Online Trading

What is the Portfolio Management Service (PMS) you offer?
Through the PMS service, we will assist you towards building an ideal portfolio and then regularly monitor the investments. This product is ideal for individuals who may not have the time to track and monitor their investments.

What is the minimum investment for your Portfolio Management Service?
The minimum desired portfolio size for the Portfolio Management Service is Rs. 5 lakhs.

How can I monitor the performance of my investment funds?
Monthly statements giving details about the portfolio, its performance will be couriered to you. You also have access to viewing the portfolio through the internet for which a discreet user login and password are provided.

How do I take care of operational details?
Our Relationship Managers are well equipped to provide you with all the necessary support in terms of opening your PMS account as well as provide solutions to your queries in future.   
 
When are management fees payable?
Account maintenance fees are payable at the end of the year for iPreserve and management fees are payable quarterly for iGrowth.

Do I have to make any investment management decisions?
No. Our service is discretionary, which means that all investment decisions will be taken by HSBC InvestDirect Securities (India) Limited’s portfolio managers in good faith. The investor will have access to view the portfolio on a real-time basis through the internet and through monthly reports.

Can I withdraw part of the funds from my portfolio?
Should you need a part of the funds for any purpose, you are free to seek partial withdrawals. However a load on the portfolio value will be applicable if withdrawn in the first year. No load is payable on withdrawals after the first year.

How regularly can I get updates on my portfolio?
You will get monthly reports on the performance and status of your portfolio. These statements will have complete details of portfolio transactions and a comprehensive performance review.

How can I augment my existing investments?
You may augment your portfolio by making additions in multiples of Rs.1lakh. For iGrowth you may also do the same by bringing in stocks with minimum value of Rs.1 lakh.

How is the PMS operated. Is any personal involvement required in its day-to-day functioning?
We open a distinct bank account and a depository account for the express purpose of managing your portfolio. This provides for complete discretion and confidentiality. We take a Power of Attorney from investors, which allow us to manage the day-to-day functions. You can rest assured that thereafter all  operations related to the management of your portfolio will be safely handled by us.

Are returns guaranteed?
Returns are not guaranteed as per SEBI rules.

How safe are my securities under the Portfolio Management Service?
Absolutely safe. Since we open a distinct savings account and a depository account for the express purpose of the PMS, there is complete safety and confidentiality pertaining to your investments.

How will I know my tax status?
A statement that provides details of all short-term and long-term capital gains/losses booked during the course of the year is provided at quarterly and annual intervals.

How do I sign up?
To sign up for this service you will have to fill in the Client Registration Form. In addition to this, you will have to execute an Agreement and a Power of Attorney in favor of HSBC InvestDirect Securities (India) Limited, establishing a Principal-Agent relationship, which allows us to act on your behalf. Our Relationship Managers will be only too happy to assist you in the matter.

Who can sign up?
If you fall under any of the following categories, you are eligible to enroll:

• Individuals
• Hindu Undivided Families
• Association of Persons
• Limited Companies
• NRIs¹, Overseas companies, firms, societies, and overseas Trusts (subject to RBI approval).

Any Risks?
Equity investments are subject to market risks and there is no assurance or guarantee that the objective of the portfolio management service will be achieved. Past performance does not indicate the future performance.