Wisdom Capital vs Finvasia Comparison: 2024
About Wisdom Capital
Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.
Wisdom Capital: An Overview
A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.
Wisdom Capital provides 3 different brokerage plans:
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Freedom Plan
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Pro Plan
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Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
About Finvasia
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: an overview
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
Wisdom Capital vs Finvasia Account Opening Charges: 2024
| Charge | Wisdom Capital | Finvasia |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹0 (Free) |
Wisdom Capital vs Finvasia Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Finvasia |
|---|---|---|
| Plan Name | Ultimate Plan | Standard |
| Equity Delivery | 0.007% | ₹0 |
| Equity Intraday | 0.007% | ₹0 |
| Equity Futures | 0.005%\t | ₹0 |
| Equity Options | ₹ 15/Lot | ₹0 |
| Currency Futures | ₹9 per executed order | ₹0 |
| Currency Options | ₹9 per executed order | ₹0 |
| Commodity Options | 0.005% | ₹0 |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Finvasia Margin / Exposure: 2024
| Segment | Wisdom Capital | Finvasia |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | 1x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 10x |
| Equity Future | 5x to 20x (as per brokerage plan) | 2x |
| Equity Options | 5x to 40x (as per brokerage plan) | 1x |
| Currency Future | 4x to 15x (as per brokerage plan) | 1x |
| Currency Options | 4x to 15x (as per brokerage plan) | 1x |
| Commodity Future | 5x to 20x (as per brokerage plan) | 2x |
| Commodity Options | N/A | 1x |
Wisdom Capital vs Finvasia Currency Charges and Plans: 2024
| Charge | Currency Futures (Wisdom Capital) | Currency Options (Wisdom Capital) | Currency Futures (Finvasia) | Currency Options (Finvasia) |
|---|---|---|---|---|
| Brokerage | As per Brokerage plan selected | As per Brokerage plan selected | ||
| Securities Transaction Tax (STT) | No STT | No STT | ₹0 | ₹0 |
| Transaction / Turnover Charges | ₹0 | ₹0 | ₹115/crore | ₹4000/crore of 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 | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | ₹5/Crore | ₹5/Crore |
| Stamp Charges | State-wise | State-wise | As per UT ₹10 or State-wise for some states | As per UT ₹10 or State-wise for some states |
Wisdom Capital vs Finvasia Commodity Charges and Plans: 2024
| Charge | Commodity Futures (Wisdom Capital) | Commodity Options (Wisdom Capital) | Commodity Futures (Finvasia) | Commodity Options (Finvasia) |
|---|---|---|---|---|
| Brokerage | ||||
| Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side | 0.01% (on Sell side) | 0.01% (on Sell side) |
| Transaction / Turnover Charges | 0.0025% | 0.0025% | ₹260/ crore | ₹260/ crore |
| 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 | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | ₹5/Crore | ₹5/Crore |
| Stamp Charges | State-wise | State-wise | ₹0 | ₹0 |