Edelweiss Elite Plan Review: Edelweiss Broking Limited is a part of Edelweiss Group – one of the leading financial services providing firms based out of Mumbai. The group was incorporated in 1995 and Edelweiss Broking Limited was started in 2008 and today they have more than 1 million clients with them.
Edelweiss has 2 brokerage plans – Edelweiss Lite and Edelweiss Elite plan. In this article, we will quickly review its premium plan, i.e. Edelweiss Elite which is rich in features and high on privileges. Here we will include key features, services of the plan and also see the benefits of the same.
Edelweiss Elite Plan Review – Key Features
With premium features, advisory and dedicated relationship manager the Edelweiss Elite plan focuses on delivering the entire Edelweiss experience at a slightly premium price. The main key features of the plan are –
- Dedicated relationship manager
- Access to exclusive products
- Customized leverage
- Portfolio monitoring and proactive advice
- Free call & trade service
Brokerage and Other Edelweiss Elite Plan Charges
Edelweiss Elite Broking Charges:
| EQ Delivery | 0.300% |
| EQ Intraday | 0.030% |
| EQ Futures | 0.030% |
| EQ Options | Rs.75/ Lot |
| CUR Futures | 0.020% |
| CUR Options | Rs.20/ Lot |
Edelweiss Elite Plan Other charges:
| Margin/ Funding (Leverage) | Cash + Stock Margin For There is No charge incase of traded with full stock margin |
| Delayed Payment Interest (Normal) | 0.06%/ day |
| Delayed Payment Interest (MTF) | 0.06%/ day |
| Switching Charges (Only 2 switches allowed) | Rs.2500 (when switching to Lite) |
Note:
For Edelweiss Elite plan, equity Cash transactions brokerage rates shown above are additionally subject to a minimum brokerage rate. Final brokerage will be calculated as the maximum between existing brokerage rate as per plan and a minimum brokerage rate. This minimum brokerage rate is the lower between ₹25 and 2.5% of transaction value.
One may use Edelweiss brokerage calculator and Edelweiss leverage calculator to see what will be their profit/loss after incurring all the charges. There are few more Edelweiss Elite plan charges we are gonna cover here.
Edelweiss Elite Plan Review – Manual Support, Tools & Ancillary Charges
Edelweiss Elite Manual Support
| Call and Trade (Advisory, Trading) | Free |
| RM/ Advisor | Free |
| Special Situation Trades Assistance | Free |
Quick Read
Edelweiss Elite Plan Tools & Features
| Auto Collateral | Free |
| Standard Tools (Watchlist, Screeners, Alerts etc.) | Free |
| Advanced Charting | Free |
| Market Info | Free |
| Research | Free |
| News (Live, Details) | Free |
| Content | Free |
| Notifications (Whatsapp) | Free |
| Portfolio Organizer | Free |
| Portfolio Optimizer | Free |
| Guided Portfolios | Free |
| Investology | Free |
Edelweiss Elite Ancillary Charges
| DP AMC | Free |
| DP Fees (Trf Out/ Sell)/ Inter-settlement Fees | 0.02% of Value or ₹20 whichever is higher within Edelweiss OR 0.03% of Value or ₹20 outside Edelweiss |
| Payin | Free |
| Payout | Free |
| Physical CML Request | Free |
| Physical Contract Notes | Free |
| Cheque payment | Free |
| Pledge Charges | Free |
| Physical Statement Charges (Ledger, PNL, Tax etc.) | Free |
Edelweiss Elite Plan Review – Benefits
The Edelweiss Elite plan is suitable if you need the following:
- Premium service and priority
- Proactive advisory and regular portfolio monitoring
- Access to exclusive products and special situation trades
- Access to customized leverage and brokerage rates
Closing Thoughts
The Edelweiss brokerage plans provide an opportunity to invest in the stock market at competitive rates along with a host of services like research, Portfolio Optimizer, investment courses, and customized leverage products.
We hope you have liked the Edelweiss Elite plan review and find it helpful. You can read the detailed Edelweiss review 2021 and find more insights. Do let us know your views in the comment section below. Happy trading!
