Master Trust vs Wisdom Capital Comparison: 2024
About Master Trust
One of the popular financial services in the country happens to be Master Trust. Its core beliefs are nurtured towards investment, attitude and sound & philosophical investment approach eloping in the investment universe. The company has a considerable track record for over two decades. Ever since its inception, the company has grown strong with 650+ employees and served over 1,50,000+ clients to date.
Master Trust: Overview
Master Trust is a discount brokerage company which is a subsidiary of Master Capital Services Pvt Ltd. Due to the efforts pulled in by Mr Harjeet Singh and Mr R. K. Singhania, the company was founded in 1994. Currently, the company is located at the financial capital of India, Mumbai.
In 1994, the company acquired its membership of NSE. After which it attained its membership in various depository and exchanges services such as NSDL & CSDL. Furthermore, the stockbroker opened gateways to trade with MCX-SX &
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:
-
Freedom Plan
-
Pro Plan
-
Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
Master Trust vs Wisdom Capital Account Opening Charges: 2024
| Charge | Master Trust | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹100 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹999 (Lifetime Account) |
Master Trust vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | Master Trust | Wisdom Capital |
|---|---|---|
| Plan Name | 20:20 Plan | Ultimate Plan |
| Equity Delivery | ₹0 | 0.007% |
| Equity Intraday | ₹20 per executed order | 0.007% |
| Equity Futures | ₹20 per executed order | 0.005%\t |
| Equity Options | ₹20 per executed order | ₹ 15/Lot |
| Currency Futures | ₹20 per executed order | ₹9 per executed order |
| Currency Options | ₹20 per executed order | ₹9 per executed order |
| Commodity Options | ₹20 per executed order | 0.005% |
| Mutual Fund | N/A | N/A |
Master Trust vs Wisdom Capital Margin / Exposure: 2024
| Segment | Master Trust | Wisdom Capital |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 6x | 5x to 40x (as per brokerage plan) |
| Equity Future | Upto 4x | 5x to 20x (as per brokerage plan) |
| Equity Options | Upto 5x | 5x to 40x (as per brokerage plan) |
| Currency Future | Upto 3x | 4x to 15x (as per brokerage plan) |
| Currency Options | Upto 3x | 4x to 15x (as per brokerage plan) |
| Commodity Future | Upto 1x | 5x to 20x (as per brokerage plan) |
| Commodity Options | Upto 1x | N/A |