IFCI Financial Services

IFCI Financial Services Limited (IFIN) was promoted in 1995, by IFCI Limited as a full-service stockbroker. The company provides a wide range of financial products & services.

It is primarily involved in stockbroking, investment banking, mutual fund distribution & advisory, depository participant services and distribution of insurance products.

IFCI Financial Services Review

IFCI Financial Services is registered with NSE, BSE, MCX-SX, NCDEX, NSEL, NSDL and CDSL. It is also registered with IRDA, AMFI and SEBI. The company is a part of a large parent institution, IFCI Limited, which is an All India Financial Institution.

IFCI supports IFIN in its growth. IFCI Financial Services provides services to Indian as well as NRI clients.

IFCI Financial Services Active Clients

IFCI Financial Services reported 5,611 active clients as of 2020-21. The clients of IFCI Financial Services include individuals, retail clients and corporates. The individual clients also include high net-worth individuals and non-resident Indians.

This number puts IFCI Financial services among some of the smallest stockbrokers in India.

Also Read: Top Stockbrokers with Active Clients

IFCI Financial Services Products & Services

IFCI Financial Services majorly provides stockbroking services in equity, derivative trading, commodity trading and currency trading. Along with it, the company offers financial planning services, portfolio management services, institutional research, investment banking and IPO services to its clients.

In addition to the trading, broking and financial management services, IFCI Financial Services undertakes the distribution of financial products constituting mutual funds, fixed deposits and insurance products like life insurance, general insurance and health insurance.

The products also include financial tools like risk analyzer, asset allocator, and other tools for investment plans, child plans, retirement plans, loans, tax, savings and mutual funds.

IFCI Financial Services Research

IFCI Financial Services has a skilled and professional research and advisory team. The team does in-depth research and advises its clients based on it.

The research is done in the fields of equity, commodities, IPO and mutual funds, and the company offers the following reports:

• Gainers & Losers reports
• Bulk & Block deals reports
• Index Movers reports
• Value & Volume Toppers reports
• Out/under Performers reports
• Pre-session, mid-session and end-session commentaries
• Morning Mirror
• Weekly Mirror
• Morning Updates
• Trading Calls

As mentioned above, there are various types of reports and recommendations available by the broker. So quantitywise, there is not much of a concern as the broker furnishes a variety of reports for different types of traders and investors.

At the same time, when it comes to the quality and accuracy of these reports, the broker can do relatively better than its current perusal in the technical tips section. Nonetheless, fundamental reports are pretty decent and can be used as a viewpoint for long-term investment(s).

P.S. IFCI used to publish at least 5-7 more reports but with time, the broker has stopped publishing those for unknown reasons.

---

IFCI Financial Services Trading Platforms

The stockbroker provides the following trading applications to its clients. Here are the details:

IFIN First

It is the browser-based trading platform of IFCI Financial Services.

It is mostly used by traders who are quite new to investing and trading. IFIN First is a comprehensive trading platform which allows the traders to trade from any internet-enabled system, to get access to live market data, news and information.

IFIN First does not require any software installation and is fully customisable to the clients’ needs. The clients receive the latest news, market information, research reports, and this information can be used to trade on different exchanges on a single platform.

The platform also offers live order and trade status, online back office to track the investments, online IPO & mutual funds, and online funds transfer through multiple banks.

IFIN Imperia

IFIN Imperia is the software-based online trading platform. It is more suitable for traders who are more actively involved in trading and trade more frequently. It is similar to a broker’s trading terminal, making it easier to provide all facilities on a single screen.

IFIN Imperia is also customisable and offers shortcut key functions for faster trading. Different exchanges, segments and products are available on a single screen, along with real-time quotes and rates and dynamic charting with indicators.

IFIN Imperia also provides access to the back office, research reports and advisory calls. It also offers more safety with Trading Terminal Security lock.

---

IFCI Financial Services Customer Care

IFCI Financial Services offers customer care services through:

• Email
• Phone
• Toll-free number
• Fax
• Physical branches

The stockbroker provides reasonable customer service to its clients, by understanding their individual needs and catering to them accordingly. IFIN offers specialised services to NRI clients, with dedicated NRI experts and Helpdesk to cater to their needs.

---

IFCI Financial Services Charges

Here are the pricing details that the broker charges to its clients:

• There is no account opening fee for the trading account, and the account opening fee for the Demat account is ₹500.
• The annual maintenance charges are ₹300 per year.

IFCI Financial Services Brokerage

When it comes to the brokerage charges, this full-service stockbroker charges the following brokerage rates from its clients.

• The brokerage charge for intraday trading is 0.03% and 0.3% for delivery trading.
• The brokerage for equity futures is 0.03% of the turnover and ₹50 per lot for equity options.
• Similarly, the brokerage for currency futures is 0.03% of the turnover and ₹50 per lot for currency options.

The brokerage charged is a percentage of the overall turnover of your trade-in the stock market. In other words, if you trade for ₹1 Lakh, then you will be paying the stockbroker a brokerage of ₹300 for a delivery trade.

Check IFCI Financial Services Brokerage Calculator for more information on all sorts of charges and taxes the broker levies on your trades.

IFCI Financial Services Margin

As far as exposure is concerned, IFCI Financial Services offers the following exposure values to its clients across the segments:

• IFIN provides leverage of up to 15 times for intraday trading.
• The exposure provided for delivery trading is up to 2 times.

IFCI Financial Services Advantages

Here are some of the positives of using the services of IFCI Financial Services:

• The research and advisory team of the company is highly skilled and professional, with a good hit ratio.
• The pricing structure is at par with the industry standards and the competitors.
• The trading platforms are advanced and comprehensive.
• The parent company is a stable player in the financial market and supports IFIN in all its endeavours.

IFCI Financial Services Disadvantages

At the same time, here are a few concerns you must be aware of when it comes to IFCI Financial Services:

• The company does not have a mobile application for trading.
• The presence of physical branches is limited.

IFCI Financial Services Membership Information

Here are the membership details of the stockbroker with different regulatory bodies in the Indian stockbroking space:

 

In case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward:

 

IFCI Financial Services Branches

The registered office of IFCI Financial Services is located in New Delhi. It has other branches in Chandigarh, Jaipur, Udaipur, Ahmedabad, Mumbai, Bangalore, Mangalore, Mysore, Calicut, Kolkata, Guwahati and Pondicherry.

IFCI Financial Services has multiple branches in Tamil Nadu in Chennai, Salem, Erode, Coimbatore, Karur, Namakkal, Trichy, Dindigul, Madurai and Tirunelveli. It also has three branches in Andhra Pradesh in Hyderabad, Kakinada and Vijayawada.

You can check this review in Hindi as well.