DOCSLIB.ORG

CDSL Ind. Inside Ver 18.1

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
CDSL Ind. Inside Ver 18.1 CDSL VERSION 18.1 Mandatory INSTRUCTIONS/CHECK LIST FOR FILLING KYC FORM C. Proof of Address (POA): - List of documents admissible as Proof of A. IMPORTANT POINTS: Address: (*Documents having an expiry date should be valid on the 1 Self attested copy of PAN card and Aadhaar are mandatory for all date of submission.) clients, including Promoters/Partners/Karta/Trustees and whole time Permanant Address: 1. *Passport / Voters Identity Card / Aadhaar Card / Driving License. directors and persons authorized to deal in securities on behalf of 2. Utility bill which is not more than two months old of any service provider company/firm/others. (electricity,telephone, piped gas, water bill). 2. Copies of all the documents submitted by the applicant should be self- 3. Property or Municipal Tax receipt. attested and accompanied by originals for verification. 4. Bank account or Post Office savings bank account statement. 3. If any proof of identity or address is in a foreign language, then 5. Pension or family pension payment orders (PPOs) issued to retired translation into English is required. employees by Government Departments or Public Sector 4. Name & address of the applicant mentioned on the KYC form, should Undertakings, if they contain the address. 5 Letter of allotment of accommodation from employer issued by State or match with the documentary proof submitted. Central Government departments, statutory or gulatory bodies, public 5. If correspondence & permanent address are different, then proofs for sector undertakings, scheduled commercial banks, financial both have to be submitted. institutions and listed companies. Similarly, leave and license 6. Sole proprietor must make the application in his individual name & agreements with such employers allotting official accommodation. capacity. 6. Documents issued by Government departments of foreign jurisdictions 7. For non-residents and foreign nationals, (allowed to trade subject to and letter issued by Foreign Embassy or Mission in India. RBI and FEMA guidelines), copy of passport/PIO Card/OCI Card and Correspondence Address : overseas address proof is mandatory. In addition to the above permanent address proof the below proof can be accepted for correspondence proof 8. For foreign entities, CIN is optional; and in the absence of DIN no. for the 1. Self-declaration by High Court and Supreme Court judges, giving the directors, their passport copy should be given. new address in respect of their own accounts. 9. In case of Merchant Navy NRI's, Mariner's declaration or certified copy 2. Proof of address issued by any of the following: Bank Managers of of CDC (Continuous Discharge Certificate) is to be submitted. Scheduled Commercial Banks/Scheduled Co-Operative 10.For opening an account with Depository participant or Mutual Fund, for Bank/Multinational Foreign Banks / Gazetted Officer / Notary public / a minor,photocopy of the School Leaving Certificate/Mark sheet issued Elected representatives to the Legislative Assembly / Parliament / by Higher Secondary Board/Passport of Minor/Birth Certificate must Documents issued by any Govt. or Statutory Authority. 3. Identity card/document with address, issued by any of the following: be provided. Central/State Government and its Departments, Statutory/Regulatory 11.Politically Exposed Persons (PEP) are defined as individuals who are or Authorities, Public Sector Undertakings, Scheduled Commercial Banks, have been entrusted with prominent public functions in a foreign Public Financial Institutions, Colleges affiliated to Universities and country, e.g., Heads of States or of Governments, senior politicians, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their senior Government/judicial/ military officers, senior executives of state Members. owned corporations, important political party officials, etc. 4. For FII/sub account, Power of Attorney given by FII/sub-account to the 12. Fields marked with ‘*’ are mandatory fields. Custodians (which are duly notarized and/or apostiled or consularised) 13.Tick ‘ü ’ wherever applicable. that gives the registered address should be taken. 5. The proof of address in the name of the spouse may be accepted. 14.Please fill all dates in DD-MM-YYYY format. 