{"id":17157,"date":"2019-11-26T15:38:21","date_gmt":"2019-11-26T10:08:21","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=17157"},"modified":"2020-01-09T11:06:10","modified_gmt":"2020-01-09T05:36:10","slug":"fundsindia-the-equity-platform-of-choice","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/platform\/fundsindia-the-equity-platform-of-choice\/17157","title":{"rendered":"FundsIndia – The Equity Platform of Choice"},"content":{"rendered":"

On 22nd November, SEBI issued an <\/span>interim order against Karvy Stock Broking Ltd., restricting Karvy from onboarding new clients. This is an ex parte ad interim order, meaning the notice has been issued based on allegations made by the National Stock Exchange without the regulator having heard Karvy\u2019s side of the story.\u00a0<\/span><\/p>\n

The SEBI order also makes it clear that any new instructions issued by the broker to make transactions on their clients\u2019 behalf will no longer be honoured. According to the order, the firm transferred client securities to itself. The broker also raised money by pledging client securities and transferred this money to its own account. It is alleged that a net amount of Rs 1,096 crore was transferred by Karvy Stock Broking to its group company, Karvy Realty Private Limited between April 1, 2016, and October 19, 2019.<\/span><\/p>\n

Should you be worried?<\/b><\/h4>\n

A resounding no! In light of these events, we would like to remind investors that the major concern is not the stocks but the trading account balance you have kept with the broker.<\/span><\/p>\n

Your money and stocks are just that, yours. SEBI regulates the Indian Stock Broking industry. They keep a close eye on any suspicious movements and actions taken by stockbrokers. They\u2019ve put in place, some strict regulations through its exchanges and provided a free hand to retail and institutional clients to lodge complaints. Whatever stocks you have purchased at FundsIndia are actually stored in the depository and not with the broker (CDSL or NSDL).<\/span><\/p>\n

Migrate to the top digital stockbroker with ease<\/b><\/h4>\n

FundsIndia offers an equity investment platform through which you can easily invest in the share market online. You can easily open a free online trading account with your digital signature and get recommendations on which shares to buy\/sell, all at your fingertips.\u00a0<\/span><\/p>\n

With FundsIndia you can:<\/b><\/h4>\n