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"Excellent platform. I was looking for an integrated platform like this for my customers. for a long time. I found it here. Thanks to you guys."

-Raja K.
 
"My clients were elated when I introduced this platform to them. They can see all thier investments in one place and I can manage it efficiently too."

-Srini R.
 
FAQs
General  
1.

What is FundsIndiaAdvisor.com? When was it started?

  FundsIndiaAdvisor is an online value-added investment platform for financial advisors, to serve their investors in India and abroad. It was designed and built by Wealth India Financial Services Private Limited, a Chennai based company started in 2008.

For more details please Click Here>>
2.

What can a financial advisor do with FundsIndiaAdvisor.com?

  sing FundsIndiaAdvisor.com, a financial advisor can plan and invest for his clients, in a variety of products for the medium to long-term financial needs and goals. The advisor can maintain his prospects in the CRM. We offer mutual funds, equities, fixed deposits and National Pension System (NPS) on our platform. FundsIndiaAdvisor.com is not just an informational service, it is a transactional platform where you can link your bank account and actually make investments online.
3. How can a Financial Advisor 'Empanel' with FundsIndiaAdvisor.com?
  The first step is to send us your information so that a representative from our team can get in touch with you and guide you through the process. <<Click here>> to submit your information and get started!
4. What makes me eligible to 'empanel' as an advisor with FundsIndiaAdvisor?
  Advisors joining FundsIndiaAdvisor should have cleared their AMFI exam and should hold a valid ARN number.
5. What are the documents required to empanel with FundsIndiaAdvisor?
 

The following documents are required for the empanelment process:

  • Application form
  • Agreement
  • Cancelled cheque leaf (with name printed on cheque)
  • PAN Card copy - self attested
  • ARN Card photo copy - self attested
  • AMFI certificate / NISM certificate - self attested
  • KYD copy - self attested
6. Do you have offices all over India? Or are you a purely an online platform?
  FundsIndiaAdvisor is a purely online investment platform at this time. Headquartered in Chennai, we have no branches or offices anywhere else in India.
7.

How secure is my data with FundsIndiaAdvisor.com?

  FundsIndiaAdvisor places utmost importance in the protection of investor data. Our services are hosted in a top-security, tier-4 data center outside India. The data is stored in a continuously replicated model and is also backed up daily. Network communication with the browsers are protected with 256-bit encryption using a Thawte issued security certificate.
8.

How can we contact you?

  You can contact us through email or phone. You can write to us anytime with your queries/complaints. Please refer to the Contact us page for our contact details and timings.
9.

What will happen to my investments should something happen to FundsIndiaAdvisor.com?

  At the outset, we are a well-founded company with a sound business model and excellent financial backing. We will be here to server our customers for a long time to come. However, we can also re-iterate that all the investments - mutual funds, equities, NPS, deposits - made via FundsIndiaAdvisor are made entirely in the name of the investor. These investments will be fully and freely available for direct access by the investor at any time should something happen to us. As an investor, you do not need to worry on this count.
   
Account Queries Top

Account opening

1.

Is KYC registration mandatory? I thought it was required only for investments more than Rs. 50,000 in value.

 

The mutual fund industry body AMFI has made it mandatory for all online investors to be KYC registered regardless of the size of their investment. Hence, at FundsIndiaAdvisor, we require our customers to be KYC registered before we can activate their account with us.

2.

�I just received an email from you stating that my account is active. But it did not contain any password for logging into my account. How do I get my password?

  We do not send passwords by email for security reasons. The password for your account is the same as the one that you or your advisor created when you registered for a new account. If you have forgotten it, we request you to go to our login page, type in your registered email id, and click on 'Forgot password'. You will receive an email with a link that you can use to reset your password.
3.

At the time of account opening, you are asking for a cancelled cheque (original cheque with 'Cancelled' written across). Why do you need this?

 

One of the important regulatory roles that we perform as an online service is to make sure that the bank account of a customer is in their name. A cheque with pre-printed name, or a cheque without name plus an account statement are what we use to do so. Given the importance of this detail, we feel it would be unwise of us to compromise on this request and accept alternatives.

In future, if you want to add or change a bank account, we will ask for similar information. We feel that doing this would be important to protect the sanctity of online transactions done through us.

   
SIP
1.

How does SIP investments with FundsIndiaAdvisor.com work? Why is there a 2 - 4 days delay between the date of debit and the date of investment?

 

As part of the online channel partner agreements that FundsIndiaAdvisor has signed with mutual fund companies, we (FundsIndiaAdvisor) are required to manage the debit/investment process for SIP investments. This has both advantages and disadvantages. Advantages are that we can offer SIP on any day of the month to our investors regardless of constraints in this regard set by the mutual fund companies. Also, we can stop, re-start and change the scheme of the SIP investments more dynamically than a regular mutual fund SIP.

The disadvantage is that when we make a debit for the investment, it can take upto 4 working days (depending on the bank and the location) to get information about the debit (whether it was made successfully or not). It is only after we receive this information can we make the investment behalf of the investor. Please note that we do not have your money in the interim and we do not accrue any interest for these 4 days.

However, from the investor's perspective, this should not matter as the debit is made on their account on the appointed date, and the investment is made very shortly thereafter. The difference of one or two days should not matter over the long term.

   

Payments

1.

I tried to make an investment online using netbanking. The transaction did not seem to complete successfully, but the amount has been debited from my bank account. What happens now?

 

The online payment gateway works without issues most of the times, but such issues happen from time to time.

In such situations, typically, we have not yet received the amount in our account to process your transaction. The money will be put back in your bank account within two business days. If it does not, please let us know and we'll follow up on your behalf.

2. Can advisors complete a payment process on behalf of a client?
  Advisor can initiate a new investments or SIP to their clients, but the ability to complete a payment process shall rest totally with the client.
   
Transfers
1.

I have transferred a fund to my WealthAdvisor account. It is currently offline in my account. How can I redeem this fund if I want to?

  When your holding is offline, we need to follow an offline process (based on paper letter request) to redeem your funds. Please login to your account, and go to 'Mutual Funds' and click on Redemptions. Your offline folios will be listed separately. If you select an offline folio for redemption (by filling in the redemption amount or units), a redemption letter will be generated for you. This letter will be available in your account's Downloads section under the title "Offline redemption PDF downloads".

Please print and sign the letter. You can either hand it over to your advisor or locally at an AMC office,. The redemption request will be processed by them thereafter.
2.

I have some mutual fund investments through another online channel. How do I transfer them to FundsIndiaAdvisor?

  To transfer a mutual fund holding that is currently being held through another online channel, you would first need to make it a 'Direct' holding. Only your current online channel can help make this happen. So, please contact representatives of your current online broker, and request them to make your mutual fund holdings 'Direct'. After that is done, you can login to your WealthAdvisor account, and follow the 'Easy Transfer' process.
3.

I am planning to transfer some folios to my WealthAdvisor account. Some of these folios have SIPs that are currently active. What will happen to them after transfer?