6. Aadhaar Letter issued by UIDAI shall be admissible as Proof of address 15.KYC number of applicant is mandatory for updation of KYC details. in addition to Proof of Identity. 16.For particular section update, please tick (ü ) in the box available 7. e-KYC service launched by UIDAI shall also be accepted as a valid before the section number and strike off the sections not required to be process for KYC verification. The information containing the relevant updated. client details and photograph made available from UIDAI as a result of 17. Clarification / Guidelines on filling ‘Personal Details’ section e-KYC process shall be treated as a valid proof of address. 1 Name: Please state the name with Prefix (Mr/Mrs/Ms/Dr/etc.). D. Exemptions/clarifications to PAN (*Sufficient documentary evidence in The name should match the name as mentioned in the Proof of support of such claims to be collected.) Identity submitted failing which the application is liable to be 1. In case of transactions undertaken on behalf of Central Government rejected. and/or State Government and by officials appointed by Courts e.g. 2 Either father’s name or spouse’s name is to be mandatorily Official liquidator,Court receiver etc. furnished. 2. Investors residing in the state of Sikkim. B. Proof of Identity (POI): - List of documents admissible as Proof of 3. UN entities/multilateral agencies exempt from paying taxes/filing tax Identity: returns in India. 1. Unique Identification Number (UID) (Aadhaar)/Passport/ Voter ID card/ 4. SIP of Mutual Funds upto Rs. 50, 000/- p.a. Driving license. 5. In case of institutional clients, namely,FIIs, MFs, VCFs, FVCIs, Scheduled If driving license number or passport is provided as proof of identity Commercial Banks, Multilateral and Bilateral Development Financial then expiry date is to be mandatorily furnished. Institutions, State Industrial Development Corporations, Insurance 2. PAN card with photograph. Companies registered with IRDA and Public Financial Institution as 3. Identity card/ document with applicant's Photo, issued by any of the defined under section 4A of the Companies Act, 1956, Custodians shall following: Central/State Government and its Departments, verify the PAN card details with the original PAN card and provide duly Statutory/Regulatory Authorities, Public Sector Undertakings, certified copies of such verified PAN details to the intermediary. Scheduled Commercial Banks, Public Financial Institutions. E. List of people authorised to attest the documents: Notary Public, 4. e-KYC service launched by UIDAI shall also be accepted as a valid Gazetted Officer, Manager of a Scheduled Commercial/Co-operative process for KYC verification. The information containing the relevant client details and photograph made available from UIDAI as a result of bank or Multinational Bank (Name, Designation & Seal should be affixed e-KYC process shall be treated as a valid proof of Identity. on the copy) 1.INSTRUCTIONSINSTRUCTIONS / CHECK LIST Additional documents in case of trading in derivatives segment (illustrative list): 1. Copy of ITR Acknowledgement 4. Net worth Certificate - CA Certified 7. Demat Account Holding Statement along with valuation 2. Copy of Annual Accounts 5. Salary Slip 8. *Any other relevant documents substantiating 3. Copy of Form 16 in case of salary income 6. Bank Statement (For last 6 months) ownership of Assets * Relevant documents as per risk management policy of the stock broker to be provided by the client from time to time INDEX Sr. No. Name of the Document Brief Significance of the Document Page No. MANDATORY DOCUMENTS AS PRESCRIBED BY SEBI, DEPOSITORY & EXCHANGES 1. Account Opening Form-Checklist & Instructions The Document provides Instructions & Checklist relevant to opening of trading & demat account 1 2. Know Your Client (KYC) Application Form This Document captures the basic information about the client/ 4-5 Joint Holders for Trading & Demat Account respectively 16-19 3. Account Opening Form for Trading & Depository This Document captures the additional information about the client 6-10 relevant for opening Trading & Demat Account 4. Nomination Form This Document captures the details of nominee(s) w.r.t. the trading and/or demat account/Mutual Fund and the details of guardian in case of minor 11-12 nominee(s) 5. Tariff Sheet This Document provides schedule of fee applicable for Depository Account 22 6. Other Documents This document contain Policy & Procedure document A-1 VOLUNTARY DOCUMENTS AS PROVIDED BY THE STOCK BROKER 7. Mandate for maintaining the account on This Document enables you to maintain your account on a running running account basis account basis. 