SBICAP Securities Vs Elite Wealth
SBICAP Securities
SBICAP Securities is a full service Broker. SBICAP Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages, SBICAP loan facilities, SBICAP Mutual Funds, SBICAP is a Trusted Brand of India with its strong presence in the Indian Brokerage Industry
SBICAP Securities Vs Elite Wealth - Broker Details
| SBICAP Securities | Elite Wealth | |
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| Single Margin Facility |
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| Year of Incorporation | 1986 | 1990 |
| Exchanges | NSE, BSE | NSE, BSE, MCX and NCDEX |
| Branches | 141+ | N/A |
| Brokerage | 0.075% | 0.03% |
| Broker Type | Full service Broker | Full Service Broker |
SBICAP Securities Vs Elite Wealth - Account Opening & AMC Charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹850/- | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹750 (₹500/- for e-statement) | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
SBICAP Securities Vs Elite Wealth - Brokerage charges & Plans
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Commodity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.03% |
| Currency Futures | Intraday:- ₹50 | Delivery:- ₹100/- | 0.03% |
| Equity Delivery | Intraday:- 0.075% | Delivery:- 0.50% | 0.33% |
| Equity Options | Intraday:- ₹50 | Delivery:- ₹100/- | ₹33 per Lot |
| Commodity Options | Intraday:- ₹50 | Delivery:- ₹100/- | 0.03% |
| Equity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.03% |
| Currency Options | Intraday:- ₹20 | Delivery:- ₹30/- | ₹33 per Lot |
| Fixed Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.03% |
| Equity Intraday | Intraday:- 0.075% | Delivery:- 0.50% | 0.03% |
SBICAP Securities Vs Elite Wealth - Other Charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹10/Order | ₹0 (Free) |
| Other Brokerage Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.03% |
| Minimum Brokerage | ₹20/Order | 0.03% |
SBICAP Securities Vs Elite Wealth - Transaction Charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Currency Options | NSE: 0.05515% ( ₹5515/Crore) | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | NSE:- 0.002206% ( ₹221/Crore) | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE: 0.00386% | BSE: 0.00384% | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | NSE- 0.05515% (Rs.5515/crore) | NSE: 0.053% on Premium value |
| Commodity | N/A | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | 0.002206% | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE: 0.00386% | BSE: 0.00384% | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
SBICAP Securities Vs Elite Wealth - Margin (Exposure)
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
SBICAP Securities Vs Elite Wealth - Features
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. SBISmart Portal (Web-based trading platform). 2. SBISmart Xpress (Desktop Trading Software). 3. SBISmart Lite (Website Trading). 4. SBISmart Mobile App. | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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SBICAP Securities Vs Elite Wealth - Review & Rating
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
SBICAP Securities Vs Elite Wealth - Request a call back from Broker
| SBICAP Securities | Elite Wealth | |
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SBICAP Securities Vs Elite Wealth - Investment Options
| SBICAP Securities | Elite Wealth | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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SBICAP Securities Vs Elite Wealth - Order Type
| SBICAP Securities | Elite Wealth | |
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| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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SBICAP Securities Vs Elite Wealth - Research & Report
| SBICAP Securities | Elite Wealth | |
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| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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SBICAP Securities Vs Elite Wealth - Daily Market Report
| SBICAP Securities | Elite Wealth | |
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| Daily Market Reports & News |
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SBICAP Securities Vs Elite Wealth - Suitable For Investor
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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SBICAP Securities Vs Elite Wealth - Pros & Cons
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Pros | 1. Arm of most trusted and largest bank of India i.e. State Bank of India (SBI). 2. 115+ branches across India. 3. Provides 3-in-1 account. 4. SBI Smart app and YONO app for resident Indians and NRIs. 4. Research reports and advisory services. 5. Online and offline trading facility. 6. Trade on call facility. 7. Full-service broker. | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| Cons | 1.Very high brokerage in comparison to the online discount stock broker. 2.Call and trade is free for first 30 calls, after that it is charged at ₹10/Call. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
SBICAP Securities Vs Elite Wealth - Background
| SBICAP Securities | Elite Wealth | |
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SBICAP Securities Vs Elite Wealth - Compare All Brokers
| SBICAP Securities | Elite Wealth | |
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SBICAP Securities Vs Elite Wealth - STT/CTT
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on Sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on Sell Side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
SBICAP Securities Vs Elite Wealth - Demat transaction charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | No Charges |
SBICAP Securities Vs Elite Wealth - GST
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
SBICAP Securities Vs Elite Wealth - SEBI Charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
SBICAP Securities Vs Elite Wealth - Account Opening & AMC Charges
SBICAP Securities
Elite Wealth
Trading Account Opening Charge
₹850/-
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹750 (₹500/- for e-statement)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
SBICAP Securities Vs Elite Wealth
| SBICAP Securities | Elite Wealth | |
|---|---|---|
SBICAP Securities Review | Brokerage Charges, Account OpeningIncorporated 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 V .. + " Vs "+ Elite Wealth |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
SBICAP Securities Vs Elite Wealth - Brokerage charges & Plans
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Commodity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.03% |
| Currency Futures | Intraday:- ₹50 | Delivery:- ₹100/- | 0.03% |
| Equity Delivery | Intraday:- 0.075% | Delivery:- 0.50% | 0.33% |
| Equity Options | Intraday:- ₹50 | Delivery:- ₹100/- | ₹33 per Lot |
| Commodity Options | Intraday:- ₹50 | Delivery:- ₹100/- | 0.03% |
| Equity Futures | Intraday:- 0.03% | Delivery:- 0.05% | 0.03% |
| Currency Options | Intraday:- ₹20 | Delivery:- ₹30/- | ₹33 per Lot |
| Fixed Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.03% |
| Equity Intraday | Intraday:- 0.075% | Delivery:- 0.50% | 0.03% |
SBICAP Securities Vs Elite Wealth - Margin (Exposure)
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
SBICAP Securities Vs Elite Wealth - Other Charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹10/Order | ₹0 (Free) |
| Other Brokerage Charges | Intraday:- 0.075% | Delivery:- 0.50% | 0.03% |
| Minimum Brokerage | ₹20/Order | 0.03% |
SBICAP Securities Vs Elite Wealth - STT/CTT
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on Sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on Sell Side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
SBICAP Securities Vs Elite Wealth - Demat transaction charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | No Charges |
SBICAP Securities Vs Elite Wealth - GST
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
SBICAP Securities Vs Elite Wealth - SEBI Charges
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
SBICAP Securities Vs Elite Wealth - Features
| SBICAP Securities | Elite Wealth | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. SBISmart Portal (Web-based trading platform). 2. SBISmart Xpress (Desktop Trading Software). 3. SBISmart Lite (Website Trading). 4. SBISmart Mobile App. | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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