SAS Online Overview
Incorporated in 1995, SAS Online Brokerage (South Asian Stocks Ltd.) jumped into the Discount Broking bandwagon in April 2015 and are doing fairly well since then. SAS Online offers brokerage service for stocks, futures, and provide options on NSE, BSE, and MCX exchanges.
As of today, SAS online does a turnover of more than INR 7000 Crore and claims to have 10,000 clients. Since the major operations are done online, without any offline support - partners or franchises, discount brokers like SAS Online 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 of the trade size. 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 the 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 Rs 20 per call + Service Tax.
- Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of Rs 9 per contract + Courier charges + CDSL charges
- Money withdrawal charges apply 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): Rs 200
- Demat Account Opening Charges (One Time): Rs 200
- Demat Account Annual Maintenance Charges (AMC): Rs 200 + service tax
- Commodity Account Opening Charges (One Time): Rs 200
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. 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 is now also available in the mobile version. It allows fast execution of orders with real-time monitoring.
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 smartphone application for Android, iPhone, 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, and does not require any download or installation. The web address 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 boost their knowledge about the financial market, by providing offline or online educational blogs in order to succeed.
SAS Online Customer Service
SAS Online offers the following communication modes for its clients:
- Email – firstname.lastname@example.org
- Phone – (011)4040 9999
- Web Chat
As of now, SAS Online is providing a reasonable customer service with multiple ways for the clients to contact the stockbroker. However, the turnaround time for fixing the problen can be improved.
SAS Online Closing Thoughts
SAS Online is among the good ones within the 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 brokerage with the help of outsourced trading platform shows high business opportunity but less responsibility towards the clients.
SAS Online is relying primarily on low brokerage and decent exposure but that is not a long-term survival strategy.