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Shriram Insight Review – Services, Brokerage Charges, Margin, Demat Account, Platforms, Research Reports & More

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Shriram Insight Review

Page Contents Table

Shriram Insight is India’s one of the oldest full-service stockbroker. It started offering its services in the year 1974. The brokerage firm holds its registered office in Chennai (Tamilnadu) and corporate cum operational office in Kolkata (West Bengal).

The director of Shriram Insight is Mr P.D. Karandikar. Currently, the financial firm offers its services in around 200 cities of the country with covering more than 700 popular locations.

As per the company’s revenue size and business planning model, the offline coverage is the best part it can offer to its clients. Even they offer vastly profitable business schemes for interested individuals as the Shriram Insight franchise.

Considering the active client base of Shriram Insight in the year 2019 – 2020 is around 30,619 across all major cities. Moreover, the overall client base is nearly 1,85,000.

The broker is a certified, licensed member of NSE, MCX, CDSL, NSDL, BSE, and RTA. It allows its customers to trade and invest in the following segments:

  • Equity Trading
  • Commodity Trading
  • Future Trading
  • Margin Trading
  • Depository Services
  • Derivative Trading
  • Financial Products And Its Distribution
  • Mutual Funds Investments
  • ETFs
  • IPOs
  • Fixed Deposits
  • Currency Trading
Shriram Insight Review
Shriram Insight Review

Shriram Insight Trading Software And Platforms

The full-service broker offers a variety of trading platforms across different trading segments. The detailed information is given below:

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Shriram Netpro Desktop – The Desktop Trading Platform

Netpro Desktop is the official Application based trading platform of Shriram Insight. It can be downloaded and installed on your desktop computer or laptop. It comes with .exe file extension and can be installed like any other software out in the market.

Some of the best features of Shriram Net pro Desktop are given below:

  • The dashboard is specially designed to display streamlined real-time market data, gain loss and MTM information.
  • Users can manage multiple personalized market watchlists within the trading platform.
  • It includes the intraday charting facility for a useful analysis of both technical and fundamental trading. 
  • Investment in mutual funds and fixed deposits are allowed.
  • Trade alerts and notifications are pushed via Email or SMS.
  • Offers easy access to research products and recommendations across all trading segments including industries and indices.

Shriram Netpro Browser – The Web-Based Trading Platform

The web-based Shriram Insight Netpro Browser is the lightest trading terminal to offer a variety of investment products across all trading segments. The terminal is super smooth and responsive and can be used via all types of devices, including mobile and tablet devices also.

Here are some essential features of the web-based terminal:

  • Order placement across multiple trading segments is allowed within the terminal.
  • It runs on every device without any high-end configuration demand. That means you can use it on your primary machine using any of the web browsers available.
  • Apart from the mainstream, trading products the terminal avails it, users, with mutual funds and IPOs.
  • Easy portfolio monitoring for checking balances, intraday valuations, etc.
  • Comprehensive market research reports, including industry sectors too.

Shriram Netpro Mobile – The Mobile-based Trading Platform.

The official mobile trading application of Shriram Insight named Shriram Netpro mobile. It is a direct mobile trading application meant for quick and easy trade and deals with other financial stuff and investments.

The placement and management of trades are made so simple with an innovative interface to function flawlessly on any android based mobile devices.

Let’s check out some best mobile trading features:

  • Smooth order placement and execution
  • Customized charting option for both technical and fundamental analysis.
  • Provision to add multiple market watch lists  with more than 20+ scrip addition in each market watch lists
  • Portfolio management services
  • Easy and fast fund transfers

Shriram Insight Research Report And Advisory Trading Tips

The full-service brokerage firm offers a vast range of research reports including both for technical and fundamental products and its services. It provides strong assistance to its customers to trade effectively across all different trading segments:

Here is the list of research reports the brokering firm offers:

Research Reports On Equities

  • Daily roundup reports
  • Weekly roundup reports
  • Monthly research reports
  • Special trade reports
  • Special quarterly reports
  • Economist based research reports

Research Reports On Commodities

  • Daily roundup reports on commodity trade
  • Weekly research reports
  • Special commodity reports

Mutual Funds Investments Research Reports

  • Weekly mutual fund reports
  • Monthly reports for investments

Shriram Insight Customer Care, Support and Office Addresses

The full-service stockbroker offers multiple channels for its clients to communicate with the customer support service team. 

