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Sushil Finance Review 2024

Rated 3/5 by InvestorGain Team
Last updated on: 21-Aug-2023
Sushil Finance Review
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Sushil Finance Review 2024 - Quick Summary

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.

Sushil Finance Top Highlight for 2024

  • 40 years of trust.
  • Free account opening.
  • One-stop destination for all financial products.
  • Saveshare next-gen trading app.
  • Breakthrough equity and IPO research services.
  • Invest in 4,000+ US stocks on a global investing platform.
  • 375+ offices across 18+ states and 115+ cities.

About Sushil Finance

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.

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Current promotion offer from Zerodha for InvestorGain Visitors:

  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App

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Sushil Finance Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

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.

Sushil Finance Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 300 PA

Sushil Finance Brokerage Plan with closest competitors

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

Other Charges

  • Call & Trade Charges: NA
  • RMS Auto Square Off Charges: NA
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Sushil Finance Brokerage Charges.

Please refer unique and accurate Sushil Finance Brokerage Calculator

Type of Account offered by Sushil Finance

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;

Sushil Finance Demat & Trading Account

  • Sushil Finance is a CDSL depository participant to provide Demat account opening services to clients. Open a 2-in-1 (Demat + Trading) account now to trade and/or invest in shares, F&O, commodities, currencies, IPO, mutual funds, insurance, and fixed-income products. Also, get free equity fundamental research reports, and IPO research reports at Sushil Finance.
  • Does Sushil Finance offer a free account? Yes, you heard it right, the full-service brokerage firm charges zero fees on its demat & trading account. Further, it charges pretty low maintenance fees of just Rs. 300 per annum. But there are margin commitments and if you are a regular trader with the broker, you might get the benefits of waived AMC charges.

Sushil Finance NRI Trading Account

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;

  • Trade in shares listed on the BSE & NSE.
  • Invest in IPO and mutual funds.
  • Dedicated service desk for NRI clients.

Sushil Finance Global Investment Account

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;

  1. Set up a global account with the broker.
  2. Choose any US stock and ETF of your choice.
  3. Select the buy or sell order to place an order of your choice.
  4. Review the order and enter a security PIN code.
  5. Check your portfolio anytime online.

How to open Sushil Finance Account online?

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.

Steps to open Sushil Finance demat & trading account online;

  1. Head to the website and click on “Open an Account”
  2. Provide your name and mobile number, and tap on the “Proceed to e-KYC” option.
  3. Enter your PAN number and tap on the link Digi locker option to continue.
  4. Enter a valid aadhar number and OTP is sent to the registered mobile number.
  5. Fill out the basic details as enquired.
  6. Upload scanned digital copies of required documents.
  7. E-sign with aadhaar and that’s done!

Once the details are verified by Sushil Finance, you will receive your trading account login credentials including client ID/user ID and password.

  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Sushil Finance

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Sushil Finance Mobile App and Trading Platforms

Trading Platforms Rated 3/5

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;

Sushil Finance Saveshare Mobile App

  • Saveshare 2.0 is a free next-gen stock trading app by Sushil Finance to trade on BSE, NSE, and MCX. The pocket-friendly app facilitates trade on the go anytime anywhere with features like customized watchlists, powerful screeners & scanners, Pivot Watch, Market Heatmaps, multiple order types, easy trade execution, charting, stock fundamental health score, insightful portfolio, easy fund transfer & withdrawal, and set price alerts to stay updated. The fresh intuitive user interface of the app provides a rich user experience with advanced analytics.
  • The Saveshare mobile trading app is compatible across devices i.e., iOS, iPad, iPod, and Android.

Sushil Connect Mobile App

  • Sushil Connect App is an exclusive mobile app to manage your portfolio and investments on the go. View investor dashboard, and portfolio holdings, get research calls, and real-time trade confirmations, check stock health, apply for IPOs, and get all Back Office reports on the Sushil Connect Mobile App. The app has a customizable interface to enable users to choose their call preferences across intraday, derivatives, and currency segments.

Sushil Finance Aero Web Trading Platform

  • Sushil Finance Aero web platform runs on multiple browsers (Chrome, Firefox, Safari) on any device whether it be a laptop, desktop, or mobile phone. The lightweight web trading platform allows you to create personalized watchlists, get live-streaming price quotes, easy order placement, place after-market order, and have direct access to tips and research reports.

Sushil Finance Power Trade Desktop Trading Terminal

  • Trade with Power Trade desktop-based (exe) trading software specially designed for dynamic pro traders. The trading terminal has many advanced features including personalized watchlists, derivatives chains, advanced price alerts, EOD and intraday charts with technical studies, etc. The shortcut keys are available for faster order entry & execution. Download the Power Trade software on your desktop or laptop and trade at unmatchable speed.

For detail review of mobile app and download please visit Sushil Finance Trading Platform Review.

Sushil Finance Trading Pros

  • Trade on BSE, NSE, and MCX.
  • Trusted broker since 1982.
  • No account opening charges.
  • Web, app, and desktop-based trading platforms.
  • Equity research and recommendations.
  • Free call & trade.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • Robust offline presence with 375+ channel partners all over the country.

Sushil Finance Trading Cons

  • High brokerage fee on trading.
  • Average-rated trading platforms.
  • Poor customer support.

Sushil Finance Customer Care info

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.

NRI customers are also provided with a dedicated service desk at helpline number +91-22-40934038 / 71 / 73, (Monday to Friday: 10 AM – 6 PM), and mail the broker at [email protected].

Final thought about Sushil Finance

Rated 3/5 by 20 users

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.

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Last updated on: 2023-08-21

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Sushil Finance User Reviews

5. Sandeep May 20 2023 09:08:04 AM Reply
Too many hidden charges. High brokerage charges. Increasing the brokerage charges without informing the client.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
4. Komal Jadhav May 28 2018 12:27:50 PM Reply
Good customer service. Research Calls given by them are really good.


Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Above Average
3. manoj kumar Apr 02 2018 09:13:49 AM Reply
Dear sir,i want to take sub broker please guide me it..
2. zahoor ahmad May 29 2017 12:59:25 PM Reply
very reliable company


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
1. SANGITA May 26 2017 11:30:55 AM Reply
Please provide the contact details and office addresss of your branch at Himatnagar ( Gujrat )