Sushil Finance Review, Special Offers, Demat, Trading A/C and Brokerage

Sushil Finance is, without a doubt, a trustworthy stockbroking company in India right now. First of all, let us discuss some noteworthy highlight of the company.

Established in the year 1982, the company is now a full-service stockbroker. They offer free Demat accounts; however, there are cases where they charge ₹300 per annum for its AMC.

The Brokerage fees are mostly within the range; for Intraday, it is 0.03%, and for Delivery, it is 0.30%. They offer up to 5x Trading Exposure, while the Margin money is ₹15,000.

Find detailed Sushil Finance Review below.

Sushil Finance Highlights
Broker TypeFull Service Broker
Demat Account AMCFree or Rs.300 per Annum
Margin RequiredRs.15,000
Intraday Brokerage0.03%
Delivery Brokerage0.30%
ExposureUpto 5X

Sushil Finance Offers


What do you know about Sushil Finance?

Before you jump into the conclusion of whether or not you should be associated with them, you should know more about their origin. Sushil Finance Broker is first and foremost, a private limited company since 1982.

That was the year the company was formed. Today, however, they have grown into a corporate giant, and you can say they are a full-service stockbroking company. Mr Sushil N Shah is the company founder, who has been the key influencer and motivator not only the company but also for the overall stock market.

The company headquarter is located in Mumbai from the beginning; and now, over 37 years of successful operations, they are undoubtedly one of the best stock trading companies in western India.

About Sushil Finance 
Know few details about Sushil Finance 
Which type of Company is it? – Public / PrivatePrivate
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Mumbai, Maharashtra
Who is the Founder of this Company?Sushil N Shah
When did the company started?1982

Open Demat Account Now – Fill up the Form Below

Fill up the details below

Choose a Service Open Demat Account

What are the various Demat Account Opening Charges levied by Sushil Finance?

There is some confusion related to the Sushil Finance account opening fee. Well, not the account opening fee, which is free of cost, but the AMC fee has some mysterious concepts. Sometimes, they charge ₹300 per annum as AMC, and there are cases where they don’t charge anything.

Our best guess, it should be based on the transaction volume. Meanwhile, the Trading account is free to open along with its AMC. You should also know that CDSL and NDSL are the Depository participants, while Dematerialization is also available here.

As discussed in the highlight section as well, the minimum margin money that you need to invest is ₹15,000.

Sushil Finance Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with Sushil Finance 
Which is the Depository Participant involved?CDSL & NSDL
What are the Demat account opening charges?Free
How much is the Demat AMC?Free or Rs.300 per Annum
What is the Trading AMC?Free
What is the initial Margin amount required?Rs.15,000
Is dematerialization available?Yes

Find out Brokerage Charges of other stock brokers

Bhumika ConsultancyPeerless SecuritiesIndia AdvantageVachana Investments
Bma Wealth CreatersPhillip CapitalIndianiveshVck Stock
Bonanza PortfolioPrabhat FinanceIndira SecuritiesVentura Securities

Does Sushil Finance provide any Offers to their Clients?

The Sushil Finance offers are often considered very limited. For starters, they offer free Trading account along with its AMC, while there is a fee to open a Demat account, and there is the AMC fee as well.

Yes, there are two significant offers they provide – Discount on Brokerage and Flexible Brokerage plans. But apart from that, they are quite vacant when it comes to delivering offers to their clients.

They don’t provide Happy Hour Trading, neither they offer 1-month Free Brokerage to new clients. What’s more shocking is they don’t even have a Referral Program. Therefore, expecting Holiday offers or Zero Brokerage for any unsuccessful trades would be foolishness. In short, they need to sort out this particular area and provide more to their clients.

Sushil Finance Offers
Here are the various offers provided by Sushil Finance 
Does the broker provide Free Demat A/C offer?No
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?No
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?No
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by Sushil Finance on various Segments?

The Sushil Finance Brokerage charges start with the obvious ones – Equity Delivery and Equity Intraday. Now, for the first one, its 0.30% and for the later, its 0.03%. One of the unexpected circumstances is the unavailability of Commodity Trading from their service list.

