This document contains important information regarding the Terms and Conditions which apply to the Client and his/her account(s) with:

PhonePe Wealth Broking Private Limited (hereinafter referred to as PPWB), a SEBI Registered Stock Broker having Registration No. INZ000302639, a SEBI registered Research Analyst having Registration No. INH000013387 and a Depository Participant having Registration No. IN-DP-696-2022. PPWB is a Trading Member of National Stock Exchange of India Limited (Member ID 90226) and BSE Limited (Member ID 6756). PPWB offers Depository Participant services through CDSL and Mutual Fund distributor with AMFI Registration No: ARN- 187821.

Disputes with respect to the distribution activity will not have access to Exchange investor redressal or Arbitration mechanism.

Registered office - 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Bellandur Village, Varthur Hobli, Outer Ring Road, Bangalore South, Bangalore, Karnataka - 560103.

Kindly refer to website https://share.market for more details. The securities are quoted as an example and not as a recommendation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Terms and Conditions

This service is provided by PPWB on a “as is” and “where is” basis, without any warranty or liability.

The Client’s access to and use of his/her account(s) and PPWB services are subject to his/her compliance with all the Terms and Conditions set forth herein.

The Client agrees that all investment and disinvestment decisions are based on the Client’s own evaluation of financial circumstances and investment objectives. This extends to any decisions made by the Client based on any information that may be made available on the website/app by the name of share.market (hereinafter, the Platform) of PPWB. The Client will neither hold, claim nor seek to hold PPWB or any of its officers, directors, partners, employees, agents, subsidiaries, affiliates or business associates liable for any trading losses, liability, cost of damage incurred by the Client consequent upon relying on investment information, research opinions or advice or any other material/information whatsoever on the website/app/literature in any form issued by PPWB or any other agency appointed by PPWB. The Client should seek independent professional advice regarding the suitability of any investment decisions.

The acceptance of the terms and conditions as mentioned herein by the Client are in addition to the other terms and conditions stated on the Platform are a prerequisite for availing the services. The Client agrees that the Frequently Asked Questions (FAQs) for different facilities or services offered on the Platform are an integral part of this Terms and Conditions. These Terms and Conditions are enforceable and binding in nature and shall govern all PPWB’s services availed by the Client.

The Client acknowledges as having read and understood these FAQs and Policies and Procedure documents forming part of the account opening document and as appearing on the website of PPWB.


"Account" shall mean the online trading and demat account of the Client with PhonePe Wealth Broking Private Limited (PPWB).

“Applicable Laws” shall mean any statute, law, regulation, ordinance, rule, judgment, notification, order, decree, by-law, permits, licences, approvals, consents, authorisations, government approvals, directives, guidelines, requirements or other governmental restrictions, or any similar form of decision, or determination by, or any interpretation, policy or administration, having the force of law of any of the foregoing, by any regulatory authority.

“BTST” shall mean Buy Today Sell Tomorrow where shares bought today are sold the next day.

"Client" shall mean a legal person who is a registered and onboarded customer of PPWB.

“Conditional Order” shall mean an order where condition is specified by the Client and the order shall be executed only after fulfilling the conditions set therein. Clients can place conditional limit orders on the platform. Order placed by the Client in a security shall be triggered only when the Traded Price of that particular security becomes equal to or surpasses the trigger price. The Orders will be placed at limit in case of conditional limit price specified by the Client and execution of the Order takes place up to the price.

"Convert to Delivery (CTD)" shall mean a facility offered by PPWB whereby a Client can convert his/her outstanding Intraday with PPWB into a delivery transaction, resulting into the Client taking/giving delivery of securities, provided the required amount of funds/securities are available in his/her Account.

"Cover Order" shall mean an order to square off Intraday Position under the Facility within which the Client shall provide Cover stop loss trigger price (SLTP) to PPWB order will be executed at market price with market protection.

"Facility" shall mean intraday facility.

"Limit Order" shall mean the price limit specified by the Client to PPWB up to which price the buy or sell transaction can get executed.

“Market Order” shall mean the purchase or sale of securities at the prevalent market price.

“Order” shall include Market Order, Limit Order, Cover Order and Conditional Order.

“Platform” shall mean PPWB Website or Mobile app.


By accepting the Terms and Conditions, the Client hereby confirms and represents:

  1. that he/she is 18 years of age or older.
  2. That he/she is a person eligible to enter into form a binding and enforceable contract with PPWB and is not barred from receiving the Platform services from any regulatory/statutory authority for any reason whatsoever.
  3. That he /she has gone through, understood and agrees to abide by these Terms & Conditions, Trading and demat account opening form, Risk disclosure documents, Policies and Procedures and any other information provided by him/her through the Platform for the services offered on the Platform.
  4. That he/she is investing from his/her bank account (primary holder's bank account in case of investment account held jointly) and the same is from legitimate sources and remitted through approved banking channels.
  5. That he/she is prohibited from selling, trading or otherwise transferring his/her Account to another party or impersonating any other person for the purpose of creating an Account on the Platform.


Subject to compliance to these Terms & Conditions, PPWB hereby grants the Client a non-exclusive, limited privilege to access and use this Platform. The Client shall agree to the following:

  1. Use the Platform for purposes that are permitted by the Terms and Conditions, i.e., download the Platform for personal, internal, and non-commercial use.
  2. Use the Platform in accordance with any Applicable Laws, regulations or generally accepted practices or guidelines.
  3. Shall not use PPWB’s and/or its affiliates, group and subsidiary company registration details, data, information thereby inducing public at large to conduct business or trading activity with the Client or for any activities.
  4. Shall not attempt to gain unauthorized access to any feature on the Platform.
  5. Shall not publish or post inappropriate, defamatory, infringing, or obscene material on the Platform.
  6. Shall not violate the Terms and Conditions contained herein or elsewhere.

After completing KYC verification and due registration on the Platform, the Client will be eligible to reset PIN and other credentials like Biometrics (collectively known as login credentials). The details of the login credentials are within the exclusive knowledge of the Client and for the Client’s personal use only. The Client shall be responsible for the confidentiality and secrecy of all its login credentials and agrees not to share or provide them to any other individual or third party. The Client shall be solely responsible for all statements made, orders entered, loss incurred, and transactions effected by any third party in case of any acts or omissions that occur while the Client’s log in credentials are being used, whether or not such third party was authorized to do so or not.

PPWB shall not be responsible for any breach of security caused by the Client’s negligence or failure to maintain the confidentiality of their login credentials.

The Client agrees that if address fetch through digilocker Aadhaar does not have state and / or district, then the state/city/town mapping as per CERSAI CKYC portal will be used for the purpose of uploading/creating C-KYC ID on Central KYC Registry (CKYC) portal.


Once the account of the Client is activated, they shall be able to access, through their computer or other electronic device, the Platform, including but not limited to the provision of information with respect to stocks and investments and offering of online investment services in permitted securities, contracts and other instruments traded on the BSE and NSE by means of an order routing system which includes inter alia all activities pertaining to order management such as capturing of an order, validation, routing of the order to the Exchanges, order cancellation, order confirmation and other related activities, value added services including but not limited to stock watch, market watch, research reports, stock statements and transaction summaries.

PPWB may at its sole and absolute discretion, cancel, limit or change any or all the services offered on the Platform or registration instructions in any manner whatsoever at any time or introduce additional services from time to time, by way of prior printed or electronic notice. Client’s continued use of the services following the prior posting or notice of any changes or introduction of new services shall constitute his/her deemed acceptance, ratification and confirmation of such changes as carried out by PPWB. The Client confirms and agrees not to use or avail any services or to view any of the information on the Platform, if they do not agree to the binding and enforceable Terms & Conditions.



      To process orders to purchase securities, it is necessary that the Client's account contains buying power (margin) before the execution of order. Any order inadvertently accepted and executed without sufficient buying power will be subject to automatic cancellation or liquidation at the sole discretion of PPWB without any prior intimation or notice. An order inadvertently processed, in spite of insufficient buying power/balances in the Client’s Ledger Account or the demat account maintained with PPWB, PPWB shall be at its sole discretion be subject to cancellation or liquidation. If in case, sufficient buying power is not available in the account and an order is processed, Client/s should immediately credit the required funds to their Ledger Account without any delay to assure that such payment will be received and processed on or prior to settlement date or intimated date, whichever is earlier. If requisite funds/payment is not received by settlement date or intimated date, whichever is earlier, the Client's position may be squared off. In the event their account is liquidated, Client/s will be contractually liable for any resulting losses and all associated costs incurred by PPWB.


      To process orders to sell securities, it is necessary that Client's account contains sufficient free securities balance in the Client/s Demat Account with PPWB prior to the acceptance of a sell order. Proceeds of the sale cannot be paid to Client/s until securities have been delivered to the Exchange/clearing house & Pay Out is received from the Exchange/Clearing House. In case advance payout is given by PPWB and payout of the same is not received from Clearing Corporation on the settlement date due to any reason whatsoever, then the client agrees to repay the amount to PPWB, when called upon without any delay or demur or protest and PPWB shall exercise all its rights for recovery of such amount as due from the clients. The proceeds of all sales will be credited to the Client/s account directly on settlement date if running account authorisation is not provided to the PPWB. If the securities are not received on or before settlement date or securities received are not in deliverable state or due to any other reason whatsoever, Client/s are not able to deliver securities, the securities will be Auctioned or closed out as prescribed in the Policies and Procedure document under the shortage obligations arising out of the Internal netting of trades. Consequently, Client/s will be responsible for any resulting losses and all associated costs including penalty levied by the Exchange.


      PPWB shall send the Electronic Contract Note (clients who have opted for ECN) /Trade Confirmation of the trades executed on the Client/s behalf on the trade date or within the applicable regulatory timelines. Client/s understand that it is their responsibility to review, upon first receipt, whether delivered to Client/s by mail, by e-mail, or other electronic means, all confirmations, statements, notices and other communications, including but not limited to, margin, maintenance calls, and prospectuses. All information contained therein shall be considered accurate and correct and shall be binding upon Client/s, if Client/s do not object, either in writing or via electronic mail, within Twenty Four (24) hours after any such document is sent to Client/s. In all cases, PPWB reserves the right to determine the validity of Client/s objection to the transaction. Notices and other communications may also be provided to Client/s verbally. Client/s agrees that PPWB fulfils all its legal obligation to deliver to Client/s any such document if sent via electronic delivery. Documents sent by electronic delivery will contain all the information as it appears in the printed hard copy version as prepared and distributed by the originator, with the possible exception of graphic insertions such as photographs or logotypes. Electronic delivery may be in the form of an email, an electronic mail attachment, or in the form of an available download from the web site. Client/s represent that Client/s will download the relevant document promptly after receiving notice of its availability. Should Client/s experience any difficulty in opening a document electronically delivered by PPWB, Client/s will promptly advise PPWB in order to allow it to make the required delivery by other means. Failure to advise PPWB of such difficulty within forty eight hours after delivery shall serve as an affirmation that Client/s were able to receive and open said document.


      If it is considered necessary for its own protection, PPWB may require the Client/s to immediately deposit cash or collateral into their account prior to any applicable settlement date in order to assure due performance of their open contractual commitments. If Client/s do not provide the additional cash or collateral, Client/s hereby understand, confirm and acknowledge that PPWB shall have complete discretion and rights to sell any or all securities and other property in their account, buy any or all securities and other property which may be short in their account, cancel any or all open orders and/or close any or all outstanding contracts without any prior notice or intimation. Any such sales or purchases may be made at any time at PPWB's discretion on any exchange or other market where such business is usually transacted, or at public auction or private sale, or PPWB may be the purchaser/seller for its own account. The Client agrees that the Mark to Market (MTM) process or any similar process run by PPWB to call for additional margin on Client positions shall be considered as online margin call given to the client. Further, the client has been provided with tools on the website itself where he can ascertain details of his existing margin blocked, margins required, MTM loss adjustment, margin percentage etc. The margin requirement derived by use of these tools and the MTM process run by PPWB to call for additional margin on open positions will be construed as margin call/ demand for the additional margin required by PPWB. Clients are bound to monitor and review their open positions and margin requirements all the time and furnish the additional margin to the Company.


