SAS Online Overview
Incorporated in 1995, SAS Online Brokerage (South Asian Stocks Ltd) jumped into the Discount Broking bandwagon in April 2015 and doing fairly well. SAS Online offers brokerage service for stocks, futures and options on NSE, BSE and MCX exchangess.
As of today, SAS online does a turnover of 7000+ Crore and claims to have 10,000 clients. Since the major operations are done online, without any offline support -partners or franchises, SAS Online like discount brokers offers trading at low brokerage rates.
SAS Online Brokerage Charges
There are different plans that SAS Online offers including fixed brokerage plan and monthly subscription plans as shown below:
- Rs 9 per trade Plan
This SAS Online trading plan offers trading at flat Rs 9 per trade irrespective to the size of the trade. The brokerage is charged as 'Rs 9 per executed order or 0.01% whichever is lower'. Trading is available at BSE, NSE and MCX stock exchanges in equity, commodities and currency derivative segments.
- Rs 999 MCX Plan
This trading plan offers unlimited monthly trading in commodities at MCX stock exchange for flat Rs 999 per month.
- Rs 999 Equity Plan
This SASOnline plan offers unlimited trading in equity segment for flat Rs 999 per month. Trading under this plan is available at BSE Cash, NSE Cash and NSE F&O segment.
- Rs 499 Currency Plan
This plan offers unlimited trading in currency derivatives segment at NSE for flat Rs 499 per month.
SAS Online Other Charges
- Call and Trade feature is available at an extra cost of 20 Rs per call + Service Tax.
- Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of 9 Rs per contract + Courier charges +CDSL charges
- Money withdrawals charges applies as per RBI guidelines.
- Instant payment gateway charges - Rs 9 per fund transfer.
- Standard NSE charges, transaction charges and statutory levies are charged.
Account Opening Charges:
- Trading Account Opening Charges (One Time): 200 Rs
- Demat account Opening Charges (One Time): 200 Rs
- Demat Account Annual Maintenance Charges (AMC): Rs 200 + service tax
- Commodity Account Opening Charges (One Time): 200 Rs
Request a Courier - You can request SAS Online to courier you account opening forms by sending an email to email@example.com mentioning your address and contact details and they will courier the form to you. Courier charges of Rs. 100 + account opening charges will be levied.
SAS Online Platforms & Tools
SAS Online provides terminal based, web based and mobile app based trading platforms to its users.
Here are the details:
SAS NEST Trader:This is the terminal based platform that can be downloaded and installed on your computer for trade across NSE , BSE and MCX from a single window.It allows fast execution of orders with real time monitoring.It is also available in mobile version.
SAS Online Mobile Trader: SAS Online supports mobile based trading by allowing you to download their trading app called 'SAS Mobile'.It is a highly secured smart phone application for Android,I-phone and Windows for real time feed and to track orders and positions on the go.
SAS Web HTML 5 :This is the light and adaptable web based platform which works on any web browser,no need to install or download anything.The web address for this is www.trade.sasonline.in
SAS Online Education & Research
SAS Online don't give stock tips or research report regarding buying and selling of stocks nor help traders & investors to booste knowledge about financial market by provding offline or online educational blogs in order to succeed.
SAS Online Customer Service
SAS Online offers the following communication for its clients to get in touch with them:
- Email – firstname.lastname@example.org
- Phone – (011)4040 9999
- Web Chat
As of now SAS Online is doing a resonable job when it comes to customer service with multiple ways for the client to reach back to the stock broker. However the turnaround time for fixing the problen can be improved.
SAS Online Closing Thoughts
SAS Online is aroung the good one within discount broking space. But at the same time, it seems that they are more or less part of the herd that was created with the waves of discount broking in India. Setting up a sales team, offering low brokerge with the help of outsourced trading platform shows high business opportunity but less responsbility towards clients.
SAS Online is relying primarily on low brokerage and decent exposure but that is not a long term survival strategy.
|Year of Incorporation||1995 as South Asian Stocks|
|Demat||NSDL - own demat|
|Exchange Enabled||NSE BSE & MCX|
|Intraday||5 Days on NOW|
|End of Day||10 Years on NOW|
|Equity Delivery||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
|Equity Intraday||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
|Equity Futures||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
|Equity Options||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
|Currency Futures||Choose from Unlimited for Rs 499/Month or Rs 9/Executed order|
|Currency Options||Choose from Unlimited for Rs 499/Month or Rs 9/Executed order|
|Commodities||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
|Equity Intraday||Upto 20 times|
|Equity Delivery||No leverage|
|Equity Options||Buying 0 & Shorting upto 2 times|
|Equity Futures||Upto 5 times above Span|
|Currency Futures||Upto 2 times for Intraday|
|Currency Options||Buying 0 & Shorting upto 2 times|
|Commodities||Upto 5 times on Span|
|Turnover & Other Costs|
|Equity||0.0035% of Turnover|
|Equity Futures||0.0025% of Turnover|
|Equity Options||0.065% of Premium Turnover|
|AMC Charges||Rs 200|
|DP Charges||Rs 15/Debit Transaction|
|Commodities||Rs 310 per Cr.|
|Broker Assisted trades||Rs 20/ Executed Order|
|Active Clients 2016||4,091|
|Active Clients 2015||5,617|
|Active Clients 2014||8,812|
|Online Trade Reports|
|Online PNL Reports|
|Online Contract Notes|
|Accounting Opening Costs|
|Trading Only||Rs 200|
|Trading Demat||Rs 400|
|Support & Tools|
|Research & Tips|
|Training & Education|