For Equity Futures, they charge 0.03%, which is reasonable. So is the Equity Options, for which they charge ₹30 per lot. While they charge 0.03% for Currency Futures, they charge ₹25 per lot for Currency Options.

Now, here is something interesting; the amount for the minimum Brokerage depends on the percentage of total transactions. Now, let us review some old information again. They charge ₹300 per annum for the AMC of the Demat accounts, whereas the Trading accounts are free to use, and the minimum Margin Money they want must be ₹15,000.

Sushil Finance Brokerage Charges 
Here you will find details of brokerage levied by Sushil Finance on all segments
What are the Equity Delivery Charges?0.30%
What are the Equity Intraday Charges?0.03%
How much brokerage charged for Commodity Trading?NA
What is the brokerage on Equity Futures?0.03%
How much brokerage charged for Equity Options?Rs.30 per lot
What is the brokerage on Currency Futures?0.03%
What is the brokerage on Currency Options?Rs.25 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?Free
What is the Minimum Margin Required?Rs.15,000

Does Sushil Finance levy any other charges apart from Brokerage?

The best way to start talking about the Sushil Finance charges is to discuss the Transaction fees they levy. It is 0.00310%, where it is calculated based on the total Turnover. Then there is the STT fee, which is 0.0126%, also calculated based on the total Turnover.

One final fee, which is also calculated on total Turnover is the SEBI Turnover, where they charge 0.0002%. However, this doesn’t conclude the additional fees section that you need to pay. There is the Stamp Duty fee which we can’t tell you an exact figure as it varies from one state to another.

Meanwhile, what we can tell you firmly is the GST fee, which is 18%. However, GST is calculated over the total Brokerage fee plus the total Transaction fee amount. One important note which we like to tell you is all these additional fees are mandatory. However, these fees will not vary your ultimate profit margin that much as these are very nominal amount.

Sushil Finance Charges
Get deep understanding of all other charges levied by Sushil Finance 
How much is the Transaction Charges levied?0.00310% 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)

Get all charges of various stock brokers

Bp EquitiesPravin RatilalInditrade CapitalVeracity Finance
C M Goenka Stock BrokersProgressive ShareIndus PortfolioVertex Securities
Capstocks SecuritiesPrudent BrokingIntegrated EnterprisesVrise Securities

What is the Limit or Exposure offered by Sushil Finance?

In most cases, people are disappointed with the Sushil Finance Exposure. It is really very shocking that they offer just up to 1x Trading Exposure for Equity Delivery. Even though they offer up to 5x Trading Exposure for Equity Intraday, rest of them seems bleak.

For Equity Futures, they offer just up to 2x, while for Equity Options they offer up to 3x. The Sushil Finance Margin for Currency Futures also seems miserable with only up to 2x Trading Exposure, so do the Commodity Trading with up to 2x. Finally, for Currency Options, they offer up to 3x Trading Exposure, which is no way close to what other companies deliver.

Sushil Finance Exposure or Leverage
Here you will find the exposure or limit provided by Sushil Finance 
How much is the limit on Equity Delivery?Upto 1X
What is the limit on Equity Intraday?Upto 5X
How much is the limit on Equity Futures?Upto 2X
What is the limit on Equity Options?Upto 3X
What is the exposure on Currency Futures?Upto 2X
How much is the leverage on Currency Options?Upto 3X
What is the limit on Commodity Trading?Upto 2X

How to open Sushil Finance Demat & Trading Account?

In order to do stock trading, it is integral to have three accounts. First, the Demat account, second, the Trading account, and third, the Savings account. You have to figure out the way to open a Savings account with any reputed bank nearby. What we will discuss is the way to open the Demat and Trading accounts online. So, here are the steps:

  1. The first obvious step is to click on the “Open Demat Account” button below.
  2. Then, you should get an online form that you must fill-up with appropriate information and sumbit.
  3. Then you need to wait till one of their representatives give you a call. Meanwhile, you must also tell them to open Sushil Finance Trading account as well, which they will surely oblige.
  4. Then, they will ask you all the necessary documents like your Identification proof, your Address proof, a Passport-sized Photo, and other relevant documents to complete the KYC.
  5. After they verify your KYC, they will provide you with the login details so that you can access your Demat and Trading account. You can start trading after that.

