Shriram Insight is one of the biggest brokerage houses in the country with a considerable amount of popularity. The company has many branches across the nation and is known for its outstanding products and services.
Clients are provided with a lot of facilities on trading with them. This article is all about Shriram Insight Review and will help you in understanding the various policies of the company in details.
We have discussed here the brokerage charges, account opening charges, products, offers, services, account opening procedure, exposure, trading platforms, complaints, advantages, and ratings of the company. If you go through the whole review, then you will be able to trade with them better.
|Shriram Insight Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs.300|
|Margin Required||Rs.10,000 Minimum|
|Intraday Brokerage||0.05% -0.015%|
|Delivery Brokerage||0.15% – 0.50%|
What do you know about Shriram Insight?
Shriram Insight is a privately-owned company of India. It is a full-service broker house with headquartered in Kolkata, West Bengal. Shriram Insight was established in the year 1974 by Sri R. Thiagarajan. Shriram Insight Review states that the company has a wide range of innovative products and services. The brokerage house also levies a less amount of brokerage on their services.
|About Shriram Insight|
|Know few details about Shriram Insight|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of Company Located?||Kolkata, West Bengal|
|Who is the Founder of this Company?||Sri R. Thiagarajan|
|When did the company started?||1974|
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What are the various Demat Account Opening Charges levied by Shriram Insight?
Shriram Insight Demat Account is prevalent amongst the traders and has got numerous facilities. The company is a Depository Participant of both CDSL and NSDL. Shriram Insight Account Opening charge is only Rs. 300.
The AMC levied on Demat account is Rs. Three hundred as well, and the trading account of the broker house does not need any maintenance charge — an amount of at least the traders should maintain ten thousand as the initial margin with the company. Shriram Insight also provides the facility of dematerialization.
|Shriram Insight Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Shriram Insight|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs.300|
|How much is the Demat AMC?||Rs.300|
|What is the Trading AMC?||Zero|
|What is the initial Margin amount required?||Rs.10,000 Minimum|
|Is dematerialization available?||Yes|
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Does Shriram Insight provide any Offers to their Clients?
Yes, Shriram Insight provides some lucrative offers to its clients that are hard to find in many other broker houses. Apart from low brokerage charges, Shriram Insight offers several discounts on their brokerage.
The company provides free Demat and trading accounts to the clients. There is a provision for happy hour trading that the clients can take benefit of. Traders are equipped with the facilities of flexible brokerage plans. Clients get referral offers if they refer the broker house to any other trader.
|Shriram Insight Offers|
|Here are the various offers provided by Shriram Insight|
|Does the broker provide Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||Yes|
|Is the broking house provides flexible brokerage plan?||Yes|
|Does the broker offer 1 month Free brokerage?||No|
|Is the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||Yes|
|Zero Brokerage for Loss Making Trades||No|
What are the Brokerage Charges levied by Shriram Insight on various Segments?
It is an essential part of the whole review as you should know the brokerage charge of any company in details before trading with them. Here you will find all the Shriram Insight Brokerage Charges that will help you in trading in the future.
The company charges between 0.15% and 0.5% for equity delivery. The brokerage for equity intraday, commodity trading, and equity futures are in the range of 0.05% to 0.015% each. Charges levied on equity options are between Rs. 20 and Rs. 75 for a lot.
The broker house charges 0.05% to 0.015% for currency futures. They cost between Rs. 20 and Rs. 75 for a single lot of currency options. The broker house deducts a percentage of each transaction as the minimum brokerage requirement.
|Shriram Insight Brokerage Charges|
|Here you will find details of brokerage levied by Shriram Insight on all segments|
|What are the Equity Delivery Charges?||0.15% – 0.50%|
|What are the Equity Intraday Charges?||0.05% -0.015%|
|How much brokerage charged for Commodity Trading?||0.05% -0.015%|
|What is the brokerage on Equity Futures?||0.05% -0.015%|
|How much brokerage charged for Equity Options?||Rs.75 – Rs.20 per lot|
|What is the brokerage on Currency Futures?||0.05% -0.015%|
|What is the brokerage on Currency Options?||Rs.75 – Rs.20 per lot|
|How much is the Minimum Brokerage requires?||Percentage of Transaction|
|What is the Demat AMC?||Rs.300|
|How much is the Trading AMC?||Zero|
|What is the Minimum Margin Required?||Rs.10,000 Minimum|
Does Shriram Insight levy any other charges apart from Brokerage?
Yes, like any other broker house, Shriram Insight also levies additional charges other than the brokerage, but these charges are very less in amount. Shriram Insight Charges 0.003% of the total turnover as their transaction charge.
The STT charges levied by the broker house are 0.0126% of the total turnover. A very minimal cost of 0.0002% is applied as the SEBI turnover charge. The broker house charges a very less amount of fees as the stamp duty, which depends on the state the transaction is taking place. Shriram Insight levies a flat 18% GST on the brokerage and transaction charges put together.
|Shriram Insight Charges|
|Get deep understanding of all other charges levied by Shriram Insight|
|How much is the Transaction Charges levied?||0.00300% of Total Turnover|
|What are the STT charges?||0.0126% of Total Turnover|
|What are the SEBI Turnover charges?||0.0002% of Total Turnover|
|How much is the Stamp Duty levied?||Depends on State (very minimal)|
|How are the GST charged?||18% of (Brokerage + Transaction Charges)|
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What is the Limit or Exposure offered by Shriram Insight?
Shriram Insight Exposure on equity delivery is up to one time. The limit on equity intraday is up to 2 times. Leverage of up to one time is allowed on equity futures. Shriram Insight allows leverage of up to 2 times on equity options. The exposure on currency futures is up to one time. Shriram Insight Margin on currency options is up to one time, and that on commodity trading is also the same.
|Shriram Insight Exposure or Leverage|
|Here you will find the exposure or limit provided by Shriram Insight|
|How much is the limit on Equity Delivery?||Upto 1x|
|What is the limit on Equity Intraday?||Upto 2x|
|How much is the limit on Equity Futures?||Upto 1x|
|What is the limit on Equity Options?||Upto 2x|
|What is the exposure on Currency Futures?||Upto 1x|
|How much is the leverage on Currency Options?||Upto 1x|
|What is the limit on Commodity Trading?||Upto 1x|
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How to Open Shriram Insight Demat & Trading Account?
To Open Shriram Insight Demat Account and trading account, you will have to follow some obvious and simple steps. The whole procedure is effortless and can be completed online. Therefore you will not have to stand in a long queue and can save a lot of time. Instead, you can get it done from the comforts of your home using your computer or mobile phone. The step by step description of the account opening procedure is given below:
- Just scroll down the page, and you will find a button saying “Open Demat Account”, click on that
- As soon as you click on the button, A pop-up will come up.
- The Pop-up contains a form
- A form is available there that is meant for opening the Demat account, fill it up with accurate information
- After filling up the form you will have to submit it by clicking on the submit button
- You will also be asked for your important documents for KYC verification
- These documents are AADHAAR card, Voter Id card, Pan card, address proof, bank account statement, etc
- You will have to scan the original copies of these documents and upload them
- After uploading these documents the company will start the KYC verification
- Once your KYC is successfully verified, a representative of Shriram Insight will call you and help you complete the rest of the procedure that is left
- After all the things are done, your Demat account will get activated, and you can start with your trading
To Open Shriram Insight Trading Account you will have to repeat the same steps as mentioned above.
What are the various Trading Platforms provided by Shriram Insight?
Shriram Insight Trading Platforms are very famous amongst the traders because of their highly advanced features. The company has roped in the experts for designing its trading platforms.
Traders can get all types of information and facilities from these platforms that will help them in trading successfully. The company maintains three types of trading platforms that are mentioned below.
Shriram Insight Trading Terminal
The trading terminal operated by the company runs smoothly on both Windows and Mac computers. Shriram Insight Trading Terminal can be operated from a desktop or a laptop connected to the internet.
Shriram Insight Web-Based Trading Platform
The broker house operates a web-based trading platform that is very fast and reliable. It can be operated from both Mobile and PC. Any of the web browsers can be used to get access to the web-based trading platform of the company.
Shriram Insight Mobile Trading App
Shriram Insight Trading App can be operated from both Android and iOS devices. It is available in all the app stores and can be easily installed on the phone.
|Shriram Insight Trading Platforms|
|Here you will find all the important trading platforms available with Shriram Insight|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platform?||Yes|
|Do they have Mobile Web Platform?||Yes|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Shriram Insight Trading Applications?
All three trading platforms operated by Shriram Insight are extraordinarily innovative and exhibit multiple features. We shall discuss them in details below:
Shriram Insight Trading Terminal Features
- Clients can get real-times updates through it
- Shriram Insight Trading Terminal has a news flash
- Traders can buy mutual funds online through the trading terminal
- It is very easy to install
- The trading terminal is accessible for both Mac and Windows personal computers
Shriram Insight Web-based Platform Features
- It can provide real-time updates
- Shriram Insight Web Trading Platform has a news flash
- It is extremely user-friendly
- Stock tips are available here
- This web trading platform can provide interactive charting
- It can be accessed through any web-browser like Google Chrome, Internet Explorer, etc
Shriram Insight Mobile Trading App Features
- Clients can view their portfolio details through the Shriram Insight Trading App
- It provides real-time updates
- Traders can get updates of the live markets
- It can be installed easily in the Smartphones
- The app provides global indices
- Clients can get useful tips on stocks from this app
|Shriram Insight Trading Application Features|
|Here you will find various features available in Trading Platforms provided by Shriram Insight|
|Are these platforms capable of Real time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Are this software’s providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||No|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Do this software’s provide Personalized Advisory?||No|
|Are these platforms capable of Interactive Chartings?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||No|
|Are they providing Email Alerts?||No|
|Do these platforms has Multi Account Management solution?||No|
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What are the various Products provided by Shriram Insight?
The list of Shriram Insight Products is quite long. They offer to trade in equity, commodity, currency, options, and futures amongst others. The broker house also has Mutual Funds as a key product. Traders can buy insurance from Shriram Insight, and they are also allowed to SIP. The broker house does a thorough survey of each product before delivering them to their clients.
|Shriram Insight Products|
|Here are the various products provided by Shriram Insight|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading product available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||Yes|
What are the various Services offered by Shriram Insight?
There are various types of services that come under the list of Shriram Insight Services. The broking house provides services like Demat and trading to its clients. They also offer intraday services. Clients get the benefit of IPO services from the company. The broker house gives necessary stock recommendations to the traders. Shriram Insight provides a trading exposure of up to 2 times to its clients.
|Shriram Insight Services|
|Check out the various services provided by it|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||No|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 2x|
Does Shriram Insight provide Research & Advisory to their clients?
Yes, there are several types of research and advisory provided to each client by the broker house. The company shares fundamental reports with the clients. The company also shares Shriram Insight Research reports.
The broker house analyzes and shares IPO reports. Shriram Insight Tips on stocks is available for free. Clients are provided with the top picks, and they also get to view the daily market review. The broker house offers a weekly report to the traders. Shriram Insight Advisory is also available offline along with the facility of Relationship Manager.
|Shriram Insight Research, Advisory & Stock Tips|
|Here are the various research activities done by it|
|Does the broker shares Fundamental Reports?||Yes|
|Does the broker shares Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analysing Annual Reports of Companies?||No|
|Do they share Company Stock Review?||No|
|Are they sharing Free Stock Tips to their clients?||Yes|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||No|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Manager to clients?||Yes|
What are the Customer Care details of Shriram Insight?
Shriram Insight Customer Care provides dedicated dealers to clients. They allow online and offline trading to each trader. The broker house has a considerable number of branches across the nation, that is, 130.
|Shriram Insight Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated Dealer to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||No|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||130|
Are there any Complaints filed against Shriram Insight by their clients?
The total number of Shriram Insight Complaints that are lodged with BSE is 13, and with NSE the number is 18. However, the broker house has managed to resolve all the complaints, and currently, there are no pending ones.
|Shriram Insight Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||13|
|How many of these complaints have been Resolved in BSE?||13|
|What is the total number of Complaints Lodged in NSE?||18|
|How many of these complaints have been Resolved in NSE?||18|
What are the Advantages / Benefits of Shriram Insight Trading Account?
A Shriram Insight Trading Account has got more advantages than one which is summed up below:
- The company levies a less amount of brokerage on all its services
- A Demat account can be opened for a lower price with the broker house
- They have a wide range of products and services from which traders can benefit a lot
- The broker house provides various research and advisory services to the clients
- Shriram Insight maintains three of the very advanced trading platforms that are extremely easy to use
- The company offers a referral bonus to the clients
- They also provide several offers on brokerage fees
- The customer support team is very co-operating
- Clients can buy mutual funds through Shriram Insight
What are the Shriram Insight Review & Ratings as per their Customer?
Shriram Insight Ratings on stock market research and broking advisory is as high as 6.8 out of 10 points. 6.4 points have been received by their brokerage and other charges’ model. Products and services offered by Shriram Insight have fetched 6.6 points, and the trading platforms have got 6.5 points.
Experience of the broking firm has carried them 6.7 points. The company has earned an average rating of 6.6 points along with three stars. One hundred seventy-five people have contributed to this Shriram Insight Review.
|Shriram Insight Ratings & Reviews|
|We are looking at Companies Ratings on various parameters|
|Stock Market Research & Broking Advisory||6.8/10|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||6.4/10|
|Types of Products & Services the Brand provides||6.6/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||6.5/10|
|Experience in the Broking Business||6.7/10|
|Total Avg. Rating of Broking House||6.6/10|
|Star Rating of given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||175|
Shriram Insight Conclusion
We have tried to bring forth all the important details about Shriram Insight here. The company undoubtedly provides brilliant products and services to traders. Hope you will find this Shriram Insight Review useful in future while trading with the broker house.
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