Frequently Asked Questions
Are you a Registered Investment Advisors or Distributors ?
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 ?
Please see the Disclosures Page in the Downloads section to better understand our commission structures.
What are the different services & products provided by NorthStar ?
For more information please visit our Investment Services & Products page.
Do you have any in-house products ?
How do I get started with NorthStar ?
What are the documents needed to be onboarded ?
For Individual Investors
1. PAN Card as Proof of Identity
2. Prof of Address (Aadhar card / Passport)
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 ?
How can I do Mutual Funds transactions ?
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 ?
For more complex and varied investments we generate inhouse reports and share at a decided frequency.
What is KYC ?
What is FATCA ?
I am not a US Citizen, why do I have to provide FATCA information ?
Do you provide tax advisory ?
Does NorthStar Charges for Goal Planning - Financial Strategies ?
What is the Goal Planning Process?
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
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 ?
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 ?
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?
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?
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?
For a brief illustration of a dummy financial plan please check a report.
Are there any products recommendations?
Who is a Non-Resident Indian (NRI) ?
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)?
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 ?
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 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 ?
What are the investment options available for NRI's in India?
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 |