INDIAINFOLINE

4 Overall

India Infoline limited is a former name of IIFL. It is a diversified financial services company headquartered in Mumbai. IIFL is founded by Nirmal Jain, chairman of the group . IIFL was ranked the seventh among the financial conglomerates in India. In terms of market capitalization it is ranked as the top most independent services firm. R. Venkataraman, The co-founder is honored as the managing director of the group.

Brokerage Charges3.0
Platforms & Tools 4.0
Customer Service 3.5
Cons
  • Only premium customers will be given preference and multiple brokerage charges leads to confusion
  • Big charges for funds transfer and brokerage charges aren’t affordable
  • Hidden charges every where

Indiainfoline Overview

 IIFL was ranked the seventh among the financial conglomerates in India. In terms of market capitalization, it is ranked topmost independent services firm. R. Venkataraman, The co-founder is honoured as the managing director of the group.IIFL is listed with NSE and BSE. With an IIFL account, you can trade in equity, commodity, F&O and currency.

The company has tied up with Life Insurance giant ICICI Prudential to make its distribution network blue as the sustaining became tough in 2001 Indian dotcom industry crash.IIFL Holdings as a net worth of 45 million in rupees it has a workforce of 10500 all over the world and about 2250 service locations across India.

IIFL Holdings Limited is India's leading Financial Services Group with non-banking and Housing Finance wealth and Asset Management broking financial production distribution investment banking institutional equities real estate and property advisory services

 


Indiainfoline Brokerage Charges

 

The brokerage structure in IIFL is huge when compared with the other competitors.

 they have different types of subscription plans under value-added subscription plan(VAS).They do have a variable brokerage plan (VBP) which will mount with your turn over and Value-added Subscription Plan (VAS), which you can avail of extra benefits for a fixed price.

IIFL Standard Brokerage plan

Brokerage                                             Rate

Equity intraday                                   0.05%

Equity delivery                                    0.50%

Equity futures                                     0.05%

Equity options                                    1% of Premium or Rs.100/- per lot whichever is higher

Currency futures                                 0.05%

Currency options                                1% of Premium or Rs.100/- per lot whichever is higher

Minimum per share Brokerage      Rs. 0.05

IIFL Value Added Subscription Plans(VAS)

Along with the standard brokerage plan. There are also different plans under the name value added subscription plan and variable brokerage plan in value added subscription plan. It is like a prepaid plan with different categories and different brokerage plan. If you are a heavy trader the higher end plans in VAS is the best option as it reduces your brokerage fee greatly. They have VAS plans from Rs2500 to Rs100000.The validity will be 12 months

Subscription Plans

Default Plan

2500 VAS

5000 VAS

10K VAS

15K VAS

Value Added Subscription Value (Rs) (a)

Nil

2500

5000

10000

15000

 

Account Opening fee (c)

Rs. 750/-**

Nil

Nil

Nil

Nil

Delivery Brokerage

0.50%

0.35%

0.30%

0.25%

0.20%

Intraday Trading Brokerage CM-each leg

0.05%

0.04%

0.03%

0.03%

0.02%

Trading Brokerages Futures- each leg

0.05%

0.04%

0.03%

0.03%

0.02%

Intraday Trading Brokerage Futures-each leg

0.05%

0.04%

0.03%

0.03%

0.02%

Options Trading Brokerage-each leg

1% of premium or Rs 100/- per lot whichever is higher

1% of premium or Rs 90/- per lot whichever is higher

1% of premium or Rs 80/- per lot whichever is higher

1% of premium or Rs 70/- per lot whichever is higher

1% of premium or Rs 60/- per lot whichever is higher

Minimum Per Share Brokerage (Rs) (Delivery, Futures and cash Intraday)

0.05

0.05

0.05

0.05

0.04

Subscription Plans

25K VAS

V45K VAS

V75K VAS

V1LAC VAS

Value Added Subscription Value (Rs) (a)

25000

45000

75000

100000

 

 

Account Opening fee (c)

Nil

Nil

Nil

Nil

Delivery Brokerage

0.15%

0.10%

0.09%

0.07%

Intraday Trading Brokerage CM-each leg

0.02%

0.01%

0.009%

0.007%

Trading Brokerage Futures- each leg

0.02%

0.01%

0.009%

0.007%

Intraday Trading Brokerage Futures-each leg

0.02%

0.01%

0.009%

0.007%

Options Trading Brokerage-each leg

0.50% of premium or Rs 60/- per lot whichever is higher

0.50% of premium or Rs 50/- per lot whichever is higher

Flat Rs. 25/- per lot

Flat Rs. 20/- per lot

Minimum Per Share Brokerage (Rs) (Delivery)

0.03

0.01

0.01

0.01

Validity Period

12 Months

12 Months

12 Months

12 Months

                   

These brokerage plans are not at all feasible like the online discount brokers.


Indiainfoline Other Charges

Trading Account opening charges will be Rs.750 for a default account but with their VAS plans these account opening charges will be waived off.

AMC charges for demat account will be Rs400/annum. If you are a valuable customer you can reduce your AMC too.