    PPWB is offering Intraday facility to its Clients in the equity segment and the terms and conditions governing the same are as specified below.

    PPWB shall decide the Exchanges in which the Clients would be permitted to take Intraday Positions under the Facility. PPWB shall have the discretion to withdraw this Facility from any exchange as well as provide the Facility on any additional exchange at any time.

    PPWB shall decide upon the list of securities in which Clients would be permitted to take Intraday Positions under the Facility. Such a list of securities would be subject to change by PPWB from time to time.

    PPWB shall decide upon the security specific Margin applicable for taking Fresh Intraday Positions in various securities under the Facility and PPWB reserves the right to alter the security specific Margin applicable for a security without notice to the Client and without assigning any reasons whatsoever. PPWB shall display such Margin before the Client places the order.

    Clients can place Normal or Cover Intraday Order under this facility. In case of Cover order, The Client agrees that 2 leg orders will be placed, first Order can be either limit or market order and second order will be Cover Order having identical quantities of the security. In case of partial execution of first leg and client would like to exit from the cover order then, client will be able to exit only to the extent of unexecuted quantity of the first order and balance quantity will be placed as market order along with market protection. The Client agrees to refer to the FAQs section of the website for any changes in order modification/cancellation features from time to time. Cover order will be triggered only if the first leg is partially or fully executed.

    The Client agrees that, under this Facility, depending on the stock volatility and market situation for a particular security, PPWB would specify a percentage difference that would be required to be maintained between the prices specified in the fresh order as well as the Cover Orders. The Client agrees that the percentage differences would be required to be maintained at the time of order modifications also.

    The Client agrees that this percentage could be revised by PPWB (at its own discretion) from time to time and even during the trading period. The Client further agrees that PPWB may, at its discretion, alter the price conditions or specify additional conditions under the facility. The continued use of the Platform by the Client shall be deemed to be an acceptance by the Client of the modified/altered Terms and Conditions.

    The Client agrees that if he/she does not maintain the prescribed difference, the order or the modification request, as the case may be, shall be rejected.

    PPWB may also, at its discretion, display the minimum percentage of difference between the prices, on the Platform, which would be subject to change by PPWB from time to time.

    The Intraday orders along with the Cover Orders will be allowed only if the order prices are within the daily price range decided by the Exchange and within the daily price range as decided by PPWB, if any, from time to time. If any of the order prices is not within the above price range, both the Fresh Orders as well as Cover order(s) would be rejected.

    The Client agrees that under the Facility, the maximum quantity that can be placed for Fresh Order at market price is limited to as decided by the risk department of PPWB or freeze quantity defined by the Exchange.

    In case of a Fresh Order at limit for buy (or sell as the case may be), the maximum quantity that can be submitted for Fresh Orders is generally the maximum quantity allowed for that particular stock. However, PPWB reserves the right to modify this permissible maximum quantity based on market conditions and risk factors. Margin would be blocked for market Buy Order basis, best offer price of that particular stock available on Exchange market depth at the time of Order placement and vice versa for sell orders.

    In the event the actual Order execution takes place at a price different from the price at which the Margin was blocked, the required Margin would then be re-calculated and the limits would be blocked/released as the case may be at the actual Traded Price. In case of order modification also, the required Margin shall be re-calculated and excess margin, if any, shall be released or additional margin needed, if any, will be blocked. In case the available Margin with PPWB is insufficient, then the order modification request would get rejected.

    The Client agrees that under the Facility in case of Fresh Order placed at Limit Price, then Margin would be calculated based on Limit Price of Fresh Order. The Client agrees that PPWB reserves the right to collect security specific Margins from the Client for the Fresh Orders placed under the Facility.

    The end of day settlement process for Intraday positions would be run at a predetermined time for every settlement and during this process all the existing open Intraday positions would be squared off. PPWB shall have the sole discretion to decide upon the end of day settlement process timing.

    The Client agrees that PPWB would not be liable in the event for reasons including but not limited to lack of adequate offered quantity, the entire quantity of the Cover Order is not fully executed up to the Limit Price. In such a scenario, PPWB would, at its discretion, cancel these unexecuted Cover Orders and place Cover Order at market price so that such orders could be executed immediately at market prices and the positions are squared off within the same settlement. Any loss arising out of such square off would be fully borne by the Client.

    If due to any technical reasons beyond the control of PPWB, either of the orders gets rejected by the exchange, there exists a possibility of position being created without a Cover Order. The Client agrees that PPWB would not be liable for losses, if any, incurred in case of such situation.

    The Client agrees that PPWB would not be liable in the event for reasons including but not limited to volatility or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond control of PPWB, this may cause excess positions to be created.

    In case any excess position remains open at the end of the settlement then PPWB shall have the discretion to treat these open positions as delivery based trades and debit the customers bank account (or demat account as the case may be) with requisite amounts (or securities as the case may be).

    Alternatively, the excess position may be squared off by PPWB at its discretion and any loss arising out of such square off would be fully borne by the Client.

    If any amount is due from the Client to PPWB pursuant to the Client availing this Facility, the Client shall pay the amount due without unreasonable delay or demur or protest on a demand being made by PPWB. PPWB shall also have the right to transfer /sell any other securities of the Client at Client's risk and costs for recovering such dues. In case of delayed payment/ delay in realization of the dues, then interest, at the rates as decided by PPWB from time to time, shall be paid by the Client for the same till the date of payment by the Client.

    The Client agrees and undertakes to provide PPWB with all the documents and particulars, that may be required by PPWB, pursuant to the Client availing of this Facility.


