Investor information
Disclosures & grievance redressal
Who we are, how we are registered and paid, and what to do if something goes wrong.
About the firm
| Item | Details |
|---|---|
| Name | Paras Financial Services (partnership firm) |
| Partners | Manish Kumar Lavaniya, Deepshikha Lavaniya |
| PAN | AAKFP0754E |
| Office | SRS Tower, Office-112, 1st Floor, Near Mewla Maharajpur Metro Station, Sector-31, Faridabad, Haryana 121003 |
| Contact | +91 95606 96878 · info@parasfinancialservices.com |
Mutual Fund distribution
| Item | Details |
|---|---|
| AMFI Registration Number (ARN) | ARN-130110 (valid till 24-Apr-2027) |
| ARN holder | Deepshikha Lavaniya, Partner, Paras Financial Services |
| EUIN | E213918 |
| Role | Mutual Fund Distributor. We are not a SEBI-registered investment adviser. |
- We distribute the regular plans of mutual fund schemes and receive commission from the Asset Management Companies (AMCs) whose schemes you invest in. Details of the commission we receive on your investments are available on request.
- Every scheme also has a direct plan, which you can buy straight from the AMC without a distributor. Direct plans have a lower expense ratio because no distributor commission is paid.
- Our suggestions are incidental to distribution; please read the Scheme Information Document, Statement of Additional Information and Key Information Memorandum before investing.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.
Stock broking: Authorised Person
| Item | Details |
|---|---|
| Stock broker | Bonanza Portfolio Ltd, SEBI Reg. No. INZ000212137 |
| Our role | Authorised Person (AP) of Bonanza Portfolio Ltd |
| AP registration | NSE: AP004370842 · BSE: AP0102350110725 |
| NSE segments | Capital Market (since 18-Apr-2019), Futures & Options and Currency Derivatives (since 06-Sep-2011) |
- Your demat and trading account is held with Bonanza Portfolio Ltd. Contract notes and statements are issued by Bonanza.
- Never pay money or transfer securities to Paras Financial Services or to any individual. All payments must be made only to Bonanza Portfolio Ltd's designated bank accounts, from your own bank account.
- Investments in the securities market are subject to market risks; read all related documents carefully before investing.
Insurance
We act as an insurance advisor, helping you compare and choose insurance plans.
- Insurance is the subject matter of solicitation. For details of risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
- Always pay premiums directly to the insurance company and check the policy document you receive from the insurer.
Beware of spurious phone calls and fictitious or fraudulent offers. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Loans
- Paras Financial Services is not a bank or NBFC and does not lend money. We help you choose a lender and apply.
- Loan sanction, interest rates, processing fees and all other terms are decided solely by the bank or NBFC. Read the sanction letter and loan agreement carefully before you sign.
- Pay any fee or EMI only to the lender, through your own bank account, never in cash or to an individual.
Attention investors
- Prevent unauthorised transactions in your account: update your mobile number and email ID with your stock broker and depository participant. You will receive details of your transactions directly from the exchange and depository on your mobile and email at the end of the day.
- KYC is a one-time exercise: once your KYC is done through a SEBI-registered intermediary (broker, depository participant, mutual fund etc.), you need not repeat it when you approach another intermediary.
- No cheques for IPOs: just give your bank account number and authorise your bank (ASBA) or use UPI to make payment in case of allotment. No worries for refund as the money stays in your account.
- Check the details of your holdings and transactions in the statements you receive from the depository.
Grievance redressal
We aim to resolve every concern quickly. Please follow these steps:
- Contact us: email info@parasfinancialservices.com or call +91 95606 96878. Grievance officer: Manish Kumar Lavaniya.
- For stock broking matters, contact Bonanza Portfolio Ltd's grievance cell, using the investor grievance details published on bonanzaonline.com.
- For mutual fund matters, contact the AMC of the scheme concerned, using the details in its scheme documents or on its website.
- For insurance matters, contact the insurer's grievance cell. If unresolved, use IRDAI's Bima Bharosa portal or approach the Insurance Ombudsman.
- For loan matters, contact the lender's grievance officer. If unresolved within 30 days, you may complain under the RBI Integrated Ombudsman Scheme at cms.rbi.org.in.
- For mutual fund and stock broking matters, if you are not satisfied, lodge a complaint with SEBI on SCORES: scores.sebi.gov.in (also available as the SEBI SCORES mobile app).
- Online dispute resolution: if the matter is still unresolved, you may use SEBI's Online Dispute Resolution portal, SMART ODR.
Investor charters
SEBI publishes investor charters setting out your rights and responsibilities when dealing with stock brokers, depository participants and mutual funds. You can read them on the SEBI website and on Bonanza Portfolio Ltd's website.
This page is for information only and is not an offer or solicitation to buy or sell any security, mutual fund unit, insurance policy or loan product.