Account Opening

Anyone who is a resident of India, HUF, NRI, proprietary firm, partnership firm or any company can open a trading account with Aditya Wealth, the National Franchise Partner of AngelOne (Formally known as Angel Broking).

It's simple. There are five easy ways for opening a power-packed trading account with Aaditya Wealthon.

  • By Phone Call on 022-30896680 and our executive will fix up an appointment with one of our Investment Advisors with you, at a time convenient to you, to complete the formalities required for opening an account.
  • By SMS Simply SMS Aaditya Wealthon to 7039005999 and our executive will give you a call back.
  • Branch Just walk-in to any of our branches. To know the locations of our branches, click here.
  • Email Drop us an email with your name and contact number at and we'll call you back.
  • Online
    1) Click on Open an Account
    2) Fill up the Online Account Opening form
    3) Call 022-30896680 in case of any queries and our executives will help you fill out the online account opening form.

We offer customized brokerage schemes suited to your trading requirements. So the cost depends on the scheme that you choose while opening your trading account with us. What documents are required for opening an account
The following are the list of documents required:
a. Proof of Identity Copy of PAN Card
b. Proof of Address Copy of any one of the following (Self Attested)
Ration card
Voters ID
Driving license
Electricity bill (not more than 2 months old)
Landline Telephone Bill (not more than 2 months old)
Bank Passbook
c. Bank Proof Copy of Bank Pass Book or Personalized Cheque leaf (For Existing Bank Account Holders Only)
d. Latest Photograph (Single copy)

After you have submitted the relevant documents, we will send you the Welcome Kit with details of your Client Id and password within 1 Hour.

In order to use our Online Trading Platform i.e, AngelOne (Formally known as Angel Broking), you will be required to have a demat account with Aaditya Wealthon. If you opt for our offline trading mode, you can continue using your existing demat account.

Clients can trade through Desktop lite (exe), web based trading platform and URL based mobile trading.

Trading Related

Once your account gets activated, we will send you a unique Login ID and password, with which you will be able to access your account online. If you do not know your username or have forgotten it, please call 022-30896680 or drop a mail to and we will be able to assist you.

Yes. My Aaditya Wealthon gives you a single sign in access to all your account details, trades and balances. Below is the procedure for the same:
Click on Login tab in the extreme right
Select My AngelOne (Formally known as Angel Broking) from the dropdown
Select login as Customer
Select login with as equity client code
Enter the password
Lite-Desktop Exe/Web:
Login to the Lite-Desktop / Lite-Web with your credentials
Select reports-> My reports
Enter the login id and password

Back office Reports in My AngelOne (Formally known as Angel Broking) shows all the activity in your account. Below is the procedure for the same:
Click on Login tab in the extreme right
Select My AngelOne (Formally known as Angel Broking) from the dropdown
Select login as Customer
Select login with as- equity client code
Enter the password
Lite-Desktop Exe/Web:
Login to the Lite-Desktop / Lite-Web with your credentials
Select reports-> My reports
Enter the login id and password
If you need more information on this, you can call us on 022-39982515/022-67490600 or email us at and our executive will help you out

Yes. You will be able to retrieve your contract notes online by logging into your My AngelOne (Formally known as Angel Broking) account. Below is the procedure for the same:
Click on Login tab in the extreme right
Select My AngelOne (Formally known as Angel Broking) from the dropdown
Select login as Customer
Select login with as- equity client code
Enter the password
Lite-Desktop Exe/Web:
Login to the Lite-Desktop / Lite-Web with your credentials
Select reports-> My reports
Enter the login id and password
Lite-Desktop Exe/Web:
Login to the Lite-Desktop / Lite-Web with your credentials
Select reports-> My reports
Enter the login id and password

With AngelOne (Formally known as Angel Broking), you can invest in a wide range of investment options including equities, derivatives, IPOs, mutual funds, commodities, currencies, ETFs and more..

Yes. Our highly experienced and award-winning research and advisory team recommends stocks to invest in for a few days to a few years.

My AngelOne (Formally known as Angel Broking) enables access to your account status 24 hours a day.
Visit to check all accounts online. Below is the procedure for the same:
Click on Login tab in the extreme right
Select My AngelOne (Formally known as Angel Broking) from the dropdown
Select login as Customer
Select login with as- equity client code
Enter the password
Lite-Desktop Exe/Web:
Login to the Lite-Desktop / Lite-Web with your credentials
Select reports-> My reports
Enter the login id and password
Alternatively, you can call us for Investment Advisor and we will give you all the details or you can email us on and let us know what information you require.

Dealers can convert Clients from Online to Offline or vice versa through Wire Platform.
Click here to go to Wire
Enter your credentials & login
Go on Operations on left hand menu
Click on Online & Offline
Enter Client Code
Click on Submit

No. You need to open an online trading account to trade online with AngelOne (Formally known as Angel Broking). Click here to open an online trading account
While placing an order if I choose 'Delivery' but sell the shares on the same day, will that be considered as intraday or not. What will be the fee charged (for intraday or delivery)
If the share are bought as Delivery and squared off on the same day it will be considered as Intraday transaction
Intraday brokerage charges will be levied as applicable

Bank Account and Transfer

Frequently Asked Questions On Bank Account and Transfer

AngelOne (Formally known as Angel Broking) has tie up with 40 plus banks which can be mapped with your trading account which includes major players like HDFC,SBI, ICICI, Axis etc. Click on the AngelOne (Formally known as Angel Broking) site to view the list of banks

Funds transfer is a very simple process which can be done online after logging in the online terminal.

Yes, you can submit a cheque but the buying limit would be provided to your trading account once the same is cleared & confirmed by the bank.

Yes, you can submit a cheque but the buying limit would be provided to your trading account once the same is cleared & confirmed by the bank.

If you send us a cheque then as soon as it has been paid into your account the funds are available for trading and to settle purchases. It normally takes 3-6 working days for payments through cheque to be cleared .When you use our payment gateway, the funds are instantly allocated to your account.

