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 experienced investors. With its SEBI registration number INZ000315837 and a strong presence on major stock exchanges, Upstox has established itself as a reliable platform for trading and investment.
Company Details
- SEBI Registration No.: INZ000315837
- NSE TM Code: 13942
- BSE TM Code: 6155
- CDSL Reg No.: IN-DP-761-2024
- CIN: U65100DL2021PTC376860
- Compliance Officer: Mr. Kapil Jaikalyani
- Contact Number: (022) 24229920
- Email: compliance@upstox.com
- Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001
RKSV Commodities India Pvt. Ltd.
Upstox is a wholly owned subsidiary of RKSV Securities India Pvt. Ltd. Additionally, RKSV Commodities India Pvt. Ltd. operates as an associate of RKSV Securities.
- SEBI Registration No.: INZ000015837
- MCX TM Code: 46510
- CIN: U74900DL2009PTC189166
- Compliance Officer: Mr. Amit Lalan
- Contact Number: (022) 24229920
- Email: compliance@rksv.in
- Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001
- Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai – 400013
Customer Support and Complaints
For any complaints or issues, customers can reach out via the following emails:
Filing Complaints on SEBI SCORES
Investors can file complaints through the SEBI SCORES portal. The mandatory details required include:
- Name
- PAN
- Address
- Mobile Number
- Email ID
This platform ensures effective communication and speedy resolution of grievances.
Risk Disclosure and Investment Warnings
Investing in the securities market involves risks. It is crucial for investors to read all related documents carefully before making any investment decisions.
Key Risk Disclosures
- Derivatives: 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.
- Transaction Costs: Loss makers often spend an additional 28% of their net trading losses on transaction costs.
Mutual Funds
Investors are advised to read the offer documents carefully before investing in mutual funds. Upstox acts merely as a distributor and does not accept liability for investment outcomes.
Investor Caution
Recent circulars from NSE and BSE have warned investors against engaging with unauthorized collective investment schemes or portfolio management services. Investors should avoid:
- Sharing trading credentials or strategies.
- Trading in leveraged products without proper understanding.
- Following unsolicited tips from unverified sources.
KYC and Security Measures
Investors are encouraged to update their mobile numbers with their depository participants to receive alerts for transactions in their Demat accounts. KYC is a one-time process, and once completed through a SEBI-registered intermediary, it does not need to be repeated.
IPO Subscription Guidelines
Investors no longer need to issue cheques when subscribing to IPOs. Instead, they can simply authorize their bank to make payments in case of allotment. This ensures that funds remain in the investor’s account until necessary.
Online Dispute Resolution
SEBI has launched 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.
For more information, visit the following links:
Conclusion
Upstox Securities Pvt. Ltd. stands as a robust platform for investors looking to navigate the complexities of the Indian financial markets. With a commitment to compliance, customer support, and investor education, Upstox continues to empower individuals in their investment journeys. Always remember to conduct thorough research and understand the risks involved before making investment decisions.