Here are the channels mentioned below in the list:

  • Via Emailing
  • Over phone call
  • By SMS/ Messaging
  • Offline based Shriram insight branches 
  • Web form-based support
  • Via FAX service

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Customer Care Numbers, Addresses, and E-Mail ids.

Registered OfficeMookambika Complex,4 Lady Desikachary Road,
4th Floor, Mylapore,Chennai-600004
Corporate OfficeShriram Insight Share Brokers Ltd
Admin Office: CK-5 & CK-6,
Sector-II, Salt Lake City,
Kolkata-700 091
Shriram insight customer care number+91 7604089448
+91 7604082779
033 23349779
SMS Support+91 7527006577
+91 9674724000
FAX No.033 23218429
Helpdesk Email ID[email protected]

Shriram Insight Customer Ratings

Here is the rating of the brokerage firm based on customer reviews and trading experience.

SegmentsRating
Brokerage charges and Pricing65 out of 100
Trading Platforms70 out of 100
Research Tips55 out of 100
Exposure60 out of 100
Customer Support45 out of 100
Overall Rating59 out of 100

Shriram Insight Prices and Charges

While considering the pricing and charges of Shriram insight share brokers limited the structure varies with the margin money opted and sometimes on your negotiation skills. Here are all the different charges details mentioned below:

Shriram Insight Account Opening Charges

Trade is only done with the help of a DEMAT And Trading Account. Every brokerage form charges certain account opening fees from its clients. Here are the charges mentioned below:

SegmentsAccount Opening Charges
(Trading + DEMAT) Account Opening ChargesRs. 300 (One Time)
Trading Account (AMC)Rs. 0
DEMAT Account (AMC)Rs. 300
Minimum Margin MoneyRs. 10,000

The broker charges Rs.300 for the opening of DEMAT and Trading Accounts. However, the AMC for trading and DEMAT Account is Rs. 0 and Rs. 300 respectively. The minimum margin money for Trading is Rs. 10,000.

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Shriram Insight Brokerage Charges and Plans

The brokerage charges Shriram Insight imposes to its clients are quite satisfying considering the services and support it offers. Let’s cover each trade segment in detail.

SegmentsBrokerage Charge
Equity Intraday0.03%
Equity Delivery0.3%
Equity Futures0.03%
Currency Futures0.03%
Commodity0.03%
Equity OptionsRs. 50/ Contract
Currency OptionsRs. 50/ Contract

The brokering firm charges 0.03% of brokerage for Commodity, Equity Intraday, Equity Futures, and Currency Futures. Whereas for Equity Options and Currency Options it is Rs. 50/Contract. Lastly for Equity Delivery, the brokerage charge is 0.3%.

Shriram Insight Transaction Charges

Every trading includes certain brokerage fees which we discussed above, but it comes with minimal transaction charges too. Most of the beginner traders don’t even aware of these charges. Here we had given all the details of the transaction charges.

SegmentsTransaction Charges
Equity Intraday0.00325%
Equity Delivery0.00325%
Equity Options0.065%
Equity Futures0.0025%
Currency Options0.06%
Currency Futures0.00165%
Commodity (Non – Agri)0.0031%

For Equity Intraday and Equity Delivery, the broker charges a 0.00325% transaction charge. Whereas for Currency Options and Currency Futures the transaction charges are 0.06% and 0.00165% respectively. For Commodity it is 0.0031%, For Equity Options it is 0.065% and lastly 0.0025% for Equity Futures.

Shriram Insight Other Charges

There are some additional government charges the broker imposes on its customers. Let consider the charges for better trade clarity.

SegmentsOther Charges
Transaction Charges0.00300% of the total Turnover
SEBI Charges0.0002% of the Total Turnover
STT0.0126% of the Total Turnover
Goods & Service Tax18% of (Transaction & brokerage charges)
Stamp Duty ChargesVery minimum and varies from one state to another.

The charge for STT is 0.0126% of the Total Turnover, 18% of GST, SEBI Charges of 0.0002% of the Total Turnover.

Lastly, the transaction charge is 0.00300% of the total Turnover with minimal Stamp Duty Charges as per the state of trading.

Shriram Insight Margin and Exposure

Trading is a game of uncertainties but when we plan it effectively with the best analysis then every trade offers profitable revenue in return. Few pro investors prefer trading using high margin or leverage for gaining huge profits. So the details of the margin given by the broker are mentioned below:

SegmentsMargin  and Exposure
Equity IntradayUp to 2 times margin
Equity OptionsExposure of 2 times is allowed
Equity DeliveryNo leverage is given
Equity FuturesNo Margin
Currency FuturesNo leverage is offered
Currency OptionsNo allowed exposure
CommoditiesNo Exposure

Shriram insight share brokers ltd offers Equity Intraday margin up to 2 times, Exposure up to 2 times for Equity Options. However, for other trading segments, the broker doesn’t offer any trade exposure to its clients. So if you are someone who wants to utilize a huge margin then this broker is not suitable for you.

Shriram Insight Comparison with its Closest Competitor.

Shriram Insight Comparison With Closet Discount Brokers

BrokerShriram Insight5paisaZerodhaUpstox
Service TypeFull-Service broking FirmOnline Discount Stock BrokerOnline Discount Stock BrokerOnline Discount Stock Broker
Brokerage Range0.03% to Rs.50/ ContractA fixed charge of Rs. 10A fixed charge of Rs. 20A fixed charge of Rs. 20
Account Type2 in 1 (Trading and DEMAT)2 in 1 (Trading and DEMAT)2 in 1 (Trading and DEMAT)2 in 1 (Trading and DEMAT)
Equity Delivery0.3%Rs. 10 (Fixed)Rs. 0Rs. 0 or no charge
Equity Intraday0.03%A fixed charge of Rs. 10Rs. 20 or 0.01% (lowest will be preferred)Rs. 20 or 0.01% (lowest will be preferred)
Equity Futures0.03%Rs. 10 (Fixed)Rs. 20 or 0.01% (lowest will be preferred)Rs. 20 or 0.01% (lowest will be preferred)
Equity optionsRs. 50/ ContractRs. 10 (Fixed)Rs. 20 (Fixed)Rs. 20 (Fixed)
Commodity0.03%Rs. 10 (Fixed)Rs. 20 (Fixed)Rs. 20 (Fixed)
Currency futures0.03%Rs. 10 (Fixed)Rs. 20 or 0.01% (lowest will be preferred)Rs. 20 or 0.01% (lowest will be preferred)
Currency optionsRs. 50/ContractRs. 10 (Fixed)Rs. 20 (Fixed)Rs. 20 (Fixed)
Rating7.6 out of 108 out of 108.6 out of 108.6 out of 10
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Shriram Insight Comparison with Closet Full Service Broker.

BrokerShriram InsightSharekhan Online TradingAngel broking online tradeEdelweiss Financial Service Ltd
Service TypeFull-Service broking FirmThe financial firm offers full-service brokingThe financial firm offers full-service brokingThe financial firm offers full-service broking
Brokerage Range0.03% to Rs.50/ ContractThe percentage  ranging from 0.10 percent to 0.50 percent based on trade orderVaries from Rs. 15 to Rs.30 depending upon the segmentVaries from Rs. 10 to 0.5% depending upon the segment
Account Type2 in 1 (Trading and DEMAT)2 in 1 (Trading and DEMAT)2 in 1(Trading and DEMAT)2 in 1 (Trading and DEMAT)
Equity Delivery0.3%0.5% or 50 paise (lowest will be considered)If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be chargedRs.10 or 0.01% (lowest will be considered)
Equity Intraday0.03%0.1% or 10 paise (lowest will be considered)If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be chargedRs.10 or 0.01% (lowest will be considered)
Equity Futures0.03%0.1% or 10 paisa (lowest will be considered)Rs. 30 (fixed Charge)Rs.10 or 0.01% (lowest will be considered)
Equity optionsRs. 50/ ContractRs. 250 only or 2.5 percent of the premium (higher value will be considered)Rs. 30 (fixed Charge)Rs. 10 (fixed Charge)
Commodity0.03%The charge varies from 0.1 percent or Rs. 0.10 (lowest will be considered)Rs. 30 (fixed Charge)Not Applicable
Currency futures0.03%0.1% or Rs. 0.10 (lowest will be considered)Rs. 30 (fixed Charge)Rs.10 or 0.01% (lowest will be considered)
Currency optionsRs. 50/ContractRs. 250 only or 2.5 percent of the premium (higher value will be considered)Rs. 30 (fixed Charge)Rs. 10 (fixed charge)
Rating3.8 out of 54.0 out of 54.3 out of 54.1 out of 5

Shriram Insight Complaints received at BSE/NSE

These the serious issues raised against the brokerage firm. Shriram Insight Share Brokers Ltd failed to resolve the grievances of its customers and is filed legally to the stock exchanges.

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ExchangeFinancial YearNumber of ClientsTotal Complaints
BSE2019-201,1451
NSE2019-2025,0588
NSE2018-1927,67814
BSE2017-183,5484
NSE2017-1831,37420
BSE2016-172,9563
NSE2016-1730,83018
BSE2015-162,8724
NSE2015-1629,11918
BSE2014-15149,9472
NSE2014-1537,02727
BSE2013-14144,3957
NSE2013-1434,50634
BSE2012-13138,4707
NSE2012-13156,55420
BSE2011-12130,40010
NSE2011-12156,44640
Open Shriram Insight Demat Account
Open Shriram Insight Demat Account

Shriram Insight Pros And Cons

Shriram Insight Pros

  • Affordable brokerage charges
  • Well optimized trading platforms
  • Integrated with Advanced technology
  • Variety of trading platforms with investment products.
  • Funds transfer facility is equipped with more than 40 + nationalized banks of India.

Shriram Insight Cons

  • Very less trade margin offered by the broker
  • The research reports offered by the broker are not up to the mark. The accuracy is on the average side.
  • The customer support is on the lower side.

Conclusion

From the Shriram Insight Review, we came to know that, the broker offers a variety of trading options with the best investment schemes to manage all trader’s needs and trade preferences. 

However, the broker performs worst in fulfilling the customer support to its clients, fails in providing the best research reports, and offers the lowest exposure. 

If the brokerage firm manages to cover up all the gaps then it will potentially boost up the strength of the full-service broker.

Shriram Insight FAQs

Q1. What type of stock brokerage firm is Shriram Insight is?

Ans. Shriram Insight is a Full-service based brokerage firm.

Q2. When Shriram Insight started its operations?

Ans. Shriram Insight started offering its services in the year 1974.

Q3. In which state of India Shriram Insight stated its first service?

Ans. The Shriram Insight broker started its first service in the state of Tamilnadu.

Q4. Who is the Director of the Shriram Insight?

Ans. Mr. P.D. Karandikar is the director of the Shriram Insight.

Q5. Does Shriram Insight Offer offline branches for customer support?

Ans. Yes, Shriram Insight offers offline branches for customer support.

Q6. Does Shriram insight offer margin trading to its customers?

Ans. Yes, Shriram Insight offers margin trading to its customers.

Q7. Does Shriram Insight hold its Depository participant services?

Ans. Yes, Shriram Insight holds its own DP services with CDSL.

Q8. Does Equity Trading is allowed with Shriram Insight?

Ans. Yes, Equity Trading is allowed with Shriram Insight Securities.

Q9. Is there any future trading option Shriram Insight offers to its users?

Ans. Yes, Shriram Insight offers Future Trading to its clients.

Q10. Do ETFs is allowed with Shriram Insight?

Ans. Yes, ETFs are allowed with Shriram Insight.

Q11. Does Mutual funds investment feature is available with Shriram Insight?

Ans. Yes, Shriram Insight offers Mutual Fund investment services to its clients.

Q12. Being a client it is allowed to invest in Government Bonds with the Shriram Insight trading platform?

Ans. No, investment in Government Bonds is allowed with Shriram Insight financial firm.

Q13. PMS with Shriram Insight is allowed or not?

Ans. Yes, you are allowed to do PMS with the help of the broker.

Q14. Mention the name of the official Web Based trading platform of Shriram Insight?

Ans. Shriram Netpro Browser is the official Web-based trading platform.

Q15. Is there any other web trading platform offered by Shriram Insight?

Ans. No, the Shriram Insight brokerage firm doesn’t offer any other web trading platform.

Q16. Does the Shriram Netpro Browser is an in-house developed trading platform?

Ans. Yes, Shriram Netpro Browser is the in-house developed trading platform of Shriram Insight.

Q17. What is the mobile trading application of Shriram Insight?

Ans. Shriram Insight offers its clients with Shriram Netpro mobile for mobile-based trading.

Q18. What is the opening charge of Shriram Insight for the account of Trading?

Ans. Rs. 300 is charged by the broker for the opening of both Trading Account and DEMAT Account

Q19. What is the opening charge of Shriram Insight for the account of DEMAT?

Ans. Rs. 300 is charged by the broker for the opening of both Trading Account and DEMAT Account.

Q20. What are the AMC Shriram Insight charges for a trading account?

Ans.  Shriram Insight imposes no charge on its clients for Trading account AMC.