We do not accept third party payments from anyone as it is deemed unauthorized by the Securities and Exchanges Board of India (SEBI). The cheque or bank transfer should be in the name of the account holder and from the bank account specified by the account holder at the time of account opening. In case your bank details have been changed or you want transfers from more than one bank account, then please provide the bank details with the proof (bank statement clearly specifying account holder’s name and address). If the amount is received from any other bank account not specified by the client then we cannot consider the amount received from the customer.

Tools Available in Online Trading

Frequently Asked Questions For The Tools Available in Online Trading

Aaditya Wealthon has all the tools that are with AngelOne (Formally known as Angel Broking), i.e; AngelOne (Formally known as Angel Broking) App, Angel Broking Trade, Angel SpeedPro.

You can click on the ‘Trends’ tab of the app. Here you will find the latest market trends.

Click on the ‘My Portfolio’ tab on your AngelOne (Formally known as Angel Broking) app. You can find all information related to your portfolio here. This includes your net worth, investments, unrealised profit and loss, equity valuation and mutual fund valuation.

Of course. The AngelOne (Formally known as Angel Broking) web-based trading platform lets you invest wherever you want through its comprehensive portal. You can invest in equities, commodities, currencies, mutual funds, bonds, and IPOs through the portal.

Click on the Fund Transfer section of the web-based trading portal. Select the ‘pay in’ or ‘pay out’ option from the dropdown menu. Fill in the details and proceed to make the fund transfer.

To access the reports on the web trading portal, click on the reports menu. You will find all reports, including all your transactions, ledgers, taxes and profit and loss statements.

You can add funds to your trading account using the payment gateways available on the web-based trading portal of AngelOne (Formally known as Angel Broking). Select the option to add funds. Select your bank. You will be redirected to the payment gateway of your bank. Fill in your details and complete the transaction. Once the transaction is successfully completed, you will be redirected to the AngelOne (Formally known as Angel Broking) portal. To withdraw funds from your account, choose the withdraw option and fill in the bank details where you want the money to be transferred. Proceed to complete the transaction.

You can customize your viewing space by choosing the indicators that you wish to track. You can simply change the indicators and set your preference for your profile. You set your preference for markets, mutual funds and stocks that you want to track on a daily basis. You can also customize the reports that Angel SpeedPro generates for you. Change the indices and generate charts for indicators that you wish to see.

With the Angel SpeedPro desktop app, you get easy research at your fingertips. Track your investments on your portfolio and get instant news flashes. Use the app on multiple desktops and laptops.

Installation And Password

Frequently Asked Questions on Installation And Password

You can go to Google PlayStore or the iTunes App Store. Search for AngelOne (Formally known as Angel Broking) app. Download the app on your smartphone. You can create an ID and set up your profile to manage all your investments at one go.

Once you have downloaded the trading app on your smartphone, you can create an account. Click on the create/open account tab to get started. Fill in your name, date of birth and PAN details. Set up a password for your account and you are good to go.

Yes, you can use the same ID and password for the website as well as the share app.

Equity Trading

Frequently Asked Questions on Equity Trading

Our RM will assist you in taking those decisions. Also, we have excellent advisory services in place. The research reports will help you to make decisions on your own.

Long term good asset but volatile. Stay invested for a minimum of preferably for 24 months. Buy on dips and benefit from the law of average.

Equity is ownership & liquid in nature. Dividend is one of the USPs. Growing economy, high consumption, leads to growth of companies.

There are no minimum guaranteed returns in this product. Be assured, our advisory services will enable you to maximize your profits or minimize the losses.

2 ways viz. Through the dedicated dealer provided to you [Offline Services] & by login to any of the Online products provided to you.

Yes, you will get a dedicated dealer. You will receive his name and number in the welcome kit which we send you on your account opening. You simply have to call him and ask him to trade on your behalf.

Yes, we have a mobile platform named “AngelOne (Formally known as Angel Broking) App”. You can trade using that platform. We recommend you have a 3G data connection on your phone for doing so.

No, the password is only with you. We keep the password in encrypted formats. So no one can sell your shares apart from you. It's advised that you keep your password safe with you.

We have 41 banks registered with us. /ft/. Yes, you get a dropdown of all the banks which you register with us. You can also transfer funds through other banks through “Virtual Transfer” option we have

In a crash, markets are cheaper. Lower PE the better. Current valuations are acceptable. Top 10 recomm stocks of AB

Invest in large-cap/good companies (weightage in sensex) . Perf of Top 500 companies of India has never underperformed Top500 companies rep 95% of market cap has given 16-17% returns. Take the right advice

10am to 11:30 pm [Domestic agri products – 10-5pm] [International Agri Products – 10-11:30pm]

Yes. You can only open a trading account and link your existing demat account.

Yes, you get online confirmation of orders and trades – the status of any order is updated on a real-time basis in the Order Book. As soon as you place your order they are validated by the system and sent to the exchange for execution. The entire process is fully automatic and there are no manual interventions. You will also receive an email confirming the orders placed by you at the end of the trading day. Digitally signed contract notes will also be sent via e-mail for the orders executed during the trading day.

Currency Trading

Frequently Asked Questions On Currency Trading

Foreign exchange or Forex is the simultaneous buying of one currency and selling of another. Currencies are traded through a broker or dealer and are executed in currency pairs. For example: the Euro and the US Dollar (EUR/USD) or the British Pound and the Japanese Yen (GBP/JPY). The Foreign Exchange Market (Forex) is the largest financial market in the world, with a daily volume of over $4 trillion. This is more than three times the total amount of the stocks and futures markets combined. Unlike other financial markets, the Forex spot market has neither a physical location nor a central exchange. It operates through an electronic network of banks, corporations, and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another across the major financial centers. This fact – that there is no centralized exchange – is important to keep in mind as it permeates all aspects of the Forex experience.

