Cholamandalam Finance Review, Brokerage Charges, Demat Account & moreLast Updated Date: May 09, 2022
Cholamandalam Finance is the investment and financial services offering company situated in the southern part of India i.e Chennai, Tamil Nadu.
In this write-up, we will discuss about Cholamandalam brokerage charges, trading platforms, offers, products, services, exposure, research and advisory, account opening charges and many other sorts of features as well.
Cholamandalam Finance Customer Ratings & Review
|Products & Services||3.4/5|
|Brokerage Charges & Fees||3.3/5|
|Stock Research & Advisory||2.6/5|
|Total Client Reviews||266|
About Cholamandalam Finance
The table chart given below is providing the entire details about the Cholamandalam Company-
|Broker Type||Full Service Broker|
Cholamandalam is the financial and investment services providing company established in 1994 by N.Srinivasan. It is located in Chennai, T.N. The company offers the entire spectrum of financial services.
It’s financial service offerings includes- SME loans, vehicle finance, home equity loans, home loans, investment advisory services, stockbroking services and many other financial services as well.
The broking house has around 885 branches all over India with AUM of more than INR 47,700 crores.
The subsidiary companies of Cholamandalam are Cholamandalam Home Finance Limited (CHFL) and Cholamandalam Securities Limited (CSEC).
Open Demat Account with Cholamandalam Finance
Cholamandalam Finance Brokerage Charges
The table chart given below is detailing about the brokerage charges chart of Cholamandalam-
|Equity Delivery Trading||0.50%|
|Equity Intraday Trading||0.05%|
|Commodity Options Trading||0.05%|
|Equity Futures Trading||0.05%|
|Equity Options Trading||Rs.50 per Lot|
|Currency Futures Trading||0.05%|
|Currency Options Trading||Rs.25 per Lot|
|Minimum Brokerage||Percentage of Transaction|
|Demat AMC Charges||Rs.300 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Brokerage Calculator||Cholamandalam Brokerage Calculator|
The comprehensive and wide-ranging broking house charge some brokerage charges as per the percentage of the transaction from all its customers.
It charges 0.50% for offering equity delivery trading, 0.05% for equity intraday trading, commodity options trading, equity futures trading and currency futures trading.
It also charges Rs.50 per lot on equity options trading and Rs.25 per lot on currency options trading. The financial service providing company charges Rs. 300 per annum demat AMC.
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Cholamandalam Finance Other Charges
The table chart provided below is showing the details regarding other charges structure customised by the company-
|STT||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
Along with brokerage charges, the broking house imposes other charges from all of its customers. Its other charges structure is based on stock market value.
The company charges 0.00300% as transaction charges, 0.0126% of total turnover as STT, 0.0002% of total turnover as SEBI Turnover Charges, stamp duty charges are normally dependent on the state and GST charges are 18% of brokerage + transaction charges.
All these charges are very minimal which will not affect your investment portfolio.
Cholamandalam Finance Demat Account Opening Fees
The table chart given below is detailing about the account opening charges of Cholamandalam-
|Depository Source||CDSL & NSDL|
|Account Opening Charges||Zero|
|Demat AMC Charges||Rs.300 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Offline to Online||Yes|
Cholamandalam is the wide-ranging stockbroking house offers all types of financial services at the lowest possible prices. It’s depository source us CDSL & NSDL.
The company does not charge any fees for opening a demat and trading account. It only charges Rs.300 yearly for the maintenance of the demat account and trading account maintenance is free.
The best thing about the Cholamandalam is that it does not charge margin money and also provide offline to online trading options to its clients for ease and convenience.
Cholamandalam Finance Offers
The table chart provided below is detailing about the Cholamandalam trading offers-
|Free Demat Account||No|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||No|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
Cholamandalam is the top-notch investment and financial service broker available in the stock market. It serves customers with better quality products and services.
The company is also good at providing offers related to financial services in order to make customers satisfied and happy.
Here is the quick list of offers available to Cholamandalam users-
- The broking house normally offers free trading account services and also does not charge any AMC from its customers.
- It offers qualitative trading products with amazing discount.
- The company offers a discount on brokerage to all of its customers.
To know about offers of other stock brokers check below
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How to Open a Demat Account with Cholamandalam Finance?
If you are planning to trade in stock or share market then you must keep a demat account with yourself which should safeguard your shares electronically.
The Cholamandalam investment and financial service limited offers secure and flexible account opening services.
You can easily open your account with them for free.
- To open up a demat account with Cholamandalam, you require to fill up the demat form by clicking on the “Open Demat Account” button below.
- Once you submit the demat form with accurate data, the company executive will call you for the data verification and ask you to upload KYC details.
- Then, you will be required to upload KYC documents such as- identity proof, age proof, aadhaar card, PAN card and photograph.
- After submitting KYC documents, you will again get a call from the company executive for the document verification process.
- Once the complete verification is done then you will be able to use your demat account to safeguard your stocks and shares.
Why Open Cholamandalam Finance Trading Account?
Trading account is the most vital thing to have for trading, it actually enables users to explore the store market and invest in beneficial stocks.
Cholamandalam stockbroking house assists users in opening up a trading account with flexibility and ease. Here is why you open up a demat account with Cholamandalam-
- The broking house allows users to open up a trading account for free.
- With the free opening of a trading account, it offers qualitative trading products and services at low brokerage charges.