  When a folio with an active SIP gets transferred to WealthAdvisor, in MOST cases, the SIP would get stopped by the AMC. The investor would need to restart the SIP via FundsIndiaAdvisor. We recommend that investors pro-actively stop the SIP, transfer to FundsIndiaAdvisor and then restart it.
   

Account Changes

1.

I just moved residences. How do I change my address in your records?

  For all KYC compliant investors, we need to do the needful for the KYC records as well. For that, we need a few things from you.
  1. Please fill and sign the KYC modification form. This form is available in the 'Downloads' section of the CVL website - http://www.cvlindia.com
  2. Please produce a proof of address for the new address, and get it notarized.
Please send both these documents to our address:

FundsIndiaAdvisor,
Wealth India Financial Services Pvt Ltd
3rd Floor, Uttam Building,
No. 38 and 39, Whites Road,
Royapettah,
Chennai - 600 014.

Once we have these documents, we will
  1. Ensure that your KYC records are up to date
  2. Ensure that the records with the AMC are up to date for your investments.
2.

How do I change my registered bank account in FundsIndiaAdvisor.com?

 

To change your registered bank account, please login to your account, and click on 'My Info'. Then from the left menu, select 'Change bank details'. You can follow instructions from there.
Essentially, we will need a request letter from you to make the change, and a cancelled cheque (with your name) for the new bank account.

   

Miscellaneous

1.

I filled my KYC application form and sent it to you and it was processed. Now, when I download the statement from the AMC, it says that my KYC is not completed. How come?

 

It is ok that the AMC records are showing that you are non-KYC compliant at this time.

The way this works is that Karvy or CAMS receive all application from online platforms like us, and process the investment without issue. They store all the applications as KYC non- compliant initially. After that, periodically, Karvy and Cams check with the IT department (to match name and PAN) as well as CVL India to check on KYC status, and update their database in mass. They do not do it every day or at the time of the investment. They do it in bulk every month or so.

The key thing to note is that this is not an official indication that you are not KYC compliant. CVL India's record is the official record. So, you need not worry that the KYC information here is not right.

2.

I tried purchasing IDFC Premier equity fund, but could not. Do you not offer this scheme?

  IDFC Mutual fund company has closed the Premier equity fund for bulk investments. They allow only SIP transactions on it. Hence the restriction. You can still setup a SIP on this scheme using your FundsIndiaAdvisor account.
   
Mutual Funds Top
1.

What do you mean by "value-added"?

 

FundsIndiaAdvisor.com is not merely a platform for buying and selling financial products such as Insurance. Apart from offering the articles, commentary, news, and market data on the products, we also offer value-added services to financial advisors and investors.

For example, in mutual funds, an investor can use a trigger-option to specify when they want to enter or exit a fund. To illustrate, an investor could specify a trigger to say that they want to buy a fund when the Sensex hits 12000, and sell it when it hits 18000. Or they could say that they want to book profits when their scheme gains by 20%.

Another example of value added service is the ability to do portfolio-level SIP which means you can now have an SIP on an entire risk-balanced portfolio as opposed to a single scheme.

Also, we have a state-of-the-art planning engine that lets financial advisors track and analyze the investors portfolio so investors can plan their financial goals. Once you create a plan, you can link it to the actual investments you make towards the goals. This will enable you to track to see how your investments are performing towards realizing your goal.
2.

Now that SEBI has announced abolishing entry-loads, can I invest without entry-loads into mutual funds using FundsIndiaAdvisor?

 

Yes, SEBI has scrapped entry loads recently. We are very happy with the move. We were asking SEBI for this for the past nine months, and were communicating regarding this with them all through.

SEBI has now also announced that this goes into effect on August 1, 2009. So, investments made through FundsIndiaAdvisor will incur zero entry load charges from the fund house.
3.

How do I open an account with you?

  To open an account you will be required to submit your details such as name, address, bank account details, etc., Your advisor will then get in touch with you with a pre-generated application form and other documents that will require your signature to open an account with us. This will be a one time documentation process.
4.

How does the investment process work?

 

Once your financial advisor opens an account for you , you can login and start investing in a variety of ways - investing in a new scheme, establishing a SIP, establishing a trigger point to buy etc.

A financial advisor will have access to a variety of options to view and advice investors on their portfolios.

Investors will also have various means to interact with their financial advisors to get advice on what to invest in. Based on the financial advisors advice, an investor can select the scheme, select the amount to invest, login to their bank account, transfer the money, and that's it. No more forms to fill out or cheques to write. We at FundsIndiaAdvisor will take care of your investment.

Also, please note that the investment account opening process has to be completed only once. After that, you can invest in any fund of your choice as often as you choose.
5. Is it possible for an advisor to place a redemption / switch request on behalf of his client?
  Advisors will not be able to place redemption / switch request on behalf of clients. Although they will be able to recommend SIPs and other investment options the ability to redeem / switch investments will remain completely with the client.
6.

What are the mutual fund companies that you support for online investments?

  We are ""empanelled"" (partnered) with almost all the mutual fund houses in India. We have ""online channel partner"" agreements that enable us to sell schemes online with the following mutual fund houses:
  1. Axis Mutual Funds
  2. BOI AXA Investment Managers Private Limited
  3. Birla Sunlife Asset Management Company Limited
  4. BNP Paribas Mutual Fund
  5. Baroda Pioneer Asset Management Company Limited
  6. Canara Robeco Asset Management Company Limited
  7. Deutsche Asset Management (India) Private Limited
  8. DSP BlackRock Mutual Fund
  9. Daiwa Mutual funds
  10. Edelweiss Asset Management Limited
  11. Franklin Templeton Funds
  12. Goldman Sachs Asset Management Company Limited
  13. HDFC Mutual Funds
  14. HSBC Global Asset Management India
  15. ICICI Prudential Mutual Fund
  16. IDFC Asset Management Company Private Limited
  17. IDBI Mutual Fund
  18. Indiabulls Mutual Fund
  19. ING Investment Management (India) Private Limited
  20. IIFL Mutual Fund
  21. JM Financial Asset Management Private Limited
  22. JPMorgan Asset Management India Private Limited
  23. Kotak Mahindra Asset Management Company Limited
  24. L&T Asset Management Limited
  25. LIC Mutual Funds
  26. Mirae Asset Global Investment Management (India) Private Limited
  27. Morgan Stanley Funds
  28. Motilal Oswal Mutual Funds
  29. PineBridge Investments Asset Management Company (India) Private Limited
  30. Principal Pnb Asset Management Company Private Limited
  31. Pramerica Mutual Fund
  32. Peerless Funds Management Company Limited
  33. PPFAS Mutual Fund
  34. Quantum mutual funds
  35. Reliance Capital Asset Management Limited
  36. Religare AEGON Asset Management Company Private Limited
  37. SBI Mutual funds
  38. Shriram Asset Management Company Limited
  39. Sundaram Asset Management Company Limited
  40. Taurus Asset Management Company Limited
  41. TATA Mutual fund
  42. UTI Asset Management Company Private Limited
7.

How do I transfer the money for my mutual fund investments?

  An investor can transfer money to fulfill their investments by using the net-banking facility of their respective bank.
8.

What banks are you partnered with?

  The banks that we have partnered with are banks an investor can connect to directly from FundsIndiaAdvisor.com to fulfill their investments. This list of banks include:
  1. Allahabad Bank
  2. Axis Bank
  3. Bank of Bahrain and Kuwait
  4. Bank of Baroda
  5. Bank of India
  6. Bank of Maharashtra
  7. City Union Bank
  8. Corporation Bank
  9. Central Bank of India
  10. Deutsche Bank
  11. Dhanlaxmi Bank
  12. Development Credit Bank
  13. Federal Bank
  14. HDFC Bank
  15. ICICI Bank
  16. IDBI Bank
  17. Indian Overseas Bank
  18. Indian Bank
  19. ING Vysya Bank
  20. Indusind Bank
  21. Jammu & Kashmir Bank
  22. Karnataka Bank
  23. Kotak Mahindra Bank
  24. Karur Vysya Bank
  25. Oriental Bank Of Commerce
  26. South Indian Bank
  27. Standard Chartered Bank
  28. State Bank Of India
  29. State Bank Of Mysore
  30. State Bank Of Hyderabad
  31. State Bank of Travancore
  32. Tamilnad Mercantile Bank
  33. Union Bank of India
  34. United Bank of India
  35. Vijaya Bank
  36. Yes Bank
9.

What if I have an account in another bank?

  If you have an account with one of our banking partners, the investment process would be seamless for you. On the other hand, if you don't, it would still be possible to invest with FundsIndiaAdvisor. In this case, once you finalize an investment through our website, you can do an electronic fund transfer (NEFT/RTGS) specifying your user id and transaction to our ICICI bank account to enable us to fulfill your transaction.
10.

I have mutual fund investments in a variety of schemes already? How can I consolidate them for viewing in FundsIndiaAdvisor?

 

To view your existing holdings (investments in mutual funds) in a consolidated fashion in FundsIndiaAdvisor.com, you would need to transfer them to your FundsIndiaAdvisor account. To make it easier for the investors, we are devising a system (called Easy Transfer) to enable investors to quickly transfer their investments to FundsIndiaAdvisor to benefit from a consolidated view. FundsIndiaAdvisor will pre-fill all the required documents and send them for you to sign and send over.

We strictly advice that you consult with your advisor before initiating an Easy Transfer.

For more details and an explanation of the process involved, please click here.
https://www.fundsindia.com/content/node/quickTransfer.do;jsessionid=93F7C3D13D41C817A9785AD0D7503DF9

11. How do I add my spouse/others as a second investor in my account?
 

With FundsIndiaAdvisor, you can use a single login id to access your family's investments in one place. If you would like to add another person from your family as an investor (either jointly or separately), you would need to click on the 'Add Investor' link and fill out their information. A pre-filled application form for the new investor will be generated. This form needs to be sent to your advisor with the relevant documentation. Investments can be made in the name of the new investor after we receive and activate the account.

12.

Will I be able to add additional members as Investors under the same financial advisor?

  Yes, you can log into your account and add additional investors under the same financial advisor.
13.

After adding additional investors, will I be able to view all our investments in one place?

 

Yes, investments made under different investors (that were created using a single login id), can be seen in one consolidated portfolio view as separate investments. For example, a husband might have invested in a few schemes, a wife in a different set of schemes, and both of them jointly in a third set of schemes. All these investments can be viewed in a consolidated fashion in the portfolio screen when all these three accounts have been created under a single login id.

14.

I am NRI. Can I invest in mutual funds through FundsIndiaAdvisor?

  Yes, NRIs can open account and invest in mutual funds through FundsIndiaAdvisor. Please consult your advisor for more information.
15.

What is your cut-off time for mutual fund transactions?

  2.00 PM for all funds, Transaction done after 2.00 PM will be executed on next business day
16. I have placed a redemption request, how long does it take for the money to get credited into my bank account?
  Redemption requests placed before 2:00pm on a business day will be credited into your account as per the following schedule.

Equity funds - 3 business days
Debt funds - 2 business days
Liquid funds - 1 business day.

Redemption requests placed on non-business days will be taken on the next working day and will then commence as per the above schedule. Please note that some international funds could take up to 10 business days for payout.

17.

How do I verify my mutual fund investments with FundsIndiaAdvisor?

  There are well-defined ways of doing that. We will provide you with the folio number of your investment that is on the records of the mutual fund houses and their back-offices. You can use this number to contact either the fund house or their back office to verify your investment. If your investment is with a CAMS (one of the back office services) supported mutual fund house, you can use their mail-back service (available on their website) to verify your investment.
18.

How safe is my money with FundsIndiaAdvisor?

  When one invests through FundsIndiaAdvisor, Funds will be transferred via our payment gateway (TPSL, an ICICI-ventures entity) to our bank account, which is with ICICI Bank. There are three records for every transaction - one with your bank account, one with TPSL and the third with our bank account. Any missing funds can be traced without error. This happened once to one of our investors - he paid through the payment gateway at the stroke of midnight on a Thursday night. Probably due to the date change in the middle of transaction, his account got debited, but the money did not reach our accounts. He informed us about the incident, we worked with our payment gateway and ensured that the money got back into his account in two days.
19.

Can I do SIPs with FundsIndiaAdvisor?

 

Yes, we support online SIP at FundsIndiaAdvisor. However, SIP with FundsIndiaAdvisor works a little differently. Please go to the page below for more details:

SIP in FundsIndiaAdvisor

 
20.

How can an investor obtain statements for their mutual fund investments using Cams Online?

 

Please follow these steps to obtain AMC statements for your mutual funds using Cams Online:

  1. Please go to www.camsonline.com
  2. Click on 'Online Services for Investors' (second link)
  3. Please select Mail back Services (click on 'Check it Out!')
  4. Click on "Consolidated Account Statement - Cams+Karvy+FTAMIL'
  5. Please provide your registered email address, and a password (need not be your email password - this is just a password that Cams will use to encrypt the file that they will be sending you).

You will receive your statement via email within an hour. Please use the password you provided to open the statement. You can also request a single folio statement by choosing 'Single Folio Account statement' instead of Consolidated Account statement in the list above.

21.

Do NRIs get access to all Mutual Funds? What are the funds that are not available to NRIs?