13 8. ECN Declaration (for Commodity Segment) This Document enables clients to receive contract note in electronic form 14 9. Profile Sheet This Document enables us to know your interest in the stock market so 15 that we can serve you better This Document authorises Sharekhan to place SIP request with 10. SIP Mandate RTA / AMCs on behalf of the client 20-21 11. Power of Attorney This Document confers specific rights on Sharekhan for operating your Demat account and for transferring the shares for margin/ pay-in purpose A-1 and also authorises Sharekhan to act based on the instructions given by you SHAREKHAN LIMITED Registered / Correspondence
Load more

Recommended publications
  • HDFC Bank an Encouraging Show
    HDFC Bank An encouraging show Powered by the Sharekhan 3R Research Philosophy Banks & Finance Sharekhan code: HDFCBANK Result Update Update Stock 3R MATRIX + = - Summary Right Sector (RS) ü We retain a Buy on HDFC Bank with a revised price target (PT) of Rs. 1,810. Q3FY2021 results were strong as operational performance exceeded expectations, Right Quality (RQ) ü margins rose; asset quality improved on a q-o-q basis; advances & CASA saw a healthy Right Valuation (RV) ü pick-up q-o-q. Management commentary was positive and reassuring, indicating a bright long-term outlook; net interest margin (NIMs) stood at 4.2% (up 10 bps q-o-q and within the guidance + Positive = Neutral - Negative range) due to healthy advances growth and high CASA share. HDFC Bank currently trades at 3.7x/3.2x its FY2022E/FY2023E ABVPS, which we find What has changed in 3R MATRIX is reasonable; we have fine-tuned our estimates and the target multiple for the bank considering improving earnings visibility. Old New Q3FY2021 results were strong with operational performance exceeding expectations, RS improving margins and market share gains. Asset quality improved q-o-q basis with a healthy pick-up in advances and CASA help in NIM expansion q-o-q basis. Results indicated RQ a return to normalcy with collection efficiency improving to near normal in December. The management commentary was positive and reassuring and indicated a bright long-term RV outlook. For Q3FY2021, net interest income (NII) was at Rs. 16,317 crore, up 15.1% y-o-y (in line with expectations), while PAT stood at Rs.
    [Show full text]
  • Mutual Funds Along with a Basic Terminology Or Nomenclature in the Last Issue
    Dr. Bhavdeep Singh Ahuja: Finance for Dentists Part X – FINANCE for DENTISTS – Part X The Current Scenario Author: Dr. Bhavdeep Singh Ahuja Continued from WJASR Volume 2 Issue 5 – Sep–Oct 2019 Issue First Part September – October 2019 Issue – Second Part DISCLAIMER: Although every effort has been taken to make sure that there are no mistakes, there might be still, some mistakes inadvertently crept in the article. Please notify the same @ author’s email: [email protected] or Call/Whatsapp: 98761-93039 and they will be corrected ASAP. We had covered the introduction about mutual funds along with a basic terminology or nomenclature in the last issue. Let us continue ahead of that: Mutual Funds – Modes of 1. Lumpsum Investment: It Investment refers to a one-time investment that an investor makes. If one Investors can invest in mutual has a large sum of disposable funds via two modes of investment, income in hand, coupled with a namely, Lumpsum investment or good risk appetite, he/she can Systematic Investment Plan (SIP). go for a lump sum investment. When investors consider investing 2. Systematic Investment Plan in mutual funds as a beginner, the (SIP): Systematic Investment first thought that comes to their Plan (SIP) is a mode of minds is whether to go for the investment in mutual funds former or the latter. that allows regular investment www.wjasr.in World J Adv Sci Res Vol. 2 Issue 5 September – October 2019 Pgs. 140 - 155 Dr. Bhavdeep Singh Ahuja: Finance for Dentists Part X of small amounts of money at How to Invest– in Mutual predefined intervals.