- Users can have good trading experience with Cholamandalam broking house.
Get a Call back from Cholamandalam Finance
Cholamandalam Finance Products & Services
The table chart provided below is detailing about the products & services offered by Cholamandalam to its customers-
Products Offered by Cholamandalam Finance
Cholamandalam Investment and Financial service offerings company avail best quality products for all the customers and partners.
It has customised the entire list of trading products to provide convenience and satisfaction to the customers during trading. Here is the quick list of trading products availed to Cholamandalam clients-
- Equity trading
- Commodity trading
- Currency trading
- Mutual Funds
All the above-listed products are customised as per the needs and requirements of the customers. Users can make use of these products to have superior trading experience.
Cholamandalam Finance Service Offerings
The table chart given below is providing the details regarding Cholamandalam services-
|3 in 1 Account||No|
|Trading Exposure||Upto 6X|
Along with the best qualitative trading products, the stockbroking company provide convenient and satisfactory trading services to all of its customers.
It’s service offerings include- demat account services, trading account services, intraday services and IPO services.
Apart from that, the broking house offers trading exposure up to 6x. Users can make use of all these services in order to experience superior trading.
Cholamandalam Finance Research, Advisory and Stock Tips
The table provided below is detailing about Cholamandalam Research & Advisory-
|Company Stock Review||No|
|Free Stock Tips||Yes|
|Daily Market Review||No|
Cholamandalam broking offers deep research regarding all the stocks-
- It provides detailed IPO reports and free stock tips to its customers for easy and flexible trading.
- Apart from that, it avails offline advisory and relationship manager for their clients.
Cholamandalam Finance Exposure or Leverage
The table chart provided below is detailing about the Cholamandalam exposure-
|Equity Delivery||Upto 2X|
|Equity Intraday||Upto 6X|
|Equity Futures||Upto 3X|
|Equity Options||Upto 5X|
|Currency Futures||Upto 3X|
|Currency Options||Upto 3X|
|Margin Calculator||Cholamandalam Margin Calculator|
Cholamandalam stockbroking house is good at providing massive exposure up to 6x to all its customers. It basically offers good exposure or leverage in equity intraday and equity options.
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Cholamandalam Finance Trading Platforms
Here are the thorough details on various trading platforms offered by Cholamandalam Finance to its consumers.
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||No|
|Mobile Site Platform||No|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||No|
|Multi Account Management||No|
Cholamandalam is one of the renowned and wide-ranging full-service broker available in India. It offers flexible and convenient trading services to all of its customers and investment partners.
Apart from trading products, it provides flexible trading platforms through which customers can trade easily and conveniently-
Cholamandalam Finance Trading Terminal
Cholamandalam Investment and Finance Ltd allows users to trade with trading software in order to have massive trading experience. Trading terminal is software usually designed with Exe. a platform for trading purpose.
It has various benefits listed below-
- Trading software enables users to explore the entire stock market for making a better investment decision.
- It enables users to make the right trading decisions.
- This terminal requires a normal internet connection.
- It can be accessible in the laptop, mobile phones, computers and tablets.
Cholamandalam Finance Web-based Trading Platform
Web-based trading is the best kind of trading. In this platform, you just require to open a browser and enter your login credentials for trading.
You can make use of this trading platform with any kind of browser such as- Google Chrome, Mozilla, Firefox etc. It has some impressive benefits which are given below-
- The web-based trading platform can be easily accessed in mobile phones, laptop, computers etc.
- Users need to have a basic internet connection to use this platform.
- It makes trade easy and convenient.
- Allows exploring various stocks.
Cholamandalam Finance Mobile Application
The trading mobile app is the best source for trading in any type of stocks. It only requires to install in mobile. You can get started with this app very easily and conveniently.
Here is the list of features associated with trading mobile app-
- It enables customers to trade anytime anywhere.
- Through this, you can explore the whole stock market.
- It offers a massive trading experience to the users.
Cholamandalam Finance Customer Care
The table chart provided below is detailing about the Cholamandalam customer support-
|Toll Free Number||No|
Cholamandalam is the best stock and shares a broking house. It offers qualitative trading products and also provides good customer support to all of its users.
It provides online and offline trading support to all of its users for ease and convenience. Customers can directly email to the company executive regarding any trading related query.
Apart from that, the company has around 25 branches through which customers can physically resolve their queries.
Cholamandalam Finance Complaints and Feedback
The table chart provided below is detailing about the Cholamandalam Complaints-
|Lodged in BSE||0|
|Resolved in BSE||0|
|Lodged in NSE||2|
|Resolved in NSE||2|
As per the table chart provided above, cholamandalam has given massive trading experience to all of its users. It has received only 2 complaints last year and resolved them quickly.
Cholamandalam Finance and Disadvantages:
With impressive advantages, Cholamandalam has various disadvantages also which are given below-
- It does offer 3 in 1 account opening facility to the users.
- It does not provide a convenient margin calculator to its users.
Cholamandalam Finance Conclusion
Cholamandalam is the best and top-notch broking house located in India. It avails very flexible and convenient trading services for its customers.
Along with trading services, it offers good customer support for ease and convenience. If you are looking for any reliable broking service offering firm, go for Cholamandalam and he reliable trading services at minimal brokerage charges.
Open Demat Account with Cholamandalam Finance
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