USD-INR – 1000 Dollars, EUR-INR – 1000 Euros, GBP-INR 1000 GBP, JPY-INR – 1,00,000 JPY

2 working days prior to the last business day of the month

You can start with as little as 10 dollars. The Forex market is highly leveraged, and the broker’s margin can be as high as 50:1 to 300:1, which means that both profit and loss potentials get magnified.

To trade in Forex, you will need only a currency trading account and a bank account. A DEMAT account is not mandatory since there is no delivery of currency. Also, Forex traders directly deal with the market, meaning there is no brokerage involved.

You can now open a Forex account instantly by applying online. With the online process, if you have all your documents correct, it shouldn’t take more than five minutes to get the account activated.

You can receive the money from Forex trading directly in your bank account.

Select the withdrawal request from the broker’s website and add your bank account details. The money will get credited to the source of payment.

To automate the withdrawal process, establish an ACH link between your bank and trading account. Withdraw funds using ACH and receive them directly in your bank account.

You can load your forex trading account using a credit card, debit card or by wire transfer. Login to your AngelOne (Formally known as Angel Broking) page and select the option to add funds.

It makes a lot more sense to have a bank account for Forex trading.

For Forex trading having a forex trading account is mandatory and so is a bank account. You can link the bank account to your trading account for faster fund transfers.

A DEMAT account isn’t mandatory for Forex trading since there is no delivery of currency like equities. Instead, you would need to open a Forex trading account. You can now open a Forex trading account in India with SEBI registered brokers.

You can place a withdrawal request from your broker’s website and receive the amount directly in your bank account. The Internet has made the withdrawal process smooth and quick.

The following is a list of approved documents for identification.
PAN Card
Aadhaar Card
Voter ID
Driver’s License
ID cards issued by central or state government

The FX market is the largest in the world in terms of volume. It remains open 24 hours a day, opening at a different time in different parts of the world, from Monday to Friday. On Saturdays and Sundays, the market remains closed.

Commodity Trading

Frequently Asked Questions On Commodity Trading

Here are a few items that are frequently traded in the Indian commodity market. • Gold • Crude Oil • Copper Cathode • Silver • Zinc • Nickel • Natural Gas • Farm Commodities

The commodity trading market operates from 10 am to 11:30 pm to capture the full extent of global market movements in all traded categories.

Many people will tell you that it isn’t because it’s very different in nature. In the commodity market items are traded through futures contracts, which are sold differently. For a new trader, it can be challenging to make money initially through futures contracts.

There is more than one way to trade in commodities
Direct investment in commodity trading
Investing through futures contracts
Buying shares (from the exchange) of companies that produce these commodities.
Buying shares of Exchange-Traded Funds (ETFs) that primarily invest in these commodities.

Yes. It is a good option for retail traders. It’s less complicated than tracking share performance and planning the right entry point. The commodity market is driven by strong trends, determined by demand and supply differences in the global market.

If you’re considering diversifying your portfolio, then include commodities trading to it.

Here are a few points to keep in mind while trading in the commodities market. Commodity prices are influenced by shifts in global demand and supply Economic trends are critical to determining market trends, a strong economy will push commodity prices upward, and a weak economy will do the opposite The sectoral performance will also influence commodity prices like industrial performance will determine the demand for metal commodities Commodities are volatile and therefore, risky You can select to invest in a group of commodities It may take you some time to master the art of trading in commodity markets It involves paperwork

It involves both individual and institutional players. You’ll find the following participants in the commodity market.
• Market speculators
• Directional Margin Traders
• Spot/Futures Traders
• Price Hedgers

To trade in commodities, you’ll need a separate commodity trading account and commodity DEMAT account. A commodity trading account enables you to trade in commodities in the commodity exchanges.

Commodity exchanges, MCX, ICX and NCDEX, remain operative from 9 am to 11 pm, except weekends and national holidays.

The Security and Exchange Board of India is responsible for regulating the commodity derivatives market. Before SEBI, until 2014, the Forwards Market Commission acted as the regulatory body of the commodity market.

Risk is present in all forms of investment, but the commodity market is riskier compared to the stock market; mainly because commodity traders trade in a futures market with a high degree of leverage. Leverage is the primary reason why so many new traders lose money in commodity trading.

Like a trading account for stocks, you need a commodity trading account to trade in commodity exchanges.

You open a commodity trading account with a trading member or broker. Nowadays, the whole process of opening an account has become online.

Commodity trading has become fast and efficient with the online process. Now you don’t have to take the trouble of contacting the broker and wait for him to execute the buy/sell. To trade online, you need to open an online commodity trading account, which only takes a few minutes. Once the account is active, you can start transacting immediately. The broker website or the exchange will have a list of all active trades in the exchange; all you’d need to do is select the one you find appealing.

Select a broker who gives you wide options across the asset classes for investment. Select a broker based on the following criteria,
• Affiliation with the exchange
• Proven track record
• Market reputation
• Wide client base
• Competitive brokerage fees
• Online trading facilities
• Prompt customer service

Margin is a part of a commodity trader's life. In simple terms, margin means borrowing money from the broker to take a position in the derivatives market. Commodity futures are highly leveraged instruments, where traders can enter the market by paying only a fraction of total trade volume. For example, gold futures require a margin of 4 percent, which means one can trade up to a volume of Rs 1 crore by paying only a margin of Rs 4 lakhs.

When you are trading commodities in India, there are additional taxes apart from standard Securities Transaction Tax (STT), GST, and stamp duty that apply to equity trading. Commodity trading includes additional VAT, cess, and sales tax since it involves physical movement of the underlier. It is because commodities are the source of revenue. The government uses tax as a restrictive measure to prevent speculation build up on commodities classified for mass usage.

The derivatives expiry date is a future date when the contract will expire. Like for commodity futures, the contract expires on the last Thursday of a month. If you trade in the commodity market, you need to be careful about the expiry date of the agreement to avoid ending up on the wrong side of the trade.

Yes, the exchange safeguards the interests of the parties involved in futures trading.

