Wealthy

Investor Charter

Vision

To follow highest standards of ethics and compliances while facilitating the trading by clients in securities in a fair and transparent manner, so as to contribute in creation of wealth for investors.

Mission

  • To provide high quality and dependable service through innovation, capacity enhancement and use of technology.

  • To establish and maintain a relationship of trust and ethics with the investors.

  • To observe highest standard of compliances and transparency.

  • To always keep 'protection of investors interest' as goal while providing service.

Services provided to Investors

  • Execution of trades on behalf of investors.

  • Issuance of Contract Notes.

  • Issuance of intimations regarding margin due payments.

  • Facilitate execution of early pay-in obligation instructions.

  • Settlement of client’s funds.

  • Intimation of securities held in Client Unpaid Securities Account (CUSA) Account.

  • Issuance of retention statement of funds.

  • Risk management systems to mitigate operational and market risk.

  • Facilitate client profile changes in the system as instructed by the client.

  • Information sharing with the client w.r.t. exchange circulars.

  • Redressal of Investor’s grievances.

Rights of Investors

  • Ask for and receive information from a firm about the work history and background of the person handling your account, as well as information about the firm itself.

  • Receive complete information about the risks, obligations, and costs of any investment before investing.

  • Receive recommendations consistent with your financial needs and investment objectives.

  • Receive a copy of all completed account forms and agreements.

  • Receive account statements that are accurate and understandable.

  • Understand the terms and conditions of transactions you undertake

  • Access your funds in a timely manner and receive information about any restrictions or limitations on access.

  • Receive complete information about maintenance or service charges, transaction or redemption fees, and penalties.

  • Discuss your grievances with compliance officer of the firm and receive prompt attention to and fair consideration of your concerns.

Various activities of Stock Brokers with timelines

S.No.ActivitiesExpected Timelines
1KYC entered into KRA System and CKYCR10 days of account opening
2Client OnboardingImmediate, but not later than one week
3Order executionImmediate on receipt of order, but not later than the same day
4Allocation of Unique Client CodeBefore trading
5Copy of duly completed Client Registration Documents to clients7 days from the date of upload of Unique Client Code to the Exchange by the trading member
6Issuance of contract notes24 hours of execution of trades
7Collection of upfront margins from clientBefore initiation of trade
8Issuance of intimations regarding other margin due paymentsAt the end of the T day
9Settlement of client funds30 days / 90 days for running account settlement (RAS) as per the preference of client. If consent not given for RAS - within 24 hours of pay-out
10‘Statement of Accounts’ for Funds, Securities and CommoditiesWeekly basis (Within four trading days of Securities and Commodities following week)
11Issuance of retention statement of funds/commodities5 days from the date of settlement
12Issuance of Annual Global Statement30 days from the end of the financial year
13Investor grievances redressal30 Days from the receipt of the complaint

DOs and DON’Ts for Investors

DO'sDON'Ts
Read all documents and conditions being agreed before signing the account openingDo not deal with unregistered stockbroker.
Receive a copy of KYC, copy of account opening documents and Unique Client Code.Do not forget to strike off blanks in your account opening and KYC.
Read the product / operational framework / timelines related to various Trading and Clearing & Settlement processes.Do not submit an incomplete account opening and KYC form.
Receive all information about brokerage, fees and other charges levied.Do not forget to inform any change in information linked to trading account and obtain confirmation of updation in the system.
Register your mobile number and email ID in your trading, demat and bank accounts to get regular alerts on your transactions.Do not transfer funds, for the purposes of trading to anyone other than a stock broker. No payment should be made in name of employee of stock broker.
If executed, receive a copy of Power of Attorney. However, Power of Attorney is not a mandatory requirement as per SEBI / Stock Exchanges. Before granting Power of Attorney, carefully examine the scope and implications of powers being granted.Do not ignore any emails / SMSs received with regards to trades done, from the Stock Exchange and raise a concern, if discrepancy is observed.
Receive contract notes for trades executed, showing transaction price, brokerage, GST and STT etc. as applicable, separately, within 24 hours of execution of trades.Do not opt for digital contracts, if not familiar with computers.
Receive funds and securities / commodities on time within 24 hours from pay-out.Do not share trading password.
Verify details of trades, contract notes and statement of account and approach relevant authority for any discrepancies. Verify trade details on the Exchange websites from the trade verification facility provided by the Exchanges.Do not fall prey to fixed / guaranteed returns schemes.
Receive statement of accounts periodically. If opted for running account settlement, account has to be settled by the stock broker as per the option given by the client (30 or 90days).Do not fall prey to fraudsters sending emails and SMSs luring to trade in stocks / securities promising huge profits.
In case of any grievances, approach stock broker or Stock Exchange or SEBI for getting the same resolved within prescribed timelines.Do not follow herd mentality for investments. Seek expert and professional advice for your investments.