These are the other charges that apply foryour trades

Debit Charges                                                                         0.025% (minimum Rs 25 per transaction)

Credit Charges                                                                             Nil

Pledge creation                                                                           Rs 50

Pledge closure                                                                             Rs 0

DEMAT - Per certificate                                                               Rs 15

REMAT - Per certificate Per 100 Units/shares (Whichever         Rs 15

is higher)

Conversion of MF units/Destatmentisation Per SOA                  Rs 15

Reconversion of MF units in to SOA or                                      Rs 15

Redemption/Restatmentisation Per SOA                                   Rs 40

Postal Charges per request shall be charged separately


Indiainfoline Platforms & Tools

IIFL has every  possible  trading platform that is available with other brokers like Web application, desktop trading terminal and mobile trading application. Their softwares and trading terminals are as below

  • web application -TT trader terminal
  • Desktop trading terminal -TT Edge
  • Mobile Trading applications -IIFL Markets is for live market news and TT Edge mobile are dedicated to trading for mutual funds IIFL Mutual funds application is available.

IIFL TT trader terminal:

TT trader terminal has next generation  Technology along with top class research and recommendations where you can view,analyse and execute your trades at lightning speed.It has the same prospects like TT Edge desktop trading terminal. You don't find any difference between the two as they are Elite.

  • Trade execution is possible at lightning speed is possible.
  • Feasibility to look at the performance of the company along with volatility of the stock.
  • Real-time news with market movements is available.
  • Research tips with great expertise will be there for better decision making.
  • You can go through the company's performance and make your trades profitable.

IIFL TT Edge:

TT Edge is their desktop trading terminal which has a great potential and a next-generation technology. In TT edge you have an access to a quick view of 500 stocks by IIFL research team. A custom watch list in cash and F& O segments with advanced UI and in-depth analytics.

  • You can trade at lightning speed which TT edge
  • Analyse your portfolio with the best and worst performers and also check the volatility of the stock
  • Real-Time news is at your fingertips along with corporate announcements.
  • You can compare the company with different prospects on every parameter available.
  • It helps in building a strategy for your investment taking your risk-reward appetite into consideration.
  • Professional analysis team will help you with their recommendations and tips with a wide range of investment options.
  • Informed decision making is a possibility where IIFL will help you within the TT edge platform.

 IIFL Markets: IIFL Markets is a financial website with the trading interface and a TV for market movements in mobile. Here you can create a market watch list for currency, commodity, equity futures and options all in one go. Different types of live indices and an instant access to the market in a move.

  • IIFL markets app is a most downloaded and is rated as 4.4 in the app store IIFL markets app was launched in the year of 2015 in October,
  • The app is available in Android, Windows and IOS versions
  • It helps you with instant trading access and Bloomberg TV live streaming of what is happening in the market
  • The research tips and recommendations are available on the main window with comprehensive watch-list and buy or sell signals.
  • The buzz feature provides Information on latest developments and gives the detailed information about the company's recent report and detailed analysis
  • Charts are available for quick market analysis

IIFL  TT mobile:

TT mobile is the mobile trading application for IIFL. You get the access to market watch and buy and sell links are available to make your transaction on the go. You can sign in with your IIFL login credentials. You can check the status of buy and sell orders placed.

  • You can experience the full market access and is specially destined to make the trader convenient and trades will be executed within time.
  •  buy/sell links and easy view are available within the basic interface.
  • Huge number of chart types and Technical indicators available
  • MD trader is an industry leading price ladder helps you to view Markets and place orders.
  • ADL AlGOS gives access to successful algorithms within the mobile trading platform full range of comfortable trading as if your using your desktop trading platform with their collocated execution data centres.
  • The spread trading tool called Autospreader is available for the synthetic spread of orders.
  • You can keep track of your prices working orders your profit and loss and your positions.

IIFL mutual funds:

IIFL mutual funds let you invest in mutual funds and invest through SIP’S without paperwork and documents from top fund houses with the help of expert research team recommendations. You can Track & Monitor your Fund Performance, Portfolio Insights and statements.

Fund screener is available with buy or sell options comparing latest and NAV'S and the company's NAV history AUM, risk performance, the scheme information and asset allocation etc.

  • Systemic investment plan(SIP) is available with a click.
  • the IIFL mutual funds app has the list of best-performing schemes across equity debt and hybrid categories of mutual funds.
  • The app is secure to the core and doesn't save any sense of information about the device using the app.
  • along with the IIFL other apps, it also has a easy expert support to keep your investments safe.
  • You can redeem the short-term investments instantly.
  • in-depth analysis and expert views from fund houses are available in the fund managers speak section.
  • You can access the IIFL markets app which is integrated to the IIFL Mutual Funds app.
  • New section gives you the latest and real-time industry news coverage.

Indiainfoline Education & Research

Though they don’t provide any stock market education, they assist you with livestock market news and their research team is one of its kinds in the industry. Tips they give will have a great potential for accuracy. the research is presented in a lucid and easy to understand way which makes the investors and traders make wise decisions without spending much time on the analysis and it helps you in making own investment decisions.


Indiainfoline Customer Service

They have the following channels for communication. They don't have a Toll free number or whats app chat number.

Technology or Trading related queries @022-41514151

Equity/Currency and commodity/ spot @022-40071000

You have access to their customer service 24/7*

You can also call and trade as a regular customer for an extra pay and for premium customers call and trade will be free. As per the review all  over the web their customer service is not that good. So it is not that good expect big from their customer service.

 


Indiainfoline Closing Thoughts

Though IIFL  is a reputed brokerage firm with great access to various segments under one roof with fast and reliable trading terminal.They have many brokerage options which leads to confusion and their brokeraage  structure is also not at all affordable and their customer service is also not upto the mark. The incorporation of discount brokers around 2010 made IIFl sign up look like a unaffordable step for a regular trader. Their brokerage plans and on top of thet their customer service is not upto the mark.