Open Demat Account Now – Fill up the Form Below

Fill up the details below

Choose a Service Open Demat Account

What are the various Trading Platforms provided by Sushil Finance?

When it comes to the trading platforms, Sushil Finance delivers services which far better than their competitors. So, here are the three platforms they offer:

Sushil Finance Trading Terminal

By Trading Terminal, they are referring to their Desktop Application. The good thing is the platform is available for both Windows and Mac users. The platform is built-in with all the basic and advanced features that a trader seeks to do seamless stock trading.

Sushil Finance Web Trading Platform

By Web Trading platform, they want to refer their web browser platform. Just like the Desktop application, this platform comes with all the essential features and functionalities. You can use Google Chrome, Mozilla Firefox, or even use Internet Explorer to access your account. The only drawback in this platform is the lack of mobile responsiveness feature. So, you will not be able to access your account using a mobile phone’s web browser.

Sushil Finance Mobile Trading App

Now, we all understand what a Mobile app trading platform is. It is a mobile app which is available in both Android and iOS. However, it is not available in backdated operating systems like Windows or Symbian. Like the other two platforms, this one also integrated with all the features required to perform seamless stock trading.

Sushil Finance Trading Platforms
Here you will find all the important trading platforms available with Sushil Finance 
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?No
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 Sushil Finance Trading Applications?

Here are the various Trading Platform Features –

Sushil Finance Trading Terminal Features

The Sushil Finance Trading Terminal or the Desktop application comes with the Easy Installation feature, to begin with. It also has necessary features like Real-time Updates, Portfolio Details, and Online MF Buy.

Sushil Finance Web Trading Platform Features

Similarly, the Sushil Finance Web Trading platform or what we know better as the browser version platform also has the same features. The likes of News Flash, Global Indices, and Interactive Chartings are all available.

Sushil Finance Mobile Trading App Features

Sushil Finance Trading App or we better understand as the Mobile App also contains all these features and functionalities in-built. It fetches live markets data and has necessary Email Alerts to keep the clients posted. However, in all these platforms, a few essential features are missing; such as Research Reports, Stock Tips, Personalized Advisory, and SMS Alerts.

Sushil Finance Trading Application Features
Here you will find various features available in Trading Platforms provided by Sushil Finance 
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?No
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?Yes
Do these platforms has Multi Account Management solution?No

Get detailed features of another Share Broker

Cd EquisearchQuantum Global SecuritiesIntime EquitiesWealth Discovery
Celebrus CapitalR Wadiwala SecuritiesInventure Growth SecuritiesWellworth Share
Choice BrokingRaghunandan CapitalIse SecuritiesWisdom Capital

What are the various Products provided by Sushil Finance?

It is time to discuss the Sushil Finance products in details. Let start with the obvious one – Equity Trading, followed by Currency Trading. One of the crucial products which is missing is Commodity Trading.

They also provide Options trading, Futures trading. Mutual Fund is in their product list, which is indeed a bonus, as there are a lot of stockbroking companies who avoid the service. SIP is yet another interesting choice of product which they provide. However, services like Forex, Insurance, and Banking are all unavailable from the list of products they provide to their clients.

Sushil Finance Products
Here are the various products provided by them
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?No
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?No

What are the various Services offered by Sushil Finance?

After knowing the product line, it is time to discuss the Sushil Finance Services. Let us do a quick recap on the Demat and Trading account that they definitely offer. However, they don’t provide 3-in-1 account that comprises of a Demat account, a Trading account, and a Savings account.

They are competent in delivering services like Intraday, IPO, and Stock Recommendations. At the same time, they don’t provide services like Robo Advisory and PMS. For those who don’t know that Sushil Finance is not a Trading Institution of its own.

Finally, they offer up to 5x Trading Exposure, which we believe is something they should improve as soon as possible.

Sushil Finance Services
Check out the various services provided by them 
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 5X

Does Sushil Finance provide Research & Advisory to their clients?

We will begin the discussion with the Sushil Finance Research services. They provide Fundamental Reports and Research Reports to their clients to keep them up to date with the stock market.

However, a few critical services are missing here as well – Company Reports, Annual Reports, and Company Stock Reviews. They compensate that with quality IPO Reports, Daily Market Review, and Weekly Reports.