  NRIs can invest in the majority of funds. However, a few AMCs do not accept investments from certain countries. The following list provides the names of those AMCs and the countries from which you will not be able to invest in them.
  1. Axis Mutual Funds – USA / Canada
  2. BNP Paribas Mutual Fund – USA / Canada
  3. Canara Robeco Mutual Fund – USA / Canada
  4. Deutsche Asset Management (India) Private Limited – USA / Canada
  5. DSP BlackRock Mutual Funds – USA / Canada
  6. Franklin Templeton Funds – USA / Canada
  7. Goldman Sachs Asset Management Company Limited – USA / Canada
  8. HSBC Global Asset Management India – USA / Canada
  9. ICICI Prudential Mutual Fund – USA / Canada
  10. IDFC Asset Management Company Private Limited – Canada
  11. IIFL Mutual Fund – USA / Canada
  12. ING Investment Management (India) Private Limited – USA / Canada
  13. JPMorgan Asset Management India Private Limited – USA / Canada
  14. Morgan Stanley Funds – USA / Canada
  15. PineBridge Investments Asset Management Company (India) Private Limited – USA / Canada
  16. Quantum Mutual Funds – USA / Canada
  17. SBI Mutual Funds – USA / Canada
  18. Sundaram Asset Management Company Limited – USA / Canada
  19. Shriram Asset Management Company Limited – USA / Canada
  20. TATA Mutual Fund – USA / Canada
  21. Reliance Mutual Fund – USA / Canada
  22. Religare Invesco Mutual Fund – USA / Canada
  23. PPFAS Asset Management Pvt. Ltd – USA / Canada
  24. HDFC Asset Management Company Limited – USA / Canada (Also, no redemption allowed for existing investors.)
  25. Principal Asset Management company – USA / Canada
  26. Mirae Asset Mutual Fund – USA / Canada
  27. UTI Mutual Fund – USA / Canada
 
Equities Top
1.

How can I open an account for equities trading?

  You can open an equity trading account with FundsIndiaAdvisor in 3 simple steps.
  1. Fill in your investor profile under equity section
  2. We will send you our Broker's executive to meet you personally to collect the KYC documents and for your signatures
  3. Your account gets opened in 3 working days from the day of signing the KYC forms
  4. We will notify you via mail when the account is ready for transactions
2.

What are the account opening charges?

  We charge Rs.500 as the equity account opening fee.
3.

What are the Brokerage and Taxes applicable for equity and ETFs transactions?

  Brokerage and Taxes

At FundsIndiaAdvisor the brokerage for equity and ETF transactions is very attractive when compared to the industry average of 50 basis points (i.e. 50 paise brokerage on every Rs 100 invested)

At the brokerage is Rs. 25 or 50 basis points (i.e. 50 paisa on every Rs 100 charged), whichever is higher.

Please note that there are additional charges that all brokers are legally required to charge on equity transactions as per SEBI. The charges are as follows:

  • Stamped duty/charges on delivery: 0.01% of transaction amount
  • Securities transaction Tax on delivery: 0.125% on transaction amount
  • Turn over tax/transaction charges: 0.0035% on transaction amount
  • Service Tax: 10.36% on (brokerage + sum of above three charges).

These additional charges are mandated by the regulatory authority and are common across all brokers.

Please Note: A minimum brokerage charge of Rs.25 will apply to all transactions below the value of Rs.8000/-

A detailed illustration with two cases
  • A use case scenario where the minimum brokerage is charged and
  • A use case scenario where 30 bps is charged.
Illustration 1 transaction < 8000
   
Heading Rs.
total turnover 4500
Flat Brokerage 25
Stamped duty/charges on delivery: 0.01% 0.00135
Securities transaction Tax on delivery: 0.125% on turnover 5.625
Turn over tax/transaction charges: 0.0035% on turnover 0.1575
Service Tax: 10.36% on brokerage 1.3986
Total Charges ( Including Brokerage) 25
Total Payable ( incase of Purchases) 4425
Total Receivable ( incase of Sale ) 4475

Illustration 2 transaction > 8000
   
Heading Rs.
total turnover 50000
Brokerage 50 bpts ( 50 paise for every Rs 100 ) 250
Stamped duty/charges on delivery: 0.01% 5
Securities transaction Tax on delivery: 0.125% on turnover 62.5
Turn over tax/transaction charges: 0.0035% on turnover 1.75
Service Tax: 10.36% on brokerage 25.90
Total Charges ( Including Brokerage) 334.79
Total Payable ( incase of Purchases) 50334.79
Total Receivable ( incase of Sale ) 49665.21
4.

I already have an account with FundsIndiaAdvisor. I would like to open an equities account. Do I have to submit all my documents again?

  Opening an equities account involves opening a Demat account specifically. A Demat account requires proof of PAN card, address and bank account. Mutual fund and deposit operations do not need a Demat account, and hence we keep Demat account opening only for investors who are looking for equities / ETFs / IPOs. To facilitate maintenance of MF and equity operations separately - we require you to submit the set of documents again for equity (Demat) account opening.
5.

I already have a demat account. Can I use that to trade through your platform?

  No. We require you to open a demat account and brokerage account through us to trade in our platform.
6.

I have brokerage and demat accounts at other brokers. Can I consolidate it in your platform?

  You have to open a brokerage account and demat account on our platform first and then transfer all your shares in your other demat accounts to the new demat account. Once done, you will be able to see a consolidated view of your holdings in the FundsIndiaAdvisor platform.
7.

How do I transfer shares from my other Demat account to FundsIndiaAdvisor Demat account?

  To transfer your shares from another Demat account to your FundsIndiaAdvisor Demat account, you would need to follow the following steps:
  • You would need to use a "Delivery instruction Slip" (DIS) - a set of these was part of the account welcome kit sent to you when you opened your Demat account with FundsIndiaAdvisor
  • In this DIS, you will need to mention your FundsIndiaAdvisor Demat account as the beneficiary account number
  • Also, please mention the shares with the ISIN code that you want to transfer from your old Demat account
  • After filling the form, and signing it, please deliver the DIS to your current broker
  • If delivered before 6 PM, your shares will be transferred to your FundsIndiaAdvisor Demat account by the next business day, and will show in your portfolio
8.

I have other brokerage accounts. Can I open one through you?

  Yes, you can open multiple brokerage accounts with multiple brokers.
9.

Which exchanges do you trade in?

  We are a registered Stock broker with the Bombay Stock Exchange. Our SEBI registration number is INZ000241638.
10.

How do I transfer funds to my brokerage account?

  Netbanking: The investor will log in to his bank account, using Netbanking facilities provided by his/her bank, and transfer the money. Investor has to transfer from his PRIMARY bank account specified in the account opening form, as the amount transferred can be easily 'tagged' to the investor's brokerage account. The amount will be available for buying shares only on the next business day

Cheque: The investor can write a check, drawn in favor of the bank details specified below, and mail it to the account holder(mentioning his/her unique client code). The amount will be available for buying shares only on the next business day after the amount is credited to the bank account.

