Aditya Birla Money Vs Indira Securities (Compare Aditya Birla Money and Indira Securities)


Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ("NSDL") and the Central Depository Services (India) Limited ("CDSL"). The comp... Know more about Aditya Birla Money Ltd


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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Aditya Birla Money Vs Indira Securities

Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  Aditya Birla Money Indira Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX and NCDEX
Year of Incorporation 1994 1987
Number of Branches 800 335
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Aditya Birla Money Vs Indira Securities Charges & AMC

Aditya Birla Money trading account opening charges is Rs 750 while Indira Securities account opening changes is Rs 0 (Free). Aditya Birla Money Demat Account AMC Charges is Rs 436 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  Aditya Birla Money Indira Securities
Trading Account Opening Charges Rs 750 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Rs 436 Rs 450 (Free for 1st year)
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Aditya Birla Money Vs Indira Securities Brokerage Charges & Plans

Aditya Birla Money Vs Indira Securities Brokerage

Aditya Birla Money brokerage charges for equity is 0.30% and intraday is 0.03% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  Aditya Birla Money Indira Securities
Account Type Traditional Plan
Fixed Charges NA
Equity Delivery 0.30% 0.10%
Equity Intraday 0.03% 0.01%
Equity Futures 0.03% 0.01%
Equity Options Rs 50 per lot Rs 25 per lot (both side)
Currency Futures 0.03% 0.01%
Currency Options Rs 50 per lot Rs 25 per lot (both side)
Commodity Futures 0.03% 0.01%
Commodity Options Nil Rs 25 per lot (both side)
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Aditya Birla Money Vs Indira Securities Brokerage Plan 2

  Aditya Birla Money Indira Securities
Account Type Discount Brokerage Plan
Fixed Charges NA
Equity Delivery 0.30% Rs 20 per executed order
Equity Intraday 0.03% Rs 20 per executed order
Equity Futures 0.03% Rs 20 per executed order
Equity Options Rs 50 per lot Rs 20 per executed order
Currency Futures 0.03% Rs 20 per executed order
Currency Options Rs 50 per lot Rs 20 per executed order
Commodity Futures 0.03% Rs 20 per executed order
Commodity Options Nil Rs 20 per executed order
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Aditya Birla Money Charges Vs Indira Securities

Minimum Brokerage Rs 20 per executed order Rs 20 per executed order
Other Charges
Call & Trade Charges Nil Rs 0 (Free)
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Aditya Birla Money Vs Indira Securities Transaction Charges

Aditya Birla Money transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  Aditya Birla Money Indira Securities
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%)
Equity Futures Rs 190 per Cr (0.0019%) NSE Rs 190 per Cr (0.0019%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 110 per Cr (0.0011%) NSE Rs 120 per Cr (0.0012%)
Currency Options Rs 4000 per Cr (0.04%) (on premium) NSE Rs 500 per Cr (0.005%) (on premium)
Commodity MCX - Rs 300 per Cr (0.003%) | NCDEX - Rs 400 per Cr (0.004%) Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Aditya Birla Money Vs Indira Securities Leverage (Margin)

Aditya Birla Money margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Indira Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Aditya Birla Money Indira Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Aditya Birla Money and Indira Securities Features

The trading platforms offered Aditya Birla Money include Etrade, Advanced web, Mobile invest. Indira Securities offers ODIN trading software.

  Aditya Birla Money Indira Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Etrade, Advanced web, Mobile invest ODIN
Intraday Square-off Time 3:15 3:15 PM
Other Features Insurance and Pension scheme available
Referral Program Yes
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Aditya Birla Money Vs Indira Securities Review

Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  Aditya Birla Money Indira Securities
  21 Customer Reviews    Rate Aditya Birla Money 3 Customer Reviews    Rate Indira Securities
Fees 3.1 2.3
Brokerage 3.1 4.3
Trading Platform 3.0 4.0
Customer Service 2.8 4.0
Research Capabilities 3.7 4.3
Overall Ratings Rated 2.9 stars Rated 4.0 stars
Broker Rating Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

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Contact Broker Leave your contact information and we will get in touch with you....
FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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Aditya Birla Money Vs Indira Securities Investment Options

  Aditya Birla Money Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Mutual Funds
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Aditya Birla Money Vs Indira Securities Order Type Offered

  Aditya Birla Money Indira Securities
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Aditya Birla Money Vs Indira Securities Research Report

  Aditya Birla Money Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Aditya Birla Money Vs Indira Securities Suitable For Investor Type

  Aditya Birla Money Indira Securities
Casual Investor Yes
Active Investor Yes
Trader Yes
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Aditya Birla Money Vs Indira Securities - Pros and Cons

  Aditya Birla Money Indira Securities
Pros
  1. ABM offers 2 in 1 account which is Trading cum Demat account
  2. No Call and Trade charges
  3. Fund transfer facility available from more than 11 banks
  4. ABM offers Portfolio Tracker which is one stop shop for your entire portfolio
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
Cons
  1. Doesn't offer online account opening facility
  2. Brokerage calculator is not available
  3. Doesn't have Referral program
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

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