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MyValueTrade Vs Sykes Ray Demat Account Comparison

The side-by-side comparison of MyValueTrade and Sykes Ray Demat Account. Compare MyValueTrade Vs Sykes Ray Demat account charges, AMC and Fees. Read Sykes Ray and MyValueTrade demat account review.

Find out MyValueTrade Vs Sykes Ray which is better demat account and MyValueTrade Vs Sykes Ray which is best demat account.

Our Master Capital Services Ltd demat account comparison with Sykes & Ray Equities (India) Limited highlights the major differences between two brokers. Find the best demat between MyValueTrade and Sykes Ray.

MyValueTrade Vs Sykes Ray

  Master Capital Services Ltd Sykes & Ray Equities (India) Limited
Master Capital Services Ltd Logo
About the Broker

MyValueTrade (MVT) is a flat fee online stock trading company of Master Capital Services Ltd. My Value Trade offers online flat fee brokerage and unlimited monthly trading plans to retail traders. Trading is offered in Equity, Commodity and Currency Derivatives segment at BSE, NSE and MCX. Master Capital Services is depository participants with the NSDL & CDSL for trading and settlement of dematerialized shares.

Sykes & Ray Equities (I) Ltd. is also a member of BSE & NSE and serving retail clients in Capital Market since last 25 years.

DP ID 12022900 12018600
Contact Info

1012, Arunachal Building, 10th Floor,
19 Barakhamba Road, New Delhi
Delhi India 110001

3Rd Flr, Plot 24/26, Cama Building, Dalal Street Bse, Fort Mumbai Maharashtra India-400001

Services Offered

Equity Trading, Commodity Trading, Currency Derivatives Trading, DP Services, Mutual Funds

Financial Planning, Broking, Research, Online Internet Trading, DP Services

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

MyValueTrade Vs Sykes Ray Demat Account Opening Charges

  Master Capital Services Ltd Sykes & Ray Equities (India) Limited
Demat Account Opening Fee

Nil

Actual cost of stamp paper and charges of K.R.A.

Demat Account AMC
  • Scheme A: Nil
  • Scheme B: Rs 300 per annum
  • Scheme LF: Nil
  • Scheme BSDA: Nil
  • Scheme 800: Rs 800 per annum

Rs 295 p.a. for individual. Plus actual CDSL charge for Corporate a/

C.

Advance Deposit
  • Rs 2500 for Scheme A
  • Rs 555 for Scheme LF (For Individuals ony) for Lime time AMC Free
  • Rs 800 for scheme 800

Nil

MyValueTrade Vs Sykes Ray Demat Charges

  Master Capital Services Ltd Sykes & Ray Equities (India) Limited
Dematerialisation Charges
  • Rs 20 per request + Rs 3 per certificate for Scheme A, B, LF and Scheme 800.
  • Rs 50 per request + Rs 10 per certificate for Scheme BSDA.

Rs 50 plus Rs 50 upto 10 certificate and thenafter Rs 5 per certificate.

Rematerialisation Charges
  • Rs 20 for every 100 securities or part thereof; or a flat fee of Rs 20 per certificate whichever is higher will be payable for scheme A, B ,LF and Scheme 800.
  • Rs 50 for every 100 securities or part thereof; or a flat fee of Rs 50 per certificate whichever is higher will be payable for scheme BSDA.

0.02% of value, Minimum Rs 40 per certificate. Plus actual CDSL charge for remat confirmation.

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  • Rs 12 in Scheme A
  • Rs 16 in Scheme B
  • Rs 15 (with in DP) and Rs 25 (outside DP) in Scheme LF
  • Mkt Delivery within DP - Nil and outside DP Rs - 25 in Scheme 800
  • Rs 50 (with in DP) and Rs 100 (outside DP) in Scheme BSDA.

(a) 0.04%of value of OnMkt or Early Payin transaction (Minimum Rs 24 ) executed under PoA to SREIL (broker)and (b) 0.05% of value of trx. or Min. Rs 48 for any other debit transaction executed on DIS.

Pledge Creation Charges
  • Rs 50 in Scheme B, LF and Scheme 800.
  • Rs 40 in Scheme A Rs 100 in Scheme BSDA.

0.02% Minimum Rs 50 per pledge trx.

Pledge Creation Confirmation Charges

Nil

Nil

Pledge Invocation Charges
  • Rs 20 in Scheme A
  • Rs 25 in Scheme B, LF and Scheme 800.
  • Rs 50 in Scheme BSDA

0.02% Minimum Rs 50

Failed Instruction Charges

Rs 20 per instruction

Nil

Other Charges
  • Re-Issuance of DIS Booklet: Rs 10 (cotaining 10 leaves).
  • Non periodic statement and other communication charged: Rs 20 per mail
  • Additional Statement of Holding/Transaction: Rs 2 per page + postage
  • In case of demat rejection postage shall be charged at Rs 30 for dispatch to the client for removal of objection.
  • Any modification in client master will be charged @ Rs 20 per modification.

Contact DP / Request A Call Back

  Master Capital Services Ltd Sykes & Ray Equities (India) Limited
Contact broker for Demat Account related enquires:
  Master Capital Services Ltd Sykes & Ray Equities (India) Limited
Find more info about broker
Enquire about MyValueTrade Enquire about Sykes Ray
Compare More Demat Accounts

Demat Account Related Abbreviations

  • Demat: Demat Account is an online account to hold the shares in electronic form. They are similar to bank account used to hold money.
  • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • DPC: Delayed Payment Charges
  • Dematerialisation: Process to converting physical certificates to electronic form.
  • Rematerialisation: Process of converting electronic shares to physical certificates.
  • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.



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