What to expect from a stock broker? What are your rights?
A stock broker is obligated to give you prompt and efficient service, make timely payment and give delivery of shares. He is required to execute your orders on the stock exchange with utmost sincerity and exercise due diligence. He is also obligated to issue you contract notes indicating your transactions for the day. Insist on this. Always be aware of your rights.

STOCK BROKERS

What are the services offered by stock brokers?
Stock brokers offer services such as buying and selling on behalf of investors. They also provide advisory services. If stock brokers are also registered as a portfolio manager, they can offer PMS services. Some of the bigger brokers also publish their own research reports which are available at a cost for investors.

What to expect from a stock broker? What are your rights?
A stock broker is obligated to give you prompt and efficient service, make timely payment and give delivery of shares. He is required to execute your orders on the stock exchange with utmost sincerity and exercise due diligence. He is also obligated to issue you contract notes indicating your transactions for the day. Insist on this. Always be aware of your rights.

What are your obligations?
As an investor, it is your obligation to carry out necessary due diligence before purchasing or selling shares. Due exercise care and caution and not be misled by rumors and hearsay. Make timely payment to your stock broker in case of purchase of shares and give deliveries to him well before pay-in in case of sale of shares by you. This is important otherwise your positions may be auctioned or closed out and you may have to suffer heavy losses.

What to expect from a stock broker? What are your rights?
A stock broker is obligated to give you prompt and efficient service, make timely payment and give delivery of shares. He is required to execute your orders on the stock exchange with utmost sincerity and exercise due diligence. He is also obligated to issue you contract notes indicating your transactions for the day. Insist on this. Always be aware of your rights.
What are your obligations?
As an investor, it is your obligation to carry out necessary due diligence before purchasing or selling shares. Due exercise care and caution and not be misled by rumors and hearsay. Make timely payment to your stock broker in case of purchase of shares and give deliveries to him well before pay-in in case of sale of shares by you. This is important otherwise your positions may be auctioned or closed out and you may have to suffer heavy losses.
What to do in case of a dispute?
If there is a dispute between you and your stock broker, bring the facts of the case immediately to the notice of stock broker. Follow it up with written complaints if the same is not resolved within reasonable time. If still nothing is done, write to the investor grievance cell of the stock exchange of which he is the member with all the facts of the case and necessary documents. Follow it up. You can also write to SEBI if your complaint is not resolved. It is possible for you to write your complaints online. You may get the relevant details from the websites of stock exchanges

What to expect from a stock broker? What are your rights?
A stock broker is obligated to give you prompt and efficient service, make timely payment and give delivery of shares. He is required to execute your orders on the stock exchange with utmost sincerity and exercise due diligence. He is also obligated to issue you contract notes indicating your transactions for the day. Insist on this. Always be aware of your rights.

What are your obligations?
As an investor, it is your obligation to carry out necessary due diligence before purchasing or selling shares. Due exercise care and caution and not be misled by rumors and hearsay. Make timely payment to your stock broker in case of purchase of shares and give deliveries to him well before pay-in in case of sale of shares by you. This is important otherwise your positions may be auctioned or closed out and you may have to suffer heavy losses.

Open a broking account with a registered stock broker. You can also open an internet trading account and start trading by click of a mouse. A large number of brokers such as ICICI Web-trade, Motilal Oswal Securities, Geojit Securities etc. are offering e-broking services.
Submit your details and sign the broker client agreement with your broker. This is mandatory.
Open a Demat account with any of the Depository particiapants registered with NSDL or CDSL. If your broker is also a DP, you can open the DP account with him also. Sign the relevant papers and execute agreement.
Don’t deal with unregistered intermediaries, as this would expose you to counter party risk and may lead to losses without any stock exchange recourse for remedy.
Give clear and unambiguous instructions to your Broker / Sub-broker.
Keep a record of all instructions issued to the Broker / Sub-broker.
Insist on a contract note issued for each day of trading and confirm the details printed therein about your transactions for the day.
Don’t fall prey to promises of unrealistic high returns. It is easy to lose money that way.

What to expect from a stock broker? What are your rights?
A stock broker is obligated to give you prompt and efficient service, make timely payment and give delivery of shares. He is required to execute your orders on the stock exchange with utmost sincerity and exercise due diligence. He is also obligated to issue you contract notes indicating your transactions for the day. Insist on this. Always be aware of your rights.

What are the services offered by stock brokers?
Stock brokers offer services such as buying and selling on behalf of investors. They also provide advisory services. If stock brokers are also registered as a portfolio manager, they can offer PMS services. Some of the bigger brokers also publish their own research reports which are available at a cost for investors.

What to expect from a stock broker? What are your rights?
A stock broker is obligated to give you prompt and efficient service, make timely payment and give delivery of shares. He is required to execute your orders on the stock exchange with utmost sincerity and exercise due diligence. He is also obligated to issue you contract notes indicating your transactions for the day. Insist on this. Always be aware of your rights.
What are your obligations?
As an investor, it is your obligation to carry out necessary due diligence before purchasing or selling shares. Due exercise care and caution and not be misled by rumors and hearsay. Make timely payment to your stock broker in case of purchase of shares and give deliveries to him well before pay-in in case of sale of shares by you. This is important otherwise your positions may be auctioned or closed out and you may have to suffer heavy losses.

The Indian Stock Market is the undisputed leader in the Asia’s market. It has a reputation among the foreign institutions. During the past few years from the time of crash in 2004 there have been many swings in the Indian stock market. But, the gains from the market have been quite modest. The traders have made money by investing in shares and stocks and have made handsome profits. The rate of inflation in India is high so the brokers are more interested in selling than in buying stocks. The FDIs have also reduced considerably and the market has seen a rigorous financial critical condition.

Now the financial scenario of Indian stock market is on the road to recovery and is getting back its lost sight. In recent times market is gaining and has reached 17000 points and so is now looking towards a ray of hope. Take your investment seriously and don’t treat yourself to ups and downs as the bad part has gone. However, be ready for the good and bad points of the stock market investment.

You should have proper investment guidance as it will work like magic for you if you are trading shares in share market. You should have all the latest information ready with you. You need stock quotes, stock updates, daily stock alerts and every other information related to stock/stocks within your reach. The platform you use should be definitive in every part. Proficient stock advice from the brokers and the stock professionals is the information that is must for you.

Basically there are a few formalities that have to be completed by the NRIs after which they can invest in India. The main documents needed are PAN card, ID Proof and Address Proof, a KYC certificate for Mutual Fund investment above Rs.50,000/- and Passport size Photographs are required. They also need to open a Non-Resident External Account that is a Dollar Account, or Non-Resident Ordinary Account that is a Rupee Account is needed. The difference between these two accounts is that the investments made and the returns got from those investments, using the NRE account can be sent back to other countries.

NRIs can invest directly in any mutual fund from their account. You can invest either one time investment or in systematic investment plan or quarterly, etc. The amount invested in Mutual funds can be repatriated fully.

To make the investment the KYC forms is to be filled and then the investor will be sent a communication stating that the investor is verified. A copy of this letter has to be attached will all the transactions done in the mutual fund, whether it is investment or withdrawals for an amount above Rs.50, 000/-.

The forms for investment can be downloaded from the site of the mutual fund and the NRI could sign the form and sent it back to the Mutual Fund Company, or a broker if he has appointed any or relative and sent it to the Fund Office.

The NRIs can invest in share with a demat account, but they have to take RBI approval for each transaction. It can be tedious so it will be easier to invest in Mutual funds.