Why did I get charged 1000.01 for Liquid Bees?

[MoneyMaker]

I am new here and just testing the waters. Just place a Market order for 10 units of Liquid Bees and it was executed at a price of 1000.01 each. I thought the price is fixed and it never changes. Don’t they allot additional units/daily dividend instead?

[Bhuvan]

@MoneyMaker

Don’t they allot additional units/daily dividend instead?

There is usually a variation of few paise in LiQUIDBEES because of stray ticks. The returns in Liquidbees are in the form of daily dividends which are reinvested back. The extra units will be credited to your demat account every 30 days.

Check this post to know more about LIQUIDBEES:

Can someone explain how exactly Liquid Bees works?

Last year around 6.5%+ annual returns. Over the last 3 years, 7%+. Buy it similar to stocks, by using ur trading and demat account. 3/4. Yes, the value of liquid bees remains constant at around 1000. Dividends are daily, and all of these dividends are added together and credited to you once a month. It is credited to you as new units and not as money. So if you had bought 100 units at 1000, (Rs 1lks), held it for 1 year. At the end of the year you will probably have around 106 units with…