The clearinghouse acts as the counterparty, and the trade happens through the clearinghouse. For example, seller A sells the asset to the clearinghouse, and buyer B buys it from the clearinghouse. In case one party fails to meet the commitment, the exchange settles the other party account from the Settlement Guarantee Fund.

F & O Trading

Frequently Asked Questions On F & O Trading

Yes. It is mandatory to provide valid financial proof to open any derivative segment account.

Apart from a bank statement, you can use any of the following documents as valid financial proof:
• Copy of ITR Acknowledgement (for last financial year)
• Copy of Annual Accounts (for last financial year)
• Copy of Form 16 in case of salary income (for last financial year)
• Net worth certificate (latest one, or at the end of last financial year)
• Salary Slip (for one month in current financial year)
• Copy of Demat account Holding statement (not more than 3 months old)

No, the address of a rented house cannot be considered as a valid permanent address but can be accepted as a correspondence address proof.

You can check your account opening status through our website. Follow the given steps – > Home Page > Track A/C Opening Status. Enter your Pan Card details in the given column and click on ‘Submit’ tab to get the status.

Debt M

Frequently Asked Questions On Debt M

Insolvency is a state of being unable to pay any outstanding debt that you may or, alternatively, have liabilities that are worth more than your total assets. There are various ways to declare insolvency but bankruptcy is probably the most famous.

While running into financial trouble is, sometimes, simply unavoidable, there are steps you can take in order to prevent your debt spiralling out of control.

The most important thing you should do is, rather simply, not to hurry into any loans or credit products and to carefully work out exactly what you can reasonably afford to pay back before you borrow.

There are also various insurance products available, like payment protection insurance and income protection insurance, which will protect you in the event that you become unable to continue earning enough money to pay off any unsecured debts that you are currently paying back.

An insolvency practitioner is a legal or accounting professional who is appointed to take charge of a bankruptcy case or an individual voluntary arrangement.

Once you've been declared insolvent, the insolvency practitioner will be in charge of handling your assets and liaising with your creditors. During either bankruptcy or an individual voluntary arrangement, you will not have to deal with your creditors directly and indeed they are legally forbidden from continuing to harass or even contact you regarding the repayment of your outstanding debts.

Bankruptcy is a rather severe form of insolvency that should be treated as a last resort. It is essentially a declaration that you are unable to pay back all of your existing unsecured debts (i.e. debts that are not secured against any of your assets such as credit card debts, rather than something like a mortgage that is secured against your home).

Bankruptcy can be declared voluntarily, or you can be forced to declare bankruptcy by a particularly aggressive creditor (or creditors).

Once bankruptcy has been declared, responsibility of your relevant assets, as well as the responsibility of communication with your creditors, will be taken on by a trustee; either an official receiver or an insolvency practitioner.

While you are bankrupt, you will not be able to work as CEO or director of a company, or manage any business without first letting those you do business with know that you are bankrupt.

A typical bankruptcy order will last for a year, after which you will be discharged. In some cases though, if you have enough surplus income, you may be required to continue to make repayments towards your debts for a further two years. A note of your bankruptcy will remain on your credit file for six years following your discharge, making it more difficult for you to take out any kind of loan or credit card for that period of time.

When you are declared bankrupt, you commit to using a certain portion of your assets to contribute towards repayments of the debts that caused you to go bankrupt in the first place.
Exactly which assets can be taken and sold to raise the money can vary but will typically include:
• your beneficial interest in your property (that is, the portion of the property that you actually own, whether than be your share in a jointly owned property or the equity in a mortgaged property),
• certain possessions of sufficient value (e.g. cars), and
• lump sums of cash from pensions, bonds, shares, bonuses, etc. This includes any assets you acquire while bankrupt, such as lottery winnings or inheritance.
You will be allowed to keep basic possessions necessary for living, such as furniture and bedding, and anything you use for work, such as tools or your vehicle.
Responsibility for the sale of the assets in question will fall on the trustee handling your case, and they are permitted to do so without your consent if they deem it necessary.
Note that you will often be required to pay a portion of your regular wage to your creditors, sometimes for up to three years after the bankruptcy order has been declared, so for two years after you have been discharged.

An individual voluntary arrangement, or IVA, is a form of insolvency that amounts to a legally binding agreement between you and your creditors, via an insolvency practitioner, involving a set repayment plan.

An IVA involves settling as much as possible of your unsecured debt by extending the payment term, and reducing the monthly payments.

You agree on an amount to pay each month, which is then divided up among your creditors.

Each IVA case will be managed by an insolvency practitioner, whose responsibility it is to help work out the exact payment plan, to manage the distribution of the payments themselves and to take charge of any liaison with your creditors. Once the IVA is in place, your creditors are no longer permitted to contact you or harass you regarding your payments. As an IVA is a legally binding arrangement, in order for it to be put in place, you must acquire the consent of the creditor(s) to whom you owe 75% of your debt. Once these creditors have consented, the rest are legally bound to agree to the same terms.

The rules about which assets you may keep and which you must sell are much looser with an IVA than they are with a bankruptcy order.

Assets like your home and your car will be allowed to remain in your possession; though in some cases your insolvency practitioner may advise you to remortgage your property if doing so will release a significant enough sum of equity.

As a general rule, your repayment plan will be worked out based on your income, rather than your wealth in assets.

Your creditors are not permitted to keep contacting or harassing you about repayments while your IVA is active. If they do so, you should keep a record of the contact, and should get in touch with your insolvency practitioner immediately. Your insolvency practitioner will then get in touch with the creditor in question and deal with the issue themselves.

If your financial situation changes while your IVA is still active and as a result, you find yourself no longer able to keep up with your agreed monthly payments, the first thing you should do is to contact your insolvency practitioner. They will suggest to you a course of action that will be based partly on the reasons for your inability to continue to pay. You may be able to arrange a temporary reduction in your payment plan while you work to get back on your feet. Alternatively, in the most severe of cases, you will be able to cancel your IVA altogether. Bear in mind though that if you do choose this option, then you will most likely find that the only thing you have left to do to cope with your debt problems is declaring bankruptcy, and so it is not a decision to be taken lightly.

