Investment

Simla Investment：Mortgage advice, that’s as safe as houses

Mortgage advice, that's as safe as houses

Established in 2005, Wigwam Mortgage Solutions is the trading style of James Bernard Scully which is an Appointed Representative of Stonebridge Mortgage Solutions, which is one of the largest and longest established adviser networks in the UK.Simla Investment

There have been many changes in the mortgage market over recent years, but as the market has evolved so have weGuoabong Investment!Agra Investment

As many local and national brokers closed down or scaled back their proposition, we saw an opportunity to expand our business model by developing on-line tools that make it easy to do business with customers all day every day, backed by the experience and knowledge that gives you the high level of advice and support needed with such an important transaction.

Benefit from our service, coupled with our experience and expertise.

We are committed to getting you the best mortgage – just give us the chance to help you.Surat Investment

– We provide our services to suit you, whether face to face, telephone or email

– We search the whole market to ensure we find the right mortgage for youChennai Stock

– We continue to monitor the market place and will keep you updated on opportunities

Guoabong Stock

Wealth

Bangalore Wealth Management：Loan Comparison Calculator

Loan Comparison Calculator

After comparing loans, it is worth considering which terms are best for you. Consider your financial situation and how the loan may affect you. Remember that it is not just a matter of the principal but how long you will maintain the loan and how much interest will accrue over time. It may be worth paying more over time if the payments are more manageable, even if your repayment period is ultimately longer.Bangalore Wealth Management

You may on choosing the Simla Stock. First, learn your credit score and know what kind of rate to expect based on that score, your income and ratio. Then, run the numbers to ensure you can comfortably afford the monthly payments on your new loan. Once you know exactly how much you would like to borrow, compare different lenders to assess who has the most favorable loan terms.New Delhi Investment

Consider the type of loan that you are taking on, as wellVaranasi Stock. will have much higher interest rates than other loans and can stick you in a difficult financial situationNew Delhi Stock Exchange. These can be helped with , but these carry additional costs that you’ll have to consider, as well — and it may hurt your financial situation or credit if you miss payments.

Surat Wealth Management

Management

Jaipur Stock：Factors Affecting NVIDIA’s Share Price

Factors Affecting NVIDIA’s Share Price

For those investors who are keen on broadening their investment horizons and tapping into the global markets, the prospect of investing in foreign stocks can be an enticing one. A stock that has been making waves in the global investment community is NVIDIA Corporation .

Known for its pioneering work in the realm of graphics processing units (GPUs) and artificial intelligence (AI) technologies, NVIDIA has become a sought-after stock for many. The interest in the technology has grown exponentially especially since NVIDIA’s share price has climbed to new heights in the past few monthsJaipur Stock. The stock is up over 240% in the past year.

If you’re contemplating adding NVIDIA shares to your portfolio from India, this guide is designed for you. We aim to simplify the process, offering valuable insights and steps to help you understand the nuances of international investing.

Founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, NVIDIA has revolutionized the tech industry with its pioneering GPUs and AI technologies. From gaming to professional visualization, data centers, and automotive tech, NVIDIA’s innovative products have made significant impacts across diverse sectors. The company’s unwavering commitment to innovation and its vision for an AI-centric future have garnered global recognition.

CEO Jensen Huang has played a pivotal role in NVIDIA’s success, driving impressive growth and shaping market perceptionsGuoabong Wealth Management. His forward-looking vision for AI and high-performance computing has guided the company’s mission. Huang’s dynamic leadership and innovative strategies have earned the trust of investors and consumers alike, solidifying NVIDIA’s position as a leader in the tech landscape.

See also: How To Buy Tesla Shares In India

Over the past six months, the chip giant has focused a lot of its attention on India. Ever since the company CEO came to India in late 2023, the company has announced several collaborations with Indian companies.

The U.S. company partnered with Reliance Industries and Tata Group to build foundational large language models and high-performance AI computing environments respectively. It also inked a deal with Infosys, where the firm aimed to bring generative AI applications and solutions to enterprises.

NVIDIA further collaborated with L&T Technology Services Limited to revolutionize medical devices through the development of a software-defined architecture. It also announced a partnership with another IT giant Wipro.

NVIDIA’s fourth-quarter revenue, ending January 28, surged to $22.1 billion from $6.05 billion in the previous year, marking a substantial increase. The company, headquartered in Santa Clara, California, reported earnings of $12.29 billion, a notable rise from $1.41 billion in profit recorded in the same period a year ago.