NEFT: Investor can NEFT his investment account to the bank account, mentioning his client code in the 'remarks' column of the NEFT form. The amount will be available for buying shares only on the next business day. The following details are required for any of the above transfers:

HDFC Bank Account No. ( BSE CASH)- 00820340000525
IFSC Code RTGS / NEFT - HDFC0000082
Account name - Wealth India Financial Services Pvt. Ltd.
Branch - NUNGAMBAKKAM Branch, Chennai

Note :
The Investor will have to enter his Funds Transfer details into FundsIndiaAdvisor's "Payment Confirmation" page. The investor will follow the method as mentioned below.
Step 1 - Enter the Bank Detail
Step 2 - Enter the Funds Transfer date
Step 3 - Enter the mode of transfer i.e. Net-banking (or) NEFT (or) Cheque.
Step 4 - Enter the reference number if the mode of transfer is Net-Banking. (or) Enter the NEFT reference number if the mode of transfer is NEFT. (or) Enter the cheque number if the mode of transfer is cheque.
Step 5 - Enter the amount transferred.

11.

How do I transfer funds from my brokerage account to my bank account?

 

With FundsIndiaAdvisor you can place request in "Withdrawal Request" page. A request made during a business day before 2pm, the money would get transferred on the next working day. A request made after a cut-off time of 2pm the money would get transferred on the second next business day.

12.

Why is there a discrepancy in the price I see on the screen and the order executed?

  The stock prices you see on our site are 5-minute delayed prices. Order execution will, however, be made accurately on real-time prices based on the order limits.
13.

Why cannot I buy Options, Futures through your platform?

  We have designed this platform for medium and long term investments. In our view, options, and futures constitute a high-risk product category that we do not advise for our regular investors
14.

Why is there no margin or shorts offered on your platform?

  We have designed this as a relatively safe, low-risk equity platform for our investors. For this reason, we will not be offering margin-trading facility to our investors on this platform. What that means is that this will be a cash-and-carry system - an investor can purchase stocks only to the extent of money you have in your trading account.
15.

Why are some of the stocks not found on your platform?

  There are approximately 2000 company stocks listed in NSE, but we have decided to list only 1500 company stocks classified into all the large- cap stocks (criteria: A) and top 500 mid-cap stocks (criteria:B,B1) which is diversified in all 21 sectors in the exchange.
16.

Can I sell my mutual funds and use that money to buy equities on your platform or vice-versa?

  Yes, you can. You have to first sell the mutual funds and you will get the money in your bank account in T+3 days (if it is an equity fund). Then you have to transfer the money from your bank to the broker's bank account. Once the money reaches the broker's bank account, you can start buying equities on our platform
17.

I am an NRI. Can I buy/sell equities in your platform?

  Yes, NRI can invest in equities through FundsIndiaAdvisor.com
18.

What are the types of order FundsIndiaAdvisor.com offers in the Equity platform?

  With FundsIndiaAdvisor you can place 3 types of orders.

Limit Order
Market Order
Stop-loss Order

19.

What is a Limit Order?

  An order placed with a brokerage to buy or sell a set number of shares at a specified price or better. Limit orders also allow an investor to limit the length of time an order can be outstanding before being canceled.
20.

What is a Market Order?

  A market order is an order to buy or sell a stock at the current market price. A broker enters an order as a market order when requested to do so by his or her client. When a market order is placed, it is almost guaranteed that the order will be executed.

A market order is that the price is paid when the order is executed. The price may not always be the same as that presented by a real-time quote service. This often happens when the market is changing very quickly. Placing an order "at the market," especially when it involves a large number of shares, offers a greater chance of getting different prices for different parts of the whole order.

21.

What is a Stop-loss Order?

  A stop loss is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop order is a limit order (fixed or pre-determined price).

Stop Loss Limit Order

A stop loss limit order is an order to buy a security at no more (or sell at no less) than a specified limit price. This gives the trader some control over the price at which the trade is executed, but may prevent the order from being executed.

A stop loss buy limit order can only be executed by the exchange at the limit price or lower. For example, if an investor who is interested in investing in a particular share when the share technically break-outs, at Rs 120 when the market price is at 100 he can place a stop-loss order with the price range of 115 to 120. When the share reaches a price between 115 to 120the stop loss order gets automatically executed within the specified range. Similarly in a stop loss sell order an investor can protect his loss by placing a stop-loss order. For example, if an investor who has invested in a share at Rs 100 can protect his loss by placing the stop loss order. He can place a stop loss order with range of Rs.95-90. When the price reaches 95 and below the order gets executed within the specified range.
22.

When can I place an order?

 

With FundsIndiaAdvisor you can place real time market orders and GTC (good till cancelled).

A real time market order can be placed between 9.am of the trading day and till 3.30pm of the same trading day. The orders placed during the day will be automatically cancelled after the market timing.

A GTC order can be placed between 7pm to 8.55 am of the next trading day. The GTC order will be executed on the next business day. The GTC order will automatically cancelled at the end of the 7th calendar day's market closing.

23.

I read that you accept only delivery-based trading and not intra-day trading. Why is this so?

  FundsIndiaAdvisor is a platform specifically crafted for investors who seek the cost and convenience of an online platform. There are plenty of other platforms that provide trading services. We think that day-trading is not a beneficial activity for regular, medium-long-term investors. Hence, to ensure that we can provide low-cost services for our investors, we have decided to offer only delivery-based trading
24.

What is a GTC (good till canceled) order?

  A Good-Till-Cancelled (GTC) order is an order to buy or sell a security at a specific or limit price that lasts until the order is completed or cancelled. A GTC order will not be executed until the limit price has been reached. Investors often use GTC orders to set a limit price that is far away from the current market price. At FundsIndiaAdvisor an investor can place a GTC order for an active period of 7 calendar days. The order will automatically get cancelled on the 8th calendar day.
25.

How to place a GTC buy order ?

  A GTC Buy order can be placed by Selecting Buy/Sell from the Equity Menu. Select Buy and then select GTC under Validity. The GTC order will be good for 7 calendar days.

Note:-
The cash equivalent to the value of the GTC buy order will be kept on hold till the GTC order is executed or cancelled.

26.

How to place a GTC Sell order ?

 

A GTC Sell order can be placed by Selecting Buy/Sell from the Equity Menu. Select Sell and then select GTC under Validity. The GTC order will be good for 7 calendar days.


Note:-
The shares equivalent to the quantity of the GTC Sell order will be kept on hold till the GTC order is executed or cancelled.

27.

Who should I call if I have a problem with my account and/or trades?

 

Please contact FundsIndiaAdvisor. equities@FundsIndiaAdvisor.com. (0) 7667 166 166

   
NPS Top

Tier 1

1.

Who can join the National Pension System?

  Any Indian citizen between 18 and 55 years. At present, only tier-I of the scheme, involving a contribution to a non-withdrawable account, is open. Subsequently tier-II accounts, which permit voluntary savings that can be withdrawn at any point of time, can be opened. But to be eligible to open a tier-II account, you need a tier-I account.
2.

How do I enroll?

 

You will need to visit a point of presence (PoP), fill up the prescribed form with the required documents. Once you are registered, the Central Recordkeeping Agency (CRA) will send you a Permanent Retirement Account Number (PRAN), along with telephone and internet passwords.