Grievance Redressal Mechanism

Level 1 – Approach the Stock Broker at the designated Investor Grievance e-mail ID of the stock broker. The Stock Broker will strive to redress the grievance immediately, but not later than 30 days of the receipt of the grievance.

Level 2 – Approach the Stock Exchange using the grievance mechanism mentioned at the website of the respective exchange.

Complaints Resolution Process at Stock Exchange explained graphically

Timelines for complaint resolution process at Stock Exchange against brokers

S.No.ActivitiesExpected Timelines
1Receipt of ComplaintDay of complaint (C Day).
2Additional information sought from the investor, if any, and provisionally forwarded to stock broker.C + 7 Working days.
3Registration of the complaint and forwarding to the stock broker.C+8 Working Days i.e. T day.
4Amicable ResolutionT+15 Working Days.
5Refer to Grievance Redressal Committee (GRC), in case of no amicable resolution.T+16 Working Days.
6Complete resolution process post GRC.T + 30 Working Days.
7In case where the GRC Member requires additional information, GRC order shall be completed within.T + 45 Working Days.
8Implementation of GRC Order.On receipt of GRC Order, if the order is in favour of the investor, debit the funds of the stock broker. Order for debit is issued immediately or as per the directions given in GRC order.
9In case the stock broker is aggrieved by the GRC order, will provide intention to avail arbitrationWithin 7 days from receipt of order
10If intention from stock broker is received and the GRC order amount is upto Rs.20 lakhsInvestor is eligible for interim relief from Investor Protection Fund (IPF). The interim relief will be 50% of the GRC order amount or Rs.2 lakhs whichever is less. The same shall be provided after obtaining and Undertaking from the investor.
11Stock Broker shall file for arbitrationWithin 6 months from the date of GRC recommendation
12In case the stock broker does not file for arbitration within 6 monthsThe GRC order amount shall be released to the investor after adjusting the amount released as interim relief, if any.

Handling of Investor’s claims / complaints in case of default of a Trading Member / Clearing Member (TM/CM)

Default of TM/CM

Following steps are carried out by Stock Exchange for benefit of investor, in case stockbroker defaults

  • Circular is issued to inform about declaration of Stock Broker as Defaulter.

  • Information of defaulter stock broker is disseminated on Stock Exchange website.

  • Public Notice is issued informing declaration of a stock broker as defaulter and inviting claims within specified period

  • Intimation to clients of defaulter stock brokers via emails and SMS for facilitating lodging of claims within the specified period.

Following information is available on Stock Exchange website for information of investors

  • Norms for eligibility of claims for compensation from IPF

  • Claim form for lodging claim against defaulter stock broker.

  • FAQ on processing of investors’ claims against Defaulter stock broker.

  • Provision to check online status of client’s claim.

Level 3 –he complaint not redressed at Stock Broker / Stock Exchange level, may be lodged with SEBI on SCORES (a web based centralized grievance redressal system of SEBI) @ https://scores.gov.in/scores/Welcome.html

INVESTOR CHARTER FOR DEPOSITORIES AND DEPOSITORY PARTICIPANTS

Vision

Towards making Indian Securities Market - Transparent, Efficient, & Investor friendly by providing safe, reliable, transparent and trusted record keeping platform for investors to hold and transfer securities in dematerialized form.

