Head Quartered in Mumbai, State Bank of India (SBI)is the well-established Bank that serves Financial Institutions, FIIs, Mutual Funds, Corporates, High Net-worth Individuals, Non-Resident Indians and Retail domestic investors.
SBICAP Securities is the broking firm of SBI Capital Markets Ltd which is the part of State Bank Group. The Group entered in the Broking business in year 2006. The broking product range covers institutional and retail equity, derivatives, depository participant services, on-line trading and a wide variety of third party distribution products.
The Broker is registered with NSE and BSE and is DP with CDSL. SBICAP has presence all over India through its branches in most of cities. Customer Care numbers, email id and state wise list of phone no is something that you can use for customer support from SBICAP. They also have FAQ section and ask your question section onsite for query resolution.
You will need an ordinary savings account with SBI Bank Ltd that will be linked with SBISmart trading account for online investing.You can also link up any existing Bank account and Demat account(s).
The broker provides market information, demo on trading functionalities, news, views and research reports on stocks, markets, derivatives, IPO, mutual funds etc.
SBICAP Securities offering clients a well rounded package having 3-in-1 account which is an integrated platform of Savings Bank A/c, Demat A/c and an Online Trading A/c and broad range of products, pan India presence and State-of- the-Art tools and Services at a reasonable brokerage.
Hassle free 3 in 1 account, services for NRIs, site wide bar for live quotes, demos on all the trading apps
Doesn't support commodity trading, minimum Brokerage charges.
Here we are comparing SBICAP Securities with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
The brokerage of SBICAP Securities is simple and reasonable.
For Equity delivery based trades, the brokerage is .50% which is most common with most of the Full Service Brokers. This is subject to a minimum brokerage of 5 Paisa per share.
Intra-day Trades runs at .075%. This is subject to a minimum brokerage of 5 paise per share.The brokerage is quite high where most of the brokers like Geojit, Motilal Oswal , Indiabulls are charging .03% only.
Equity future trading brokerage is .05%. The minimum brokerage is 1 paisa. .03% on the first leg, 0.03% on the second leg if squared off on the same day. The brokerage is same as its nearby competitor 3 in 1 brokers like ICICIDirect and HDFC Securities.
Equity Options runs at Rs 100 per lot which is kind of standard with most of the brokers.
Currency Future Brokerage is .03% and Currency Options is Rs 30 with SBICAP Securities.
Account opening charges of Rs 850 is little bit high. Demat account opening is free and Demat AMC is Rs 400. First 30 Call and Trade is free, after which Rs 10 is charged per call.
For complete brokerage charges and trading plans detail please visit SBICAP Securities Brokerage Charges.
Here we are comparing SBICAP Securities with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||.05 to .5%||0.1 to 0.5%||Rs 10||Rs 20||20 Rs|
|Account Type||3 in 1||2 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||0.5% or 50 paisa||0.5% or 50 paisa||Flat Fee Rs 10||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.08% or 8 paisa||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.05% or 5 paisa||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 100 Per Lot||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||NA||0.1% or 10 paisa||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.03% or 3 paisa||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Rs 30 Per Lot||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate SBICAP Securities Brokerage Calculator
For online trading with SBICAP Securities, investor has to open an account. Following are the ways to open an account with SBICAP Securities:
SBICAP supports terminal based, web based and mobile app based trading through its platforms.
SBISMART.com: This is the fine web portal of SBICAP for sophisticated and smooth trading. Its important features are Interactive charting tools, 360 degree Stock View, customizable Screens to add multiple widgets and windows; financial, heat and scatter maps to analyze market information.
SBISMART XPRESS Trading Terminal : This is a High Speed Desktop Trading Terminal fully loaded with multiple high end features to elevate your trading experience.
SBISMART LITE: This is the low band width trading website launched by SBISMART for convenient trading.
SBISMART Mobile App: This is a trading app designed for Tablets, iPads and Smart Mobile Phones that can be Downloaded as "SBISMART" from Play Store or App Store. You can access your account with the same login credentials as that of your SBISMART online trading portal.
For detail review of mobile app and download please visit SBICAP Securities Trading Platform Review.
Here we are comparing SBICAP Securities with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||Yes||Yes||Yes||Yes||No|
SBICAP Securities is backed up by State Bank of India, thus the Broker has expertise in field of research, operations through its 3 in 1 service and state of art technology. Being with SBICAP means you are in experienced and safe hands as they have a strong hold in Indian stock market from long time.
But if it all doesn't matter for your trading needs, than we have better options available for you - The Discount Brokers.
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.