Compare stock brokers
Jm Financial vs. Basan Equity Broking
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 Jm Financial and Basan Equity Broking. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Jm Financial and Basan Equity Broking.
Overview
Jm Financial is public company and Basan Equity Broking is private company. both are full service broker as well. Nimesh Kampani co-founded Jm Financial in 1986. And Basan Equity Broking was founded in the year 2007 by Basanth Agarwal. Jm Financial's headquarters are in Mumbai, Maharashtra and Basan Equity Broking's headquarters are in Hyderabad, A.P.
Jm Financial and Basan Equity Broking both are full service broker as well. Jm Financial is registered in NA, while Basan Equity Broking is registered in NA. The total branches of Jm Financial are Nil and the Basan Equity Broking branches are Nil.
| Overview | Jm Financial | Basan Equity Broking |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, Maharashtra | Hyderabad, A.P |
| Founders | Nimesh Kampani | Basanth Agarwal |
| Foundation Year | 1986 | 2007 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Jm Financial and Basan Equity Broking 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 Jm Financial charging Rs.799 and Basan Equity Broking charging Rs.100.
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 Jm Financial Demat account is Rs.299 and for the Basan Equity Broking Demat account is Rs.299 per Annum. The Trading AMC for Jm Financial and Basan Equity Broking 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 Jm Financial and Basan Equity Broking is CDSL.
| Account Opening and Demat Charges | Jm Financial | Basan Equity Broking |
|---|---|---|
| Trading Account Opening Charges | Rs.799 | Rs.100 |
| Demat AMC (Annual Maintenance Charges) | Rs.299 | Rs.299 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Rs.15,000 Minimum | Minimum Rs.5,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Jm Financial and Basan Equity Broking 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 Jm Financial is 0.5% – 0.15%, while Basan Equity Broking charges you 0.30%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Jm Financial is 0.05% -0.015% and for Basan Equity Broking also, it is 0.03%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Jm Financial charge 0.05% -0.015% and Basan Equity Broking charge 0.03% 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, Jm Financial charges Rs.75 – Rs.20 per Lot, and Basan Equity Broking charges Rs.30 per Lot.
| Equity Brokerage Charges | Jm Financial | Basan Equity Broking |
|---|---|---|
| Equity Delivery Brokerage | 0.5% – 0.15% | 0.30% |
| Equity Intraday Brokerage | 0.05% -0.015% | 0.03% |
| Equity Futures Brokerage | 0.05% -0.015% | 0.03% |
| Equity Options Brokerage | Rs.75 – Rs.20 per Lot | Rs.30 per Lot |
Jm Financial and Basan Equity Broking 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 Jm Financial is 0.05% -0.015% and for Basan Equity Broking is 0.03%.
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. Jm Financial charges Rs.75 – Rs.20 per Lot for currency options, whereas Jm Financial charges Rs.30 per Lot.
| Currency Brokerage Charges | Jm Financial | Basan Equity Broking |
|---|---|---|
| Currency Futures Brokerage | 0.05% -0.015% | 0.03% |
| Currency Options Brokerage | Rs.75 – Rs.20 per Lot | Rs.30 per Lot |
Jm Financial and Basan Equity Broking 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. Jm Financial charges NA for commodity trading, while Basan Equity Broking charges NA.
| Commodity Brokerage Charges | Jm Financial | Basan Equity Broking |
|---|---|---|
| Commodity Options Brokerage | NA | NA |
Jm Financial and Basan Equity Broking Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Jm Financial levies a minimum brokerage fee of Percentage of Transaction, while Basan Equity Broking charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Jm Financial levies a transaction brokerage charge of 0.00325%, while Basan Equity Broking charges 0.00320%.
