Upstox Securities Pvt. Ltd. is a financial services company that provides trading and investment services to its clients. The company is registered with the Securities and Exchange Board of India (SEBI) and has a SEBI registration number of INZ000315837. Upstox is a wholly-owned subsidiary of RKSV Securities India Private Limited, and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.
The company has provided its contact details, including its registered address, correspondence address, and contact numbers for its compliance officers. Clients can reach out to the company for any complaints or grievances through email or phone. Upstox has also provided the procedure for filing a complaint on the SEBI SCORES portal, which includes registering on the portal and providing mandatory details such as name, PAN, address, mobile number, and email ID.
The company has also cautioned its clients about the risks involved in investing in the securities market, including market risks and the potential for losses. Upstox has advised its clients to carefully read the Risk Disclosure Document and other related documents before investing. The company has also provided information about its brokerage charges, which will not exceed the SEBI-prescribed limit.
Upstox has also warned its clients about the risks of trading in derivatives, including equity futures and options. The company has stated that 9 out of 10 individual traders in the equity futures and options segment incur net losses, and that the average loss maker incurs a net trading loss of around ₹50,000. Upstox has also advised its clients to be cautious when dealing with unauthorised collective investments or portfolio management schemes, and to avoid sharing their trading credentials or strategies with others.
The company has also provided information about its mutual fund products, which are powered by Morningstar research data. Upstox has advised its clients to carefully read the offer documents before investing in mutual funds, and has stated that the company will not accept any liability arising out of its clients’ investments.
In addition, Upstox has provided information about the importance of updating KYC details and preventing unauthorised transactions in demat and trading accounts. The company has also advised its clients to be cautious when dealing with unauthorised investment advisors or influencers, and to avoid sharing their trading credentials or strategies with others.
Overall, Upstox Securities Pvt. Ltd. is a financial services company that provides trading and investment services to its clients. The company has provided its contact details, cautioned its clients about the risks involved in investing in the securities market, and advised them to carefully read the related documents before investing. Upstox has also provided information about its mutual fund products, the importance of updating KYC details, and the need to prevent unauthorised transactions in demat and trading accounts.