Advisory Subscription Value (ASV) Plans
*on select plans
HSBC INVESTDIRECT (INDIA) LIMITED "ASV" schemes offer various plans which vary in terms of value adds and based on your trading profile you can choose from various plan options available.
- Advisory Reports: Basis the ASV plan subscribed, get access to a host of Advisory reports
- Subscription Amount: To subscribe to an ASV you have to pay the subscription amount
- Renewal: You would be required to renew your ASV scheme on expiry of the tenure of your plan, to be able to enjoy the Advisory reports and discounted brokerage rates
- Default brokerage: On expiry of your plan tenure, then you will be automatically shifted to the predefined default ASV plan.
All clients of HSBC InvestDirect Securities (India) Limited except NRI clients can avail ASV schemes.
No, you do not have option to exit from the ASV before the tenure is over.
You can subscribe for ASV by submitting the duly filled and signed ASV sheet along with a cheque for subscription amount or instruction to debit your ledger. (Subject to availability of clear funds.).
Your ASV plan would be activated within 4 working days on receipt of subscription amount.What happens on expiry of ASV scheme?
At expiry of your ASV scheme tenure, you will be automatically shifted to a predefined default brokerage rate from next trading day. The balance left in your ASV subscription amount will not be credited back to your account.
In cases where brokerage generated is less than 25/- per executed order in cash segment, brokerage rate would be applied at 2.5% of the order value or 25, whichever is lower.
In case of non-renewals, you will be moved to the Standard Advisory Plan.
There are various schemes are as below
**On trading days based on market opportunities
The various advisory subscription schemes are as below
The subscriptions details is available on the website www.trade.hsbcinvestdirect.co.in, post successful login select the subscription details report from the drop down. The report is updated on monthly basis.