Shriram Insight Intraday Trading – Benefits, Process, Charges, Margin & moreLast Updated Date: Nov 19, 2022
Intraday Trading is a significant form of trading shares, and this article will focus on Shriram Insight Intraday Trading. Here you will find an in-depth discussion on the methods followed by the company for intraday trading.
Shriram Insight is one of the biggest full-service broker houses in the country. It was established in 1974 by the Padma Bhusan winner Sri Thiagarajan. The company has over 70,000 employees in its direct payroll, and 140,000 people work in the 2800 subsidiaries it has got.
Shriram Insight is serving more than 9 million employees at present and has got some of the premium financial services. It has got the perfect investment solution for all types of customers and takes complete care of their requirements.
This broker house has been the favourite of a large number of investors since its inception, and here we shall discuss some important details about it. In this article, we will discuss Shriram Insight Intraday charges, procedure, advantages, and margin.
Shriram Insight Intraday Trading & Benefits
There is a right amount of differences between intraday trading and regular trading, and it is known to all the investors. There are, however, many advantages that a client can avail of from a broker house through intraday trading.
Here we shall discuss the excellent benefits offered by Shriram Insights to its clients on choosing intraday trading. Go through the following points to learn those benefits properly.
- Shriram Insight offers a trading account for free of cost. It means that you can get your trading account created and start intraday trading without paying any charge. If you are a new investor, then you should surely take advantage of this feature of the broker house.
- A client can carry out Shriram Insight Intraday Trading very quickly from the various trading platforms the broker house maintains. These platforms are user-friendly and allow trading without any hassle.
- The broker house supports transparency in its work and informs the clients all the details of their transactions.
- All the clients can take help of the Shriram Insight Intraday Tips that are offered by the experts of the industry.
- There are flexible brokerage plans provided by the company that each and every client can avail of.
- Shriram Insight provides discounts on its brokerage charges which helps clients in many ways.
Open Shriram Insight Trading Account Now! – Fill up the Form
How to do Intraday Trading in Shriram Insight?
Many traders refrain from intraday trading, as it is not a very easy one. Only an expert can try his hands on intraday trading effortlessly as a lot of things need to be kept in mind in this trading method.
It is essential to study the market thoroughly and learn the trends of each share nicely for carrying out intraday trading flawlessly.
However, Intraday Trading in Shriram Insights is made quite easy, and any client can get it done without making much effort.
Here are some easy steps that a client needs to follow for initiating intraday trading with the broker house.
- At first, you will have to open a trading account with Shriram Insight. It can be done by filling up the account opening form presented below and submitting it. Then the executives from the company will take care of the rest of the process.
- After the trading account is created, the account ID and password will be sent to you. These data are fundamental and should be handled with privacy.
- Then you will have to log into your trading account by entering your User ID and password. You should also keep in mind to change the password of your account after logging with it to ensure its safety.
- After login into your account, you will find a massive list of shares from which you can choose the one you want to trade-in. You can also seek help from the advisory tips provided by the experts from the company. These tips will help you in making profitable deals.
- You can also prepare a watch list for your convenience that will only display the market situation of your chosen shares. It will help you focus on those shares better and monitor them very closely.
- Finally, you will have to trade in the stocks that you have chosen, and for this, you need to enter the Buy and Sell section of your account. There you will have to select the ‘Intraday Trading’ option and get started with unlimited trading.
Know more about other Intraday Trading Brokers
Shriram Insight Intraday Charges
This broker house does not have fixed intraday charges, and that varies with the situation. The Shriram Insight Intraday Charges are variable 0.03%.
A client can avail of any fee in this limit, and that will depend on the type of the transaction. There are some other charges and taxes that a client needs to pay, and they are mentioned below.
- Transaction charge on the whole transaction
- Shriram Insight Intraday Brokerage charge that will be calculated on the value of the purchase
- STT or Securities Transaction Tax as fixed by the government
- Stamp Duty that will depend on the state where the transaction is being carried out
- SEBI Turnover Charges as charged by SEBI
- GST on the total amount of transaction charge
|Shriram Insight Intraday Charges|
|Intraday Brokerage Charge||0.03%|
|Intraday Brokerage Calculator||Shriram Insight Brokerage Calculator|
Let us illustrate the above calculations with an example. Suppose you have bought 1000 shares at Rs.1.5 per share, and then your total holding will amount to Rs.1500.
Then you plan to sell it when the price of each stock rises to Rs.2.5. Your total earning will be Rs.2500 and the turnover will sum up to Rs.4000 giving you a profit of Rs.1000.
Now let us assume the transaction has taken place in Karnataka, and then the charges you will have to pay are:
- Brokerage charge: Rs.1.20
- STT: Rs.0.504
- SEBI Turnover charge: Rs.0.008
- Stamp Duty: Rs.0.120
- Transaction Charges: Rs.0.130
- GST: Rs.0.239
The total brokerage charge you will have to pay is Rs.2.201 and thus the profit made is Rs.997.799.
Shriram Insight Intraday Margin
Shriram Insight Intraday Margin is moderate, and clients can avail of certain advantages because of it. The limit is up to 5 times, and this is quite helpful for the clients who trade rigorously with the broker house.
|Shriram Insight Intraday Exposure|
|Intraday Margin Funding||Upto 5x|
|Intraday Margin Calculator||Shriram Insight Margin Calculator|
For example, if you have holdings of Rs.10,000, then you will be provided Shriram Insight Intraday Limits of up to Rs.50,000. The company will pay the excess for you, which you need to pay back after calculating the interest.
Find out Intraday Trading Details of other Stock Brokers
Shriram Insight Trading – Types
Shriram Insight Trading can be done using three different methods, and they are online trading, offline trading, and on-call trading.
There are brilliant trading platforms available for conducting Shriram Insight Online Trading effortlessly. You can also trade offline by visiting a branch of the broker house or call the executives for on-call trading.
The company is always available to help you purchase without any difficulty.
Shriram Insight Intraday Trading – Conclusion
After reading this review on Shriram Insight Intraday Trading, you must have understood how comfortable the broker house is to work with.
There are flexible broker plans along with discounts that will help new investors to a great extent. The broker house renders all types of help to its clients to ensure they earn the highest amount of profit.
Open Shriram Insight Trading Account Now! – Fill up the Form
Know in detail about Intraday Trading of other brokers
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