Absolutely, yes. Just as with a fall in income, you should inform your insolvency practitioner of any increase in your regular income. You may well find that this will mean you have to increase your monthly payments in line with your increase in income.

The same goes for any commission or bonuses you receive at work that are equal in value to at least 10% of your basic income. You are required to pass on at least 50% of anything above this 10% threshold.

Typically, an IVA will last around five years, but they can also end either when you have paid off your entire debt, or if you default on the payments altogether, in which case you will most likely be forcibly declared bankrupt.

A record of your IVA will remain on your credit file for a period of six years from the date it began. So if your IVA lasted for five years, then the record of it will remain for another year.

A debt management plan, or DMP, is a non-legally binding agreement between you and your creditors that combines your existing unsecured, non-priority debts into a single monthly repayment plan.

Non-priority debts are unsecured debts that include things like personal loans and credit card bills. This is as opposed to either secured debts like mortgages, or priority debts like council tax or utility bills.

Because unlike an IVA, a DMP is not legally binding and is, in essence, an informal agreement, your creditors aren't actually obligated to agree to the terms. However, they often will since it tends to be in their interest to do so, particularly when the alternative is you declaring bankruptcy and defaulting on your debts.

Generally, when you set up a DMP, the creditors involved will require that it is recorded on your credit file, though this is not always the case. It can be a good idea for you to have it recorded on your report, since you will then also have its completion recorded, showing those who look that you made successful efforts to repay all of your debt.

Since a DMP is an informal agreement, you are, in theory, able to change the terms or to cancel the plan altogether at any point. However, you should be careful if you want to do this, as you may find that your creditors become less willing to acquiesce to any future terms you propose if you do so.

Since a DMP is an informal agreement, you are, in theory, able to change the terms or to cancel the plan altogether at any point. However, you should be careful if you want to do this, as you may find that your creditors become less willing to acquiesce to any future terms you propose if you do so.

A debt consolidation loan is, as the name would suggest, a loan you can take out and use to pay off all of your existing debts, simplifying the repayment process so that you only have one payment to make each month.

The main idea behind a debt consolidation loan is that it gives you logistical benefits, rather than actually saving you money, as you still have to pay back the same amount. You can apply for a loan whose repayment term is longer than those you are currently tied to, allowing you to spend less each month but, given the extended term and the interest added, you may actually end up paying back more money overall.

A debt management plan can be set up for free, by yourself, simply by speaking to your creditors and seeing if you can come to some kind of agreement. You can also pay a fee to use the services of a debt management company. This can make the process easier and you may find that with the help of professionals, you could end up on a better plan, but it is not necessary, and you should always carefully balance the cost you pay with the actual service you receive.


Frequently Asked Questions On Insurance

Travelling abroad can be for a holiday or for business purposes. During the journey, you are susceptible to many risks away from home. There can be unfavorable incidents like thefts, accidents, loss of tickets, baggage, documents, and trip cancellation. Travel insurance, in this case, becomes vital. It covers the expenses incurred in the event of loss or medical treatment. This way, travel insurance ensures you get a complete piece of time and are able to enjoy the journey completely.

It is the deductible amount that has to be borne by the insured at the time of a claim. The deductible is applicable for medical expenses, dental treatment, loss of passport or documents, delayed checked baggage, hijack distress allowance, etc.

The following medical expenses are covered:
• In-patient treatment in a local hospital
• Out-patient treatment, provided if it is critical
• Medical aid for broken limbs or injuries if prescribed by physician
• Pathological and diagnostic tests like X-ray, diagnostic tests, etc.
• Dental care related to acute anesthetic treatment as a result of an accident
• Life-saving emergency measures till the insured person becomes medically stable
• Transportation and emergency medical evacuation

Car insurance policy is mandatory under the Motor Vehicle Act. The policy ensures that the car owner is protected from financial losses, caused by damage or theft to the vehicle and third party liability.

Car insurance policy is mandatory under the Motor Vehicle Act. The policy ensures that the car owner is protected from financial losses, caused by damage or theft to the vehicle and third party liability.

All car insurance policies are annual policies issued for a period of twelve months. You will have to renew the policy before the specified expiry date mentioned on the policy document. There are certain benefits of doing so:
• Insured will continue to enjoy no claim bonus
• Insured will not have to get inspection done at the time of renewal

An endorsement is a written evidence of an agreed change in the policy. It is a document that incorporates changes in the terms of the policy.

No Claim Bonus (NCB) is a discount on the premium of the own damage (OD) portion of your vehicle when you renew your policy, provided you have not made any claim during the last policy period of one year. The NCB can be accumulated up to a maximum limit of 50% on own damage premium for private cars. You can transfer the full benefits of NCB, even when you shift your car insurance from any other Insurance company.

For any insured member who is more than 60 years age.

• Admission in network hospital
• Fax the pre-authorization form along with relevant documents (Investigation reports, Previous consultation papers if any, Cashless ID, Photo ID)
• Review of claim request by Company (as per policy terms & conditions
• Claim settlement by Company (as per policy terms & conditions) with the hospital after completion of all formalities

Only available at network hospitals. Pre-authorization request to be made- At least 48 hours before a planned hospitalization and Within 24 hours of emergency hospitalization

In the event that your policy is rejected, you can definitely avail of premium reimbursements within 7 working days. However, we would not be able to reimburse your medical check-up expenses.

Maximum Sum Insured that you can avail of is Rs. 25 lacs.

Policy is renewable only up to the age of 50 years.

No health check-up required up to 45 years of age.

Tax benefit under Section 80D can be availed.

This policy provides your beneficiary with a death benefit in the unfortunate event of your accidental death. It also provides you with cover against Permanent Total Disablement (PTD) on account of an accident.

