Learn about ESSENCE INVESTMENT financial products in one article

Question:Does ESSENCE INVESTMENT have one fixed custody account or multiple random accounts? Why are some custodial pooled accounts associated with small banks in small places?

Answer:The operating model of ESSENCE INVESTMENT (ESSENCE INVESTMENT & FINANCE LIMITED) demonstrates the diversity and complexity of custody pooled account management in the financial services industry. The company manages more than one custodial pooled account by partnering with a number of different banks, a practice that is not random but carefully designed in compliance with relevant Securities and Exchange Board of India (SEBI) regulations. SEBI regulations require that in order to protect the interests of investors, all securities brokerage companies must deposit client funds in fund custody bank accounts recognized by the Indian Clearing Company Limited (ICCL). The establishment and management of these accounts is not decided unilaterally by the brokerage, but requires cooperation with ICCL to ensure compliance with regulations and standards.

Choosing a strategy to cooperate with small local banks may stem from many considerations. First, compared with large banks, small banks may be able to provide more flexible services and more attractive terms because of less competitive pressure. For example, they may offer lower fees or more personalized customer service, which is an important consideration for brokers. Secondly, local banks usually have a deeper understanding of the local market and can provide services that are more in line with local customer needs. This geographical advantage cannot be ignored for securities companies, especially when they want to delve into specific regional markets.

On the other hand, cooperation with small local banks also reflects the regional characteristics of the Indian securities market. India is a country with a vast geography and diverse economy, and market maturity and investor behavior vary across regions. In some areas, cooperation with local banks can not only improve service efficiency, but also enhance customer trust, which has a positive effect on promoting the healthy development of the local investment market.

Importantly, regardless of the size of the partnership, the management of all managed pooled accounts is directly regulated by SEBI. This means that even if the funds are held in smaller banks, the safety of investors’ funds is guaranteed. SEBI’s regulatory mechanism ensures that all operations must adhere to strict financial and legal standards to protect the interests of investors. In this way, ESSENCE INVESTMENT & FINANCE LIMITED and its partner banks aim to provide an investment environment that is both safe and efficient and promote the sound development of the capital market. ​

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Question:Is the address of ESSENCE INVESTMENT in India? What information is needed to open a securities account?

Answer:Indeed, the address of ESSENCE INVESTMENT is indeed located in India. The exact address is 301, Apollo Square, 7/3, R.S. Bhandari Marg (Race Course Road), Indore Madhya Pradesh, 452003. This indicates that the company has established its base of operations in the financial markets of India, providing securities investments and financial services.

When you decide to open a securities account with ESSENCE INVESTMENT, it is very important to prepare the correct account opening information, as these information will be used to verify your identity and source of funds to ensure compliance with anti-money laundering and customer knowledge regulations. Usually, the basic information required to open an account includes:

1. Valid personal identity certificate:One of the most basic requirements is to provide a valid identity document, such as a copy of your ID card or passport. These documents are used to confirm your identity and address.

2. Bank card or bank account information:In order to facilitate the deposit and withdrawal of funds and transaction execution, you need to provide bank account information. This includes the account holder’s name, bank name, account number, etc. to ensure smooth transactions.

3. Proof of personal net worth:Securities companies may require proof of personal net worth to evaluate your investment ability. This may include property appraisals, bank statements, etc. to show that your net worth meets the minimum requirements set by the company.

4. Proof of personal financial assets:In addition to proof of net assets, you may also need to provide proof of financial assets, such as account statements for stocks, bonds, and fund investments, to prove that you hold a certain amount of financial assets.

5. Proof of personal income in the past three years:This usually includes but is not limited to pay stubs, tax certificates or other official documents to prove that your annual income meets the company’s requirements.

In addition to the above basic requirements, in some cases, according to different regulatory requirements or company policies, other relevant documents may also be required, such as proof of address (utility bills, telephone bills, etc.), or the Investor Education and Protection Fund (IEPF ) related documents. Additionally, if you are a foreign national or a non-resident Indian (NRI), the account opening process may have additional requirements and steps, such as providing proof of overseas address, proof of country of tax residence, etc.

It is strongly recommended to contact ESSENCE INVESTMENT directly before opening an account, or visit its official website for the most accurate account opening guidelines and updated list of requirements. Doing so will not only help you complete the account opening process faster and more smoothly, but it will also ensure that your account complies with all legal and regulatory requirements and avoid any future headaches.

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Question:Does anyone know if the ESSENCE INVESTMENT company in Indore, Madhya Pradesh can open an account online?

Answer:Hello, I am honored to help you answer! ESSENCE INVESTMENT, located in Indore, Madhya Pradesh, India, provides modern investors with convenient online account opening services. This service fully reflects the progress of contemporary financial technology and digital trends. Compared with the traditional face-to-face account opening process, online account opening provides a more efficient and convenient experience, especially for investors who pursue convenience and timeliness.

Online account opening process

For special users, ESSENCE INVESTMENT’s online account opening process is very simple. Required preparation materials include:

• My ID card:used for identity verification and compliance with regulatory requirements.
• Mobile phone:used to receive verification information and emergency communications.
• Bank card:associated with a bank account, used to transfer funds in and out.

During the account opening process, investors will complete all necessary steps through the company’s website or dedicated mobile application with the assistance of ESSENCE INVESTMENT’s account opening manager. This typically involves filling in personal information, uploading identification documents, bank account information, and completing relevant compliance checks.

For non-specially approved users, if they wish to open a higher-level account, such as a so-called “blue ocean” account, they may need to meet higher asset requirements, usually an asset verification of at least 10 million. This type of account offers more investment options and advanced services, but at the same time, the account opening process is more rigorous and complex. In addition to submitting an application and related materials online, you may be required to submit more detailed financial documentation in person or by mail, and to complete a more in-depth background check. The entire review process, from application to account activation, may take at least a month.

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Question:Can ESSENCE INVESTMENT provide securities services?

Answer:Hello, according to the information available online, ESSENCE INVESTMENT is an excellent local certified securities intermediary. Information disclosed by sebi shows that Essence is wholly-owned by ESSENCE INVESTMENT & FINANCE LIMITED, the sole shareholder, and is capable of providing securities services!

Scope of securities services provided

• Securities trading:ESSENCE INVESTMENT can help investors purchase and sell a variety of securities products such as stocks, bonds, futures, options, etc., and provide fast and efficient transaction execution through its platform.
• Investment consulting:Provide investors with investment advice based on market research and analysis, help investors formulate investment strategies and choose appropriate investment products.
• Asset management:For investors who want professional institutions to manage their investment portfolios, ESSENCE INVESTMENT provides asset management services, including asset allocation, risk management, etc.
• Financial planning:In addition to securities trading and investment management services, ESSENCE INVESTMENT may also provide financial planning services to help customers plan long-term financial goals such as retirement and education funds.
• Market information and research:Provide market trends, industry research reports, company financial analysis and other information to help investors make more informed investment decisions.

Question:Can ESSENCE INVESTMENT’s securities account be opened online?

Answer:It can be opened; from the qualification point of view, it is qualified to open online, because this company has obtained the approval of Sebi, but the opening of currency derivatives and stock brokerage accounts often requires capital verification and the amount is above 10 million. It is open, so the conditions for opening are relatively strict. You still need to verify your capital first. A friend of mine has already opened it. I am very envious of it, but I am not qualified yet.

Question:Is ESSENCE INVESTMENT company legal? I want to participate in OTC trading through this platform.

Answer:ESSENCE INVESTMENT is a compliant organization. I have also inquired before. Since its establishment in 1992, this company has been adhering to the purpose of providing high-quality services to customers and has been developing steadily in the Indian financial market. As an important sign of proving its legitimacy and credibility, the company has received approval from the Securities and Exchange Board of India (SEBI) to engage in a variety of securities trading services, including over-the-counter (OTC) trading. You can use it with confidence!

ESSENCE INVESTMENT LEGALITY AND SERVICES

• Proof of legality:The legality of ESSENCE INVESTMENT is not only reflected in its long-term operating history, but also in that it holds a formal license issued by SEBI. SEBI is the primary regulator of the Indian securities market and is responsible for supervising and managing all securities-related activities to ensure fairness and transparency in the market.
• Service scope:As an approved OTC trading platform, ESSENCE INVESTMENT provides a wide range of financial products and services, including but not limited to the trading of stocks, bonds, derivatives and other financial instruments. The OTC market is a trading venue relative to traditional stock exchanges that allows investors to trade directly without going through a central exchange. This flexibility makes the OTC market very attractive for investors looking for more customized financial solutions.
• Regulatory compliance:While providing services, ESSENCE INVESTMENT strictly abides by the regulations and requirements of SEBI and other relevant regulatory agencies to ensure the legality and safety of all trading activities. The company has taken a variety of measures to protect customers’ funds and information security, including but not limited to the use of high-level encryption technology and the implementation of strict risk management strategies.
• Customer service:ESSENCE INVESTMENT is committed to providing high-quality customer service and support to help investors understand market dynamics and formulate effective investment strategies. The company also provides educational resources and tools to assist clients in making informed investment decisions.

Media contact

Company Name:Essence Investment & Finance Limited 

Email:[email protected]

Country:India

Website:www.essenceinvestment.com