Context:
SBICAP Securities Limited, a subsidiary of State Bank of India (SBI), has launched ‘ProZero’, a new trading plan aimed at retail investors, offering zero brokerage on intraday trades.
Key Highlights:
- Plan Name: ProZero
- Launched by: SBICAP Securities Ltd (SBI Securities)
- Features of ProZero:
- Zero brokerage for intraday equity, futures, and options trading.
- No hidden fees or platform charges.
- Accessible via mobile app and web platforms.
- Integrated with SBI Securities’ research and real-time trading tools.
- Other Trading Services:
- Non-intraday trading activities continue under the existing flat fee structure of ₹20 per order.
- Target Audience:
- Fee-sensitive retail traders.
- Experienced high-frequency intraday traders.
- Strategic Goal:
- To enhance market participation among cost-conscious investors while retaining SBI Securities’ research-driven service model.
About SBI Securities
- A full-service stockbroker under the State Bank of India group.
- Offers services in:
- Equity & derivatives trading
- Mutual funds
- Portfolio management
- Wealth advisory
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