One of India’s biggest full-service stock brokers, Swastika Investmart was founded in 1998. Swastika Investmart is a reputable brand known for the calibre of its counsel, individualised attention, and application of cutting-edge technologies.
For a wide variety of financial instruments, including stocks, derivatives, commodities, insurance, FDs, loans, initial public offerings (IPO), and bonds, etc., Swastika Investmart, provides online trading and research-based advice services.
Swastika Investmart have a large no. of Regiestered number of client (3,43,297) & it also have a large number of Registered AP (Sub-Brokers) 2,261
Swastika Investmart Charges 2023
Account Opening Charges and Annual maintenance charges (AMC)
Swastika Investmart offers free online account opening. Customers have to pay Rs 250+GST for demat account as AMC. The Demat AMC is free for 1st year.
- Swastika Investmart Opening Charges: Rs 0 (Free)
- Demat Account Annual Maintenance Charges (AMC): Rs 250 (Enjoy first year free of cost)
IIFL Securities Brokerage Plan
IIFL offers one simple flat rate brokerage plan. This discount brokerage plan offers trading at flat Rs 20 per executed order across all segments including equity delivery.
IIFL Brokerage Charges List
| Segment | Brokerage |
| Equity Delivery | Rs 20 per Lot |
| Equity Intraday | Rs 20 per Lot |
| Equity Futures | Rs 20 per Lot |
| Equity Options | Rs 20 per Lot |
| Currency Futures | Rs 20 per Lot |
| Currency Options | Rs 20 per Lot |
| Commodity Futures | Rs 20 per Lot |
| Commodity Options | Rs 20 per Lot |
Additional Information
| Offline no. brokerage / registered AP. | 2261 + |
| Research & advisory services | Yes |
| Referral amount | ₹ 500 |
| API charges | Free |
| Call & Trade charges | Zero |
Advantages and Disadvantages of Swastika Investmart :-
Swastika Investmart Pros (Advantages)
There are some of the advantages of Swastika Investmart. You must need to know Swastika Investmart advantages and disadvantages before opening an account with Swastika Investmart. Swastika Investmart pros and cons help you find if it suits your investment needs.
- A full-service broker with an Indian branch network. 2. Delivery, Intraday, and F&O brokerage is flat at Rs 20 per trader at BSE, NSE, MCX, and NCDEX. 3. Free research and recommendation services for equity and MF. 4. The ‘Trader Terminal’ is one of the best advanced trading platforms. 5. It provides trading for equities, commodities, and currencies on the same platform. 6. Equity Systematic Investment Plan (Equity SIP) is offered by IIFL. 7. Advance order types for offers, such as the Valid till Date (VTD) order. 8. Each account has a Relationship Manager (RM) who can provide in-person trading advice and support. 9. Provide a variety of financial products, including stocks, bonds, IPOs, mutual funds, corporate fixed- income securities, and insurance.
- The publicly traded business IIFL Securities is listed on the BSE and NSE.
Swastika Investmart Cons (Disadvantages)
The following are the cons of Swastika Investmart. Check the list of Swastika Investmart drawbacks.
- Customers are offered unannounced margin funding. This results in significant confusion for the customer and high interest costs. 2. Unlike Zerodha, ProStocks, Angel One, and other bargain brokers, equity delivery brokerage is not free. 3. Since IIFL lacks a banking licence, it does not provide a 3-in-1 account. 4. No Direct Mutual Funds are available.
