Shriram Insight Review – Charges, Trading Platforms, Demat Account, Offers & more

Hailing from the illustrious Shriram Group Chennai, Shriram Insight holds a distinguished position in the realm of retail broking, making its mark as a prominent player in the industry.

Shriram Insight has established a strong pan India presence with a steadfast commitment to serving individual investors.

With operations spanning 350 centers spread across 200 cities and towns, primarily focusing on Tier II and III regions, the firm caters to a wide range of investment requirements.

Founded in 1974, Shriram Insight provides comprehensive brokerage solutions, empowering retail investors with unrivaled financial growth and success opportunities.

The following Shriram Insight review article explains all about the stock broking firm, starting from its products, research facilities, Shriram Insight charges, and more.

Why trade or invest with Shriram Insight?

Choosing to trade or invest with Shriram Insight is a wise decision, given its full-service broker status and a vast clientele of over 28,000 active investors.

The esteemed brand name associated with Shriram Insight signifies its reliability and commitment to delivering excellent services, making it a dependable partner for your investment journey.

The brokerage firm provides a competitive Standard Plan, ensuring transparency and cost-effective trading experiences.

The Shriram Insight brokerage charge for equity delivery transactions amounts to 0.15% of the transaction value.

However, for equity intraday, equity future, commodity future, and currency future trades, the transaction fee is exceptionally low, standing at only 0.01% of the transaction value.

Additionally, a fixed price of Rs. 10 per lot is applicable for equity, commodity, and currency options.

Shriram Insight Calculator

Calculate Brokerage Charges of Shriram Insight.

How to open a Shriram Insight Demat Account?

Find out step by step account opening process of Shriram Insight.

• To commence the process of opening a Shriram Insight Demat Account, click on the “Open Demat Account” button.
• Once clicked, you will be prompted to fill out a form with your details. Following this, expect Shriram Insight’s representatives to get in touch, guiding you through the account opening procedure with utmost support.
• Ensure to provide all required documents and identification per the guidelines to facilitate a seamless account opening experience.
• After successfully completing the verification process, your Shriram Insight account will be opened.

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Shriram Insight provides a diverse range of trading platforms to its clients.

With their Android app, you can stay connected and trade whenever and wherever you want, while the web trading platform offers a comprehensive set of tools accessible through any web browser.

For active traders, the trading terminal provides a powerful and customizable solution.

Furthermore, with this Shriram Insight review piece, we learn that they have a mutual fund investment platform that enables users to explore and invest in various mutual funds, making it easier to diversify and grow their investment portfolios.

Presenting the array of features offered by the Shriram Insight App, trading platform, and tools:

Shriram Insight App:

Check out various features of Shriram Insight App here.

• Live graphical representation of stock prices and financial instruments for quick market analysis.
• Display of bid and ask prices in the order book, providing insights into market liquidity.
• Ability to conveniently and instantly place buy orders for stocks and financial instruments.
• Monitor the performance of market indices and analyze movement in index stocks.
• Gain insights into your portfolio holdings, available funds, transaction history, and overall account performance.

Shriram Insight Web Trading Platform:

Check out various features of Shriram Insight Web Trading Platform here.

• Ability to trade on margin, allowing users to leverage their capital for potentially higher returns.
• Within the web trading platform, you can utilize advanced order types like stop-loss orders, trailing stop orders, and bracket orders, allowing users to set predefined conditions for order execution.
• Real-time streaming of financial news, expert analysis, and market insights.
• Track and manage investment portfolios, view holdings, balances, and transaction history.

Shriram Insight Trading Terminal:

Check out various features of Shriram Insight Trading Terminal here.

• Access to trade history, order status, account statements, and reports for analysis.
• Fast and efficient order execution to seize market opportunities and minimize slippage.
• Support for various order types such as market orders, limit orders, and stop orders to suit different trading strategies.
• Display of bid and ask prices, order book, and market liquidity for better trading insights.

Shriram Insight Mutual Funds Investment Platform:

Check out various features of Shriram Insight Mutual Fund Investment Platform here.

• Support for goal-based investing, allowing users to set specific financial goals and track their progress towards achieving them.
• Access research reports, fund performance data, and other analysis tools to aid investment decision-making.
• Tools to compare different mutual funds based on their performance, risk profile, expense ratios, and other relevant factors.

• Shriram Insight offers customizable brokerage plans to suit individual trading needs, allowing clients to optimize trading costs.
• Clients receive complimentary trading calls, providing market insights and recommendations to aid informed investment decisions.
• Shriram Insight offers a referral program with a bonus of Rs.150 per referred client, encouraging clients to refer new customers.
• Clients can pledge securities or investments as collateral for margin trading facilities, enabling access to funds for enhanced trading capacity.

Shriram Insight SWOT Analysis

Here is detailed SWOT Analysis on Shriram Insight.

Strengths:

• Offers highly affordable intraday rates, reducing trading costs.
• Provides real-time market updates for timely decision-making.
• Offers customizable brokerage plans to suit individual trading needs.
• Part of an already established and reputed Shriram Group, increasing trust.
• Provision of the daily top stock picks.

Weaknesses:

• No stock tips for investment decisions, limiting support for traders and investors.
• Inability to manage multiple trading or investment accounts reduces convenience and flexibility.
• Exclusion of iOS users from trading and investment management.

Opportunities:

• Opportunity to incorporate robo-advisory services for personalized investment recommendations and portfolio management.
• Forming strategic partnerships to expand reach and offer integrated investment solutions.
• Launching initiatives to improve financial literacy among clients.

Threats:

• Impact of market downturns and economic uncertainties on investor confidence and trading volumes.
• Competition from innovative fintech startups offering advanced services.
• Threat of losing clients to competitors offering better services or lower fees.