WHO'S WHO

REGULATOR: Pension
Fund Regulatory & Development Authority
NPS TRUST:
A trust, set up under the Indian Trusts Act, that is responsible for taking care of the funds under the National Pension System (NPS) and protect subscriber interests
POINTS OF PRESENCE(PoPs):
It is the first point of interaction. The 22 registered PoPs have authorised branches to act as collection points and extend services to customers
CENTRAL RECORDKEEPING AGENCY (CRA):
The back office for maintaining records, administration and customer service functions. National SecuritiesDepository Ltd has been designated the CRA
PENSION FUND MANAGERS:
At present, there are six fund managers
TRUSTEE BANK:
Bank of India is the designated agency to facilitate fund transfers across various entities such as subscribers, the fund managers and the annuity service providers
3.

How much can I invest?

  There is no investment ceiling. But the minimum investment limit has been fixed at Rs.500 a month or Rs.6,000 annually. Subscribers are required to contribute at least once a quarter but there is no ceiling on how many times you invest during the year.
4.

What is the penalty for failure to make the minimum payment?

  You will have to bear a penalty of Rs 100 per year of default and will need to pay it with the minimum amount to reactivate the account. Also, dormant accounts will be closed when the account value falls to zero.
5.

Are my investments guaranteed?

  No. There is no guarantee since NPS is a defined contribution scheme and the benefits depend on the amount contributed and the investment growth up to the time of exit.
6.

How should I select my investment option?

 

You can choose the investment mix between equity or E (high risk but high returns), mainly fixed income instruments or C (that come with medium risk and returns) and pure fixed investment products or G (which offer low returns but have very low risks associated with them). Equity investment is capped at 50 per cent.

At present, the equity investment consists of index funds that replicate the Sensex or Nifty portfolio. The C segment includes liquid funds, corporate debt instruments, fixed deposits and public sector, municipal and infrastructure bonds. The pure fixed investment instruments include state and central government securities.

There is a trade-off between risk and returns, with a younger investor placed better to take risks.

If you are unable to decide the investment mix, the default option will kick in.

7.

What is the default option?

 

The default option, called auto choice lifecycle fund, will see the investment mix change according to the age of the subscriber. At the lowest entry age of 18 years, auto choice entails an investment of 50 per cent in E, 30 per cent in C and 20 per cent in G.

The ratios will remain unchanged till the subscriber turns 36, when the ratio of investment in E and C will decrease annually, while the proportion of G rises.

By the time the subscriber is 55 years, G will account for 80 per cent of the corpus, while the share of E and C will fall to 10 per cent each.
8.

Who will decide the fund manager?

  At the moment, the Pension Fund Regulatory and Development Authority (PFRDA) has selected six fund managers - State Bank of India, UTI, ICICI Prudential, Kotak Mahindra, IDFC and Reliance - on the basis of a bidding and technical evaluation process. You have to select one fund manager at the time of deciding your investment option; later, PFRDA may allow subscribers to choose more than one fund manager.
9.

Can I change my investment mix and the fund manager?

  You can shift from one fund manager to another from May 2010.
10.

What happens if I relocate to another city?

  The PRAN remains the same and you can access a toll-free number (1-800-222080). The details of your PRAN and the statement of transactions will be available on the CRA website (www.npscra.nsdl.co.in).

Agency Service Charge Mode
CRA Account opening Rs.50 Through cancellation of Units
Annual maintenance charge Rs. 350*
Per transaction Rs. 10*
POP
(Max allowed)
Registration Rs. 40 To be collected Upfront
Per transaction Rs.20
Trustee Bank Per transaction emanating from a RBI location Zero Through Nav deduction
Per transaction emanating from a non-RBI location4 Rs. 15
Custodian5 (on asset value) Asset Servicing 0.0075% p.a for Electronic segment & 0.05% p.a for physical segment Through Nav deduction
Fund Manager Investment Management 0.0009% p.a Through Nav deduction
   
11.

How can I exit the scheme?

 

The normal retirement age has been fixed at 60 years. At 60, you will be required to use at least 40 per cent of your accumulated savings to buy a life annuity from an insurance company. A phased withdrawal is also allowed but the lump sum benefit has to be availed of before you turn 70 years.

For those looking to exit before turning 60, there is an option to withdraw 20 per cent of the accumulated savings but buy an annuity with the remaining 80 per cent.

If the subscriber dies before he or she turns 60, the nominee can receive the entire pension corpus. Alternatively, a subscriber can exit if the account value falls to zero or if the citizenship status changes. The age of exit will be reviewed by PFRDA from time to time. There will also be the option to select an annuity that will pay a survivor pension to your spouse.

   
Tier 2
1.

What is Tier II NPS?

  New Pension Scheme (NPS) has two types of accounts called Tier I and Tier II, It is mandatory to have a Tier I account to open a Tier II account.
2.

What is the major difference between Tier I and Tier II Account?

  The single major difference between Tier I and Tier II is that Tier II balance can be withdrawn by the investor at any time, the minimum balance to keep the account operative is 2000Rs, at the end of financial year any balance a above that can be withdrawn. Both Tier I and Tier II are pension products ie they are meant to create a lumpsum at retirement.
3.

What are the charges for Tier II Account ?

 

No additional Central Record keeping Agency (CRA) charges for Tier II for either account opening or annual maintenance, Transaction charges same as Tier I will however be applicable. Tier I charge details provided below.

4.

What is the limit of no of withdrawals?

  There is no limit on number of withdrawals
5.

Would the scheme preference and nominee be same as Tier I account?

  No, a separate nomination and scheme preference can be availed.
6.

Can I transfer funds from Tier II to Tier 1 & vice-versa?

  Only one way transfer from Tier II to Tier I allowed, Transfer from Tier I to Tier II not allowed since Tier I is non withdraw able
7.

What are the minimum contributions

 

Minimum contribution at the time of account opening - Rs 1000
Minimum amount for subsequent contributions - Rs 250
Minimum Account Balance at the end of Financial Year - Rs 2000
Minimum Contributions per year - 4 ( Min 1 contribution if you join in the last quarter)

Penalty of Rs 100 for non maintenance of minimum balance and/or not making minimum no of contributions

8.

