- 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
- On an average, loss makers registered net trading loss close to ₹ 50,000.
- Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
- Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
VRM SHARE BROKING PVT LTD
About Us
VRM Share Broking Private Limited, founded in 2000, started as a stock broking firm. Over the last 2 decade, our organization has evolved into a conglomerate of companies, providing a comprehensive range of financial products and services. Our offerings encompass securities broking, catering traditional brokerage needs. Additionally,
As a corporate member of NSE, we possess the privilege to trade in equities and derivatives products. MR Share Broking Private Limited, one of our associate company, holds the status of DP of CDSL. Our operational practices adhere strictly to a well-defined risk management system and settlement mechanism, ensuring complete compliance.
Attention Investor
Issued in in the interest of investors, by Regulators
- KYC is one-time exercise while dealing in securities markets. Once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.). you need not undergo the same process again when you approach another intermediary. -issued in the interest of investors.
- No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as money remains in investor's account.
- Prevent unauthorised transactions in your demat account→ Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day-issued in the intere/> st of investors.
- Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
- SCORES: Filing of complaints on SCORES-Easy & quick - a) Register on SCORES portal b) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, Email ID c) Benefits: i. Effective communication ii. Speedy redressal of the grievances EXCHANGES: Prevent Unauthorised transactions in your account→ Update your mobile numbers/emall IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/emall at the end of the day.
Advisory for Investors
- 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 websites here: a BSE b. NSE.
- 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.
- 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.
Verification of KYC attributes of clients
- We refer to BSE / NSE / CDSL circulars in accordance to which, following 8 KYC attributes are being made mandatory for all categories of investors and investors are required to validate the same even for their existing trading and demat accounts also. Following information needs to be validated by you, so as to ensure that not only all of important details of your accounts are correctly updated across in KYC and you get timely information but also to ensure that you can enjoy seamless and uninterrupted trading and demat transactions with us.
• Name • Complete Address • Pin Code • PAN • Category • Mobile Number • Email Id • Income Details - Kindly arrange to get the information verified/updated at the earliest but not later than 31st March, 2022. In case of non-compliance of above, the status of your trading/demat account shall be marked as "closed" by exchanges and debits shall be restricted by depository respectively. Thus no trade and/or debit shall be allowed in such trading or demat account (except for settlement of already open positions). This is as per the directive of the regulator.
- To complete your verification / updation process online, please click here.
Securities as Margin by way of Pledge
- Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w. e. f. September 1, 2020.
- Update your mobile number and email id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
- Pay 20% upfront margin of the transaction value to trade in cash market segment.
- Investors may please refer to the Exchanges' Frequently Asked Questions (FAQs) issued vide NSE circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and BSE notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time-to-time in this regard.
- Check your Securities / Mutual Fund/Bonds in the consolidated account statement issued by NSDL/CDSL.
Advisory-KYC Compliance
- All investors are requested to take note that 6 KYC attributes Le. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
- The last date to update KYC is on or before March 31, 2022.
- Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
- The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
- On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
- The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
- To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
- The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
Risk Disclosures on Derivatives
- 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
- On an average, loss makers registered net trading loss close to ₹ 50,000.
- Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
- Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost. 1. SEBI study dated January 25, 2023 on "Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment", wherein Aggregate Level findings are based on annual Profit Loss incurred by individual traders in equity F&O during FY 2021-22.
Precautions to be taken by clients while trading in derivatives / options and avoid practices such as:
- Sharing of trading credentials : login id & passwords including OTP's.
- Trading in leveraged products like options without proper understanding, could lead to losses.
- Writing/selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks.
- Trading in "Options" based on recommendations from unauthorised/unregistered investment advisors and influencers.
- Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.