The minimum age for taking this policy is 18 years and maximum is 80 years. There is Lifelong Renewability under the Policy in the absence of a claim.

Mutual Fund

Frequently Asked Questions On Mutual Fund

Mutual Funds are investment schemes professionally managed by financial experts. Many investors, individuals and entities, invest money in these schemes or funds to generate better returns. These investment schemes could invest in Shares / Stocks (Equity), Government and Corporate Bonds / Securities / Debentures (Fixed Income) or a mixture of the Equity and Fixed Income Securities. Mutual Funds are bought and sold in Units. Mutual Fund units are allocated to investors on the basis the proportion of their investments and value of these units is tracked as Net Asset Value (NAV) which is daily released by the Fund houses. The Securities and Exchange Board Of India (SEBI) regulates the Mutual Funds industry, and there are around 45 different Mutual Fund houses and more than 12000+ Mutual Fund Schemes.

Long term Capital gains tax (if held for more than a year) for equity mutual funds are taxed at 10% for gains withdrawn exceeding ₹1 lakh in a financial year. Gains withdrawn up to ₹1 lakh in a financial year are exempt from Tax. Short Term Capital gains tax (if held for less than a year) on equity mutual funds’ investments is 15%.

Some Mutual fund schemes have an exit load, and some schemes don’t. The schemes which have an exit load will incur a small charge if they redeem/withdraw their investments before the stipulated time. For example, a mutual fund scheme with an exit load of 0.25% for 3 months, will incur a charge of 0.25% if the investment is withdrawn before 3 months of investment. Please note that the same fund will not incur any charges if the investment is withdrawn/redeemed after a period of 3 months.

Mutual Fund schemes are available in growth and dividend options. Within the dividend option, payout or reinvestment options are available. In the growth option of Mutual fund schemes, profits made by the scheme are invested back into it. This results in the net asset value (NAV) of the scheme rising over time. When the scheme gains, the NAV rises, and in the case of a loss, it goes down. The only option to realise the profit in the growth option is to sell or redeem your investments. The dividend option can re-invest (dividend reinvestment option) or pay out the dividends (dividend payout option) the profits made by the fund. Profits or dividends are distributed to the investor from time to time depending on the profits made. Dividends are declared only when the scheme makes a profit, and it is at the discretion of the fund manager. The dividend is paid from the NAV of the unit.

Open-ended funds are those which can be purchased and sold anytime. Closed-ended funds can be purchased from the fund house only at the time of the new fund offering (NFO) and can be sold only once the period of the closed-ended fund has ended. Interval funds have periodic intervals specified by the funds when they can be purchased and sold.

Mutual Funds, historically, have proven to be much better investment avenues than other products available to investors. Investments in MF have proven to be more effective because of the following reasons:

• Managed by professionals: Financial experts invest in equity and fixed income products on your behalf. They are supported by large teams which assist them in analyzing data and dissecting nitty gritty of the markets(macro and micro economic environment, GDP rates, Interest rates and its future outlook, fundamental analysis into each company that they invest or not invest in) which clients as individuals might not be able to do themselves.

• Better taxation structures: The government of India offers incentives to customers to invest in mutual funds by providing tax structures. So while your fixed deposit returns are completely taxable, Investment in debt mutual funds come with tax indexation benefits (which can lower your taxation burden to almost as low as 2% as opposed to as high as 30% in Fixed deposits). Investments in equity mutual funds have only 10% tax (on gains withdrawn above ₹1 lakh in a year) compared to 30% taxation on FDs. Gains on equity mutual funds withdrawn up to ₹1 lakh in a year are exempt from tax.

• Better Flexibility: Mutual funds are held in units. So you can always redeem your investment partially while keeping the other investment intact and untouched. This is unlike fixed deposits where you have to fully withdraw your investment and pay premature withdrawal charges on the entire amount.

• Better liquidity: Open ended mutual funds can be sold anytime. This is unlike investments like Insurance, PPF, NSC, etc. where you have long lock-in periods and large premature withdrawal penalties.

• Better Diversification: Mutual funds invest in multiple securities. This diversifies the risk for you much better than other investments.

Mutual funds are market linked instruments. They invest in stocks, fixed income securities, arbitrage opportunities deemed fit by the Fund manager who is a financial expert. These market linked securities can go up or down in value as per the various macro and micro economic conditions. There is no guarantee of return on Mutual funds. The mutual fund returns can vary from past returns as well. We create balanced and personalised portfolios for you based on your Investment Horizon and Risk Profiles while accounting for the prevailing Market Conditions like Stock Markets performance ( Price to Earning, Price to Book, Dividend Yield), Interest Rates, GDP growth Rates and other important macroeconomic factors. We optimise your portfolio to offer maximum possible expected return for a given level of risk through careful selection of asset classes and mutual funds using our proprietary ranking frameworks.

Wishfin does not impose any restrictions on the minimum investable amounts on its customers. However, each Mutual Fund Scheme has mandated a minimum amount for One time and SIP investments.Many of the funds have minimum investable amounts as low as Rs 500 / Rs 1000 for both One time as well as SIP payments.For some funds, this amount could be Rs 5,000/ Rs 10,000. Wishfin mentions the Minimum Amount for One time and SIP investments on the Mutual Fund Pages or you can see the same when you click on 'Invest' or 'Add to cart' on the fund page.

Investors can check this on our platform. Just initiate your registration process, and we would monitor the same at our end and inform you. If your KYC registration is done, you need not do KYC registration again, and you are ready for investments. If your KYC is not done, then you can complete the KYC registration on our platform. It is an entirely paperless process and can be done from the comfort of your home/office. We have the best interests of our client in our heart, and we believe that nobody does it better than us

Investors have to provide documentation mandated by SEBI to get Know Your Client (KYC) registration. This KYC registration can be done Online and Offline. Once the KYC is registered with the SEBI registered entities, investors can start investing in Mutual Funds. This is a one-time activity. Once KYC is registered, Investors can start investing in Mutual Funds through any of the intermediaries.

