As the ongoing climate crisis enters a critical stage, we look at one proposed solution: electric vehicles. The electric vehicle industry in India is an infant industry and thus is incentivised by central and state governments.
Investing in mutual funds can either be done in a lump sum or systematically. Systematic Investment Plans or SIPs are a great way to invest in mutual funds. SIPs allow you to set up an automatic investment plan where you can invest at predefined intervals with just one click of the button.
Investing strategies can be challenging to understand. However, that doesn’t always have to be the case. WealthBaskets are a portfolio of stocks and ETFs that help in wealth creation through low-cost and well-diversified portfolio investments. The WealthBaskets are created and managed by SEBI registered professionals and are based on different sectors, themes or ideas. These…
In 2021, the Indian stock market hit record highs in many terms. In October, BSE Sensex reached 62,245 points, and even while closing in December, it was above the 57,000 mark. Nifty also crossed 17000 levels earlier in the year. Economic bottlenecks have persisted, but these indices have performed exceptionally well. And that’s reason enough…
Do you have a robust investment portfolio that has given you excellent returns in the past? It’s great if you do, but you have to keep making it stronger to improve your financial health even more. And one of the ways to do that is to keep monitoring your portfolio, examining the real rate of…
As 2021 ended, we compiled a report on the key moments that defined the year for the wealth management space. In our Yearly Wrap, we also look at critical global moments. A lot has happened over the past year. The Second Wave of COVID-19, the ship that momentarily stopped world trade, the Evergrande crisis, spikes…
As far as buzzwords go, serverless is one of the most widely used when it comes to software development and infrastructure management. All that talks about using FaaS (function as service) like AWS Lambda, and NoSQL databases like Dynamodb can be exciting at first and become mind-boggling real fast. Most of us remember the days…
As petrol and diesel prices keep surging in India, many citizens have already started taking a keen interest in buying EVs. This is also supported by the Government’s global initiative to reduce the carbon footprints and achieve net-zero. The EV infrastructure in India, too, is rapidly growing, and active steps are taken from the government as well as electric vehicle charging station manufacturers in India.
Finkasturi Nivesh Private Limited (FinKasturi) is a SEBI Registered Investment Advisor (SEBI Registration No: INA000014128) based out of Mumbai. It provides research-based advisory solutions on various asset classes like Equity, Fixed Income, Mutual Funds, Exchange Trades Funds (ETFs) etc. Our process-driven approach in research provides a prudent solution to the client within the risk parameters…
“SIP toh risk-free investment hota hai” We all have that one SIP enthusiast friend who thinks SIP is a risk-free investment, and to a certain extent, it is a half-truth. Systematic Investment Plans (SIP) were initially started for mutual funds that regularly allow you to invest a fixed amount. However, you can also invest in…
Diversifying your portfolio is the key to optimising your returns, but how to diversify and which asset mix has the potential to offer better risk-adjusted returns remains a question. If you are investing in government bonds or are an evergreen gold lover, considering the best investment options requires lots of study about different long term investment options to maximise your returns.
“Don’t keep all your eggs in one basket” is an age-old adage that holds in most strata of our lives. And when it comes to your investment endeavors, it would be dangerous to invest all your funds in a single asset, say real estate, fixed deposit, or any other.
Investors are well aware of the daily ups and downs in financial markets. How you react and act when your fund goes red, on the other hand, reveals a lot about you as an investor. It’s important to understand that equity markets are notoriously volatile.
The Stock Market is trading around an all time high. A general question that comes to mind around this scenario is, is it the right time to invest in share market? Share market strategy followed by industry giants all over the world is to buy low and sell high. Current market conditions have created an…
Doesn’t matter if the candle goes up or down, the stock market always corrects itself. Some industries outperformed others in 2021 due to the pandemic, while others underperformed. Investors are wondering as to which sector is best for long-term investment as the new year approaches. As a result, investors should identify hot sectors to invest…
Wealth creation through investment can either be based on fixed returns or associated with market performance. Investments with fixed returns have pre-determined interest rates, and comparatively lower risk and return objectives. Fixed deposits or tenure deposits at the post office are examples of fixed-income investments. On the other hand, market-dependent investments can either be equity,…
Log4j, an open-source software logging library of Java, was recently exploited by malicious attackers, putting zillions of sensitive data at risk. The vulnerability in the system allowed attackers to remotely access and execute arbitrary code, making some of the crucial enterprise platforms weak and exposed to gruesome threats. Unfortunately, the flawed log4j worm is still…
Life is uncertain, and so is the future. Maturity lies in preparing for uncertain scenarios in the future. The hardest-hit lesson given by mother nature was COVID-19. In recent years, people have been more concerned about financial savings and health. Let’s drill down into various aspects of the hot topic of the decade, i.e., savings…
Portfolio management is the practice of studying and reviewing shareholder portfolios to know the different stocks with the number of shares and their average price. The portfolio is based on the risk appetite and investment goals of an investor.
You must have heard statements like, “If you want to make the most out of investing, invest in stocks.” It is valid to a great extent, but there’s more. Depending on who you ask, there are both upsides and downsides to investing in stocks in India. Overall, investing in the stock market has more advantages…
To understand the nitty-gritty of a balanced portfolio, you first need to know how to make a portfolio. A portfolio is primarily a combination of stocks and bonds from different sectors. Depending on a number of factors, you can make your own portfolio composition in the way that suits you the best.
The marketplace is huge. For instance, 1900+ companies are listed on the National Stock Exchange (NSE) in India. The firms span a wide range of industries. Sectors are a way of classifying companies in the stock market based on the industry in which they operate.