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 Jm Financial is 0.0002% of Total Turnover and for Jm Financial 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 Jm Financial are 0.0126% of selling value, while for Basan Equity Broking, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Jm Financial charges NA and Basan Equity Broking charges NA.
| Other Brokerage Charges | Jm Financial | Basan Equity Broking |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% | 0.00320% | 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 selling value | 0.0126% of selling value | Call and Trade Charges | NA | NA |
Jm Financial and Basan Equity Broking 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 Jm Financial is up to Upto 1x and by Basan Equity Broking it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Jm Financial is up to Upto 7x and by Basan Equity Broking it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Jm Financial is up to Upto 2x and by Basan Equity Broking it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Jm Financial is up to Upto 4x and by Basan Equity Broking also, it is up to Upto 5x.
| Equity Leverage | Jm Financial | Basan Equity Broking |
|---|---|---|
| Equity Delivery | Upto 1x | Upto 2x | Equity Intraday | Upto 7x | Upto 5x | Equity Futures | Upto 2x | Upto 2x | Equity Options | Upto 4x | Upto 5x |
Jm Financial and Basan Equity Broking Currency Leverage
The currency futures leverage provided by Jm Financial is up to Upto 3x, while for Basan Equity Broking it is up to Upto 2x.
The currency options leverage provided by Jm Financial is up to Upto 3x, while for Basan Equity Broking it is up to Upto 3x.
| Currency Leverage | Jm Financial | Basan Equity Broking |
|---|---|---|
| Currency Futures | Upto 3x | Upto 2x | Currency Options | Upto 3x | Upto 3x |
Jm Financial and Basan Equity Broking Commodity Leverage
The commodity leverage provided by Jm Financial is up to Upto 2x, while for Basan Equity Broking it is up to Upto 2x.
| Commodity Leverage | Jm Financial | Basan Equity Broking |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Jm Financial and Basan Equity Broking 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 | Jm Financial | Basan Equity Broking |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Jm Financial and Basan Equity Broking Features
Equity Trading: Jm Financial and Basan Equity Broking 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: Jm Financial and Basan Equity Broking also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Jm Financial and Basan Equity Broking broker is that you can also invest in IPOs. Jm Financial also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Jm Financial offers trading exposure of up to Upto 7x, while Basan Equity Broking gives up to Upto 5x.
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 Jm Financial and Basan Equity Broking, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Jm Financial and Basan Equity Broking also allow you to trade in forex trading.
| Features | Jm Financial | Basan Equity Broking |
|---|---|---|
| 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 | No | No | Trading Exposure | Upto 7x | Upto 5x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Jm Financial and Basan Equity Broking 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. Jm Financial and Basan Equity Broking 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 | Jm Financial | Basan Equity Broking |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | 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 |
Jm Financial and Basan Equity Broking 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. Jm Financial and Basan Equity Broking 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 | Jm Financial | Basan Equity Broking |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | No |
Jm Financial and Basan Equity Broking Mobile Trading Platforms
Jm Financial and Basan Equity Broking offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Jm Financial | Basan Equity Broking |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Jm Financial and Basan Equity Broking 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. Jm Financial and Basan Equity Broking 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 | Jm Financial | Basan Equity Broking |
|---|---|---|
| Relationship Manager | Yes | No |
| 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 | 50 | 7 |
Jm Financial and Basan Equity Broking 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 Jm Financial and Basan Equity Broking registered and resolved complaints.
For Jm Financial, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Basan Equity Broking, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is NaN %.
We can say that Jm Financial is better than Basan Equity Broking in case of resolving customer complaints.
| BSE Complaints | Jm Financial | Basan Equity Broking |
|---|---|---|
| BSE Complaints | 5 | 0 |
| BSE Resolved Complaints | 5 | 0 |
| Percentage of resolved BSE complaints | 100.00 % | NaN % |
| NSE Complaints | 7 | 0 |
| NSE Resolved Complaints | 7 | 0 |
| Percentage of resolved NSE complaints | 100.00 % | NaN % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is Jm Financial better than Basan Equity Broking?
Jm Financial and Basan Equity Broking 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 Basan Equity Broking better than Jm Financial?
Basan Equity Broking and Jm Financial 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 Jm Financial and Basan Equity Broking?
Jm Financial 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, Jm Financial and Basan Equity Broking?
To figure out which of the two stockbrokers, Jm Financial and Basan Equity Broking, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Jm Financial with other stock brokers
Visit the following pages to see a detailed comparision report of Jm Financial with other brokerage firms.
Compare Basan Equity Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Basan Equity Broking with other brokerage firms.