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
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.
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
Charge | Finvasia | Zerodha |
---|---|---|
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 |
Charge | Finvasia | Zerodha |
---|---|---|
Plan Name | Standard | Flat Brokerage Plan |
Equity Delivery | ₹0 | ₹0 (Free) |
Equity Intraday | ₹0 | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Equity Futures | ₹0 | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Equity Options | ₹0 | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
Currency Futures | ₹0 | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Currency Options | ₹0 | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Commodity Options | ₹0 | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Segment | Finvasia | Zerodha |
---|---|---|
Equity Delivery | 1x | 1x (no margin) |
Equity Intraday | Upto 10x | Up to 20x (based on the stock) |
Equity Future | 2x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Equity Options | 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Future | 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Options | 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Commodity Future | 2x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Commodity Options | 1x | N/A |
Charge | Currency Futures (Finvasia) | Currency Options (Finvasia) | Currency Futures (Zerodha) | Currency Options (Zerodha) |
---|---|---|---|---|
Brokerage | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t | ||
Securities Transaction Tax (STT) | ₹0 | ₹0 | No STT\t | No STT\t |
Transaction / Turnover Charges | ₹115/crore | ₹4000/crore of premium | NSE: 0.0009% | BSE: 0.00022%\t | NSE: 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/Crore | 0.00005% (₹5/Crore) | 0.00005% (₹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 (Zerodha) | Commodity Options (Zerodha) |
---|---|---|---|---|
Brokerage | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹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)\t | 0.05% on sell side |
Transaction / Turnover Charges | ₹260/ crore | ₹260/ crore | Group 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/Crore | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
Stamp Charges | ₹0 | ₹0 | State wise | State wise |