Comparing stock markets in same sectors is a sure-fire technique to assess the best sector to invest. The procedure is simple: pick a financial ratio (P/E, D/E, or RoE). You could find the balance for the company that interests you.
This Article Includes What is Inflation? Causes of Inflation Effects of Inflation How to Beat Inflation Most of us depend on our savings to help us be prepared for the future. However, inflation is eating away at these savings constantly and reducing their value. The inflation rate in India averaged 5.98% from 2012 to 2021….
Many people think of investing as just allocating capital and keeping track of their investment in the stock market. While that is important, there are many other vital steps one should undertake on their investment journey. And one of the most important steps is portfolio diversification.
An investor’s dream is to earn high returns with the lowest risk possible. A wide range of investment assets exist, each with its risks. So, how does an investor achieve his goal? One of the best ways to do so is to make a diversification strategy.
Making wrong investment decisions is very easy. However, wrong decisions are even easier to make when the value of securities is unclear. This lack of clarity is a major feature of volatile markets. Thus, volatile markets make everyone’s life harder. They are infamous for inducing panic and creating uncertainty about asset values. Therefore, it is…
National Stock Exchange (NSE) (established in 1992) and Bombay Stock Exchange (BSE) (1957) are the two recognized exchanges in the Indian stock market. After following the official listing procedure through an Initial Public Offer (IPO), a company starts trading at these exchanges; the same can be traded through an investor’s Demat account. Stock exchanges have…
Systematic investment plan (SIP) investments are known to offer very high returns in the long run. This is because the compounding effect (or The Eighth Wonder of the World, according to Albert Einstein) plays a crucial role in SIP investment.
“Mistakes are our best teachers. Never be afraid to commit a mistake.” These are words of wisdom we often come across in life. However, experts always advise treading with caution when talking about stock market investments. This is all the more true for novice and dormant investors. New investors have rushed to the stock market…
If there’s one thing you can predict about the stock market is that it will be volatile. Unfortunately, market volatility is widespread and can occur due to several reasons like domestic or foreign economic policy, increase in interest rates, or inflation.
Technical analysis investing is highly complex and tricky compared to fundamental analysis; the former is too technical. We have tried to simplify this complexity in this article by explaining the jargon around stock market analysis for a layman to make sense of it. This article will comprehensively cover the different types of chart options available in stock market analysis and what they signify.
Alpha can show how a share or investment will perform compared to its competitors or the overall marketplace. Beta measures the volatility in financial markets, which can assess risk exposure in an investment.
When investing, you are often told not to put all your eggs in one basket. Simply because if anything untoward were to happen to the basket of stocks, you wouldn’t have to lose all your eggs. That’s the underlying principle of a diversified portfolio.
You allocate your assets to different investment classes, hedging your bets in the event that one investment class does not perform, the other could counter the loss you’d make. Essentially, it is a risk management strategy.
Recent technological advancements have made it easier for people to invest their money in the right avenues. There has been a major development in investing in mutual funds. A recent statistic showed that there are close to 4.64 crore active accounts through which SIP investments happen. It is always considered a Good Investment Plan when you are investing in SIPs.
We live in a fast-moving world of money. The difference between savings and investments is fast becoming blurry to the average person. Saving and investment are at the very foundation of money management. Is it investing in stocks that interest you, or are you busy finding the best saving account interest rate? Your choices will…
Many new investors in various financial products are greeted by various terms like XIRR, or CAGR. These terms even stump investors who have been investing for some time, but suddenly check their statement one fine day. If you are one such person, you will obviously wonder what is CAGR or what is XIRR.
While we work hard to earn money, we also need to ensure that our money works just as hard. How do we do this? By investing our savings in a manner that is beneficial to us. Therefore, we must take time and the right resources to plan our investments, ensuring that the plan aligns with…
The two major components of any investment are risk and return. For investors, the goal is to maximize their return with the lowest level of risk possible. Hence, you must carefully analyze both before investing. Now, risk and return vary according to the asset type. This is where portfolio diversification comes into play. This investment tool is used to achieve symmetry between the return and risk factor by making strategic asset allocation and, taking into consideration, the market conditions. However, it requires extensive research and knowledge. Before we discuss some tips that can help you diversify your portfolio, let’s explore the power of diversification.
What is a Good Investment Portfolio Building an investment portfolio seems to be a highly challenging task. And ensuring it creates wealth for you to lead a comfortable life is cumbersome. A portfolio investment involves effective asset allocation. It involves diversifying funds to various assets, including stocks, mutual funds, bonds, and exchange-traded funds. With the…
In this Article Why Investing is Important What is the Safest Way to Invest? How Can I Get High Returns on Investments in India? What is the Easiest Way to Invest? In India, only 3.7% of the population invests in equities compared to 12.7% of the population in China. While investing does hold some risk,…
Long-term investments refer to the account an individual plans to maintain and keep for more than a year. Such accounts include bonds, stocks, cash, and real estate. They show on the asset sections of the individual’s balance sheet. Investors aiming at long-term investments are always willing to embark on higher risks for the best rewards.
Whenever someone mentions the Indian Stock Market, it reminds us of the stock market crashes in history. Recently in March 2020, the stock market (for example, BSE Sensex) gave the signs of recession, falling from 41,257 on February 14, 2020, to 29,815 on March 27, 2020, i.e., a fall of 28%.
However, the picture has completely changed right after that one month of bloodbath in March 2020. The world is observing the shift of power to India. Markets are the leading indicators of the economy. So, the growth of the Indian economy is reflected in the stock market making new highs since a year ago.
Investing, like all major life decisions, is a risky process. The main risks involved with investing are not knowing how your investments will perform and losing out on your primary investments. But not all assets are risky. In India, investors do have some risk-free investment opportunities.
