Upstox Securities Pvt. Ltd.: A Comprehensive Overview
Upstox Securities Pvt. Ltd. is a prominent player in the Indian financial services sector, providing a range of investment solutions to retail investors. With a commitment to transparency and compliance, Upstox operates under the regulatory framework established by the Securities and Exchange Board of India (SEBI) and is a member of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Regulatory Credentials
Upstox is registered with SEBI under Registration No. INZ000315837. It holds trading membership codes for NSE (TM Code: 13942) and BSE (TM Code: 6155). Additionally, it is registered with the Central Depository Services Limited (CDSL) under Reg No. IN-DP-761-2024. The company operates under the Corporate Identification Number (CIN) U65100DL2021PTC376860, ensuring that it adheres to all regulatory requirements.
Compliance and Contact Information
The compliance officer for Upstox is Mr. Kapil Jaikalyani, who can be reached at (022) 24229920. For any compliance-related inquiries, investors can contact him via email at compliance@upstox.com. The registered address of Upstox is 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001.
Associated Entities
Upstox operates as a wholly-owned subsidiary of RKSV Securities India Pvt. Ltd. Additionally, RKSV Commodities India Pvt. Ltd. is an associate of RKSV Securities. RKSV Commodities is also registered with SEBI (Registration No.: INZ000015837) and holds a trading membership code with the Multi Commodity Exchange (MCX) (TM Code: 46510).
Contact for RKSV Commodities
The compliance officer for RKSV Commodities is Mr. Amit Lalan, available at (022) 24229920. For inquiries, investors can reach out via email at compliance@rksv.in. The registered address for RKSV Commodities is also located at 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001, with a correspondence address at 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai – 400013.
Filing Complaints
Investors can file complaints through the SEBI Complaints Redress System (SCORES) portal. To register, users must provide mandatory details such as their name, PAN, address, mobile number, and email ID. This system facilitates effective communication and speedy redressal of grievances. For any complaints related to Upstox, investors can email complaints@upstox.com or complaints.mcx@upstox.com.
Important Links
- SEBI SCORES Portal: Visit Here
- Risk Disclosure Document: Read Here
- Terms of Use and Privacy Policy: Read Here
Investment Risks and Disclaimers
Investing in the securities market carries inherent risks. It is crucial for investors to read all related documents carefully before making investment decisions. Upstox emphasizes that brokerage fees will not exceed the limits prescribed by SEBI.
Derivatives and Mutual Funds
Statistics indicate that 9 out of 10 individual traders in the equity futures and options segment incur net losses, with average losses around ₹50,000. Additionally, loss-makers often incur transaction costs that can amount to 28% of their net trading losses. Investors should approach derivatives with caution and ensure they have a solid understanding of the products and their associated risks.
When it comes to mutual funds, Upstox advises investors to read the offer documents carefully. The company acts solely as a distributor and does not accept liability for investment outcomes.
Investor Awareness and Guidelines
Upstox urges investors to be cautious and avoid unauthorized schemes promising guaranteed returns. The company highlights the importance of safeguarding personal trading credentials and avoiding unsolicited tips from unverified sources.
KYC and Transaction Alerts
Investors are encouraged to update their mobile numbers with their depository participants to receive alerts for important transactions. KYC (Know Your Customer) is a one-time process, and once completed through a SEBI-registered intermediary, investors do not need to repeat it with other intermediaries.
Conclusion
Upstox Securities Pvt. Ltd. stands as a reliable and compliant entity in the Indian financial landscape. With a focus on transparency, investor education, and regulatory adherence, it aims to empower investors to make informed decisions. As the market continues to evolve, Upstox remains committed to providing quality services while ensuring the safety and security of its clients’ investments.
For further inquiries or assistance, investors can reach out to Upstox’s compliance team or explore the various resources available on their website.