Compare stock brokers
Shri Parasram Holdings vs. Sbicap Securities
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 Shri Parasram Holdings and Sbicap Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Shri Parasram Holdings and Sbicap Securities.
Overview
Shri Parasram Holdings and Sbicap Securities are both public companies and both are full service broker as well. Late Shri Subhash Chander co-founded Shri Parasram Holdings in 2007. And Sbicap Securities was founded in the year 1986 by Varsha Purandare. Shri Parasram Holdings's headquarters are in New Delhi, Delhi and Sbicap Securities's headquarters are in Mumbai, India.
Shri Parasram Holdings and Sbicap Securities both are full service broker as well. Shri Parasram Holdings is registered in NA, while Sbicap Securities is registered in NA. The total branches of Shri Parasram Holdings are Nil and the Sbicap Securities branches are NA.
| Overview | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Public |
| Headquarter | New Delhi, Delhi | Mumbai, India |
| Founders | Late Shri Subhash Chander | Varsha Purandare |
| Foundation Year | 2007 | 1986 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | NA |
Shri Parasram Holdings and Sbicap Securities 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 Shri Parasram Holdings charging 0 and Sbicap Securities charging Rs.500.
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 Shri Parasram Holdings Demat account is Rs 385 per Annum or lifetime Rs 885 and for the Sbicap Securities Demat account is Rs.400 per annum. The Trading AMC for Shri Parasram Holdings and Sbicap Securities 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 Shri Parasram Holdings and Sbicap Securities is CDSL.
| Account Opening and Demat Charges | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Trading Account Opening Charges | 0 | Rs.500 |
| Demat AMC (Annual Maintenance Charges) | Rs 385 per Annum or lifetime Rs 885 | Rs.400 per annum |
| Trading AMC (Annual Maintenance Charges) | Rs 350 + GST 18% | Free |
| Margin Money | Minimum Rs.10,000 | Rs.25,000 |
| Offline to Online Charges | Yes | Not applicable |
| Depository | CDSL | CDSL & NSDL |
Shri Parasram Holdings and Sbicap Securities 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 Shri Parasram Holdings is 0.20%, while Sbicap Securities charges you 0.50%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Shri Parasram Holdings is 0.02% – 0.04% and for Sbicap Securities also, it is 0.08%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Shri Parasram Holdings charge 0.02% – 0.04% or Rs. 50 minimum and Sbicap Securities charge 0.03% – 0.05% 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, Shri Parasram Holdings charges 0.02% – 0.04% or Rs. 50 minimum, and Sbicap Securities charges Rs.50 per lot.
| Equity Brokerage Charges | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.20% | 0.50% |
| Equity Intraday Brokerage | 0.02% – 0.04% | 0.08% |
| Equity Futures Brokerage | 0.02% – 0.04% or Rs. 50 minimum | 0.03% – 0.05% |
| Equity Options Brokerage | 0.02% – 0.04% or Rs. 50 minimum | Rs.50 per lot |
Shri Parasram Holdings and Sbicap Securities 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 Shri Parasram Holdings is 0.02% – 0.04% or Rs. 50 minimum and for Sbicap Securities is 0.02%.
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. Shri Parasram Holdings charges 0.02% – 0.04% or Rs. 50 minimum for currency options, whereas Shri Parasram Holdings charges Rs.20 per lot.
| Currency Brokerage Charges | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Currency Futures Brokerage | 0.02% – 0.04% or Rs. 50 minimum | 0.02% |
| Currency Options Brokerage | 0.02% – 0.04% or Rs. 50 minimum | Rs.20 per lot |
Shri Parasram Holdings and Sbicap Securities 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. Shri Parasram Holdings charges 0.05% or Rs. 50 per Lot for commodity trading, while Sbicap Securities charges NA.
| Commodity Brokerage Charges | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Commodity Options Brokerage | 0.05% or Rs. 50 per Lot | NA |
Shri Parasram Holdings and Sbicap Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Shri Parasram Holdings levies a minimum brokerage fee of Customizable, while Sbicap Securities charges Rs.10 per Transaction brokerage fee.
Transaction Brokerage Charges: Shri Parasram Holdings levies a transaction brokerage charge of 0.00325% of Total Turnover, while Sbicap Securities charges 0.00384% 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 Shri Parasram Holdings is 0.0002% of Total Turnover and for Shri Parasram Holdings 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 Shri Parasram Holdings are 0.0126% of Total Turnover, while for Sbicap Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Shri Parasram Holdings charges NA and Sbicap Securities charges NA.
| Other Brokerage Charges | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Minimum Brokerage Charges | Customizable | Rs.10 per Transaction | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00384% 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 | NA |
Shri Parasram Holdings and Sbicap Securities 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 Shri Parasram Holdings is up to Upto 2x and by Sbicap Securities it is up to Upto 8x.
