"Sushil Finance was started way back in 1982, one of the oldest stockbrokers in the country right now. Trust and values it has created over this span are remarkable but the hidden charges and non-transparency of brokerage charges are an area of concern."
Why Sushil Finance?
- The broker provides a wide variety of products and services: Equities, F&O, Currencies, IPO, etc.
- As other brokers charge for calling and trading, Sushil Finance does not charge anything.
- Extensive research involved for small and mid-cap stocks and the person gets the regular alerts on exiting and booking profit.
- Sushil Finance offers margins against shares.
- NRI support is also available.
- Various tools are offered by the broker for SIP in stock.
- 570+ Sub-brokers all across India in 227 different states.
- Provides extensive fundamental and technical research.
- More no. of branch office.
- Strong customer support service.
- Non-chargeable call and trade facility.
- Non- transparency in brokerage charges
- Extra fees included.
|Type of site||Financial Services|
|Headquarters||Mumbai , India|
|Key people||Sushil Shah, Ajay Shah, Viral P. Parikh|
|Products||Equity Trading, Derivative Trading, Currency Trading, Commodity Trading, Portfolio Trading Services, Investment Advisory, etc.|
|Services||Equities, Commodities, Currencies Trading, Online Trading, Mutual Funds, Insurance Broker|
|Company||Sushil Finance Services Pvt. Ltd.
Sushil Insurance Brokers Pvt. Ltd.
Sushil Capital Pvt. Ltd.
Sushil Global Commodities Pvt. Ltd.
One of the oldest broking firms in India, Sushil finance holds membership with BSE and NSE. Sushil Financial Services Pvt. Ltd. is amongst the most trustworthy brokerage firm, incorporated in 1982, offering services like trading in derivatives, equities, currencies, commodities, online trading, institutional equities, insurance, depository, MFs and IPO’s, NRI/QFI services and loan against shares.
The broker is empanelled with more than 50 financial institutions & banks, has 600 franchises across the country. In 2012, Sushil Finances has launched an independent company named Sushil Insurance Brokers Private Ltd. (SIPBL) to manage the insurance demand by the investors. The broker has efficiently utilized the low/ high risk taking abilities of its buyers.
The company has the PAN India presence in 227 cities with more than 570 branches serving 37,667 customers. The broker has a proper service provider base to hold a strong employee-customer relationship.
The organization is very particular about the transparency that is the sole reason they post all the statements clearly on their website. They are also known for their market research reports but all these reposts are being offered subscription basis where the individual has to pay for it and gets the quick update & reports. The broker provides a subscription for Portfolio manager which can keep a track on your investment in real time.
- CIN :U67120MH1991PTC063438
- Member: BSE/ NSE/ MSEI SEBI Registration No. - INZ000165135.
- DP ID: (CDSL) - IN DP CDSL 194-2002.
- Research Analyst - INH000000867.
- Mutual funds and IPO - ARN No.77875.
- MCX / NCDEX. SEBI Registration No. - INZ000025633
Customers Service options offered by Sushil Finance :
- Phone Number :
- Customer Support / Call & Trade :
- +91-22-40778083 / 86, +91-2232677047
- Call & trade:
- Account opening
- Email Support :
- Corporate Office :
Sushil Finances Services Pvt. Ltd.,
12, Homji Street Fort
Mumbai - 400001
- Active Client Details
- 37667+ clients.
Account Opening & AMC Charges
Sushil Finances charges a brokerage from the investors or the clients for opening a DEMAT/ Trading account. The brokerage is just minimal charge which has to be paid just one time for account opening and it depends on the broker that annual maintenance charge has to be implied or not. Given below are the charges:
|Type||Account Opening (One Time)||Annual Maintenance Fees (Yearly)|
|Demat Account||Rs.50||First year Free , Rs. 300 later on|
How to open the account with Sushil finances?
Everyone who wants to invest in one or the other way has to create an account with one or the other stock broking firms. For daily trading and regular transactions DEMAT/ trading account is necessary. Similar way one has to open a DEMAT account with Sushil Finances as well. Following are ways through which you can open the account with Sushil Finances:
- 1.Visit the branch:
An individual can go the nearest branch of Sushil Finances all across India, can fill a form for DEMAT/ trading account opening, submit it with other required documents to sub-brokers or the representatives.
- 2.Register online:
Easy and fastest method to open a DEMAT account is by going online to the website of Sushil Finances. The investor has to visit this page (https://www.sushilfinance.com/open-an-account), have to submit the basic details and within 15 minutes the process is completed and the investors can utilize it for trading facilities and also he can enjoy different features of the portal.
The Final Thoughts
Sushil Finance was started way back in 1982, one of the oldest stock broker in the country right now. Trust and values it has created over this span is remarkable. The transparency for details from company to the clients and the market, advancement in technology, systematic approach for providing service to their client is also phenomenal. But the hidden charges for DEMAT account opening for trading and its annual maintenance charge is something which no one can ignore. So when they talk about the transparency, they contradict their words and somewhere the trust issue comes into the picture. Now the decision is based upon you either to avail services form Sushil Finance of just opt for something else for trading.