Coimbatore Capital is a leading financial services provider that provides a wide range of investment services. It is one of the leading broking houses in the retail segment in South India and operates as a full-service stockbroker.
Coimbatore Capital Review
Coimbatore Capital was incorporated in 1995 by financial expert Mr D. Balasundaram, who is also the founder Director of Coimbatore Stock Exchange Limited and Inter-Connected Stock Exchange of India Limited.
The stockbroker is a member of NSE in the equity, futures & options, currency derivatives segment and mutual funds services scheme. It is also the depository participant of National Securities Depository Limited (NSDL). It is the first depository participant of NSDL outside Mumbai and Delhi.
Coimbatore Capital is headquartered in Coimbatore, with over 150 terminals and branches in South India. The company is expanding its reach to the semi-urban and rural areas. It uses advanced technology and extensive research and analysis for profitable returns for its clients.
Coimbatore Capital Active Clients
As of 2020-21, Coimbatore Capital reported 5,523 active clients. The clients include individuals, retail clients and corporates, with specific options for high net-worth individuals and non-resident Indians.
With the number of clients mentioned above, Coimbatore Capital is one of the smallest stockbrokers in India.
Coimbatore Capital provides broking services for equity, equity futures, equity options, currency futures and interest rate futures. It also provides online trading services in these segments, along with commodity derivatives trading.
Along with broking and trading services, it is a depository participant and assists in the trading of shares in safe, paperless form.
The other services provided by the stockbroker include mutual fund distribution, IPO services and insurance services. They provide all the relevant information to the clients regarding mutual fund investment options or new issues and help them make an informed decision.
Coimbatore Capital Research
Coimbatore Capital has a business model that is built on in-depth research and proven analysis.
The research and analysis include equity analysis, with detailed reports on gainers & losers, new High & lows, advances & declines, buyers & sellers, bulk & block deals, sector watch, index movers, unusual volume, out/underperformers and index constituents.
The other reports include:
Corporate Action reports
FII Investment reports
World Indices reports
Mutual fund reports
Pre-session, mid-session and end-session news
Daily, weekly and monthly reports
The stockbroker does an okayish job in its overall research reports and recommendations.
If you are or looking to be a client of this stockbroker, it is advised you perform an analysis at your end as well before you invest your money in the stock market.
Coimbatore Capital Trading Platforms
The full-service stockbroker provides a wide range of in-house as well as outsourced trading applications to its clients as listed below:
NOW-Web-based Trading Platform
Coimbatore Capital provides internet trading through NOW, the trading platform provided by NSE. It provides direct connectivity to NSE for trade execution and data feeds through trading terminals and web.
The platform provides a common login for cash, equity derivatives and currency derivatives, and live market data.
The software is fast and seamless and it gives speedy broadcast and refreshing of data. The orders can be placed, modified and cancelled through the software, with an instant order confirmation.
The clients can view their positions and limits and also perform online funds transfer in a secure manner. The platform also provides connectivity to the back office where clients can access their ledger, holdings and balance.
CCAP Trade – Mobile Application
The mobile app of Coimbatore Capital is called CCAP Trade. It can be used by the traders to access their account and trade anytime from anywhere. The app supports scrip search, instant alerts and reminders and trading in all segments.
The traders can access their order book, trade book, net positions, stock view and market status through the application.
Some of the features provided in this mobile trading app are:
Order and trade book provision
Trading in different indices allowed
Real-time market quotes
Fund transfers feature provided
Alerts and notifications
At the same time, a few of the issues you must be aware of include:
The ideology of Coimbatore Capital revolves around its clients. It is known for excellent customer service. The clients can contact the broker through:
Phone, including a toll-free number
Client service is quite important at Coimbatore Capital. The customers can contact through any of the above methods for grievance redressal and Coimbatore Capital provides quick resolutions.
From the quality perspective, however, the customer care services can be improved from varied aspects.
Coimbatore Capital Pricing
When it comes to pricing, Coimbatore Capital charges the following rates for the Demat and trading accounts. Furthermore, there are specific conditions on how the stockbroker levies different charges on its clients. Here are the details:
The account opening charges are ₹300, with no monthly fees.
All statutory and regulatory levies are charged to the clients.
Minimum margin is ₹1,00,000 for ODIN Diet and ₹50,000 for NOW.
At the same time, you must be aware of the brokerage rates applied across different segments. You must remember that brokerage levied has a lot to do with the initial trading deposit amount you put in your account.
Higher the trading deposit, lower is the brokerage rate you get from the broker. Nonetheless, you still should try to negotiate the brokerage charges as much as you can before opening the account with the broker.
Here are the rates applied by Coimbatore Capital:
The brokerage charges for intraday trading are 0.02%.