KRIIS considers client privacy to be a fundamental aspect of its relationship with clients. It strives to maintain the highest standards of confidentiality. It is committed to protect the privacy and confidential information of its clients and to ensure the confidentiality of personal information obtained to understand the client’s needs and for legal compliance.

We may, if required by applicable laws, rules, and regulations, disclose the identity of the client to the issuer of securities held as part of the assets or to the agents of such issuer upon the request of such issuer or to any government body, without further consent from the client.

Further, we may also disclose the identity of the client to any third party, as it may deem necessary for rendering the services under the portfolio investment management agreement.

a)  Fixed Fees

Zero fixed management fees.

b)  Performance Fees for Discretionary and Non-Discretionary Services

• Performance-based management fees would be charged based on performance over and above a hurdle rate of 5%. In case the portfolio return achieved is above the hurdle rate, a performance fee would be charged on the incremental return, at 20% per annum.
• We shall charge performance-based fee only on an increase in portfolio value in excess of the previously achieved high watermark.
• All the above fees would be charged on a pro-rata basis for accounts opened during the quarter.
• All fees will incur GST @ 18% as applicable.
• In case the performance of the portfolio is below the hurdle rate of 5% in any year, we would have to make up for this hurdle rate and the subsequent year’s hurdle rate before the performance fee would be applicable.
• The client will be billed on an annual basis at the end of the month in which his/her account is activated. (E.g. if the account is opened on January 12, 20XX, the first bill will be raised on January 31, 20XX and every subsequent bill will be raised on January 31 of subsequent years).

c)  Demat and Bank Charges

• No Demat charges and bank charges will be charged.

d)  Other Charges:

The following are the fees charged by other intermediaries in the portfolio management process and paid directly to the respective intermediary.

Custodian (Edelweiss Custodian Services Limited)

• Fixed custodian fees is 0.03% plus GST @ 18% of average assets under custody per annum.
• No transaction fees will be levied.

Brokerage (Edelweiss Broking Ltd.)

• Brokerage fees is 0.10% of the transaction value plus GST @ 18% and other statutory levies paid directly to the broker included in the contract note.

All the regulatory charges are subject to change as per the notification from the government from time to time.

A Chartered Accountant and Wealth Manager (ICAI) by qualification CA Rakesh Doshi began his journey by setting up his chartered accountant firm in 1996 by the name of Rakesh Doshi & Associates. Along with running his firm, he ran the equity investment and wealth management division at his family firm (since 1996).

He has an umbrella of specialties with several skills under his vast forte. Some of these include debt syndication, liaison for public offerings, the listing of financial instruments, private placements, corporate debt restructuring, management consultancy services, statutory and internal audits as per Indian law, investigation audit, and preparation of tax return for residents and NRIs. He has also been successfully providing several other corporate advisory services in the same field.

Along with his long-running professional career, his hunger for knowledge is behind his accomplishment of several certifications like Behavioural Finance & Value Investing with Sanjay Bakshi (July 2017), Value Investing Blueprint with Vishal Khandelwal (August-October 2017), and The Art of Investing with Neeraj Marathe (July 2018) from the Flame University. And to top it all up, he is also currently pursuing the Chartered Financial Analyst (CFA) course. Recently, he received a certification as a Wealth Manager from ICAI. To play his part in giving back to society, he is on the board of trustees in ‘JYOT’, an educational religious charitable trust.

A qualified chartered accountant, she has been practicing at Rakesh Doshi & Associates since the year 2000. She has a vast experience of 19 years in the field of finance, accounts, taxation, and statutory and tax audit.

Owing to her immense experience she has been proficiently rendering specialized services in financial planning, corporate advisory, and compliances under various corporate laws, legal due diligence, and appearance and representation before authorities like SEBI and the Income Tax Department.

She has also completed the AMFI-Mutual Fund (Advisors) module of the NCFM held by the NSE. Recently, she has received her certification as an Anti-Money Laundering Expert from the ICAI.

Ajit Roongta, an investment advisor, oversees equity research and PMS at KRIIS. He has a rich experience of 32 years in the Indian Capital Market (Equity and Derivatives). He held the positions of the fund manager at IDBI capital and MD and CEO at Venus Advisory Services Pvt. Ltd. He worked in the role of an arbitrator with the Bombay Stock Exchange, advisor to Bank of  Maharashtra and Stock Holding Corporation of India Ltd.

Ajit is a Fellow Chartered Accountant (ICAI), Cost Accountant (ICWAI), and Investment Advisor (SEBI). Apart from garnering experience and mastering several areas of work, Ajit has developed his own logic in trading Indian Equities.

Bhavya is a finance enthusiast, with diverse experience. He is currently pursuing his Bachelor of Science – Economics & Finance from Bentley University, Massachusets, United States of America. At Bentley, he acts in the role of a Senior Analyst at the Bentley Investment Group where he has developed various models that provide competitive analysis of consumer sector companies. Before this, he interned at a portfolio management services firm by the name of Banyan Tree Advisors as a Junior Analyst. He prepared business models, developed spreadsheets, and assisted in the valuation of multiple companies along with analyzing market trends in several industries. To extend his management experience in sales, he also interned as a sales associate at Manba Finance, an NBFC. He handled multiple walk-ins, prepared sales contracts, and was responsible for customer relationships.

Bhavya is always keen to upgrade his skills and has a brilliant mix of technology clubbed with finance, which is the need of the hour, in his portfolio of qualifications. He has completed several certificate courses in Data Analytics, Linear Algebra, Python, and a Financial modelling course. He is well equipped with database software like Bloomberg, Ace-Equity, and Factset. Recently, he also completed a course in Behavioural Finance with Sanjay Bakshi from Flame University, Pune.

This section provides details on the documentation and procedure to open an account with KRIIS.

