Upstox Securities Private Limited, a subsidiary of RKSV Securities India Private Limited, operates in accordance with regulations set by SEBI. It holds a SEBI registration number INZ000315837 and is recognized by both NSE and BSE. The company's compliance officer, Mr. Kapil Jaikalyani, oversees adherence to these regulations, while customer inquiries can be directed to a specific email address or phone number.
RKSV Commodities India Private Limited operates alongside Upstox, known for its SEBI registration number INZ000015837. Under the management of Mr. Amit Lalan, the company services clients with the same commitment to compliance, ensuring that both entities maintain high standards of accountability. Both Upstox and RKSV recommend using the complaints portal, SCORES, to address customer grievances effectively. Clients are required to register and provide personal information such as name, PAN number, and contact details to submit complaints. Utilizing this service can lead to timely resolutions and better communication between investors and the firms.
Investment in securities, however, carries inherent risks, and potential investors should review the provided Risk Disclosure Document along with the Terms of Use and Privacy Policy. Statistics indicate that a significant majority of individual traders suffer losses in the equity Futures and Options segments, with many reporting net trading losses averaging close to ₹ 50,000. Furthermore, those achieving profits often incur substantial transaction costs, ranging from 15% to 50% of their earnings, which underscores the importance of informed trading.
Investors should also remain vigilant against unauthorized schemes and practices, as highlighted by multiple regulatory advisories. They are advised against sharing sensitive trading information and engaging in trades based on unsolicited tips, especially from unverified sources. As investments can change rapidly, individuals are encouraged to stay updated with their KYC information and account security measures. An essential step to enhance security includes updating mobile numbers and email addresses with brokers to receive alerts on transactions directly from the exchange.
In adherence to SEBI regulations, equity investors no longer need to issue cheques when applying for IPOs. Instead, they can authorize banks to make payments upon allotment through a simple application form process. Monitoring securities through monthly Consolidated Account Statements (CAS) is also advised to maintain a clear overview of investments.
Additionally, SEBI has launched an Online Dispute Resolution (ODR) portal aimed at simplifying dispute resolutions for investors and companies alike. This initiative represents an effort to enhance investor protection and improve the overall efficiency of the complaint resolution process. Individuals interested in using this service can access the ODR portal online.
In conclusion, managing investments wisely requires careful attention to regulations, vigilance against fraud, and active engagement with authorized services for complaint resolution. Upstox and RKSV encourage potential investors to conduct thorough research and utilize available resources to foster a secure trading environment.