Swastika Investmart Ltd was incorporated in 1992 as Swastika Fin-Lease Ltd – a full-service stockbroker. The company is a member of Equity and the derivative segment of BSE and NSE and also acts as a DP with CDSL and NSDL. The broker also deals in Currency Futures & Options through NSE, MCX-SX and USE.
Swastika Investmart Review
It is one of the few listed companies in the field of stockbroking and financial markets as it got listed in 1995.
Swastika Investmart is engaged in stock broking and the services include stock trading and demat account services. It deals in the following investment segments, including:
The offerings include issue management, consultancy and corporate advisory.
Recently, Swastika Investmart has come up with a discount trading arm named Trading Bells.
Till 1998, Swastika Investmart was largely involved in the business of hire purchase and lease finance. In the same year, the company started stockbroking business as a sub-broker and got the NSE corporate membership in 2000. Swastika got its BSE corporate membership in 2004, and in 2006, got registered as a depository participant as well.
As per the latest numbers, Swastika Investmart has an active client base of 26,806.
In these above-mentioned markets, the broker offers services such as:
Here is a quick look at some of the trading applications provided by this full-service stockbroker. It is also suggested that you go through a round of demonstrations of these applications with the help of the broker executive before opening your demat account.
Swastika Investmart Web Trading Software
The online trading software of Swastika Investmart allows the users to enjoy easy and seamless trading through their desktops and tablets. The trading link can be opened in the web browser and can be used for trading.
The web-based software provides all services like making transactions, transferring funds, placing orders, cancelling orders, with real-time monitoring and portfolio management. It also provides customised alerts for the specific requirements of the users.
Swastika Investmart Mobile Application
The mobile application of Swastika Investmart is called Swastika Mobile Trading. It is a super fast and easy to use application, which remains in touch with the investments all the time.
The application can be used to trade in equities, derivatives, currency and commodities. It has intraday charts, and customisable market watch and quotes. The app can be used for viewing the order book, utilised margin, net positions and holdings, and the entire portfolio.
It can also be used to place aftermarket orders even when the market is closed. The streaming is efficient and can also be used to view research reports.
Swastika Investment Desktop Based Platform
Swastika Investment also provides ODIN Platform for desktops. The platform can be downloaded and used. It is a unique and innovative platform that offers simplified trading in multiple exchanges and multiple segments, along with risk management systems.
The ODIN Platform contains market feed and order management, decision support tools like real-time charts, condition generator, pivot point watch and much more. The platform also has an administration module, risk management solutions, and third-party integration facilities.
It can also be used for constant alerts and offers multiple product types including intraday trading, delivery trading, margin trade funding, bracket order and cover order.
Swastika Investment is also available on the NSE NOW platform and allows user-friendly back office access to the clients to manage their ledge balance, current holdings, summary and other transactions.
Swastika Investmart Customers Care
Swastika Investmart offers good customer service through a team of experienced brokers and staff. The customer care team is accessible through modes like a phone call, emails, web chats, and offline at the branches of Swastika Investmart.
As far as the quality of the customer support is concerned, Swastika Investment still has few areas of improvement, especially when it comes to the knowledge of the product offers offered by the full-service stockbroker.
Swastika Investmart Charges
Here are the details on the different charges levied by Swastika Investmart you must know of before you go ahead and open your demat account with the broker:
Swastika Investmart Account Opening Charges
For opening Trading and Demat account, the customer needs to pay flat ₹250. Swastika charges the same for commodity trading as well.
Thus, in a way, depending on the kind of account you open – corresponding multiples of ₹250 are supposed to be paid in form of account opening.
There are no charges as far as annual maintenance charges are concerned.
Swastika Investmart Brokerage
Swastika Investmart charges competitive rates for its services:
For the Equity segment, the broker charges 0.02% for Intraday and 0.2% for Delivery. However, these charges are negotiable depending on the trade volume and value generated by the traders. Usually, the charge is less for the traders who trade in more volumes.
For Equity Futures, the brokerage charged is 0.02% of the turnover. Same as the equity segment, the brokerage is negotiable.
The charge is ₹25 per lot for the Equity Option. Same is charged for Currency Options as well.
For Currency Futures, Swastika charges 0.02% of Turnover and is negotiable.
Commodity trading brokerage comes around 0.02% and is negotiable.
Here is a quick summary of these brokerage charges:
If you decide to go ahead with Swastika Investmart, the following are some of the advantages you will be able to enjoy while trading:
Integrated and Transparent Service – the broker values the transparency, and thus, offers the customers full disclosure about their trades and any other transactions. Clients are assigned the relationship managers, who guide them throughout the investment decision. Swastika Investmart offers experienced relationship manager and financial advisory services to the new clients and to those entering the stock market for the first time.
Comprehensive Service – The broker has made sure that all the services are disseminated under one roof thereby offering timely and quality service to the clients. The customers do not need to worry about the account transfers, deliveries and so on. The arrangement offers the clients to arbitrage their positions hassle free.
Research Report – it has a strong team of analysts from all walks of equity research, as well as, derivative research. Clients are offered fundamental and technical research reports prepared by the analysts, who have considerable years of experience. Also, Swastika Investmart offers derivative strategies research to the clients interested in derivative trading.
A wide portfolio of services – the company deals in Stock, Commodities and Currencies broking, Depository Services, IPO & Mutual Fund Distribution, Merchant Banking, Non-Banking Financial Services, etc.
