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Shri Parasram Holdings Review, Brokerage Charges, Demat Account & more

Shri 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 Offers


Shri Parasram Holdings Customer Ratings & Review

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 ★★★☆☆
Total Client Reviews 152

 


About Shri Parasram Holdings

Company Type Private
Broker Type Full Service Broker
Headquarters New Delhi
Founder Ravinder Kumar Aggarwal
Established Year 1994

Parasram Holdings Established in 1994, Shri Parasram Holdings started its journey on the Capital city of India – New Delhi.

The founder – Ravinder Kumar 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.


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Shri Parasram Holdings Brokerage Charges

Equity Delivery Trading 0.2% – 0.4%
Equity Intraday Trading 0.02% – 0.04%
Commodity Options Trading 0.02% – 0.04%
Equity Futures Trading 0.02% – 0.04%
Equity Options Trading Rs.30 – Rs.50 per Lot
Currency Futures Trading 0.02% – 0.04%
Currency Options Trading Rs.20 – Rs.30 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.250 per Annum
Trading AMC Charges Free
Margin Money Zero Margin
Brokerage Calculator Shri Parasram Holdings Brokerage Calculator

Shri Parasram Holdings offers Demat account opening at just ₹200, whereas the Trading account is free to open. The AMC of Demat account is ₹250, whereas it is free for Trading account.

The cost of Equity Delivery Trading ranges between 0.2% – 0.4%. Equity Intraday Trading, Commodity Options Trading and Equity Futures Trading cost ranges between 0.02% – 0.04% respectively.

For Currency Futures Trading, the same cost range is applicable which is 0.02% – 0.04%.

Parasram Holdings also offers a dynamic brokerage fee for Equity Options Trading and Currency Options Trading ranging between ₹30 – ₹50 per lot and ₹20 – ₹30 per lot respectively. The Margin money review is none.


Shri Parasram Holdings Other Charges

Transaction Charges 0.00300%
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)

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 0.0002% 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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Axis Direct ICICI Direct Karvy Upstox

Shri Parasram Holdings Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Rs.200
Demat AMC Charges Rs.250 per Annum
Trading AMC Charges Free
Margin Money Zero Margin
Offline to Online Yes

The traders need to pay ₹200 to open a Demat account with Shri Parasram Holdings. The AMC for Demat account is ₹250. For Trading Account, it is free to open and no additional AMC.

They offer Zero 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.

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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 6X

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 6x 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 Upto 1X
Equity Intraday Upto 6X
Equity Futures Upto 2X
Equity Options Upto 6X
Currency Futures Upto 3X
Currency Options Upto 2X
Commodities Upto 2X
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 6x for Equity Intraday and Equity Options. They offer 3x for Currency Futures and 2x each for Equity Futures, Currency Options and Commodities.


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JM Financial Monarch Networth Capital Paytm Money Reliance Securities

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.


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