Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | Finvasia | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 (Free) | ₹0 |
Trading Acc Opening Charges | ₹0 | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹0 (Free) | ₹300 per year (paid monthly) |
Charge | Finvasia | Upstox |
---|---|---|
Plan Name | Standard | Basic |
Equity Delivery | ₹0 | ₹0 (FREE) |
Equity Intraday | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | ₹0 | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | Finvasia | Upstox |
---|---|---|
Equity Delivery | 1x | 1x (no margin) |
Equity Intraday | Upto 10x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | 2x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | 1x | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | 1x | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | 1x | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | 2x | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | 1x | N/A |
Charge | Currency Futures (Finvasia) | Currency Options (Finvasia) | Currency Futures (Upstox) | Currency Options (Upstox) |
---|---|---|---|---|
Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | ||
Securities Transaction Tax (STT) | ₹0 | ₹0 | No STT | No STT |
Transaction / Turnover Charges | ₹115/crore | ₹4000/crore of premium | NSE: 0.00013% | BSE: 0.00062% | NSE: 0.065% | BSE: 0.026% (on premium) |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | ₹5/Crore | ₹5/Crore | ₹5/Crore | ₹5/Crore |
Stamp Charges | As per UT ₹10 or State-wise for some states | As per UT ₹10 or State-wise for some states | State-wise | State-wise |
Charge | Commodity Futures (Finvasia) | Commodity Options (Finvasia) | Commodity Futures (Upstox) | Commodity Options (Upstox) |
---|---|---|---|---|
Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | ||
Securities Transaction Tax (STT) | 0.01% (on Sell side) | 0.01% (on Sell side) | 0.01% on sell trade (Non-Agri)\t | 0.05% on sell trade |
Transaction / Turnover Charges | ₹260/ crore | ₹260/ crore | 0.0031%\t | 0.002% |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | ₹5/Crore | ₹5/Crore | ₹5/Crore | ₹5/Crore |
Stamp Charges | ₹0 | ₹0 | State-wise | State-wise |