India
NRI
PORTFOLIO DISCLAIMER
• The scrip wise cost displayed under Portfolio section may differ with the scrip wise cost mentioned on the contract note because in contract note, STT and Turnover Tax are calculated/rounded off at contract/turnover level while on the portfolio section the same is done at each transaction level.
• In case the customer is having Securities holdings in his/her DP which were not bought through AxisDirect but are sold now through AxisDirect, then such sale may result in display of negative holdings of securities in the AxisDirect Portfolio. To avoid such scenario, the customer is required to manually update the buy transaction details like scrip, quantity, rate etc along with date of purchase/acquisition in respect of such earlier holdings in the AxisDirect Portfolio section.
• The Net Assets Value (NAV) and the Market Value appearing are based on the last available quotes obtained from the data providers for the latest date. This shall not be construed as transaction execution price for placing any order.
• In case the client has unit holdings in his DP account/Account Statement with AMC which were not bought through Axis Direct but are sold / redeemed now through AxisDirect, then such sell/redemption of units may result in display of negative unit holdings in AxisDirect Portfolio..
• Calculation of Short term / Long term capital gains/loss in Portfolio - If the client trades in Intraday / Derivatives, Gain / loss from Intraday / Derivatives transactions are treated as speculative income/loss. Delivery based trading - If stocks are sold within a period of 1 year from the date of Purchase, Gain/Loss is classified as Short Term Capital Gain / Loss. If stocks are sold after 1 year from the date of Purchase, Gain / Loss is classified as Long term Capital Gain/Loss.
• Delivery based trading - The computation of Capital Gains Tax in the portfolio section should not be used as a substitute for competent tax advice. It is meant to provide to the client with a reference point of his/her Capital Gain Tax liability. It is meant for indicative purposes only. The results of the calculation/s cannot be construed to be entirely accurate / comprehensive. The client should make his/her own view, judgments and do independent analysis of the Capital Gain Tax results as he/she deems fit and reliable prior to making the use of the same. The client should further take opinion of his/her own tax consultants, professional advisors before arriving at any decision on the basis of the computation of the Capital Gain Tax liability. Axis Securities Limited (ASL) is not engaged in rendering investment or tax advice. The client is solely responsible to update the details in the Portfolio section accurately on continuous basis, as the computation of the Capital Gain Tax entirely depends on the same. ASL shall not be liable for any liability of tax or any other amount payable on account of assessment proceedings, appellate proceedings or any other proceedings under the Income Tax Act, 1961 or any other applicable Acts. Neither ASL nor any of its affiliates, group companies, directors, employees, agents or representatives shall be held responsible, liable for any kind of damages whether direct, indirect, special or consequential that may arise from or in connection with the use of portfolio section and its details. Further ASL shall not be liable for any consequent changes in the amount of computation of Capital Gain Tax liability of the client pursuant to any amendments in the tax laws.
• System availability and response times are subject to system and application function and also that of the customers internet/mobile connectivity.
• The client is required to periodically reconcile the holdings shown in portfolio with actual holdings including effective cost price, date of purchase/acquisition etc and take necessary action where required.