Shri Parasram Holdings Review, Brokerage Charges, Demat Account & more
Last Updated Date: Dec 01, 2022Shri Parasram Holdings is a respectable stockbroker company catering a wide range of stock trading services.
This New Delhi based company is hand-picked for delivering the maximum research and advisory services. They offer variable brokerage fees for almost the trading services they provide.
With decent user experience, satisfactory trading platforms and approximately 152 customer reviews, Shri Parasram Holdings has already spearheaded the stockbroking industry with 428 branches all across the nation.
Shri Parasram Holdings Ratings & Review by Top10StockBroker
| Experience | 2.9/5 |
| Products & Services | 3.4/5 |
| Brokerage Charges & Fees | 3.1/5 |
| Stock Research & Advisory | 3.3/5 |
| Trading Platforms | 2.9/5 |
| Overall Ratings | 3.2/5 |
| Star Ratings | ★★★☆☆ |
About Shri Parasram Holdings
| Company Type | Private |
| Broker Type | Full Service Broker |
| Headquarters | New Delhi |
| Founder | Subhash Aggarwal |
| Established Year | 1995 |
Established in 1995, Shri Parasram Holdings started its journey on the Capital city of India – New Delhi.
The founder – Subhash Aggarwal, had a clear vision of how he wants to operate the business.
There was a stiff competition that Parasram Holdings have withstood and with sheer willpower, they have successfully managed to establish a foundation that is still showing its prowess after 25 years in operation.
Open Demat Account with Shri Parasram Holdings
Shri Parasram Holdings Brokerage Charges
| Equity Delivery | 0.15% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs 30 per lot |
| Currency Futures | 0.02% |
| Currency Options | Rs 30 per lot |
| Commodity | Rs 30 per lot |
| Minimum Brokerage | Percentage of Transaction |
| Demat AMC Charges | Rs.885 per Annum |
| Trading AMC Charges | Free |
| Margin Money | 75% Margin |
| Brokerage Calculator | Shri Parasram Holdings Brokerage Calculator |
Shri Parasram Holdings offers Demat account opening at just ₹0, whereas the Trading account is free to open. The AMC of Demat account is ₹885, whereas it is free for Trading account.
The cost of Equity Delivery Trading ranges 0.15%. Equity Intraday Trading, Commodity Options Trading and Equity Futures Trading cost ranges 0.02% respectively.
For Currency Futures Trading, the same cost range is applicable which is 0.02%.
Parasram Holdings also offers a dynamic brokerage fee for Equity Options Trading and Currency Options Trading ranging Rs 30 per lot and Rs 30 per lot respectively. The Margin money review is none.
Shri Parasram Holdings Other Charges
| SEBI Turnover Charges | 0.00005% (Rs.5/Crore) |
| STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | 18% |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | Rs 35 per instruction |
| Dematerialisation Charges | Rs 5 per certificate + Rs 25 per request |
| Pledge Creation | Rs. 59 per scrip |
| Pledge Invocation | Rs. 59 per scrip |
| Margin Pledge/Unpledge/ Pledge closure | Rs. 59 per scrip |
| Margin Repledge | Rs. 59 per scrip |
Shri Parasram Holdings levies 0.00300% as Transaction Charges which is slightly high compared to other companies.
However, the STT of 0.0126% on Total Turnover and SEBI Turnover Charges of 0.00005% on Total Turnover respectively, is more or less the same compared to other companies.
The Stamp Duty fee which varies from state to state and the GST of 18% will also be applicable. The final amount will be the aggregate value of the Transaction amount along with the brokerage fee of Parasram Holdings.
Please note that these additional fees will not affect the profit margin as these are very nominal fees.
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Shri Parasram Holdings Demat Account Opening Fees
| Trading Charges [One Time] | NIL |
| Trading AMC [Yearly] | NIL |
| Demat Charges [One Time] | NIL |
| Demat AMC [Yearly] | Rs. 885 for 10 years |
| Margin Money | 75% Margin |
| Offline to Online | Yes |
The traders need to pay ₹0 to open a Demat account with Shri Parasram Holdings. The AMC for Demat account is ₹885. For Trading Account, it is free to open and no additional AMC.