Equities provide an excellent opportunity to maximize your returns, provided you invest wisely. There are several ways to invest in equities. For example, investing via mutual funds, tax-saving equity-linked savings schemes (ELSS), the National Pension System (NPS), or investing directly in stocks. Equity markets are looking even more promising as millions of Demat accounts were…
This is often the dilemma – one has surplus money to invest but is confused between lump sum and SIP investments. Choosing between a one-time lump sum investment or a periodic SIP investment hinges on your familiarity with mutual funds, the fund you have in mind, and your financial goal.
The primary purpose of stock market investments is wealth creation. Share market tycoons like Warren Buffet, Rakesh Jhunjhunwala, Radhakishan Damani, etc., have multiplied their wealth over the years using long-term investment in stocks. On the other hand, the stock market has historically been the synonym for fear of huge losses borne by relatively new investors….
Anyone who follows the stock market dreads the term “bear market.” Not only are they inevitable, but it’s even difficult to predict how long they might impact the market. Smart investors are those who survive in these times and manage to generate wealth. Before exploring these winning strategies, let us first understand what a bear…
Many individuals tend to concentrate their savings in asset classes that have the potential to provide a high return on investments. This strategy can be a double-edged sword.
While a concentrated portfolio can deliver inflation-beating returns, it can also significantly increase an individual’s risk exposure. Furthermore, market volatility can create a sense of perpetual uncertainty about the safety of capital.
It is a myth that you need a lot of money saved up to start investing in stocks, and truth be told, you can start building a solid portfolio even with a few thousand rupees. The following stock market guide should help you get enough clarity to start your investment journey without any worry.
In this Article How are ETFs taxed? Exceptions Tax Planning Strategies with ETF Investing in ETFs is a great way to diversify your portfolio and take advantage of tax efficiency. ETFs or Exchange Traded Funds are considered a type of security that tracks an index, commodity, or sector and they are bought and sold by…
Getting worried about the future is a good sign. It means you are thinking ahead and want to save yourself from a financial disaster. Perhaps, it is time to stop worrying and start looking for answers when it comes to effective investment plans. In this article, you will get the solution for a financially secure future and retirement by using effective long term strategies.
Indian stock markets are at an all-time high, and economic reforms by the government are making way for ample opportunities for all. Add to this the power and drive of the youth – one of the highest in the world – and India is the fastest-growing emerging market. The July 2021 World Economic Outlook estimates India’s GDP to grow 9.5% in 2021 and 8.5% in 2022.
It is always sensible to know how much return you are getting from your investments. It is necessary for all types of investment, including mutual funds, stocks, and even a simple savings account. But when it comes to calculating the returns on regular investments, such as the average return on SIP investment, many factors affect…
Warren Buffet is known to have said, ‘Successful investing takes time, discipline and patience. You can’t produce a baby in one month by getting nine women pregnant. So, to become a successful investor, you need time on your side. Long term investing can help you amass a considerable corpus for your long-term goals through compounding…
In this Article What is the importance of portfolio diversification? Why do you need diversified investment? What are the six types of diversification? Earning wealth is not enough, making it grow by making investments is important. Surprisingly, even some high-net-worth individuals are confused about portfolio diversification. You may have made good investments, but you need…
From millennials to senior citizens, portfolio strategies are equally important regardless of age. Mutual funds and exchange-traded funds (ETFs) have been key players in designing these portfolios. They offer a wide range of options and are less risky than investing in individual stocks. Despite their many similarities, it remains to be seen which one is better: ETFs or mutual funds. Before we explain the difference between ETFs and mutual funds, let’s take a look at what ETFs are.
Any discussion on stock markets always revolves around two concepts: risk and return. In both instances, your financial goals as an investor are taken into consideration. For maximum returns, you need different investment strategies based on their risk analysis. One of the best strategies is risk diversification.
Long-term investment means having different types of assets such as securities, mutual funds, stocks, shares, etc., for more than a span of 3 years. Investments should be made for a long span of time, like 3, 5, or 10 years.
Exchange-traded funds, shortly called ETFs, are the financial instruments where the money pooled from various investors gets invested in a basket of monetary assets such as shares, debts, bonds, and derivatives.
Systematic Investment Plan or SIP has enabled investors from all walks of life to enjoy the benefits of a well-managed investment portfolio. Besides encouraging a disciplined savings and investment approach, SIPs have proved instrumental in generating a reasonable amount of wealth, when invested with a long-term perspective. As accessible and easily manageable investment options, SIPs are generally preferred by millennials.
The face of the Indian stock markets has changed considerably in the wake of the pandemic. Mid-cap stocks and small-cap stocks have especially booked stellar returns for their investors since the market rally towards the end of March 2020. Several mid-cap and small-cap stocks outperformed their large-cap peers and recorded new record highs during the past one and a half years.
Index funds are a type of mutual fund scheme in which at least 95% of the portfolio is invested in the securities of a particular index. Index funds track an index, like the Nifty 50, S & P Sensex, etc., and invest in the securities that the index invests in. There is no active fund management as the portfolio mirrors the benchmark index. As such, index funds in India are also called passively managed mutual fund schemes.
Are asset allocation and diversification related to each other? To understand this, we need to first understand what is asset allocation? Asset allocation is a strategy that helps balance return versus risk by adjusting the asset in a portfolio. Asset allocation is done keeping in mind income flow, investment time and goals.
Diversification is the strategy of dividing your funds across different asset classes to minimise your vulnerability to any particular type of investment. This method is designed to assist you in lowering your overall portfolio uncertainty. Understanding the benefits of diversification will help you manage your familiarity with risk against your investment period, which is one of the essential goals of trading.
A systematic investment plan (SIP) allows you to put a small amount in your favorite mutual fund scheme monthly. For Example – With a minimum SIP amount of Rs.500, you can start investing. There is one common question among many beginner investors. That is – how much SIP is good? The easy answer is – Invest at least 20% of your salary. A predetermined sum will be deducted from your bank account every month when you activate a SIP, and it is invested in the mutual fund of your choice. You don’t need a big lump sum of money to get started investing in mutual funds using SIPs.
The famous Greek philosopher Heraclitus once said, “Change is the only constant.” This general philosophy is applicable in the stock market, too. When one thinks about the stock market, the first thought which comes to mind is high returns, immediately followed by volatility.
An ETF stock is a basket of securities that tracks an underlying index. ETFs invest in shares of the companies, fixed income securities including bonds, commodities like gold, and other securities. These securities are called the holding of the ETFs.
When the question is about diversifying your investment portfolio, the term ‘ETF’ is floated frequently. But, what is an exchange traded fund (ETF) and how do you know which one is the best ETF in India for you?
ETFs vs stocks is unarguably one of the most discussed and debated topics in the world of investing. To choose between ETFs vs stocks, one should understand the features and characteristics of each of these instruments. Both ETFs and stocks are traded on the stock exchanges but have distinguishing features like risk factors, diversification, no. of securities, etc. A deep-dive analysis enables investors to make informed decisions on stock market investments and ETF investments.
Exchange-traded Funds (ETFs) are traded just like stocks on an exchange. These funds offer a wide variety of sectors for investors to choose from and helps to create a diversified portfolio for a low-risk investment. It provides a high investment return setup subject to various investment risks associated with it.
Exchange Traded Funds were created first in 1993 in Canada. The ETF Stocks have exploded ever since and in the USA alone, have crossed USD 20 Trillion in trade value over the last year. Investors in India seem to follow a similar trend as the ETF investments have exploded 14X from 2015 to 2021 with Assets Under Management of nearly INR 2,47,000 crores.
Although ETF and mutual funds might look similar, there’s a fine line of difference. An Exchange Traded Fund is not a new concept. It is a basket or collection of instruments having a particular category, allowing investors to invest in all such securities at a fraction of the cost of individual securities. The first ETF was created back in 1993 in Canada. The ETF markets in India have proliferated in the past decade.
The Indian investor diaspora is very unique. Investors are highly cost conscious, often not well informed about financial products, and demand top quality services. Further, the ubiquity of digital solutions in various other sectors has created a preference for seamless and holistic products and services that optimally leverage technology to improve the customer experience. This…
Why do people invest in actively managed funds when there is overwhelming evidence to support that actively managed funds are unable to consistently outperform their benchmarks? According to the recently released S&P Indices Versus Active Funds (SPIVA) Scorecard, in the first half of 2020, the majority of the actively managed equity funds in the Indian…
We are all collectively navigating unprecedented times. The COVID-19 pandemic has had a widespread impact on our lives. It has changed the way we interact with each other and the way businesses engage with their employees and consumers. It has also put the spotlight on risk and the importance of health. When it comes to…
Market Liquidity – Advantages and Pitfalls! It is very difficult to swim in shallow water. However, if you are a good swimmer then you will enjoy swimming in deep waters. On the other hand, if you are a bad swimmer or are carrying too much weight, you can also sink in deep waters. Market liquidity…
How Digitization is Changing the Investment Management Landscape Digitization is creating ‘wow’ moments for customers across industries. Whether it is hybrid retail models that provide online shoppers with a dedicated salesperson or e-pharmacies that will fill and deliver your prescription once you upload it, digital solutions are bridging the distances between businesses and their consumers….
Advised wealth management is charting a new course for investment management Have you ever picked up the newspaper and read about a great investment deal which you would have loved to be a part of but could not access because the threshold limit for investment was very high? Have you wanted to invest as per…
What do ETFs Mean? Exchange Traded Funds or ETFs are an innovative way to invest and have become popular globally ever since their launch in the USA in 1993. ETFs follow the mutual fund model wherein multiple investors pool their funds and a fund manager will invest these funds for them. ETFs can include different…
A big problem we face whilst managing our savings is the complexity of it all. With fixed deposits yielding near zero or even negative (depending on how those are calculated) returns, perforce not just the employed but retires may need to have a look at what sort of returns, post tax, they receive. Furthermore, some…
Odd as it may seem and notwithstanding the recent debacle in the Mutual Fund Industry, we are really spoilt for choice as to how we can manage our savings. Take for example our protagonist who works for an e-commerce major. During the Pandemic, she has had enough of her distributor (of mutual funds) after the market (and her…
Ever noticed the fundamental difference between a Tesla and the cars our parents drove? At the heart of that revolution (electric vehicles have been around almost as long as regular cars) is hereto unseen harnessing of the power of the computer. As the world around us has become more complex (along with an incessant need…
Markets are volatile and my portfolio, after crashing through the floor, is all over the place and in the short term, I don’t know what to do and my advisor/asset managers are telling me to hold the course — it is a common phrase in the markets right now. Unfortunately, most retail investors invest when the…
An Investor’s dilemma: She is an aware professional and executive. In the global turmoil of the past few years, her experience with advisors and distributors hasn’t been great and now she wants to take charge to look at options of how she can do this herself. However, there are a few hurdles. Primarily, what to…
A Big Move: Taking LIC public with an IPO could prove to be one of the Modi govt’s better decisions The Narendra Modi government’s decision to divest from the life insurance behemoth Life Insurance Corporation of India (LIC) through an Initial Public Offering (IPO) might have come as a desperate move at a time the…
Hammered: Cash (or liquid funds in Mutual Fund parlance) gave negative returns, Yet-another-Bank collapsed, Equity Markets tanked, government securities were all over the place (catching yet other mutual fund managers by surprise and Gold lost its luster. Not to mention the lockdown ensured the bottom fell out of the real asset market (including real estate)….