    The Client confirms that PPWB shall not be deemed to have received any electronically transmitted order or application until PPWB has confirmed the receipt of such an order or application. The Client further understands that trading is through electronic mode, based on satellite/leased line-based communications, a combination of technologies and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond the control of PPWB and may result in delay in processing or not processing buy or sell orders either in part or in full. The Client understands and agrees that although these problems may be temporary in nature, in case when the Client has outstanding open positions or unexecuted orders, these represent a risk because of the Client’s obligations to settle all executed transactions. The Client understands that placing an order with PPWB, either electronically or otherwise, does not guarantee complete execution of the said order or acceptance of an application. The Client confirms that it shall not hold, nor seek to hold, PPWB and/or any of its officers, directors, employees, agents, subsidiaries or affiliates, liable for any loss or damage including but not limited to trading losses incurred by the Client due to unavoidable technical hitches, exchange or market regulation, suspension of trading, war, strike, equipment failure, communication line failure, system failure, security failure on the Internet, unauthorised access, theft, or any problem, technological or otherwise, or other condition beyond the control of PPWB that might prevent the Client from entering an order or PPWB from executing an order.

    The Client hereby agrees and undertakes not to hold PPWB liable for any claim, issue, action, grievance loss, damages or dispute that the Client may suffer and shall indemnify and save harmless PPWB from any claim, issue, loss, damages, action, dispute or grievance that any third party may have, on account of PPWB having acted in pursuance of the directions and/or authorisations of the Client and/or PPWB.

    This Facility shall be offered to the Clients at the sole discretion of PPWB. PPWB reserves its absolute right to refuse to offer this Facility to any Client or group of Clients and may withdraw the Facility at any time without prior notice or assigning any reason therefore.

  3. BTST

    BTST is a facility offered by PPWB which allows the Client to sell the securities purchased through PPWB, before the same are credited to the Client's demat account. The Client need not wait to sell the securities till the actual credit of the purchased securities into his demat account.

    BTST facility is offered to the Resident individual Indian Clients of PPWB. Notwithstanding the above, PPWB reserves the right to refuse this facility to any Client or group of Clients at its sole discretion and without assigning any reason.

    PPWB shall decide upon the list of securities, which shall be eligible for this facility. This list would be subject to change at the sole discretion of PPWB from time to time. PPWB may also at its sole discretion decide to withdraw a particular security from the list without notice to the Clients and without assigning any reasons whatsoever.

    Under the BTST facility the quantity of securities available for sale shall be only such a percentage of the quantity of securities bought by the Client, as may be permitted by PPWB from time to time. PPWB shall at its sole discretion vary the percentage, if it deems fit, without notice to the Clients and without assigning any reasons whatsoever and the Client will at all times be required to abide by such decision. The Client shall be permitted to sell the previously bought security under BTST within such number of days as prescribed by PPWB from time to time. Securities bought on a particular day (i.e. day T) can be sold by the Client on T + 1 day. However in case securities under no-delivery period (wherever applicable), then T+1 day will start from the day on which the scrip comes out of no delivery. Client will have to provide required margin for executing the sell trade on T+1 day under BTST facility.

    Securities purchased by the Client which are pending to be credited to the Client's demat account can be viewed by the Client after login on the “Holding Page” of the Website. If the Client places a sell order then the holding quantity would get reduced from the portfolio page. The priority for sell order for paying to Exchange would be based on the first against the existing demat holdings and thereafter to the receivable / previous day buy quantity.

    Pursuant to the Client availing of this facility the securities bought by the Client in one settlement shall be retained either partly or fully by PPWB in its demat account for the purpose of meeting the pay in obligation of the Client towards the securities sold by the Client in the subsequent settlement(s).

    Please refer to the Policies and Procedures document for further details.

    The use of this facility is entirely voluntary and the facility has to be used in accordance with the applicable rules/ regulations/ guidelines specified by the Securities and Exchange Board of India and other competent authorities from time to time. PPWB disclaims all liability for any loss caused to the Client out of the purchase or sale of securities through use of this facility.

    This facility is offered by PPWB in accordance with the rules/regulations/ guidelines specified by the Securities and Exchange Board of India and other competent authorities from time to time pertaining to the secondary market for securities. PPWB reserves the right to change these terms and conditions at any time in accordance with the regulations specified.


    This facility allows You to apply for public issues via ease of process which eliminates the need for filling out tedious/detailed applications.

    PPWB is just acting as the distributor of the IPO products. Opening of an account will not guarantee the allotment of shares in an IPO.

    Investors are requested to do their due diligence before investing in any IPO. Past or present performances are not indicative of future results. You are requested to read the issuer's offer document/ prospectus carefully before submitting an application/bid.

    Bids received by us will be routed only through the National Stock Exchange (NSE) / Bombay Stock Exchange (BSE).

    Who can apply?

    1. Retail Investors

      1. Investors under this category can start applying at least 3 days before the issue opens or at the discretion of PPWB as decided from time to time. PPWB shall maintain these orders and submit only on the start date of bidding.

      2. Clients can apply during any time till the bid close date. But on the bid close date, the time should be configurable, the default time should be 3 PM. Bids placed by the investors outside of the bidding window will be stored with PPWB and placed to the exchange once the bidding window opens.

      3. You can view, modify or cancel the bid.

      Once allotted, You will be notified on successful allotment of the units (partial or full) over email or through any other appropriate channels

    2. HNI Investors

      1. Investors under this category can modify either the price or increase the lot size. However, the investors cannot cancel the bid once the request is placed or decrease bid price or quantity.

      2. You will be notified on successful allotment of the units (partial or full) over email or through any other appropriate channels.

      You can apply for an IPO either through UPI or net banking channel.

      If you’ve applied for the IPO through net banking through the bank's portal and have been allotted the shares, you may not be able to see that scrip under your holdings. However, you will still be able to sell these shares by searching for the scrip from your home screen, selecting it, and then placing your order. Before placing a sell order, kindly ensure that sell order quantity shall not be more than the allotted quantity as per your Share.Market DP account to avoid any short selling in your account.

      Please refer to the FAQs for IPO for more information.

      Note: There are always risks in applying to IPOs, and the Client should always research the company prior to applying to their SME IPO.


    Note: The terms pertaining to Futures & Options shall be applicable only when this facility is launched by PPWB on the Platform.

    1. Features:

      1. The Client can place the following types of orders in F&O on the Platform:
        1. Intraday limit, stop-loss limit, intraday market limit
        2. Overnight limit, market, stop loss limit
      2. AMO (After Market Order) are also accepted for F&O.
      3. Intraday orders are accepted till the auto-square off for F&O segment starts.
      4. Disclosed quantity is not applicable.
      5. F&O orders can be placed between 9:15 AM to 3:30 PM.
    2. Post Transactional Flow

      1. Once the order is executed in full or partial, the open positions will be created and shown in the Portfolio > Positions section.
      2. The Intraday and Overnight positions will be shown separately for each contract.
      3. The following data points will be reported for the positions:
        1. Unrealised gain/loss
        2. Realised gain/loss
        3. Current value
        4. Cost basis
        5. Average Buy Price
        6. Today’s change (for overnight positions)
      4. The Client will be able to buy more, exit and convert the position.
      5. If the Client has positions in Cash and F&O, then a separate timer for Auto square off will be shown to enable the Client to square-off the positions.

MARGIN REQUIREMENTS including Pledge and Re-pledge of securities

  1. The Client shall pay applicable initial margins, exposure margins, delivery margins, premium margins for Options buy or such other margins as are considered necessary by PPWB or the Exchanges or as may be directed by SEBI from time to time as applicable to the segment of F&O in which the Client trades.
  2. PPWB is permitted in its sole and absolute discretion to collect additional margins (even though not required by the Exchange or SEBI) and the Client shall be obliged to pay such margins within the stipulated time as decided by the Risk team of PPWB from time to time.
  3. The Client understands that payment of margins by the Client does not necessarily imply complete satisfaction of all dues. In spite of consistently having paid margins, the client may, on the settlement of its trade, be obliged to pay (or entitled to receive) such further sums as the contract may dictate/require.
  4. In case the Client is providing collateral in the form of approved securities as margin, a margin pledge shall be initiated by the Client in favour of PPWB through physical or electronic instruction mechanism provided by the Depository, CDSL.
  5. Where the Client has given Demat Debit and Pledge Instruction in favour of PPWB, the margin pledge shall be initiated by PPWB on behalf of the Client. The margin pledge will be initiated as per the process defined by the Depositories/ SEBI / Exchanges.
  6. The Client will receive a link on registered Email id / Mobile number mapped with depository (CDSL) for confirmation of pledge in favour of PPWB. The Client will have to enter an OTP received on Email id and /or Mobile number within the prescribed timeline to confirm pledge in favour of PPWB. The limit for trading on pledge securities will be given to Client on best effort basis only post confirmation of creation of pledge in favour of PPWB.
  7. PPWB will not be responsible for any delay or non receipt of link / OTP from depositors for creation of pledge or non confirmation of pledge request by the Client.
  8. PPWB shall reserve rights to allow pledging of only selected securities at its own discretion. The client agrees that such approved list of securities and the haircut thereon are subject to change at the discretion of the PPWB. The trade limits on pledge securities shall be given after applying appropriate haircuts. PPWB shall not be responsible for delay, if any, in pledging or un-pledging of Client securities due to technical or any other issue at Depository (CDSL), Clearing Corporation as well as at PPWB’s end. Client shall ensure that correct Email and Mobile number is updated with PPWB at all the times so that the Client can receive link and OTP for creation of pledge.
  9. PPWB shall reserve the rights to repledge the securities to the clearing corporation. In case of defaults PPWB and / or the Clearing Corporation shall be entitled to invoke securities pledged by the Client. The Client acknowledges that such securities pledged with the PPWB as margin are free of any lien or encumbrance and would be held by the PPWB in fiduciary capacity. The Client further acknowledges that the PPWB shall be liberty to further pledge such securities with clearing corporations. The Client also acknowledges that any such stock deposited, would be released back to the Client, in case a request for the same is received by the PPWB or in accordance with the SEBI / Exchanges guidelines, subject to compliance with the margin collection norms of the Client.
  10. In case of failure of Early Pay in (EPI) to Clearing Corporation by PPWB, any positions taken by the Client against the sell proceeds and in the event of failure of EPI on T day, penalty applicable due to such shortage of margin may be levied on the Client.
  11. The Client is aware and acknowledges that the Stock broker may need to vary or reduce the limits or impose new limits urgently on the basis of the Stock broker’s risk perception and other factors considered relevant by the Stock broker, and the Stock broker may be unable to inform the Client of such variation, reduction or imposition in advance. The Client acknowledges that the stock broker shall not be responsible for such variation, reduction or imposition or the Client’s inability to route any order through the Stock broker’s website / mobile app on account of any such variation, reduction or imposition of limits. The Client understands and acknowledges that the stock broker may at any time, at its sole discretion and without prior notice, prohibit or restrict the Client’s ability to place orders or trade in securities through the stock broker.
  12. In case of a market order, the Client acknowledges that he will receive the price at which his order is executed by the exchange’s computer system; and such price may be different from the price at which the security is trading when his order is entered into the stock broker’s website / mobile application.
  13. The Client acknowledges and undertakes to immediately deposit with the PPWB such cash, securities or other acceptable security, which the Stock broker may require as margin. The Client acknowledges that the stock broker shall be entitled to require the Client to deposit with the stock broker a higher margin than that prescribed by the Exchange. The member shall endeavor to inform the client about any shortfall in the margin available, and the Client agrees to fulfill such shortfall to avoid squaring off of the position. Client also acknowledges that in case the margin is not fulfilled within the given timeline, the member shall be at liberty to invoke the pledge and sell the securities pledged as margin with the member. The Client acknowledges that such sale of securities shall be carried out in the Client account and due credit, post relevant charges shall be credited to the account of the Client on settlement date.
  14. There may be a delay in PPWB receiving the reports of transaction status, from the respective exchanges or other persons in respect of or in connection with which the PPWB has entered into contracts or transactions on behalf of the clients. Accordingly the PPWB may forward to the Client late reports in respect of such transactions that were previously un-reported to him have been expired, cancelled or executed. The Client shall not hold the PPWB responsible for any losses suffered by the Client on account of any late reports, statements or any errors in the report/statements computed by or received from any exchange.
  15. The PPWB may, at its sole discretion, reject any order placed on the web-site / mobile app or in any other manner due to any reason, including but not limited to the non- availability of funds in the trading account of the Client, non- pledge of securities in favour of PPWB towards collaterals, insufficiency of margin amount, suspension of scrip - specific trading activities by or on an Exchange and the applicability of circuit breaker to a scrip in which orders are placed.
  16. In case PPWB is pledging client securities with Clearing corporations as allowed by regulators / Exchanges from time to time, then Client is giving appended consent to PPWB as specified by NSE (NCL) vide circular ref no. NCL / CMPT /41713 dated July 25, 2019, SEBI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020 and SEBI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/88 dated May 25, 2020. (i) the Said Securities are in existence, owned by the respective clients and are and shall be free from any charge, lien or encumbrance, whether prior or otherwise (ii) that the Said Securities will be subject to the creation of pledge in favour of or for the benefit of Clearing Corporation (“CC”) and further that the Securities over which pledge may be created in future would be in existence and owned by clients at the time of creation of such pledge and that the Said Securities to be given in future as security to “CC” would likewise be unencumbered, absolute and disposable property of the clients (iii) that the Clearing Member is authorized to do all such acts and things, sign such documents and pay and incur any such costs, debts and expenses as may be necessary under this Deed of Pledge and the same shall be subject to terms and conditions as contained herein (iv) that the Client agrees that the Said Securities shall be subject to the first priority and lien in favour of “CC” to secure, the client’s obligations and that the rights or interests of the client with respect to the Said Securities shall be subject and subordinate to the rights, claims and interests of “CC” in respect of the Said Securities (v) that “CC” may invoke the pledge without any reference to or permission of the client and upon receipt of the Said Securities, “CC” may utilize the proceeds in meeting the client’s obligations in such manner as it may deem fit and that such invocation of pledge will be final and irrevocable against the Clearing Member and the client (vi) the client shall not make any claims or demands for refund or any reimbursement in relation to the Said Securities.
  17. Receipt and payment of MTM : PPWB will block MTM loss on open positions from the available clear ledger balance. The PPWB shall accept from the Client further order, which, if executed, will add to the open positions only if the balance collateral (Cash + pledge securities) is sufficient to meet the requisite margin on such new positions. The Client shall be obliged to pay the amount of MTM loss blocked against the clear Cash balance on the immediate succeeding business day. The Member will adjust the Client’s liability towards MTM loss against the initial deposit maintained in cash by the Client. If the Client defaults in paying in the MTM loss, the Member shall be entitled to liquidate/ close out all or any of the Client’s positions without prejudice to the Member’s right to refer the matter to arbitration. Any and all losses and financial charges on account of such liquidation / closing out shall be charged to and borne by the Client.
  18. In case of online transfer of funds (through NEFT, RTGS and IMPS), if PPWB receives the same before cut off time on Trade (T) day, credit would be given in the ledger (subject to third-party validation) on the same day (T day). Any online transfer received after cut-off time on T day will be accounted in the client ledger on the T+1st day accordingly, the client will be liable for penalty if any, due to shortfall in payment of margin / MTM.


