Frequently Asked Questions
Are you a Registered Investment Advisors or Distributors ?
We are basically distributors of financial products and have not applied as Registered Investment Advisors inspite of having necessary experiences and qualifications needed for same as laid out by SEBI . We are one stop platform for most financial services and products.
We believe we have been able to carry out our role as fiduciaries in its spirit by inculcating the best of the global practises and building a proper business model which thrives on unbiased approach towards clients investments. We believe that asset allocation factoring client's risk profile can help achieve financial goals in the most prudent fashion. Please refer Sebi Circulars in the Downloads section
We believe we have been able to carry out our role as fiduciaries in its spirit by inculcating the best of the global practises and building a proper business model which thrives on unbiased approach towards clients investments. We believe that asset allocation factoring client's risk profile can help achieve financial goals in the most prudent fashion. Please refer Sebi Circulars in the Downloads section
Do you charge for your services ?
We do not charge any fees. We receive commission from various product manufacturers like Mutual Fund Cos, PMS providers, Tax Saving Bonds, Corporate Deposits & Insurance based on the investments that are done through us.
Please see the Disclosures Page in the Downloads section to better understand our commission structures.
Please see the Disclosures Page in the Downloads section to better understand our commission structures.
What are the different services & products provided by NorthStar ?
We are one stop platform for most financial services and products through direct empanelment or affiliated partners. We distribute most Mutual Funds, PMS (Equity & Debt), AIF (Cat 1,2,3), Insurance, Bonds & Loans.
For more information please visit our Investment Services & Products page.
For more information please visit our Investment Services & Products page.
Do you have any in-house products ?
We don’t have any in-house products.
How do I get started with NorthStar ?
You need to fill out the attached forms capturing your details for registration.
What are the documents needed to be onboarded ?
The following are the documents needed:
For Individual Investors
1. PAN Card as Proof of Identity
2. Prof of Address (Aadhar card / Passport)
3.Cancelled Cheque
For Hindu Undivided Family (HUF)
1. HUF PAN Card
2. Karta Pan Card
3. Karta Aadhar card / Passport
4. Cancelled Cheque -HUF
5. HUF Address Proof
6. Deed Declaration
For Company / Body Corporates
1. Certificate of Incorporation
2. Memorandum and Articles of Association
3. Resolution of the Board of Directors
4. Authorized signatories list with specimen signatures
For Partnership Firm
1. Certificate of Registration
2. Partnership Deed
3. Documents evidencing authority to invest
4. Authorized Signatory list with specimen signatures
For Individual Investors
1. PAN Card as Proof of Identity
2. Prof of Address (Aadhar card / Passport)
3.Cancelled Cheque
For Hindu Undivided Family (HUF)
1. HUF PAN Card
2. Karta Pan Card
3. Karta Aadhar card / Passport
4. Cancelled Cheque -HUF
5. HUF Address Proof
6. Deed Declaration
For Company / Body Corporates
1. Certificate of Incorporation
2. Memorandum and Articles of Association
3. Resolution of the Board of Directors
4. Authorized signatories list with specimen signatures
For Partnership Firm
1. Certificate of Registration
2. Partnership Deed
3. Documents evidencing authority to invest
4. Authorized Signatory list with specimen signatures
How long will the process of on-boarding take ?
If No discrepancies are found, the validation of KYC documents takes 7 business days and that of the NACH mandate takes between 30-45 business days.
How can I do Mutual Funds transactions ?
You can call us up to place order on your behalf through NSEMF or BSE Star MF. Once the order is validated at your end on email and the fund transfer done only then the execution takes place. Alternatively, you can transact online by using the login id and password.
For other products like PMS, AIF, Insurance, Structured Products, Bonds, Corporate Deposits we arrange for all documentations and pickups.
You also have the option to view and execute transactions through our mobile app.
For other products like PMS, AIF, Insurance, Structured Products, Bonds, Corporate Deposits we arrange for all documentations and pickups.
You also have the option to view and execute transactions through our mobile app.
How do I view my portfolio ?
You can login at our website and view your portfolio across asset class details captured. You also have the option to view and execute transactions through our mobile app. A periodic comprehensive wealth statement is automatically generated and mailed to you at a decided frequency.
For more complex and varied investments we generate inhouse reports and share at a decided frequency.
For more complex and varied investments we generate inhouse reports and share at a decided frequency.
What is KYC ?
"Know Your Customer" or KYC is a term commonly used for the Customer Identification Process. Prescribed by the Securities and Exchange Board of India (SEBI), KYC norms for Financial Institutions and Financial Intermediaries including Mutual Funds are put in place to 'know' one's clients. This would be in the form of verification of identity and address, financial status, occupation and other such demographic information. With effect from 1st January 2012, all categories of investors, irrespective of amount of investments in Mutual Funds are required to comply with KYC for carrying out any transactions in Mutual Funds. Thus, any investor (all applicants in a folio) investing into mutual funds would be required to be KYC compliant by any KYC Rating Agency (CVL, NSE, NSDL, CAMS or KARVY) without which the transactions may be liable to be rejected by the respective Mutual Fund houses. KYC norms are mandatory for ALL applicants/investors (including existing investors and joint holders) while investing with any SEBI registered Mutual Fund, irrespective of the amount of investment. This one-time verification is valid for transactions across all mutual funds.
