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Lakshmishree Investment vs. Achiievers Equities
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 Lakshmishree Investment and Achiievers Equities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Lakshmishree Investment and Achiievers Equities.
Overview
Lakshmishree Investment are Achiievers Equities both private companies and Lakshmishree Investment operates as a full service Broker, while Achiievers Equities functions as a discount broker. Salil Kumar Shah (MD) co-founded Lakshmishree Investment in 2005. And Achiievers Equities was founded in the year 1999 by Suman Chakrvarty. Lakshmishree Investment's headquarters are in Mumbai, Maharashtra and Achiievers Equities's headquarters are in Kolkata, West Bengal.
Lakshmishree Investment operates as a full service Broker, while Achiievers Equities functions as a discount broker. Lakshmishree Investment is registered in NA, while Achiievers Equities is registered in NSE, BSE and MCX. The total branches of Lakshmishree Investment are Nil and the Achiievers Equities branches are 1.
| Overview | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai, Maharashtra | Kolkata, West Bengal |
| Founders | Salil Kumar Shah (MD) | Suman Chakrvarty |
| Foundation Year | 2005 | 1999 |
| Supported Exchanges | NA | NSE, BSE and MCX |
| Total branches | Nil | 1 |
Lakshmishree Investment and Achiievers Equities 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 Lakshmishree Investment charging Free and Achiievers Equities charging Rs.750.
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 Lakshmishree Investment Demat account is Rs.210 per Annum and for the Achiievers Equities Demat account is Free. The Trading AMC for Lakshmishree Investment and Achiievers Equities 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 Lakshmishree Investment and Achiievers Equities is CDSL.
| Account Opening and Demat Charges | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Trading Account Opening Charges | Free | Rs.750 |
| Demat AMC (Annual Maintenance Charges) | Rs.210 per Annum | Free |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.10,000 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Lakshmishree Investment and Achiievers Equities 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 Lakshmishree Investment is 0.21%, while Achiievers Equities charges you Rs.15 per executed order.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Lakshmishree Investment is 0.02% and for Achiievers Equities also, it is Rs.15 per executed order.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Lakshmishree Investment charge 0.02% and Achiievers Equities charge Rs.15 per executed order 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, Lakshmishree Investment charges Rs.21 per Lot, and Achiievers Equities charges Rs.15 per executed order.
| Equity Brokerage Charges | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Equity Delivery Brokerage | 0.21% | Rs.15 per executed order |
| Equity Intraday Brokerage | 0.02% | Rs.15 per executed order |
| Equity Futures Brokerage | 0.02% | Rs.15 per executed order |
| Equity Options Brokerage | Rs.21 per Lot | Rs.15 per executed order |
Lakshmishree Investment and Achiievers Equities 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 Lakshmishree Investment is 0.03% and for Achiievers Equities is Rs.15 per executed order.
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. Lakshmishree Investment charges Rs.21 per Lot for currency options, whereas Lakshmishree Investment charges Rs.15 per executed order.
| Currency Brokerage Charges | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Currency Futures Brokerage | 0.03% | Rs.15 per executed order |
| Currency Options Brokerage | Rs.21 per Lot | Rs.15 per executed order |
Lakshmishree Investment and Achiievers Equities 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. Lakshmishree Investment charges 0.02% for commodity trading, while Achiievers Equities charges Rs.15 per executed order.
| Commodity Brokerage Charges | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Commodity Options Brokerage | 0.02% | Rs.15 per executed order |
Lakshmishree Investment and Achiievers Equities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Lakshmishree Investment levies a minimum brokerage fee of Percentage of Transaction, while Achiievers Equities charges Rs.15 brokerage fee.
Transaction Brokerage Charges: Lakshmishree Investment levies a transaction brokerage charge of 0.00%, while Achiievers Equities charges 0.00280% of Total Turnover.