Mission

  • To hold securities of investors in dematerialized form and facilitate its transfer, while ensuring safekeeping of securities and protecting interest of investors.

  • To provide timely and accurate information to investors with regard to their holding and transfer of securities held by them.

  • To provide the highest standards of investor education, investor awareness and timely services so as to enhance Investor Protection and create awareness about Investor Rights.

Details of Business transacted by the Depository and Depository Participant (DP)

A Depository is an organization which holds securities of investors in electronic form. Depositories provide services to various market participants – Exchanges, Clearing Corporations, Depository Participants (DPs), Issuers and Investors in both primary as well as secondary markets.

Description of services provided by the Depository through Depository Participants (DPs) to investors

Basic Services

S.No.Brief about the Activity / ServiceExpected Timelines for processing by the DP after receipt of proper documents
1Dematerialization of securities7 days
2Rematerialization of securities7 days
3Mutual Fund Conversion / Destatementization5 days
4Re-conversion / Restatementisation of Mutual fund units7 days
5Transmission of securities7 days
6Registering pledge request15 days
7Closure of demat account30 days
8Settlement InstructionDepositories to accept physical DIS for pay-in of securities up to 4 p.m. and DIS in electronic form up to 6 p.m. on T+1 day

Depositories provide special services like pledge, hypothecation, internet-based services etc. in addition to their core services and these include.

S.No.Type of Activity /ServiceBrief about the Activity / Service
1Value Added Services

Depositories also provide value added services such as Basic Services Demat Account (BSDA) - Linkhttps://www.cdslindia.com/Investors/InvestorCharter.html

TPIN facility to authorise debits - Linkhttps://www.cdslindia.com/Investors/InvestorCharter.html

Linkages with Clearing System - Linkhttps://www.cdslindia.com/Investors/InvestorCharter.html

Transposition cum dematerialization - Linkhttps://www.cdslindia.com/Investors/InvestorCharter.html

Distribution of cash and non-cash corporate benefits (Bonus, Rights, IPOs etc.), stock lending, demat of NSC / KVP, demat of warehouse receipts etc.

2Consolidated Account statement (CAS)

CAS is issued 10 days from the end of the month (if there were transactions in the previous month) or half yearly (if no transactions).

3Digitalization of provided services by the depositories

Depositories offer below technology solutions and e-facilities to their demat account holders through DPs:

E - Account Opening - Link

e-DIS / Demat Gateway - Link

e- CAS Facility - Link

Miscellaneous Services - Link

Details of Grievance Redressal Mechanism (DP)

The process of investor grievance redressal

S.No.Type of Activity /ServiceBrief about the Activity / Service
1Investor Complaint/ Grievances

Investor can lodge complaint/ grievance against the Depository/DP in the following ways:

a) electronic mode - SCORES (a web based centralized grievance redressal system)https://www.scores.gov.in/scores/Welcome.html

Respective Depository's web portal dedicated for the filing of complianthttps://www.cdslindia.com/Footer/grievances.aspx

Emails to designated email IDs of Depository 'complaints@cdslindia.com'

b) Offline mode - For tracking of your grievance, we request you to submit the same online.

The complaints/ grievances lodged directly with Depository the shall be resolved within 30 days.

2Investor Grievance Redressal Committee of Depository

If no amicable resolution is arrived, then the Investor has the option to refer the complaint/ grievance to the Grievance Redressal Committee (GRC) of the Depository. Upon receipt of reference, the GRC will endeavour to resolve the complaint/ grievance by hearing the parties and examining the necessary information and documents. - Link

3Arbitration proceedings

The Investor may also avail the arbitration mechanism set out in the Byelaws and Business Rules/Operating Instructions of the Depository in relation to any grievance, or dispute relating to depository services. The arbitration reference shall be concluded by way of issue of an arbitral award within 4 months from the date of appointment of arbitrator(s). Link

For the Multi-level complaint resolution mechanism available at the Depositories, please refer to Link

Guidance pertaining to special circumstances related to Market activities: Termination of the Depository Participant

S.No.Type of Activity /ServiceTimelines for the Activity/ Service
1

Depositories also provide value added services such as:

* Depositories to terminate the participation in case a participant no longer meets the eligibility criteria and/or any other grounds as mentioned in the bye laws like suspension of trading member by the Stock Exchanges.