Comparison between Tier I and Tier II

 
  Tier 1 Tier 2
Registeration Through PoP Through PoP
Contributions Minimum Total Contribution of Rs 6000 per annum
Minimum Rs 500 per contribution
Minimum 4 contributions per year
Min Rs 1000 contribution at time of account opening
Min Rs 250 per subsequent contributions
Min Balance of Rs 2000 at the end of Financial Year (April-March)
Schemes available
  • Active choice ( choose from)-3 Asset Classes (Equity, Corporate Bonds, Government Bonds ) & 6 Pension Fund Managers (see list)
  • Auto choice-Asset allocation based on age
  • Active choice ( choose from)-3 Asset Classes (Equity, Corporate Bonds, Government Bonds ) & 6 Pension Fund Managers (see list)
  • Auto choice-Asset allocation based on age
Age at Entry Minimum age 18 years and maximum age 55 years Same as Tier I
Norms for withdrawal
  • Can be withdrawn at age 60, 40% of accumulated amount to be used to buy life annuities from an IRDA approved Insurance Company, A phased withdrawal is also allowed but the lumpsum balance should be withdrawn before age 70
  • For exiting before 60 years age, only 20% of the lumpsum to be cash withdrawal,80% to be used to buy life annuities from an IRDA approved Insurance Company
  • On death before age 60, the nominee receives lumpsum
No limits can be withdrawn anytime
The charges for Tier I Account are as follows
Intermediary Charge Head Service Charges Method of Deduction
CRA PRA Opening Charges Rs.50 Through cancellation of Units
Annual PRA Maintenance Cost per account Rs. 350
Charge per Transaction Rs. 10
POP
(Maximum permissible charge for each subscriber)
Initial subscriber registration and contribution upload Rs. 40 To be collected Upfront
Any subsequent transactions2 Rs.20
Trustee Bank Per transaction emanating from a RBI location Zero Through Nav deduction
Per transaction emanating from a non-RBI location4 Rs. 15
Custodian5 (on asset value in custody) Asset Servicing Charges 0.0075% p.a for Electronic segment & 0.05% p.a for physical segment Through Nav deduction
PFM Charges Investment Management Fee3 0.0009% p.a Through Nav deduction
 

*Service tax and other levies, as applicable will be levied as per the existing tax laws

  1. When the number of accounts in CRA reaches 10 Lakh the service charges, exclusive of Service Tax and other taxes as applicable will be reduced to Rs.280 (Rupees two hundred and eighty only) for annual PRA maintenance per account and Rs.6 (Rupees six only) for charges per transaction. Further, When the number of accounts in CRA reaches 30 lakh the service charges, exclusive of Service Tax and other taxes as applicable will be reduced further to Rs.250 (Rupees two hundred and fifty only) for annual PRA maintenance per account and Rs.4 (Rupees four only) for charges per transaction CRA charge for maintenance of your permanent retirement would include charges for maintenance of your permanent retirement would include charges for maintenance of electronic information of the balances in your PRA, for incorporating changes to PRA details received by the CRA in electronic form, for sending annual account information once a year in printed form etc.

  2. These include
    1. Regular subscribers contribution
    2. Change in subscriber details
    3. Change of investment scheme / fund manager
    4. Processing of withdrawal request
    5. Processing of request for subscriber shifting
    6. Issuarce of printed Account statement
    7. Any other subscriber services a smay be prescribed by PFRDA
  3. The Investment Management Fee is inclusive of all transaction related charges usch as brokerage, transaction cost etc. except custodian charges and applicable taxes. The investment Management Fee is calculated on the average monthly assets managed by the pension fund
  4. Trustee Bank charges are not charged to subscriber directly. Transaction refers to the entire chain of activites starting from receipt of electronic instruction / receipt of physical instrument to transfer of funds to the designated PFMS. On the outflow side it would all activities leading to credit of beneficiary account
  5. Charges for Demat / Remat, Receipt of shares & SEBI charges are extra
9.

What is the asset allocation pattern for my investments?

  You have 2 choices
  1. Auto choice ( which does the asset allocation based on age) The asset allocation based on age for auto choice is

    Asset Class
    Age E C G
    Upto 35 Years 50% 30% 20%
    36 Years 48% 29% 23%
    37 Years 46% 28% 26%
    38 Years 44% 27% 29%
    39 Years 42% 26% 32%
    40 Years 40% 25% 35%
    41 Years 38% 24% 38%
    42 Years 36% 23% 41%
    43 Years 34% 22% 44%
    44 Years 32% 21% 47%
    45 Years 30% 20% 50%
    46 Years 28% 19% 53%
    47 Years 26% 18% 56%
    48 Years 24% 17% 59%
    49 Years 22% 16% 62%
    50 Years 20% 15% 65%
    51 Years 18% 14% 68%
    52 Years 16% 13% 71%
    53 Years 14% 12% 74%
    54 Years 12% 11% 77%
    55 Years 10% 10% 80%

  2. Active choice in which you choose between Equity (E),Corporate Bonds (C) and Governemnt Bonds (G) as per your choice subject to a maximum of 50% in equity such that the total 100% is allocated as per your choice. To give an example Equity (E)-between 0-50%, depending on this the rest could be in Corp Bonds or Govt Bonds so that total adds up to 100%, the only rule si that the equity portion can not exceed 50%
10.

Can I change my Scheme preference from auto choice to active or vice versa?

  Yes the same can be done once every financial year
   
Deposits Top
1.

What is Company Fixed Deposit?

  Company Fixed Deposit is the deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest.
2.

Why is interest from Company Fixed Deposit higher than Banks?

  Company Fixed Deposits have always offered interest which is 2-3% higher than Bank Deposit rate, because they have to pay higher interest to banks for borrowing money.
3.

How is interest payments made?

  Interest is paid on monthly/quarterly/half yearly/yearly basis or on maturity, and is sent either through cheque or through Electronic Clearing System basis.
4.

When is TDS deducted on the interest from Company Fixed Deposits?

  TDS is deducted if the interest on fixed deposit exceeds Rs.5000/- in a financial year.
5.

Is there any scope of appreciation of principal?

  No, at the end of deposit period, the principal is returned to the deposit holder.
6.

How to choose a good company deposit scheme?

 
  • Ignore the unrated Company Deposit Schemes. Ignore deposit schemes of little known manufacturing companies. For NBFCs, RBI has made it mandatory to have an 'A' rating to be eligible to accept public deposits. One should go further and look at only AA or AAA schemes.

  • Within a given rating grade, choose the company with a better reputation.

  • Once you decide on a company, choose the schemes that have given a better return. Unless you need income regularly, you should prefer cumulative schemes to regular income options since the interest earned automatically gets reinvested at the same coupon rate, resulting in better yields. It also gives you a lump-sum amount at one go.
  • It is better to make shorter deposit of around 1 year to 3 years. This way, you can not only keep a watch on the company's rating and servicing, but also have your money back in case of an emergency.
  • Check on the servicing standards of the company. You should not invest in companies that care little about investor services, like promptly sending interest warrants or the principal cheque.

  • Involve your Financial Planner / Investment Advisor for advice in all your transactions. Do not bypass and invest directly.

  • Check whether the company accepts outstation cheques and makes payment through at par cheques, especially if you do not live in the same city where the company is situated.

7.

Which companies can accept deposits?

  Companies registered under the Companies Act 1956, such as:
  • Manufacturing Companies.
  • Non-Banking Finance Companies.
  • Housing Finance Companies.
  • Financial Institutions.
  • Government Companies.
8.

Up to what limits can a company accept deposit?

