Wisdom Capital vs IDBI Direct 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 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
Wisdom Capital vs IDBI Direct Account Opening Charges: 2024
| Charge | Wisdom Capital | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹450 p.a. |
Wisdom Capital vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | IDBI Direct |
|---|---|---|
| Plan Name | Ultimate Plan | Standard Plan |
| Equity Delivery | 0.007% | 0.50% |
| Equity Intraday | 0.007% | 0.05% |
| Equity Futures | 0.005%\t | 0.05% |
| Equity Options | ₹ 15/Lot | ₹100 per lot |
| Currency Futures | ₹9 per executed order | N/A |
| Currency Options | ₹9 per executed order | N/A |
| Commodity Options | 0.005% | N/A |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs IDBI Direct Margin / Exposure: 2024
| Segment | Wisdom Capital | IDBI Direct |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | Nil |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 4x |
| Equity Future | 5x to 20x (as per brokerage plan) | Nil |
| Equity Options | 5x to 40x (as per brokerage plan) | Nil |
| Currency Future | 4x to 15x (as per brokerage plan) | N/A |
| Currency Options | 4x to 15x (as per brokerage plan) | N/A |
| Commodity Future | 5x to 20x (as per brokerage plan) | N/A |
| Commodity Options | N/A | N/A |