The earnings beat most expectations and helped the US markets surge further

Here’s a snapshot of NVIDIA’s financial performance over the past four years:

The table clearly shows steady growth in the company’s earnings and revenue. However, it’s important to remember that while financials are a key consideration, there are several other factors an investor should consider before investing in NVIDIA shares.

Trends in the Tech Market: The global growth and adoption of AI and high-performance computing can significantly impact NVIDIA’s share price. Positive trends and increased demand for these technologies can boost investor confidence in NVIDIA, potentially leading to an increase in the share price.

Innovation and Product Launches: NVIDIA’s capacity to innovate and introduce new products is a key factor watched by investors. Successful product launches and technological breakthroughs can positively influence NVIDIA’s share price, while any setbacks could have a negative effect.

Financial Performance: NVIDIA’s quarterly financial results play a crucial role in shaping investor sentiment. Robust revenue growth, profitability, and positive cash flow can contribute to a favourable perception of the company’s prospects and potentially drive the NVIDIA share price higher.

Regulatory Landscape: Changes in government policies, regulations, or incentives related to technology and AI can impact NVIDIA’s share price. Supportive policies and incentives can create a conducive environment for NVIDIA’s growth, while adverse regulatory changes might lead to increased volatility.

Competition in the Tech Market: The technology market is highly competitive, with several established tech giants and new entrants vying for market share. Investors closely monitor NVIDIA’s ability to maintain its competitive edge, innovation, and market leadership, which can affect the company’s share price.

The first step to investing in NVIDIA shares from India is to open an overseas trading account. Some well-regarded brokerage firms in India that offer access to international markets include:

HDFC Securities: A leading brokerage firm in India that provides trading access to global stock exchanges.

Kotak Securities: A reputable brokerage firm that enables investors to trade in international stocks, including NVIDIA.

ICICI Direct: ICICI Direct offers a variety of investment options, including services for international stock trading.

Select a brokerage firm that meets your needs, offers competitive fees, and provides an intuitive trading platform. Follow the brokerage firm’s instructions and provide the necessary documentation to open your demat account.

Investing in foreign stocks involves various fees and taxes, over and above the cost of the actual NVIDIA share price. Here are the charges and taxes you will be required to pay:

Tax Collected at Source (TCS): Under the RBI’s Liberalised Remittance Scheme (LRS), a 5% TCS is imposed on all remittances exceeding Rs 7 lakh. This tax is applicable only to the amount exceeding ₹7 lakh, not the entire sum. However, with the recent changes made by the government under the Finance Act 2023, this will go up significantly. From July 1, 2023, you will be charged a 20% TCS on these investments. Also, the threshold of ₹7 lakhs has been removed, so if you invest ₹12 lakhs after June 30, TCS would be charged for the entire amount and not just ₹5 lakhs.

Capital Gains & Dividend Tax: For Indian citizens, dividends from US stocks are subject to a 25% tax rate. However, thanks to the Double Tax Avoidance Agreement (DTAA), investors can receive a tax credit for taxes paid abroad, ensuring they are not taxed twice on the same income. In India, you are also required to pay taxes on capital gains.

Brokerage Fees: Brokerage firms impose fees for buying and selling shares. This differs from broker to broker and is more often than not higher for investing in foreign stocks.

Bank Charges: Most banks charge fees for foreign exchange conversion and transfers. Additionally, there may be a one-time account setup fee. Total banking charges are usually around 4% to 5% of your total investment amount including commission and GST.

Foreign Exchange Rate: The foreign exchange rate at the time of purchase or withdrawal can impact costs and the number of units allocated.

Considering the extensive list provided, it is evident that purchasing NVIDIA shares in India can be quite expensive. Therefore, it is crucial to conduct thorough research before proceeding. Additionally, it is important to note that there is a yearly cap of $250,000 (approximately ₹2 crore) for Indian citizens for such expenses.

Once you’ve purchased NVIDIA shares, it’s vital to monitor your investment regularly. Stay updated on NVIDIA’s financial performance, news, and market trends that could affect the NVIDIA share price. You can check the NVIDIA share price anytime using your trading platform or even a simple Google search for NVIDIA share price will get you the desired result.

