Indiabulls vs IDBI Direct Comparison: 2024
About Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Indiabulls vs IDBI Direct Account Opening Charges: 2024
| Charge | Indiabulls | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 | ₹450 p.a. |
Indiabulls vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Indiabulls | IDBI Direct |
|---|---|---|
| Plan Name | Equity Unlimited Trade Plan | Standard Plan |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹0 | 0.05% |
| Equity Futures | ₹15 per trade | 0.05% |
| Equity Options | ₹15 per trade | ₹100 per lot |
| Currency Futures | ₹15 per trade | N/A |
| Currency Options | ₹15 per trade | N/A |
| Commodity Options | 0.03% | N/A |
| Mutual Fund | N/A | N/A |
Indiabulls vs IDBI Direct Margin / Exposure: 2024
| Segment | Indiabulls | IDBI Direct |
|---|---|---|
| Equity Delivery | 1x (No margin) | Nil |
| Equity Intraday | Upto 5x | Upto 4x |
| Equity Future | Intra-day: 4x | Carry forward: 1x | Nil |
| Equity Options | Intra-day: 4x | Carry forward: 1x | Nil |
| Currency Future | Intra-day: 2x | Carry forward: 1x | N/A |
| Currency Options | Intra-day: 2x | Carry forward: 1x | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |