Wisdom Capital Demat Account

Are you thinking to become the client of Wisdom Capital, one of the decently-growing stockbroker of India, then here is what you should know about the Wisdom Capital Demat Account.

Before jumping into the detailed review and process of opening the Demat account with Wisdom Capital here is something you should know about the firm.

Wisdom capital is the emerging discount broker of India that offers the leverage in trading to its customers, especially for the intraday trading.

The firm is incorporated in 2013 as a subsidiary of the Ashlar Group of Companies. It has its membership with the NSE, BSE, MCX-SX, MCX thus giving the customers the chance to trade across different segments like Equity, Futures Trading, Options Trading, Currency, Commodity, etc.

Impressed by its services, so dig deeper to learn about the Demat Account facility of the firm.

Wisdom Capital Demat Account Review

Wisdom Capital Demat Account allows traders to trade easily in the different stock market segments and in securing their shares in the account.

In simple terms, the Demat account works similarly to the bank account. Where the bank account is used to save the price range the Demat Account is used to withdraw and deposit funds.

It is used to save and deposit securities in the digital and electronic form. Apart from this, it is used to serve various motives and advantages that help you reap the maximum of your investment.

Wisdom Capital doubles this benefit by offering a Demat Account for free. No wonder, it is the best and reliable trading firm that helps you to gain flawless trading experience and better return on investment.

With the Wisdom Capital Demat Account, you would be able to avail of the assisted broking services to its users.

Also, the firm offers the provision for automated internet trading and powerful assistance and recommendations from the professionals.

So, you can reduce the overall cost and can save up to 90% on brokerage and other services.

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Wisdom Capital Demat Account Opening

When it comes to how to open demat account with the Wisdom Capital you can open the account in the three different ways:

• Opening a Demat Account Online
• Opening a Demat Account Offline
• Requesting a Soft Copy Via Email or by a Courier

Wisdom Capital Demat Account Opening Online

Since the firm is known for offering advanced and automated trade, therefore, you can open the Demat account with the firm online.

To process the account opening process via the online method you have to follow a few simple steps discussed below:

• Gather all the documents required to open the Demat account.
• Scanned PAN Card, Aadhaar Card, Income Proof, Canceled cheque, Signature, Passport size photograph and mail them to the admin@wisdomcapital.in
• RM will then fill the form online through e-KYC.
• Validate all the information via OTP
• Once the form is completed the document is verified proceeding than submit the e-sign by entering another OTP send to your registered mobile number.

After the e-sign your account opening process is complete and the account is activated within 24 hours.

Wisdom Capital Demat Account Opening Offline

Apart from the online process, you can open the account offline. For this follow the steps given below:

• Mail the scanned copies of PAN Card, Address Proof, Canceled Cheque at the support@wisdomcapital.in
• Also, mail the segment and brokerage plan.
• In case you want to trade in NSE Cash-Segment than also send the scanned copy of the client master of the existing Demat account.
• On receiving the scanned document the firm email you the form to your email address.
• Take a printout, fill all the details, and sign at all the required places.
• Stick your latest passport size photograph and attach the self-attested documents.
• Courier the complete application form to the address below
  • Wisdom Capital
    A-38, Sector-67
    Noida, 201301

Requesting a Softcopy via Email

Apart from the above two methods, you can also open the Wisdom Capital Demat Account by requesting the account opening via email. For this, the user needs to follow a few simple steps:

• Send the email at helpdesk@wisdomcapital.in regarding the placement of the request of a soft copy of the blank form.
• Once you receive the form, download it and take a printout.
• Stick the photo to it and sign to all the required place.
• Attach the self-attested copies of the essential documents and courier it to the broker’s office.

Other than this you can also place a request of a courier. For this, simply send an email to the helpdesk@wisdomcapital.in requesting the account opening form and send you to address and account details.

The firm then sends you the form via courier.

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Interested in opening a Demat Account

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Wisdom Capital Demat Account Opening Documents

For opening Demat Account with any broker you have to submit a few important documents, the brief of which has already been discussed in the opening process.

Here is the detailed and complete list of the account opening document that helps you in opening your account in no time.

List of Demat Account opening documents:

Address Proof

• Voter ID Card
• Aadhaar Card
• Electricity Bill (not older than 3 months)
• Telephone Bill
• Ration Card

Identity Card

• PAN Card
• Aadhaar Card
• Driving License
• Passport
• Voter ID Card

Income Proof

• Bank Statement
• Salary Slip
• ITR
• Form 16

Apart from this, submit the latest passport size photograph and a canceled cheque with the account number on it.

Along with the documents, there are some additional documents like the agreement between the Depository Participant and the investor. It includes certain terms, charges, rules, and regulations for possessing the Demat Account.

Once you are done with all the major formalities you will obtain a BOID  or Beneficiary Owner Identity Number. It is a unique account number that can be used to process future transactions and account operations.

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Wisdom Capital Demat Account Charges

When opening the Demat Account with the Wisdom Capital, you have to pay certain fees.

The major Demat Account charges in India applied by the broker are:

• Account Opening Charges:

Investors have to pay these charges to open the new account to carry out the trade. If thinking of opening the Demat Account with the Wisdom Capital, then here is good news as the broker does not impose any account opening charges. Thus, you can open the online demat account for free with the broker.

• Annual Maintenance Charges

Annual Maintenance Charges or AMC are the fees collected by the broker to keep the shares of investors for the futures trading.

These charges vary from broker to broker.

Considering the AMC charges of the Wisdom Capital, the broker charges ₹999+GST (one time) to avail the Pro plans. While the Wisdom Capital Ultimate Plan is available for free.

• Custodian Charges

It is another brokerage or the financial institution fees that the trader pays to the broker to hold the stocks and securities. These charges are meant to reduce the risk or theft of shares and securities.

These fees are generally charged every month and depends on the volume of securities and is equal to ₹0.5 to ₹1 per ISIN per month.

Wisdom Capital does not charge any custodian fees.

• Transaction Charges

These charges are imposed by the brokerage house for buying and selling of shares or securities.

Here is the brief of the Demat Account charges.

 

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Wisdom Capital Demat Account Closure

Although the firm offers many different ways to open the account for closing the Demat account one has to apply offline.

• Visit any of the nearby branches of the Wisdom Capital.
• Clear all the dues and return the unused offline Demat transaction slips.
• Fill the account closure form and keep a copy of the same.

Once you are done your account will be processed in the 7 working days. The customer receives the confirmation in 15 days.

In case you did not receive any notification, it is good to contact the Wisdom Capital customer care or visit the local branch.

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Wisdom Capital Demat Account Advantages

The firm gives you many reasons to open the Demat account.

Some of the major benefits are discussed below:

1. It opens the trading option in different segments including equity, commodity, and currency.

2. You can open the Demat account for free and avail the benefits of the least brokerage charges.

3. Along with this, it gives you access to use its trading platforms and mobile apps without charging any additional fees.

4. Also, opening a Demat Account with the Wisdom Capital gives you the chance to experience the semi & fully automated Algo Trading.

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Wisdom Capital Demat Account Disadvantages

Along with the advantages discussed above, there is a certain drawback of choosing the Wisdom Capital for opening the Demat Account. Some of them are:

1. It does not offer the facility to invest in some of the trading segments like IPO, FPO, Mutual Funds, Offer for Sales (OFS), NCDs, and FDs.

2. To reap the benefit of Algo Trading the trader have to submit the additional sum of ₹550 per month for semi-automated trading.

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Conclusion

So one can say the Wisdom Capital Demat Account is the perfect partner for traders who are looking for the trading partner who is meant to make trade seamless and less hectic.

It offers the facility of instant fund transfer that not only saves time but also assures the secure and safe transaction.

Also, the broker updates the trader with the alert system to notify them of the change in prices. Thus opening a Demat account with the Wisdom Capital helps you to become a smart and wise trader.

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Frequently Asked Questions

1. In offline demat account opening, does any representative from the Wisdom Capital visit client?

If you have chosen PRO-Plan or the Ultimate Plan customer that the executive will come to your doorstep for the KYC verification. For this, place a request regarding the representative visit either by calling the concerned team or by dropping a mail at helpdesk@wisdomcapital.in

2. What type of account should I open with the Wisdom Capital?

Wisdom Capital offers different types of account services. You can choose the one depending upon your trading needs.

• For trading in F&O- Open Trading Account
• For Equity and Derivatives- Open Trading+Demat Account
• To execute Commodity Trade- Choose MCX plus NCDEX

Other than this you can open all in one account and reap the benefit of trade from one trading id.

3. What charges are applicable for opening Wisdom Capital Demat Account?

Wisdom Capital does not charge any fees for opening the account. So you can open the Demat Account with the firm for FREE!

4. Are there any AMC charges for the Wisdom Capital Demat Account?

To operate the account without any hassle you have to pay certain fees as Account Maintenance Charges. Wisdom Capital imposes the amount of ₹300 plus GST for PRO and Ultimate Plans. 

5. How much time does it take to open the Wisdom Capital Demat Account?

If all your documents are correct and verified, then the account opens in 24 hours. The confirmation email is sent to your email id with the valid login credentials. 

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In case you want to learn more, feel free to contact us

 

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