Upstox Securities Pvt. Ltd.: A Comprehensive Overview
Upstox Securities Pvt. Ltd. is a prominent player in the Indian financial market, offering a range of services that cater to both novice and seasoned investors. With a commitment to transparency and compliance, Upstox operates under the regulatory framework established by the Securities and Exchange Board of India (SEBI). Below, we delve into various aspects of Upstox, including its registration details, services, and investor guidelines.
Company Registration and Compliance
Upstox Securities Pvt. Ltd. is registered with SEBI under Registration No. INZ000315837. The company is also a member of the National Stock Exchange (NSE) with TM Code 13942 and the Bombay Stock Exchange (BSE) with TM Code 6155. Additionally, it holds a Central Depository Services Limited (CDSL) Registration No. IN-DP-761-2024.
The company operates under the Corporate Identification Number (CIN) U65100DL2021PTC376860. The Compliance Officer, Mr. Kapil Jaikalyani, can be reached at (022) 24229920 or via email at compliance@upstox.com. The registered address of Upstox is 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001.
Services Offered
Upstox provides a variety of services, including:
- Equity Trading: Facilitating the buying and selling of stocks on major exchanges.
- Derivatives Trading: Offering options and futures trading for more advanced investors.
- Mutual Funds: Providing access to a range of mutual funds, with research data powered by Morningstar.
- Commodities Trading: Through its associate, RKSV Commodities India Pvt. Ltd., which is registered with SEBI under INZ000015837.
Investor Support and Complaint Resolution
For any complaints or issues, investors can reach out via email at complaints@upstox.com or complaints.mcx@upstox.com. Upstox encourages investors to utilize the SEBI SCORES portal for filing complaints. To register on the SCORES portal, mandatory details include Name, PAN, Address, Mobile Number, and Email ID. This platform ensures effective communication and speedy redressal of grievances.
Risk Disclosure and Investment Caution
Investing in the securities market involves inherent risks. Upstox emphasizes the importance of reading all related documents carefully before investing. Notably, 9 out of 10 individual traders in the equity Futures and Options segment incur net losses. On average, loss-makers registered a net trading loss close to ₹50,000, in addition to incurring transaction costs that can consume a significant portion of their profits.
Key Risk Disclosures:
- Derivatives Trading: Investors are cautioned against trading in leveraged products without proper understanding, as this can lead to substantial losses.
- Mutual Funds: Top-rated funds do not constitute financial advice, and investors should read offer documents carefully.
- Unauthorized Practices: Investors should avoid sharing trading credentials and engaging with unauthorized investment advisors.
Investor Awareness Initiatives
Upstox actively promotes investor awareness through various guidelines and advisories. As per recent circulars from NSE and BSE, investors are advised to abstain from dealing in unauthorized collective investment schemes and to ensure their KYC details are updated.
Important Guidelines:
- KYC Compliance: KYC is a one-time exercise; once completed through a SEBI-registered intermediary, it does not need to be repeated.
- Transaction Alerts: Investors should update their mobile numbers with their depository participants to receive alerts for important transactions.
Conclusion
Upstox Securities Pvt. Ltd. stands out as a reliable and compliant entity in the Indian financial landscape. With a focus on transparency, investor education, and a wide array of services, it aims to empower investors to make informed decisions. As always, potential investors should conduct thorough research and consider their risk tolerance before engaging in any trading activities.
For more information, visit Upstox’s official website or contact their compliance officer for any inquiries.