SAS ONLINE

3.5 Overall

SAS Online is one of the recent stockbrokers in the Indian discount broking landscape. It delivers an ultra-competitive brokerage for the Indian traders and an easy-to-use platform. They are, by far the cheapest share broker.

Brokerage Charges4.5
Platforms & Tools 2.0
Customer Service 2.5
Cons
  • IPOs & Mutual Funds Investments are not possible
  • Below Average Trading Platform
  • No support for NRI trading

SAS Online Overview

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Considering the rising number of discount brokers in town, it is important for any new startup to offer something unique in order to create a mark in the broking industry. To give a tough competition to the existing discount brokers in the market, in 1995, SAS Online Brokerage (South Asian Stocks Ltd.) jumped into the Discount Broking bandwagon in April 2015, and is doing fairly well since then. SAS Online offers brokerage service for stocks, future and options, currency and commodities at NSE, BSE and MCX exchanges.

 SAS stands for South Asian Stocks Ltd and was started by a young entrepreneur Shrey Jain. It started providing services as a discount broker from April 2013. Similar to other discount brokers, SAS online also functions with computerized automated systems from a single centralized office located in Delhi, India.

 As of Aug 2019, SAS online does a turnover of more than INR 10,000 Crore and has more than 3 lac customers spread across more than 750 cities in the country. SAS Online contributes to over 1% of the total Indian market turnover with more than 1 lac transactions taking place daily.


SAS Online Brokerage Charges

There are different plans that SAS Online offers including fixed brokerage plan and  monthly subscription plans as shown below:

  1. Rs 9 per trade Plan

    This SAS Online trading plan offers trading at flat Rs 9 per trade irrespective of the trade size executed. 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.
     
  2. Rs 999 MCX Plan

    This trading plan offers unlimited monthly trading in commodities at MCX stock exchange for flat Rs 999 per month.
     
  3. Rs 999 Equity Plan

    This SAS Online 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.
     
  4. Rs 499 Currency Plan

    This plan offers unlimited trading in the currency derivatives segment at NSE for flat Rs 499 per month.

SAS Online Brokerage Charges 2019

SAS Online Charges EQUITY Delivery EQUITY Intraday
Brokerage (Rs 999 MCX Plan / Rs 999 Equity Plan / Rs 499 Currency Plan) Rs 0 Rs 0
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower 0.01% or Rs 9/Trade whichever is lower
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction / Turnover Charges Rs 325/crore Rs 325/crore
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges Rs 15/Crore Rs 15/Crore
Stamp Duty * *
SAS Online Charges Futures Options
Brokerage (Rs 999 MCX Plan /Rs 999 Equity Plan / Rs 499 Currency Plan) Rs 0 Rs 0
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower Rs 9/trade
STT 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover Charges Rs 220/crore Rs 5500/crore on premium turnover
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges Rs 15/Crore Rs 15/Crore
Stamp Charges * *
SAS Online Charges Currency Futures Currency Options
Brokerage (Rs 999 MCX Plan / Rs 999 Equity Plan / Rs 499 Currency Plan) Rs 0 Rs 0
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower Rs 9/trade
STT No STT No STT
Transaction / Turnover Charges Rs 120/crore Rs 5500/crore on premium turnover
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges Rs 15/Crore Rs 15/Crore
Stamp Charges * *
SAS Online Charges Commodity Futures
Brokerage (Rs 999 MCX Plan / Rs 999 Equity Plan /  Rs 499 Currency Plan) Rs 0
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower
CTT 0.01% on Sell Side (Non-Agri)
Transaction / Turnover Charges Non-Agri: Rs 360/crore
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge)
SEBI Charges Rs 15/Crore
Stamp Charges Rs 100/Crore

* stamp duty is charged based on the state.

SAS Online Charge Structure Explanation:
  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at ?15 per Crore.
  • Transaction or Turnover Charges: This is charged at ?325/crore for Equity, ?220/crore for Futures, ?5500/crore on premium for options.

Customers prefer trading through SAS Online because they do not have any hidden costs, and offers a hassle free transparent trading experience.