With the markets overheated, the COVID-19 pandemic provided the trigger for a global correction across asset classes. While equities crumbled, flight to safety assets like gold too saw sharp falls leaving investors scurrying for cover in cash and treasuries. As the coronavirus marched on through the EU and onwards to the United States, governments scrambled to…
Each Wealthbasket is unique and opens you to an Investment Strategy or theme managed by experts following intensive research and Investment principles whether it is Smart Beta, Active Strategies, Index tracking ETFs or MFs. Invest in long-term, short-term, thematic, sector based wealthbaskets following research and Investment principles for better risk adjusted returns. 2. Access to…
WealthBasket is a basket of Equities, or ETFs,that helps you build low-cost diversified, long-term as well as short term portfolios. Each WealthBasket reflects an Investment strategy or Theme or an idea with underlying stocks or ETFs or MFs weighted following a rigorous research process. Risk and Return diversification Diversified portfolio protects you against market risk…
Build Wealth, One Basket at a Time First B2B open distribution platform that curates custom investment products across top quality investment advisors that are otherwise not available, inaccessible and undiscoverable to retail investors. Manufacture/launch basket productsBuild your own basket products on top of direct Equities, ETF’s and Mutual Funds. 2.Manage/Rebalance the basket on an AUM…
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Last updated: 03/05/2021
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3.5. If you involve in any of the following activities, then without prejudice to any of the rights of WealthDesk under the law, the License shall automatically revoke without any forenotice.
4.1. You acknowledge and agree that the WealthDesk Platform is provided “as is,” and “as available” basis, without warranty of any kind, either express or implied to the maximum extent permitted by applicable laws. WealthDesk expressly disclaims any and all other promises, representations and warranties, whether express or implied, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, quiet enjoyment, system integration and/or data accuracy in connection with use of the WealthDesk Platform. WealthDesk does not warrant that the WealthDesk Platform, any application service or any other services provided by WealthDesk will meet your requirements or that the operation of the WealthDesk Platform, any application service or any other services will be uninterrupted or error-free, or that all errors will be corrected. WealthDesk make no warranty regarding the quality of the WealthDesk Platform, services, content or product or the accuracy, your inability to use the WealthDesk Platform, or the timeliness, truthfulness, completeness or reliability of any information obtained the WealthDesk Platform.
4.2. No advice or information, whether oral or written, obtained from WealthDesk or through the WealthDesk Platform creates any warranty not expressly made herein. You are solely responsible for all of your communications and interactions with any third-party with whom you communicate or interact as a result of your use of the WealthDesk Platform, including, but not limited to, stock brokers, investment advisors, research analyst, vendors, service providers, among others. WealthDesk makes no representations or warranties as the conduct or quality of services rendered by such third-parties.
4.3. WealthDesk expressly disclaims any liability in respect of any of the above matters.
5. LIMITATION OF LIABILITY
5.1. You acknowledge and agree that, to the maximum extent permitted by law, the entire risk, damages and losses arising out of your access to the WealthDesk Platform and content available thereon, any contact you have with any other third-party operators, brokers, investment advisors, research analyst, vendors, service providers, among others, whether in person or online remains with you. Neither WealthDesk nor any of its employees, representatives, agents, sub-contractors, licensors involved in creating, producing, or operating the WealthDesk Platform and content thereon, will be liable for any incidental, special, exemplary or consequential damages, including theft, delay or non-performance, server error, lost profits, loss of data or loss of goodwill, service interruption, computer damage or system failure or the cost of substitute products or services, or for any damages for personal or bodily injury or emotional distress arising out of or in connection with your use of the WealthDesk Platform or content therein, or inability to use the WealthDesk Platform or content thereon, from any communications, interactions or meetings with any third-party operators, brokers, advisors, research analyst, vendors, service providers, among others whether in person or online or other persons with whom you may communicate or interact as a result of your use of the WealthDesk Platform, whether based on warranty, contract, law, tort (including negligence), product, content or service liability irrespective of whether or not we have been informed of the possibility of such damage, even if a limited remedy set forth herein is found to have failed of its essential purpose.
5.3. Notwithstanding any provision to the contrary, in respect of any loss or claims arising due to any deficiency or delay in use of the WealthDesk Platform, your exclusive remedy and the entire liability of WealthDesk shall be the correction of such deficiency or delay on a going forward basis.
5.4. You acknowledge and understand that the disclaimers, exclusions and limitations of liability set forth in herein form an essential basis of the contract between you and WealthDesk, that WealthDesk has relied upon your acceptance of such disclaimers, exclusions and limitations of liability while agreeing to the provisions of these Terms, and that absent such disclaimers, exclusions and limitations of liability, the agreement constituted hereby would not have been consented to by WealthDesk.
5.5. The provisions of this clause shall survive the termination of the agreement constituted hereby.
6.1. You acknowledge and agree to release, defend, indemnify, and hold WealthDesk and its affiliates and subsidiaries, officers, directors, employees, contractors, sub-contractors and agents, harmless from and against any claims including third-party claims, liabilities, damages, losses, and expenses, including, without limitation, legal fees, arising out of or in any way connected with the access or use of the WealthDesk Platform or content therein by you or any persons or representatives on your behalf.
