India’s Leading Full-Service Broking Firm

Choice Broking is a member of BSE, NSE, MCX, MSEI and NCDEX along with being a depository participant with CDSL. To provide Traders “One Roof” services, we provide:

• Proprietary Trading Platform - Jiffy

• Panel of Expert Research Team

• Regularly engaged by Top Business Channels for Stock Market views

• Free Comprehensive Reports

• Trading / Investment Desk

• Portfolio Management Services


In our commitment towards creating wealth we have been “Nurturing Financial Excellence” for over 2 decades. Come, be a part of this journey.

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Why Choice Broking is THE Best Brokerage Firm for You ?

Best Brokerage Firm in India

Customer Service

• Always Available, Proactive and Keen to Help.

• Service that makes your Investments and

  portfolio management a Breeze.

Best Full Service Broker

Online Demat Account

• Instant and Paperless.

• Think – Register - Start. That's how simple we    make for you.

• In the interest of environment - 100% paperless    transactions.

Best Stock Broker in India

Best Full Service Broker

• We work with the Best in Business.

• Experts who are on top of their game.

• Dedicated to provide you the Best Services &

  Facilities.

Top Stock Brokers in India

We Abide by All Rules & Regulations

Choice Broking adheres to all Regulatory Rules and Compliances. We abide by everything laid down by SEBI so you remain stress-free. As India’s leading Brokerage Firm we aim to lead by example.

Wealth Creation Opportunities

Trading

Mutual Fund

Insurance

Wealth Management

Most Accurate Research Reports in the Market

A combination of intensive analysis, exhaustive research by domain experts produces our research reports i.e. Fundamental Research Reports and Technical Research Reports. Now Invest/Trade in Stock Markets armed with reliable advice.

EQUITY RESEARCH REPORT


ICICI Bank (ICICIB) reported better than expected profit to Rs44 bn in Q4FY21 on the back of strong NII growth, contained OPEX and sharp decline in provisioning. Interest cost declined -8.3% YoY which provided a strong boost to NII which grew by 16.9% YoY, above our estimates. Other income remained weak due to weak treasury income, though fee income witnessed improvement (6% YoY). NIM expanded significantly by 17bps sequentially to 3.84% mainly driven by healthy NII growth due to -8/+1 bps QoQ movement in CoF/YoA. Domestic NIM moved back to ~4% (3.94%) from 3.78% in Q3FY21. On business growth front, credit growth further improved to 11.5% YoY with sustained sequential pick up in corporate portfolio.

Gross slippages reported at Rs118.2 bn (proforma slippages of Rs83 bn in Q3) which came mainly due to retail slippages of Rs99.6 bn. As per mgmt, higher slippages from retail segment was on account of seasoning of portfolio which would normalize. Meanwhile we drive comfort from building strength in corporate portfolio with continued lower slippages from this segment (Rs18.6 bn in Q4). We expect lower corporate NPAs because of higher recognition of NPAs over the past years and underwriting to better rated corps (73% of loan book rated A or above as of Q4). GNPA/NNPA improved to 4.96%/1.14% (from proforma of 5.42%/1.26% in Q3) with PCR at 77.8%, one of the best in the industry. Standard provisions at Rs141 bn including Rs75 bn of Covid related provision (Rs10 bn of contingent provisions made during the quarter) stood at 1.9% of loans providing comfort from the impact of second Covid wave. Restructuring book stood at 0.5% of loans by Q4 (0.4% in previous quarter) while the share of BB & below rated book also reduced to 1.8% of loans (2.0% of loans in Q3).

Avail Benefits of our Comprehensive Research Reports

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Attention Investors:

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide NSE circular no NSE/INSP/45191 dated July 31, 2020, NSE/INSP/45534 dated August 31, 2020, BSE Notice no. notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020, MCX circular no- MCX/INSP/649/2020 dated September 07, 2020, NCDEX Circular no- NCDEX/COMPLIANCE-051/2020 dated- September 03, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

.......... Issued in the interest of Investors

FREQUENTLY ASKED QUESTIONS

To open an account online, you can sign up from the website or download our Jiffy App ( Android & iOS). It is advisable to download the app since the signing up will require a latest photograph of yourself, which can be easily taken from your phone camera.If your documents are ready, it will take you about 5 minutes to sign up.
Click here and fill the Sub-broker form with initial details as requested. Once the details are received, our team will immediately give you a call and guide you on how to proceed further. You can also get in touch with the customer care team to know more about it.
The brokerage charges are upon a fixed scale and amongst the lowest in the market. Brokerage charges for all segments are explained in detail in the below link: https://choicebroking.in/brokerage-charges
Choice Broking is a full-service broker. It is a part of the renowned Choice Group (a member of NSE, BSE, MCX-SX, MCX, NCDEX and a depository participant with CDSL in 2010). For trading we have a dedicated stock trading app – Jiffy, which is the fastest trading app out there with all important information available instantly.
OPEN A FREE DEMAT ACCOUNT ONLINE
  • Zero Account Opening Fee
  • Low Brokerage Charges
  • First Year AMC Free*
Choice Broking has over 2000 Business Partners spread across India.
Any citizen of India is eligible to be a Choice Broking sub-broker. You can do so by simply filling out the Sub-broker form via this link https://choicebroking.in/partner The team will contact you immediately and guide you on how to proceed further.
Choice Broking is an end-to-end financial services provider. Below are the list of services we offer.
  • Mutual Funds
  • Wealth Management
  • PMS – Portfolio Management Services
  • Insurance
  • Equity – Currency - Commodity Trading services
  • Loan against Shares
  • Margin Trading Facility Services
Choice Broking was started in 2010.

*Only for those online clients who are opening accounts without any referral code

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