Technology Platforms – Swastika Investmart offers its clients one of the most advanced trading platforms both on desktop and smartphones. The platform is maintained by the strong IT team, who take care of the transactions. With a trading software, mobile app and back office software, the broker is fully equipped and ready for the next-gen trading requirements.
E-Services – The broker offers online services such as eKYC, e-Contract inquiry, e-Contract Commodity and so on to facilitate the quick and hassle-free process to the clients.
Multiple Options to Transfer Funds- Swastika Investmart accepts funds through various banking processes. A client can choose either online transfer through NEFT, IMPS or go for conventional Cheque system.
The company has detailed the modes through which it accepts the funds for trading in the account of the user.
Online payment gateway
Rs. 8/- plus taxes per transfer (irrespective of the amount transferred)
IMPS - Transfer online through net banking and take a screenshot of the confirmation page. Your trading account shall automatically reflect the balance transferred within 30 minutes
Rs. 2/- plus taxes per transfer (irrespective of the amount transferred)
NEFT / RTGS - Transfer online through net banking or by filling the NEFT / RTGS form at your bank branch. Your trading account shall automatically reflect the balance transferred within 2-4 hours
20-30 minutes during market hours
Rs. 2/- plus taxes per transfer (irrespective of the amount transferred)
Cheque - Take a picture of the cheque and once you courier the cheque to us, please send an email at firstname.lastname@example.org with the cheque image and Client Code. Please remember to write your Client Code, Name, Contact Number and the segment to which you would like to transfer the cheque. You may courier the cheque to our Corporate Office mentioned
3 to 5 working days
All the modules including technical analysis, derivative analysis and so on, offers all-round learning towards the financial market. Depending on the module, the course might last from 20 to 60 days. Thereafter, certification is awarded on the successful completion of the course and clearing the tests.
Knowledge Center – apart from offering the trading platform to the clients, Swastika Investmart also offers training in different aspects of the share market and other financial instruments for the beginners, as well as, the students who want to learn about the stock market and beyond.
Here is a quick summary of the benefits of using the services of this full-service stockbroker:
Swastika Investmart provides all services under one umbrella and there is no hassle of account transfers and delivery adjustments.
The advice provided is research-based, accurate and timely.
The technology platforms of Swastika Investmart are designed by IIT graduates and are seamless, lightning fast and hassle-free. All the softwares, including trading softwares, mobile apps and back office softwares are fully equipped.
The brokerage charges are relatively low.
Swastika Investmart Disadvantages
At the same time, here are a few concerns related to this full-service stockbroker that you must be aware of:
Long Turnaround Time – Back office support is below par as it takes longer than normal for a representative to respond. At times, the registered toll-free number goes kaput with the client having no assistance when they need it the most. Also, during the chat session, often there is no representative assigned to help the customer in resolving the issue. This could be a big drawback for the entity that deals with the money of the people.
Not Fully Functional Website – A large part of the official website does not function properly with errors popping up. The client finds it hard to get access to various important information that could help them in getting the trades and other things right.
Other than that, here are a couple of other concerns you must be aware of:
The company is exposed to the risks from the macroeconomic environment and operational risks.
There is no leverage provided for certain segments.
Overall, Swastika Investmart is a budding brokerage company with a string of good services at competitive charges. They cover all the essential areas of being a trustworthy brokerage. However, the need of the hour is to mend its customer care service, which can easily make or break the business for them.
In case you are looking to get started with sharemarket trading, just fill in some basic details in the form below.
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Swastika Investmart Branches
Swastika Investmart has 31 branches in 21 cities in India. The branches are spread nationwide.
3 branches in Andhra Pradesh in Guntur, Vijayawada, Vishakhapatnam
1 in Bihar in Patna
4 in Chhattisgarh in Raipur, Bhilai, Bilaspur and Korba
1 in Delhi in Darya Ganj
8 branches in Gujarat in Ahmedabad, Bhavnagar, Jamnagar, Maninagar, Rajkot, Vadodara, Surat and Paldi
5 in Haryana in Ambala, Karnal, Hisar, Ismailabad and Panipat.
The other branches include two in Jammu & Kashmir in Jammu and Srinagar, one in Karnataka in Bangalore, nine in Madhya Pradesh in Mandasaur, Katni, Bhopal, Gwalior, Indore, Jabalpur, Neemuch, Ratlam and Ujjain, eleven in Maharashtra in Akola, Ahmednagar, Amravati, Aurangabad, Bhusawal, Dhule, Jalgaon, Mumbai, Nagpur, Nashik and Pune, one in Orissa in Bhubaneswar, five in Punjab in Chandigarh, Jalandhar, Patiala, Ludhiana and Pathankot.
Then there are seven in Rajasthan in Ajmer, Barmer, Bhilwara, Jaipur, Jodhpur, Kota and Udaipur, eight in Tamil Nadu in Trichy, Thanjavur, Erode, Tirunelveli, Madurai, Chennai, Coimbatore and Gobichettypalayam, one in Telangana in Hyderabad, six in Uttar Pradesh in Allahabad, Bareilly, Jhansi, Kanpur, Lucknow and Varanasi, one in Uttarakhand in Dehradun and two in West Bengal in Durgapur and Kolkata.
More on Swastika Investmart
If you wish to learn more about Swastika Investmart, here are a few references for you: