Indiabulls Ventures Review 2020 - Best Stock broker

Indiabulls Ventures Review & Brokerage Charges

Indiabulls Ventures Review 2020

Indiabulls Ventures Limited is one of country’s top-rated capital market firmsoffering securities and derivative broking services. The company is registered with SEBI as a Stock Broker, a Depository Participant, a Research Analyst and a Merchant Banker in Category I. The Company’s equity shares are featured on The National Stock Exchange of India Limited and BSE Limited and its Global Depository Receipts (GDRs) are listed on the Luxembourg Stock Exchange.

 The company’s subsidiary, Indiabulls Commodities Limited, is involved into providing commodity services. Indiabulls Ventures was the first Company to be allocated the BQ-1 grading by CRISIL, which is the best broker quality grading, and is a replication of the financial constancy, robust fundamentals, and stern risk management controls that the companycarries. Brickworks Ratings has also assigned an impressive credit rating of BWR A+ and BWR A1+ for its fund and non-fund-basedamenities.

Indiabulls Ventures is known to servemore than 7 lakh customers with a devoted sales team of more than 900 professionals across 18+ cities. Being a part of the reputed Indiabulls Group, it makes a promise of delivery value-oriented stock broking services to its clients.

The full-service stock broker allows its traders and investors to invest in following products:

  • Equity
  • Commodity Trading
  • Currency Trading
  • Derivative Trading
  • Depository services
  • Mutual funds
  • IPO

Here is a comprehensive review of Indiabulls Ventures, which is supposed to provide you each & every detail about it in the most remarkable way.

Indiabulls Ventures has an active client base of 44,288 as of 2019 for the financial year 2019-20.

Launched its operations in the year 2000, the full-service broker has won the hearts of its clients very quickly by providing exemplary stock broking services. However, over time, it has not been able to up keep its thrust it gained and is now counted as an average performing stockbroker.

Membership Information

The membership details of Indiabulls Venturesare given below.

Entity Membership ID
SEBI Reg No INZ000007534
NSE Membership No 08756 [CM, FNO, CDS
BSE Membership No 907 [CM, FNO]
SEBI Reg No INZ000036136
MCX: MEMBER CODE 12835
Number for ISL U74999DL2003PLC122874
Corporate Identification Number for IVL L74999DL1995PLC069631]
Registered Address M – 62 & 63, First Floor, Connaught Place, New Delhi – 110001

Process to Open an account at Indiabulls Ventures

Indiabulls Ventures boasts of several ways when it comes to open a trading and a demat account.

  1. Open an Online Instant Account (Paperless)

You can decide to open an online trading and demat account using Indiabulls Shubh App. It takes just 15 minutes to open the online account. Following are steps to open an online account:

    1. Download Indiabulls Shubh App on Android or iOS Smartphone.
    2. Fill the online application form.
    3. Upload the soft copy of the documents.

Note: The online account opening is not available on Indiabulls website. The online account can only be opened using Shubh Mobile App.

  1. Visit Indiabulls Branch Office

You can visit any of the service branches of the company and the executives there will help you open an account. Use the branch locator in the company’s website to find the Branch Office near you.

  1. Contact Customer Care

Call Indiabulls Securities customer care number and leave your details. A company executive will get in touch with you to complete the formalities.

Documents needed for Indiabulls trading account opening

You would require the following documents to open the trading and demat account:

  • AADHAR Card
  • PAN Card with a clear photo
  • Address Proof
  • Latest 6 Months Bank Statement (for F&O trading)
  • 1 Leaf Canceled Cheque
  • Passport Size Photo

 

Account Opening Charges

  • Indiabulls Account Opening Charges (Trading Acct): ₹450
  • Indiabulls AMC Charges (Trading Acct): ₹0
  • Indiabulls Account Opening Charges (Demat Acct): ₹0
  • Indiabulls AMC Charges (Demat Acct): ₹450

 

Indiabulls Ventures – Trading Platforms

You may get surprised after knowing the Indiabulls Ventures is one of the few stock brokers in the country that charge trading platform fee along with the respective brokerage charges. In the following section, we will examine each of the broker’s trading platform deeply

  1. Power Indiabulls

Power Indiabulls is basically a terminal software-based trading application which needs to be downloaded and installed on computer. This is primarilymeant to be used for high volume traders or investors who wish to put in decent trading hours particularly if they trade on the Intraday basis.

