SBICAP Securities Review 2023 | Brokerage Charges, Margin, Opening
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SBICAP Securities Review | Brokerage Charges, Account Opening
Incorporated in 2006 as a stock broking brand of State Bank of India Group and a fully owned subsidiary of SBI Capital Markets Limited (SBICAPS). Currently, SBI Capital Markets Ltd. has four subsidiaries.
• SBICAP Securities Limited
• SBICAP Ventures Limited
• SBICAP Trustee Company Limited
• SBICAP (Singapore) Limited
SBICAP Securities Limited (SSL) is a full-service broker with a tagline ‘A Tradition of Trust’ which indicates that SSL is a very secure and reliable platform through which you can invest in stock market. It provides the facility to trade/invest in Equity, Derivative, Mutual Fund, ETF, IPO and NCD. It also offers home loan, car loan and loan against securities.
SBICAP Securities Limited Account Opening Charges
Account | Charges |
Trading Account Opening Charge | Rs.850 (one-time) |
Trading Account AMC | Rs.0 |
Demat Account Opening Charge | Rs.0 |
Demat Account AMC | Rs.350 (Yearly) |
• 3-in-1 Account Opening Charge- Rs.850
• Annual Maintenance Charges (AMC)- Rs.500 (Yearly)
SSL provides 3-in-1 account facility i.e. bank account, demat account and trading account in which bank account is opened with State Bank of India (SBI) whereas demat and trading account is opened with SBICAP Securities Limited. It is a depositary participant of CDSL and NSDL and allows you to trade in national exchanges BSE and NSE. SSL offers full suite of services to Non-Resident Indians (NRIs) across the globe except for NRIs of United Kingdom (UK), United States of America (USA) and Japan because it does not encourage or solicit business originating in territories where local authorities or regulations do not allow such cross-border investments. SSL provides every best facility to the NRIs as they can transact online and offline both.
State Bank of India (SBI), the parent company of SSL offers an application “YONO” (You Only Need One App) which is a one-stop solution for all your banking services including investment, trading, insurance, loan and much more. It allows you to open 3-in-1 account online, you only need to visit the nearest branch once for in-person verification after filling the application form.
SSL offers research and advisory services to their clients. ‘SBISmart’ is the trading platform or software of the SSL which allows Resident Indians and Non-Resident Indians (NRIs) to invest in various segments.
1. SBISmart Portal (Browser-based trading platform).
2. SBISmart Xpress (Desktop Trading Software).
3. SBISmart Lite (Website).
4. SBISmart Mobile App.
SBICAP Securities Limited Brokerage
• Intraday trades- 0.15% (both side) or min 5 Paise/share whichever is higher.
• Delivery Based Trades- 0.50% or min 5 paise/share whichever is higher.
• Futures- 0.06% for intraday & 0.08% for carrying forward or min 1 paise/share whichever is higher.
• Options Trades- Rs.50/- for intraday (one-side per contract) & Rs. 100/- for carry forward (Per contract).
SBICAP Securities Limited Margin Limit (Exposure)
Segment | Margin Limit |
Equity Delivery | 2x (Interest applicable) |
Equity Intraday | Upto 5x |
Equity Futures | Nil |
Equity Options | Nil |
Currency Futures | Nil |
Currency Options | Nil |
Commodity Future | NA |
Commodity Options | NA |
SBICAP Securities Limited Awards
Awards from BSE & NSE
Year | Awards |
2018-19 |
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2015-16 |
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2015 | NSE Appreciation Award- For contributing towards making NIFTY 50 Index Derivative contract. |
Awards from CDSL & NSDL
Year | Awards |
2019 | NSDL Star Performer Award- Best performance in accounts growth rate (Big DPs). |
2016-17 | CDSL Award- For opening highest no of demat accounts. |
2016 | NSDL Star Performer Award- Top Performance in active accounts (Rising DP’s). |
2015 |
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Advantages & Disadvantages of SBICAP Securities Limited
Advantages:
• Arm of most trusted and largest bank of India i.e. State Bank of India (SBI).
• 115+ branches across India.
• Provides 3-in-1 account.
• SBISmart app and YONO app for resident Indians and NRIs.
• Research reports and advisory services.
• Online and offline trading facility.
• Trade on call facility.
• Full-service broker.
Disadvantages:
• Not able to trade in commodity segment.
• Call and trade is free for first 30 calls, after that it is charged at Rs.10/call.
Open SBICAP Securities Demat Account
Comments for SBICAP Securities Review 2023 | Brokerage Charges, Margin, Opening
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.
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