Sunday , 25 June 2017

Comparison of Brokers in India

A comprehensive report on major brokers (BSE and NSE) comparing details such as demat account opening fees, brokerage charges, annual maintenance charges, supported browsers, features etc.

When opening a new demat account with a broker negotiate and try to get some of the charges waived off.

Angel Broking

  • Account Opening Charge (AOC): Rs 740
  • Annual Maintenance Charge (AMC): 1st year free. Rs 300 2nd year on.
  • Brokerage: 50p (delivery‡), 10p (intra-day). Rate negotiable for bulk orders.

Bonanza

  • Account Opening Charge (AOC): Rs 888
  • Annual Maintenance Charge (AMC): Nil.
  • Brokerage: 25p (delivery‡), 5p (intra-day‡).

 Canmoney

  • Account Opening Charge (AOC): Rs 500
  • Annual Maintenance Charge (AMC): 1st year free. Rs 200 2nd year on.
  • Brokerage: 0.35% (delivery‡). Buy – Nil, Sell – 0.05% (intra-day) (Min Rs 20; Max Rs 500).
  • Enquiry: 1-800-220-369

 Geojit BNP Paribas

  • Account Opening Charge (AOC): Rs 650
  • Annual Maintenance Charge (AMC): Rs 300
  • Brokerage: 0.30% (delivery‡). 0.03% (intra-day)
  • Browsers: IE 6.0+
  • Enquiry: 1-800-425-5501

 HDFC Securities

  • Account Opening Charge (AOC): Rs 799
  • Annual Maintenance Charge (AMC): 1st year free. Rs 500 2nd year onwards.
  • Brokerage: Higher of Rs 25 or 0.5% of transaction value (delivery).

    Higher of Rs 25 or 0.1% of transaction value (intra-day).

  • Browsers: IE 5.0+, NN 8.1+ and FF 1.5+
  • Enquiry: 1-800-209-9700

ICICI Direct

  • Account Opening Charge (AOC): Rs 975
  • Annual Maintenance Charge (AMC): 1st year free; Second year on Rs 500 (paper statements), Rs 450 (email statements)
  • Brokerage: Higher of Rs 25 or 0.75% (delivery).

    Higher of Rs 15 or 0.05% of transaction value (intra-day).

 IDBI Paisabuilder

  • Account Opening Charge (AOC): Rs 499 (basic plan), Rs 700+ (turnover based plan)
  • Annual Maintenance Charge (AMC): 1st year free; Second year on Rs 350
  • Brokerage: 0.65% (delivery), 0.06% (intra-day).
  • Browsers: IE 6.0+
  • Enquiry: 1-800-223-366

 Indiabulls

  • Account Opening Charge (AOC): Rs 900
  • Annual Maintenance Charge (AMC): Nil
  • Brokerage: 0.35% (delivery). 0.05% (intra-day).

 India Infoline

  • Account Opening Charge (AOC): Rs 555 (waived off for employees of MNCs†)
  • Annual Maintenance Charge (AMC): Nil
  • Brokerage: 25p (delivery). 5p (intra-day).

 Kotak Securities

  • Account Opening Charge (AOC): Rs 750 (Rs 250 credited in new account) (waived off for employees of MNCs†)
  • Annual Maintenance Charge (AMC): Rs 360
  • Brokerage: 0.59% (delivery). 0.6% (intra-day).
  • Browsers: IE 6.0+
  • Enquiry: 1-800-209-9191, 1-800-222-299

 Motilal Oswal

  • Account Opening Charge (AOC): Nil.
  • Annual Maintenance Charge (AMC): 1st year free. Rs 100 2nd year on.
  • Brokerage: 0.3% (delivery). Buy – Nil, Sell – 0.05% (intra-day).

 Networth Direct

  • Account Opening Charge (AOC): Rs 250.
  • Annual Maintenance Charge (AMC): Rs 400.
  • Brokerage: 0.5% (delivery). 0.05% (intra-day).
  • Browsers: IE 6.0+
  • Enquiry: 1-800-220-223

 Reliance Money

  • Account Opening Charge (AOC): Rs 750 (waived off for employees of MNCs†)
  • Annual Maintenance Charge (AMC): Rs 200
  • Brokerage: 1p (delivery and intra-day‡).

Religare

  • Account Opening Charge (AOC): Rs 500
  • Annual Maintenance Charge (AMC): Rs 250
  • Brokerage: 0.3% (delivery‡). 0.06% (intra-day) 0.06% (futures).
  • Browsers: IE 5.5+
  • Enquiry: 1-860-258-8888

 SBI

  • Account Opening Charge (AOC): Rs 400
  • Annual Maintenance Charge (AMC): Rs 400
  • Brokerage: 0.5% (delivery). 0.15% (intra-day).
  • Browsers: IE 6.0+ and FF 1.5+
  • Enquiry: 1-800-223-345

 Sharekhan

  • Account Opening Charge (AOC): Rs 750 Online, (Rs 500 Offline, plus Rs 160 franking charge)
  • Annual Maintenance Charge (AMC): 1st year free. Rs 300 2nd year onwards.
  • Brokerage: Higher of 0.5% or 10 paise/share (delivery). Higher of 0.1% or 5 paise/share (intra-day).

 SMC India

  • Account Opening Charge (AOC): Rs 499.
  • Annual Maintenance Charge (AMC): Nil (till March 2010).
  • Brokerage: 0.3% (delivery). 0.03% (intra-day).

 Ventura

  • Account Opening Charge (AOC): Rs 3500•
  • Annual Maintenance Charge (AMC): 1st year free; 2nd year on Rs 400
  • Brokerage: 0.2% (delivery). 0.03%(intra-day).

 Way2Wealth

  • Account Opening Charge (AOC): Rs 350.
  • Annual Maintenance Charge (AMC): Rs 300.
  • Brokerage: 0.5% (delivery). 0.05% (intra-day).
  • Browsers: IE 6.0+
  • Enquiry: 1-800-425-3690

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