Some of the major features of Power Indiabulls are:

  • Multiple Market watch with personalization across segments available
  • Notifications can set as per user preferences when the Last traded price, volume or percentage change is observed in the scrip
  • Easy access to market top gainers/losers and the stocks with the most instable movements across the day
  • Real-time stock reports available with stats on the net portfolio or current compulsion price of the company stock
  • Customizations and personalization of widgets, look and feel enabled to users as per preferences.
  • Moreover, check what is happening across the globe that can influence the Industries of your holdings etc.
  1. SHUBH Web

Shubh Web is a robust and quick web-based trading platform for trading at BSE, NSE, and MCX. This trading website is built in-house, run on any web browser and ensures a fast and reliable trading experience to traders. It has a range of features such as:

  • Live streaming market data
  • Live market news & real-time market statistics.
  • Advanced charts
  • Stock research reports
  • Online IPO Application
  • Online payment gateways
  • Seamlessly connected with Shubh Mobile and PIB

Since this web-app is not based on responsive design, it does not give you the best of the experiences when you access it through a mobile or a tablet device.

In terms of design and computability, the platform is quite okayish in nature. At a time, when stock brokers are involved into bringing technology-led trading applications, this trading application doesn’t carry that competitive edge what is needed in today’s market space.

However, some of the biggest plus points of the platform are quick fund transfer via payment gateways, daily tips, IPO analysis, real-time market statistics and portfolio tracking etc.

  1. SHUBH Mobile

Shubh Mobile is the mobile trading app from Indiabulls Ventures. Some of the features of the mobile app include:

  • Rolled out in 2019, the app is basedon the latest technology
  • Open online paperless account quickly using this app
  • Free in-app research and recommendations
  • Deeper equity and F&O market analytics
  • A range of reports including holding tracker, P&L, Position and Margin.
  • Available for Apple and Android devices
  • Seamlessly connected with SHUBH Web and PIB
  • Manage trading and demat account online
  • Get research-based trading insight into the app
  • Equity delivery trades are brokerage free
  • Pay flat Rs 15 per executed order for all other segments
  • Unlimited monthly plans are available at as low as Rs 1000 per month.

Indiabulls Ventures Review, Customer care & Ratings

The discount stockbroker provides the following communication channels to its clients as shown:

  • Physical mail
  • Phone
  • Email
  • Offline branches

As it is already mentioned, the stock broker doesn’t show that kind of robustness and passion towards enhancing trading experience of its users. This is one element that makes a big difference in today’s information-centric world.

It can be said the Indiabulls Ventures is an average performing stock broker with nothing new for investors to explore and experience.

In today’s highly competitive market setting and particularly with the emergence of low-cost discount stockbrokers, it is quite difficult to obtain and retain clients. People have much impressive options than to stay glued with a broker that does not actually care much in terms of servicing its client base well post acquiring and retaining them.

Indiabulls VenturesPricing

The brokerage charges and account opening charges by the stock broker are mentioned below.

Account Opening Charges

  • Indiabulls Account Opening Charges (Trading Acct): ₹450
  • Indiabulls AMC Charges (Trading Acct): ₹0
  • Indiabulls Account Opening Charges (Demat Acct): ₹0
  • Indiabulls AMC Charges (Demat Acct): ₹450

Brokerage Charges

Indiabulls Brokerage Plan – Default Plan
Segment Brokerage Fee
Monthly Fee (Fixed) NA
Equity Delivery ₹0 (Free)
Equity Intraday ₹15 per executed order
Equity Futures ₹15 per executed order
Equity Options ₹15 per executed order
Currency Futures ₹15 per executed order
Currency Options ₹15 per executed order
Commodity Futures 0.03%
Commodity Options 0.03%

 

Indiabulls Brokerage Plan – Equity Unlimited Trade
Segment Brokerage Fee
Monthly Fee (Fixed) ₹1000
Equity Delivery ₹0 (Free)
Equity Intraday ₹0 (Free)
Equity Futures NA
Equity Options NA
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA
Indiabulls Brokerage Plan – F&O Unlimited Trade
Segment Brokerage Fee
Monthly Fee (Fixed) ₹1000
Equity Delivery ₹0 (Free)
Equity Intraday NA
Equity Futures ₹0 (Free)
Equity Options ₹0 (Free)
Currency Futures ₹0 (Free)
Currency Options ₹0 (Free)
Commodity Futures NA
Commodity Options NA

 

Demat Account Charges

The demat account transactions are levied separately from trading charges. Here are Indiabulls demat account charges 2019.

