Religare Enterprises Limited (REL) is the holding company for one of India’s leading diversified financial services groups. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, includes loans to SME’s, Capital Markets, Wealth Management, Life and Health insurance and Asset Management. REL is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.
As a group REL caters to almost every segment of the market starting from mass retail to affluent, HNI’s, UHNI’s, mid-size corporates, SME’s to large corporates and institutions. The group has a presence across 2000 plus locations in India and also has an international footprint beyond India through its Capital Markets & Global Asset Management businesses.
Religare Securities Ltd. (RSL) is a wholly owned subsidiary of Religare Enterprises Limited (REL), a leading diversified financial services group from India. RSL is one of the market leading securities firms in India serving over 8 lakh clients across both Offline and Online platforms. Through its extensive footprint extending to over 500 cities, the company offers broking services in Equity, Currency and Commodity (through its subsidiary Religare Commodities Limited) as well as depository participant services.
RSL is a member of the NSE, BSE, MCXSX, USE and a depository participant with NSDL and CDSL. RSL also offers TIN facilitation & PAN facility at select branches – a unique service to help an individual with PAN, TAN and TDS/TCS returns related requirements. In addition, RSL is an NSDL-appointed enrolment agency for Aadhaar UID (Unique Identification Number) and an AMFI-registered mutual fund distributor.
Religare allows customer to choose from a wide range of financial services through its sophisticated and customized trading platform called R-ACE (Religare Advanced Client Engine). Given below are 3 types of R-ACE accounts available to investors.
- R-ACE (Basic)
R-ACE (Religare Advanced Client Engine) is a basic online trading account provided by Religare. Investors can trade and access their account information both online as well as over the phone. This account comes with a browser-based online trading platform with no requirement of an additional software installation.
- R-ACE Lite (Advanced)
R-ACE Lite is the advanced trading platform, which provides all the features as provided by R-ACE (Basic) account. Additionally it also provides real-time streaming stock quotes and alerts. This account comes with a browser-based online trading platform with no requirement of an additional software installation.
- R-ACE Pro (Professional)
As the name indicates this account is meant for high volume traders. In addition to the features mentioned above, it also comes with a Trading Terminal Software which needs to be installed on your computer. This terminal directly connects the investor to the stock market and is equipped with all industry standard Trading Terminal features such as technical charting (intra-day and EOD), multiple watch list, advanced hot-key functions for faster trading, derivative chains, futures & options calculator etc.For both basic and advance accounts, trading is available online and through dedicated Call ’N’ Trade Desk over phone.
Religare’s Trading Brokerage, AMC and Fees
Religare offers three kinds of online accounts (as stated above) with zero account opening fees. They provide different brokerage options based on the volume and frequency of trading, as well as to suit the needs of both beginners and traders.
- Brokerage at Religare
On the basis of volume and frequency of trading, Religare provide different options for brokerages. On the broader way they divided into three categories:
- Classic Account
Intraday brokerage varies from 0.3% to 0.5%.
Delivery brokerage varies from 0.30% to 0.50%.
Derivatives brokerage varies from 0.3% to 0.5%.
- Freedom Account
In this payment scheme, investor has to pay a fix amount in advance for Monthly (Rs 500/-), Quarterly (Rs.1400), Half-yearly (Rs 2500) or Annual Subscription (Rs 4000). This one time payment enable account holder to trade for Rs. 3,00,000 intraday & derivative trading and Rs. 40,000 of delivery based trading for zero brokerage.
- Trump Account
Trump account has two payment options, Trump Plus and Trump Super plan:
1. Trump Plus has annual subscription fees of Rs 2,500, Brokerage on Delivery Trades of 0.25% and Brokerage on Intraday Trades & F&O Trades of 0.025%.
2. Trump Super has annual subscription fees of Rs. 15,000, Brokerage on Delivery Trades of 0.15% and Brokerage on Intraday Trades & F&O Trades of 0.015%.
- Classic Account