As per regulatory requirements, KYC (Know Your Customer) registration is a must before any investment can be made in Mutual Funds or Stock markets. As PAN is mandatory to make investments in Mutual Funds and Stock Markets, we need your PAN details to check if your KYC registration is complete. If your KYC registration is done, then you can immediately transact through the AngelOne (Formally known as Angel Broking) platform.

As per Regulatory requirements, each investor needs to invest in Mutual Funds through their own bank accounts. For example, if you want to invest for your wife as well, we would suggest opening a separate account for your wife. All investments and money transfers have to happen from your respective accounts.

Demat Account

Frequently Asked Questions On Demat Account

• Regular Demat account- Traders who reside in India use this type of account.
• Repatriable Demat account – This account is useful to the Non-Resident Indians as it allows fund transfers abroad. It requires an associated NRE bank account.
• Non- Repatriable Demat account – This account, too, is for the Non-Resident Indians. However, in this case, funds cannot be transferred abroad, and this account requires an associated NRO bank account.

Yes, the demat account opening is free of cost. However, there is an annual maintenance charge of Rs. 450/- and a one time charge of Rs. 50/- for POA and Rs. 36/- for KRA along with applicable service tax.

Account opening with AngelOne (Formally known as Angel Broking) is a 100% paperless process. Following are the documents that are required for opening an account.
• Proof of Identity Documents
1. Pan Card
2. Passport
3. Voter ID
4. Driving License
• Proof of Address Documents
1. Passport
2. Voter ID
3. Registered Lease or Sale Agreement
4. Driving License
5. Utility Bills
6. Bank Passbook

Following are the types of account that you can open AngelOne (Formally known as Angel Broking)
• Demat Account – An account where you can hold securities in an electronic form, from which credit and debit of securities take place.
• Trading Account – An account which you can use for buying and selling the securities held in electronic format in the stock market.
• Demat + Trading Account – An account where you can hold securities in an electronic format and can be bought or sold in the stock market.

Any individual who is a resident of India with the required proof of identification, proof of address, proof of income can open a demat account to purchase and sell securities and other instruments through the stock exchanges in India.

• Less paperwork since securities are held in electronic form & no hassle for the customer.
• Secure and convenient way to keep track of shares
• Quick transfer of shares
• Easy holding no storage risk – Unlike paper certificates dematerialized stocks and shares can’t be stolen or damaged or forged.

Yes, an NRI can open a demat account; however, rules of FEMA – Foreign Exchange Management Act will be applicable. As per Reserve Bank of India (RBI), an NRI can only own up to 5 % of the paid – up capital in an Indian registered company. An NRI can invest in IPOs – Initial Public Offers, however, it is based on a repatriable basis using the NRE demat funds through their NRE (Non-Resident External) Rupee bank account. Nevertheless, if the NRI invests on a non-repatriable basis, then their NRO (Non-Resident Ordinary) Rupee account and NRO demat account will be operated. Through the PINS – Portfolio Investment Scheme an NRI is permitted to transact in shares and mutual funds through their account in India.

Yes, nomination facility is available in demat account. It is advisable for all individual beneficial owners to avail of this facility. Resident Individuals, NRIs presently having or opening new accounts either singly or jointly can appoint a nominee. If the account is held jointly all the joint account holders are required to sign the nomination form. The nomination can be changed or updated as and when required. However, Non-individuals including society, Karta of Hindu Undivided Family, Trust, corporate body or holder of power of attorney cannot nominate.

Yes, multiple demat accounts can be opened by an investor. An investor can open more than one account in the same name with the same DP as well as with various other DPs. However, for all accounts, the investor is required to strictly comply with the KYC regulations and provide Proof of Identity, Proof of Address and other documentation proofs as stipulated by SEBI. The PAN card of the investor is mandatory and is required to be furnished at the time of setting up the account.

Yes, a demat account can be opened jointly. However, a demat account can have a maximum of three account holders that is one main holder and two joint account holders.

Yes, a demat account can be transferred from one DP to another DP. The investor is required to submit the transfer or closure request to his DP in the prescribed form. The said DP would transfer all the securities and investments presently in the account as per the investor’s instructions to the new DP account.

An investor is given the option to apply for and obtain the shares of an IPO in physical form. However, it is suitable to apply for an IPO through the demat form since the shares issued through an IPO are tradable only in form

No, a demat account is mainly for the transaction of shares on the stock exchange. Mutual fund investments of any kind including SIP can be carried out directly by the investor or through a bank or financial institution.

IPO Account

Frequently Asked Questions On IPO Account

IPO or Initial Public Offering is the first sale of stock by a company to the public. It is a way for the company to raise money from investors for its future projects or the selling of securities to the public in the primary stock market.

You can easily apply for an IPO online through UPI facility through AngelOne (Formally known as Angel Broking) Stocks App. You can select the IPO, enter the number of Lots, enter UPI ID and then authorize the bid on the app. After the authorization, the bid is placed.

Initial Public offering of the following financial instruments are offered
1. Equity shares
2. Non-convertible debenture
3. Bonds

Fixed Price Issues - Price at which the securities are offered and would be allotted is made known in advance to the investors. Demand for the securities offered is known only after the closure of the issue. 50% of the shares offered are reserved for applications below Rs. 2 lakh and the balance for higher amount applications. Book Building Issues - 20% price band is offered by the issuer within which investors are allowed to bid and the final price is determined by the issuer only after closure of the bidding. Demand for the securities offered at various prices is available on a real-time basis on the BSE and NSE during the bidding period.50 % of shares offered are reserved for QIBS, 35 % for Non Retail and 15% for Retail Investors.

An IPO price band is the offer price of a company’s shares. The seller indicates an upper and lower cost limit, between which buyers can place bids.

Stock Advisory

Frequently Asked Questions On Stock Advisory

Stock Market Advisory helps you create wealth in the Indian Stock Market by exactly recommending you what stocks to buy, when to buy, why to buy and when to sell. We are an Independent Research Advisory which always aims at delivering superior returns for our clients.