    [Show full text]
  • PFC - Tax Free Bonds
    PFC - Tax Free Bonds HIGHLIGHTS OF TAX BENEFITS In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of Section 10 of the Income Tax Act, 1961 (43 of 1961) the Central Government has authorised Power Finance Corporation Ltd. to issue during the FY 2012-13, tax Free secured redeemable non-Convertible Bonds for the aggregate amount of Rs 5000 crores. Interest from the bond will be exempt from income tax. Since the interest Income on these bonds is exempt, no Tax Deduction at Source is required on the same. Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957. HIGHLIGHTS A Nav-Ratna Government of India undertaking (As of 30th September 2012, 73.72% equity shareholding is held by GOI) A specialised development financial institution, PFC was set up in 1986 to fund projects in the domestic power sector. Classified as Infrastructure Finance Company in July 2010 by RBI & a Public Financial Institution under section 4 A of the Companies Act. Provides a comprehensive range of financial products and related advisory and other services from project conceptualization to the post-commissioning stage for our clients in the power sector, including for generation (conventional and renewable), transmission and distribution projects as well as for related renovation and modernization projects. Expanded its focus areas to include projects that represent forward and backward linkages to the core power sector projects, including procurement of capital equipment for the power sector, fuel sources for power generation projects and related infrastructure development.
    [Show full text]
  • Expense Ratio for Direct and Regular Plans
    Expense Ratio For Direct And Regular Plans Wendall still plagiarised cravenly while underwrought Pembroke overtopping that columnist. Stopless conduced,Arnie dowsed his verycriterion homeopathically diagnose retransmits while Paul champion. remains gloomy and vagal. Horror-stricken Martie This ground they borrow have type do faculty own market research. Fearful when others are greedy and greedy when others are fearful. Here are some of the biggest advantages of direct mutual funds. It for direct plan expenses ratio of our servants, if both the. It is not doing anything wrong. The direct and the same? Moneymap investment planning to the expensive and regular plan but there. NAV of direct is higher. Mutual fund for a regular plan ratios: the ratio can increase, asset value of a fund is a sample of. Professional financial advice is essential and can make a huge difference to returns. Scheme will be realised. You and direct plans expensive and investment horizon, and all the ratios may make use the regulatory intervention of. Book your plan and regular plans expensive than their investment and regular plans help you have lower expense ratio from accessing the direct mutual funds? But opting out of bracket of these cookies may rinse an effect on your browsing experience. TODO: we pull review the class names and whatnot in quantity here. How can subsequently, investing in future as and to? But you need to careful because these plans are not for everyone. This instance lead to hang better returns. While direct plans expensive and expense ratio between. If you find a large number of investment options overwhelming and find it hard to shortlist and finalize on the funds you want to invest in, Regular plans may work better for you.
    [Show full text]
  • Axis Mutual Fund Sip Form
    Axis Mutual Fund Sip Form Twenty-twenty and electropositive Beowulf napped while swankiest Kane crated her generation within inarticulately.and fatted someplace. Unlocked Gaspar and cryptical is inwards Winthrop Maltese billeting, after confutativebut Park longitudinally Mattias overexposing silicify her hismirk. Saturnalia Add the sponsor is an online rd account number or by investing in mutual funds through axis mutual fund investors during the form will be sent them FORM 1 FOR small SUM SIP INVESTMENTS. Investing in mutual funds just became easy Now much can usually for systematic investments plans SIPs online using the i-SIP facility It picture an. Sip registration form Investmentz. Vision Financial Services. Download Forms Visva Global Services. KYC Form then on the official website of share Mutual Funds After filling the form. Form 1 for lumpsum sip investments Shreeda Investments. By axis mutual fund investments are driven by axis mutual fund? You pause form for systematic investment are added to fetch returns, axis mutual fund sip form online? Axis SIP Auto Debit Form REDMIL. The experts attributed the axis mutual fund sip form along with its report on. As determined by axis sip. We value of axis mutual funds using axis sip enrollment commencement date between the investors have a must. Download Forms AKS Finserv. Mutual Fund Forms- Axis Bank. Planning and Solutions click the Start your SIP Now beware the online form library the. Of banks is straightforward on our website wwwinvescomutualfundcom. 2The SIP Form still be submitted at least 30 Calendar. Schemes of load Mutual Fund to portray above mentioned SEBI Registered Investment Adviser.
