Top Stock Advisory
Khandwala Securities 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 Khandwala Securities and SAS Online. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Khandwala Securities and SAS Online.
Overview
Khandwala Securities are SAS Online both private companies and Khandwala Securities operates as a full service Broker, while SAS Online functions as a discount broker. Paresh J. Khandwala co-founded Khandwala Securities in 1934. And SAS Online was founded in the year 2013 by Shrey Jain & Siddharth Jain. Khandwala Securities's headquarters are in Mumbai, Maharashtra and SAS Online's headquarters are in New Delhi, Delhi.
Khandwala Securities operates as a full service Broker, while SAS Online functions as a discount broker. Khandwala Securities is registered in NA, while SAS Online is registered in NSE, BSE and MCX. The total branches of Khandwala Securities are Nil and the SAS Online branches are 1.
| Overview | Khandwala Securities | SAS Online |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai, Maharashtra | New Delhi, Delhi |
| Founders | Paresh J. Khandwala | Shrey Jain & Siddharth Jain |
| Foundation Year | 1934 | 2013 |
| Supported Exchanges | NA | NSE, BSE and MCX |
| Total branches | Nil | 1 |
Khandwala Securities 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 Khandwala Securities charging Rs.250 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 Khandwala Securities Demat account is Rs.500 per Annum and for the SAS Online Demat account is Rs.300. The Trading AMC for Khandwala Securities 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 Khandwala Securities and SAS Online is CDSL.
| Account Opening and Demat Charges | Khandwala Securities | SAS Online |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.500 per Annum | Rs.300 |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.15,000 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Khandwala Securities 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 Khandwala Securities is 0.35%, 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 Khandwala Securities is 0.04% 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. Khandwala Securities charge 0.04% 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, Khandwala Securities charges Rs.35 per Lot, and SAS Online charges Rs.9 per executed order.
| Equity Brokerage Charges | Khandwala Securities | SAS Online |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | Rs.9 per executed order |
| Equity Intraday Brokerage | 0.04% | Rs.9 per executed order |
| Equity Futures Brokerage | 0.04% | Rs.9 per executed order |
| Equity Options Brokerage | Rs.35 per Lot | Rs.9 per executed order |
Khandwala Securities 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 Khandwala Securities is 0.04% 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. Khandwala Securities charges Rs.35 per Lot for currency options, whereas Khandwala Securities charges Rs.9 per executed order.
| Currency Brokerage Charges | Khandwala Securities | SAS Online |
|---|---|---|
| Currency Futures Brokerage | 0.04% | Rs.9 per executed order |
| Currency Options Brokerage | Rs.35 per Lot | Rs.9 per executed order |
Khandwala Securities 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. Khandwala Securities charges 0.04% for commodity trading, while SAS Online charges Rs.9 per executed order.
| Commodity Brokerage Charges | Khandwala Securities | SAS Online |
|---|---|---|
| Commodity Options Brokerage | 0.04% | Rs.9 per executed order |
Khandwala Securities and SAS Online Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Khandwala Securities levies a minimum brokerage fee of Percentage of Transaction, while SAS Online charges Rs.9 per executed order brokerage fee.
Transaction Brokerage Charges: Khandwala Securities levies a transaction brokerage charge of 0.00300%, 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 Khandwala Securities is 0.0002% of Total Turnover and for Khandwala Securities 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 Khandwala Securities are 0.0126% of Total Turnover, while for SAS Online, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Khandwala Securities charges NA and SAS Online charges Rs 20 per trader.
| Other Brokerage Charges | Khandwala Securities | SAS Online |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Rs.9 per executed order | Transaction Brokerage Charges | 0.00300% | 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 Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 20 per trader |
Khandwala Securities 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 Khandwala Securities is up to Upto 2x and by SAS Online it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Khandwala Securities is up to Upto 5x and by SAS Online it is up to Upto 7x.
Equity Futures: Leverage for Equity Futures by Khandwala Securities is up to Upto 4x and by SAS Online it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Khandwala Securities is up to Upto 5x and by SAS Online also, it is up to Upto 6x.
| Equity Leverage | Khandwala Securities | SAS Online |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 5x | Upto 7x | Equity Futures | Upto 4x | Upto 3x | Equity Options | Upto 5x | Upto 6x |
Khandwala Securities and SAS Online Currency Leverage
The currency futures leverage provided by Khandwala Securities is up to Upto 2x, while for SAS Online it is up to Upto 1x.
The currency options leverage provided by Khandwala Securities is up to Upto 2x, while for SAS Online it is up to Upto 3x.
| Currency Leverage | Khandwala Securities | SAS Online |
|---|---|---|
| Currency Futures | Upto 2x | Upto 1x | Currency Options | Upto 2x | Upto 3x |
Khandwala Securities and SAS Online Commodity Leverage
The commodity leverage provided by Khandwala Securities is up to Upto 2x, while for SAS Online it is up to Upto 2x.
| Commodity Leverage | Khandwala Securities | SAS Online |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Khandwala Securities 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 | Khandwala Securities | SAS Online |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | No | No | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Khandwala Securities and SAS Online Features
Equity Trading: Khandwala Securities 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: Khandwala Securities and SAS Online also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Khandwala Securities and SAS Online broker is that you can also invest in IPOs. Khandwala Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Khandwala Securities offers trading exposure of up to Upto 5x, 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 Khandwala Securities 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. Khandwala Securities and SAS Online also allow you to trade in forex trading.
| Features | Khandwala Securities | 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) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 7x | Mutual Funds | No | No | SIP (Systematic Investment Plan) | No | No | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Khandwala Securities 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. Khandwala Securities 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 | Khandwala Securities | SAS Online |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | 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 |
Khandwala Securities 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. Khandwala Securities 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 | Khandwala Securities | SAS Online |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Khandwala Securities and SAS Online Mobile Trading Platforms
Khandwala Securities and SAS Online offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Khandwala Securities | SAS Online |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Khandwala Securities 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. Khandwala Securities 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 | Khandwala Securities | SAS Online |
|---|---|---|
| Relationship Manager | No | 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 | 13 | No Branch |
Khandwala Securities 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 Khandwala Securities and SAS Online registered and resolved complaints.
For Khandwala Securities, the Percentage of resolved BSE complaints is NaN % 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 Khandwala Securities is better than SAS Online in case of resolving customer complaints.
| BSE Complaints | Khandwala Securities | SAS Online |
|---|---|---|
| BSE Complaints | 0 | 29 |
| BSE Resolved Complaints | 0 | 27 |
| Percentage of resolved BSE complaints | NaN % | 93.10 % |
| NSE Complaints | 2 | 41 |
| NSE Resolved Complaints | 2 | 38 |
| Percentage of resolved NSE complaints | 100.00 % | 92.68 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 92.89 % |
Frequently Asked Questions
Is Khandwala Securities better than SAS Online?
Khandwala Securities 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 Khandwala Securities?
SAS Online is a discount broker and Khandwala Securities 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 Khandwala Securities and SAS Online?
Being a full-service broker, Khandwala Securities 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, Khandwala Securities and SAS Online?
To figure out which of the two stockbrokers, Khandwala Securities and SAS Online, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Khandwala Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Khandwala Securities 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.