Opening an account with SNSF is quick and easy. 1. Navigate to the “Open an Account” button on the Home page of the website. 2. Use the e-KYC tool, fill in all the required details and upload the necessary documents. 3. Upon verification these details, your account will be active and you can start your investing journey.

Yes. Porting management of an existing DEMAT account involves a few additional steps to protect the investor. Get in touch with our customer service team on help@namansec.com and we will guide you through the process.

Maintaining a DEMAT account is like maintaining a bank account for your shares. Having multiple accounts may benefit you depending on your requirements. Multiple accounts will lead to maintaining and compliance associated with multiple accounts. Also, it would split your holdings into multiple accounts.

Margin money is a requirement of the Securities and Exchange Board of India (SEBI). It is the amount of money a Client needs to keep as a credit balance with the Clearing Corporation (CC) to be able to make a trade. Margin money can vary from script to script and from segment to segment (such as Equity Cash, Equity F&O, Currency, Commodity). Margin money can range from 10% to 100% of the trade value. Margin Money is calculated by the exchange. Any shortfall in the margin arising from Mark to Market (M2M) loss, must be paid immediately by the Client.

Yes. Without adequate margin money credited to the CC, a trade can not be executed as stipulated by the SEBI.

During the KYC process, a single Bank Account will be registered with SNSF. This Bank Account must be owned by you. It will be known as your Designated Bank Account. All payments to settle trades will be processed through this account only.

Yes. You can login to your DEMAT account and view your holdings in real time. Furthermore, you will receive a Statement of Holdings at the end of every trading week from SNSF.

The settlement period for a trade in the Equity markets is T+1. Here, T stands for the date the trade was executed. Therefore, all trades and dues are cleared within 1 working day from the date of execution.

SEBI stands for the Securities and Exchange Board of India. SEBI is the premier regulatory authority for the stock markets and other investment activities. To know more about SEBI, visit their website www.SEBI.gov.in

If you have a concern about the service we have provided, you may escalate your complaint by contacting us on the phone number given in our Contact Us section or write to us at help@namansec.com with your detailed complaint. We will ensure to offer you a speedy resolution.

Online Dispute Resolution is a mechanism for addressing the investor's complaints. 1. SEBI’s Online Resolution of Disputes in the Indian Securities Market: o SEBI (Securities and Exchange Board of India) has introduced an online dispute resolution (ODR) mechanism for investors. You can find detailed information in this circular. (SEBI | Online Resolution of Disputes in the Indian Securities Market) o The ODR portal allows you to raise complaints related to stockbrokers and other market intermediaries. 2. NSE (National Stock Exchange) Investor Service Portal - Nice Plus: o To file a complaint against stockbrokers or trading members, you can use the NSE’s online investor service portal called Nice Plus. o Register on Nice Plus using your Permanent Account Number (PAN) and provide details such as your name, contact number, and permanent address. (Register on Nice Plus using your Permanent Account Number (PAN) and provide details such as your name, contact number, and permanent address) 3. SCORES (SEBI Complaints Redress System): o Investors can lodge complaints against stockbrokers through SCORES, which is SEBI’s centralized web-based system. o Visit the SCORES portal to register your complaint. (SCORES portal) 4. Online Dispute Resolution (ODR) Portal: o If your issue remains unresolved, consider using the ODR Portal. Log in with your PAN and mobile number to initiate the dispute resolution process, which may involve mediation, arbitration, or adjudication. (Log in with your PAN and mobile number to initiate the dispute resolution process, which may involve mediation, arbitration, or adjudication) Remember to keep relevant documents and details handy when filing a complaint. These mechanisms aim to ensure fair and efficient resolution for investors in the Indian securities market.

CUSPA stands for Client Unpaid Securities Pledged Account. It is a mechanism used in stock broking to manage and secure unpaid securities that a client has purchased but not yet paid for in full. It is regulatory framework introduced by SEBI vide its circular CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated 20th June 2019.

The CUSPA account is created to pledge securities that the Client has purchased but not paid for fully. The Securities are pledged to the broker via an Auto Pledge system Upon receipt of the payment from the client, the broker will unpledge the securities and it will reflect as "Free Balance" in the Client's holding statement If the payment for the Securities is not received, the broker can dispose of the Securities to recover the outstanding

The timelines to pay for the unpaid securities are: Payout date + 5 working days (T+6 days) If the payment is not received by 3pm on the due date, the said securities will be sold by the broker on the open market to recover the unpaid amount

Securities worth the Unpaid or Debit balance amount + a haircut margin as specified from time to time are pledged to the CUSPA account.