They offer 75% Margin money and don’t charge any profit margin from traders.
Shri Parasram Holdings Offers
| Free Demat Account | No |
| Free Trading Account | Yes |
| Discount on Brokerage | Yes |
| Trading Happy Hours | No |
| Flexible Brokerage Plans | Yes |
| 1 Month Brokerage Free | Yes |
| Holiday Offers | Yes |
| Referral Offers | No |
| Zero Brokerage for Loss Making Trades | No |
The Demat account operations are not free. However, they offer free Trading account operations. One lucrative offer for a new trader is 1-month brokerage free trading.
On top of that, they provide Flexible Brokerage Plans and special Discounts on Brokerage fee. Although they don’t offer Trading Happy Hours or Referral offers but compensate that with special Holiday Offers.
Parasram Holdings doesn’t provide any discount on brokerage fees if traders incur any loss.
How to Open a Demat Account with Shri Parasram Holdings?
Please check out the simple steps to open Demat Account with Shri Parasram Holdings:
- Click on green “Open An Account” below.
- Click fill up the information form & then click on submit.
- Once the trader fetches the credential from the email, they need to log in and upload all the necessary KYC documents – Aadhaar Card, PAN Card, Age Proof, Identity Proof, Address Proof and 1 Passport Size Photograph.
- Then a representative will call the traders for further verification of the submitted documents.
- The traders can proceed to trade after the successful KYC verification.
Why Open Shri Parasram Holdings Trading Account?
The traders must open a Demat account to trade stock, commodities or currency. Meanwhile, the traders will get some benefits for opening an account with Shri Parasram Holdings:
- The broker offers free Trading account along with free AMC.
- This stock broker provide a wide range of Stock trading services.
- They provide cutting edge trading platforms.
Get a Call back from Shri Parasram Holdings
Shri Parasram Holdings Products & Services
Here are the list of Products & Services provided by Parasram Holdings –
Products Offered by Parasram Holdings
| Equity Trading | Yes |
| Commodity Trading | Yes |
| Currency Trading | Yes |
| Options | Yes |
| Futures | Yes |
| Mutual Funds | Yes |
| Forex | No |
| Banking | No |
| SIP | Yes |
| Insurance | Yes |
Shri Parasram Holdings caters a variety of trading activities. They offer Equity Trading, Commodity Trading, Currency Trading, Options, Futures, Mutual Funds, SIP and Insurance activities.
However, they are yet to make their mark on Forex and Banking activities.
Parasram Holdings Service Offerings
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Acount | No |
| Intraday Services | Yes |
| IPO Services | Yes |
| Stock Recommendations | Yes |
| Robo Advisory | No |
| PMS | Yes |
| Trading Institution | Yes |
| Trading Exposure | Upto 5x |
Apart from Demat & Trading account activities, Shri Parasram Holdings also deals with Intraday Services, IPO Services and Stock Recommendations.
They have not initiated any 3-in-1 Account or Robo Advisory services yet. Parasram Holdings delivers up to staggering 10x Trading Exposer as they are a Trading Institution themselves.
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Parasram Holdings Research, Advisory and Stock Tips
| Fundamental Reports | Yes |
| Research Reports | Yes |
| Company Reports | Yes |
| Annual Reports | Yes |
| Company Stock Review | Yes |
| Free Stock Tips | Yes |
| IPO Reports | No |
| Top Picks | Yes |
| Daily Market Review | Yes |
| Monthly Reports | Yes |
| Weekly Reports | Yes |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
Shri Parasram Holdings delivers the following services to its trading associates:
- Broking house provides Fundamental Reports, Research Reports, Company Reports, Annual Reports & Company Stock Reviews.
- They provides Free Stock Tips, Top Picks, Daily Market Reviews, Weekly & Monthly Reports.
- They have Offline Advisors & dedicated Relationship Manager.
