Why do I need an IIFL Securities/Interactive Brokers account?
Zeva Astras is an Authorized Person of IIFL Securities and Interactive Brokers (for International equities only). Thus, for us to manage your investments, you will need to open the required account.
Can I use an existing broking account?
Unfortunately, we can only accept IIFL Securities and Interactive Brokers (for International equities only) accounts.
Can I link an existing IIFL Securities account with Zeva Astras?
Yes, you can use an existing IIFL Securities account as long as it has been dormant for six months or longer.
Can I use my Zeva Astras account for personal trading and investments?
No, we advise you to use a separate trading account for your other investments.
Who controls my account?
You. Your IIFL Securities/Interactive Brokers trading and demat account is held in your name and only you have the password for it.
You have complete capital control over the account and are free to monitor its status. As your sub-broker, Zeva Astras has the right to execute trades on your behalf. At no point in time will Zeva Astras ask you for your account password.
Is there any account opening charge?
No, there is no account opening charge with us here at Zeva Astras. IIFL Securities charges you an Annual Maintenance Charge of ₹472 (inclusive of taxes) at the end of the second year. The are no charges for the first year.
Can an NRI invest with Zeva Astras?
Unfortunately, anyone holding an NRE/NRO bank account cannot open a trading and demat account with Zeva Astras. We can only open an account for someone with an Indian Savings/Current account.
What is the minimum age to open an account?
To open an account in an individual’s name, the individual must be at least 18 years of age. However, an account for a minor can be opened along with a guardian. The tax liabilities for the account would be on the guardian.
What is the minimum investment?
The minimum investment amount required to open a Zeva Astras account depends on the product. Please refer to our fees page for more information.