Best Stock Broking Companies in India
Zerodha is one of the best stock broking companies in India. It began its operations in August, 2010 with an aim of breaking the barriers which the investors as well as traders face in terms of technology, cost and assistance.
With time, they have developed a disruptive price model and their in house technology making them the 2nd biggest stock broker of the country by active retail customers and biggest volume of trade on some of the top stock exchanges of India.
More than 1 million clients trade with them every day through their strong ecosystem of trading and investment platforms which contribute to more than 10% of the Indian retail volume. This makes it one of the biggest stock broking companies India.
Additionally, they also run various popular online educational as well as community initiatives for empowering the retail investors and traders.
They charge a flat brokerage fee of Rs. 20 for every executed order.
HDFC Securities is the equity trade wing of HDFC Bank and one of the best stock broking companies in India. It offers online as well as offline trading options. The trading account comes with a unique feature which integrates the HDFC securities account with the savings bank account and the Demat account. The shares and funds are moved from linked Demat or savings account for executing the transactions. It has a number of platforms for investment. All these trading platforms can be personalised for experienced as well as beginners. All the trading software include easy trading terminals, browser’s based trade website as well as mobile trading application.
They charge Rs. 25 or ceiling of 2.5% on the transaction value for buying as well as selling.
Established in the year 2000, Sharekhan is considered to be one of the top stock broking companies India. It offers its stock brokerage services through various online trading platforms. It has 1800 offices including franchises and branches in more than 550 cities in India. It has witnessed a wonderful growth in the past 10 years. It is one of those stock broking companies in India which have extremely successful and powerful online trade platform. It even has an international presence in Oman and UAE. It provides services to different segments of customers like traders, investors, corporates, etc. The customer base of the company was 13 lakh as of December 2014. It provides trades execution services also to its customers, for derivatives and cash segments on NSE and BSE. It even provides depository services and an option of investing in IPO and mutual funds. It charges minimum 5 paise for a share for intraday trades, 10 paise for a share for delivery based trades and Rs. 16 for scrip as DP charges.
Axis Securities Limited
This is also one of the best stock broking companies in India. It is one of the strongest stock broking companies in India. It was established in 2005, and belongs to Axis bank. It provides stock broking services as well as distribution of the financial instruments to the retail clients. It provides one single account to the customers for investing in equity, SIPs, mutual funds, bonds, derivatives, ETFs, NCDs, Company Fixed Deposit, etc. Axis Direct is a flagship brand by Axis Securities offering simple investment solutions to the retail clients. It had an active customer base of more than 1.5 lakh customers as on January 2016. It charges a minimum brokerage fee of Rs. 20 per each trade or 2.5% of the total trading value (whichever is low).
Kotak Securities Ltd.
Kotak Securities is one of the most popular stock broking companies India. It is a subsidiary of Kotak Bank and was established in 1994. It offers broking services and distribution of financial products. It has about 1209 branches, satellite offices as well as franchises offering investment solutions and services to more than 11.95 lakh customers. It offers a 3 in 1 account where the clients don’t have to transfer the money manual to the trading account. It charges 4 paise per share or Rs. 21 for executed order (whichever is higher) for cash delivery and Intraday.
Angel Broking is one of the best stock broking companies in India. Established in 1987, it is a member of BSE, NSE, MCX and NCDEX. It offers number of services including Ebroking, investment advisory, portfolio management services, wealth management services and commodities trading. It charges minimum 0.128% for equity delivery and 0.0128% for equity intraday and futures.
Motilal Oswal was introduced in 1987 as one of the biggest stock broking companies in India. It offers diversified financial products and services like retail broking, private wealth management services, investment banking, asset management, institutional stock broking, home finance, etc. It has a diversified client’s base which comprises of the retail clients, foreign institutional traders and investors, corporates and financial institutions. It has its presence in more than 520 cities comprising of about 1743 business locations. It had a customer base of 8.5 lakh active customers as on March 2015. It relies on solid research and almost 10% of its revenue is used for equity research. It charges 0.25% to 0.18% for delivery based trades, 0.03% to 0.015% for Intraday trades, 0.03% to 0.025% for futures trades and Rs. 60 to Rs. 50 per order for options trades.
Karvy Stock India Infoline Ltd.
Established in 1990, Karvy Stock Broking ltd. belongs to the Karvy Group. It is one of the most popular stock broking companies in India. It offers stock broking services and research advisory. It offers custom investment solutions to institutions, corporates, individual investors, etc. It provides stock trading and Demat services to the clients. It charges a commission or brokerage like other stock broking companies India while the customers buy/sell the stocks. It charges 0.3% brokerage on Equity Delivery, 0.03% on Equity Intraday and Equity Futures, Rs. 30 per lot for Equity Options, 0.3% for Currency Futures and Commodity. It has an active customer base of 252589 customers.