Upstox Securities Pvt. Ltd.: A Comprehensive Overview
Upstox Securities Pvt. Ltd. has emerged as a significant player in the Indian financial market, providing a range of services that cater to both novice and experienced investors. With a commitment to transparency and compliance, Upstox operates under the regulatory framework established by the Securities and Exchange Board of India (SEBI). This article delves into the essential details about Upstox, its services, compliance measures, and investor advisories.
Company Credentials
Upstox Securities Pvt. Ltd. is registered with SEBI under Registration No. INZ000315837 and holds trading membership codes for both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The NSE TM Code is 13942, while the BSE TM Code is 6155. The company is also registered with the Central Depository Services Limited (CDSL) under Reg No. IN-DP-761-2024.
Corporate Structure
Upstox is a wholly owned subsidiary of RKSV Securities India Pvt. Ltd., while RKSV Commodities India Pvt. Ltd. serves as an associate. This corporate structure allows Upstox to leverage the expertise and resources of its parent companies, enhancing its service offerings.
Contact Information
For inquiries or compliance-related questions, investors can reach out to:
- Compliance Officer: Mr. Kapil Jaikalyani
- Phone: (022) 24229920
- Email: compliance@upstox.com
- Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001
For complaints, investors can contact:
Filing Complaints
Upstox encourages investors to utilize the SEBI SCORES portal for filing complaints. To register, users must provide mandatory details such as Name, PAN, Address, Mobile Number, and Email ID. This system ensures effective communication and speedy resolution of grievances.
Important Links
- SEBI SCORES Portal: SEBI SCORES
- Risk Disclosure Document: Risk Disclosure
- Terms of Use and Privacy Policy: Terms and Privacy
Investment Risks and Disclaimers
Investing in the securities market carries inherent risks. Upstox emphasizes the importance of reading all related documents carefully before making investment decisions. Notably, brokerage fees will not exceed the limits prescribed by SEBI.
Risk Disclosures on Derivatives
Statistics indicate that 9 out of 10 individual traders in the equity Futures and Options segment incur net losses. On average, loss-makers report net trading losses of approximately ₹50,000, alongside additional transaction costs that can reach 28% of their losses. Those who do make profits often find that transaction costs consume 15% to 50% of their gains.
Mutual Funds and Advisory
Upstox provides access to top-rated mutual funds, but investors are advised to read the offer documents carefully. The company acts solely as a distributor and does not accept liability for investment outcomes.
Cautionary Advice for Investors
In light of recent circulars from NSE and BSE, investors are urged to avoid unauthorized collective investment schemes and to be cautious about sharing trading credentials. Practices to avoid include:
- Sharing login IDs, passwords, and OTPs
- Trading in leveraged products without proper understanding
- Engaging with unsolicited tips from unverified sources
Investor Awareness and KYC Compliance
Upstox stresses the importance of updating mobile numbers with depository participants to prevent unauthorized transactions. KYC (Know Your Customer) compliance is a one-time process, simplifying future interactions with various intermediaries.
Online Dispute Resolution
SEBI has established an Online Dispute Resolution (ODR) portal to streamline the dispute resolution process in the Indian securities market. This initiative aims to benefit both investors and listed companies by offering online conciliation and arbitration.
- ODR Portal for Investors: ODR Portal
Conclusion
Upstox Securities Pvt. Ltd. stands as a reliable and compliant entity in the Indian financial landscape. With a focus on investor education, risk management, and regulatory adherence, Upstox aims to empower investors to make informed decisions. As always, potential investors should conduct thorough research and consider their risk tolerance before engaging in the securities market.