* Participant surrenders the participation by its own wish.

Client will have a right to transfer all its securities to any other Participant of its choice without any charges for the transfer within 30 days from the date of intimation by way of letter/email.

Dos and Don’ts for Investors

For Dos and Don’ts please refer to the Link

Rights of Investors

For rights, please refer to the Link

Responsibilities of Investors

For responsibilities, please refer to the Link

Annexure B – Information Contained in Links to the Investor Charter For Depositories and DPs

This document contains the contents pertaining to the qualifier “https://www.cdslindia.com/Investors/InvestorCharter.html” in the Investor Charter main document. The same is to be made available by the Depositories on their websites and web-links to the same is to be provided for incorporation in the Investor Charter.

Point No: 4 (2) of Investor Charter

Sub Point 1: Value Added Services

Basic Services Demat Account (BSDA): The facility of BSDA with limited services for eligible individuals was introduced with the objective of achieving wider financial inclusion and to encourage holding of demat accounts. No Annual Maintenance Charges (AMC) shall be levied, if the value of securities holding is upto Rs. 50,000. For value of holdings between Rs 50,001- 2,00,000, AMC not exceeding Rs 100 is chargeable. In case of debt securities, there are no AMC charges for holding value upto Rs 1,00,000 and a maximum of Rs 100 as AMC is chargeable for value of holdings between Rs 1,00,001 and Rs 2,00,000.

TPIN Facility: Due to a change in regulation by CDSL, if you are a non-POA customer, you’ll now have to use the CDSL TPIN and OTP instead of your PIN and authorise the debit of securities from your demat account against a delivery sale transaction.

You would have received the CDSL TPIN to your registered mobile and email address (from edis@cdslindia.com) with CDSL.

Transposition cum dematerialization: In case of transposition-cum dematerialisation, client can get securities dematerialised in the same account if the names appearing on the certificates match with the names in which the account has been opened but are in a different order. The same may be done by submitting the security certificates along with the Transposition Form and Demat Request Form.

Linkages with Clearing System: For actual delivery of securities to the clearing system from the selling brokers and delivery of securities from the clearing system to the buying broker.

Point No: 4 (2) of Investor Charter

Sub Point 3: Digitization of services provided by the depositories

E-account opening: Account opening through digital mode, popularly known as “On-line Account opening”, wherein investor intending to open the demat account can visit DP website, fill in the required information, submit the required documents, conduct video IPV and demat account gets opened without visiting DPs office.

Online instructions for execution: internet-enabled services like Speed-e (NSDL) & Easiest (CDSL) empower a demat account holder in managing his/her securities 'anytime-anywhere' in an efficient and convenient manner and submit instructions online without the need to use paper. These facilities allow Beneficial Owner (BO) to submit transfer instructions and pledge instructions including margin pledge from their demat account. The instruction facilities are also available on mobile applications through android, windows and IOS platforms.

e-DIS / Demat Gateway: Investors can give instructions for transfer of securities through e-DIS apart from physical DIS. Here, for on-market transfer of securities, investors need to provide settlement number along with the ISIN and quantity of securities being authorized for transfer. Client shall be required to authorize each e-DIS valid for a single settlement number / settlement date, by way of OTP and PIN/password, both generated at Depositories end. Necessary risk containment measures are being adopted by Depositories in this regard.

e-CAS facility: Consolidated Account Statements are available online and could also be accessed through mobile app to facilitate the investors to view their holdings in demat form.

Miscellaneous services: Transaction alerts through SMS, e-locker facilities, chatbots for instantaneously responding to investor queries etc. have also been developed.

