Sushil Finance Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Sushil Finance, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Overview

Sushil Finance is a Private company headquartered in Mumbai, Maharashtra which is founded in 1982 by Sushil N Shah. Sushil-Finance is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Sushil Finance work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Sushil Finance is an NSE and BSE-listed company with over Nil branches in India.

OverviewSushil Finance
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, Maharashtra
FoundersSushil N Shah
Foundation Year1982
Supported ExchangesNA
Total branchesNil

Sushil Finance Account opening charges

You need to open a demat account and a trading account, to start trading with Sushil Finance. So, to open a trading account with Sushil Finance, you need to pay a fee of Free. However, the trading annual maintenance charges of Sushil Finance are free. And Demat annual maintenance charges are Rs.300. There are also no fees for margin money or transfers from an offline to an online account. And Sushil Finance is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesSushil Finance
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.300
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyRs.15,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Sushil Finance Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Sushil Finance brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Sushil Finance This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Sushil Finance charges a brokerage fee of 0.03% per order.
  • Equity futures: The brokerage cost for equity futures is 0.03% as well.
  • Equity options: Sushil Finance charges a brokerage fee of Rs.30 per Lot for trading equity options.
  • Currency: Unleash your trading potential with Sushil Finance’s dynamic 0.03% charges.
  • Commodity: For commodity options trading, Sushil Finance charges a brokerage fee of NA.

Equity Brokerage Charges

Equity Brokerage ChargesSushil Finance
Equity Delivery Brokerage0.30%
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.30 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesSushil Finance
Currency Futures Brokerage0.03%
Currency Options BrokerageRs.25 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesSushil Finance
Commodity Options BrokerageNA

Sushil Finance Other Charges

  • Minimum brokerage charges: At Sushil Finance, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transaction.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00310% of Total Turnover is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Sushil Finance.
  • Call and trade charges: If you use call and trade service, the charges of Sushil Finance are NA.
Other Brokerage ChargesSushil Finance
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00310% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Sushil Finance Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Sushil Finance offers Upto 1x times leverage on equity delivery, Upto 5x times leverage on equity intraday, Upto 2x times leverage on equity futures, and Upto 3x times leverage on equity options.

Here is the leverage provided by Sushil Finance:

Equity LeverageSushil Finance
Equity DeliveryUpto 1x
Equity IntradayUpto 5x
Equity FuturesUpto 2x
Equity OptionsUpto 3x

Sushil Finance Currency Leverage

Sushil Finance also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 2x times and Currency Options Upto 3x times.

Currency LeverageSushil Finance
Currency FuturesUpto 2x
Currency OptionsUpto 3x

Sushil Finance Commodity Leverage

Sushil Finance offers Upto 2x leverage for commodity trading.

Equity LeverageSushil Finance
CommodityUpto 2x

Sushil Finance Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Sushil Finance gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

OffersSushil Finance
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Sushil Finance Features

  • Discount Broker:Sushil Finance, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transaction executed, regardless of trade category, size, or exchange. They also offer Upto 5x trading leverage.
  • Range of Investment Products: Sushil Finance is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Sushil Finance paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Sushil Finance differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Sushil Finance provides margin funding services. These can be used to make partial payments on cash segment transactions. Sushil Finance lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Sushil Finance provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Sushil Finance offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Sushil Finance is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Sushil Finance’s 0.03% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Sushil Finance provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Sushil Finance offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesSushil Finance
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 5x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo
BankingNo
InsuranceNo

Sushil Finance Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Sushil Finance offers research papers with the top recommendations, which are developed by industry specialists. On their website, Sushil Finance also offers annual reports, as well as daily market reviews and weekly reports.

ServicesSushil Finance
Fundamental ReportsYes
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsNo
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Sushil Finance Trading Platforms

To fulfil the various needs of its consumers, the Sushil Finance trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsSushil Finance
WindowsYes
MacYes
Desktop BrowserYes

Sushil Finance Mobile App

Sushil Finance offers mobile trading through the Sushil Finance app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppSushil Finance
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Sushil Finance Customer Support

  • Online trading support: Sushil Finance can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Sushil Finance offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Sushil Finance5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportSushil Finance
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches555

Sushil Finance Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 22 BSE complaints, of which 18 have been resolved, which amounts to 81.82 % in percentage terms. And, when it comes to NSE complaints, there are 29 of them, with 22 of them resolved, for a percentage of 75.86 %. And the percentage of BSE/NSE complaints resolved is 78.84 %

The table below highlights the complaints acquired by Sushil Finance.

BSE ComplaintsSushil Finance
BSE Complaints22
BSE Resolved Complaints18
Percentage of resolved BSE complaints81.82 %
NSE Complaints29
NSE Resolved Complaints22
Percentage of resolved NSE complaints75.86 %
BSE/NSE Complaint vs. Resolved Percentage78.84 %

Conclusion

In conclusion, Explore Sushil Finance’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Sushil Finance can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.