Top Stock Advisory
Bhumika Consultancy vs. Veracity Finance
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Bhumika Consultancy and Veracity Finance. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Bhumika Consultancy and Veracity Finance.
Overview
Bhumika Consultancy are Veracity Finance both private companies and both are full service broker as well. Nituben Dineshbhai Ghuria co-founded Bhumika Consultancy in 1999. And Veracity Finance was founded in the year 2012 by Kanaksinh Agarsinh Gohil. Bhumika Consultancy's headquarters are in Palanpur, Gujarat and Veracity Finance's headquarters are in Ahmedabad GJ.
Bhumika Consultancy and Veracity Finance both are full service broker as well. Bhumika Consultancy is registered in NA, while Veracity Finance is registered in NA. The total branches of Bhumika Consultancy are Nil and the Veracity Finance branches are Nil.
| Overview | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Palanpur, Gujarat | Ahmedabad GJ |
| Founders | Nituben Dineshbhai Ghuria | Kanaksinh Agarsinh Gohil |
| Foundation Year | 1999 | 2012 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Bhumika Consultancy and Veracity Finance Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Bhumika Consultancy charging Rs.100 and Veracity Finance charging Free.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Bhumika Consultancy Demat account is Rs.350 per Annum and for the Veracity Finance Demat account is Rs.350 per Annum. The Trading AMC for Bhumika Consultancy and Veracity Finance is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Bhumika Consultancy and Veracity Finance is CDSL.
| Account Opening and Demat Charges | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Trading Account Opening Charges | Rs.100 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.350 per Annum | Rs.350 per Annum |
| Trading AMC (Annual Maintenance Charges) | Rs.250 per Annum | Free |
| Margin Money | Zero Margin | Minimum Rs.5,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Bhumika Consultancy and Veracity Finance Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Bhumika Consultancy is 0.25%, while Veracity Finance charges you 0.35%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Bhumika Consultancy is 0.03% and for Veracity Finance also, it is 0.04%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Bhumika Consultancy charge 0.03% and Veracity Finance charge 0.04% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Bhumika Consultancy charges Rs.25 per Lot, and Veracity Finance charges Rs.35 per lot.
| Equity Brokerage Charges | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Equity Delivery Brokerage | 0.25% | 0.35% |
| Equity Intraday Brokerage | 0.03% | 0.04% |
| Equity Futures Brokerage | 0.03% | 0.04% |
| Equity Options Brokerage | Rs.25 per Lot | Rs.35 per lot |
Bhumika Consultancy and Veracity Finance Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Bhumika Consultancy is 0.03% and for Veracity Finance is 0.04%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Bhumika Consultancy charges Rs.15 per Lot for currency options, whereas Bhumika Consultancy charges Rs.35 per Lot.
| Currency Brokerage Charges | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Currency Futures Brokerage | 0.03% | 0.04% |
| Currency Options Brokerage | Rs.15 per Lot | Rs.35 per Lot |
Bhumika Consultancy and Veracity Finance Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Bhumika Consultancy charges 0.03% for commodity trading, while Veracity Finance charges 0.04%.
| Commodity Brokerage Charges | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Commodity Options Brokerage | 0.03% | 0.04% |
Bhumika Consultancy and Veracity Finance Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Bhumika Consultancy levies a minimum brokerage fee of Percentage of Transaction, while Veracity Finance charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Bhumika Consultancy levies a transaction brokerage charge of 0.00285%, while Veracity Finance charges 0.00315%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Bhumika Consultancy is 0.0002% of Total Turnover and for Bhumika Consultancy is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Bhumika Consultancy are 0.0126% of Total Turnover, while for Veracity Finance, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Bhumika Consultancy charges NA and Veracity Finance charges NA.
| Other Brokerage Charges | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00285% | 0.00315% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
Bhumika Consultancy and Veracity Finance Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Bhumika Consultancy is up to Upto 2x and by Veracity Finance it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Bhumika Consultancy is up to Upto 5x and by Veracity Finance it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Bhumika Consultancy is up to Upto 2x and by Veracity Finance it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Bhumika Consultancy is up to Upto 6x and by Veracity Finance also, it is up to Upto 5x.
| Equity Leverage | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 3x | Equity Intraday | Upto 5x | Upto 6x | Equity Futures | Upto 2x | Upto 2x | Equity Options | Upto 6x | Upto 5x |
Bhumika Consultancy and Veracity Finance Currency Leverage
The currency futures leverage provided by Bhumika Consultancy is up to Upto 2x, while for Veracity Finance it is up to Upto 4x.
The currency options leverage provided by Bhumika Consultancy is up to Upto 3x, while for Veracity Finance it is up to Upto 3x.
| Currency Leverage | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Currency Futures | Upto 2x | Upto 4x | Currency Options | Upto 3x | Upto 3x |
Bhumika Consultancy and Veracity Finance Commodity Leverage
The commodity leverage provided by Bhumika Consultancy is up to Upto 2x, while for Veracity Finance it is up to Upto 2x.
| Commodity Leverage | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Bhumika Consultancy and Veracity Finance Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | No | Yes | Flexible Plans | No | Yes | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | Yes | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Bhumika Consultancy and Veracity Finance Features
Equity Trading: Bhumika Consultancy and Veracity Finance brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Bhumika Consultancy and Veracity Finance also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Bhumika Consultancy and Veracity Finance broker is that you can also invest in IPOs. Bhumika Consultancy also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Bhumika Consultancy offers trading exposure of up to Upto 5x, while Veracity Finance gives up to Upto 6x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Bhumika Consultancy and Veracity Finance, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Bhumika Consultancy and Veracity Finance also allow you to trade in forex trading.
| Features | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 6x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Bhumika Consultancy and Veracity Finance Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Bhumika Consultancy and Veracity Finance offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | No | No |
| Daily Market Review | No | No |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Bhumika Consultancy and Veracity Finance Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Bhumika Consultancy and Veracity Finance offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | No |
Bhumika Consultancy and Veracity Finance Mobile Trading Platforms
Bhumika Consultancy and Veracity Finance offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Bhumika Consultancy and Veracity Finance Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Bhumika Consultancy and Veracity Finance give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 4 | 920 |
Bhumika Consultancy and Veracity Finance Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Bhumika Consultancy and Veracity Finance registered and resolved complaints.
For Bhumika Consultancy, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is NaN %.
For Veracity Finance, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Bhumika Consultancy is better than Veracity Finance in case of resolving customer complaints.
| BSE Complaints | Bhumika Consultancy | Veracity Finance |
|---|---|---|
| BSE Complaints | 0 | 3 |
| BSE Resolved Complaints | 0 | 3 |
| Percentage of resolved BSE complaints | NaN % | 100.00 % |
| NSE Complaints | 0 | 11 |
| NSE Resolved Complaints | 0 | 11 |
| Percentage of resolved NSE complaints | NaN % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 100.00 % |
Frequently Asked Questions
Is Bhumika Consultancy better than Veracity Finance?
Bhumika Consultancy and Veracity Finance are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Veracity Finance better than Bhumika Consultancy?
Veracity Finance and Bhumika Consultancy are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Bhumika Consultancy and Veracity Finance?
Bhumika Consultancy and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Bhumika Consultancy and Veracity Finance?
To figure out which of the two stockbrokers, Bhumika Consultancy and Veracity Finance, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Bhumika Consultancy with other stock brokers
Visit the following pages to see a detailed comparision report of Bhumika Consultancy with other brokerage firms.
Compare Veracity Finance with other stock brokers
Visit the following pages to see a detailed comparision report of Veracity Finance with other brokerage firms.