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I recently opened A/C in SBI secuities which is known by sbismart. No doubt brokerage is high but my first priority was security as it is linked with prestigious Govt brand SBI though there are mostly negative opinions regarding sbicapsec . As promised by their officials , I was told that now under new sbismart.com webpage the service is awesome. So I have given it a chance of one year or otherwise a gamble of Rs 850 (A/C opening fee) + Rs 380 ( AMC ).