As per Indian laws, we are required to open a Demat account and trading account in the name of the proposed account holder/s for dealing in the Indian Securities Market.

Following documents and details are required to open Demat and trading account:

A)  For Resident Individuals:

1. Duly filled and signed Demat account opening form
2. Identity Proof: PAN card (mandatory for Indian nationals)of the proposed account holder/s and nominee
3. Address Proof: Aadhar card / Passport / Voter Id card / Driving License / Maintenance Bill / latest utility bill of the proposed account holder/s and nominee
4. Latest bank statement of the proposed account holder/s
5. Passport size photographs of the proposed account holder/s
6. Copy of the Portfolio Investment Management Agreement and Power of Attorney duly signed by proposed account holder/s

Once the documents are in place, the same shall be submitted to Edelweiss for verification. If there are no observations or discrepancies, an account shall be opened in 3 – 4 working days.

B)  For Resident HUF:

1. Duly filled and signed Demat account opening form by Karta
2. Identity Proof: PAN card (mandatory for Indian nationals) of the proposed account holder/s, Karta and nominee
3. Address Proof: Latest bank statement of Karta (Bank seal/logo is a must.)
   Aadhar card / Passport / Voter ID card / Driving License / Maintenance Bill / latest utility bill of nominee
4. Passport size photographs of Karta
5. Duly filled and signed declaration by Karta mentioning the details of HUF and co-parceners (In case, any of the co-parceners is a minor, please provide birth certificate)
6. Copy of the Portfolio Investment Management Agreement duly signed by Karta
7. Copy of Power of Attorney duly signed by Karta and all the co-parceners (In case, any of the co-parceners is a minor, signature is not required)

Once the documents are in place, same shall be submitted to Edelweiss for verification. If there are no observations or discrepancies, an account will be opened in 3 – 4 working days.

C)  FC For Domestic Corporates:

1. Duly filled and signed Demat account opening form by authorized signatories
2. Identity Proof: PAN card (mandatory for Indian nationals) of the entity, directors (any two), ultimate beneficial owner and nominee
3. Address Proof: Latest Bank statement / Telephone bill / Electricity bill for entity Latest Bank statement / Telephone bill / Electricity bill / Aadhar card / Passport / Voter Id Card / Driving License / Maintenance Bill / latest utility bill of the entity. directors (any two), ultimate beneficial owner and nominee
4. Audited financials for the last 2 financial years
5. Copy of the Portfolio Investment Management Agreement and Power of Attorney duly signed by directors authorized by the entity
6. Duly signed board resolution for opening Demat Account
7. Duly signed list of directors as on date
8. Consecutive documents i.e. Certificate of Incorporation, Memorandum of Association, Articles of Association duly signed by directors authorized by the entity
9. List of the authorized signatories duly signed by the directors authorized by the entity along with the identity and address proof and passport size photographs
10. List of ultimate beneficial owner along with shareholding pattern duly signed by directors authorized by entity including a list of all those holding more than 25% either directly or indirectly and identity and address proof of such individuals

Once the documents are in place, same shall be submitted to Edelweiss for verification. If there are no observations or discrepancies, an account will be opened in 3 – 4 working days.

D)  For NRIs:

1. Passport is mandatory for foreign nationals
2. There are a few additional forms along with the account opening documents

Once the documents are in place, same shall be submitted to Edelweiss for verification. If there are no observations or discrepancies, an account will be opened in 7 – 8 working days.

Important Instructions:

1. The name and address of the proposed account holder/s and nominee should match with the documentary proof submitted.
2. If correspondence and permanent address of the proposed account holder/s and nominee are different, then proofs for both have to be submitted.
3. If any proof of identity or address is in a foreign language, then translation into English is required.
4. Copies of all the documents should be legible and self-attested.
5. For HUF, wherever Karta signature is required, it is mandatory to affix a HUF stamp.
6. For foreign entities, the Company Identification Number (CIN) is optional. However, instead of CIN the proposed account holder/s may mention registration numbers issued by any regulatory authority.

Investor Services

A)  Details of the Investor Relation Officer

All investor queries and complaints should be addressed to the compliance officer, whose contact co-ordinates are provided below:

CS Mansi Nagda

KRIIS – The Portfolio Management Company

Registered Address: Office No. 606, Runwal R-square, LBS Marg, Mulund West, Mumbai – 400080

Contact No: 022 2565 5808

Email id: info@kriis.in

B) Grievance Redressal and Dispute Settlement Mechanism

In the event of any grievance expressed by the investor about any of the services that we have agreed to provide, the investor shall write to CS Mansi Nagda, the compliance officer at the address specified above or write by email to info@kriis.in. The compliance officer shall acknowledge the receipt of the email within 2 working days. Further, the compliance officer shall, within a period of 7 working days, address the grievance of the client and write to the client in the form of an Action Taken Report (ATR) stating the action is taken and where the grievance is of the nature that can be repetitive, the steps taken so that the grievance does not arise again should be mentioned.

In the event of failure to settle the disputes by mutual negotiation, it may be referred to and finally resolved by arbitration in accordance with the Arbitration and Conciliation Act, 1996. The venue of arbitration shall be Mumbai (India) and be conducted in English language. The decision taken by the arbitrator shall be final and binding on both the parties with immediate effect.

C) SEBI Complaints Redress System (SCORES)

The investor can approach SEBI, lodge their complaints and track the status of such complaint from anywhere through SCORES at https://scores.gov.in, if an investor does not get a response or are not satisfied with the response provided by the compliance officer.

On receipt of complaints through SCORES, SEBI takes up the matter with the concerned market intermediary and follows up with them.

A complaint shall be treated as resolved / disposed / closed only when SEBI disposes / closes the complaint in SCORES.