Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized
to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on
the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/
agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working
days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and
securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in
any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the
claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter
member. These norms are available on Exchange website at following link:
Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and
can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the
broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of
securities sold by the client.
Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must
provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not
receiving the messages from Exchange/Depositories regularly.
Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts
received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this
up with the Exchange/Depositories forthwith.
Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the
weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy
Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI
registered Stock broker.
Satco encourages you to invest through Systematic Investment Plan (SIP) regularly
in a list of Blue Chip Stocks. Equity SIP is an instrument which helps you avoid
the risk of timing the markets and facilitate wealth creation in a disciplined manner
by averaging cost of investments.
BENEFITS of SIP :
FEATURES OF SIP :
For Online Equity SIP & other online financial products offered on www.satcodirect.com.
I/We have read all the terms and condition for making the online application in
Equity SIP & other online offerings by www.satcodirect.com. I/We declare that I/We
have read the general & specific risk factors and the Stock Broker’s disclaimer.
I/We have read and examined the offer documents online and I/We myself/ourselves
have taken the investment decision to apply in the units of the Equity SIP specified
as above and agree to abide by the terms and conditions, rules and regulation of
If the transaction is delayed or not effected at all for reasons of incomplete or
incorrect information, I/We would not hold Satco Capital Markets responsible.
I/We have read the instructions and agree to discharge the responsibility of me/us
as a participant under the Direct Credit arrangement.
Satco Capital Markets Ltd does not accept any liability for the consequences arising
out of erroneous information supplied by the customer. The authorization of transaction
for investing /making payment of money to Broker will be construed as a binding
contract between the company and the customer.
The Share units shall be allotted at the Current Market Price of the application
date. Satco Capital Markets Ltd. will not be liable for any delay in receipt of
application for any reason.
Investors are advised to read the risk factors carefully before taking an investment
Equity Sip’s can be availed by a client only for a max period of 12 months (if monthly
SIP Selected) / 4Weeks (incase Weekly SIP Selected)
If the investor wishes to invest based on the amount entered, the number of shares
purchased shall be rounded off to the nearest lower value of shares.
* I/We confirm that I am/We are non-residents of Indian nationality / origin and
that I / we have remitted funds from abroad through approved banking channels or
from funds in my / our NRE / FCNR, Special non-resident rupee accounts.
* Applicable only to NRI/OCB
I/We declare that my/our personal, Client Code, email id, contact Number and investment
details provided by me/us in the application are true and correct.
THE USE OF THE WEBSITE BY THE CUSTOMER SHALL MEAN THAT HE/SHE AGREES WITH THE FOLLOWING
Satco Capital Markets Ltd. (hereinafter referred to as the "SCML") has launched
and established an Online Equity SIP service platform on the Website (hereinafter
referred to as the "Service"). SCML has exclusive and sole discretion to select
the Customers who would be entitled to use, access and benefit out of the Service.
SCML also reserves the absolute right and discretion to decide on the criteria for
selecting the Customers to participate in the Service offered hereunder.
This Service on the Website does not constitute an offer to sell or a solicitation
to any person in any jurisdiction where it is unlawful to make such an offer or
solicitation. This Service is not intended to be any form of an investment advertisement,
investment advice or investment information and has not been registered under any
securities law of any foreign jurisdiction and is only for the information of any
person in any jurisdiction where it may be lawful to provide such information, otherwise
the same shall not be considered an information. The distribution of this Service
or content in other jurisdictions may be restricted by law and the persons who access
the Service should inform themselves about, and observe any such restrictions. By
accessing and surfing this Website, the Customer agrees to be bound by the foregoing
Use of the Service is at any persons, including a Customer’s, own risk. The data
and information provided on the Website is not advice, professional or otherwise,
and should not be relied upon as such. Neither the information, nor any opinion
contained in this Website constitutes a solicitation or offer by SCML to buy or
sell any securities, futures, options or other financial instruments or provide
any investment advice or service. SCML or their employees have or may have an outstanding
buy or sell position or holding in the securities, options on securities or other
related investments of issuers and companies mentioned herein. The investments discussed
or recommended in the market analysis, research reports, etc. may not be suitable
for all investors. Investors must make their own investment decisions based on their
specific investment objectives and financial position and using such independent
advisors as they believe necessary. Information herein is believed to be reliable
but SCML does not warrant its completeness or accuracy. The content of the articles
and the interpretation of data are solely the personal views of the contributors
and do not in any way reflect the views of IBSL. Users are advised to peruse the
articles and other data in the Website only as information and to rely on their
own judgment when making investment decisions.
SCML along with its directors, employees, associates or other representatives and
its Affiliates along with its directors, employees, associates or other representatives
shall not be liable for damages or injury arising out of or in connection with the
use of the Website or its non-use including non-availability, compensatory, direct,
indirect or consequential damages, loss of data, income or profit, loss of or damage
to property (including without limitation loss of profits, loss or corruption of
data, loss of goodwill, work stoppage, computer failure or malfunction, or interruption
of business; under any contract, negligence, strict liability or other theory arising
out of or relating in any way to the Website, site-related services, or any products
or services and claims of third parties damages or injury caused by any performance,
failure of performance, error, omission, interruption, deletion, defect, delay in
operation or transmission, computer virus, communications line failure, theft or
destruction or unauthorized access to, alteration of, or use of information, whether
resulting) in whole or in part, from or relating to any of the services offered
or displayed by IBSL on the Website.
SCML shall not be liable for any misrepresentation, falsification, and deception
or for any lack of availability of services through the Website, even if the same
are advertised for on the Website.
This disclaimer shall be applicable to any person visiting/accessing the Website
and/or a Customer entering into an agreement related to availing of the Service
offered by SCML and the company and its Affiliates.
The below Terms & Condition need to be mentioned on the page where the application
form is available for the client. Also this needs to be added to the other Terms
& Disclaimer sent before.