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Fisdom is an emerging stock broking brand in India by Finwizard Technology. It was founded in 2015 by Mr. Subramanya SV and Mr. Anand Dalmia. The company is headquartered in Bangalore and provides various financial services to its clients.
Fisdom started as a mutual fund company, but later on, it entered into stock broking, insurance, and tax filing services.
The company is a member of NSE and BSE and is regulated by SEBI anf AMFI. It is also registered with CDSL. Fisdom offers trading and investment services in Equity, F&O, and Currency. Currently, they do not offer to trade in the Commodity segment. Fisdom also provides investment services in mutual funds.
Fisdom offers its customers three different brokerage plans: Fisdom DIY, Fisdom Classic, and Subscription based Unlimited trading plan.
Fisdom offers up to 4 times exposure in the equity intraday segment. Exposure in F&O and currency segment is not available in Fisdom.
Fisdom is one of the fasted growing stock broking firms in India. Currently, they have a decent client base of 68000 active clients with NSE.
As mentioned above, Fisdom offers three different brokerage plans:
Fisdom DIY brokerage plan is a discount brokerage plan, while Fisdom Classic is a traditional one. The Fisdom DIY plan will charge the customer a maximum of Rs 20/order. In the Fisdom Classic plan, brokerage charges will be percent based. In a subscription-based plan, the brokerage is fixed for a specific period, and clients can trade unlimited trading.
Fisdom DIY plan is a discount brokerage plan. In this plan, the brokerage charges are Rs 20/order, irrespective of trading volume and trade quantity. That means the client has to pay a maximum brokerage of Rs 20 per executed trade. This plan is for all segments offered by Fisdom.
Segment | Fisdom DIY Brokerage Plan |
Equity Intraday | Rs 20 per executed order |
Equity Delivery | Rs 20 per executed order |
Equity Futures | Rs 20 per executed order |
Equity Options | Rs 20 per executed order |
Currency Futures | Rs 20 per executed order |
Currency Options | Rs 20 per executed order |
Commodity Futures | N/A |
Commodity Options | N/A |
Fisdome Classic plan falls into the traditional brokerage category. In this plan, brokerage charges are based on percentage. In this plan, brokerage charges are 0.03% for equity intraday, equity futures, and currency futures, and 0.30% for equity delivery. For equity and currency options, brokerage charges are Rs 20/lot.
Segment | Fisdom Classic Brokerage Plan |
Equity Intraday | 0.03% |
Equity Delivery | 0.30% |
Equity Futures | 0.03% |
Equity Options | Rs 20 per lot |
Currency Futures | 0.03% |
Currency Options | Rs 20 per lot |
Commodity Futures | N/A |
Commodity Options | N/A |
Only a few stock brokers in India offer unlimited brokerage plans in India. Fisdom is one of them. Fisdom offers subscription-based unlimited brokerage plans for 60 days, 180 days, and 365 days. Brokerage charges are Rs 2499 for 60 days subscription, Rs 5999 for 180 days subscription, and Rs 9999 for 365 days subscription. These plans cover all segments offered by Fisdom.
Fisdom Unlimited Brokerage Plan | ||
Segment | Validity | Pricing |
Equity Intraday Equity Delivery Equity Futures Equity Options Currency Futures Currency Futures | 60 Days → 180 Days → 365 Days → | Rs 2499 Rs 5999 Rs 9999 |
Fisdom Charges | Equity Intraday | Equity Delivery | Equity Futures | Equity Option | Currency Futures | Currency Options |
STT/CTT | 0.025% on the sell side | 0.10% both buy & sell | 0.01% on sell side | 0.05% on sell side (on premium) | No STT | No STT |
Turnover Charges | NSE: 0.00345% BSE: 0.00345% | NSE: 0.00345% BSE: 0.00345% | 0.00250% | 0.075% | 0.00160% | 0.055% |
GST | 18% | 18% | 18% | 18% | 18% | 18% |
Stamp Duty | 0.003% | 0.015% | 0.002% | 0.003% | 0.0001% | 0.0001% |
Sebi Fee | 0.00005% | 0.00005% | 0.00005% | 0.00005% | 0.00005% | 0.00005% |
Apart from the above charges, there are some other charges too.
Call and Trade, RMS auto square off, and payment gateway charges are free or not applicable for the Fisdom Classic brokerage plan.
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Fisdom offers a hassle-free demat account opening process. There are both online and offline processes available for account opening. With the online account opening process, you can complete the Fisdom account opening form within 5 minutes.
Account opening charges at Fisdom are free for a limited time. So if you want to open an account in Fisdom then open your account immediately.
Also in the Fisdom, account maintenance charges (AMC) are also free for the first year. From the second year onwards the AMC charges are 299 + GST.
Type of account | Fisdom DIY | Fisdom Classic | Fisdom Unlimited |
Account Opening Charges | Free for limited period | Free | Free |
AMC Charges | Free for first year, 2nd Year onwards Rs 299/- + GST | Free for first year, 2nd Year onwards Rs 299/- + GST | Free for first year, 2nd Year onwards Rs 299/- + GST |
Opening a demat account with Fisdom is a simple and easy process. Fisdom is a financial platform that helps you invest your money and grow your savings.
Here are the steps to open an account with Fisdom:
To open an account with Fisdom, you will need to provide certain documents as per their requirements. These documents may include:
To open an account online, your Aadhaar card must have a linked mobile number with it. The online process takes 5 minutes to complete. Your account will be open within 24 hours after you complete the process.
To open a Fisdom account offline, download account opening forms from the Fisdom website. Send these fully filled forms along with mandatory documents to the Fisdom office address.
Also, you can call the Fisdom office and their representative will help you to open an account. The offline process takes approximately 48 working hours to open your demat account.
Fisdom provides a mobile app and web-based trading platform for trading.
Fisdom mobile app is rated 4.7/5 stars on Google and Apple play store. Fisdom’s web-based platform is also super easy.
In Fisdom mutual funds you can start SIP with a monthly investment as low as Rs 500. For lumpsum investment, the minimum amount is Rs 1,000.
With Fisdom you can invest in ongoing mutual fund schemes as well as in NFOs (New fund offers). Also, you can Pause and cancel the SIP anytime as per your requirement.
You can invest in the NPS (National pension system) through Fisdom. You can make the contribution in any mode – monthly, quarterly, half-yearly, or yearly. Also, you can increase or decrease the contribution amount in the subsequent years.
Fisdom Pros & Cons as follows:
Yes, Fisdom is a safe platform to invest.
Fisdom is registered with NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). It offers demat services through CDSL (Central depository Services Ltd).
It is regulated by India’s top regulators, SEBI (Securities Exchange Board Of India) and AMFI (Association Of Mutual Funds In India)
Also, Fisdom uses high-level encryption in its trading platforms to protect user data and investments.
All these reasons make Fisdom a safe and secure investment platform.
Yes, Fisdom is registered with SEBI, which means it follows regulatory guidelines set by SEBI.