 

A Non-Banking Non-Finance Company (Manufacturing Company) can accept deposits subject to following limits.

Upto 10% of the aggregate of paid-up share capital and free reserves if the deposits are from shareholders or guaranteed by the directors, Otherwise upto 25% of the aggregate of paid-up share capital and free reserves. A Non-Banking Finance Company can accept deposits up to following limits:An Equipment Leasing Company can accept four times of its net owned fund. A Loan or Investment Company can accept deposit up to one and half time of its net owned funds.
9.

What is the period of the deposit?

 

Company Fixed Deposits can be accepted by a Manufacturing Company having duration from 6 months to 3 years. Non-Banking Finance Companies can accept deposit from 1 year to 5 years period. A Housing Finance Company can accept deposit from 1 year to 7 years.
Companies where you should not invest

  • Companies that offer interest higher than 15%.
  • Companies that are not paying regular dividends to the shareholders.
  • Companies whose Balance Sheet shows losses.
  • Companies that are below investment grade (A) or less rating.
10.

What is the difference between a Fixed deposit and a Cumulative deposit ?

  In Fixed deposit scheme, interest is payable at specified frequencies. The scheme will be convenient for persons like pensioners, who require periodical interest payment. In Cumulative deposit scheme, interest is payable at the time of maturity along with the principal. This scheme is suitable for persons who do not require periodical interest payment and this can be thought of as a money multiplier scheme.
11.

Can an NRI invest in deposits ?

 

Yes, NRIs can place funds in fixed deposits with public limited companies in India in certain situations. If the permission to accept deposits from non-residents was already taken by the Indian company, it is not necessary for the investor to take a separate permission. However, due to operational constraints, at this moment, FundsIndiaAdvisor has decided not to accept corporate fixed deposits from NRIs. It is very likely that we will revisit this decision in future. We'll keep you posted.

12.

What is the difference between form 15G and form 15H?

  Form 15G is meant for Resident Individuals who are below 65 years of age. 15H is meant for Senior Citizens who are of 65 years of age or more during the financial year.
13.

What is Form 15G/15H and where do I get it from?

  Form 15G/15H is a self declaration by the depositor which can be obtained from the company. It is a self declaration which needs no attestation by anybody except in the case of Left Hand Thumb impression which needs to be attested by a Gazetted Officer/Bank Official. Since a copy has to be retained in our files and one copy has to be sent to the IT dept. it is required to be furnished in duplicate. We will send a Form 15G/15H declaration in the month of March and the depositor is required to return the same in duplicate duly completed and signed by the first Depositor. Form 15G/15H is sent to the depositor on the basis of the estimated interest payable for the full financial year and such estimation is calculated as on 31st March. In Cumulative deposit the estimation will be on the assumption that the deposit will be renewed for the entire maturity value on the due date in the following year.
14.

If Form 15H is furnished, will there by any query from Income tax dept.?

 

Since one copy of the Form 15G/15H is required to be sent to I.T.O. it is possible that the I.T.O. may raise some query, when they deem it necessary.

   
IPO Top
1.

What are IPOs?

  Initial Public Offering (IPO) is when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. Some of the reasons why companies go for an IPO is as follows:
  • Additional Capital resources for funding of projects/expansion plans.
  • Dilution of existing promoters shares holding.
  • Listing enhances corporate image thus providing visibility.
2.

What are the two types of IPO

  There are two types of IPO:

"Book Building" means a process undertaken by which a demand for the securities proposed to be issued by a body corporate is elicited and built up and the price of the security is assessed on the basis of the bids obtained for the quantum of securities offered for subscription by the issuer. This method provides an opportunity to the market to discover the price for securities.In case of a fixed price issue the issue price is fixed.
3.

Issue Related Terms & FAQs

 
  • Price Band: Price band indicates the different price levels within a given range in which the investor can enter his bid.
  • Floor Price:It is the lower end of the price band.
  • Cap Price:It is the upper end of the price band.
  • Offer Document: Offer document means prospectus in case of a public issue, which is file with Registrar of companies (ROC) and stock exchanges. The offer document contains all relevant details pertaining to the issue upon which the investors can make his/her decision.
  • Draft Offer Document: means the offer document in the draft stage, which is filed with SEBI for its observations. The draft offer documents are filed with SEBI at least 21 days prior to filing the offer document with ROC and Exchange.
  • SEBI ROLE: Any company making a public issue or a listed company making a rights issue of value more then Rs.50 Lakhs is required to file a draft offer document with SEBI for its observations. The company can proceed further only after receiving observations from SEBI. The validity of SEBI observation is 3 months only i.e. the company has to open its issue within 3 months period.
  • Cut off Price:In case of public issues the actual discovered price/ issue price can be anything between a given price band. The discovered issue price is called the cut off price.
  • Basis of Allotment: The allotment in case of Retail and Non-QIB (HNI) category the allotment is on a proportionate basis.
4. What Timeframes for the Issue and Post - Issue formalities?
 
  • The minimum period for which a public issue has to be kept open is 3 working days and the maximum for which it can be kept open is 10 working days. The minimum period for a rights issue is 15 working days and the maximum is 60 working days.
  • A public issue is effected if the issue is able to procure 90% of the Total issue size within 60 days from the date of earliest closure of the Public Issue. In case of over-subscription the company may have the right to retain the excess application money and allot shares more than the proposed issue, which is referred to as the 'green-shoe' option.
  • A rights issue has to procure 90% subscription in 60 days of the opening of the issue.
  • Allotment has to be made within 30 days of the closure of the Public Issue and 42 days in case of a Rights issue.
  • All the listing formalities for a public Issue has to be completed within 70 days from the date of closure of the subscription list. Refund Orders
  • Refund orders have to be dispatched within 30 days of the closure of the Public Issue.
  • Refunds of excess application money i.e. for un-allotted shares have to be made within 30 days of the closure of the Public Issue.
5.

Do I need to fill up any applications while applying for IPOs?

  At FundsIndiaAdvisor, you can apply for IPOs without going through the tedious process of application filling, cheque signing and submission. All you need to do is fill in the requisite details in the online screens of IPO application. We will do the paperwork for you on the basis of the information provided by you. This is done on the Authority of the Power of attorney executed by you in favor of "Wealth India Financial Services Pvt Ltd"
6.

How do I bid?

  Select the IPO that you wish to place an order, under the IPO section of FundsIndiaAdvisor.
7.

Where can I view the basis of allotment for a particular IPO?

  It can be viewed under "Portfolio Section" in the Equities section
8.

How are refunds of IPO credited?

  Refunds of IPO are credited by the registrar of the company either directly to client's bank account assigned with the demat account or a cheque is issued and sent at the registered mailing address as per the policy of the company. For any IPO refund details customers are required to co-ordinate with the registrar of the company
9.

Is it compulsory to have a demat account with FundsIndiaAdvisor?

  Yes. You need to have a Demat account with FundsIndiaAdvisor to invest in IPO.

  Top
*Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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