What is FATCA ?
FATCA (short for Foreign Account Tax Compliance Act) is a regulation created by the US Government to curb tax evasion by US citizens. Under this regulation, assets held by US citizens in other countries now have to be reported to the US government.
I am not a US Citizen, why do I have to provide FATCA information ?
As a result of India signing a reciprocal agreement with the US government to share information acquired through the FATCA of each other's citizens, all financial institutions (such as Mutual Funds) have to identify the citizenship and tax status of investors and provide necessary information to the government.
Do you provide tax advisory ?
Tax advisory is a vast and a specialist area. We provide informations on tax impacts becuase your investments actions. Clients desirous of seeking counsel on matters related to direct & indirect tax, and tax filings are referred to a partner with subject matter expertise.
Does NorthStar Charges for Goal Planning - Financial Strategies ?
We do not charge for the Goal Planning - Financial Strategies.
What is the Goal Planning Process?
The entire process can be broadly classified into 4 important steps.
1. Understanding You.
This involves a detailed capture of your financials in terms of Asset & Liabilities, Income & Expenditure, Investments, Risk Cover, Tax Liabilities & Estate Planning.
2. Information analysis
An indepth analysis of the all data point is carried out to prepare your balance sheet
3. Blueprint
A well thought out strategy to help reach each goal in life and thereby first achieving financial stability followed by financial independence and finally true financial freedom to enjoy a life you want.
4. In Action.
All actionable are carried out within a definitive period.
A proper review schedule is laid out. The progress on the investment plans are realigned to the original plan after incorporating any changes.
1. Understanding You.
This involves a detailed capture of your financials in terms of Asset & Liabilities, Income & Expenditure, Investments, Risk Cover, Tax Liabilities & Estate Planning.
2. Information analysis
An indepth analysis of the all data point is carried out to prepare your balance sheet
3. Blueprint
A well thought out strategy to help reach each goal in life and thereby first achieving financial stability followed by financial independence and finally true financial freedom to enjoy a life you want.
4. In Action.
All actionable are carried out within a definitive period.
A proper review schedule is laid out. The progress on the investment plans are realigned to the original plan after incorporating any changes.
What are different types of goals ?
Financial goals are targets, usually driven by specific financial needs. Financial goals are unique to each individual based on the stage of life one is and as also the financial responsibilities which one carries.
Various types of financial goals can be like paying of high cost loans(debt management), purchasing a new car or home, children's education &or marriage corpus fund, retirement corpus fund etc.
One can also also have a simple target return goal for a particular corpus which can be nominally higher than inflation or very high returns.
Goals can also be classified from time perspective like short term, medium term & long term goals. For more discussion please Contact Us Contact Us
Various types of financial goals can be like paying of high cost loans(debt management), purchasing a new car or home, children's education &or marriage corpus fund, retirement corpus fund etc.
One can also also have a simple target return goal for a particular corpus which can be nominally higher than inflation or very high returns.
Goals can also be classified from time perspective like short term, medium term & long term goals. For more discussion please Contact Us Contact Us
Where do I get all the relevant data ?
Most details pertaining to one's financial dealings can be got online.
Mutual funds - CamsOnline
All institutions demat holdings - NSDL
EPF - EPFINDIA
PPF - From respective bank websites or branches
Insurance, FD, Savings, Loans - From the institutions availed and on their respective websites
NSC, KVP, Post Office schemes - Fill out Form NC-29 and submit it at the post office which issued the NSC
Gold - Can be valued at jeweller
Real Estate - Can have an approximate valuation on various realty websites
NPS - NSDL
PMS - From respective advisors &/or PMS providers websites
AIF - From respective advisors &/or AIF providers websites
Mutual funds - CamsOnline
All institutions demat holdings - NSDL
EPF - EPFINDIA
PPF - From respective bank websites or branches
Insurance, FD, Savings, Loans - From the institutions availed and on their respective websites
NSC, KVP, Post Office schemes - Fill out Form NC-29 and submit it at the post office which issued the NSC
Gold - Can be valued at jeweller
Real Estate - Can have an approximate valuation on various realty websites
NPS - NSDL
PMS - From respective advisors &/or PMS providers websites
AIF - From respective advisors &/or AIF providers websites
Is it necessary to get all data?
For a comprehensive Goal Planning - Financial Strategies it is necessary to have all details so as to have a proper understanding of one's financial condition.
Only then a meaningful exercise can be carried out and a elaborative plan chalked out to deal with all challenges in proper fashion.
For target returns goals or pure time-based investment goal a proper discussion to understand the risk profile and the anticipated outcome is sufficient.
