StockBucket is research solution offered by Elite Wealth Ltd to its client, (hereinafter referred to as EWL) having registered office at Casa Picasso,Golf Course Extn Road, ,Near Rajesh Pilot Chowk,Sector-61, Gurgaon-122001,Haryana India, having Stock Broking SEBI Reg. No.INZ000186539 and SEBI (Research Analysts) Reg.No. –INH100002300. EWL is Member of NSE, BSE, MCX, NCDEX and Depository Participant of NSDL& CDSL ..
StockBucket is a platform that helps Client choose from expert created readymade group of stocks as per their investment needs. StockBuckets are regularly monitored by EWL. The Client can simply buy the StockBucket in the multiple of one and enjoy the benefits of direct investing while at the same time get the benefit of expert advice in the form of what to buy or sell.
Execution Services with EWL:
The investor will have to first open a trading and demat account with EWL through its online account opening process which will then act as an execution platform for buying or selling StockBucket which entail transactions on individual stocks in a pre-defined proportion/quantity. In doing so all the terms and conditions, rules and regulations shall be applicable which are otherwise applicable to clients using EWL’s execution service.
No Solicitation to Buy/Sell :
StockBucket are not to be construed as a solicitation of an offer to buy / sell any security in any jurisdiction where such offer or solicitation would be illegal. StockBucket do not constitute a personal recommendation or take into account the particular investment objectives, financial situations, risk profile and needs of individual clients. Clients are advised to take appropriate guidance from their Financial Advisers before investing into StockBucket .
StockBucket index value numbers and rationales are for information and illustration purposes only. Charts and performance numbers are back tested/simulated results calculated via a standard methodology and do not include the impact of transaction fee and other related costs. Data used for calculation of historical returns and other information has been procured from exchange approved third party data vendors and has neither been audited nor validated by EWL.
Informations available on StockBucket app and website is to help investors in their decision-making process and should not be construed as a recommendation or solicitation of an investment or investment strategy. Investors/clients are responsible for their investment decisions and are responsible to validate all the information used to make the investment decisions. Client should understand that his/her/its investment decision is based on personal investment needs and risk tolerance, however performance information available on StockBucket app/website is only an indicative and other third party expert guidance should be sought before making an investment decision. Past performance does not guarantee future returns and performance of StockBucket s are subject to market risks.
StockBucket s are not to be construed as a product based on or linked to an Index developed by the NSE Indices or any other such Indices, as EWL is not in the index construction business and StockBucket (s) is(are) not independent index(s). However EWL is not restricted in comparing the performances of the StockBucket s with any other index/indices. EWL endeavours to update the information / material of various StockBucket s, on a reasonable basis, but there may be regulatory, compliance or other reasons that prevent us from doing so or there could be errors in calculating index value and target value of the StockBucket s. StockBucket s are not licensed to any exchange, trading or settling venue outside India.
Rebalance: Elite Research Team will monitor day to day performance of the constituents (stock composition) of the Stock Bucket, if there is any change in the fundamental outlook or due to changed business scenario or due to an important update or event, or changes in the weights due to market price fluctuations, the constituents in the Stock Bucket may be revamped i.e. quantity of a constituent stock reduced or added or altogether removed or addition of a new stock. Rebalance may happen as and when needed depending on the market conditions. Upon a Rebalance triggered by ELITE, the Client holding the particular Stock Bucket may be notified by way of app notifications, mails and SMS and calls. The Client has to approve (transaction of buying or selling the stock constituent(s)) the rebalance to align the proposed changes with the latest version of Stock Bucket.
Minimum Investment Amount in Stock Bucket: It is the minimum amount that needs to be invested for buying a particular Stock Bucket which comprises of number of suggested stocks at weights that is closest to suggested weight in the Stock Bucket. Even a single share can be bought, thus, in order to ensure that investor ends up buying at least one share of the highest priced stock, while maintaining prescribed weights, he/she/it needs to invest a minimum amount as on that day’s prevailing real time prices of all the stocks constituents comprised in the particular Stock Bucket which is the minimum price of the Stock Bucket.
Weights and Weighting Methodology: Every Stock has a prescribed weight in the Stock Bucket, decided by the Research Team. Weightage decides how much of the invested money will be going into every stock of Stock Bucket. If A stock has 10% weight in the Stock Bucket and prevailing value of the Stock Bucket Rs 1000, then Rs 100 will go in stock A, but the actual transaction value may be at a slight variance.
Information and Contents Correctness
StockBucket index value numbers and rationales are for information and illustration purposes only. Charts and performance numbers are back tested/simulated results calculated via a standard methodology and do not include the impact of transaction fee and other related costs. Data used for calculation of historical returns and other information is provided by exchange approved third party data vendors and has neither been audited nor validated by EWL.
Informations present on StockBucket app and website is to help investors in their decision-making process and should not be construed as a recommendation or solicitation of an investment or investment strategy. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on StockBucket is only an indicative and other third party expert guidance should be sought before making an investment decision. Past performance does not guarantee future returns and performance of StockBuckets are subject to market risks.
All investments in equities are inherently subject to market risks which may not lead to expected returns and sometimes even result in negative returns or loss of complete capital. Financial markets are prone to multiple risks like politics, economics, social, global environment, stock specific risks and black swan types of events which may lead to suboptimal returns in the StockBuckets, EWL research does not assure that it will be able to control or mitigate or comprehend all such risks. Clients therefore must understand such risks and their ability, willingness and capability to take risk must be assessed by themselves before investing in StockBuckets.