Must Read: Top 10 Richest People In India

Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

Chennai Stock

Gold

Jinnai Wealth Management：ABC News corrects bombshell Flynn report

ABC News corrects bombshell Flynn report

Stocks largely recovered later in the day.

CNN had reached out to ABC News in the early afternoon to ask why Ross’ initial reporting was not included in the network’s online story about Flynn pleading guilty to lying to the FBI.

Several hours later, a spokesperson for the network told CNN that Ross would be issuing a “clarification” on “World News Tonight,” which airs at 6:30 p.m. ET.

“[A] clarification tonight on something one of Flynn’s confidants told us and we reported earlier today,” Ross said on the program. “He said the president had asked Flynn to contact Russia during the campaign. He’s now clarifying that saying, according to Flynn, candidate Trump asked him during the campaign to find ways to repair relations with Russia and other world hot spots. And then after the election, the president-elect asked him to contact Russia on issues including working together to fight ISIS.”

A tweet published by ABC News containing Ross’ initial report had been retweeted more than 25,000 times and embedded in various news stories online before it was deleted. ABC posted a “clarification” on Twitter around 8 p.m.

An ABC spokesperson said the network learned its initial reporting was incorrect at about 6 p.mJinnai Wealth Management. The network spokesperson declined to say if any disciplinary action would occur.

ABC’s decision to call its correction a “clarification” prompted immediate criticism.Varanasi Investment

“If we want to regain trust in the media, we need to admit our mistakes, especially when as consequential as this. Retract. Correct. Don’t use weasel words to describe it,” Jonathan Swan of Axios tweeted.

Greta Van Susteren blasted ABC for trying to “sugar coat” its mistake by characterizing it as a “clarification.”

Shortly before 11 p.m., after a barrage of criticism, ABC posted a new tweet with the header “Correction” instead of “Clarification” followed by the same text as the prior tweet. The original tweet was deleted.

Udabur Investment

Wealth

Lucknow Investment：Best regional and overall brokerages 2020

Best regional and overall brokerages 2020

22.74%

CITICS-CLSA

14.21%

Yuanta

26.44%

CITICS-CLSA

15.98%

YuantaLucknow Investment

19.03%

CITICS-CLSA

12.44%

Yuanta

MacquarieMumbai Wealth Management

19.70%

16.33%Ahmedabad Stock

15.68%

35.02%

CITICS-CLSA

12.80%

Nomura

12.22%

Jefferies

11.63%

Haitong InternationalSimla Wealth Management

11.44%Kolkata Investment

Simla Wealth Management

Management

Bangalore Investment：Curbing money and muscle power in elections

Curbing money and muscle power in elections

The Chief Election Commissioner, Rajiv Kumar, has announced the 18th Lok Sabha election schedule, starting on April 19. He has identified four major problems that affect India’s free and fair elections. These are the 4Ms: Muscle power, Money power, Misinformation, and violations of the Model Code of Conduct (MCC). They are not new.

During his campaign in 2014, Prime Minister Narendra Modi promised to end the criminalisation of politics and regulate the use of black Money. However, the question remains whether it is possible to prevent the improper use of the model code of conduct and control the use of Money and muscle power.

The Association for Democratic Reforms, an election watchdog, has found that several major Indian political parties, including the BJP, Congress, TMC, NCP, RJD, AAP, CPI(M), and YSRCP, have fielded candidates with criminal offences. The current Members of Parliament (MPs) own assets worth ?29,251 crores with an average wealth of ?38.33 crores. The report found that 44% of Union Ministers in India have a criminal record, and 25% of MPs have serious criminal cases against them. Of the total MPs, 53 are billionaires, and 475 are crorepatis.

Increasing use of Money and Muscle power threatens Indian democracy. Politicians began using musclemen for their work, but since the 1980s, these criminals have started running for office. Political parties also find it easy as they fund their campaigns, and people vote for them out of fear.

The nexus between crime and politics is a persistent issue that will not go away soon. This link impacts the country’s democracy and governance. The connection between the two factors leads to high-cost elections and voter bribes. Those with financial resources use their Money to buy their way into politics and become competitive.

In the Supreme Court verdict, candidates running for election since March 2003 must provide information on their criminal charges, financial situation, marital status, sources and amounts of income, wealth, and education in a self-sworn affidavit. However, some candidates need to give more consistent information about their education and assets.

The Election Commission has changed the rules for political party funding during elections. The new regulations include decreasing the cash donation limit from Rs 20,000 to Rs 2,000 and introducing anonymous electoral bond contributions.

