Last Updated - 23rd Feb 2019
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Upstox(RKSV) as a Stock Broker is not directly providing IPO Investment service, however if you have demat and trading account with Upstox(RKSV), 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(RKSV) DP account details. After allotment, you can use your Upstox(RKSV) Trading account to trade and sell in your holding of shares.
Step to Invest in IPOs with ASBA using Upstox(RKSV) demat 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:
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.
SEBI List of SCSB >> List of Self Certified Syndicate Banks
NSE SCSB >> List of Self Certified Syndicate Bank
BSE SCSB >> List of Self Certified Syndicate Bank
Where can I find my Upstox(RKSV) DP Account Number?
You can find Upstox(RKSV) Depository Account Number from welcome letter sent to you, back office software, your monthly demat holding statement or calling Upstox(RKSV) Customer care number.
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:
How to invest in Mutual funds with Upstox?
How much brokerage I need to pay for investing in Mutual Funds?
Zero, Mutual Funds investment with Upstox is Free.
Can I start Mutul Funds SIP with Upstox?
No, Upstox is not providing MF SIP facility. Upstox MF SIP is coming in future release.