  1. There are risks of higher volatility due to dynamic changes in price that derivative contracts undergo when trading activity continues on the Exchanges. Generally, higher the volatility of a derivatives contract, greater is its price swings. As a result of volatility, your order may only be partially executed or not executed at all, or the price at which your order got executed may be substantially different from the last trade price or change substantially thereafter, resulting in real losses.
  2. There may be risks of lower liquidity. Buying or selling without intention of giving and/ or taking delivery of certain derivatives may also result in losses, because in such a situation, derivative contracts may have to be squared-off at a low/ high prices, compared to the expected price levels.
  3. Most of the Exchanges have a facility for investors to place “limit orders”, “stop loss orders” etc. Placing of such orders (e.g. “stop loss” orders or “limit” orders) which are intended to limit losses to certain amounts may not be effective many a time because rapid movement in market conditions may make it impossible to execute such orders. A “limit” order will be executed only at the “limit” price specified for the order or a better price. However, while the client received price protection, there is a possibility that the order may not be executed at all.
  4. Rumours about the price of a security at times float in the market through word of mouth, newspaper, websites or news agencies, etc., Therefore, the investors should be wary of and should desist from acting on rumours.
  5. Trading on the Exchange is in electronic mode, based on satellite/ leased line communications, a combination of technologies and computer systems to place and route orders. Thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading halt, or any such other problem/glitch whereby not being able to establish access to the trading system/network, which may be beyond the control of and may result in delay in processing or not processing buy or sell orders either in part or in full. You are cautioned to note that though these problems may be temporary in nature, these represent a risk because of your obligations to settle all executed transactions when you have outstanding open positions or unexecuted orders.

Note: It is advised that the Client familiarises herself/himself with the risks as well as the features offered on derivatives before undertaking any trade with respect to any derivative contract.


Though orders are usually routed to the market within seconds, certain orders, at the sole discretion of PPWB, may be subject to manual review and entry or on account of sudden and unavoidable market risk , which may cause reasonable delays in the processing of the said orders. Client/s also understand and acknowledge that with respect to Market Order, Client/s will receive the price at which their order was actually executed in the market, which may be different from the price at which the security is traded when their order is entered into the PPWB system.