Only then a meaningful exercise can be carried out and a elaborative plan chalked out to deal with all challenges in proper fashion.
For target returns goals or pure time-based investment goal a proper discussion to understand the risk profile and the anticipated outcome is sufficient.
What is the review frequency?
Goal Planning review is different from investment review. GP review can typically be half yearly to take stock of any changes and to monitor the goal progress.
Investment review typically is more periodic. It depends on the complexity and size of the investment. For most people once in a quarter review with the advisor suffices.
Investment review typically is more periodic. It depends on the complexity and size of the investment. For most people once in a quarter review with the advisor suffices.
Will I get the Goal Planning - Financial Strategies for my perusal?
The Goal plan captures all financial data and helps you achieve your dreams and aspirations. While we don’t charge for the financial plan it actually involves hard work and man hours. It is advisable to keep it safely and privately.
For a brief illustration of a dummy financial plan please check a report.
For a brief illustration of a dummy financial plan please check a report.
Are there any products recommendations?
All the products and schemes suggested are based on your risk profile and the time frame discussed. This is matched against the scheme &or products details available in the public domain. No one scheme or product is better than the other and the suitability depends on the clients understanding and risk taking capability.
Who is a Non-Resident Indian (NRI) ?
An Non Resident Indian (NRI) is an Indian Citizen who resides in India for less than one hundred & eighty two days during the course of the preceding financial year, or
who has gone out of India or who stays outside India for the purpose of employment, or
who has gone out of India or who stays outside India for carrying on business or vocation outside India, or
who has gone out of India or who stays outside India for any other purpose indicating his intention to stay outside India for an uncertain period.
who has gone out of India or who stays outside India for the purpose of employment, or
who has gone out of India or who stays outside India for carrying on business or vocation outside India, or
who has gone out of India or who stays outside India for any other purpose indicating his intention to stay outside India for an uncertain period.
Who is a Person of Indian Origin (PIO)?
A Person of Indian Origin means a citizen of any country (other than Bangladesh or Pakistan), if:
I. He at any time held an Indian passport; or
II. He or either of his parents or grand parents was a citizen of India; or
III. He is a spouse of an Indian citizen, or of a person referred to in (I) or (II) above
I. He at any time held an Indian passport; or
II. He or either of his parents or grand parents was a citizen of India; or
III. He is a spouse of an Indian citizen, or of a person referred to in (I) or (II) above
What are the different types of rupee accounts permitted to be maintained ?
The three types of rupee accounts permitted, that can be maintained by NRIs are as follows
I. NRE: Non-resident (External) Rupee Accounts,
II. NRO: Non-resident Rupee (Ordinary) Accounts
III. FCNR – B: Foreign Currency (Non –Resident) Accounts (Banks)
I. NRE: Non-resident (External) Rupee Accounts,
II. NRO: Non-resident Rupee (Ordinary) Accounts
III. FCNR – B: Foreign Currency (Non –Resident) Accounts (Banks)
What are NRE & NRO accounts ?
Non-Resident (External) Rupee (NRE) account is a rupee account from which funds are freely repatriable. It can be opened with either fund remitted from abroad or local funds maintained in NRE/ FCNR accounts, which can be remitted abroad. The deposits can be used for all legitimate purposes. The balance in the account is freely repatriable.
Non-Resident Ordinary Rupee (NRO) account is a rupee account and can be opened with funds either remitted from abroad or generated in India. The amounts in such an account are non-repatriable. However, funds in NRO accounts can be remitted abroad subject to/as per various directives in force at the time of repatriation.
Non-Resident Ordinary Rupee (NRO) account is a rupee account and can be opened with funds either remitted from abroad or generated in India. The amounts in such an account are non-repatriable. However, funds in NRO accounts can be remitted abroad subject to/as per various directives in force at the time of repatriation.
How are NRI's Taxed ?
An NRI’s income taxes in India will depend upon his residential status for the year. If your status is ‘resident,’ your global income is taxable in India. If your status is ‘NRI,’ your income which is earned or accrued in India is taxable in India.
What are the investment options available for NRI's in India?
NRI have whole lot of options to invest in, subject to norms and conditions as decided by the regulators and manufacturers from time to time.
NRE, NRO & FCNR Fixed Deposits | Mutual Funds | GoI Tax Free Bonds | Corporate Deposits Equity | Capital Gains Bond | Perpetual Bonds | Floating Rate Bonds Portfolio Management Services – PMS | Alternate Investments Funds – AIF | Non-Convertible Debentures – NCD NPS | Capital Indexed Bonds | Real Estate | Insurance | PPF | PSU Bonds |
NRE, NRO & FCNR Fixed Deposits | Mutual Funds | GoI Tax Free Bonds | Corporate Deposits Equity | Capital Gains Bond | Perpetual Bonds | Floating Rate Bonds Portfolio Management Services – PMS | Alternate Investments Funds – AIF | Non-Convertible Debentures – NCD NPS | Capital Indexed Bonds | Real Estate | Insurance | PPF | PSU Bonds |