However, companies can still donate to political parties without disclosing the source of funds up to a certain amount. The law does not limit the number of cash donations to enhance transparency.

The Supreme Court prohibited the sale of election bonds this year. The government introduced the bond system in 2018. Individuals or companies can purchase these bonds at a value ranging from Rs 1,000 to Rs one crore, with no limit on the maximum amount. In the last five Assembly polls, electoral bonds worth Rs 6,128 crore were sold, raising concerns about transparency and accountability. Only a few parties benefitted, including the BJP and the Congress, and the BJP had a significant share. The court found that the bonds lacked transparency and banned them recently.Bangalore Investment

Poll officials seized drugs, cash, and liquor worth over Rs. 1760 crores in the five poll-bound states, more than seven times the seizures made in previous Assembly Elections worth Rs. 239.15 Crore.

Rajiv Kumar has banned Cash transportation in bank vehicles after sunset as part of the new rules for the 2024 polls. The Commission will also monitor Nonscheduled chartered flights for cash, liquor, and drug movement to aid in seizure efforts.

Indian democracy has thrived for over 75 years despite various challenges such as illiteracy, poverty, and more. The power has shifted smoothly 17 times, unlike in the neighbouring countries. The Election Commission of India has successfully organised 17 Lok Sabha, 16 Presidential elections, and over 400 assembly elections. With 97.8 crore eligible voters, the credit for making this happen goes to the people.

Several committees in India, such as the Goswami, Vohra, and Indrajit Gupta Committees, the Law Commission, the National Commission to Review the Constitution, the Election Commission of India, and the Administrative Reforms Commission, have proposed electoral reforms. They must be implemented urgently.

Committees have proposed ways to solve the problem of undesirable people entering government positions. However, these suggestions still need to be implemented.

The Election Commission has established a Model Code of Conduct (MCC) for political parties to adhere to during elections. However, parties have been openly defying the MCC without fear of reprimand from the ECSurat Stock. The EC needs more power to enforce the MCC and ensure political parties comply.

Nagpur Stock

Investment

Nagpur Stock：Air India’s comeback： elevating presence in Indian aviation and cargo

Air India's comeback： elevating presence in Indian aviation and cargo

After becoming part of Tata, Air India is eyeing a significant resurgence in the Indian aviation market, positioning itself ahead of competitors both domestically and internationallyNagpur Stock. The airline is not only focusing on passenger services but also striving to revitalize its freight and cargo operations network in India and globally.

While Air India is renowned as an Indian passenger carrier, it has a history of operating air cargo services. Air India Cargo, the freight-carrying subsidiary, initiated freight operations in 1954 with a Douglas DC-3 aircraft. Subsequently, the airline acquired a Boeing 747 and a Douglas DC-8, making it the first Asian airline to operate freighters.Jaipur Investment

Operating the Boeing 747 and Douglas DC-8 aircraft on international routes between the 1980s and 1990s, cargo has consistently been an integral part of Air India’s operations. Despite a temporary halt to cargo services, the airline resumed freighter operations in 2006 with two A310 aircraftNagpur Investment. However, in 2012, due to escalating losses, operational challenges, and heightened competition from Middle Eastern carriers, Air India suspended cargo operations.

Post-privatization, the airline is eager to reclaim its legacy in the Indian aviation market. Earlier this year, Air India ordered 470 aircraft, aiming to bolster its global network with advanced aircraft like Airbus A350s. Recently, the airline made significant adjustments to its Airbus aircraft order, expressing a preference for additional A350-900s and A321neos. The widebody order now includes 20 A350-900s and 20 A350-1000s in equal numbers. Additionally, the narrowbody category sees revised orders for 140 A321neos and 70 A320neos.

The airline is preparing to receive its first Airbus A350-900 aircraft by the end of this month, featuring a new livery. Alongside this, the airline will unveil the new cabin for its A350. In a promising move, Air India Cargo was seen as an exhibitor at the India International Cargo Show 2023 in Mumbai, signaling its intent to enhance the prominence of its cargo business both in India & globally.

This announcement comes after the airline unveiled new crew uniforms designed by Indian fashion designer Manish Malhotra. While there is no indication of acquiring new cargo freighters in the current fleet, the possibility remains open for the future.