INVESTOR GRIEVANCES ESCALATION MATRIX - VRM SHARE BROKING PRIVATE LIMITED
| Details of | Contact Person | Address | Contact No | Operational/Working Hours | |
|---|---|---|---|---|---|
| Customer Care | Vijay Kumar Moyal, Manish Dedhia | 285, Princess Street, C J House, Marine Lines Mumbai 400002 | 022-66228025/52 | info@vrmshares.com | Monday to Friday 9:AM TO 6:00 PM |
| Head of Customer Care | Yogesh Kumar Lakhotia | 285, Princess Street, C J House, Marine Lines Mumbai 400002 | 022-66228060 | yogesh@vrmshares.com | Monday to Friday 9:AM TO 6:00 PM |
| Compliance Officer | Raj Kumar Pandey | 285, Princess Street, C J House, Marine Lines Mumbai 400002 | 022-66228057 | rkpandey@vrmshares.com | Monday to Friday 9:AM TO 6:00 PM |
| CEO & MD | Ramautar S Jhawar | 285, Princess Street, C J House, Marine Lines Mumbai 400002 | 022-66228055 | rjhawar@vrmshares.com | Monday to Friday 9:AM TO 6:00 PM |
In absence of response/complaint not addressed to your satisfaction, you may lodge a complaint with:
SCORE- https://scores.gov.in/scores/Welcome.html
CDSL E-voting - https://www.evotingindia.com/
NSDL E-Voting - https://www.evoting.nsdl.com/
SmartODR - https://smartodr.in/login
Important Links:
BSE - https://www.bseindia.com/
NSE - https://www.nseindia.com/
SEBI - https://www.sebi.gov.in/
CDSL - https://www.cdslindia.com/
NDSL - https://nsdl.co.in/
BO Center - https://evoting.cdslindia.com/Evoting/EvotingLogin
For Transfer of Funds for Trades, Margin and Pay-in obligation Our Bank Details as follow:
Bank Account No-00600140000100
Account Name- VRM Share Broking Private Limited- USNCBA
Bank Name and Branch- HDFC Bank Limited, Fort, Mumbai
IFSC Code- HDFC0000060
FAQ on Upstreaming of Client Funds by Stock Broker
INTERNAL CONTROL POLICY & PROCEDURES
A STEP-BY-STEP GUIDE TO ACCOUNT OPENING
Procedure for filing a complaint on a designated email id/Website
Notification on segregation and monitoring of collateral at client level
SCORE- https://scores.gov.in/scores/Welcome.html
CDSL E-voting - https://www.evotingindia.com/
NSDL E-Voting - https://www.evoting.nsdl.com/
SmartODR - https://smartodr.in/login
Important Links:
BSE - https://www.bseindia.com/
NSE - https://www.nseindia.com/
SEBI - https://www.sebi.gov.in/
CDSL - https://www.cdslindia.com/
NDSL - https://nsdl.co.in/
BO Center - https://evoting.cdslindia.com/Evoting/EvotingLogin
For Transfer of Funds for Trades, Margin and Pay-in obligation Our Bank Details as follow:
Bank Account No-00600140000100
Account Name- VRM Share Broking Private Limited- USNCBA
Bank Name and Branch- HDFC Bank Limited, Fort, Mumbai
IFSC Code- HDFC0000060
FAQ on Upstreaming of Client Funds by Stock Broker
INTERNAL CONTROL POLICY & PROCEDURES
A STEP-BY-STEP GUIDE TO ACCOUNT OPENING
Procedure for filing a complaint on a designated email id/Website
Notification on segregation and monitoring of collateral at client level
NAMES AND CONTACT DETAILS OF ALL KEY MANAGERIAL PERSONNEL
| Serial No-1 | Name of Individual | Designation | Mobile No | |
|---|---|---|---|---|
| 1 | Ramautar S Jhawar | Designated Director | 9322275723 | rjhawar@vrmshares.com |
| 2 | Vinit R Jhawar | Director | 9920729831 | vineet_jhawar@hotmail.com |
| 3 | Raj Kumar Pandey | Compliance Officer and Principal Officer | 9322272483 | rkpandey@vrmshares.com |
BASIC DETAILS OF STOCK BROKER
| Stock Broker Name | Registeration No | Registered Address of Head Office | Branch Address if any | Contact No | Email-Id |
|---|---|---|---|---|---|
| VRM SHARE BROKING PVT LTD | INZ000256739 | 3A 1ST FLOOR PLOT NO-285, CHATURBHUJ JIVANDAS BUILDING SHAMALDAS GANDHI MARG, MARINE LINES EAST MUMBAI 400002 | Not Applicable | 022-66228025/44/45/50/52/57/60 | info@vrmshares.com |