Nsuregrowth - Purchase Process
a. Receipt of Proposal
a. After discussing the investment with the investment advisory, an approval email is sent to the DMD by the advisory , requesting authorization to begin the documentation process. The email outlines the investment rationale, allocation of funds, and potential management of current investments including redemption, if necessary
b. Approval
a. DMD sends the approval for the investment as discussed, to the advisory & intimates Mr. Vinod Agarwal (CFO) on the same to proceed with the investments further. The whole conversation from proposal to approval is done on mail .
c. Risk - Return Analysis
Upon receiving the proposal, the management evaluates several key factors before making any investment decisions. The prioritized considerations include:
The expected return on investment.
The lock-in period for the invested funds.
The associated risk factors of the investment.
The credibility and track record of the fund manager handling the investment.
d. Receipt of Details
After receiving approval for the investment, Partha reaches out to the advisory to request information on the fund structure, the due date for the payment of the drawdown amount, and other pertinent details that would be required to proceed further with the investment along with bank details for transferring funds for the investment. These details are needed to initiate the process of payment includes the down payment and any drawdown amounts, if applicable.
e. Documentation
a. A request for certain documents is received from the advisory. These documents, such as PAN Card, Address Proof, Bank Proof, MOA, Board Resolution, etc., are then forwarded to the advisory. Previously, hard copies were dispatched by a peon, but since September 30th, 2023, due to new regulations by SEBI, scanned copies of these documents are requested to be uploaded on the fund house portal. Consequently, a representative from the advisory visits our office to scan and upload the documents for their records which is at the time of uploading approved by the OTP received on the mobile no. of the person ,whose Aadhar is given for proof (Mr. Vinod Agarwal)
f. Payment
a. As per the terms of the contract initially, a downpayment is made directly to the fund house account when investing in the PMS. Subsequently, in accordance with the contract terms, the drawdown amount is periodically remitted to the fund house. If management fees are levied by the Intermediary, TDS is deducted from these fees before recording the amount in the management fees ledger.
b. Upon receiving the email containing the bank transfer details, Partha forwards the bank details and fund transfer information to the HOD requesting him for approving the payment marking Chandrani in the email .
The required payment is made through RTGS/NEFT as the case may be. To know the payment process please refer to the Head Bank & Cash Transactions where it is described in detail.
g. Confirmation of Payment
a. After making the payment to the fund house, Partha sends an email to the advisory the bank details, including the UTR No., to confirm that the payment has been successfully made to the respective fund house