Stock Mind: Competition Rules

Format of the Game

How to Register

SMS ‘ICFL <Group Code*><Email ID>’ to 9215676766. The email ID you send through SMS will be your User ID
Your password will be sent to your registered email ID
Visit virtualstocks.icicidirect.com and login with your user ID and password
Fill in your details and submit the form
Start competing from T + 1** day!

* Group Code: Group Code is your college-specific StockMIND unique ID, which is announced during the StockMIND seminar.

** “T” refers to the date of seminar. Your contest starts on the next trading day of the seminar. For example, if the seminar is on Friday, then the contest starts on Monday. If Monday is a holiday, then the contest will start from Tuesday.

College Round

Compulsory Round - Cash and Margin

In this round, students from a particular college will compete with each other to qualify for the National Round. The below grid will be followed to decide how many participants will go into the National Round:

Number of Participants in a Group	Number of Students Eligible for the National Round
50 or less participant	1
100 or less participants	2
More than 100 participants	3

Competition Rules

The competition shall be active for 7 trading days during market hours (9:15 am - 3:30 pm). A trading day is defined as a day on which both, the NSE and the BSE are open for trading
At the start of the contest, ` 15 lakh of virtual money will be allocated to each participant. The participant with the highest Net Worth (cash in hand + value of stocks held) at the end of 7 trading days will be the winner. Similarly, the next two participants will be the first runner-up and second runner-up respectively
Cash and Margin segments will be enabled for this contest
Participants may execute intraday (margin) as well as buy and hold stocks

Qualifying Criteria for the Winner

The minimum presence required is in 5 stocks (shares of 5 different companies)
The minimum number of trades required to qualify for the competition is 10
Participants will be allowed to trade only in the top 100 NSE stocks and top 100 BSE stocks

Please note: A ‘trade’ means an executed order. For example, if a participant buys 100 shares of ABC Ltd., it will be considered as 1 trade. If the same participant sells 100 shares of ABC Ltd., it will be considered as another trade. This effectively means that by buying and selling 100 shares of ABC Ltd., the participant has completed two trades.

Daily Turnover Restrictions

Participants MUST restrict their trading turnover to less than or equal to ` 3 crore. Turnover means the sum total of all the transactions executed on a particular trading day. This includes shares bought and sold on the same day, or shares sold on the current day which were purchased on some other trading day.

One-time Deviation

One error in terms of higher turnover from participants will be allowed. However, the maximum excess turnover should NOT be more than ` 50 lakh. This means that if a participant does a turnover of up to ` 3.5 crore on any day of the contest, it will be considered as a one-time deviation and the participant will not be disqualified. In the event that a participant exceeds the turnover of ` 3.5 crore, he/she will be disqualified from the contest, even if it is for the first time.

National Round

All students eligible for the National Round will compete with each other to win this round. This round will be played in March 2018, and the competition will be for Equity - Cash and Margin (for details & rules, refer to the ‘College Round’ section). All qualified participants will be contacted shortly before the commencement of the National Round.

General Rules

The participant must establish the credentials as and when asked during the contest or at the time of declaring the final results
None of the accidental or unintentional trades will be reversed by ICICI Securities
ICICI Securities will not be held responsible for technical issues and non-availability of the trading platform at any time during the contest period
Participants will be solely responsible for the trading hours / days lost for non-availability of a trading platform due to the User ID being locked, unlocking of User ID / Password or any other such activity
ICICI Securities reserves the sole and absolute right to alter the rules if required, to suit the competitive spirit of the contest
In case of any disputes, the decision of ICICI Securities will be final and binding on all the participants
ICICI Securities reserves the sole and absolute right to change the prizes at any given point of time
ICICI Securities and its associates can call, SMS or email participants, even if they are registered under DNC
Photographs, videos or films of participants taken during the event can be used for any legitimate purposes by ICICI Securities
All prizes will attract deduction of tax at source, as per Section 194B of the Income Tax Act 1961 or as applicable from time to time
The amount allocated to each participant is purely virtual and cannot be liquidated into real money. Any profit or loss made in this game is virtual and only for the purpose of the competition
You hereby agree and understand that StockMIND is a game which will be played on a virtual trading platform

Declaration of the Winner

Participants must use only one User ID. If it is found that a particular participant is using more than one User ID, the participant will be disqualified and will not be eligible for any prizes or certificates
The selection of winners will be based on their Net Worth (market value of stocks + available cash limit), where the closing prices of stocks will be considered as the market value
In case of a tie, the participant with the higher number of trades will be declared the winner
The decisions of ICICI Securities will stand undisputed and binding