What is a fractional share?

A fractional share is a part of a whole share. In simpler terms, instead of buying a complete share, you can own a fraction of it. This enables investors to diversify their portfolios with smaller amounts of money, making it more accessible and flexible.

Yes, shareholders are still eligible for corporate action benefits even if they sell the shares on the ex-date/record date. This is because eligibility for the benefits of corporate actions requires shareholders to have the shares in their demat account on the ex-date/record date. If the shares are sold on the ex-date/record date, they will be debited from the demat account on the next day, i.e., T+1 day, and not on the same day.