6.2. WealthDesk acknowledges and agrees to defend, indemnify, and hold you harmless from and against any third-party claims arising out of infringement of any third-party intellectual properties in respect of the WealthDesk Platform (“Infringement Claims”) if you provide WealthDesk with prior written notice of such third-party claims and you give WealthDesk the control to defend and settle any claim as per its discretion. WealthDesk shall allow your legal representative to defend you, provided the control of the entire case regarding the claim remains with WealthDesk.
7. FURTHER TERMS
7.1. WealthDesk reserves the right to amend these Terms at its discretion, without the need to provide prior notice to you. You can review the most current version of these Terms at any time by visiting this webpage. It is your responsibility to check this webpage periodically for changes. If you do not agree with any of the contents of these Terms, you must immediately cease your access and use of the WealthDesk Platform. By continuing to use or access the WealthDesk Platform, you confirm that you have read, understood and accepted each of the provisions of these Terms.
7.2. If WealthDesk cannot perform its obligations hereunder due to an act of God such as a pandemic, an epidemic, government decisions, labour unrest, insolvency, business exigencies, operational and technical issues, international events, change in climate, change in laws, terrorist activity, refusal or delay in performance by third-party service providers, technological issues, server failures, or any other reason beyond the control of WealthDesk, then WealthDesk will be excused from such performance to the extent of such prevention, restriction or interference for the period that it persists.
7.3. You or anyone acting on your behalf, will not directly or indirectly, disparage or denigrate or encourage others to disparage or denigrate WealthDesk or the WealthDesk Platform. You shall not do any act which would adversely affect WealthDesk, the conduct of its business, or its business reputation. For purposes of this provision, the term “disparage” includes without limitation a) any comments or statements or inputs orally or in writing made in any matter or medium in the press or the media whether digital or otherwise or any other social networking sites; b) any publications, post, or otherwise release of any material in written, oral or electronic format; c) any speeches, interviews, or public statements that mentions us, our operations, clients, employees, products, or services with or without our prior written consent.
7.4. You or anyone on your behalf, will not, directly or indirectly solicit, encourage, facilitate, hire, engage, employ, coerce or induce any of our prospects, vendors, advertisers, agents, sales representatives, employees, contractors, consultants, service-providers, or licensees, to curtail their business relationship with WealthDesk. This excludes recruitments conducted pursuant to a non-targeted, general campaign.
7.5. Nothing contained these Terms constitute a relationship akin to a partnership or joint venture between you and WealthDesk or constitute one of them to be a representative or an agent of the other.
7.6. No third-party shall be entitled to make a claim under these Terms against WealthDesk.
7.7. If a court finds any provision of these Terms, or portion thereof to be unenforceable, then (a) the remainder of this Agreement shall continue in full force and effect, and (b) the impugned provision will be modified to the least extent possible so as to render it enforceable. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of this Agreement in any other jurisdiction.
7.8. WealthDesk reserves the right to modify the provisions of these Terms. Any changes made here will be reflected on this webpage. Your continual use of the WealthDesk Platform shall be considered as an acceptance of the amended Terms.
7.9. All disputes in connection with a provision of these Terms shall be resolved by arbitration as per the Indian Arbitration and Conciliation Act, 1996 (as amended). The arbitration shall be conducted in Mumbai in English by a sole arbitrator jointly appointed by you and WealthDesk. If you and WealthDesk are unable to decide on an arbitrator within thirty (30) days, then any of you and WealthDesk may apply to the Hon’ble Bombay High Court under section 11 of the Arbitration and Conciliation Act, 1996 for such appointment. The arbitral award shall be final and binding upon you and WealthDesk You irrevocably and unconditionally agree to the exclusive jurisdiction of the courts in Mumbai, India.
8. CONTACT DETAILS
8.1. The WealthDesk Platform, which includes this website www.wealthdesk.in, is owned and operated by Wealth Technology & Services Private Limited.
8.2. WealthDesk is registered in India under registration number U74999MH2016PTC281896, and its registered office address is: 3rd Floor, A 305, Rustomjee Central Park, Andheri-Kurla Road, Opp. Kanakia Wall Street, Andheri (East), Mumbai – 400059, Maharashtra, India
8.3. You can contact WealthDesk (a) by post: at its registered office address provided above; (b) by email: on email@example.com; (c) by telephone: on the contact number published on www.wealthdesk.in; (d) by Website: by using the contact form on https://wealthdesk.in/contact-us
This document contains the disclaimers that apply to an intended or actual transaction involving WealthBaskets. PLEASE READ THIS DOCUMENT CAREFULLY BEFORE TRANSACTING IN A WEALTHBASKET. If you have a disagreement with any part of this document, then you should not transact in WealthBaskets. By transacting in a WealthBasket, whether on the WealthDesk Platform or otherwise, you accept the disclaimers contained herein and confirm that the exclusions and limitations of liability set out in this document are reasonable.
This document has neither been approved nor disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of the contents of this document.
Wealth Technology & Services Private Limited (“WealthDesk”) is a private limited company which offers a proprietary and technology platform at www.wealthdesk.in and also over microsites created therefrom (including microsites created on third-party websites and applications (jointly “the WealthDesk Platform”). The WealthDesk Platform is a set of proprietary APIs, SDKs, tools, plugins, code, technology, content, and services that enables stock brokers, investment advisors,
research analysts and investors to transact in WealthBaskets over WealthDesk’s digital platforms (website or mobile app) or digital platforms of third-parties which are powered by the WealthDesk Platform. A WealthBasket”
is a selection of Securities in a particular combination that is created and managed by SEBI-registered investment advisors and/or SEBI-registered research analysts which allow you to place purchase orders for such offering through SEBI-registered stock brokers who are registered with the WealthDesk Platform.
