SBIcap Securities vs IDBI Direct Comparison: 2024
About SBIcap Securities
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
SBIcap Securities vs IDBI Direct Account Opening Charges: 2024
| Charge | SBIcap Securities | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹850 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹350 | ₹450 p.a. |
SBIcap Securities vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | IDBI Direct |
|---|---|---|
| Plan Name | eZ-trade Plan | Standard Plan |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.05% |
| Equity Futures | 0.05% | 0.05% |
| Equity Options | ₹100 per lot | ₹100 per lot |
| Currency Futures | 0.03% | N/A |
| Currency Options | ₹30 per lot | N/A |
| Commodity Options | NA | N/A |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs IDBI Direct Margin / Exposure: 2024
| Segment | SBIcap Securities | IDBI Direct |
|---|---|---|
| Equity Delivery | 2x | Nil |
| Equity Intraday | Upto 5x | Upto 4x |
| Equity Future | Nil | Nil |
| Equity Options | Nil | Nil |
| Currency Future | Nil | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |