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Sushil Finance Review by A Digital Blogger

Sushil Finance Review

Sushil Finance is an old full-service stockbroking house in India with its operations starting way back in 1982. Based out of Mumbai, Sushil Finance has a client base of just over a Lakh in India along with a presence in 225 cities of India. Being a full-service stockbroker, it has a franchise network of 684 across 20 states of the country.

Sushil Finance has running memberships with NSE, BSE, MSEI, MCX and NCDEX, thus, allowing its clients to use the following financial products and services:

  • Equity
  • Commodity
  • Currency
  • Mutual Funds
  • IPO
  • Institutional Equities
  • Insurance
  • Depository Services

More..

 

Trading Platforms

Sushil finance offers trading platforms across devices i.e. Desktop, web and mobile and clients can use the trading platform(s) based on their preferences. Here are the details:

PowerTrade

Power Trade is an EXE based file that can be downloaded and installed on the client's desktop or laptop. Mostly suitable for heavy traders, power trade comes with the following features:

  • Market watch allows you to monitor specific stocks across sectors
  • Shortcut keys for quick order placement and personalization
  • Conditional Tickers help you in performing quick analysis
  • After Market order placement feature allows you to place orders on your trades even after the stock market is closed.
  • Portfolio creation and management
  • EOD and intra-day charting with indicators
  • F&O Initial margin and calculator option

Savashare

Savashare is an HTML5 web-based trading platform where clients can directly login and start trading. There is no limitation on the kind of device used as this is a responsive trading platform. A lightweight application, Savashare web comes loaded with the following features

  • Integrated back office for reports
  • Market watch
  • Trading history with complete details on transactions made
  • After and Premarket order placements
  • Displays top gainers and losers along with most active securities

Savashare Mobile App

When it comes to the Savashare Mobile App, there is a lot that can still be improved. As per our research, the mobile app of Sushil finance lacks in a lot of aspects. But first let's talk about its features:

  • Market watch that can be customized as per user's preferences
  • Funds transfer across 40+ prominent banks of the country
  • Reports, tips and recommendations available
  • Charting feature with multiple chart types

 

More..

 

Sushil Finance Customer Service

The full-service stockbroker offers you the following channels of communication:

  • Phone
  • Web-form
  • Email
  • Offline branches

The approach towards solving customer concerns in quick time is missing. Yes, the queries are resolved but the turnaround time can be certainly improved. Similarly, the skill-set of the executives can be improved in terms of the knowledge about the products and services offered by the broker.

More..

 

Sushil Finance Research

As mentioned above, the stockbroker has been around for a while within the full-service space. Thus, it has been able to build a reputation for providing reasonable quality tips and research to its clients.

Some of the research the broker provides is as follows:

  • Equity
    • Intraday tips
    • Market Momentum
    • Investment reports
    • Future and Option Strategies
    • Weekly Monitor
    • General Reports
  • Commodities
    • Intraday tips
    • Market Momentum
    • Weekly Monitor
  • Currencies
    • General Reports
  • Mutual Fund
    • Advisory
    • Market Update

More..

 

Pricing

Talking about pricing, Sushil finance charges you are a percentage of the overall trade value as its brokerage. Here are the overall charges explained:

Sushil Finance Account Opening Charges

 

Sushil Finance Brokerage

 

Since Sushil Finance is a full-service stockbroker, it is going to charge a specific percentage of your trade value as brokerage. 

For example, if you are trading worth ₹1 Lakh in the delivery segment and the broker charges 0.1% as the brokerage in that segment - then you would end up paying ₹100 as brokerage for that particular trade itself. Such rates are pretty high, especially after the advent of discount stockbrokers.

You can also use this complete Sushil Finance Brokerage Calculator for detailed understanding.

 

For more understanding of the stockbroker along with complete Pricing Details, check this detailed Sushil Finance Review.

 

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