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Sushil Finance FAQs

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Sushil Finance

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In this article, we are going to tell you about all the questions and answers related to Sushil Finance, which come in people’s mind before opening a Demat account. Sushil Finance has a brokerage charge, does margin provide & account opening fees.

Sushil Finance FAQs

Q1. Does Sushil Finance is a full-service broker or discount broker?

Ans. No doubt Sushil Finance is India’s one of the best Full-service brokers.

Q2. With how many stock exchanges I can perform trade with Sushil finance? And also name them?

Ans. You can perform trade at NSE, MCX, NCDEX, and BSE with a trading account of Sushil Finance.

Q3. What are the trading segments Sushil finance offers to its clients?

Ans. Sushil finance offers almost all trading segments, including Equity Delivery, intraday, future, options, currency, and commodity.

Q4. What is the charge for opening a trading account with Sushil Finance?

Ans. The trading account opening charge with Sushil Finance is free of cost.

Q5. What is the AMC for Trading Account with Sushil Finance?

Ans. Sushil Finance charges nothing for its trading account’s AMC.

Q6. How much does Sushil Finance charge for opening a Demat account?

Ans. Sushil finance charges nothing for opening a Demat Account.

Q7. What is Sushil Finance’s AMC for Demat account?

Ans. Sushil Finance DEMAT account charges Rs. 400 for AMC.

Sushil Finance FAQs

Q8. Is it mandatory to open a Demat account with the trading account to perform trading with Sushil Finance?

Ans. Yes, it is mandatory to create a Demat account with a trading account to use the trading benefits with Sushil Finance.

Q9. Does Sushil Finance offer monthly plans to its clients?

Ans. No, there are no monthly plans available with Sushil Finance for its clients.

Q10. Does Sushil Finance offer yearly plans to its clients?

Ans. No, there are no yearly plans available with Sushil Finance for its clients.

Q11. Does Sushil Finance offer any minimum brokerage for placing trades?

Ans. No there is no provision of the minimum brokerage with Sushil Finance.

Q12. Kindly mention all segment’s brokerage charges of Sushil Finance.

Ans. Here are all brokerage charges of Sushil Finance mentioned below:

Equity Option – Rs 50 Per Lot

Currency Derivatives (Option) – Rs 30 Per Lot

Equity Intraday – 0.03% or 3 paisa 

Equity Future – 0.03% or 3 paisa

Currency Derivatives (Future) – 0.03% or 3 paisa

Equity Delivery – 0.3% or 30 paisa

Commodity – 0.03% or 3 paisa

Q13. Is there any IPO related services offered by Sushil Finance?

Ans. No, Sushil Finance doesn’t offer any IPO related investments to its clients.

Q14. Is there any investment related to mutual Funds is available with Sushil Finance?

Ans. Yes, Sushil Finance offers Mutual Fund investments to its valuable clients.

Q15. Buying and trading bonds and NCDs are allowed with Sushil Finance?

Ans. Yes. Bonds and NCDs trading and buying are allowed with Sushil Finance.

Q16. Will I get a 3 in 1 account facility with Sushil Finance?

Ans. No, you will not get a 3 in 1 account facility with Sushil Finance.

Q17. Is there any option to perform automated trading or algo trading with Sushil Finance?

Ans. Yes, you will get the provision of algo trading with Sushil finance.

Q18. Being a client of Sushil finance can I place after trading hours order or AMO or off Market orders?

Ans. Yes, you will get an AMO or off-market orders facility with Sushil Finance.

Q19. Is there any provision to place Good till Cancelled orders or GTC with Sushil Finance? 

Ans. No, you will not get any Good Till canceled orders placing facility with Sushil Finance.

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Q20. Is there any margin funding facility for commodity/ share trading with Sushil Finance?

Ans. Yes, margin funding facility for commodity/ share trading is available with Sushil Finance.

Q21. Is there any combined ledger for commodity and Equity is offered by Sushil finance’s Back- office?

Ans. Yes, combined ledger for commodity and Equity is offered by Sushil finance’s Back- office.

Q22. Mention the time of Intraday Square-off in the case of intraday Trading in the equity segment with Sushil Finance?

Ans. 3.15 PM is the time of Intraday Square-off in the case of intraday Trading in the equity segment with Sushil Finance.

Q23. Does Sushil finance offer 24*7 customer supports to its customers?

Ans. No, there is no 24*7 customer support available with Sushil Finance to its customers.

Q24. Is there any live chat customer service available with Sushil Finance’s official website?

Ans. No, there is no such facility available with Sushil Finance.

Q25.  Does Sushil Finance offer a toll-free number for customer care support?

Ans. No, there is no toll-free number for customer care facilities with Sushil Finance.

Q26. Does Sushil finance local offline branch offices offer customer support to its customers?

Ans. Yes, Sushil finance local offline branch offices offer customer support to its customers.

Q27.  Are there any Daily basis market research reports available with Sushil Finance?

Ans. Yes, Sushil finance provides Daily Market research reports to its clients.

Q28. Are there any commodity or stock trading tips strategies offered to its customers by Sushil Finance?

Ans. Yes, there are multiple commodity or stock trading tips strategies offered to its customers by Sushil Finance.

Q29. Is equity share Sushil Finance offers to trade?

Ans. Yes, you will get an equity share trading facility by Sushil Finance.

Q30. Can I perform currency derivative trading with Sushil Finance?

Ans. Yes, you can perform currency derivative trading with Sushil Finance.

Q31. What is the trading platform of Sushil Finance offered for trading to its clients?

Ans. Swift Trade is the trading platform of Sushil Finance offered for trading to its clients.

Q32. In which year Sushil Finance came into existence?

Ans. In the year 1982, Sushil Finance came into Existence.

Q33. What is the current client base of Sushil Finance?

Ans. The current base of clients of Sushil Finance is over a lac.

Q34. What is the total number of cities the network of Sushil Finance is distributed?

Ans. It is distributed in more than 225 cities in India.

Q35.  Does Sushil finance offer an insurance facility?

Ans. Yes, Sushil Finances introduced its independent insurance-based brokerage firm named as Sushil Insurance Brokers Private Ltd.

Q36. With whose leadership Sushil Finance gained its name, fame, and trust?

Ans. This financial firm gained its name, fame, and trust under the leadership of Mr. Sushil N Shah.

Q37. What are the main services provided by Sushil finance?

Ans. Sushil Finance offers the following services: Derivative trading, Currency trading, Commodity Trading, Equity Trading, Depository Services, Mutual Funds, IPOs, NRI/QFI Services, Insurance, and Loan Facilities.

Q38. What is the window-based trading platform offered by Sushil finance?

Ans. The power trade is the windows based trading platform offered by Sushil finance.

Q39.  Mention some main and major features of PowerTrade trading software.

Ans. Here are some features of Power Trade:

  • The users will get a provision to place After Market Order (AMO) which allows the trader to perform trades ever after the stock market is closed.
  • The trading application offers the clients to create a personalized portfolio based on trading patterns and management skills.
  • Sushil Finance PowerTrade comes with various indicators to present EOD and intraday charting.
  • It is integrated with market watch features which help the trader to keep an eye on specific stocks across all trading segments.
  • For super quick order placing or trading, it comes with make inbuilt shortcut keys or the user can create personalized keys based on the trading pattern.
  • For quick trade analysis, you will find multiple conditional tickers to boost your trading performance.
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Q40. What are the disadvantages of the Power trade trading application?

Ans. the application struggles to offer snappy performance due to its bulky feature-loaded interface and configuration. So if you are a beginner trader, then it’s a bad choice to trade with this application as you waste most of your time in understanding the software.

Q41.  What is the registered office Address of Sushil Finance?

Ans. Sushil Financial Services Private Limited,12, Homji Street, Fort, Mumbai- 400 001

Q42.  What is the minimum margin money for trading with Sushil Finance?

Ans. Rs 10000 is the minimum margin money for trading with Sushil Finance.

Q43.  What is transaction charges of different segments linked with Sushil Finance?

Ans. 

SegmentTransaction Charges 
Equity Delivery0.003250%
Equity Intraday0.003250%
Equity Futures0.002100%
Equity Options0.051% on premium
Currency Futures0.002100%
Currency Options0.051% on premium
Commodity0.002800%

Q44. Mention all other charges of Sushil Finance in detail.

Ans. 

SegmentCharges
STT0.0126% of Total Turnover
Sebi Turnover Charges0.0002% of Total Turnover
Stamp Duty0.002%-0.004% Depends on the State
GST18% of (Brokerage + Transaction Charges)
Margin Funding Charges18% + GST
Reactivation ChargesRs. 50 per segment
Account Closure ChargesRs. 0
Dematerialization ChargesRs. 30

Q45. What are the margin and exposure offered by Sushil Finance?

Ans. 

SegmentMargin and Exposure
Equity DeliveryUp to 2x to 3x margin
Equity IntradayFrom 2x to 5x times, based on your growth
Equity FuturesNo exposure
Equity OptionsNo exposure
Currency FuturesNo exposure
Currency OptionsNo exposure
open Sushil Finance demat acc

Q46. What are the main advantages of trading with Sushil Finance?

Ans.  Here are some advantages of Sushil Finance.

  • More than 570 + sub-brokers spread all across the country in approx 227 different cities.
  • Sushil Finance works very effectively for small and mid-cap stocks research and offers regular notifications and booking profit.
  • Free call and Trade facilities
  • High transparency in brokerage charges and other miscellaneous charges.
  • A huge range of investments options and scope to trade in different segments
  • Cheapest brokerage charges when compared with other brokers in the race.
  • The offline grip is very strongly maintained with the help of offline branches, sub-broker and useful customer service.

Q47.  What are the disadvantages of trading with Sushil finance?

Ans.  Here are some disadvantages of Sushil Finance:

  • Sushil Finance lacks in offering high leverage and exposure to its clients
  • The trading platforms need to be improved more in both innovation and optimization. Sushil finance must consider giving regular updates to its trading platforms to boost up the performance level of the users.

Q48. Why is it advisable to trade with Sushil Finance?

Ans.  Some points to trade with Sushil Finance:

  • There are multiple stockbrokers available in India, but Sushil Finance offers a wide range of products, including Equities, F&O, currencies, IPO, etc.
  • Almost every broker charge for call N Trade facility, however Sushil Finance doesn’t.
  • Sushil Finance works very effectively for small and mid-cap stocks research and offers regular notifications and booking profit.
  • This full-service broker also offers huge margins against shares.
  • NRI trading facility is also available with Sushil Finance.
  • Sushil Finance offers a wide variety of tools for SIP in stock.

Q49. What is the customer service Email id of Sushil Finance for complaints or Grievances?

Ans. The customer service Email id of Sushil Finance for complaints or Grievances is [email protected]

Q50. What is the customer service number of Sushil Finance for complaints or Grievances?

Ans. The customer service numbers of Sushil Finance for complaints or Grievances are +91-22-40934071 , +91-22-40934076

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