    [Show full text]
  • New Projects Surge in Decemberqtr
    THURSDAY, 2 JANUARY 2020 16 pages in 1 section www.business-standard.com MUMBAI (CITY) ~9.00 VOLUME XXIV NUMBER 100 THE MARKETS ON WEDNESDAY Chg# Sensex 41,306.0 52.3 Nifty 12,182.5 14.0 STRATEGY P15 BACK PAGE P16 Nifty futures* 12,243.8 61.3 Dollar ~71.2 ~71.4** Euro ~79.9 ~80.1** CONSUMER BEHAVIOUR CHANDRAYAAN-3 NEXT YEAR, Brent crude ($/bbl)## 66.3## 66.4** Gold (10 gm)### ~38,962.0 ~121.0 IN THE 2020s 4 CHOSEN FOR GAGANYAAN *(Jan.) Premium on Nifty Spot; **Previous close; # Over previous close; ## At 9 pm IST; ### Market rate exclusive of VAT; Source: IBJA PUBLISHED SIMULTANEOUSLY FROM AHMEDABAD, BENGALURU, BHUBANESWAR, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI (ALSO PRINTED IN BHOPAL), NEW DELHI AND PUNE CABLE TV TO COST GST collection I-T vets foreign LESS AS TRAI AMENDS New projects surge contribution TARIFF STRUCTURE crosses ~1 trn, The Telecom Regulatory Authority of sought by India has released amendments to the New Tariff Order, in which it has directed in December qtr but misses target Tata trust cable operators to provide 200 channels for ~153. The regulator has also set DILASHA SETH SHRIMI CHOUDHARY January 15 as the deadline for 37% y-o-y increase despite a fall in capacity utilisation New Delhi, 1 January New Delhi, 1 January broadcasters to announce their new MOP-UP pricing structure. At present, direct-to- SACHIN P MAMPATTA & AMRITHA PILLAY Goods and services tax (GST) The income-tax (I-T) department is exam- home or cable TV operators provide only Mumbai, 1 January collection crossed the ~1 tril- TREND ining the foreign contributions sought by 100 channels for a network capacity fee lion mark for the second Figures in ~cr the Navajbai Ratan Tata Trust (NRTT) as a of ~153 (~130 excluding taxes).
    [Show full text]
  • Newspaper Publication
    GSTIN : O8AAACV6864A1ZD = GQ Un ited Wiay Solvex Corporate I d e n t i f i c a t i o n Number : L15142RJ1987PLC004232 Regd. O f f i c e : Bhagwati S a d a n , S.D. Marg, A L W A R - 301001 Factory : Old Industrial Area, I t a r a n a Road, ALWAR - 3 0 1 0 0 1 Date: September 9, 2020 To, Bombay Stock Exchange Limited Corporate Relationship Department, 1* Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Mumbai-400 001. Ref: Company Code - 531069 Sub: Publication of Notice of Board Meeting. Dear Sir/Madam, In compliance of p r o v i s i o n s of Regulation 4 7 of the S E B I (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are e n c l o s i n g h e r e w i t h t h e newspaper copies of the Mint ( E n g l i s h Daily) and Business R e m e d i e s (Hindi Daily) dated 8” September, 2020, in which notices for i n t i m a t i o n of Board Meeting scheduled to be h e l d on Tuesday the 1 5 " day of September, 2020, inter a l i a , t o consider and approve t h e Un-audited S t a n d a l o n e and Consolidated Financial Results of t h e Company for the quarter ended June 30, 2 0 2 0 , have b e e n p u b l i s h e d .