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• Shriram Insight trading account provides detailed analysis and insights on IPO.
• Market trend analysis, price pattern evaluation, and technical indicator insights.
• Recommendations on specific stocks based on thorough research and analysis.
• Curated list of high-performing stocks.

• Investors can participate in equity delivery and carry forward positions in commodity and equity F&O and currency F&O. Here, the Shriram Insight margin offered is 1x.
• Equity day traders can amplify their trading possibilities by up to 5 times, depending on the stocks they choose to trade.
• Intraday trading in equity F&O and commodity F&O is also made possible by Shriram Insight, with a margin of 1.3x.

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Below are the customer care details for Shriram Insight customer care:

• Reach out to the helpdesk at [email protected].
• You can contact Shriram Insight’s customer care helpline at 7604082779 to speak with a representative.
• Shriram Insight offers support through its website, Twitter, and Facebook accounts.

Shriram Insight complaints amount to 6, all of which have been successfully resolved, resulting in a 100% resolution rate.

With this resolution rate, Shriram Insight demonstrates its commitment to addressing customer concerns on time and efficiently.

Shriram Insight Charges

Various Shriram Insight Account Charges are mentioned below:

• Account Opening Charges: Rs. 150. This is the one-time fee charged for opening a new account with Shriram Insight.
• Annual Maintenance Charges (AMC): Rs. 400 per year. The AMC is an annual fee payable to maintain your account with Shriram Insight and avail of its services.
• Pledge Charges: Rs. 50 per Scrip. When you pledge your securities for margin trading or any other purpose, this charge is levied for each pledged scrip.
• Pledge Invocation Charges: Rs. 40 per Scrip. If you release the pledged securities, this charge is applicable for each released scrip.
• Interest on Margin Trading: 0.07% per day. Margin trading allows you to trade with borrowed funds, and this charge represents the daily interest rate on the borrowed amount.

 Hidden Charges:

• SEBI Turnover Charges: Rs. 10 per Crore (All Segments). These charges are payable to SEBI based on the turnover generated from your trading activities in all segments.
• DP Charges: Rs. 30 per Scrip on Sell. The Depository Participant charges this fee for every scrip sold from your Demat account.
• GST: 18% on (Brokerage + SEBI + Transaction charges). Goods and Services Tax (GST) at 18% is levied on the total amount comprising brokerage, SEBI turnover charges, and transaction charges.
• Dematerialization Charges: Rs. 25 per Certificate Dematerialization involves converting physical share certificates into electronic form, and this charge is applied per certificate converted.

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Shriram Insight Review – Conclusion

With the conclusion of this Shriram Insight review, we understand that the firm is an outstanding choice for stock broking because of its strong reputation in the industry.

The company offers flexible brokerage plans, comprehensive research services, and attentive customer care.

With transparent and reasonable account charges, pledge charges, and hidden charges, Shriram Insight ensures a fair and transparent trading experience.

These qualities make Shriram Insight a reliable and trustworthy firm for individuals wanting to enter stock broking.

Shriram Insight FAQs

Provided below are some frequently asked questions (FAQs) regarding Shriram Insight Review:

Is Shriram Insight a Reliable Broker?

Absolutely, Shriram Insight is a secure and reputable broker.

Is Shriram Insight Suitable for Beginner Traders?

Certainly, Shriram Insight is an excellent choice for beginner traders.

How many active clients does Shriram Insight have?

The firm has over 28,000 clients.

Who is the Founder of Shriram Insight?

Sri R. Thiagarajan is the founder of Shriram Insight.

Does Shriram Insight offer Free Delivery Trading?

No, Shriram Insight does not provide free delivery trading. The delivery trading rate is 0.15%.

What are the Intraday Trading Charges in Shriram Insight?

The intraday trading rate at Shriram Insight is 0.01%.

What are the F&O (Futures & Options) Charges at Shriram Insight?

Shriram Insight charges 0.01% of the transaction value for futures and Rs. 10 per lot for options.

Does Shriram Insight levy charges for Commodity Trading?

Yes, commodity trading at Shriram Insight incurs charges. The fees are 0.01% of the value for futures and Rs. 10 per lot for options.

Are there any charges for Currency Trading at Shriram Insight?

Yes, for currency futures, Shriram Insight charges 0.01%, and for currency options, it is Rs. 10 per lot.

Does Shriram Insight provide Research services?

Yes, Shriram Insight offers research and advisory solutions to its clients.

How can I contact Shriram Insight Customer Care?

You can reach Shriram Insight’s customer care through [email protected] or by calling 7604082779.

How much is AMC in Shriram Insight?

The account maintenance charges associated with Shriram Insight are Rs. 400/year.

How much does Shriram Insight charge for opening an account?

The account opening fees for Shriram Insight are Rs. 150.

What are the costs of creating a pledge in Shriram Insight?

The charges for pledge creation in Shriram Insight are Rs. 50 per request.

How much are the fees for invoking a pledge in Shriram Insight?

The fees for pledge invocation in Shriram Insight amount to Rs. 40 per request.

Does Shriram Insight impose any interest on Margin Trade Funding?

Yes, Shriram Insight applies an interest rate of 0.07% per day on margin trade funding.

What are the DP (Depository Participant) Charges at Shriram Insight?

The DP charges are Rs. 30 per Scrip on selling transactions.

Are there any fees for Account Closure at Shriram Insight?

No, Shriram Insight does not charge any fees for account closure.

What are the Account Reactivation Fees at Shriram Insight?

Shriram Insight does not levy any fees for account reactivation.

How much are the Call & Trade Charges at Shriram Insight?

There are no charges for call & trade services at Shriram Insight.