Account Opening Procedure

Indian Resident | Non-Resident Indian

The procedure to start PMS account for Resident clients (Individual, Joint Account and HUF) is as follows:

  1. Our Client relationship officer will connect with the Client to elaborate the process and provide the requisite documents which are to be filled and submitted.
  2. After submission of necessary details & signed documents, we will acknowledge the receipt of the documents and initiate the account opening process.
  3. If all the physical documents are proper and there are no observations/objections/further requirements, demat account shall be opened within 3-4 working days.
  4. Client can either transfer funds and/or securities to the minimum of Rs. 50 lacs.
  5. In case, client is transferring funds, following are the bank details of pool account:
    Bank Name: Induslnd Bank Ltd
    Bank Branch: Fort Branch
    Account Name: Kriis Portfolio Private Limited
    Account Type: Current Account/Pool account
    Account Number: 250556044873
    IFSC Code: INDB0000033
    MICR code: 400234009
  6. In case, client is transferring listed and liquid securities into their demat account with KRIIS from the demat account (which is in the client’s name only), the following steps/actions shall be taken:
    -We will share Client Master List which shall be forwarded by the client to their broker and securities be transferred.
    -We will need date and cost of acquisition of securities for our accounting and proper presentation of future reports.
  7. Once we receive the funds and/or securities, the same shall be confirmed on client’s registered email address.
  8. Congratulations…! Client account is activated.
  9. After the account is activated, signed copy of all the documents will be delivered at client’s registered address.

Details required for Individuals to open a Demat account with Nuvama Wealth and Investment Limited

First Applicant

1 Maiden name (if any)
2 Mother name
3 Marital Status
4 City of birth
5 Occupation
6 Gross annual Income p.a for last 3 financial years (Only Amount is required)
7 Networth not older than 1 year (Only Amount and date is required)
8 Email address
9 Contact details

In case applicant is a minor, a guardian needs to be appointed.

Following are the details required for a guardian:

1 Relationship
2 Email address
3 Contact details

For a Nominee:

1 Relationship
2 Email address
3 Contact details

In case a nominee is a minor, a guardian needs to be appointed for the nominee.

Following are the details required for a guardian:

1 Relationship
2 Email address
3 Contact details

Second Applicant

1 Maiden name (if any)
2 Mother name
3 Marital Status
4 City of birth
5 Occupation
6 Gross annual Income p.a for last 3 financial years (Only Amount is required)
7 Networth not older than 1 year (Only Amount and date is required)
8 Email address
9 Contact details

Details required for an HUF to open a Demat account with Nuvama Wealth and Investment Limited

1 Date of commencement of business
2 Nature of business
3 Gross annual Income p.a for last 3 financial years (Only amount is required)
4 Networth not older than 1 year (Only amount and date is required)
5 Email address
6 Contact details
7 Co-parceners details (Name, Relationship, Date of Birth, PAN)

Download Documents


Portfolio Investment

The procedure to start your PMS account is as follows:

  1. Our Client relationship officer will connect with the Client to elaborate the process and provide the requisite documents which are to be filled and submitted.
  2. After submission of necessary details & signed documents, we will acknowledge the receipt of the documents and initiate the account opening process.
  3. Clients should have NRE/NRO account with HDFC Bank only. If client is an existing customer of HDFC Bank, we will provide to the client with NRE & NRO – Extension form. If Re-KYC is due in HDFC Bank, we would require self-attested KYC documents of the client or else all the KYC documents need to be notarised along with self-attestation.
  4. Client’s demat account will be opened with Nuvama Wealth and Investment Limited
  5. If all the physical documents are proper and there are no observations/objections/further requirements, bank and demat account shall be opened within 7-10 working days.
  6. Client can either transfer funds and/or securities to the minimum of Rs. 50 lacs.
  7. Bank details for transferring funds shall be provided to the client once the bank account is opened.
  8. In case, client is transferring listed and liquid securities into their demat account with KRIIS from the demat account (which is in client’s name only), the following steps/actions shall be taken:
    • We will share a Client Master List which shall be forwarded by the client to their broker and securities be transferred.
    • We will need the following documents for our accounting and proper presentation of future reports:
      • Original Copy of No Objection Certificate (NOC)/Letter from Previous Bank with Stamp and Signature.
      • Original Copy of Latest Holding Statement from Previous Bank (containing balance quantity, Purchase Date and Purchase Value/Purchase Rate per share) with Stamp and Signature.
      • Latest Demat holding Statement
  9. Once we receive the funds and/or securities, the same shall be confirmed on client’s registered email address.
  10. Congratulations…! Client account is activated.
  11. After the account is activated, signed copy of all the documents will be delivered at client’s registered address.

Details required to fill KYC Form Individual:

  1. Recent Passport size photographs (2 photos)
  2. Maiden name (if any):
  3. Mother name:
  4. Marital Status:
  5. Citizenship:
  6. City of birth:
  7. Occupation:
  8. Resident Status – Non Resident Indian/Foreign National/Person of Indian Origin:
  9. Gross Annual Income p.a for last 3 financial years (Only amount is required):
  10. Networth not older than 1 year (Only amount and date is required):
  11. Email address and contact details of a person whose account is to be opened:
  12. Tax Residence of country other than India – Please provide country name, Tax Identification number, Identification Type (TIN or other), ISO 3166 Country Code (of Jurisdiction of Residence) and address:
  13. Email address and contact details of Nominee:
  14. Email address and contact details of Guardian if Nominee is a minor:

*Please note that in case of a Joint account, above details of both the holders have to be submitted.

Download Documents


PMS Account opening form with KRIIS


Bank Account opening form


KYC/Demat Form

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