    [Show full text]
  • MUTHOOT FINANCE LIMITED’S Shelf Prospectus Dated February 05, 2019 and Tranche II Prospectus Dated May 03, 2019 ( “Prospectus” )
    APPLICANT’S UNDERTAKING ,:HKHUHE\DJUHHDQGFRQ¿UPWKDW 1. I/We have read, understood and agreed to the contents and terms and conditions of MUTHOOT FINANCE LIMITED’s Shelf Prospectus dated February 05, 2019 and Tranche II Prospectus dated May 03, 2019 ( “Prospectus” ). 2 I/We hereby apply for allotment of the NCDs to me/us and the amount payable on application is remitted herewith. 3. I/We hereby agree to accept the NCDs applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements. 4. I/We irrevocably give my/our authority and consent to IDBI TRUSTEESHIP SERVICES LIMITED, (the “Debenture Trustee” ) to act as my/our trustees and for doing such acts as are necessary to carry out their duties in such capacity. 5. I am/We are Indian National(s) resident in India and I am/ we are not applying for the said NCDs as nominee(s) of any person resident outside India and/or Foreign National(s). 6. The application made by me/us do not exceed the investment limit on the maximum number of NCDs which may be held by me/us under applicable statutory and/or regulatory requirements. 7. In making my/our investment decision I/We have relied on my/our own examination of Muthoot Finance Limited the Issuer and the terms of the Issue, including the merits and risks involved and my/our decision to make this application is solely based on disclosures contained in the Prospectus.
    [Show full text]
  • IPO Flash September 28, 2021
    IPO Flash September 28, 2021 Index Aditya Birla Sun Life AMC Limited Issue details • About the Company • Valuation • Key Risks • Financials • Industry Overview • Visit us at www.sharekhan.com For Private Circulation only Aditya Birla Sun Life AMC Limited IPO Flash IPO Details: Issue opens Wednesday, September 29, 2021 Issue closes Friday, October 1, 2021 Issue size Rs. 2,768 crore Type of issue Offer for sale (OFS) of Rs. 2,768 crore Offer size OFS of 3.9 crore equity shares Face Value Rs. 5 per share Price band Rs. 695-712 per share Bid Lot 20 shares and in multiple thereof Issue Structure QIB Portion Not more than 48% Non-Institutional Portion Not less than 14% Retail Portion Not less than 33% ABCL Shareholders Up to 5% BRLMs Axis Capital, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Advisors, SBI Capital Markets, YES Securities Source: Company RHP About IPO Aditya Birla Sun Life AMC (Aditya Birla AMC) is coming out with an initial public offering (IPO) of 3.88 crore equity shares, comprising of an offer for sale of up to 0.29 crore of equity shares by Aditya Birla Capital and 3.6 crore of equity shares by Sun Life AMC. The price band of the initial share sale has been fixed at Rs. 695 to 712 per share. The total issue size at the upper band stands at Rs. 2,768 crore. About the company Aditya Birla AMC is a joint venture between Aditya Birla Capital Ltd (ABCL) and Sun Life AMC. ABCL is the listed non-operating holding company of the financial services businesses of the Aditya Birla group and had managed total AUM of Rs.
    [Show full text]
  • Applicant's Undertaking
    APPLICANT’S UNDERTAKING I/We hereby agree and confirm that: 1. I/We have read, understood and agreed to the contents and terms and conditions of RELIANCE HOME FINANCE LIMITED, Shelf Prospectus dated December 15, 2016 and Tranche I Prospectus dated December 15, 2016 (“Prospectus”). 2. I/We hereby apply for allotment of the NCDs to me/us and the amount payable on application is remitted herewith. 3. I/We hereby agree to accept the NCDs applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements. 4. I/We irrevocably give my/our authority and consent to IDBI TRUSTEESHIP SERVICES LIMITED to act as my/our trustees and for doing such acts as are necessary to carry out their duties in such capacity. 5. I am/We are Indian National(s) resident in India and I am/ we are not applying for the said NCDs as nominee(s) of any person resident outside India and/or Foreign National(s). 6. The application made by me/us does not exceed the investment limit on the maximum number of NCDs which may be held by me/us under applicable statutory and/or regulatory requirements. 7. In making my/our investment decision I/We have relied on my/our own examination of the RELIANCE HOME FINANCE LIMITED and the terms of the issue, including the merits and risks involved and my/our decision to make this application is solely based on disclosures contained in the Prospectus.
