Neobank problems, pay-as-you-drive, invest in auto sector, regulatory risks, and Prashant Jain exit

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Neobank-problems-23-July

Published On:- 22 Jul, 2022

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Standard disclaimer: Mutual fund investments are subject to market risks and past returns are not a guarantee of future returns.

Our take on disclaimer: Yes, investing is a risky subject and you may also lose money. But each one of us is losing more money by not participating in markets. Key to good investing is asset allocation, discipline and avoiding bad apples. After that, volatility or ups and downs is the second nature of the market. Sticking to your asset allocation and avoiding that animal called greed is the best way to ensure that your money grows and grows well.

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ARN Valid Till : 20-Nov-2027

For SAI/SID/KIM of funds refer:Mutual Fund Filings

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Website Details: NSE/BSE/SEBI/CDSL/SCORES/AMFI

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing WealthyIN Broking Private Limited, Registered Office: PN Plaza, 1090/B, Ground Floor, 18th Cross Road, 3rd Sector, HSR Layout, Bengaluru - 560 102, Karnataka, India Phone: +080- 48520671 website: www.wealthy.in For partner queries:partner.support@wealthy.in For investor queries: customer.support@wealthy.in, for grievances: wbgrievance@wealthy.in Compliance Officer (Stock Broker & DP): Mr. Nisarg Bharat Ajmera Email: compliance@wealthy.in, For DP related to customer.support@wealthy.in, please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI Corporate Identity Number: U67110KA2022PTC159371, SEBI Stock Broker Registration No: INZ000308532, Depository Participant: IN-DP- 737-2022 Member: NSE TM ID 90293, BSE TM ID 6798, RA License - SEBI Reg No: INH000012175.

Attention Investors

1. Submission of nomination details/declaration for opting out of nomination for investors is mandatory for all individual Trading and Demat accounts. If you have not submitted your choice of nomination, please provide the same on or before 30th September 2023, failing which the trading account shall be frozen for trading and demat account shall be frozen for debits.

2. Linking PAN with Aadhaar is mandatory !. To avoid restrictions in operating your demat & trading account, please link your PAN with Aadhaar.

3. 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.

4. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors

5. ASBA - No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

6. We would like to bring to your attention that unauthorised / illegal SMSs maybe sent in the name of WealthyIN, recommending certain scripts. We advise you to exercise caution and verify its authenticity before you act on a recommendation received via SMS or email.All SMSs/ email recommendations for the day that are sent by WealthyIN, can be verified by visiting our trading site.

7. Message from Exchanges and Depositories : The mentioned 6 KYC attributes ( Name, Address, PAN, valid Mobile number , valid Email id & Income Range) shall be mandatory in a client profile w.e.f August 1’st 2021 for newly registered clients and September 30,2021 for existing clients. Accounts without the mentioned 6 KYC attributes shall be considered as non-compliant accounts. Issued in the interest of investors.

8. Investors are requested to note that Stockbroker M/s WealthyIN Broking Private Limited is permitted to receive/pay money from/to investors through designated bank accounts only named as client bank accounts. Stockbroker M/s WealthyIN Broking Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stockbroker.
Bank Details

9. 1). Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. 2). Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3). Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month........... Issued in the interest of Investors"

What is SCORES?

SCORES is an online platform designed to help investors to lodge their complaints, pertaining to the securities market, online with SEBI against listed companies and SEBI registered intermediaries. All complaints received by SEBI against listed companies and SEBI registered intermediaries are dealt through SCORES. Filing complaints on SCORES – Easy & quick a. Register on SCORES portal b. Mandatory details for filing complaints on SCORES : i. Name, PAN, Address, Mobile Number, Email ID c. Benefits : i. Effective communication ii. Speedy redressal of the grievances

Procedure for filing a complaint on a designated email id & finding out status of the complaint etc.:- The client has to send an email to wbgrievance@wealthy.in to register a complaint. The status of the complaint will be provided to the client upon asking over the thread mail.

Advisory for investors

Segregation and Monitoring of Collateral at Client Level from NSE Clearing Ltd

Measures have been implemented from NSE Clearing Ltd to create awareness among the clients. NSE Clearing has provided a web portal facility to allow clients to view their disaggregated collateral placed with Member and as reported by their registered Trading Member /Clearing Member. To access collateral details, NSE Clearing Ltd. (NCL) has made available a registration link and viewing facility on their website.
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