Point No: 5 (1) of Investor Charter

Sub Point 2: Investor Grievance Redressal Committee of Depository

If no amicable resolution is arrived, then the Investor has the option to refer the complaint/ grievance to the Grievance Redressal Committee (GRC) of the Depository. Upon receipt of reference, the GRC will endeavour to resolve the complaint/ grievance by hearing the parties and examining the necessary information and documents.

Sub Point 3: Arbitration Proceedings

The Investor may also avail the arbitration mechanism set out in the Byelaws and Business Rules/Operating Instructions of the Depository in relation to any grievance, or dispute relating to depository services. The arbitration reference shall be concluded by way of issue of an arbitral award within 4 months from the date of appointment of arbitrator(s).

Point No: 5 (2) of Investor Charter

Complaint Resolution process at Depositories

Complaint Process

Point No: 7 of Investor Charter

DOs and Don’ts for Investor

S.No.Guidance
1Always deal with a SEBI registered Depository Participant for opening a demat account.
2Read all the documents carefully before signing them.
3Before granting Power of attorney to operate your demat account to an intermediary like Stockbroker, Portfolio Management Services (PMS) etc., carefully examine the scope and implications of powers being granted.
4Always make payments to registered intermediary using banking channels. No payment should be made in name of employee of intermediary.
5Accept the Delivery Instruction Slip (DIS) book from your DP only (pre-printed with a serial number along with your Client ID) and keep it in safe custody and do not sign or issue blank or partially filled DIS slips
6Always mention the details like ISIN, number of securities accurately. In case of any queries, please contact your DP or broker and it should be signed by all demat account holders.
7Strike out any blank space on the slip and Cancellations or corrections on the DIS should be initialed or signed by all the account holder(s).
8Do not leave your instruction slip book with anyone else.
9Do not sign blank DIS as it is equivalent to a bearer cheque.
10Inform any change in your Personal Information (for example address or Bank Account details, email ID, Mobile number) linked to your demat account in the prescribed format and obtain confirmation of updation in system.
11Mention your Mobile Number and email ID in account opening form to receive SMS alerts and regular updates directly from depository.
12Always ensure that the mobile number and email ID linked to your demat account are the same as provided at the time of account opening/updation.
13Do not share password of your online trading and demat account with anyone.
14Do not share One Time Password (OTP) received from banks, brokers, etc. These are meant to be used by you only
15Do not share login credentials of e-facilities provided by the depositories such as e-DIS/demat gateway, SPEED-e/easiest etc. with anyone else.
16Demat is mandatory for any transfer of securities of Listed public limited companies with few exceptions.
17Keep a record of documents signed, DIS issued and account statements received.
18As Investors you are required to verify the transaction statement carefully for all debits and credits in your account. In case of any unauthorized debit or credit, inform the DP or your respective Depository.
19Appoint a nominee to facilitate your heirs in obtaining the securities in your demat account, on completion of the necessary procedures.
20Register for Depository's internet-based facility or download mobile app of the depository to monitor your holdings.
21Ensure that, both, your holding and transaction statements are received periodically as instructed to your DP. You are entitled to receive a transaction statement every month if you have any transactions.
22Do not follow herd mentality for investments. Seek expert and professional advice for your investments.
23Beware of assured/fixed returns.
24If you have any grievance in respect of your demat account, please write to designated email IDs of depositories or you may lodge the same with SEBI online at https://scores.gov.in/scores/Welcome.html

Point No: 8 of Investor Charter

Rights of Investors

1Receive a copy of KYC, copy of account opening documents.
2No minimum balance is required to be maintained in a demat account.
3No charges are payable for opening of demat accounts.
4If executed, receive a copy of Power of Attorney. However, Power of Attorney is not a mandatory requirement as per SEBI / Stock Exchanges. You have the right to revoke any authorization given at any time.
5You can open more than one demat account in the same name with single DP/ multiple DPs.
6Receive statement of accounts periodically. In case of any discrepancies in statements, take up the same with the DP immediately. If the DP does not respond, take up the matter with the Depositories.
7Pledge and /or any other interest or encumbrance can be created on demat holdings.
8Right to give standing instructions with regard to the crediting of securities in demat account.
9Investor can exercise its right to freeze/defreeze his/her demat account or specific securities / specific quantity of securities in the account, maintained with the DP.
10In case of any grievances, Investor has right to approach Participant or Depository or SEBI for getting the same resolved within prescribed timelines.
11Every eligible investor shareholder has a right to cast its vote on various resolutions proposed by the companies for which Depositories have developed an internet based 'e-Voting' platform.
12Receive information about charges and fees. Any charges/tariff agreed upon shall not increase unless a notice in writing of not less than thirty days is given to the Investor.

