IIFL Holdings Limited formerly known as India Infoline Limited is the apex holding company for the entire IIFL group. The company was incorporated in 1995. The diversified sets of services offered are financing, broking, asset management and wealth management, financial product distribution, investment banking, institutional equities and property advisory services. The company has a global presence and a network of nearly 2500 business associations widely spread to more than 850 towns and cities. It is listed in four stock exchanges-BSE, NSE, MCX and NCDEX. There are two different types of online trading terminals that are offered by IIFL-
- Investor Terminal- basically for low-volume traders
- Trader terminal-especially for day traders or for equity traders with high volume.
Customers of IIFL Holdings Limited has an added advantage of huge network of branches of the company which are spread not only in India but also abroad. Equity Systematic Investment Plan (SIP) is one of the key features of the company. The feature allows the customers of the company to place ordered buying for a pre-determined quantity or a pre-determined amount or a script at the regular interval of time. Similar facility is offered for commodity and mutual fund.
Background of India Infoline Limited
IIFL Holdings Limited, formerly known as India Infoline Limited is the apex holding company for the entire IIFL group. The company was incorporated in 1995. And today, in India, it is a leading financial services group. The diversified set of services offered by IIFL Holdings Ltd. includes financing, broking, asset management and wealth management, financial product distribution, investment banking, institutional equities and property advisory services. The company has a global presence and has a network of nearly 2500 business locations widely spread to more than 850 towns and cities.
The arms of IIFL Holdings Limited is spread in countries like London, New York, Hong Kong, Dubai, Singapore, Houston, Geneva and Mauritius. IIFL has a vast customer base. IIFL Holdings Limitedis listed in four stock exchanges – BSE, NSE, MCX and NCDEX. IIFL offers a research based advice to its customers for its complete range of financial products that includes stocks, commodities, derivatives, insurance, FDs, bonds, etc. However, the key offering of India Infoline Limited is equity/ commodity broking and research. IIFL is a full service broker. With 5Pasia facility of IIFL, customers can subscribe for free to equity, mutual funds, IPOs and other investment products. In doing this, the customers can use the internet banking account of four banks, viz. HDFC, ICICI, CITI and UTI banks. In order to apply for IPOs, the registered users of 5Paisa can logon to the website www.indiainfoline.com/ipo
Trading Platforms of India Infoline Limited
There are two different types of online trading terminals that are offered by IIFL Holdings Limited to its customers.
Investor Terminal – This terminal is basically for low volume traders. It is a 5Paisa’s equity trading terminal. Investor terminal being a web based terminal, it can be accessed anywhere by the customers. In comparison to trader terminal, investor terminal offers a limited set of features to the customers.
Trader Terminal – This terminal is designed especially for day traders or for equity traders with high volume. The interface of the terminal is powerful and the order execution speed of this terminal is fast. Some of the popular features of this terminal are as follows:
- High trade execution speed along with instant trade confirmation
- Live report on margin, position and marked to market profit and loss account
- Price watch on multiple stocks
- Price alerts on the number of stocks as desired by the customers
- An option to cancel the pending orders in just one click
- An option to square off all transactions in just one click
- Information on the index, viz. index charts and live information on index stock
- Facility to transfer funds online through internet banking facility of HDFC, ICICI, CITI and UTI banks.
- Facility of online intra-day technical calls
- Market depth
- Order placing facility after market orders
- Report viewing
- Customization of any number of portfolios
The above mentioned list of features of the trader terminal is not inclusive. This means that the offerings of IIFL Holdings Limited are much more than what has been mentioned above.
Brokerage Charges and Plans of India Infoline Limited
The intra-day charges of India Infoline are 0.05% on both buy and sell side. For delivery based trades, the charges are 0.50% or Re. 0.05 per share, whichever is higher (See minimum brokerage charges). In case of F&O trading, the charges charged by IIFL Holdings Limited are 0.05%. 1% on Premium or Rs. 100 per lot, whichever is higher is charged in case of options trading. Rs. 0.05 is the minimum brokerage charge per share, whereas the rate of auction brokerage is 1%.
Unique Selling Proposition of India Infoline Limited
Customers of IIFL Holdings Limited has an added advantage of huge network of branches of the company which are spread not only in India but also in abroad. The trading terminal of IIFL is known as one of the best available terminals in India. Equity Systematic Investment Plan (Equity SIP) is one of the key features of the company. The feature allow the customers of the company to place orders for buying for a pre-determined quantity of scripts or a pre-determined amount for a script at regular interval of time. Similar type of facility is offered by IIFL for commodity and mutual fund.
Disclaimer : The Information stated here are sourced from various public sources. All logos and trademark belongs to their respective owners, The information about the background, brokerage charges, trading platform, etc are taken from their respective websites, brochures, sales or customer support teams. We do not claim any accuracy regarding the same and suggest to contact respective brokers for their latest and accurate information or offerings.