Top Stock Advisory
Indianivesh Securities vs. Saaketa Consultants
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 Indianivesh Securities and Saaketa Consultants. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Indianivesh Securities and Saaketa Consultants.
Overview
Indianivesh Securities is private company and Saaketa Consultants is public company. both are full service broker as well. Rajesh Nuwal co-founded Indianivesh Securities in 2006. And Saaketa Consultants was founded in the year 1992 by Jimmy A Patel. Indianivesh Securities's headquarters are in Mumbai, Maharashtra and Saaketa Consultants's headquarters are in Hyderabad, AP.
Indianivesh Securities and Saaketa Consultants both are full service broker as well. Indianivesh Securities is registered in NA, while Saaketa Consultants is registered in NA. The total branches of Indianivesh Securities are Nil and the Saaketa Consultants branches are Nil.
| Overview | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, Maharashtra | Hyderabad, AP |
| Founders | Rajesh Nuwal | Jimmy A Patel |
| Foundation Year | 2006 | 1992 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Indianivesh Securities and Saaketa Consultants 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 Indianivesh Securities charging Rs.219 and Saaketa Consultants charging Rs.300.
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 Indianivesh Securities Demat account is Rs.349 per Annum and for the Saaketa Consultants Demat account is Rs.399 per Annum. The Trading AMC for Indianivesh Securities and Saaketa Consultants 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 Indianivesh Securities and Saaketa Consultants is CDSL.
| Account Opening and Demat Charges | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Trading Account Opening Charges | Rs.219 | Rs.300 |
| Demat AMC (Annual Maintenance Charges) | Rs.349 per Annum | Rs.399 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.5,000 | Minimum Rs.5,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Indianivesh Securities and Saaketa Consultants 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 Indianivesh Securities is 0.1% – 0.2%, while Saaketa Consultants charges you 0.17%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Indianivesh Securities is 0.01% – 0.02% and for Saaketa Consultants also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Indianivesh Securities charge 0.01% – 0.02% and Saaketa Consultants charge 0.02% 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, Indianivesh Securities charges Rs.10 – Rs.20 per Lot, and Saaketa Consultants charges Rs.17 per Lot.
| Equity Brokerage Charges | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Equity Delivery Brokerage | 0.1% – 0.2% | 0.17% |
| Equity Intraday Brokerage | 0.01% – 0.02% | 0.02% |
| Equity Futures Brokerage | 0.01% – 0.02% | 0.02% |
| Equity Options Brokerage | Rs.10 – Rs.20 per Lot | Rs.17 per Lot |
Indianivesh Securities and Saaketa Consultants 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 Indianivesh Securities is 0.01% – 0.02% and for Saaketa Consultants is 0.02%.
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. Indianivesh Securities charges Rs.10 – Rs.20 per Lot for currency options, whereas Indianivesh Securities charges Rs.17 per Lot.
| Currency Brokerage Charges | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Currency Futures Brokerage | 0.01% – 0.02% | 0.02% |
| Currency Options Brokerage | Rs.10 – Rs.20 per Lot | Rs.17 per Lot |
Indianivesh Securities and Saaketa Consultants 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. Indianivesh Securities charges 0.01% – 0.02% for commodity trading, while Saaketa Consultants charges 0.02%.
| Commodity Brokerage Charges | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Commodity Options Brokerage | 0.01% – 0.02% | 0.02% |
Indianivesh Securities and Saaketa Consultants Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Indianivesh Securities levies a minimum brokerage fee of Percentage of Transaction, while Saaketa Consultants charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Indianivesh Securities levies a transaction brokerage charge of 0.00330%, while Saaketa Consultants charges 0.00298%.