Equity Intraday: Leverage for equity intraday by Shri Parasram Holdings is up to Upto 6x and by Sbicap Securities it is up to Upto 12x.
Equity Futures: Leverage for Equity Futures by Shri Parasram Holdings is up to Upto 3x and by Sbicap Securities it is up to Upto 8x.
Equity Options: Leverage for Equity Options by Shri Parasram Holdings is up to Upto 4x and by Sbicap Securities also, it is up to Upto 8x.
| Equity Leverage | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 8x | Equity Intraday | Upto 6x | Upto 12x | Equity Futures | Upto 3x | Upto 8x | Equity Options | Upto 4x | Upto 8x |
Shri Parasram Holdings and Sbicap Securities Currency Leverage
The currency futures leverage provided by Shri Parasram Holdings is up to Upto 2x, while for Sbicap Securities it is up to Upto 5x.
The currency options leverage provided by Shri Parasram Holdings is up to Upto 2x, while for Sbicap Securities it is up to Upto 6x.
| Currency Leverage | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 5x | Currency Options | Upto 2x | Upto 6x |
Shri Parasram Holdings and Sbicap Securities Commodity Leverage
The commodity leverage provided by Shri Parasram Holdings is up to Upto 2x, while for Sbicap Securities it is up to NA.
| Commodity Leverage | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Commodity | Upto 2x | NA |
Shri Parasram Holdings and Sbicap Securities 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 | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | Yes | No | Flexible Plans | Yes | No | Brokerage Discounts | Yes | No | 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 |
Shri Parasram Holdings and Sbicap Securities Features
Equity Trading: Shri Parasram Holdings and Sbicap Securities 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: Shri Parasram Holdings and Sbicap Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Shri Parasram Holdings and Sbicap Securities broker is that you can also invest in IPOs. Shri Parasram Holdings also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Shri Parasram Holdings offers trading exposure of up to Upto 20x, while Sbicap Securities gives up to Upto 12x.
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 Shri Parasram Holdings and Sbicap Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Shri Parasram Holdings and Sbicap Securities also allow you to trade in forex trading.
| Features | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| 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 | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 20x | Upto 12x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | Yes | Insurance | No | Yes |
Shri Parasram Holdings and Sbicap Securities 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. Shri Parasram Holdings and Sbicap Securities 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 | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Shri Parasram Holdings and Sbicap Securities 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. Shri Parasram Holdings and Sbicap Securities 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 | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Shri Parasram Holdings and Sbicap Securities Mobile Trading Platforms
Shri Parasram Holdings and Sbicap Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | No |
| iOS App | Yes | Yes |
| Windows App | No | Yes |
| Other mobile os | No | Yes |
Shri Parasram Holdings and Sbicap Securities 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. Shri Parasram Holdings and Sbicap Securities 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 | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | No |
| 24 * 7 Support | No | No |
| Email Support | No | 225 |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 350 | S |
Shri Parasram Holdings and Sbicap Securities 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 Shri Parasram Holdings and Sbicap Securities registered and resolved complaints.
For Shri Parasram Holdings, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Sbicap Securities, the Percentage of resolved BSE complaints is 62.92 % and the Percentage of resolved NSE complaints is 68.42 %.
We can say that Shri Parasram Holdings is better than Sbicap Securities in case of resolving customer complaints.
| BSE Complaints | Shri Parasram Holdings | Sbicap Securities |
|---|---|---|
| BSE Complaints | 5 | 89 |
| BSE Resolved Complaints | 5 | 56 |
| Percentage of resolved BSE complaints | 100.00 % | 62.92 % |
| NSE Complaints | 12 | 114 |
| NSE Resolved Complaints | 12 | 78 |
| Percentage of resolved NSE complaints | 100.00 % | 68.42 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 65.67 % |
Frequently Asked Questions
Is Shri Parasram Holdings better than Sbicap Securities?
Shri Parasram Holdings and Sbicap Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Sbicap Securities better than Shri Parasram Holdings?
Sbicap Securities and Shri Parasram Holdings are at the top among the best full service brokers. 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 Shri Parasram Holdings and Sbicap Securities?
Shri Parasram Holdings and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. 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, Shri Parasram Holdings and Sbicap Securities?
To figure out which of the two stockbrokers, Shri Parasram Holdings and Sbicap Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Shri Parasram Holdings with other stock brokers
Visit the following pages to see a detailed comparision report of Shri Parasram Holdings with other brokerage firms.
Compare Sbicap Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Sbicap Securities with other brokerage firms.