Headquartered in Mumbai, SBICAP Securities Ltd (SSL), the broking arm of SBI Group and subsidiary of SBI Capital Markets Ltd, is a full-service broker that commenced operations in 2006. The broker is a registered member of both the stock exchanges; BSE and NSE and a depository participant with CDSL and NSDL. The broker’s product offerings include equity, equity derivatives, currency derivatives, NCDs, fixed deposits, insurance, bonds, IPO, ETF, NFOs, and mutual funds. SBICAP Sec also provides loan facility including both home loans and car loans and loans against securities. Besides this, it also has a research team that offers free research reports to clients.
Being a part of pioneering SBI-bank, the broking house offers a 3-in-1 account wherein one can open and link their SBICAP Securities Trading Account, SBICAP Securities Demat Account, and SBI Bank account. SBICAP Sec serves different customers segment including retail, institutional, and NRI clients (except US, UK, Japan, and Canada). The broker offers online trading & investment across multiple platforms i.e. web-trading (SBISMART.com), a trading terminal (SBISMART Xpress), and mobile trading (SBISMART Money Mobile Trading App).
SBICAP Securities has a widespread branch presence across more than 115 branches all over the country, through which, it provides offline services to people. The broker also has a centralized dealing desk to offer dial & trade facility to people. Apart from this, it has a team of dedicated relationship managers and investment advisors that work together to help people to make the right investment decision. In 2018, a global rating agency, CRISIL has rated SBICAP Securities to BQ1, being the highest credit rating for the best quality of services rendered.
SBICAP Securities, a full-service broker offers a 3-in-1 account opening facility integrating demat + trading + bank account along with highly advanced trading platforms, huge product offerings, PAN India presence, and State-of-the Art tools & services at reasonable charges.
Open SBICAP Securities 3-in-1 account by linking your trading account, demat account, and bank account.
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Here we are comparing SBICAP Securities with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Rs 850
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 350 PA
SBICAP Sec levies equity delivery brokerage charges of 0.50% that is in line with competitors charges such as HDFC Securities, Kotak Securities, and Sharekhan but a bit lower than ICICI Direct brokerage charges of 0.55%. Thus, it is clearly evident that its brokerage for the equity delivery segment is quite reasonable.
It charges 0.15% on intraday trading subject to a minimum brokerage of Rs 5 paisa per share. The intraday charges are considerably higher than HDFC Securities, Sharekhan, and Motilal that charges 0.05%, Geojit and Venture charges 0.03%, and Reliance charges 0.04%. However, it is comparatively lower than ICICI Direct that charges a very high brokerage of 0.275%.
SBICAP Securities charges 0.05% for equity futures (subjected to minimum 1 paisa) that is in line with other brokers like HDFC Securities (0.05%), Motilal Oswal (0.05%), and ICICI Direct (0.03%-0.05%) but significantly lower than Sharekhan that charges 0.10% brokerage.
Equity options brokerage is Rs. 100 per lot that is equal to SBICAP but greater than ICICI Direct that charges Rs. 95 – Rs. 35/per lot. Thus, it can be strongly evident that SBICAP Securities brokerage charges for equity options segment are quite high.
SBICAP Sec charges 0.03% on currency futures and currency options are charged at Rs. 30 each lot that looks competitive when it’s being compared with other brokers such as Sharekhan, HDFC Securities, and ICICI Direct.
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 20||Rs 20||Rs 20|
|Account Type||3 in 1||2 in 1||2 in 1||3 in 1||2 in 1|
|Equity Delivery||0.5% or 50 paisa||0.5% or 50 paisa||Flat Fee Rs 20||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.08% or 8 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.03% 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 20||0.03% 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 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||NA||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.03% or 3 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.03% 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 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate SBICAP Securities Brokerage Calculator
Any Indian Resident and NRIs can open a 3-in-1 account with SBICAP Securities but the broker doesn’t solicit investment from Japan, USA, UK, and Canada-based NRIs due to regulatory restrictions. The broking house offers the following types of accounts, detailed below:
Being a registered DP with CDSL and NSDL, the broking house offers a demat account opening facility to facilitates you to keep securities in demat form. You can open a free demat account with SBICAP Securities as the broker doesn’t charge any account opening fee.
SBICAP Securities Trading Account is an account that facilitates customers to place or buy or sell trades in different asset classes. As the broker provides a 3-in-1 account wherein trading account can be linked with demat and your bank account to transfer fund instantly.
The broker also offers an NRI trading facility wherein NRIs (excluding US, UK, Japan, and Canada) can open a 3-in-1 NRI account with SBICAP Securities. All the product offerings including equities, derivatives, currency derivatives, IPO, MF, ETFs, and NCDs are available to NRIs.
The broker offers 3 trading platforms including trading terminal, mobile app, and trading website that is pointed below:
SBISMART Money Mobile Trader is the mobile app-based trading platform offered by the broker. Although the app facilitates people to trade & invest in equity, F&O, and currency derivatives but doesn’t enable customers to invest in IPO and MF. The mobile app provides many features such as live market track, real-time market updates, research calls, and others. SBICAP Securities app is available on both the android and iOS that can be downloaded from Google Play Store and App Store.
SBISMART Xpress is the trading terminal platform that is particularly useful for intra-day traders that demand impressive features such as on-screen alerts, live market coverage, advanced charting, and others. The terminal can be downloaded on both the laptop and desktop.
The broker has a trading website, SBISMART.com that is accessible on a laptop, desktop as well as mobile. The web trading portal facilitates clients to trade & invest in equities, derivatives, currency derivatives, IPO, MF, ETF, NFOs, and NCDs.
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 Ltd, being a part of the largest bank SBI, is a full-service broker. Indian citizens as well as NRIs, can open a 3-in-1 account with SBICAP Securities combining demat, trading, and bank account. Although the broking house provides trading & investment across equity, F&O, currency, insurance, IPO, NCDs, NFOs, ETFs, and mutual funds, however, the biggest setback is that the broker doesn’t offer commodity trading services. Further, on brokerage front, its brokerage is more or less in line with other full-service brokers but its trading account opening charge is quite high. Talking about its trading platforms, it offers a complete package including SBISMART.com, SBISMART Xpress and SBISMART Mobile Trading App still, the broker has to make a lot of improvements on the technological aspect to provide better trading experience to users.
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Last updated on 2020-03-18