Sushil Finance is one of the oldest full-service brokers serving the industry since 1982. A complete range of products & service offerings including NRI trading, free account opening, cutting-edge trading platforms, insightful research, and robust offline presence are the top trading highlights.
Established in 1982 with over 40 years of experience, Sushil Finance is one of the oldest stock broking houses in India. The broker is an active trading member of BSE, NSE, and MCX to offers to trade in equities, derivatives, commodities, currencies, and also provides IPO, mutual funds, insurance, and fixed-income products.
Open a free trading cum demat account online in just a few minutes and start trading in a wide range of asset classes. The stockbroker also provides NRI trading services in equities, IPOs, and mutual funds.
Sushil Finance has an excellent team of researchers to offer comprehensive research services with actionable insights including equity fundamental research reports on handpicked stocks across sectors, IPO research, mutual fund research, and market outlook reports.
The broker has strong network leverage of 375+ franchise offices and channel partners in 18+ states and 115+ cities all over the country to assist customers offline. Moreover, online services are offered across channels like web chat,
Let’s dig deeper into Sushil Finance Review 2023 to have a clear idea about whether to open an account with Sushil Finance or not.
Current promotion offer from Zerodha for InvestorGain Visitors:
Since Sushil Finance is a full-service broker, it charges a specified percentage of brokerage fees on the trading value in different segments. The particular pricing model charges high on higher trading volume or vice-versa.
The rate of brokerage is non-negotiatable and significantly higher, especially than popular discount brokers that work on a flat pricing model.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 300 PA|
Here we are comparing Sushil Finance with its 5 close competitors, who are currently market leader in brokerage industry.
|Broker||Sushil Finance||5paisa||Zerodha||Upstox||Paytm Money|
|Service Type||Full Service Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||.01 to .03||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||0.3% or 30 paisa||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.03% or 3 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.03% or 3 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 50 Per Lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||0.03% or 3 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||0.03% or 3 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Rs 30 Per Lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
Whether you are a resident in India or an NRI customer, you can open a 2-in-1 account with Sushil Finance full-service stockbroking organization. Check the important types of accounts offered by the broking house;
The stock broker caters to the requirements of NRI clients based in the UK, US, Middle East & Asia. The broker is providing NRI trading in shares, IPO, and mutual funds along with offering advisory services. They cannot trade in intraday, commodity, and currency futures & options segments.
An NRI can open NRE (Repatriable) or NRO (Non-Repatriable) – PIS account with any designated Indian Bank and adjoins it to open an NRI 2-in-1, Demat, and trading account with Sushil Finance.
Sushil Finance NRI Trading Features;
Open a free global investment account at Sushil Finance to invest in US-listed companies like Amazon, Tesla, Microsoft, Netflix, etc. The account enables residents to buy and sell global stocks and Exchange Traded Funds (ETFs) online. You can place a market order and limit orders on the platform. Investing in US stocks with Sushil Finance is pretty simple and convenient in just three simple steps;
Open an instant paperless trading and demat account at zero paperwork in just 10 minutes, and start trading in a wide range of financial product offerings.
Once the details are verified by Sushil Finance, you will receive your trading account login credentials including client ID/user ID and password.
Sushil finance offers different types of platforms for trading including a trading app, an investing app, an Aero browser-enabled web platform, and a power trade trading terminal. Thus, the trading platforms cater to everyone from beginner or new traders to advanced pro-level traders. Let’s find out the features of Sushil Finance Saveshare and Connect App and other platforms as follows;
For detail review of mobile app and download please visit Sushil Finance Trading Platform Review.
There are multiple customer touchpoints including telephone, web chat, email, and customer care units at offline branches. It has 375+ sub-brokers and partner offices in 115+ cities and 18+ states. Despite multiple channels, lack of personalization in the customer care services, and no turnaround time strongly recommend Sushil Finance improve its customer service mechanism to quickly resolve user queries in a quick time.
Having served the Indian brokerage space for the last 4 decades, the brokerage house stands out as one of the oldest stockbroking firms. Multiple product offerings, fundamental research, easy-to-use platforms, a dedicated app for trading & investment, NRI trading, etc. are the considerable reasons to open an account with Sushil Finance.
But if you are a beginner or first-time trader or investor, then you must be aware of the high brokerage charges. Further, despite 4 decades of experience, the broker lags far behind in terms of the number of active clients to just nearly 45,000.
Last updated on: 2023-08-21
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