Earlier this year, Air India appointed Ramesh Mamidala to lead its cargo business, bringing over 25 years of air cargo experience with leading airlines such as Emirates SkyCargo and Qatar Airways Cargo, as well as expertise in cargo handling and airport operations. Mamidala, until recently, served as the chief cargo officer at Adani Airports Holdings, overseeing cargo business across seven airports under its management.

Left to Right: Ramesh Mamidala, Sudeep Narayan, Saket Gupta

Recent developments include strategic additions to Air India’s cargo division. Saket Gupta, with 24 years of experience at Lufthansa Cargo, joined as the assistant vice president responsible for cargo pricing and revenue management. Sudeep Narayan was hired to head international sales for the airline’s cargo operations, bringing two decades of experience with carriers such as Emirates SkyCargo, Etihad Cargo, and forwarders like Dachser and EFL.

Collaborating with global carriers is a priority for Air India to scale up its network in other countries. Lufthansa recently expressed willingness to expand cargo collaboration with Air India to increase cargo volumes.

In a strategic move, Delhi has solidified its position as a key cargo hub for Air India, connecting vital routes to the US, Canada, Europe, and Australia. Air India has introduced an innovative feeder service, combining road and air transport to efficiently transport bonded cargo from various regions across the country to Delhi. This initiative not only optimizes cargo operations but also enhances outbound cargo capacity from Delhi.

In the April-June quarter, Air India’s share of India’s international air freight stood at 6.7%, ranking it fifth behind industry giants like Emirates, Qatar Airways, Aerologic, and Cathay Pacific. This scenario has prompted Air India to reassess its approach to cargo operations.

In summary, Air India’s strategic repositioning in the cargo market underscores the company’s commitment to diversification and expansion. With its historical significance, renewed focus on cargo services, and a dynamic leadership team, Air India is poised to make a substantial impact on India’s international air freight market.

Kanpur Investment

Gold

Jaipur Wealth Management：HDFC Bank’s ADR Drops Most Since April 2022 After Q3, Falls 7%; Why Bears Toppled India’s Largest Bank？

HDFC Bank's ADR Drops Most Since April 2022 After Q3, Falls 7%; Why Bears Toppled India's Largest Bank？

India’s largest bank and third largest company in terms of market share, HDFC Bank is in a bloodbath on Wednesday’s trading session as investors’ mood soured over In Following this, HDFC Bank’s US-listed shares also took a major hit.

Right after earnings, HDFC Bank’s American Depositary Receipts (ADRs) listed on NYSE nosedived by 7% to close at $61.18 on January 16. This is the most single-day drop in HDFC Bank’s ADR since April 2022.

In general terms, ADRs allow U.S. investors to invest in non-U.S. companies and give non-U.S. companies easier access to the U.S. capital markets. Many non-U.SJaipur Wealth Management. issuers use ADRs as a means of raising capital or establishing a trading presence in the U.S. The non-U.S. company may sometimes be referred to as a “foreign private issuer.”, as per SEC’s FAQS.Jaipur Investment

HDFC Bank’s ADR were the first to react to the lender’s Q3 results. Meanwhile, on Wednesday, the share price listed on BSE and NSE reacted. HDFC Bank shares are top bears on both Indian exchanges.

Notably, HDFC Bank’s weightage in Nifty 50 is the highest among other constituents, at a staggering 13.52% by the end of 2023. Reliance and ICICI Bank follow with weightage of 9.20% and 7.36% respectively.

On NSE, HDFC Bank shares dived by 7.09% to hit an intraday low of Rs 1,560 apiece. The stock is currently trading at Rs 1,577.50 apiece, lower by Rs 101.65 or 6.05%.

Further, HDFC Bank shares were into a frenzied fall, nosediving by at least 6.5% to hit an intraday low of Rs 1,570 apiece on BSE. At the time of writing, HDFC Bank shares traded at Rs 1,580 apiece, down by 5.9% with a market cap of Rs 11,99,119.08

crore.

In Q3FY24, HDFC Bank’s net profit came in at Rs 16,372 crore, registering a growth of 33% from Rs 12, 259 crore a year ago same quarter. While its net interest income (NII) saw a growth of 24% YoY to Rs 28,470 crore. While the bank’s core net interest margin was at 3.4% on total assets, and 3.6% based on interest-earning assets.

