Dematerialisation, Rematerialisation and Pledging of shares
Merchant banking services
Indira Securities Active Clients
As of 2020, Indira Securities reported 6,226active clients.
The clientele of this full-service stockbroker ranges from small conscious investors to high net-worth individuals to corporates. The company also caters to the non-resident Indians, with specialised services for them.
The number of active clients mentioned above places Indira Securities among one of the smaller stockbrokers in the country.
Indira Securities helps the investors in keeping themselves updated about the market through its comprehensive research and reports. The reports include:
Company Research Reports
Alpha Delivery Pick
This full-service stockbroker also has a division named Indira Gurukul for providing training and advisory to the individuals. It provides training programs and stock market courses, along with breaking news, information and advice related to trading.
Indira Securities Trading Platforms
Indira Securities provides both a web-based online trading interface and application-based trading platform.
Indira Investor Web
The web trading platform of Indira Securities is sophisticated and based on the “NETNETHT” technology. The transactions are seamless, fast and secure.
The platform can be used for trading through the website from anywhere in the world. It has all the features like:
Live updates and alerts.
The platform can be used to place, cancel or modify orders, and to view the order book, transactions book and the account balance.
Indira Trader Terminal
The application-based terminal involves downloading the Diet Software on the desktop. The software can then be used to trade. ODIN Diet is an excellent software with access to real-time market data, market watch, smart order execution and dynamic portfolio.
It has various decision support tools like real-time charts, numerous calculators, Greek Neutraliser and Greek Market Watch, Pivot Point Support/Resistance Watch and Heat Map.
The software provides unmatched user experience and seamless integration through the back office, mutual fund module, IPO module and RSS feeds. The software also supports fund management by payment gateway integration.
The mobile trading app for Indira Securities is called I-Win. The application provides live stream feed and online trading platform for all Indian exchanges, for all segments.
The app can be used to access data, reports and live research calls. The users also have access to the back office details like ledger balance, holdings, bills etc. The application has excellent features, however, it lacks user-friendliness.
Indira Securities provides an in-house mobile trading app as well. The application is, as of now, at a nascent stage, in terms of the overall features it has to provide. However, the broker has been updating the app on a regular basis bringing in newer features every time.
Some of the top features you can access in this app are:
Live market feed from different indices
Access to your positions, holdings, margins
A quick check on analytics, watchlists, your portfolio
This is how the app looks like:
Some of the concerns raised by the users of this app are:
Basic user interface and designs
Only a limited number of features to access are available
The customers and clients of Indira Securities can get in touch with them through:
The customer care provided by this full-service stockbroker is good, with dedicated relationship managers and a compliance officer.
Indira Securities Pricing
Here are the pricing and charges related to your Demat and trading account with this stockbroker:
The company provides three options for opening the account.
For the first option, the account opening fee is ₹100 and the annual maintenance charges vary based on the valuation of the stock in the account. If the valuation is less than ₹50,000, there is no AMC, if the valuation is between ₹50,000 and ₹2,00,000, the AMC is ₹200 per year and if the valuation is above ₹2,00,000, the AMC is ₹460 per year.
In the second option, the account opening fee is ₹1,500 and there is no AMC.
In the third option, the account opening fee is ₹3,000, with no AMC and the entire amount of ₹3,000 gets refunded on closing the account.
Here is a quick summary:
Account Opening Option
Account Opening Charges
Annual Maintenance Charges
₹50,000 and ₹2,00,000
Indira Securities Brokerage
When it comes to brokerage, Indira Securities charges the following brokerage rates across your trading segments:
The brokerage charges are 0.03% for intraday trading and 0.3% for delivery trading.
For Options trading, you are required to pay ₹60 per lot and for futures trading, you will be paying 0.05% of your trading value.
Remember, the brokerage charges of full-service stockbrokers are always a percentage of your overall trading turnover. For example, if you trade for ₹75,000 in the delivery segment, then you will be paying ₹225 as brokerage to your broker.
Here is a quick summary on the brokerage charges charged by this full-service stockbroker: