SBI Securities Vs mStock Demat Account Comparison

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

Stock Broking, Demat Account, Margin Funding

Rs 850

Rs 999 (One Time Cost) or Rs 0

1. Individual Account: Rs 750 (Rs 500 for e-statement)

Rs 0 (Rs 999 Lifetime Zero Brokerage Plan) or Annual Rs 480 + GST (To be recovered every quarter)

Nil

Rs 0

Rs 5 per cert + Rs 35 courier charges per request

Rs 0

Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

Rs 0

1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN

Rs 12 per ISIN + GST

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Rs 32 per PSN (Pledge Sequence Number)

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Rs 32 per PSN (Pledge Sequence Number)

Rs 10 per failed instruction.

No charge will be applicable for failed instruction

Periodic/Adhoc Statement-Rs 100 per request + Rs 100 per courier