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zerodha/upstox/groww/angel broking भाग गए तो ? | What to do when your stock broker runs away? - YouTube
Channel: Mukul Agrawal
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Hello everyone!
How are you all.
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Have you ever thought what will happen
if your broker runs away?
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See,our country has faced many banking frauds
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And today each and every account holder is aware of this.
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But at the same time,
many frauds happened in stock market as well.
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But most of the Demat account holders don't know about these.
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In today's video, I am going to talk about these few topics
and will also tell how to avoid them
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Where you will come to know that if your broker runs away
then you need to worry and also need not to.
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See the beauty.
Two sides of the same coin.
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Because it's true that one side there's no fear of
running away but on the other side there is.
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So are you ready to know that we should always see both sides of the coin.
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Do you agree with this?
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People always see just one side and ends up doing big mistake.
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So today we'll try to notice both the sides and
will see how to avoid those dangers.
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So I Mukul Agrawal welcomes you on your own YouTube channel
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I request all the new folks to subscribe to this channel
and hit the bell icon
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so that you never miss the 8:30 pm show or any other video.
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Here, We provide some trades so that you can earn money
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And do join us on Twitter and Telegram for all the stock market related news.
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You will have everything, really quick, only with you.
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Now focus on your mind and think that when you were adding fund in your Demat account for the first time,
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Did you ever thought what if your broker runs away?
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what if it gets bankrupt?
or what if the firm gets closed?
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I think 90% people didn't thought about this.
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But now a days, it's important that you
should know the answers of these questions.
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And these questions should arise in your mind.
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See, the last point of this video is the most important point.
so kindly don't miss that point.
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99% problems will be solved.
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Now, I'll try to give the answers step by step.
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So first of all let's know what is stock broker firm
because after this only things will be clear
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So stock broker firm is a firm though which you
invest your money in stock market
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Like zerodha, upstox, groww, angel broking and many more.
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There are more than 300 broking firms like these in the market.
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Understand this as, these firms are the mediators.
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They introduce stock buyers from stock sellers and in return take commission from buyers as well as sellers.
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That means they are a bond between buyers and sellers.
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Now, what is the responsibility of a broker firm for these buyers and sellers?
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So SEBI has made many rules on this so that
buyers and sellers don't face any issue.
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Let's assume, if you bought shares of any company and
the money gets deducted from your account
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But in actual, if you didn't got the money of the company.
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In this case your broker is the one who is responsible for this issue.
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And If they deny this mistake then you can file a complaint against them
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That means buying and selling in the market in a fair manner is the responsibility of the broker.
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Now let's talk about when any broker firm can be announced defaulter?
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See a broker firm have many investors like you and me in thousands and lakhs.
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Sometimes these brokerage firms misuses the funds given by these investors
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And if SEBI gets any complain against this, then case gets filed on the firm and an investigation process gets started.
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SEBI is proactive in these cases and if the SEBI found firm guilty, then they announces it as a defaulter.
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Now the question arises is that what if your firm announced defaulter? What about your shares and your money?
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See, when you buy shares, those shares are not with brokers.
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Instead, they are with CDSL or NSDL which are depository firms. And all safe.
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Whenever a brokerage firm is announced defaulter, your shares are transferred to other brokerage Firm with your permission.
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One thing which is clear from here is that if you're holding stocks, you don't need to worry.
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But in one condition your shares maybe at risk as well.
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See if you bought any share and money gets deducted. But we know the shares are delivered in Demat account after 2 days
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But if the broker is announced defaulter before getting the shares then your share will be at risk.
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Because it is announced defaulter before getting the shares. Right!
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So till now we discussed when any broker is announced defaulter and what happens with your shares in this condition.
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Now I will tell you how to avoid this type situations and how to survive them.
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For this, first of all, you should choose a right broker .
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And while selecting broker, keep these points in your mind.
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Check the membership license number of your broker with various stock exchanges.
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Read all the terms and conditions of the broker thoroughly.
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Cross check all the documents thoroughly.
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Uncheck the POA (Power of Attorney) so that you don't give them any kind of consent.
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Now let's assume that you kept all these points in your mind while choosing your broker
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but still you see some unwanted activities going on in your account
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Then simply identify that activity and file a complaint in SEBI
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There is some information left. Let me tell you
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Yours shares are safe in NSDL or CDSL but who will tell you that how to bring those Shares from there?
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Hit the like button.
Let me tell you about this.
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Let's go.
When your stock broker runs away,
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you need to open a new demat account and after that
send an application to stock depository.
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You should have PAN card and DP id. On that basis you will fill the DIS slip and send it to stock depository
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To transfer the shares from old Demat account to new one.
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And after submitting this application,
your shares will be there in your new Demat account.
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And after that if you want you can sell those shares.
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But there is one more twist.
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What if you had trading balance in your account instead of shares? Think!This is also possible.
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Let's assume you added funds in your demat account
to buy shares but before that the broker ran away.
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So now what in this case?
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In this case, SEBI has created an Investor Protection Fund.
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If you will claim your money without wasting anytime
then you can get your money back maximum Rs.15 lakhs.
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If you claimed before 3 years then you should get your money back but if after 3 years then you will not get money.
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So how was this most important point,
as I said this will solve 99% people's problems.
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Because this happens with everyone.
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Now note this point that always choose the right and
the biggest broker out there in the market.
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Never open your account with someone who's having less customers because these can shut down anytime.
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Only open d mat and trading account with the broker which is having good reputation and work process.
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Link is in the description. Open your account through your brother's link .
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And I will provide a free strategy to all those
who will open the account and trade.
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So, what's the delay
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And did you liked the information? Is everything is clear?
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If any doubts then please do let us know in the comment section.
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Either I will make a separate video or will answer it in the comment section.
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Rest, I presented this in such a way that
any common man can also understand easily.
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And share this video as much as you can because
there might be many of our brothers stucked in this
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And it's our duty to spread this type of information to everyone.
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Thank you so much. Have you started sharing on WhatsApp and Twitter?
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Thank you!
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