Compare stock brokers
Jm Financial vs. SAS Online
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Jm Financial and SAS Online. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Jm Financial and SAS Online.
Overview
Jm Financial is public company and SAS Online is private company. Jm Financial operates as a full service Broker, while SAS Online functions as a discount broker. Nimesh Kampani co-founded Jm Financial in 1986. And SAS Online was founded in the year 2013 by Shrey Jain & Siddharth Jain. Jm Financial's headquarters are in Mumbai, Maharashtra and SAS Online's headquarters are in New Delhi, Delhi.
Jm Financial operates as a full service Broker, while SAS Online functions as a discount broker. Jm Financial is registered in NA, while SAS Online is registered in NSE, BSE and MCX. The total branches of Jm Financial are Nil and the SAS Online branches are 1.
| Overview | Jm Financial | SAS Online |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, Maharashtra | New Delhi, Delhi |
| Founders | Nimesh Kampani | Shrey Jain & Siddharth Jain |
| Foundation Year | 1986 | 2013 |
| Supported Exchanges | NA | NSE, BSE and MCX |
| Total branches | Nil | 1 |
Jm Financial and SAS Online Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Jm Financial charging Rs.799 and SAS Online charging Free.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Jm Financial Demat account is Rs.299 and for the SAS Online Demat account is Rs.300. The Trading AMC for Jm Financial and SAS Online is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Jm Financial and SAS Online is CDSL.
| Account Opening and Demat Charges | Jm Financial | SAS Online |
|---|---|---|
| Trading Account Opening Charges | Rs.799 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.299 | Rs.300 |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Rs.15,000 Minimum | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Jm Financial and SAS Online Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Jm Financial is 0.5% – 0.15%, while SAS Online charges you Rs.9 per executed order.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Jm Financial is 0.05% -0.015% and for SAS Online also, it is Rs.9 per executed order.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Jm Financial charge 0.05% -0.015% and SAS Online charge Rs.9 per executed order for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Jm Financial charges Rs.75 – Rs.20 per Lot, and SAS Online charges Rs.9 per executed order.
| Equity Brokerage Charges | Jm Financial | SAS Online |
|---|---|---|
| Equity Delivery Brokerage | 0.5% – 0.15% | Rs.9 per executed order |
| Equity Intraday Brokerage | 0.05% -0.015% | Rs.9 per executed order |
| Equity Futures Brokerage | 0.05% -0.015% | Rs.9 per executed order |
| Equity Options Brokerage | Rs.75 – Rs.20 per Lot | Rs.9 per executed order |
Jm Financial and SAS Online Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Jm Financial is 0.05% -0.015% and for SAS Online is Rs.9 per executed order.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Jm Financial charges Rs.75 – Rs.20 per Lot for currency options, whereas Jm Financial charges Rs.9 per executed order.
| Currency Brokerage Charges | Jm Financial | SAS Online |
|---|---|---|
| Currency Futures Brokerage | 0.05% -0.015% | Rs.9 per executed order |
| Currency Options Brokerage | Rs.75 – Rs.20 per Lot | Rs.9 per executed order |
Jm Financial and SAS Online Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Jm Financial charges NA for commodity trading, while SAS Online charges Rs.9 per executed order.
| Commodity Brokerage Charges | Jm Financial | SAS Online |
|---|---|---|
| Commodity Options Brokerage | NA | Rs.9 per executed order |
Jm Financial and SAS Online Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Jm Financial levies a minimum brokerage fee of Percentage of Transaction, while SAS Online charges Rs.9 per executed order brokerage fee.
Transaction Brokerage Charges: Jm Financial levies a transaction brokerage charge of 0.00325%, while SAS Online charges 0.00295% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Jm Financial is 0.0002% of Total Turnover and for Jm Financial is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Jm Financial are 0.0126% of selling value, while for SAS Online, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Jm Financial charges NA and SAS Online charges Rs 20 per trader.
| Other Brokerage Charges | Jm Financial | SAS Online |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Rs.9 per executed order | Transaction Brokerage Charges | 0.00325% | 0.00295% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of selling value | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 20 per trader |
Jm Financial and SAS Online Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Jm Financial is up to Upto 1x and by SAS Online it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Jm Financial is up to Upto 7x and by SAS Online it is up to Upto 7x.
Equity Futures: Leverage for Equity Futures by Jm Financial is up to Upto 2x and by SAS Online it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Jm Financial is up to Upto 4x and by SAS Online also, it is up to Upto 6x.
| Equity Leverage | Jm Financial | SAS Online |
|---|---|---|
| Equity Delivery | Upto 1x | Upto 2x | Equity Intraday | Upto 7x | Upto 7x | Equity Futures | Upto 2x | Upto 3x | Equity Options | Upto 4x | Upto 6x |
Jm Financial and SAS Online Currency Leverage
The currency futures leverage provided by Jm Financial is up to Upto 3x, while for SAS Online it is up to Upto 1x.
The currency options leverage provided by Jm Financial is up to Upto 3x, while for SAS Online it is up to Upto 3x.
| Currency Leverage | Jm Financial | SAS Online |
|---|---|---|
| Currency Futures | Upto 3x | Upto 1x | Currency Options | Upto 3x | Upto 3x |
Jm Financial and SAS Online Commodity Leverage
The commodity leverage provided by Jm Financial is up to Upto 2x, while for SAS Online it is up to Upto 2x.
| Commodity Leverage | Jm Financial | SAS Online |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Jm Financial and SAS Online Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Jm Financial | SAS Online |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | Yes | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Jm Financial and SAS Online Features
Equity Trading: Jm Financial and SAS Online brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Jm Financial and SAS Online also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Jm Financial and SAS Online broker is that you can also invest in IPOs. Jm Financial also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Jm Financial offers trading exposure of up to Upto 7x, while SAS Online gives up to Upto 7x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Jm Financial and SAS Online, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Jm Financial and SAS Online also allow you to trade in forex trading.
| Features | Jm Financial | SAS Online |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | No | No | Trading Exposure | Upto 7x | Upto 7x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Jm Financial and SAS Online Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Jm Financial and SAS Online offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Jm Financial | SAS Online |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | No |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Jm Financial and SAS Online Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Jm Financial and SAS Online offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Jm Financial | SAS Online |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Jm Financial and SAS Online Mobile Trading Platforms
Jm Financial and SAS Online offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Jm Financial | SAS Online |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Jm Financial and SAS Online Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Jm Financial and SAS Online give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Jm Financial | SAS Online |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 50 | No Branch |
Jm Financial and SAS Online Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Jm Financial and SAS Online registered and resolved complaints.
For Jm Financial, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For SAS Online, the Percentage of resolved BSE complaints is 93.10 % and the Percentage of resolved NSE complaints is 92.68 %.
We can say that Jm Financial is better than SAS Online in case of resolving customer complaints.
| BSE Complaints | Jm Financial | SAS Online |
|---|---|---|
| BSE Complaints | 5 | 29 |
| BSE Resolved Complaints | 5 | 27 |
| Percentage of resolved BSE complaints | 100.00 % | 93.10 % |
| NSE Complaints | 7 | 41 |
| NSE Resolved Complaints | 7 | 38 |
| Percentage of resolved NSE complaints | 100.00 % | 92.68 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 92.89 % |
Frequently Asked Questions
Is Jm Financial better than SAS Online?
Jm Financial is a full service broker and SAS Online is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is SAS Online better than Jm Financial?
SAS Online is a discount broker and Jm Financial is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Jm Financial and SAS Online?
Being a full-service broker, Jm Financial tends to have higher brokerage charges, while SAS Online, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Jm Financial and SAS Online?
To figure out which of the two stockbrokers, Jm Financial and SAS Online, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Jm Financial with other stock brokers
Visit the following pages to see a detailed comparision report of Jm Financial with other brokerage firms.
Compare SAS Online with other stock brokers
Visit the following pages to see a detailed comparision report of SAS Online with other brokerage firms.