REGARDING THE WEALTHDESK PLATFORM
REGARDING INVESTING IN EQUITIES
REGARDING LEGAL MATTERS
Last updated: 03/05/2021
AN IMPORTANT NOTICE FOR INDIVIDUALS WITHIN THE EUROPEAN UNION
The General Data Protection Regulation (GDPR) is a regulation in European Union law on data protection and privacy for all individuals within the European Union (EU) and the European Economic Area (EEA). The GDPR applies to an organisation if it collects data from EU residents or processes such data. We are not involved in either collecting data from EU residents or in processing such data. We do not offer our products or services within the EU and the EEA. As such, we are not required to conform to the stipulations of the GDPR. Therefore, while we endeavour to implement world-class privacy norms, we do not actively seek compliance with the GDPR. If you are an EU citizen, please be advised that by using this Website or transacting with us, you waive all and any entitlement that may otherwise be available to you under the GDPR. We disclaim any liability to ascertain the applicability of GDPR to you and/or to seek your consent of such waiver separately.
AN IMPORTANT NOTICE FOR CALIFORNIA RESIDENTS
The California Consumer Privacy Act (CCPA) is a regulation that is intended to enhance privacy rights and consumer protection for residents of California, United States. The CCPA provides certain rights to California residents with respect to their personal data. The CCPA applies to a business that collects consumers’ personal data, which does business in California, and satisfies certain financial thresholds. We are not involved in either collecting data from California residents or in doing business in California. We do not offer our products or services within California. As such, we are not required to conform to the stipulations of the CCPA. Therefore, while we endeavour to implement world-class privacy norms, we do not actively seek compliance with the CCPA. If you are a California resident, please be advised that by using this Website or transacting with us, you waive all and any entitlement that may otherwise be available to you under the CCPA. We disclaim any liability to ascertain the applicability of CCPA to you and/or to seek your consent of such waiver separately
TERMS USED IN THIS POLICY
In this Policy:
ABOUT THIS POLICY
We understand the importance of data and its privacy. This Policy explains the type of information we collect, how we handle your information and comply with the requirements of applicable privacy laws. All your transactions in WealthBaskets – whether
We recommended that you review the privacy statements and policies of any such third parties with whom they interact. We do not make any representations concerning the privacy practices or policies of such third parties
in this Policy by reference.
OUR COMMITMENT TOWARDS PROTECTING PERSONAL INFORMATION
Your privacy is important to us. We will use your personal information only in the manner set out in this Policy. We are committed to safeguarding the privacy of our website visitors, clients, prospects, and other third-parties. This Policy sets out how
we deal with your personal information.
Our commitment towards protecting your personal information includes the following obligations:
WHAT DATA DO WE COLLECT OR PROCESS ABOUT YOU, AND FOR WHAT PURPOSE?
We collect information, including personal data, about you to be able to make the WealthDesk Platform and Services useful to you. This information may be collected by us from the data which you give to us while using our Services or transacting in WealthBaskets
using the WealthDesk Platform or any third-party sites. We may also derive your information from other sources. Such information may, inter alia, include the following:
We may process the data that we have about you, in the following manner.
In addition to the specific purposes for which we may process your personal data set out in this Section, we may process any of your personal data identified in this Policy where necessary for:
We may use your data for the following purposes.
WHOM DO WE SHARE YOUR DATA WITH?
Your personal data shall never be shared without your consent. You hereby permit us an expressly consent to the use of your personal data for the purposes listed below.
We may share your data with legal or statutory or regulatory agencies or authorities; our employees, officers, advisors and agents; our partners, transactional counterparties such as including stock brokers, investment advisors, research analysts, suppliers or service providers acting on our behalf (as the case may be), etc. solely for the purposes listed in this Policy.
We may share the information given by you with third parties where we feel that such third parties may improve the quality of services imparted by us to you.
We may share your personal data with our service providers, ad-servicers, ad-platforms and third parties for research, marketing, analytics and other purposes, provided such information does not identify you particularly. We may share legally permitted information with third party that we may engage to perform certain tasks including but not limited to payment processing, data hosting, and data processing platforms to understand how you engage with us and develop an understanding
of how you prefer to interact with us. We may hire such third party for market research, surveys, etc. and may provide them with legally permittable information specifically for use in connection therewith. All such information
will be shared in a manner which does not identify you particularly.
We may collect financial information and disclose the same to third-parties as necessary to complete billing operations. We may require you to make payments for the Services availed by using your credit card, wire transfer, debit card or cheque/cash. Verification of credit information, however, is accomplished solely by you through the authentication process. Your credit card/debit card details are transacted upon secure sites of approved payment gateways which are digitally under encryption, thereby providing the highest possible degree of care as per current technology. We provide you an option not to save your payment details. You are advised, however, that internet technology is not fully safe and you should exercise discretion while using the same.
In addition to the specific disclosures of personal data set out in this Section, we may disclose your personal data where such disclosure is necessary for compliance with a legal obligation to which we are subject, or in order to protect your vital interests or the vital interests of another natural person. We may also disclose your personal data where such disclosure is necessary for the establishment, exercise or defence of legal claims, whether in court proceedings or in
an administrative or out-of-court procedure.
We only share your personal data on a partial and “need-to-know” basis with any third party. We shall take all reasonable steps to ensure that the confidentiality of your information is maintained by imposing strict confidentiality standards on all the third parties with whom we part this information. In all circumstances we shall ensure that your personal information is protected by strict confidentiality agreement. We shall not allow any third parties to retain your personal information longer than what is warranted by the nature of services rendered.
By agreeing to avail the service offered by WealthDesk, you agreed to the collection, use and sharing of your personal data or Information by WealthDesk as per the terms of this Policy. You always have the right to refuse or withdraw your consent to share/dissemination of your personal data by contacting us as per the details provided in this Policy. However, in such an event, you may no longer be eligible to avail our services.
We will not sell, share, rent or otherwise intentionally transfer your name, address, telephone number or e-mail address to market research companies, direct marketing companies or anyone else. The only exceptions when we may disclose your personal information to third parties are as follows:
WHERE DO WE PROCESS AND STORE YOUR DATA?
Your data will be processed and stored in India.
HOW LONG DO WE RETAIN YOUR DATA?
Your personal data that we process for any purpose or purposes shall not be kept for longer than is necessary for that purpose or those purposes. Subject to exceptions based on your continuing use of the WealthDesk Platform, we intend retain your personal
data as follows:
In some cases, it is not possible for us to specify in advance the periods for which your personal data will be retained. In such cases, we will determine the period of retention based on the following criteria:
|Sr. No.||Category of Data||Factors on which period of retention will be based|
|1.||Usage data||Parameters of usage being analysed|
|2.||Response data||Requirements of law|
|3.||Profile data||Nature of utilization of profile|
|4.||Service data||Nature of Service; requirements of law|
|5.||Publication data||Means of publication; citation of publication in other works|
|6.||Enquiry data||Means of enquiry; nature of Service enquired for|
|7.||Customer relationship data||Nature of relationship; requirements of law|
|8.||Transaction data||Nature of transaction; requirements of law|
|9.||Notification data||Terms of opt-in|
|10.||Correspondence data||Nature of correspondence; requirements of law|
Notwithstanding the foregoing provisions of this Section, we may retain your personal data where such retention is necessary for compliance with a legal obligation to which we are subject, or where we reasonably believe that the retention of such data is required in order to protect your or any third-party interest.
WHAT ARE YOUR RIGHTS REGARDING YOUR DATA WITH US?
This Section summarises the rights that you have in respect of your data. Please note that some of the rights available to you are subject to the requirements of the applicable law. You may peruse the relevant laws for a complete understanding your rights.
Your principal rights concerning your personal data are as below:
You have the right to object to our processing of your personal data for direct marketing purposes (including profiling for direct marketing purposes). If you make such an objection, we will cease to process your personal data for this purpose.
You have the right to object to our processing of your personal data for scientific or historical research purposes or statistical purposes on grounds relating to your particular situation, unless the processing is necessary for the performance of a task carried out for reasons of public interest.
You may exercise any of your rights in relation to your personal data by a written notice to us. In order for us to comply with your request, your notice must clearly state the right that you wish to exercise and identify your information in respect of which you wish to exercise such right. Please note that as a security measure, we may require you to verify your identity before accepting any request concerning your personal data.
A cookie is a file containing a unique identifier (a string of letters and numbers) that is sent by a web server to a web browser and is stored by the browser. The identifier is then sent back to the server each time the browser requests a page from the server. Cookies do not typically contain any information that personally identifies you, but personal information that we store about you may be linked to the information stored in and obtained from cookies. You may change
the options on your web browser and block cookies. However, blocking cookies may disable certain features on the WealthDesk Platform, and may hinder an otherwise seamless experience to use our Services.
Cookies may be either “persistent” cookies or “session” cookies: a persistent cookie will be stored by a web browser and will remain valid until its set expiry date, unless deleted by the user before the expiry date; a session cookie, on the other hand, will expire at the end of the user session, that is, when the web browser is closed. We use both Session and Persistent Cookies for the purposes set out below:
Most browsers allow you to refuse to accept cookies and to delete cookies. The methods for doing so vary from browser to browser, and from version to version. You can however obtain up-to-date information about blocking and deleting cookies via these
SECURITY OF YOUR DATA
We will make commercially reasonably efforts to secure the data provided to us and adopt reasonable security practices to ensure that the information collected is secured as per the standards required by applicable laws in India. Our information security policy may contain managerial, technical, operational and physical security control measures that may be commensurate with the information being protected herein. We are committed to continuously develop and implement administrative,
technical and physical security measures to protect such information from unauthorized access or against loss, misuse or alteration. While we endeavour to take all reasonable and appropriate steps to keep secure the information
collected and prevent unauthorized access, you acknowledge that the internet is not entirely secure and that we cannot and therefore do not provide any absolute assurance regarding the security of the information collected.
LINK TO OTHER WEBSITES
You may receive email updates from us through our newsletters, surveys, offers, and other promotional materials related to our Services. We hope you will find these updates interesting and informative. If you wish not to receive them, please click on the “unsubscribe” link or follow the instructions in each message.
You may share your feedback and comments with us, including that relating to an issue or incidence. To report an incidence regarding your data, you may contact us using our contact details and inform us about such incidence.
LIMITATION OF LIABILITY
We are not be responsible for verifying the authenticity of the information supplied by you. In case of any erroneous data, our liability is limited to removal of such data from our system. We are not liable for any data loss or theft due to an unauthorized access to your computer or device. We shall not be responsible for any breach of security or for any actions of any third parties that receives your personal data or events that are beyond our reasonable control including,
We may generate derived data and anonymous statistical information based on the data available on the WealthDesk Platform. Such derived data and anonymous statistical information shall not identify you at a personal level, and shall be exclusively our property. We may use such data or information for any legitimate purpose as we may determine, without any compensation to you.
This Website is owned and operated by Wealth Technology & Services Private Limited.
We appreciate you taking the time to read this policy. We know that you are placing your trust in us when you choose to share your personal information with us and we intend to use it responsibly.