Swastika Investmart Review, Brokerage Charges, Demat A/C & more

Swastika Investmart embarked on its journey from the year 1992 as a full-service broker and it was then named as Swastika Fin-Lease Ltd. This article will provide the details about this brokerage house as a Swastika Investmart brokerage review.

This article will take you through all the important about the company which you must know as an investor. The article discusses the company profile to the kinds of products and the trading platform it provides and all other details that you would want to know.

Swastika Investmart Offers


Swastika Investmart Customer Ratings

Customer Ratings
Experience6.4/10
Products & Services6.1/10
Brokerage Charges & Fees6.2/10
Stock Research & Advisory6.4/10
Trading Platforms6.8/10
Overall Ratings6.4/10
Star Ratings★★★☆☆
Total Client Reviews298

Swastika Investmart Overview

As a financial service company, its services are not only restricted to stock broking rather it has an array of various financial services which we will discuss in the later part of the article.

Overview
Company TypePublic
Broker TypeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderSunil Nyati
Established Year1992

The company was incorporated in the 1992 and it got listed as a public limited company with the name it has now that is Swastika Investmart in the year 1995 on BSE.

Swastika InvestmartMr. Sunil Nyati founded the company with a lookout to venture into the financial sector. It started its business as a lease finance company and in the year 1998, it first started to share broking services.

Stock Broker is having its headquarter in Mumbai and in Indore it has its administrative office. The company has an active client base of 65000 and more as of now and it owns 100 branches across the country in different cities.

The company also has a network of more than 700 business partners and sub-brokers in the country.


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    Swastika Investmart Brokerage Charges & Fees

    Brokerage Charge & Fees
    Equity Delivery Trading0.15% – 0.35%
    Equity Intraday Trading0.020% – 0.050%
    Commodity Options Trading0.020% – 0.050%
    Equity Futures Trading0.020% – 0.050%
    Equity Options TradingRs.75 per lot
    Currency Futures Trading0.020% – 0.050%
    Currency Options TradingRs.50 per lot
    Minimum BrokeragePercentage of Transacton
    Demat AMC ChargesRs.300
    Trading AMC ChargesZero
    Margin MoneyRs.15,000 Minimum
    Brokerage CalculatorSwastika Investmart Brokerage Calculator

    The brokerage charges of Swastika Investmart is flexible and depends on the margin money that one keeps with the company for trading. The brokerage charges for the Equity Delivery segment starts from 0.15% and it can go up to 0.35%.

    The rate on equity intraday and futures and also for commodities is between 0.02% and 0.05%. For the currency options, you need to pay Rs. 50 for trading one lot and Rs. 75 for equity options.

    The brokerage charges are varying because of the marginal money requirements. It depends on the amount of margin money you have in your trading account.

    The more margin money you keep in your account, the less brokerage you have to pay on your transactions.


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    Swastika Investmart Other Charges

    Other Charges
    Transaction Charges0.00315% of Total Turnover
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    The transaction charges of Swastika Investmart is 0.00315% of the transaction the GST is charged at 18% taking both brokerage charges and transaction charges of a transaction.

    The other charges are 0.0126% as STT charges and SEBI turnover charges are at 0.0002%. Apart from these charges, there is stamp duty that you have to pay according to the state you are trading from.


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    Swastika Investmart Demat Services

    Demat Services
    Depository SourceCDSL & NSDL
    Account Opening ChargesRs.550
    Demat AMC ChargesRs.300
    Trading AMC ChargesZero
    Margin MoneyRs.15,000 Minimum
    Offline to OnlineYes

    Opening Demat account of Swastika Investmart will cost you Rs. 550 which is a onetime fee. The yearly fee is charged annual maintenance of this Demat account which is Rs. 300.

    The trading account is free and there is no such AMC levied on it. The margin money we talked about in the above section of this article is Rs.15000 as the minimum.

    If an investor keeps the minimum margin money he will is pay the highest percentage of the brokerage as mentioned above and vice versa.