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 Indianivesh Securities is 0.0002% of Total Turnover and for Indianivesh Securities 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 Indianivesh Securities are 0.0126% of Total Turnover, while for Saaketa Consultants, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Indianivesh Securities charges NA and Saaketa Consultants charges NA.
| Other Brokerage Charges | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00330% | 0.00298% | 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 selling value | Call and Trade Charges | NA | NA |
Indianivesh Securities and Saaketa Consultants 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 Indianivesh Securities is up to Upto 2x and by Saaketa Consultants it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Indianivesh Securities is up to Upto 6x and by Saaketa Consultants it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Indianivesh Securities is up to Upto 3x and by Saaketa Consultants it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Indianivesh Securities is up to Upto 5x and by Saaketa Consultants also, it is up to Upto 5x.
| Equity Leverage | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 6x | Upto 6x | Equity Futures | Upto 3x | Upto 3x | Equity Options | Upto 5x | Upto 5x |
Indianivesh Securities and Saaketa Consultants Currency Leverage
The currency futures leverage provided by Indianivesh Securities is up to Upto 2x, while for Saaketa Consultants it is up to Upto 2x.
The currency options leverage provided by Indianivesh Securities is up to Upto 4x, while for Saaketa Consultants it is up to Upto 4x.
| Currency Leverage | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 4x | Upto 4x |
Indianivesh Securities and Saaketa Consultants Commodity Leverage
The commodity leverage provided by Indianivesh Securities is up to Upto 2x, while for Saaketa Consultants it is up to Upto 2x.
| Commodity Leverage | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Indianivesh Securities and Saaketa Consultants 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 | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | Yes | Yes | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | Yes | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Indianivesh Securities and Saaketa Consultants Features
Equity Trading: Indianivesh Securities and Saaketa Consultants 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: Indianivesh Securities and Saaketa Consultants also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Indianivesh Securities and Saaketa Consultants broker is that you can also invest in IPOs. Indianivesh Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Indianivesh Securities offers trading exposure of up to Upto 6x, while Saaketa Consultants 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 Indianivesh Securities and Saaketa Consultants, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Indianivesh Securities and Saaketa Consultants also allow you to trade in forex trading.
| Features | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| 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) | Yes | No |
| Trading Institution | Yes | Yes | Trading Exposure | Upto 6x | Upto 6x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Indianivesh Securities and Saaketa Consultants 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. Indianivesh Securities and Saaketa Consultants 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 | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Indianivesh Securities and Saaketa Consultants 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. Indianivesh Securities and Saaketa Consultants 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 | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | No |
Indianivesh Securities and Saaketa Consultants Mobile Trading Platforms
Indianivesh Securities and Saaketa Consultants offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Indianivesh Securities and Saaketa Consultants 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. Indianivesh Securities and Saaketa Consultants 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 | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| 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 | 12 | 380 |
Indianivesh Securities and Saaketa Consultants 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 Indianivesh Securities and Saaketa Consultants registered and resolved complaints.
For Indianivesh Securities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Saaketa Consultants, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Indianivesh Securities is better than Saaketa Consultants in case of resolving customer complaints.
| BSE Complaints | Indianivesh Securities | Saaketa Consultants |
|---|---|---|
| BSE Complaints | 0 | 0 |
| BSE Resolved Complaints | 0 | 0 |
| Percentage of resolved BSE complaints | NaN % | NaN % |
| NSE Complaints | 3 | 1 |
| NSE Resolved Complaints | 3 | 1 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | NaN % |
Frequently Asked Questions
Is Indianivesh Securities better than Saaketa Consultants?
Indianivesh Securities and Saaketa Consultants 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 Saaketa Consultants better than Indianivesh Securities?
Saaketa Consultants and Indianivesh Securities 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 Indianivesh Securities and Saaketa Consultants?
Indianivesh Securities 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, Indianivesh Securities and Saaketa Consultants?
To figure out which of the two stockbrokers, Indianivesh Securities and Saaketa Consultants, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Indianivesh Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Indianivesh Securities with other brokerage firms.
Compare Saaketa Consultants with other stock brokers
Visit the following pages to see a detailed comparision report of Saaketa Consultants with other brokerage firms.