Q21. What is the AMC Shriram Insight charge for the DEMAT account?

Ans. The AMC for DEMAT Account is Rs. 300 per annum.

Q22. Does Shriram Insight allow its clients to invest in Bonds?

Ans. No, Investing in Bonds is allowed with Shriram Insight Securities.

Q23. What is the brokerage charge Shriram Insight charges for Equity Delivery?

Ans. It is around 0.3 percent levied by the financial firm.

Q24. What is the brokerage charge Shriram Insight charges for Equity Options?

Ans. It is for Rs. 50/Lot per order levied by the financial firm.

Q25. What is the brokerage charge Shriram Insight charges for Equity Intraday?

Ans. It is around 0.03 percent levied by the financial firm as per the selected plan of brokerage.

Q26. What is the brokerage charge Shriram Insight charge for Equity Futures?

Ans. It is around 0.03 percent levied by the financial firm as per the selected plan of brokerage.

Q27. What is the brokerage charge Shriram Insight charge for Currency options?

Ans. It is for Rs. 50/Lot levied by the financial firm.

Q28. What is the brokerage charge Shriram Insight charge for Currency Futures?

Ans. It is around 0.03 percent levied by the financial firm as per the selected plan of brokerage.

Q29. Does Shriram Insight offer Research reports to its clients?

Ans. Yes, the broker offers trade Research Reports to its clients.

Q30. Does Shriram Insight offer Mutual Funds investment facilities?

Ans. Yes, Mutual Fund Investment is allowed by Shriram Insight Securities.

Q31. How much Shriram Insight charges for the transaction?

Ans. The company charges 0.003% for Transaction.

Q32. How much Shriram Insight charge for STT?

Ans. The firm charges 0.0126% for STT to its users.

Q33. How much margin does Shriram Insight avail for Equity Futures to its clients?

Ans. Shriram Insight offers no exposure to its customers.

Q34. How much margin does Shriram Insight avail for Equity Delivery to its clients?

Ans. Shriram Insight offers 100% exposure to its customers.

Q35. How much margin does Shriram Insight avail for Equity Intraday to its clients?

Ans. Shriram Insight offers up to 2 times exposure to its customers.

Q36. How much margin does Shriram Insight avail for Equity Options to its clients?

Ans. Shriram Insight offers up to 2 times exposure to its customers.

Q37. Does Shriram Insight allow it, users, to invest in SIPs?

Ans. No, Investment on SIP is allowed with Shriram Insight.

Q38. Does Shriram Insight offer P&L Reports to its clients?

Ans. Yes, Shriram Insight Offers P&L Reports to its clients.

Q39. Does Shriram Insight offer Fundamental Reports to its clients?

Ans. Yes, Shriram Insight offers Fundamental Reports to its clients.

Q40. Does Shriram Insight offer Technical Research Reports to its clients?

Ans. Yes, Shriram Insight offers Technical Research Reports to its clients.

Q41. Does Shriram Insight offer Annual Research Reports to its clients?

Ans. Yes, Shriram Insight offers Annual Research Reports to its clients.

Q42. Does Shriram Insight offer Company Based Reports to its clients?

Ans.  Yes, Shriram Insight offers Company Based Reports to its clients.

Q43. Does Shriram Insight offer Real-time Stock Reports to its clients?

Ans. Yes, Shriram Insight Offers Real-Time Stock Reports to its Clients.

Q44. Being a client will we get daily Basis Stock Tips from Shriram Insight?

Ans. Yes, Daily Stock tips are available with Shriram Insight.

Q45. Does Shriram Insight offer Analysis Reports on IPOs?

Ans. Yes, Analysis Reports on IPOs is allowed with Shriram Insight Securities.

Q46. Does Shriram Insight offer Weekly Trade Reports?

Ans. Yes, Weekly Trade reports are offered by Shriram Insight.

Q47. Does Shriram Insight offer Monthly Research Trade Reports?

Ans. Yes, Shriram Insight offers Monthly Research Trade Reports. 

Q48. Does Shriram Insight offer Detailed market Reviews to its Users?

Ans. Yes, detailed market reviews are available with Shriram Insight.

Q49. Is there any facility to contact the customer support team via Email?

Ans. Yes, Shriram Insight allows its clients to contact via Email to its customer support team.

Q50. Does Shriram Insight allow its clients to use the FAX facility for resolving issues?

Ans. Yes, Shriram Insight allows its clients to use the FAX facility for resolving issues.

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