Yes Securities Review, Brokerage Charges, Demat a/c, Platforms & more

Primarily a subsidiary of Yes Bank Limited, Yes Securities is largely known as country’s leading full-service stockbroker. The stockbroker is a registered member of NSE and BSE. Registered with SEBI, Yes Securities started its operations in is a wholly-owned subsidiary of YES Bank Limited. The stockbroker offers a wide range of investment services across various segments including Equity, Derivatives, Currency derivatives, Mutual Funds and IPO.

The biggest offering of Yes Securities is its 3-in-1 account which is a combination of bank savings account, a demat account and an investment account connected with each other. This helps YES banks customers in real-time fund transfer from the bank to the investment account. It also helps them in rapid transactions, especially when it comes to selling securities.

The stockbroker offers both online and offline stock broking services to its clients. For those who love to trade online, YSL boasts of a mobile app and web-based platform. For those who prefer to trade offline, YSL has a strong network of 50+ branch offices across 35+ cities in India. These branch offices act as customer service points. Any kind of trade requests can be made ere. The stockbroker also offers call-and-trade facility wherein orders can be placed easily over a phone. Another most interesting thing is that each client is allocated a Relationship Manager (RM) for all types of support in trading and other services.

Yes Securities’ services are primarily divided across 3 categories:

  1. Wealth broking and Investment support: It is comprised of broking in Equity, Derivatives, commodities, and currencies together with distribution offerings such as IPO, Mutual Funds, Bonds, NCD, ETFs Etc. They have an individual branch for catering to NRI investors.
  2. Investment banking: It looks after any mergers or acquisitions, accruing equity funds, capital market operations, and liquidity rearrangement.
  3. Merchant banking: It incorporates dealing in traditional Equity and debt offerings such as IPO/FPO, Rights issue, NCDs, and customized advisory products like the open offer, Buyback, Delisting, and ESOP/ESPS.

Some of the salient features of Yes Securities are:

  • Wholly owned subsidiary of Yes Bank, a bank with remarkable presence across 29 states and 7 Union Territories in India
  • Full-service broker offers 3-in-1 account option
  • 50+ branch offices in 45+ cities across India
  • Up to 40X exposure facility
  • Dedicated Relationship Manager (RM) for trading support
  • Full-fledged research team
  • Offers an extensive range of trading platforms and online tools
  • Knowledge sharing tools for novice investors

Types of Account

There are two types of accounts offered by Yes Securities that cater various investment needs of the customers. The account details are as follows:

Invest Value Plan:

It is a percentage brokerage plan wherein you are charged a percentage of the trade value irrespective of the trade size. The Minimum Brokerage under this plan is Rs 25 or 2.5% of Trade Value whichever is lower.

Invest Advantage Plan:

It is a turnover based brokerage plan wherein different brokerage charges are charged for different monthly trading turnover slabs. The more you trade in a month, the lesser will be the brokerage charged.

Yes Securities Products

Cash & Carry (CNC):

Cash N Carry (CNC) is the most conventional product by the stockbroker where investor needs to reserve the total amount of needed funds at the time of order placement. It is best suited for long-term investors.

In other terms, if you wis to buy shares of value Rs.10,000, then you should have the entire amount of Rs.10,000 in your Trading Account and likewise, if you want to sell 100 shares, all those 100 shares should be available in your demat account.

COVER ORDER

Cover order offers you to enjoy exposure up to 40 times on the obtainable margin limit. To put a limit on intraday loss, obligatory opposite order i.e., Stop Loss order is put to stop trading losses.

Portfolio Investment Advisory Service (PIA)

The investment team has well carved out model portfolios allied to investor’s objectives, time horizon, with a purpose to accrue great returns and reduce the risk. Their well experienced advisory team performs transactions on behalf of clients, decently with their accord.

  • Unrestricted access to the research & expert investment advisers
  • Well-laid out model portfolio aligned to investor objectives
  • Provides advise across Stocks, Bonds, Debentures & Structured Products etc.
  • Devoted in-house Execution Desk

Yes Securities Account Opening Charges

There are two options to open a trading account with Yes Securities.

Contact Customer Care

You can contact the customer care by email/call or just fill an online form available on their website. The company representative will call back you for further processing.

Visit Yes Securities Branch

Yes Securities has 50+ branch offices located across India. One can visit any of these branches and open an account with the stockbroker.

Trading Account Opening Charges (One Time) Rs 0
Trading Annual maintenance charges (AMC) Rs 0
Demat Account Opening Charges (One Time) Rs 0
Demat Account Annual Maintenance Charges (AMC) Rs 500

 

Yes Securities Brokerage Charges

Segment Type Brokerage
Cash Market Delivery Buy/ Sell % 0.45%
Delivery Square Off (same Day) % 0.05%(both Sides)
Margin Intraday (First Leg) % 0.05%
Margin Squareoff (same day) % 0.05%
Derivatives Future (First Leg) % 0.05%
Future Square Off (same Day) % 0.02%
Options (First Leg) (Per Lot) Rs 75
Options Square off (same day) (per lot) Rs 25
Currency Derivatives Currency Futures (First Leg) % 0.05%
Currency Futures Square Off (same Day) % 0.02%
Currency Futures (First Leg) (Per Lot) Rs 75
Currency Futures Square off (Same day) (per lot) Rs 25

 

Yes Bank Demat Charges

Charge Type Resident Individual / HUF
A/C opening Charges Nil
Annual Maintenance Charges (AMC)* Rs 500
Credit Transaction (Buy: Market & Off Market) Nil
Debit Transaction

(Market, Off Market, Inter-depository)

For Instruction submitted through branches (% of the transaction value of each ISIN) 0.04% (Min Rs 20)
Rejection/Fail Rs 30
Extra charges for processing of Instructions submitted on the execution date Rs 10 per ISIN
Dematerialization Per Request Form Rs 30
Per Certificate Rs 2
Rematerialization Per request form Rs 20
Closure of Account Nil
Pledge Creation/Closure/Confirmation/Invocation (% of the value for each ISIN in each request) 0.04% (Min Rs 30)
Additional account statements Rs 20

 

Yes Securities Margin

Segment  Margin
Equity Delivery 1x (no margin)
Equity Intraday Up to 5X
Equity Future Up to 3x
Equity Options Up to 3x for shorting
Currency Future Up to 2x for Intraday
Currency Options Up to 3x for shorting
Commodity Future NA

 

Trading Platforms

The stockbroker aspires to provide a seamless trading experience to its clients through its various trading platforms. Its major platforms are Yes Android Trading Platform, Yes Web based Trading Platform, Yes IPHONE Trading Platform. Here is a list of available features across all its trading platforms:

Desktop Browser Platform Yes
Mobile Site Platform Yes
Android App Platform Yes
iOS App Platform Yes
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
News Flash Yes
Research Reports Yes
Simple Installation Yes
Global Indices Yes
Stock Suggestions Yes
Interactive Charts Yes
Live Markets Yes
SMS / Email Alerts Yes
Multi Account Management Yes

FAQs

Ques- Can I open a trading account for free with Yes Securities?

Answer- Yes, the account opening chares are zero with Yes Securities. However, you are required to pay an annual maintenance charge of INR 500 every year.

Ques- How are the trading platforms of Yes Securities?

Answer- At the outset, they are largely considered as trading platforms of mediocre quality. Their performance is typically ok ok.

Ques- What are the brokerage charges of Yes Securities?

Answer- In terms of brokerage charges, Yes Securities is a bit higher side. It charges 0.45% of trade value for delivery section and 0.05% of the trading value for intraday trading.

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