Given our focus on long-term investment horizons, while we welcome your queries at any time, we recommend a meaningful review of your portfolio on an annual basis or even less frequently. This approach aligns with the long-term nature of our investment strategy.
FAQ Category: Communication
What are the options for accessing the details of my portfolio?
To ensure you are always informed and up-to-date with your investments, we provide a comprehensive suite of reports and updates. Here’s what you can expect in terms of communication and reporting:
From Banyan Tree Advisors:
- Notifications for any Fund/Securities transfers to or from your PMS account.
- Monthly Reports: A detailed Portfolio statement by the 3rd working day of each month.
- Quarterly Advance Tax Data: Capital gains, Interest income, Dividend, TDS information for advance tax purposes, provided by the 12th of each quarter-ending month.
- Annual Tax Filing Report: An audited report with relevant data for India tax filing, provided by June each year, including details like capital gains, interest, dividends, TDS, securities at cost, bank statement, broker ledger, etc.
- Annual Billing/Fee Report: An audited billing report provided annually on the anniversary month of your account opening. For example, if your account was opened in January 2019, your billing period will be January 2020, and the fee report will be sent in February 2020.
- Event-based and ad-hoc communication: This includes updates related to share buybacks, IPOs, Re-KYC notifications ( if required by the bank/broker), and any other regulatory/account-related updates.
From HDFC Bank:
- Net Banking Access: Login ID & Password sent by HDFC Bank to the client’s registered address for access to savings and demat accounts.
- Bank & Demat Statements: Emailed monthly for the bank account and quarterly for the demat account.