SBICAP Securities Mutual Funds Review - Charges and SIP

 
 
 
 
 

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SBICAP Securities Mutual Funds Review - Charges and SIP

SBICAP Securities is a full services discount brokerage firm of India. It is a part of State Bank (SBI) Group. SBICAP securities was established in 2006. It is registered with SEBI and it is a Depository Participant (DP) with CDSL and NDSL. SBICAP provides services in Retail equity, Institution equity, Derivatives, Broking, Trading services, Depository services and Third-party distribution. SSL is a prominent stockbroker with tagline ‘A Tradition of Trust’. It has many products in their platform such as home loan, insurance, car loan, loan against securities and much more. It provides the 3-in-1 account facility and facilitate you to trade in both offline and online mode.
They provide advanced trading software to all their customers to enhance their trading and investment experience. Customers can invest in Equity, Derivatives, Mutual funds, ETFs, IPOs and NCDs with SBICAP securities. All Indian Resident and Non-Indian Resident (NRI) customers can avail these benefits and services provided by SBICAP securities.

What is Mutual Fund?

Mutual Fund is an investment platform in which many asset management companies collects money from various investors to invest in a pool or portfolio of different stocks or assets. Investments made through mutual funds are generally of long terms. “Mutual Fund Sahi Hai” is one of the taglines used by companies to create awareness among the different group of the people about mutual fund.

Benefits of Mutual Fund:

• For long term investments, it is one of best-chosen method.
• Mutual fund schemes used to have high liquidity as it enables you to take your money back any time from the particular mutual fund investment.
• Various asset management companies have a wide range of mutual fund schemes or plan to choose from so that you can choose the one that suits you best.
• As per SEBI regulations, customers should have full transparency to their mutual fund investments.
• You can invest through SIP as per the requirement.

SBICAP Securities Mutual Fund:

SBICAP Securities offers in-house mutual funds which means that it does not offers mutual fund schemer from another fund houses. Also, you don’t have to pay any fee or commission to any broker while applying in Mutual funds with SBICAP Securities. It offers approx. 50 mutual fund schemes to their including all sectors such as Equity, Debt and Hybrid.

Why to choose SBICAP Securities Mutual Fund?

• It has In-house mutual fund schemes.
• No transaction charges for mutual funds.
• One can Invest in SBICAP Mutual funds by both online and offline method.
• It has a dedicated website for mutual fund investments.
• It has a dedicated mobile app for mutual fund investments.
• Approx. 50 Mutual fund schemes to choose from.
• No need of trading account on SBICAP to invest in Mutual fund.
• Invest via online and offline mode.

SBICAP Securities Mutual Fund Charges:

As an asset management company, SBI does not charges any fees on investing and redeeming of mutual fund.

Transaction

Charges

SBI Account Opening Charges

Nil

SBI Mutual Fund AMC

 

SBI Mutual Fund Brokerage

Nil

SBI Mutual Fund Commission

Exit load is charged when you redeem the fund before the prescribed period (1% to 2%)

SBI Mutual Fund DP Charges

 

Other charges

No transaction charges

 

How to invest in SBICAP Securities Mutual Fund:

There are various methods by which you can invest in SBICAP Securities Mutual fund:

1. SBICAP Securities online portal

SBICAP securities has a dedicated mutual fund online portal named sbimf.com. one can easily invest via it. Follow the below steps to access sbimf.com:
1. Visit sbimf.com.
2. Click on ‘Ways to invest’.
3. Click on ‘Online’.
4. Click on ‘Invest Now’.
5. Login using your SBICAP Securities ID and Password.

If you are a new user, click on ‘New User’ and fill all the required details to access this portal.

2. SBICAP Securities InvesTap

SBICAP securities provides a dedicated mobile app for mutual fund investments to their customers named SBI Mutual fund – InvesTap. You can easily download SBI Mutual fund – InvesTap from google play store or apple store.

You need to enter your SBICAP securities Login ID and Password to access this app.

3. M-easy

M-easy is a mobile investment facility. This facility is provided by SBI. You can switch and redeem mutual funds through sending an SMS. This platform is 100% paperless, you can invest from any place in both regular and direct schemes. It is not a mobile application; you are not required to download and install it. You need to complete the M-easy mandate to get this investment facility through sending an SMS.

How to access SBI M-easy?

To complete any type of transaction whether financial or non-financial, you can send SMS to “9210192101”. You can send SMS as for example:
• To invest in your default scheme/plan- “INV space <Amount>”
• To invest in your particular scheme/plan- “INV space <Amount> <Scheme code>”
• To register SIP in your default scheme/plan- “SIP space <Amount>”
• To register SIP in your particular scheme/plan- “SIP space <Amount> <Scheme code>”
• To redeem your default scheme/plan- “RED space <Amount>”
• To redeem in a particular scheme/plan- “RED space <Amount / All> <Scheme code>”
• To switch- “SWT space <Amount / All> <From Scheme code> <To Scheme code>”

Process of offline investment of SBI Mutual Fund:

You can apply for SBI mutual fund via offline mode. Kindly follow the below steps to know about offline process:
• Visit nearby branch or contact a SBI Mutual Fund representative, you can call at customer care toll free number 1800 209 3333 to know about the empaneled distributor or SBI mutual fund representative in your area.
• Representative will provide you an application and KYC form, kindly fill that form completely.
• Attach scanned copies of required documents along with demand draft/cheque of the desired investment amount to your nearby or any branch.
• SBI will provide you a folio number and after completion of transaction process, you will get an account statement.

SBICAP Securities Mutual Fund Customer Care:

SBI Mutual Fund customer care executive is available 24/7 to assist you and fully dedicated to solve your query.
Phone number- 1800 209 3333
Email id- customer.delight@sbimf.com



Frequently Asked Questions


At 2.45 pm, SBICAP Securities auto-square off all the open intraday positions.
SBICAP Securities charges 0.05% for intraday trades and it is also known as Margin Intraday Square-up or MIS trades.
SBICAP Securities charges 0.03% for currency futures trading and Rs.30 per lot for currency options trading.
SBICAP Securities charges Rs.850 on opening of 3-in-1 account.
No, currently this facility is not available. You can not invest in commodity segment through SBICAP Securities as it is not a member of national exchange MCX.
Yes, you can place cover order and bracket order on SBICAP Securities.
SBICAP Securities charges 0.50% for equity delivery trade on SBICAP Securities.
It comprises of 3 balances; lien, ledger and collateral balance. • Lien- It is the total balance blocked by you for the trading purpose. • Ledger- After setting off the trade amount or outstanding dues, total balance available in your account is ledger balance. • Collateral- It is the notational valuation of your demat holdings, you can use this to place order.
Kindly follow the below steps: • Go to ‘download’ tab. • Fill and sign the ‘change in designated bank account’. • Attach the scanned copy of cancelled cheque of your bank account you wish to add. • You can send the scanned copy of your cheque for the verification purpose.
Limit, order, SL-L and SL-M are the types of order to be selected.

SBICAP Securities Reviews