SASOnline Account Opening Charges
  • Trading Account Opening Charges (One Time): Rs 200
  • Demat Account Opening Charges (One Time): Rs 200
  • Commodity Account Opening Charges (One Time): Rs 200
  • Demat Account Annual Maintenance Charges (AMC): Rs 200 + GST
  • Trading Account Maintenance Charges (AMC): Nil
  • Commodity Account Maintenance Charges (AMC): Nil

SAS Online Other Charges

ID Transaction Demat Charges
1 Demat Account opening charges Rs 200
2 Annual Maintenance charges (AMC) For Individual- Rs 200
For Non Individual- Rs 500
3 Transaction charges (Debit) Rs 9 per debit instruction + depository charges at actual
4 Pledge Creation Charges Rs50 per transaction
5 Pledge Creation confirmation Nil
6 Pledge Closure / Closure confirmation Nil
7 Pledge Invocation Rs 50 per Transaction
8 Dematerialization Charges Rs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams
9 Rematerialization Charges Rs 25 per certificate or 0.05% of the value whichever is higher + Depository charges at actuals
10 SLB Charges Rs 25 for Security Lending & Borrowing + Depository charges separately
11 Failed or Rejected Transactions Rs 30 per transaction
12 Demat Rejection Charges Rs 35 per rejection for every 500 grams
  • 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

You can request SAS Online to courier you account opening forms by sending an email to sales@sasonline.in 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. ALPHA is a re-branded Omnesys NEST trading platform. ALPHA is considered to be the most powerful and secure trading platform. Here are the details:

SAS Online ALPHA Trader

ALPHA Trader is a desktop-based application that can be easily downloaded and installed on the machine. The platform offers the following features:

  • Every component on the application can be customized as per the requirement of the user.
  • User can perform self-analysis by observing market trends and using advanced charting features
  • Offers high-speed real-time market information from across all three exchanges
  • Offers more than 80 technical indicators and 10 types of charts for effective stock market analysis
SAS Online ALPHA Web

ALPHA Web as the name suggests is a web-based trading platform. It is cloud-based browser that can run on a laptop or desktop without any need for download or installation. Here are some of the unique features of the platform:

  • It is compatible with major browsers
  • Offers real-time quotes
  • Offers seamless training options to the customers
  • Lightweight and easy to use
  • Offers more than 100 technical indicators and 10 types of charts

The user experience can be improved making easy trading possible.

SAS Online ALPHA Mobile App

The SAS Online mobile trading app can work seamlessly on Android, Windows, & iOS platforms. Customers get flexibility to trade, easy access to market information, and real-time quotes. Here are some unique features of ALPHA mobile app.

  • Seamless trading across Equity, Futures & Options, Currency & Commodity
  • Access intra-day charts to make the right trading decisions
  • Check and manage holdings
  • Position Square-off options

The trading platforms also offer :

  • Zero downtime with tick by tick market updates
  • Easy transfer funds via payment gateway
  • Receive trade confirmations on registered mobile number

Despite having so many features, there are some aspects that need improvement. To mention some,

  • The user experience of the app especially while using the charts is not satisfactory
  • Users face frequent log off without any warnings
  • The app performance is slow and depends greatly on the internet connection
SAS Online Nest Trader

This platform can be easily installed on your computer and used for all trading purposes. Some of the top features include:

  • The software offers flexibility is easy-to-use.
  • Offers multiple charts and indicators to identify the market trends and perform technical analysis
  • You can trade across multiple exchanges such as BSE, NSE and MCX
  • Monitor your current holdings, net positions and funds.

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.


 Advantages of SAS Online
  • Margin against shares is available to customers
  • Margin funding is available
  • Monthly unlimited trade plans is available
  • All software terminals are free to use
  • Offers referral schemes, refer friends and earn 20% of the brokerage paid by them
  • Trading platform is available for Mac and Linux
Disadvantages of SAS Online
  • Does not offer 3-in-1 account
  • Does not offer facility to invest in IPOs, FPOs, Mutual Funds, FDs, NCDs, and Offer for Sale (OFS)
  • Call and Trade is available at an additional cost of Rs 20 per executed order
  • Good Till Cancelled (GTC) and Good Till Date (GTD) is not available
  • Back office is not integrated for real-time data

SAS Online Customer Service

SAS Online offers the following communication modes for its clients:

  • Email – support@sasonline.in
  • 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 problem can be improved. The firm also needs to train their customer service executives well so that they can cater to the customer requirements efficiently.


SAS Online Closing Thoughts

SAS Online has made its mark in the discount broking industry. Amidst all the competition, SAS Online stands out for its trading platforms and services. However, there are several factors discussed in the blog which needs improvement. If you are well-versed with trading tricks and tips, and are simply looking for low brokerage firm, then SAS Online is an ideal match.

SAS Online is well-known for their services and customer relationship. Overall, the future of SAS Online is bright.