Shri Parasram Holdings Exposure or Leverage
| Equity Delivery | 1x |
| Equity Intraday | Upto 5x |
| Equity Futures | 1x |
| Equity Options | 1x |
| Currency Futures | 1x |
| Currency Options | 1x |
| Commodities Future | 1x |
| Commodities Option | 1x |
| Margin Calculator | Shri Parasram Holdings Margin Calculator |
Parasram Holdings offers standard exposers and leverage to its trading associates. They provide just 1x for Equity Delivery which is not industry standard by any means.
However, they offer 5x for Equity Intraday and 1x for Equity Options. They offer 1x for Currency Futures and 1x each for Equity Futures, Currency Options is 1x and Commodities is 1x.
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Shri Parasram Holdings Trading Platforms
Here are the various trading platforms provided by the broking house –
| Desktop Platform – Windows | Yes |
| Desktop Platform – Mac | Yes |
| Desktop Browser Platform | No |
| Mobile Site Platform | Yes |
| Android App Platform | Yes |
| iOS App Platform | Yes |
| Windows App Platform | No |
| Other Mobile OS Platform | No |
| Real time Updates | Yes |
| Portfolio Details | Yes |
| Online MF Buy | Yes |
| News Flash | Yes |
| Research Reports | Yes |
| Easy Installation | Yes |
| Global Indices | Yes |
| Stock Tips | Yes |
| Personalized Advisory | No |
| Interactive Charts | Yes |
| Live Markets | Yes |
| SMS Alerts | Yes |
| Email Alerts | Yes |
| Multi Account Management | No |
The broking house provide convenient Trading Platform to its trading associates:
Shri Parasram Holdings Trading Terminal
Shri Parasram Holdings offers an easy installation Desktop application which is available for both Windows and Mac users.
This robust application has some useful features like Real-time Updates, Portfolio Details and Online MF Buy.
Although it doesn’t support Multi-Account Management, but provide Live Market status and get the latest Stock Tips which makes gives decent user experience.
Shri Parasram Holdings Web Trading Platform
The broking house currently doesn’t provide web trading platform as of now.
Shri Parasram Holdings Mobile Trading App
The mobile application that Parasram Holdings delivers comes with all the features that are available in the desktop application.
The fact that it comes in both Android and iOS make it handier to use. The SMS and Email alerts are enabled, therefore, becomes more convenient in getting market notifications.
Shri Parasram Holdings Customer Care
| Dedicated Dealer | Yes |
| Offline Trading | Yes |
| Online Trading | Yes |
| 24*7 Support | No |
| Email Support | Yes |
| Chat Support | No |
| Toll Free Number | No |
| Branches | 428 |
Parasram Holdings delivers Dedicated Dealer support for 428 branches around India. They provide both online and offline trading to their trading associates.
No 24×7 support yet but the email support is quite active and reliable.
Shri Parasram Holdings Complaints and Feedback
Find the list of complaint against Shri Parasram Holdings –
| Lodged in BSE | 1 |
| Resolved in BSE | 1 |
| Lodged in NSE | 5 |
| Resolved in NSE | 5 |
| Percentage of No. of Complaints Received Against Number of Active Clients | 0.17 |
With so many years in operation, it is obvious to receive some complaints here and there. The Percentage of No. of Complaints Received Against Number of Active Clients is just 0.17%.
A total of 6 complaints have been issued. 1 from BSE and 5 from NSE. All 6 of them have been resolved, however.
Parasram Holdings Disadvantages
Like all other stockbroker company, Shri Parasram Holdings comes with some flaws too:
- The fact that Parasram Holdings don’t display any static brokerage fee percentage sometimes create suspicion.
- They offer low Commodity exposer or leverage ratio compared to its rival companies.
- The unavailability of the Web Trading Platform can be inconvenient for some trading associates as they might prefer browser over a desktop application or a mobile app.
Shri Parasram Holdings Conclusion
We will remember the name Shri Parasram Holdings for providing a wide range of quality stockbroking services.
There is a mix reaction with dynamic brokerage fees, but the subtlety in the services they provide is recommendable.
The trading platforms are well engineered; however, the lack of a Web Browser platform can be inconvenient for people who do trading via web browsers.
Overall, we can give a 3 out of 5 to Parasram Holdings.
Open Demat Account with Shri Parasram Holdings
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