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:
- 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.
- Investment banking: It looks after any mergers or acquisitions, accruing equity funds, capital market operations, and liquidity rearrangement.
- 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.