For Delivery based trades, for cases where applicable brokerage amounts less than ₹ 0.01, a minimum of ₹ 0.01 per contract note will be charged to the Client.


The Client hereby agrees that ledger balance with less than Rs. 1 will not get transferred to linked Bank account during normal fund payout or funds transfer due to inactive account or monthly / Quarterly settlement cycle. Client can add an amount to roundup to make it more than Rs 1 so that, respective payout request can be processed.


The accuracy, completeness, sequence or timeliness of the information cannot be guaranteed. PPWB and its affiliates, their financial advisors and agents shall not have any responsibility or liability for direct, indirect, actual or remote, consequential, special, or other damages the Client may incur for any reliance by the Client on information or for the reliability, accuracy, completeness, sequence or timeliness thereof for any delays, interruption or errors in the transmission or delivery of any part of the information or services or for unauthorised use by the Client.

Any orders accepted during off market hours will be sent to the exchanges after such exchange opens on the next trading day. Such orders will be processed on a best effort basis. PPWB does not take any responsibility or liability in any event whatsoever for any delay in processing / non processing of such orders, delay in acceptance and / or execution or non-acceptance and/or non-execution of the order by the concerned exchange due to any reason whatsoever.

The Client understands that any quotations provided as part of the services may be delayed and may not reflect the prices at which the quoted securities may be bought or sold. The Client should not make any decisions to buy or sell securities based on such quotations or on any other information accessed on or through the Platform. The Client agrees not to hold PPWB liable for any damages arising from a discontinuation or modification of all or part of the services or information.

PPWB shall ensure that order acceptance or rejection on the Platform is communicated to the Client within a reasonable period of time. PPWB shall send electronically including without limitation, trade confirmations, notifications of trade failures for the execution of the Client's Order/trade. Such confirmation shall be made available to the Client by way of web postings accessible to the Client after login or through an e-mail address provided by such client. The Client agrees that the information sent by PPWB by web posting/e-mail is deemed to be a valid delivery of such information by it.

Except as expressly set forth in the Terms & Conditions, PPWB and its affiliates, agents and employees hereby expressly disclaim all express and implied warranties, including without limitation, warranties of merchantability, fitness for a particular purpose, and error-free and uninterrupted services. PPWB does not warranty, guaranty, or make any representations or warranties whatsoever, express or implied, or assume any liability to the Client regarding (i) the use or the results of the use of the services, including without limitation any financial results based on use of the services or information or any delay or loss of use of the services, or (ii) system performance and effects on or damages to software and hardware in connection with any use of the site, services, and information.

Except as otherwise provided by law, PPWB shall have no liability for losses caused by the negligence, actions or failure to act of the provider or any third party provider acting on PPWB’s behalf.

To the extent permitted by law, neither PPWB nor the provider or any third party provider acting on PPWB’s behalf shall be liable to the Client for any indirect, special, remote, incidental or consequential damages (regardless of whether such damages are reasonably foreseeable), or for any loss, costs, expenses including without limitation reasonable legal fees, arising from a failure, interruption, error, omission or delay in the performance of their obligations or in the transmission of information that results from a cause over which PPWB or any other such entity does not have control, including but not limited to failure of electronic or mechanical equipment/any failure in the links/system failure/faults in the telecommunication network or internet or network failure or software/hardware errors at the Client’s end or at the end of PPWB or of the exchanges or theft or destruction or unauthorized access, alteration or use of information or incomplete/incorrect data or information provided to PPWB over the site/system and/or any error in the execution of any request due to such incomplete/incorrect data, strikes, failures of common carrier or utility systems, severe weather, fire, floods, pandemic or other causes commonly known as “Act of God” or force majeure events.


The Client can raise his/her query or complaint with PPWB through any of the following methods:

  1. For Stock Broking, email at [email protected] and for research service, email at [email protected]
  2. contact us at 080-68727687
  3. create a ticket on the Platform in the following manner:
    1. Tap your profile picture on the top left of your home screen.
    2. Tap Help under the Support section.
    3. Tap Contact Support.

The detailed information on raising complaints and tracking for the same is provided on the Platform.

In absence of response/complaint not addressed to your satisfaction, you may lodge a complaint with SEBI at https://scores.gov.in/scores/Welcome.html

Please quote your Service Ticket/Complaint Ref No. while raising your complaint at SEBI SCORES/Exchange portal.

The aggrieved Client can also contact the Exchanges on the below details:

Sr. No.


Web Address

Contact No.

Email ID

1NSEwww.nseindia.com022-26598190[email protected]
2BSEwww.bseindia.com022-22728517/+91 9920260239[email protected]

The aggrieved Client can also contact the Depositories on the below details:

Sr. No.


Web Address

Contact No.

Email ID

1CDSLwww.cdslindia.com1800225533[email protected]

As per SEBI’s circular dated 31 July 2023 bearing reference number SEBI/HO/OIAE/OIAE_IAD- 1/P/CIR/2023/131, the Client can initiate online dispute resolution through the ODR Portal after exhausting all available options for resolution of the grievance as mentioned above. If the Client is still not satisfied with the outcome, he/she/they can initiate dispute resolution through the ODR Portal at https://smartodr.in/login

The dispute resolution through the ODR Portal can be initiated when the complaint/dispute is not under consideration with PPWB or SCORES guidelines as applicable or not pending before any arbitral process, court, tribunal or consumer forum or are non-arbitrable in terms of Indian law. The parties to the dispute under ODR Portal agree to undertake online conciliation and/or online arbitration by participating in the ODR Portal and/or undertaking dispute resolution in the manner specified in the SEBI circular dated 31 July 2023.

Further, as per the circular all agreements, contractual frameworks or relationships entered into by Market Participants with investors/clients in the Indian Securities market presently existing or entered into hereafter shall stand amended or be deemed to incorporate provision to the effect that the parties agree to undertake online conciliation and/or online arbitration by participating in the ODR Portal and/or undertaking dispute resolution in the manner specified in this Circular.