    [Show full text]
  • Sharekhan Special August 31, 2021
    Sharekhan Special August 31, 2021 Index Q1FY2022 Results Review Automobiles • Capital Goods • Consumer Discretionary • Consumer Goods • Infrastructure/Cement/Logistics/Building Material • IT • Oil & Gas • Pharmaceuticals • Agri Inputs and Speciality Chemical • Miscellaneous • Visit us at www.sharekhan.com For Private Circulation only Q1FY2022 Results Review In-line quarter, healthy outlook Results Review Results Summary: After ending FY2021 on a strong note, Q1FY2022 earnings of broader indices showed a promising start (Nifty/ Sensex companies’ PAT rose 100%/66% y-o-y) in the new fiscal with strong growth momentum on low base. Management commentaries on earnings outlook remained positive, on improving economic activity post second COVID-19 wave and anticipation of strong demand revival. Demand recovery and ramp-up of vaccinations look encouraging. We expect economic activity to increase in the upcoming festive season. Nifty trades at 23x and 20x EPS based on FY2022E/FY2023E EPS, at a premium to mean average. Valuation gap between large and mid-caps has shrunk, we advise investors to focus on stocks with strong earnings growth potential with reasonable valuation. High-conviction investment ideas: o Large-caps: Infosys, ICICI Bank, M&M, L&T, UltraTech, SBI, HDFC Ltd, Godrej Consumer Products, Divis Labs and Titan. o Mid-caps: NAM India, BEL, Gland Pharma, Dalmia Bharat, Laurus Labs, Max Financial Services, LTI. o Small-caps: TCI Express, Kirloskar Oil, Suprajit Engineering, Repco Home Finance, PNC Infratech, Mahindra Lifespaces, Birlasoft. After ending FY2021 on a strong note, Q1FY2022 corporate earnings of broader indices showed a promising start with continued strong growth momentum on the low base of Q1FY2021, though it was along the expected lines.
    [Show full text]
  • Documents Required to Open NRE / NRO, Savings / PIS Account
    Documents Required to Open NRE / NRO, Savings / PIS Account ALL ACCOUNT OPENING DOCUMENTS ( INCLUDING ORIGINAL) NEEDS TO BE SELF ATTESTED) You would need to forward below mentioned documents along with Account Opening forms : • Passport size Photograph signed across the face. • The Initial payment cheque/Draft should be favoring “HDFC BANK A/c (Customer's Name)” The Cheque for the initial payment should be amounting Rs. 15,000/- from your self NRE/NRO account or a draft of Rs 15000/- made out of your self NRE/NRO account (has to be submitted along with the Letter from the bank confirming the Draft is issued from your self account) • Foreign currency cheque amounting to equivalent INR 15000/- issued from your self overseas bank or Indian Rupees draft purchased abroad & the Initial pay should be favoring “HDFC BANK A/c; (Customer's Name)” (has to be submitted along with acknowledgment slip copy /advice clearly showing that the DD was purchased by the customer himself should be attached or the Letter from the bank confirming the Draft is issued from customer's self account). • In case there is no remitter name proof (like acknowledgement copy) for Intial Payin draft/cheque then an original bank statement(not more than three months old, attested by the customer) from the customer’s account either overseas or in India has to be submitted self attested.In such cases a customer declaration needs to be collected stating the remitter’s name. [Average Monthly Balance requirement is Rs. 10,000/- in NRE and NROSB Account • Photocopy of passport -self attested • Photocopy of valid visa / work permit -self attested • Pan Card copy (Mandatory for NRE PIS/NRO PIS accounts-self attested ) • Address proof -self attested.
    [Show full text]