However, no Monthly Reports amidst that. Now, let us know about Sushil Finance Tips. They provide quality Stock Tips which are free and suggests Top Picks Stocks as well. The Sushil Finance Advisory services are decent enough with two main services – Offline Advisory and Relationship Manager.

Sushil Finance Research, Advisory & Stock Tips
Here are the various research activities done by them
Does the broker shares Fundamental Reports?Yes
Does the broker shares Research Reports?Yes
Do they provide Company Reports to their clients?No
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 Sushil Finance?

To start talking about the Sushil Finance customer care service, we should first know that they operate stock trading activities from 555 branches, which are spread all around India. They offer customer care service via Dedicated Dealers.

The centre of attention is their 24×7 support service, which honestly, very few stock trading companies deliver. They provide services to both Offline and Online users. Meanwhile, there are grievances for the unavailability of the Email Support and Chat Support among the clients.

Sushil Finance 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?Yes
Does this broker provide Email Support?No
Is this broker having Chat Support?No
How many Branches the stock broker has?555

Are there any Complaints filed against Sushil Finance by their clients?

One of the compelling factors about Sushil Finance is how gracefully they have managed company operations. One of the prime examples is the Sushil Finance complaints that have been filed. We have discussed that the company is over 37 years old.

So, the fact that only 22 charges have been lodged against them from the BSE is really incredible. They also follow it up with just 29 complaints from the NSE in all these years. What’s more fascinating is they have resolved 18 out of 22 issues and 22 out of 29 issues prominently. This proves that their clients trust the services they offer and mostly satisfied.

Complaints
Here you will know about the Complaints lodged against them
What is the total number of Complaints Lodged in BSE?22
How many of these complaints have been Resolved in BSE?18
What is the total number of Complaints Lodged in NSE?29
How many of these complaints have been Resolved in NSE?22

What are the advantages & benefits of Sushil Finance Trading accounts?

If you are seriously considering opening a Sushil Finance Trading account, it is advisory to know and understand the pros and cons. Let us discuss the pros first.

The Trading platforms are rumoured to be one of the best in the industry and the overall fees structure is mostly within the budget. However, their overall experience is what makes them so accessible and reliable.

Now, about their cons; the Trading Exposure they offer is the biggest disappointment, and probably they should include Commodity trading as well, which is currently missing.


What are the Sushil Finance Review & Ratings as per their Customer?

Finally, it is time to discuss the Sushil Finance review system. For their Research & Broking Advisory, they have got a deserving 6.1 out of 10, which we consider ‘ok’. Moving on to the Brokerage & other charges, they have received 6.2 out of 10. We too believe it is deserving as the rates are neither high nor too low.

Now, about their Products & Services, they have got 6.4 out of 10, which is a very good score considering most of their rival companies are providing. Then there are the Trading Platforms; they have got 6.1 out of 10, which we believe is an excellent score.

Their overall experience is their greatest asset, and no doubt people love it. They have rated 6.5 out of 10. So, with all thing considered, they have scored 6.3 out of 10, which is believe is a score of a trustworthy stockbroking company that you should totally be associated with.

Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory6.1/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.6.2/10
Types of Products & Services the Brand provides6.4/10
Performance Mobile App, Trading Terminal & Web Trading Platform6.1/10
Experience in the Broking Business6.5/10
Total Avg. Rating of Broking House6.3/10
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings149

The Conclusion

We have mentioned all the major points in this article. So, if you raise a question of whether or not you should be associated with them, we believe you should definitely consider them with a positive mindset. They are experienced, and most of the time, they live up to their commitments and expectations.


Open Demat Account Now – Fill up the Form Below

Fill up the details below

Choose a Service Open Demat Account

Leave a Reply

++++++++++++++++++++++++++++++++++++++++++++++++++++++597DEMAT%%%%%%%
Get 90% Discount on Brokerage Now! Open Demat Account
×

Share your details & Become Sub Broker Now!



Choose Service
Open Demat Account

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!



Choose Service
Open Demat Account

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!



Choose Service
Open Demat Account

Offer valid for limited time.

×

Share your details & Invest in PMS Now!



Choose Service
Open Demat Account

Offer valid for limited time.