Point No: 9 of Investor Charter

Responsibilities of Investors

1Deal with a SEBI registered DP for opening demat account, KYC and Depository activities.
2Provide complete documents for account opening and KYC (Know Your Client). Fill all the required details in Account Opening Form / KYC form in own handwriting and cancel out the blanks
3Read all documents and conditions being agreed before signing the account opening form.
4Accept the Delivery Instruction Slip (DIS) book from DP only (preprinted with a serial number along with client ID) and keep it in safe custody and do not sign or issue blank or partially filled DIS.
5Always mention the details like ISIN, number of securities accurately.
6Inform any change in information linked to demat account and obtain confirmation of updation in the system.
7Regularly verify balances and demat statement and reconcile with trades / transactions.
8Appoint nominee(s) to facilitate heirs in obtaining the securities in their demat account.
9Do not fall prey to fraudsters sending emails and SMSs luring to trade in stocks / securities promising huge profits.

Investor Complaint Redressal Mechanism

Objective

We believe that Investor service is a vital element for sustained business growth and we want to ensure that our Investors receive exemplary service across different touch points. Prompt and efficient service is essential for retaining existing relationships and therefore Investor satisfaction becomes critical to us. This policy details grievance handling through a structured grievance redressal framework.

Policy

Where the Client has got any grievances, at branch level or HO level, he/she should first promptly notify the same to the Compliance Officer of our company in writing so as to reach our registered office or through email to our Investor Grievance Cell stating the nature and value (if any) of the grievance along with the relevant supporting documents. All the Grievances are time bound and the clients should strictly adhere to such limitation of time.

Compliance Officer: Rakhesh Raghunath

Email ID: compliance@wealthy.in

1The company has a designated investor grievances email id compliance@wealthy.in on which the client or investor can make a complaint.
2An Investor / client can make a written complaint through letter also.
3The Company maintains investor grievance register in which full detail of every written complaint shall entered.
4Designated person shall login the designated investor grievances email id on daily basis to look after the investor complaint whether new complaint has been lodged or not.
5The full detail of the written complaint must be passed to the concerned department and inform the compliance officer of the company as soon as it is received.
6A letter or mail must be written to all the investor who have submitted written complaints by the designated person or Compliance Officer acknowledging receipt of the complaint and informing them it will be dealt with.
7Compliance Department will obtain all information available on the complaint which is considered necessary for a proper investigation. Look into all the necessary information and resolve the as soon as possible.
8There is standing policy of the company to resolve the investor complaint within seven days of the receipt of the same expect the complicated case.
9A serious complaint (where the written response does not settle the issue) must be referred to the Designated Director of the company.
10The Compliance Officer of the Company shall review the investor complaint register on weekly basis to find out whether complaint has been resolved within time or not.

If not satisfied with the resolution of the Grievances, the client may approach the concerned Stock Exchange (s) at the following

ExchangeWebsiteContact NoEmail ID
BSEwww.bseindia.com022-22728517dis@bseindia.com
NSEwww.nseindia.com1800-266-0058ignse@nseindia.co.in
DP - CDSLwww.cdslindia.com1800-22-5533complaints@cdslindia.com

After approaching us and the Exchanges, if client is not satisfied, he/she can lodge the grievances with SEBI at http://scores.gov.in.

Toll Free Helpline at 1800 22 7575 / 1800 266 7575.

Policy Review

This policy may be reviewed as and when there are any changes introduced by any statutory authority or as and when it is found necessary to change the policy due to business needs.