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 Customer Ratings
|Products & Services||6.1/10|
|Brokerage Charges & Fees||6.2/10|
|Stock Research & Advisory||6.4/10|
|Total Client Reviews||298|
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.
|Broker Type||Full Service Broker|
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.
Mr. 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 Options||Rs 72 per lot|
|Currency Options||Rs 72 per lot|
|Minimum Brokerage||Percentage of Transacton|
|Demat AMC Charges||Rs.300|
|Trading AMC Charges||Zero|
|Margin Money||Rs.15,000 Minimum|
|Brokerage Calculator||Swastika 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 0.50% .
The rate on equity intraday and futures and also for commodities is between 0.10 and 0.03%. For the currency options, you need to pay Rs 72 per lot for trading one lot and Rs 72 per lot 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
|SEBI Turnover Charges||0.00005% (₹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: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.|
Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||NA|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 30 per instruction|
|Dematerialisation Charges||Rs 2.00 per certificate + Rs 30 for postage|
|Pledge Creation||Rs 60 per transaction|
|Pledge Invocation||Rs 25 per transaction|
|Margin Pledge/Unpledge/ Pledge closure||Rs 20 + Rs 12 per request (CDSL Charges)|
|Margin Repledge||Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip)|
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 0.00005%. 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
|Rs 0 (Free)|
|Trading AMC [Yearly]||Rs 0 (Free)|
|Demat Charges [One Time]||Rs 150|
|Demat AMC [Yearly]||Rs 295 with GST|
|Margin Money||Rs.15,000 Minimum|
|Offline to Online||Yes|
Opening Demat account of Swastika Investmart will cost you Rs. 150 which is a onetime fee. The yearly fee is charged annual maintenance of this Demat account which is Rs 295 with GST.
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
|Free Demat Account||Yes|
|Free Trading Account||Yes|
|Discount on Brokerage||No|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
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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|Narnolia Securities||Alice Blue Online||Astha Trade||Choice Broking|
|Zerodha||Anand Rathi||BMA Wealth Creators||Geojit 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:
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.
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
Swastika Investmart deals in every kind of financial products and thus the current Swastika Investmart products list includes:
- Fixed deposits
- Mutual funds
Swastika Investmart Services
|3 in 1 Acount||No|
|Trading Exposure||Upto 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|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
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 Delivery||1x (no margin)|
|Equity Intraday||Up to 6x (based on the stock)|
|Equity Futures||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Equity Options||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Currency Futures||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Currency Options||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Commodities||Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)|
|Margin Calculator||Swastika Investmart Margin Calculator|
The Swastika Investmart leverage level varies from segments to segments. The exposure is up to 1 times for equity delivery, commodities and currency futures and currency options.
It is up to 6 times for equity intraday services and 1.3 times for equity options. For the equity futures, it is up to 1.3 times.
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Swastika Investmart Trading Platforms
The various trading platforms available are –
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||Yes|
|Other Mobile OS Platform||Yes|
|Real time Updates||Yes|
|Online MF Buy||No|
|Multi Account Management||No|
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
|Support Number||0731 – 6644111|
|Toll Free Number||No|
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 BSE||22|
|Resolved in BSE||22|
|Lodged in NSE||31|
|Resolved in NSE||31|
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.
Get a Call back from Swastika Investmart
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