KYC norms for smallcases
Wednesday, Aug 31, 2022
Smallcase is a basket of stocks tailor-made by experts, based on a particular theme or a strategy. The use purpose of every smallcase is different, but they all serve one goal: wealth creation. Each smallcase is a professionally managed basket of stocks or ETFs that reflects a strategy, idea, or theme. Investing in smallcase is relatively easy as you get to invest in a basket of stocks in just one single click.
Before investing in smallcase, it becomes important to understand the process one needs to follow. No matter which smallcase you decide to invest in, the process remains the same.
KYC i.e., Know Your Customer procedure helps financial entities like us verify the customer identity so that no fraudulent activities take place in another person’s name. It is a type of process that ensures smooth onboarding for the customer as well as the service provider.
KYC in the case of smallcase is a minimal and zero time-consuming process. If you already invest in securities, you must have a Demat Account. Investors holding Demat and trading accounts with the supported brokers can directly log in using their existing account. Smallcase managers like Green Portfolio, do not have a separate KYC procedure. The minimal details that are needed by us are your Name, Date of Birth, and Permanent Account Number (PAN) for the billing and KYC confirmation process.
Easy, right? Make an account, enter the necessary details, select the smallcase you want to invest in, and start your investing journey. Apart from getting a ready-made basket of stocks which saves you time and headache of tracking the market performance, you get to invest without any long verification process or add-on point.
Yes, the process of investing can be quite cumbersome. From figuring out your risk appetite to picking up the right stocks, it can be chaotic, especially if you’re new to the investing world. Thanks to new-age platforms like Zerodha, they’ve made investments so much easier. Equity investments have been growing ever since the pandemic began. A growing number of Demat accounts is proof of that. So, what are you waiting for?
Check out the various small cases published by Green portfolio at https://greenportfolio.smallcase.com/ and start your investing journey with just 3 simple steps today.
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