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Ventura NRI Account Review


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Ventura Securities is a full-service broker providing trading and investment services to NRI investors. The broker offers online trading facility to make equity delivery, derivative and mutual fund investments fast, transparent and hassle-free for NRIs. Investors can open the Ventura NRI 2-in-1 account including an NRI trading and NRI Demat account with the broker.

NRIs can invest through it's mobile app and web-based trading platforms. Ventura offers its flagship online trading platform 'Pointer' to NRIs.

Ventura has a dedicated research team that offers fundamental & technical analysis on Equities & Mutual Funds to NRI customers.

Ventura has a wide presence in Dubai and India. The broker also provides NRI services to clients in the UK, US, East Africa, and Australia, etc.


Ventura NRI Account

To trade/invest in Indian Stock Market with Ventura, a NRI needs the following accounts:

  1. NRI Bank Account (with Axis Bank)
  2. NRI Custodial Account (with IL&FS Securities)(for F&O trading only)
  3. NRI Demat Account (with Ventura)
  4. NRI Trading Account (with Ventura)

1. NRI Bank Account

NRI Bank Account is the first step towards investment in India for NRIs. NRI Bank Account is classified in NRE and NRO Bank Account.

Ventura has a tied-up with Axis Bank for NRI Bank Account. NRIs have to obtain PIS permission from RBI to invest in the Indian stock market. The bank can help in getting the PIS permission.

For investing in the equity delivery segment, NRIs are required to open NRE Bank Account under the PIS scheme.

For investing in Equity Derivatives and Mutual Funds, NRIs are required to open NRO Bank Account. PIS permission is not needed for this account.

2. NRI Custodial Account

NRIs need a custodian account to trade and invest in the Equity Derivatives (F&O) segment at BSE and NSE. Ventura has partnered with IL&FS Securities Services Ltd. for this account.

3. Ventura NRI Demat Account

Demat account is an online account to hold securities (stocks, mutual funds, bonds, NCDs, and ETFs, etc.) in electronic form. Demat Account is a mandatory account to invest in the Indian Stock Market.

Ventura is a depository participant (member) of CDSL and NSDL, the central depositories. While the demat accounts (and securities held in them) remain with CDSL/NSDL, Ventura works as a service agent for the demat account.

The NRI demat account is linked with an NRI Bank Account. Dividend and interest earned from investments in stocks and mutual funds are automatically credited to this linked bank account.

Note:

  • An NRI can open 2 demat accounts with Ventura, NRE and NRO Demat Account.
  • Ventura NRI Demat account can hold stocks, mutual funds, and derivatives.
  • Shares take T+2 days to be credited in the Demat account where T is the trading day.
  • The account opening form for the Demat account is the same for resident and non-resident investors.
  • The applicant has to choose the NRI option and NRE or NRO Demat account types.
  • NRIs can check the details of the holdings in the Demat account online.

Visit NRI Demat Account - Online Opening Procedure, Charges, Rules for more detail.

4. Ventura NRI Trading Account

An NRI needs a trading account to place buy/sell orders at BSE/NSE. The trading account is offered through Ventura's trading membership with BSE and NSE stock exchanges.

The NRI Trading Account is linked with NRI Demat Account and NRI Bank Account. When an NRI buys shares through the NRI Trading Account, the money is withdrawn from the linked NRI Bank Account and shares are deposited to the linked Demat Account. The same thing happens in reverse when NRI sells the shares.


Ventura NRI Trading Process

Ventura offers online investment services across equity, derivatives and mutual funds to NRIs. Once you have an NRI trading account in place, you can trade with Ventura online from anywhere and at any time.

Step by Step Guide of NRI Trading with Ventura

  1. Place an Order

    Place a buy/sell order through Ventura NRI trading software online. Ventura trading system will check the availability of funds in the linked NRI bank account in case of buy order. And, NRI Demat account will check the availability of shares in the Demat account when it is a sell order. If they have sufficient funds or shares in Demat account, the order is sent to the stock exchange. At the exchange, if a match is found, the order gets executed.

  2. Fund Settlement

    Ventura sends contract notes to the bank at the end of the day. Ventura sends 2 contact notes to the bank, one of all buy orders in the day and another for all sell orders.

    In the case of buy orders, on the receipt of this contact note, bank transfers the funds to the broker.

    In the case of sell orders, the bank receives funds from the broker.

  3. Demat Account Settlement

    In the case of sell orders, the broker withdraws the shares from the NRI Demat Account and transfers them to the buyer.

    In the case of buy orders, the shares are credited to the demat account in T+2 days.

  4. Reporting

    The bank reports all the transitions in NRI PIS Bank Account to RBI daily.


Ventura NRI Trading Account Charges

Ventura NRI brokerage charges for trading in Equity and Equity Derivatives.

TransactionFee
NRI Account Opening Charges₹5000
NRI Account AMC₹0
Equity Delivery Brokerage0.40%
Equity Future Brokerage0.40%
Equity Options Brokerage0.40%
Other Charges

Ventura NRI Trading Software Review

Ventura offers advanced online trading software in mobile and web versions to NRIs.

  1. Ventura Wealth (Mobile Trading App)
  2. Ventura Pointer (Trading Website)
  3. Ventura Pointer (Installable Trading Terminal)

Read Ventura Trading Software Review to know in detail about the platforms.

1. Ventura Wealth (Mobile Trading App)

Ventura Wealth (Mobile Trading App)

2. Ventura Pointer (Installable Trading Terminal)

Ventura Pointer (Installable Trading Terminal)

Ventura Investment Options

The investment options available to an NRI at Ventura.

Investment OptionStatus
StocksYes
Mutual FundsYes
IPONo
Others

Ventura NRI Account Opening Process

NRI account opening with Ventura is a manual process where an NRI has to fill the paper forms, attach the required document and send them to Ventura. It takes around 10 days to open all the accounts once the forms are received.

Prerequisites for account opening:

  • PAN Card
  • NRI Bank Account with Axis bank
  • PIS Certificate from Axis Bank

Ventura can assist the client to open the PAN Card and opening the NRI bank account with Axis Bank.

Steps to open Ventura NRI account

  1. Visit ventura1.com website
  2. Click on the 'NRI Desk' button on the home page.
  3. Click on the 'Open NRI account' button.
  4. Fill contact information.
  5. Ventura will send the account opening forms and instructions in the email.
  6. Download PDF, print it and fill it.
  7. Attach the supporting documents
  8. Send the form and documents to the Ventura Mumbai office.

Ventura NRI Account Documents:

  1. Passport size photograph - 4 photos
  2. Passport - 3 copies
  3. PAN Card - 3 copies
  4. VISA - 3 copies
  5. Overseas Driving License or work permit - 3 copies
  6. Overseas bank statement/credit card statement (original and not more than 3 months old)

Note:

  • All copies of documents should be attested by the Overseas Banker of the Country where the NRI is residing as well as by the client himself.
  • If the correspondence address is different from that on the passport, proof of communication address is also required.

Ventura Key Features

FeatureStatus
3-in-1 AccountNo
Free Research and TipsYes
Automated TradingNo
Other Features

Ventura NRI Mutual Fund

Ventura NRI customers can invest in mutual funds online through Ventura Wealth mobile trading app. They can buy, switch and redeem mutual funds online.

Ventura's website provides a range for tools to NRIs including Fund Screener, MF Performance Tracker, Fund Compare and Fund Ranking.

Ventura NRI customers can invest in Mutual Funds on a lump-sum basis or through a Systematic Investment Plan (SIP).

Ventura Mutual Fund Brokerage

Scheme Category

Upfront Brokerage

Trail Brokerage

Minimum

Maximum

Minimum

Maximum

Equity - Tax Planning

0.50%

1.50%

0.20%

0.75%

Equity Others

0.50%

1.00%

0.20%

0.75%

Debt - Liquid Funds

0.00%

0.00%

0.05%

0.15%

Debt

0.25%

1.00%

0.05%

1.00%

Hybrid

0.25%

1.00%

0.50%

1.00%

Key Features of Ventura NRI Mutual Fund:

  • Offers expert recommendations based on in-depth research.
  • NRIs can easily track their investment through a simplified detailed report.
  • They can choose from different mutual fund schemes offered by the AMCs.
  • The US and Canada based NRIs can invest only in 8 AMCs which are ICICI Prudential AMC, SBI Mutual Fund, Birla Sun Life Mutual Fund, UTI Mutual Fund, DHFL Pramerica Mutual Fund, Sundaram Mutual Fund, PPFAS Mutual Fund and L&T Mutual Fund.

Ventura NRI Customer Care

Ventura NRI Support Desk contact information. Find Ventura NRI contact number.

Ventura NRI HelplineNumber
Ventura NRI Customer Care Number+91 22 6754 7000
Ventura NRI Customer Care Email IDnricell@ventura1.com

Ventura NRI Trading Account Advantages

  • Full-service broker with personalized services.
  • Tie-up with Axis Bank for convenient NRI Banking Services.
  • Presence in Dubai with clients in US/ UK / Australia / East Africa etc
  • Provides in-depth research tips for NRIs.
  • Offers a dedicated NRI customer care desk to resolve queries.
  • NRIs can access their portfolio, transaction statements and investment account 24/7.
  • Invest in Equity, Mutual Funds, Debt Funds, NCDs, Bonds etc.

Ventura NRI Trading Account Disadvantages

  • Doesn't offer a 3-in-1 account as Ventura doesn't provide banking services.
  • You cannot place GTC (Good-till-Cancelled), After Market Order(AMO) and Buy Today Sell Tomorrow (BTST) orders with Ventura securities.
  • Higher brokerage charges in comparison to discount brokers.
  • High brokerage on Mutual Funds investments.

Conclusion

Ventura is a full-service broker that offers personalized services, research, and recommendations. It also provides online trading platform to NRIs. The brokerage charges are on the higher side. Ventura also doesn't offer GTC, AMO and BTST orders which make it difficult for NRIs to place orders in off-market hours.


Ventura Special Offer

Free Brokerage Account (Zero Account Opening Fee)

Ventura Discount

Open online stock trading account with Ventura for FREE. This is a limited time offer. Pay Rs Zero Account Opening Fees. Simply leave your contact information with us and Ventura representatives will contact you.

Frequently Asked Questions

  1. 1. Can NRI open an account without visiting Ventura branch?

    Yes. NRIs can open trading and demat account without visiting the branch of Ventura. NRIs can send the application form along with the required documents to the branch of Ventura Securities.

    Discuss this question

  2. 2. Can NRI open only a Mutual Fund investment account with Ventura?

    Yes, NRIs can open only the Mutual Fund investment account. This account also includes a Demat Account linked with the NRO Bank Account (non-PIS).

    Discuss this question

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Information on this page was last updated on Saturday, September 28, 2019


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