    Swastika Investmart Offers

    Offers
    Free Demat AccountYes
    Free Trading AccountYes
    Discount on BrokerageNo
    Trading Happy HoursNo
    Flexible Brokerage PlansYes
    1 Month Brokerage FreeNo
    Holiday OffersNo
    Referral OffersNo
    Zero Brokerage for Loss Making TradesNo

    The Swastika Investmart offers are –

    • The company offers a free trading account, there are no charges levied on opening the trading account, it is opened for free with your Demat account.
    • The brokerage plan is flexible. You can lower your brokerage charges by paying high margin money.

    To know about offers of other stock brokers check below

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    ZerodhaAnand RathiBMA Wealth CreatorsGeojit Finance

    How To Open A Demat Account With Swastika Investmart?

    The Swastika Investmart Demat Account opening process is simple and time efficient. They provide two-way account opening facility which includes online and offline account opening.

    Swastika Investmart Online Demat Account Opening Process

    • Click the Open Demat Account button below & Fill the Online Application Form.
    • You will receive a call & message from Swastika Investmart.
    • The message will have a link for Online Account Opening
    • Then you have to upload all the documents asked for the verification PAN, AADHAAR, Voter ID, and Address proof are basic documents that are required in the Demat account opening. You have to scan the documents and upload. You can also mail them if any mail id is provided on the site or on the application form.
    • Then you will get confirmation if your documents and application has been approved.
    • Along with the confirmation mail, you will also receive the login details into your account.

    Open Demat A/C in Offline mode with Swastika

      • You have to find out the nearest branch of Swastika Investmart in your city.
      • Visit the branch, get a Demat account opening form and fill it with mandatory details. Check all the details are correctly written or not.
      • Submit the form along with the documents they ask for like PAN, AADHAAR, and others as mentioned above as well.
      • Once the KYC process is completed you will be given your login details to your Demat account.
      • You can start trading from your home/office anywhere.

    Why Open A Trading Account With Swastika Investmart?

    There are some strong reasons to trade with this brokerage house which are as follows:

    Transparent Services:

    The firm provides products and services without hiding any details from the customer about the services and the product. You can get all the details about investing your hard earned money with this company.

    Long and Wise Journey:

    The company started from scratch and made it to where it is now and that is why it knows the ups and downs of the business and also advises the clients accordingly.

    It understands the market and the clients and then suggests products and services to them not without evaluating them.

    The abundance of services:

    You can get all the financial services under one roof. They are into stockbroking, currencies, commodities, institutional broking, and many others. There are also opportunities for arbitrary trading with Swastika Investmart.

    Integrated research services:

    The company’s research team and their timing are appropriate and they dedicate themselves into finding the best opportunities for the customers.

    They provide fundamental to technical all kind of analysis that the customers want and require for trading.

    Updated technology:

    Every platform they use and provide for trading to the clients and internal technology they use are very advanced and can be referred to as one of the nest in the market.

    The company does not compromise with their technology and that is why hires the best brains in the country from IITs and another top engineering institute.


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      Swastika Investmart Products & Services

      Various products & services of the stock broker are –

      Swastika Investmart Products

      Products
      Equity TradingYes
      Commodity TradingYes
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPYes
      InsuranceNo

      Swastika Investmart deals in every kind of financial products and thus the current Swastika Investmart products list includes:

      • Equities
      • Derivatives
      • Commodities
      • Currencies
      • Fixed deposits
      • Mutual funds

      Swastika Investmart Services

      Services
      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsYes
      Robo AdvisoryNo
      PMSYes
      Trading InstitutionNo
      Trading ExposureUpto 6x

      The Swastika Investmart services include Depository services, portfolio management services, investment advisory services, IPO services and financing, merchant braking services, it provides in-depth technical and fundamental analysis services and advisory services along with it.

      There is also non-banking financial institutional services.


      Swastika Investmart Research & Advisory

      The research team of Swastika Investmart is quite experienced and prudent in their research and advisory services. They provide fundamental reports of the companies, research reports on stocks and other assets in the financial market.

      Research & Advisory
      Fundamental ReportsYes
      Research ReportsYes
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewYes
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksYes
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      The company stock review is also generated by the company and circulated amongst the clients.