Pre-provision operating profit stood at Rs 2,365 crore, up by 24.3%Agra Wealth Management. In terms of asset quality, gross NPA was at 1.26%, down from 1.34% in Q2FY24. Net NPA came in at 0.31% of net advances by the end of Q3FY24.

In its research note, brokerage Motilal Oswal said, “NII came in 2% lower than MOFSLe as reported margins stood flat at 3.4%. ‘Other income’ stood higher than our estimate at Rs 111b, aided by healthy treasury gains coupled with strong traction in core fees. During 9MFY24, PAT grew 22% YoY to Rs 541b vs. Rs 321b (ex-merger) over 9MFY23.”Jaipur Stock

Further, Motilal said, that in Q3, the margin remained flat at 3.4% despite a rise in the CD ratio and deployment of excess liquidity on the balance sheet as LCR declined sharply to 110%. It further highlighted that the margin is currently at the lower end of the spectrum and should recover to 3.7% in 18-24.

Overall, Motilal Oswal said, “HDFCB reported in-line earnings led by healthy other income and steady loan growth. Margins stood largely flat (slightly below our expectations) even as the bank deployed excess liquidity and significantly drew down the LCR ratio. Loan growth was healthy driven by growth in retail and continued traction in Commercial and Rural banking. Asset quality ratios improved while PCR also inched up to ~75%.”

Motilal also said, “The bank has continued to maintain a 0.6% buffer of floating + contingent provisions, which provides additional comfort. Management suggested that NIMs will improve gradually over the coming years, which along with an improvement in operating leverage will enable the bank to deliver healthy return ratios. We estimate HDFCB to deliver faster deposit growth at 19% CAGR while loan growth to sustain at 17% CAGR over FY24-26.”

Thus, Motilal estimates HDFCB to deliver an FY26E RoA/RoE of 1.9%/16.7%. It said, “We reiterate our BUY rating with a TP of INR1,950 (premised on 2.5x Sep’25E ABV + INR223 for subs).”

Ahmedabad Stock

Stock

Mumbai Stock Exchange：Money Basics： Planning for Retirement

Money Basics： Planning for Retirement

Social Security benefits are based on the earnings recorded under your nine-digit Social Security number. When you work, your employer withholds Social Security and Medicare taxes from your paycheckMumbai Stock Exchange. Your employer matches that amount, sends the taxes to the Internal Revenue Service (IRS), and reports your earnings to Social Security. If you're self-employed, you pay your own Social Security taxes when you file your tax return, and the IRS reports your earnings to the Social Security Administration.Udabur Stock

As you work and pay taxes, you earn credits that help make you eligible for future Social Security benefitsLucknow Wealth Management. How many credits you earn per year depends on how much money you make; in 2014, you receive a credit for each $1,200 of income, up to a maximum of 4 credits per year. This does not apply to money earned as a domestic or farm worker, which has a separate set of rules. To quality for benefits, most people need to have accumulated 40 credits.

Social Security benefits can provide financial support for you and your family when you retire or if you become disabled. Such benefits can also be provided to your family if you die.

When it comes to planning for retirement, remember that Social Security should be only part of your retirement plan. The amount of money that retirees get from Social Security does not always rise with inflation, so it can be hard to live comfortably on Social SecurityPune Wealth Management. It is therefore important to try to save other money for your retirement as well.

Bangalore Stock Exchange

Financial

Jaipur Wealth Management：Watch this video and learn the best way to invest in gold

Watch this video and learn the best way to invest in gold

For any grievances/complaints Email –

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“Prevent un-authorized transactions in your account –> Update your mobile numbers/email IDs with your stock brokers and depository participants. Receive information of your transactions directly from Exchange or Depository on your mobile/email at the end of the dayAhmedabad Investment. Issued in the interest of investors”

“KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.”Kanpur Wealth Management

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Brokerage charged will not exceed maximum limit as prescribed by SEBI.

This is with reference to communication received from SEBI/Exchanges stating that some fraudster entities have been operating throughout India and sending bulk messages to the clients trading on the recognized stock exchanges on the pretext of providing investment tips and luring with hefty profits, all clients are requested not to get carried away by luring advertisements, rumours, hot tips, explicit/ implicit promise of returns, etc.

The modus operandi observed is that once a client pays amount to them, huge profits are shown in his account online inducing more investment. However, they stop responding when client demands return of amount invested and profit earned.

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.Pune Stock

Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

Pay 20% upfront margin of the transaction value to trade in cash market segment.

Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

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Surat Investment