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Nirmal Bang Vs Religare Charges
Nirmal Bang Vs Religare Pros and Cons
Are you looking for reliable information about Nirmal Bang Vs Religare comparison? Both Nirmal Bang and Religare are full-service brokers in India offering a wide range of financial products and services, including commodities, stock trading, derivatives, currencies, mutual funds, IPOs, insurance broking, investment banking, and depository services.
Nirmal Bang was established in 1986, while Religare was established in 2003. Both brokers are members of BSE, NSE, and MCX, and offer online trading platforms and demat accounts. Both offer research and advisory services to help clients make informed trading decisions. Here is a Nirmal Bang Vs Religare comparison based on different parameters, such as charges, pros and cons.
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Nirmal Bang Vs Religare Charges
Check out the comparison of charges of Nirmal Bang and Religare:
Nirmal Bang Vs Religare Brokerage Charges
The brokerage charges of Nirmal Bang are generally lower than Religare’s, except for equity options and currency options, where Religare’s charges are lower.
Here is a more detailed Nirmal Bang Vs Religare comparison of brokerage charges:
- Equity Delivery: Nirmal Bang charges 0.0039%, while Religare charges 0.50% to 0.10%.
- Equity Intraday: Nirmal Bang charges 0.0039%, while Religare charges 0.050% to 0.010%.
- Futures: Nirmal Bang charges 0.0024%, while Religare charges 0.05%.
- Options: Nirmal Bang charges 0.057% on premium, while Religare charges Rs 70 per lot.
- Currency Futures: Nirmal Bang charges 0.0024%, while Religare charges 0.05%.
- Currency Options: Nirmal Bang charges 0.057% on premium, while Religare charges Rs 30 per lot.
- Commodity Futures: Nirmal Bang charges 0.0025%, while Religare charges 0.05%.
Verdict: If you are looking for a broker with lower brokerage charges, then Nirmal Bang may be a better option. If you are looking for a low-cost broker with a wide range of services, then Religare may be a good choice for you.
Check out – Nirmal Bang Review – Services, Pros, Cons, Charges and More.
Nirmal Bang Vs Religare Margin Exposure
Here is a comparison of Nirmal Bang and Religare margin exposure on various aspects:
Intraday trading:
- Nirmal Bang: Margin exposure up to 20% of trade value, allowing for a maximum leverage of 5 times.
- Religare: Margin exposure up to 20% of trade value, allowing for a maximum leverage of 5 times.
F&O trading
- Nirmal Bang: Margin exposure based on NRML margin (Span + Exposure) and requires 100% of the margin with a leverage of 1x.
- Religare: Margin exposure of 1.3 times the required margin for holding positions (NRML margin).
Equity delivery
- Nirmal Bang: Margin exposure of 100% of trade value, with a leverage of 1x.
- Religare: Margin exposure of 100% of trade value, without any leverage.
Verdict: If you are looking for a broker with a strong track record and a wide range of services, then Nirmal Bang may be a better option. If you are looking for a broker with more lenient margin requirements for F&O trading, then Religare may be a better choice for you.
Nirmal Bang Vs Religare Demat Account Opening Charges
Here is a detailed comparison of the different Nirmal Bang Vs Religare charges:
- Account opening charges: Nirmal Bang does not charge any account opening charges, while Religare charges Rs 500.
- Annual maintenance charges (AMC): Nirmal Bang charges Rs 200 per year for the AMC, while Religare charges Rs 300 per year for digital statements and Rs 400 per year for physical statements.
- Remat: Both Nirmal Bang and Religare charge Rs 20 per certificate, plus CDSL charges and Rs 30 courier charges for rematerializing shares.
- Creating, confirming, and invoking pledges: Both Nirmal Bang and Religare charge Rs 50 per request or 0.02% of value of securities (whichever is higher) for creating, confirming, and invoking pledges.
Verdict: If you are looking for a broker with low demat charges and a low AMC, Nirmal Bang is the better choice. However, if you need to deliver shares to your Religare pool account on a regular basis, then Religare may be a better option, as it charges less for this service.
Nirmal Bang Vs Religare Rematerialization Charges
Nirmal Bang charges a lower rematerialization fee than Religare. To rematerialize shares, Nirmal Bang charges 0.04% of the value of securities or 15 rupees per certificate, whichever is greater. Religare charges 20 rupees for each certificate, along with 30 rupees for courier charges and CDSL charges.
Verdict: If your primary concern is the rematerialization fee, then Nirmal Bang is the better choice.
Nirmal Bang Vs Religare Pledge Charges
Religare charges Rs 50 per request or 0.02% of the value of securities, whichever is higher, for all three types of pledges. Nirmal Bang charges Rs 100 or 0.02% of the value of securities, whichever is higher, for all three types of pledges.
Verdict: Religare has lower pledge charges than Nirmal Bang for all three types of pledges (creation, closure, and invocation).
Nirmal Bang Vs Religare Pros and Cons
Check out the advantages and disadvantages of Nirmal Bang and Religare:
Nirmal Bang Vs Religare Pros
Check out the advantages of Nirmal Bang and Religare:
Nirmal Bang Pros
The Nirmal Bang advantages include:
- Comprehensive suite of services: Nirmal Bang offers a wide range of services including depository services, portfolio management services (PMS), broking, and Mutual Funds. This allows clients to access multiple investment options and diversify their portfolios.
- Robust research services: Nirmal Bang provides clients with research services to help them make informed investment decisions. This includes research reports, market analysis, and recommendations on stocks and other investment opportunities.
- Risk management tools and efficient back office software: Nirmal Bang offers risk management tools and efficient back office software to ensure smooth operations for clients. This helps in managing and tracking investments effectively.
- Strong physical presence: Nirmal Bang has established branches across 16 states, which allows them to effectively cater to the needs of their widespread clientele. This physical presence provides convenience and accessibility for clients.
Religare Pros
The Religare advantages include:
- Margin against shares facility: Religare provides a margin against shares facility, which allows clients to trade using their existing demat holdings. This provides flexibility and convenience for clients who want to leverage their existing investments.
- Lifetime AMC-free account: Religare offers a lifetime AMC-free account by making a one-time payment of Rs 2500. This eliminates the need for clients to pay annual maintenance charges for their trading account.
- Research recommendations and tools: Religare’s platform offers research recommendations and powerful research tools to assist clients in making investment decisions. This includes research reports, market analysis, and other tools to help clients stay informed.
- Easy funding options: Religare allows clients to fund their accounts by simply dropping a check at its branch. This provides a convenient and hassle-free way to add funds to the trading account.
Nirmal Bang Vs Religare Cons
Know about the drawbacks of Nirmal Bang and Religare:
Nirmal Bang Cons
The disadvantages of Nirmal Bang include:
- Lack of a 3-in-1 account facility: Nirmal Bang, despite being a full-service broker, does not provide a 3-in-1 account facility. This means that clients will have to manage their demat and bank accounts separately, which may be less convenient for some investors.
- Negotiable brokerage rates: While Nirmal Bang offers brokerage rates, it is worth noting that these rates are open to negotiation. This means that clients may need to engage in discussions with the broker to determine the final brokerage charges, which can be time-consuming and may not guarantee the lowest rates.
- Lack of brokerage or margin calculator: Nirmal Bang does not offer a brokerage calculator or margin calculator. These tools can be helpful for clients to estimate their trading costs and margin requirements, and the absence of such calculators may require clients to manually calculate these figures.
- Higher brokerage charges: As a full-service broker, Nirmal Bang tends to have higher brokerage charges compared to discount brokers. This can impact the overall cost of trading for clients, especially for frequent traders or those with larger trading volumes.
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Religare Cons
Religare charges Rs 10 for every executed order placed through the Call and Trade facility, with a maximum charge of Rs 50 daily within a segment. This additional charge can increase the cost of trading for clients who frequently use this service.
Verdict: It is important to consider these pros and cons in the context of your individual investment needs and preferences.
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Conclusion
So that was our Nirmal Bang Vs Religare comparison. Ultimately, the best broker for you depends on your individual needs and requirements. If you are looking for a full-service broker with a wide range of services and competitive brokerage charges, then Nirmal Bang is a good option. If you are looking for a broker with a strong track record and a good reputation, then Religare is also a good option. However, when choosing a broker, you should also consider other important factors such as platform and trading tools, research and advisory services, and customer support.