Disclaimer in respect to Trademarks / Trade logos of stocks displayed on App and Website.

The trademarks / trade-logos of the Stocks displayed on PPWB Platforms (App/ website) are property of respective trademark / trade-logo owners. Such trademarks / trade-logos of the Stocks are being displayed here in good faith, for general informational purposes only and to ease brand recall for the customers/ investors/ public at large. Customers/ Investors and/ or any third parties are not permitted to make any usage of such trademarks / trade-logos without prior express written consent of the respective trademarks / trade-logos Owners. PPWB neither claims any ownership rights on such trademarks / trade-logos of any nature nor provide any warranty (express or implied) or assurance regarding correctness or completeness or accuracy of such information on the PPWB Platforms.

Disclaimer with regards to Data:

The price, trends, various assumptions, and past business performance data of the stocks / mutual funds, etc displayed herein are provided by third parties to PPWB and PPWB is publishing the same on a ‘as provided’ basis. PPWB does not make any representations regarding the use of or any consequences resulting from the use of such information in terms of its compatibility, correctness, accuracy, and reliability or otherwise and PPWB assumes no liability or accountability arising out any incorrectness, irregularity, or inconsistency therein. The Client is advised to use such information at his/her risk and responsibility. Further, the Client shall not misuse this information for any purpose and shall be held liable for any losses or damages incurred to PPWB due to the Client’s misuse of this information.

© 2023 Trendlyne. All Rights Reserved.

The information, data, analyses and opinions ("Information") contained on our Website and mobile apps herein: (1) include the proprietary information of Trendlyne and its content providers; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from other data vendors. Trendlyne is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don't make any investment decision except upon the advice of a professional financial adviser.


PPWB curates WealthBaskets through its in-house research division and is also a distributor of WealthBaskets curated by other SEBI registered Investment Advisors/Research Analysts. You should consult your financial advisers as regards the suitability of the WealthBasket for you before investing. CAGR is factual, shown for information purposes only, and not as an advertisement/promotion or as an assurance of future returns. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Upon the purchase of a WealthBasket, the securities constituting the concerned WealthBasket shall be credited in your account with the Platform. The allocation of securities comprising a WealthBasket may change from time to time, keeping in view the market conditions and other factors.

We will offer periodic research reports regarding the concerned WealthBasket to our subscribers, during the term of their subscription. The research reports will be offered to you as per the research report entitlement frequency mentioned in these Terms. To avoid ambiguity, it is clarified that you are entitled to receive research reports only on the dates as per the research report entitlement frequency.

All content and information mentioned in our research report is provided by us on an "as is" basis. The information considered by us to base our research report is obtained by us from sources generally deemed reliable, but this does not guarantee the accuracy or completeness of such information. We do not warrant completeness or accuracy of information cited in our research report and expressly disclaims all warranties and conditions of any kind, whether express or implied. Any performance data quoted represents past performance and does not guarantee future results.

Information mentioned in our research report should not be considered as an assurance, representation or guarantee that the forecast, recommendation, opinion, price target etc. about any WealthBasket or any of its constituent securities will be achieved.

Redistribution of our research report or of any proprietary information contained therein is strictly prohibited. We reserve all intellectual property rights in our research report.

We and our affiliates expressly disclaim liability and shall not be held responsible for any losses, claims, or liabilities arising out of any transaction made by you as a consequence of availing our services. We and our affiliates are not liable for the consequence of your decision to not act on our research report(s) or to deviate from the recommendations made in our research report(s).

Subscription fees are paid directly to the respective curators of the WealthBaskets. PPWB may charge a nominal fee for usage of the platform to subscribe to WealthBaskets and brokerage and other transaction costs for execution of the trades/Orders. Orders are executed at the Exchange suggested by the curators.

PPWB is not responsible for any losses, direct or indirect, special, consequential, exemplary, notional or punitive damages arising as a result of investing in WealthBaskets. Any complaint/dispute pertaining to WealthBaskets would not have access to Exchange investor redressal or the Arbitration mechanism.


  1. The account-based relationship between the Client/s and PPWB shall always be subject to government notifications, any rules, regulations and guidelines issued by SEBI and Stock Exchange rules, regulations and byelaws that may be in force from time to time.
  2. In the event of death or insolvency of the Client/s or his otherwise becoming incapable of receiving and paying for or delivering or transferring securities which the Client/s has ordered to be bought or sold, PPWB may close out the transaction of the Client/s and the Client/s or his legal representative shall be liable for any losses, costs and be entitled to any surplus which may result therefrom.
  3. The account-based relationship between PPWB and the Client/s shall stand terminated by mutual consent of the parties by giving at least one month written notice. Such cancellation or termination shall not have any effect on transactions executed before the date of such notice of termination and the parties shall enjoy the same rights and shall have the same obligations in respect of such transactions.
  4. The instructions issued by an authorized representative of the Client/s shall be binding on the Client/s in accordance with the letter authorizing the said representative to deal on behalf of the Client.
  5. The Stock Exchange may cancel a trade suo-moto without giving any reason thereof. In the event of such cancellation, PPWB shall be entitled to cancel relative contract(s) with Client.
  6. It is the responsibility of the customer to complete the onboarding process and provide correct customer state location, if the onboarding is not completed by the customer by the end of month in which the account opening fees is paid then PPWB shall be entitled to consider its premise location (ie location of supplier) for the tax purposes.
  7. PPWB retains the right to amend or revise the Terms and Conditions from time to time. PPWB shall notify the Client of any material change in the Terms and Conditions via email or other means. It shall be assumed that the Client agrees to the revised terms if he/she continues to use the Platform.


  1. The Terms and Conditions shall be governed and construed in accordance with the laws of India without reference to conflict of laws principles. All differences and disputes arising in relation to shall be subject to the exclusive jurisdiction of courts at Bengaluru.
  2. Any dispute pertaining to transactions done on the Stock Exchanges shall be governed as per the concerned Exchange Rules and Regulations.