      It provides all kinds of reports whether it is monthly, weekly or daily, the research team tracks and analyze the market every second and shares the information with clients and customers.

      This is to ensure that the customers and the clients get the best opportunities to invest and earn from the market. The company also provides certain free stock tips and it creates the list of top performing shares for the day which can reap great profit – top picks of the day.

      The company also provides relationship management services for getting any information about the market and for all time support for trading.


      Swastika Investmart Exposure/ Leverage

      Exposure / Leverage
      Equity DeliveryUpto 2x
      Equity IntradayUpto 6x
      Equity FuturesUpto 3x
      Equity OptionsUpto 5x
      Currency FuturesUpto 2x
      Currency OptionsUpto 2x
      CommoditiesUpto 2x
      Margin CalculatorSwastika Investmart Margin Calculator

      The Swastika Investmart leverage level varies from segments to segments. The exposure is up to 2 times for equity delivery, commodities and currency futures and currency options.

      It is up to 6 times for equity intraday services and 5 times for equity options. For the equity futures, it is up to 3 times.


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      Swastika Investmart Trading Platforms

      The various trading platforms available are –

      Trading Platforms
      Desktop Platform – WindowsYes
      Desktop Platform – MacYes
      Desktop Browser PlatformYes
      Mobile Site PlatformYes
      Android App PlatformYes
      iOS App PlatformYes
      Windows App PlatformYes
      Other Mobile OS PlatformYes
      Real time UpdatesYes
      Portfolio DetailsYes
      Online MF BuyNo
      News FlashYes
      Research ReportsNo
      Easy InstallationYes
      Global IndicesYes
      Stock TipsNo
      Personalized AdvisoryNo
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsNo
      Multi Account ManagementNo

      Swastika Investmart Trading Terminal:

      The firm provides ODIN platforms for desktop-based This software can be downloaded from the Swastika Investmart’s site and then you can use it for trading. The features of this software are –

      • Allows You To Trade Across various segments
      • You can trade all the products that the firm has through this one platform only
      • The trading terminal has well-advanced risk management system
      • It has a very user-friendly interface that makes trading smooth and easy
      • This terminal has real-time charts, order management system
      • There is an option for cover orders, bracket orders.

      Swastika Investmart Web-based Platform:

      • It can be used across various browsers
      • There are no such huge system requirements to use this platform
      • You can set alerts for your trades
      • Trade across segments
      • It also has real-time monitoring of the market
      • Transferring fund is easy with this platform.

      Swastika Investmart Mobile App: JustTrade Mobile Trading App

      It is known as Justrade Mobile App which is a very easy application to use and provides ease in trading.

      • It is a very fast user-friendly application
      • You can trade across different segments on this application
      • Provides market watch facility, news updates
      • Real-time updates are available
      • The application supports intraday charts as well.
      • You can track your margin money using this app, holdings, net positions, order book, and your complete portfolio.

      Swastika Investmart Customer Support

      Customer Support
      Dedicated DealerYes
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Support Number0731 – 6644111
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches20

      The firm has a great customer care service via its customer care experts who are not only well trained but also well experienced. You can reach out to the customer care services by calling, chat platform, email or by visiting the branch.


      Swastika Investmart Complaints (Current Year)

      Complaints (Current Year)
      Lodged in BSE22
      Resolved in BSE22
      Lodged in NSE31
      Resolved in NSE31

      Last year, on BSE, Swastika Investmart received 22 complaints and 31 on NSE. These complaints were regarding different issues but all of them were sorted.

      The percentage of complaints was only .02% of the entire active client base of the company.


      Swastika Investmart Disadvantages

      • It needs to upgrade its trading platforms and introduce the new features
      • It doesn’t provide any holiday offers or discount on brokerages
      • The brokerage charges are quite high for a few of the segments like equity options if compared to the peers.

      Swastika Investmart Conclusion

      It is one of the recognized share broker and a financial service company in the country and it earned its recognition through hard work and it is continuing to do.

      There are a few things which can better for the well-being of the business and the customers as well.


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