Finvasia vs Zerodha Comparison: 2024

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

About Zerodha

Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. Zerodha demat and trading account Review.webp

Zerodha: Overview

Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be

Finvasia vs Zerodha Account Opening Charges: 2024

ChargeFinvasiaZerodha
Demat Account Opening Charges₹0 (Free)₹0 (Free)
Trading Acc Opening Charges₹0₹200 (Equity) + Rs.100 (Commodity)
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹0 (Free)₹300 per year

Finvasia vs Zerodha Brokerage Charges and Plans : 2024

ChargeFinvasiaZerodha
Plan NameStandardFlat Brokerage Plan
Equity Delivery₹0₹0 (Free)
Equity Intraday₹0Flat ₹20 or 0.03% (whichever is lower) per executed order
Equity Futures₹0Flat ₹20 or 0.03% (whichever is lower) per executed order
Equity Options₹0Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
Currency Futures₹0Flat ₹20 or 0.03% (whichever is lower) per executed order
Currency Options₹0Flat ₹20 or 0.03% (whichever is lower) per executed order
Commodity Options₹0Flat ₹20 or 0.03% (whichever is lower) per executed order
Mutual FundN/A₹0 (Free Unlimited Direct MF)

Finvasia vs Zerodha Margin / Exposure: 2024

SegmentFinvasiaZerodha
Equity Delivery1x1x (no margin)
Equity IntradayUpto 10xUp to 20x (based on the stock)
Equity Future2xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options1xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Future1xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options1xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Future2xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options1xN/A

Finvasia vs Zerodha Currency Charges and Plans: 2024

Finvasia charge ₹0 for Currency Futures and ₹0 for Currency Options whereas Zerodha Charges Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency futures and Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency options.
ChargeCurrency Futures (Finvasia)Currency Options (Finvasia)Currency Futures (Zerodha)Currency Options (Zerodha)
BrokerageFlat ₹20 or 0.03% (whichever is lower)\tFlat ₹20 or 0.03% (whichever is lower)\t
Securities Transaction Tax (STT)₹0₹0No STT\tNo STT\t
Transaction / Turnover Charges₹115/crore₹4000/crore of premiumNSE: 0.0009% | BSE: 0.00022%\tNSE: 0.04% | BSE: 0.001% (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/Crore0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesAs per UT ₹10 or State-wise for some statesAs per UT ₹10 or State-wise for some statesState wiseState wise

Finvasia vs Zerodha Commodity Charges and Plans: 2024

Finvasia charge ₹0 for commodity and Zerodha charge Flat ₹20 or 0.03% (whichever is lower) per executed order for commodity.
ChargeCommodity Futures (Finvasia)Commodity Options (Finvasia)Commodity Futures (Zerodha)Commodity Options (Zerodha)
BrokerageFlat ₹20 or 0.03% (whichever is lower)\tFlat ₹20 or 0.03% (whichever is lower)\t
Securities Transaction Tax (STT)0.01% (on Sell side)0.01% (on Sell side)0.01% on sell side (Non-Agri)\t0.05% on sell side
Transaction / Turnover Charges₹260/ crore₹260/ croreGroup A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001%\t₹0
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/Crore0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp Charges₹0₹0State wiseState wise
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