Indiabulls Shubh Review: Indiabulls Ventures has recently launched its Shubh trading platform which is a subscription plan for unlimited trading. The company has been pioneer in trading products and was among the first ones to launch online trading in India. With the latest move, it has combined the benefits of discount broking with unlimited trading. Here is our review of Indiabulls Shubh:
The company is offering its subscription plans starting from INR1,000 per month (plus 18% GST) which allows investors to place unlimited trades on intraday and delivery basis. The product also packs some other benefits including zero-cost margin funding.
Indiabulls Shubh Review: Key highlights
- No brokerage – Zero brokerage in Equity, F&O, and Currency segments for trading at NSE and BSE
- Zero-cost margin trading – Margin funding at 0% depending on subscription. In the base plan of INR2,000 per month, investors get margin funding of INR100,000
- Intraday exposure – Indiabulls Shubh offers intraday exposure of up to 2X in F&O, 5X in Equity Cash segment and up to 4X for margin trading
- Free for first 30 days – The platform is free for new accounts for a trial period of 30 days
- Completely online account opening – New users can simply install the Shubh App (available for Android & iOS devices) and open the account online. No need of sending signed documents
- No extra charges – No need to pay for services like Call & Trade. Users also get access to research reports
- Presence across devices – Investors have the freedom to choose from Shubh Mobile, Shubh Web and Power Indiabulls (PIB) trading terminal
The table outlines the different subscription plans under Indiabulls Shubh
| S. No. | Monthly Fee (INR) | Margin Funding at Zero Interest (INR) |
| 1 | 1,000 | 0 |
| 2 | 2,000 | 1,00,000 |
| 3 | 3,000 | 2,00,000 |
| 4 | 5,000 | 3,25,000 |
| 5 | 7,500 | 5,00,000 |
| 6 | 10,000 | 6,50,000 |
| 7 | 12,500 | 8,50,000 |
| 8 | 15,000 | 10,00,000 |
| 9 | 20,000 | 12,50,000 |
| 10 | 25,000 | 15,00,000 |
| 11 | 30,000 | 17,50,000 |
| 12 | 35,000 | 20,00,000 |
| 13 | 45,000 | 22,50,000 |
| 14 | 50,000 | 25,00,000 |
| 15 | 100,000 | 50,00,000 |
Clearly, the product is a hybrid offering the benefits of zero-cost trading for a monthly fee. It simply results in faster break even for regular traders.
This also means that the product is meant for active traders and may not be advantageous for small investors who do delivery-based trades in equity segment. Such users can shift to Indiabulls’ discount broking plan which offers a flat fee of INR15 per trade.
Indiabulls Shubh Review: Account opening, Demat AMC charges
The above mentioned charges and plans are only for trading and investors will need to pay the charges separately for demat and account opening charges for trading. Here is a quick list:
Shubh account opening charges – INR500
Shubh annual maintenance charge (AMC) – Nil
Demat account opening charges – Nil
Demat account annual maintenance charge (AMC) – INR450