The charges associated with the CUSPA account are as follows: Auto Pledging Amount = 25/- + 18% GST per ISIN Auto Unpledging Amount = 25/- + 18% GST per ISIN

Sure. To better understand how the CUSPA system works, please refer to the example below: 1. Your Beginning of the Day (BOD) balance in the ledger is +10,000/- 2. You purchase 15,000/- worth of securities as on 3:30pm on T Day 3. Your debit balance is 15,000 - 10,000 = 5,000/- as on End of Day (EOD) on T Day 4. Securities worth 5,000/- + a haircut margin will be pledged to the CUSPA account 5. If you make a payment for the 5,000/- worth of securities + all charges on the T+6th day, the securities will be unpledged from the CUSPA account and will show as a "Free Balance" in your holding account 6. If you do not make a payment of 5,000/- + all charges on the T+6th day, the securities pledged in the CUSPA account will be sold in the market to recover the debit balance (5,000/- in this case) + all applicable charges

Brokers will primarily handle the trade execution, while the clearing corporation will manage the direct transfer of securities to the investor's demat account. Brokers will still be expected to mark any securities as pledged for CUSPA, MTF or any other facility. They will also be one point contact for making any changes to the DEMAT account.

Yes, the Direct Payout of Securities mechanism applies to all securities traded on the stock exchange, including equity shares, bonds, and mutual funds.

Under the new Direct Payout of Securities Mechanism, every broker is mandated by the SEBI to mark one DEMAT account per UCC (Unique Client Code) as the “Primary” DEMAT account. All transactions executed by said Broker will be credited to the Primary DEMAT account of the Client.

You would have to carry out an off-market transfer. The payout of securities will only happen in the DEMAT account that is marked as Primary.

Loan Against Shares (LAS) is a type of secured loan where investors pledge their shares as collateral to secure a loan. The loan amount is usually a percentage (upto 50%) of the market value of the pledged shares

Pledge Shares: Investors pledge their shares with a financial institution. Loan Disbursal: The lender disburses the loan amount based on the value of the pledged shares. Interest Payment: Investors pay interest only on the amount utilized, not the entire loan sanctioned amount. Repayment: The loan can be repaid to un-pledge the shares. For Example: You are an Investor with a portfolio worth Rs. 1,00,000/-. Your LAS eligibility against the portfolio would be maximum 50% i.e. Rs. 50,000/-. This is the amount of loan sanctioned. If you utilise Rs. 25,000/- from the sanctioned amount, you will be charged Interest only on Rs. 25,000/-

No Selling of Shares: Investors retain ownership of their shares and continue to earn dividends. Quick Access to Funds: Loans can be disbursed quickly, providing immediate liquidity. Flexible Tenure: Loans can have flexible repayment terms, often ranging from a few months to several years. Higher Loan Amounts: Loans can be substantial, often up to 50% of the value of the pledged shares. Competitive Interest Rates: Interest rates are competitive compared to unsecured loans.

Indian Nationals: Must be Indian citizens. Age Requirement: Above 18 years old. Portfolio Value: Minimum portfolio value required is Rs. 25,000. Demat Account: Must have a Demat account with shares in it

If the value of the pledged shares decreases, the lender may ask for additional collateral or adjust the loan amount accordingly

Yes, early repayment of the loan is possible without any penalties.

Market Risk: If the share value decreases significantly, the lender may ask for additional collateral. Interest Costs: While interest rates are competitive, they can still add up over time.

The Interest Rate currently is 11.25% per annum. This rate is subject to change.

Yes, this is a unique feature of loan against securities. You enjoy all the benefits of being an investor like dividend or bonus, while your shares/mutual fund units are pledged for loan purpose.

No, currently we deal with, shares, MF, Bonds/FMP's as selected by the company.

You can pledge your own securities, or those of your blood relative (parents, spouse, children and siblings only) above 18 years of age. If you are pledging securities that belong to anyone other than yourself, the security holder must be a signatory to the overdraft agreement as a Co-Applicant. Please check for eligibility.

The loan amount ranges up to Rs. 40 crores. On specific approved scripts, we may finance as single script finance based on terms and conditions being met and approved.

Yes, all the shares must be in the Demat form only. Mutual fund units can be in Demat or in physical form.

An overdraft (Revolving credit facility) account will be set up with our partner firm. This account will have a certain drawing limit, which you can utilize as and when required. Drawing limit depends upon the quality and quantity of the shares/mutual fund units pledged/liened by you.

Yes, you may pledge more securities to increase the drawing power of your account. It will take 2 business days for the drawing power to change. You can change the Depository Participant (DP), but the Sanction Limit cannot be changed. The TAT (turnaround time) will be a maximum of 2 days. TAT for funding against MF units may varies from 5-7 days.

A monthly notification will be given, informing you about the interest due. You can make the payment through ECS/Cheque/Pay Order/Demand Draft.

It takes less than 4 days to sanction the loan

Yes, you can make part-prepayment of your loan any time after 3 months.

Simply open an account with SNSF GIP by clicking on the link. Fill out the details, load your account and begin your Global Investing journey

Opening an Account is as simple as following the steps mentioned below: Click on the Sign Up link on the GIP Page Fill in the details Verify your Mobile Number and Email ID Fill out the form Submit the form Wait for Approval Load your Account with Funds Begin your Global Investing journey

The deposit made by the Customer is converted to USD by the Bank and transferred to the INX GA pool account. Your deposit is secured upto $500,000 by the SPIC(https://www.sipc.org). Your deposits are visible in the “Funds” section in your account

Yes. The rules laid out in the Union Budget 2023 along with subsequent notifications, state that any transaction that comes under the umbrella of the Liberalised Remittance Scheme (LRS) is subject to a 20% Tax Collected at Source (TCS) levy. You can fund your SNSF GIP account up to Rs 7 lakh without TCS till 30th June 2023. From 1st July 2023 banks will deduct 20% TCS (Tax Collection at Source) on LRS remittance for investment in foreign stocks. The Union Budget 2023 proposes a Tax Collection at Source (TCS) for foreign outward remittance under LRS (other than for Education and medical purpose) of 20% applicable from July 1, 2023. Before this proposal, the TCS of 5% was applicable on foreign outward remittances above INR 7 lakhs in a financial year. The TCS deducted by the banks can be adjusted against the tax payable while filing income tax returns (ITR). Example: An individual wants to remit Rs. 2 lacs. A TCS of Rs. 40,000 will be deducted. While computing his/ her advance taxes or filing income tax returns, his overall tax liability is Rs. 2,00,000. As per the Income Tax rules, the individual can adjust the TCS against the overall tax liability. This means that the individual's net tax liability will be Rs. 1,60,000. Please refer to the below article available publicly for information on TCS: Foreign Remittance Tax: Is There Any Tax on Foreign Remittance? (cleartax.in) 20% TCS on foreign remittances under LRS: Finance Ministry answers five important questions - The Economic Times (indiatimes.com) We suggest you consulted from your tax advisor for more clarifications.

Absolutely nothing. The Bank will handle all the Compliance associated with the 20% TCS. You can approach your Bank for more details.

You can check your Stock holdings by clicking on the “Portfolio” section under “Positions”

Taxation queries vary from individual to individual and investment location to investment location. It is better to seek professional help from a tax professional.

The first withdrawal in a calendar month is free. Every subsequent withdrawal is charged at US$10.

You must report all US stock investments in your Indian Income Tax Return (ITR), even if you haven't made any gains or losses. Use Schedule FA to declare foreign assets, Schedule FSI for foreign-sourced income, and Form 67 to claim foreign tax credits.

Yes, you must pay tax on both capital gains and dividends from US stocks in India. For capital gains, if you hold stocks for more than 24 months, you'll pay 12.5% LTCG tax. For shorter periods, gains are added to your income and taxed at your slab rate. Dividends face a 25% withholding tax in the US.

The Client needs to fill in a Know You Client (KYC) form as prescribed by Securities and Exchange Board of India (SEBI). This prospect needs to provide basic information like Name, Address, Telephone and Email address in the form. The following documents need to be submitted: Affix A Photograph on the Know You Client (KYC) form with signature across it. Permanent account number from Income Tax dept. of India called Pan card. Photocopy of passport Proof of foreign residence as well as Indian residence . This could be something like driving license, photocopy of Social security card etc. Proof of Demat account; alternately you can also open demat account with Naman as we are a member of the Central Depository Services Limited (CDSL). Bank account details.

As per the Indian immigration law, a person residing out of India & holding an Indian passport is called an NRI. The Govt. of India has introduced a new identity & recognizes it as Person of India Origin (PIO) where a person whose forefathers were Indian citizens and have now settled in foreign countries. Their children are now treated as PIO.

Any person residing out of India & holding a Person of India Origin (PIO) or Non-resident Indian (NRI) status can invest in Indian Equity market. Currently, Reserve Bank of India (RBI) has banned Oversea Corporate Bodies (OCB) from investing afresh in the Indian market. However if they are holding old investments they can continue to do so or they can sell on the Indian Bourse.