Background of SBICAP Securities
SBICAP Securities Ltd. (SSL) is a wholly owned subsidiary of SBI Capital Markets Ltd. Since the commencement of SSL in the first quarter of 2006-2007, it is acting as a broking section of the State Bank Group. SSL has a diversified customer base and offers a broad range of products. SSL’s wide set of clients includes banks, financial institutions, foreign institutional institutions, mutual funds, corporate, HNI (high networth individuals), NRIs (non-resident Indians) and domestic retail investors.
The product range of SSL includes institutional and retail equity, derivatives, depository participant services, online trading, etc. SBICAP Securities also offers instant fund and share trading facility to its customers. SSL is a registered company with Securities Exchange Board of India. BSE and NSE are the two exchanges on which SBICAP securities ltd trades in. The trading platform of SSL is powered by a strong trading engine. eZtrade@sbi is provided by SSL along with Share trading account.
This gives the traders a 3-in-1 account facility that links the three accounts of traders (clients of SSL), viz. savings bank account, trading account and demat account. SBICAP securities ltd has two main websites: https://www.sbismart.com and https://www.sbicapsec.com.
Trading Platforms of SBICAP Securities Ltd
SBICAP Securities ltd (SSL) has launched a trading platform SBISMART.com, which has powerful new features. It works on ODIN platform.
Brokerage Charges and Plans of SBICAP Securities Ltd
The account opening and account maintenance charges of SBICAP Securities Ltd are different for individuals and non-individuals. For individuals, account opening charges are Rs. 500 and for account maintenance, the charges are Rs. 400, whereas for non-individuals, the account opening charges are Rs. 1,000 and account maintenance charges are Rs. 800.
The brokerage charges of SBICAP Securities Ltd in case of Intra-day trades are 0.15% on both sides or minimum of 5 paise per share, whichever is higher. For delivery based trades, the charges are 0.50% or minimum of 5 paise per share, whichever is higher. In case of future trading, the charges by SSL stand at 0.05% for intraday and 0.09% for carry forward, or minimum of 5 paise per share, whichever is higher. In case of options trade, one side charge per contract is Rs. 50 for intraday and Rs. 100 per contract for carry forward transactions.
Unique Selling Proposition of SBICAP Securities Ltd
The one of the biggest advantage of SBICAP Securities Ltd is that it is a part of the most trusted SBI Group. The 3-in-1 trading experience gives an added edge to SSL. The transactions can be made at low bandwidth and can be accessed anywhere. Customers of SSL have 24/7 access to the back-office of SSL. SBISMART offers five different channels for trading to its customers. These channels are: through website, through XPRESS terminal, through call and trade, through ipad APP and through mobile App. These channels together provides SBICAP Securities Ltd a strong base on which its customers can enjoy a wonderful trading experience and can also enjoy the hassle free trading, anywhere and anytime.