Background of IDBI Capital Market Services Ltd
IDBI Capital Market Services Ltd. is famously known as IDBI Capital. IDBI Capital is one of the leading Investment Banking & Securities Company. It is a wholly owned subsidiary of IDBI Bank Ltd. The clientele of IDBIdirect not only includes the retail clients but it also includes the corporate and institutional clients. It offers a wide range of products and services to its clients which includes investment banking, capital market products, private equity, corporate advisory services, mergers related to mergers and acquisitions, project appraisals and debt syndication, distribution of financial products, debt placement and underwriting, stock broking to retail and institutional investors and fund management.
IDBI Capital is a full service broker. BSE and NSE are the two exchanges on which IDBI Capital deals in. Just like many other full service broker, IDBI Capital also falls in the 3 in 1 brokerage category, that is, it links the bank savings account, trading account and demat account of the customer together to offer him a good level of service. With IDBI Capital, one can trade in equities, initial public offers (IPOs), debt, mutual funds, bonds/ NCD through their online portal www.idbipaisabuilder.in .The portal was launched by the company in January 2006 and it offers a variety of features that aids its customers in making good investment decisions.
Though the company trades in variety of products, it does not deal in commodity. Therefore, if as a trader you are looking for transacting in commodity market then IDBI Capital should not be your choice.
Trading Platforms of IDBI Capital Market Services Ltd
Power Pro is the trading platform of IDBI Capital. The platform is best suited for those with a regular high trading volume. It is desktop based software which has been specially designed for active traders. Apart from the web trading, mobile trading is also offered by IDBI Capital for the ease of transactions by its customers. This offers the customers the freedom to transact as and when they want without bothering on the web portal and location. See Demo.
Brokerage Charges and Plans of IDBI Capital Market Services Ltd
IDBI Capital vouches to provide the lowest brokerage rates in this industry. The brokerage and transaction charges of IDBI Capital are as follows:
|Brokerage Charges||Transaction Charges|
|Equity Delivery Charges||0.50%||0.00325%|
|Equity Intraday Charges||0.08%||0.00325%|
|Equity Future Charges||0.08%||0.0019%|
|Equity Options Charges||Rs. 100 per lot||0.051% on Premium|
|Minimum Brokerage Charges||Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower|
Unique Selling Proposition of IDBI Capital Market Services Ltd
IDBI Capital follows a client focused approach. It falls in the category of 3 in 1 broker. They not only provide customer support through email and phone but they are also backed by a good network of branches. The relationship managers are appointed for clients so that they can offer satisfactory service to their clients and can help them in making a right decision. The assistance is also provided to the clients in the form of daily market reports and quarterly analysis of results.
Online demo offered by IDBI Capital is one such feature that has its own attraction and influencing power for the company. With its powerful tool, i.e. its software, its customers can create their own market watch layout as per their choice which can be saved for next usage as well. Therefore, the customization feature is also a plus point for the company.