Sr Account with POA Charges (CDSL)
1 Stamp Paper Charges Nil
2 AMC Charges for Basic Services Demat Account (BSDA) Holdings up to ₹50,000 – Nil
Holdings between ₹50,001 to ₹2,00,000 – ₹100
3 AMC Charges (inclusive of Service Tax) ₹450
4 Custody Charges Nil
5 Transaction Charges (Buy) Nil
6 Transaction Charges (Sell) ₹10 per Transaction or .02% of the transaction value (whichever is higher)
7 Off-Market Transactions ₹15 or .02% of the transaction value (whichever is higher)
8 Failed Instruction Nil
9 Pledge Creation/ Confirmation/ Closure/ Invocation ₹25 or .02% of the transaction value (whichever is higher)
10 DEMAT/Conversion ₹1 per certificate (max ₹250) + ₹25 courier charges
11 DEMAT/Conversion Rejections ₹20 per rejection + ₹25 courier
12 REMAT / Redemption/Restart – SOA ₹15 for every 100 Securities Or A flat fee of ₹15 per certificate, whichever is higher.
13 Delivery Instruction Book Nil

Transaction Charges

SegmentTransaction FeeEquity Delivery₹325 per crore (0.00325%)Equity Intraday₹325 per crore (0.00325%)Equity Futures₹250 per crore (0.0025%)Equity Options₹5500 per crore (on premium) (0.055%)Currency Futures₹250 per crore (0.0025%)Currency Options₹5500 per crore (on premium) (0.055%)Commodity

 

Indiabulls Ventures Margins

Trading Segment Margin Indiabulls
Equity Delivery 1x (no margin)
Equity Intraday Up to 5x (based on the stock)
Equity Future Intra-day: 2x | Carry forward: 1x (no margin)
Equity Options Intra-day: 2x | Carry forward: 1x
Currency Future Intra-day: 2x | Carry forward: 1x
Currency Options Intra-day: 2x | Carry forward: 1x
Commodity Future NA
Commodity Options NA

 

Indiabulls Ventures Research

The discount stockbroker has a dedicated research expert team that is known to carry out fundamental as well as technical research for its clients. These reports and trading calls can be accessed online through its trading platforms along with other communication channels such as SMS and emails.

Some of the features of the research services provided by this full-service stockbroker are:

  • Research job encompasses nearly 540 listed stocks on different indices of the stock market
  • Each stock is given details in regard to its basics, estimates and associated risks
  • The concept of potential growth
  • Modernized on a regular basis with information on mergers, acquisitions etc.

This stockbroker is primarily known for its quality of research for both long-term investors and short-term traders and certainly can be trusted to an extent.

 

IPOs

Indiabulls Ventures doesn’t provide an online IPO service to its clients. However, Indiabulls customers can choose to apply for an IPO through its branch or by using net banking facility of the bank where the customer has the bank account.

How to apply for IPO with Indiabulls Securities?

Primarily, there are 2 ways to apply in IPO:

  1. Offline IPO Application

Applying for IPO with Indiabulls is very easy and quick. Below are the steps to apply for IPO through Indiabulls branch office:

    1. Download “IPO Application Form” from the NSE website.
    2. Fill your details like Name, PAN, DP Name, DP Id, etc. in the application form.
    3. Visit the nearest Indiabulls Branch office and submit the IPO Application form.

Get in touch with your Relationship Manager for any help you need on applying for an IPO.

  1. Apply through Bank Account (Net Banking)

You can also apply for an IPO online using your bank’s ASBA facility and Indiabulls Demat account. This process is completely online and you can apply for an IPO is a few minutes.

Steps to Apply in an IPO using net banking ASBA

    1. Visit your bank’s website and Log in to your net-banking account.
    2. Register yourself as an IPO applicant by entering your bank and demat details.
    3. Visit IPO section of the website. It is generally under the Investments section.
    4. Select the IPO you would like to apply for from the list of active IPOs.
    5. Select your account and enter your details on the application page.
    6. Confirm and submit the application.

In the ASBA IPO application, the bank restricts the application amount from withdrawal. The bank deducts the money from your account on the allocation of shares. If there’s no allotment, the bank clears the money. Do note that this money earns interest in the period.

The company will transfer the shares to your Indiabulls Demat account.

 

The Conclusion

Indiabulls Ventures is largely considered an average stock broking firm in India. Due to its sluggish approach to stock trading, the broker has lost the momentum it gained at the starting of the business. Improper customer service, lack of innovative approach, obsolete trading tools & platforms don’t put stock brokers on top of the line performers.

Another degrading factor is the charge on using the broker’s trading platform. In today’s times of discount stock broking, this is nothing less than a pothole. The higher brokerage charges, particularly in Future and Options segment and low exposure values are a hindrance to broker’s market reputation.