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Online IPO & Mutual Funds Investments with Upstox 2019

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Upstox IPO and Mutual Funds Investment

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IPO Investment through Upstox

Upstox as a Stock Broker is not directly providing IPO Investment service, however if you have demat and trading account with Upstox, you can still apply in IPOs. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channel through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).

You can apply in IPOs with any of the self-certified syndicate banks by providing Upstox DP account details. After allotment, you can use your Upstox Trading account to trade and sell in your holding of shares.

Current and Upcoming IPOs investment with Upstox

Step to Invest in IPOs with ASBA using Upstox demat account:

  • Login into your net banking account.
  • Go to Investment options, Select IPO.
  • Under IPO Page – Select the IPO you wish to invest.
  • Provide the required information like PAN No, Demat Account Number (Upstox - 16 digit DP Number) and number of shares and bid price (including option to select cut off price).
  • Submit application subject to availability of clear balance in your bank account.

Detail Article on ASBA Process for IPO Investment >> Read

Note: Client having account in those bank who are not offering paperless ASBA application or those client who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client’s bank for blocking required amount in client ‘s bank account.

What type of account I need to invest in IPO?

To invest in IPO, you need to have:

  • Bank account with Self-Certified Syndicate Bank.
  • DP account with Upstox.
  • Trading Account to trade in holding of shares.

Where can I find the Self-Certified Syndicate Bank branches list?

List of Self-Certified Syndicate Banks under the ASBA facility are available on SEBI, NSE and BSE Sites.

Where can I find my Upstox DP Account Number?

You can find Upstox Depository Account Number from welcome letter sent to you, back office software, your monthly demat holding statement or calling Upstox(RKSV) Customer care number.

Mutual Fund Investment with Upstox:

In 2017, Upstox added online mutual fund service in its portfolio, with this existing Upstox clients can diversify their portfolio by investing in mutual funds online. Investing in mutual fund through Upstox is brokerage-free that means zero brokerage charges and it is similar to investing in stocks. Mutual fund purchases are enabled for only those clients who have Upstox Demat Account. Upstox MF providing services with below given AMC:

  • UTI Asset Management Company Ltd
  • SBI Funds Management Private Limited
  • Birla Sun Life Asset Management Company Limited
  • Reliance Nippon Life Asset Management Limited
  • DSP BlackRock Investment Managers Private Limited
  • Canara Robeco Asset Management Company Limited
  • HDFC Asset Management Company Limited
  • Kotak Mahindra Asset Management Company Limited(KMAMCL)
  • Franklin Templeton Asset Management (India) Private Limited
  • Tata Asset Management Limited

How to invest in Mutual funds with Upstox?

  • Login to your upstox broking Account.
  • Select Investment Offerings > Mutual Funds.
  • Select fund, schema type, plan type> select amount or units
  • Review and Confirm

How much brokerage I need to pay for investing in Mutual Funds?

Zero, Mutual Fund investment with Upstox is Free.

Can I start Mutual Funds SIP with Upstox?

No, Upstox is not providing MF SIP facility. Upstox MF SIP is coming in future release.

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Last Updated on 27th Jun 2019

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