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Is RKSV trustworthy?
RKSV is as credible and safe as any other brokers in India i.e. ICICI Direct or Sharekhan. They are registered with SEBI, BSE & NSE and regularly audited by them. RKSV is authority broker of NSE and BSE.
Who has funded Upstox?
Ratan Tata
Upstox, backed by Ratan Tata and Tiger Global, earlier said in July that more than 70 per cent of its over 2 million new customers are first-time investors and under-36 — something even traditional brokerages also back given the massive over 20 million new investors coming in the market during the pandemic year.
Is my money safe with Upstox?
Does Upstox is safe? Yes, Upstox is a safe broker. It is a registered member of SEBI, BSE, NSE, MCX and CDSL.
Is Upstox approved by government?
Yes, Upstox is a SEBI registered stock broker and demat service provider. Upstox is also a member of NSE, BSE and MCX stock exchanges and CDSL and NSDL central depositories.
Is RKSV and Upstox same?
Discount broking firm RKSV has renamed itself Upstox. The brokerage does approximately 2 per cent of the NSE turnover on a daily basis (approximately Rs 7,000 crore turnover daily).
How does Upstox make money?
Upstox runs a Partner Program wherein you can become a sub-broker and start referring customers from your network and outside, and earn commissions when they trade. You can earn 2 ways in this program: Earn a part of the brokerage paid by your referrals. Earn incentives for referrals when they open a Upstox account.
Is Upstox funded by Ratan Tata?
Ratan Tata-backed Upstox is now valued more than its rivals Zerodha and Groww. Upstox has raised $25 million from Tiger Global, at a valuation of $3.4 billion. Upstox is the 40th startup to enter India’s unicorn club, and the seventh startup this month.
Is Upstox approved by RBI?
As per Reserve Bank of India (RBI) guidelines, NRIs who wish to invest in shares in India through a stock exchange need to approach the designated branch of any authorized dealer (bank)(Upstox currently offers the same with HDFC Bank, ICICI Bank and YES Bank) authorized.
What is RKSV full form?
“RKSV” is the discount stock broker, In the year of 2009 they started online stock trading service. Its Mumbai based broking company whose founder was Raghu Kumar, Ravi Kumar and Srinivas Vishwanath so on the name of founder this company name had been set up as a ‘RKSV”.
Who is owner of RKSV securities?
Upstox is a private limited company owned by Mumbai based RKSV Securities Pvt Ltd. Mr. Ravi Kumar, Mr. Raghu Kumar and Mr.
Is upstox a reliable broker in India?
Upstox is a relatively new discount stock broker in India. It is more like a “start-up” in discount broking space. As far as reliability is concerned, well, the broker claims to be backed by Ratan Tata – which adds up a huge trust factor.
Can discount broking house RKSV turn the business model on its head?
Raghu, 28, is one of the three founders of RKSV, a discount broking house that is trying to turn the traditional business model of broking on its head. Instead of charging the conventional broking fee, RKSV takes a flat monthly fee and allows its customers to trade as much as they want.
Zerodha and Sharekhan are both well known brokers with many plus points. Zerodha in particular has great investor education material along with a low brokerage rate, while Sharekhan is known for its personalized customer service and good stock recommendations. However, i have an account with Upstox and would like to talk about them.
Does upstox have reports like Zerodha for income tax?
Though Upstox doesn’t have reports like Tax-loss harvesting like Zerodha, it still has all the reports one needs to file the income tax returns quickly. The only caveat is, there is no way to move from the web interface to the reports interface, and one has to log in to the reports interface separately.