Absolutely Yes. We are an Independent Research Advisory firm that provides Investment, Trading & Training services to our clients.

All our stock ideas are fundamentally backed and are only for investments, implying a long term horizon (at least 3 years or longer). We will indicate the price range at which we are comfortable entering it. We do not issue any kind of trading recommendations and hence no stop loss.

Price is a function of two aspects- Growth in Earnings per share (depends on how well a company does) and Valuation (like P/E multiple; depends on market sentiments). We prefer to invest in companies where earnings growth prospects are high and valuations have scope of re-rating. Having said that, being human we understand our limitations in predicting the future and hence refrain from sharing any target price or any kind of excel-based forecasting where next quarter’s EPS is forecasted to the second decimal point. We will stay invested as long as the thesis is playing out well or till we find better opportunities. Either ways, we will keep you posted with our thoughts through regular (generally quarterly) updates on all our stock ideas.

While researching stocks we do not constrain ourselves on market cap or sectors. We look at small caps, mid caps as well as large caps. Wherever we see value and find an opportunity to make high absolute returns with limited downside risks, we go ahead with researching it in more depth. In the long run, it's advisable to have a multi-cap and diversified portfolio.


Frequently Asked Questions On Taxation

It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax Law are given in the Income-tax Act, 1961.

Income-tax is to be paid by every person. The term 'person' as defined under the Income-tax Act covers in its ambit natural as well as artificial persons.

Under the Income-tax Act, every person has the responsibility to correctly compute and pay his due taxes. Where the Department finds that there has been understatement of income and resultant tax due, it takes measures to compute the actual tax amount that ought to have been paid. This demand raised on the person is called a Tax on regular assessment. The tax on regular assessment has to be paid within 30 days of receipt of the notice of demand.

No, you are thereafter responsible for ensuring that the tax credits are available in your tax credit statement and TDS/TCS certificates received by you and that full particulars of income and tax payment are submitted to the Income-tax Department in the form of Return of Income which is to be filed before the due date prescribed in this regard.

For every source of income you have to maintain proof of earning and the records specified under the Income-tax Act. In case no such records are prescribed, you should maintain reasonable records with which you can support the claim of income.

Rental income in the hands of the owner is charged to tax under the heading “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”. Hence, rental income received by a tenant from subletting cannot be charged to tax under the heading “Income from house property”. Such income is taxable under the head “Income from other sources” or profits and gains from business or profession, as the case may be.

Rental income from a property, being building or land appurtenant thereto, of which the taxpayer is the owner is charged to tax under the head “Income from house property”. To tax the rental income under the head “Income from house property”, the rented property should be building or land appurtenant thereto. Shop being a building, rental income will be charged to tax under the head “Income from house property”.

section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary.

Allowances are fixed periodic amounts, apart from salary, which are paid by an employer for the purpose of meeting some particular requirements of the employee. E.g., Tiffin allowance, transport allowance, uniform allowance, etc. There are generally three types of allowances for the purpose of Income-tax Act - taxable allowances, fully exempted allowances and partially exempted allowances.

Yes, these are in the nature of perquisites and should be valued as per the rules prescribed in this behalf.

Form-16 is a certificate of TDS. In your case it will not apply. However, your employer can issue a salary statement.

Yes. However, pension received from the United Nations Organisation is exempt.

No, it is taxable as income from other sources.

In the hands of a Government employee Gratuity and PF receipts on retirement are exempt from tax. In the hands of non-Government employees, gratuity is exempt subject to the limits prescribed in this regard and PF receipts are exempt from tax, if the same are received from a recognised PF after rendering continuous service of not less than 5 years.

Yes. However, the benefit of spread over of income to the years to which it relates to can be availed for lower incidence of tax. This is called as relief u/s 89 of the Income-tax Act.

Yes, if you are a Government employee or an employee of a PSU or company or co-operative society or local authority or university or institution or association or body. In such a case you need to furnish Form No. 10E to your employer.

Yes, however, losses other than losses under the head ‘Income from house property’ cannot be set-off while determining the TDS from salary.

It is taxable if received while in service. Leave encashment received at the time of retirement is exempt in the hands of the Government employee. In the hands of non-Government employee leave encashment will be exempt subject to the limit prescribed in this behalf under the Income-tax Law.

It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. Different forms of returns of income are prescribed for filing of returns for different Status and Nature of income.

Return of income can be filed either in hard copy at the local office of the Income-tax Department or can be electronically filed at

Return Form ITR - 1 (SAHAJ) can be used by an individual whose total income includes: Income from salary/pension; or Income from one house property (excluding cases where loss is brought forward from previous years); or Income from other sources (excluding winnings from lottery and income from race horses). Further, in a case where the income of another person like spouse, minor child, etc., is to be clubbed with the income of the taxpayer, this return form can be used only when such income falls in any of the above categories.

In case of queries on e-filing of return, the taxpayer can contact 1800 4250 0025.

E-payment is the process of electronic payment of tax (i.e., by net banking for SBI's debit/credit card) and e-filing is the process of electronically furnishing return of income. Using the e-payment and e-filing facility, the taxpayer can discharge his obligations of payment of tax and furnishing of return easily and quickly.

No, on the contrary, by not filing your return in spite of having taxable income, you will be liable to the penalty and prosecution provisions under the Income-tax Act.

Filing your return is your duty and earns for you the dignity of consciously contributing to the development of the nation. Apart from this, your income-tax returns validate your credit worthiness before financial institutions and make it possible for you to access many financial benefits such as bank credits, etc.

E-filing can be done from any place at any time and it saves time and effort. It is simple, easy and faster. The e-filed returns are generally processed faster as compared to returns filed manually.

If you have sustained a loss in the financial year, which you propose to carry forward to the subsequent year for adjustment against subsequent year(s) positive income, you must make a claim of loss by filing your return before the due date.

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