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 Lakshmishree Investment is 0.0002% of Total Turnover and for Lakshmishree Investment 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 Lakshmishree Investment are 0.0126% of selling value, while for Achiievers Equities, they are 0.0115% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Lakshmishree Investment charges NA and Achiievers Equities charges Rs 20 per trade.
| Other Brokerage Charges | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Rs.15 | Transaction Brokerage Charges | 0.00% | 0.00280% of Total Turnover | 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 | 0.0115% of Total Turnover | Call and Trade Charges | NA | Rs 20 per trade |
Lakshmishree Investment and Achiievers Equities 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 Lakshmishree Investment is up to Upto 3x and by Achiievers Equities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Lakshmishree Investment is up to Upto 7x and by Achiievers Equities it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Lakshmishree Investment is up to Upto 3x and by Achiievers Equities it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Lakshmishree Investment is up to Upto 5x and by Achiievers Equities also, it is up to Upto 3x.
| Equity Leverage | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 2x | Equity Intraday | Upto 7x | Upto 5x | Equity Futures | Upto 3x | Upto 3x | Equity Options | Upto 5x | Upto 3x |
Lakshmishree Investment and Achiievers Equities Currency Leverage
The currency futures leverage provided by Lakshmishree Investment is up to Upto 4x, while for Achiievers Equities it is up to Upto 2x.
The currency options leverage provided by Lakshmishree Investment is up to Upto 4x, while for Achiievers Equities it is up to Upto 2x.
| Currency Leverage | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Currency Futures | Upto 4x | Upto 2x | Currency Options | Upto 4x | Upto 2x |
Lakshmishree Investment and Achiievers Equities Commodity Leverage
The commodity leverage provided by Lakshmishree Investment is up to Upto 3x, while for Achiievers Equities it is up to Upto 2x.
| Commodity Leverage | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Commodity | Upto 3x | Upto 2x |
Lakshmishree Investment and Achiievers Equities 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 | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | 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 |
Lakshmishree Investment and Achiievers Equities Features
Equity Trading: Lakshmishree Investment and Achiievers Equities 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: Lakshmishree Investment and Achiievers Equities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Lakshmishree Investment and Achiievers Equities broker is that you can also invest in IPOs. Lakshmishree Investment also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Lakshmishree Investment offers trading exposure of up to Upto 7x, while Achiievers Equities 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 Lakshmishree Investment and Achiievers Equities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Lakshmishree Investment and Achiievers Equities also allow you to trade in forex trading.
| Features | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| 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 | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Lakshmishree Investment and Achiievers Equities 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. Lakshmishree Investment and Achiievers Equities 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 | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | No |
| Top Picks | No | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Lakshmishree Investment and Achiievers Equities 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. Lakshmishree Investment and Achiievers Equities 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 | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Lakshmishree Investment and Achiievers Equities Mobile Trading Platforms
Lakshmishree Investment and Achiievers Equities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | No |
| iOS App | Yes | No |
| Windows App | No | No |
| Other mobile os | No | No |
Lakshmishree Investment and Achiievers Equities 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. Lakshmishree Investment and Achiievers Equities 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 | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 380 | 0 |
Lakshmishree Investment and Achiievers Equities 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 Lakshmishree Investment and Achiievers Equities registered and resolved complaints.
For Lakshmishree Investment, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Achiievers Equities, the Percentage of resolved BSE complaints is 88.89 % and the Percentage of resolved NSE complaints is 88.00 %.
We can say that Lakshmishree Investment is better than Achiievers Equities in case of resolving customer complaints.
| BSE Complaints | Lakshmishree Investment | Achiievers Equities |
|---|---|---|
| BSE Complaints | 0 | 18 |
| BSE Resolved Complaints | 0 | 16 |
| Percentage of resolved BSE complaints | NaN % | 88.89 % |
| NSE Complaints | 2 | 25 |
| NSE Resolved Complaints | 2 | 22 |
| Percentage of resolved NSE complaints | 100.00 % | 88.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 88.44 % |
Frequently Asked Questions
Is Lakshmishree Investment better than Achiievers Equities?
Lakshmishree Investment is a full service broker and Achiievers Equities is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Achiievers Equities better than Lakshmishree Investment?
Achiievers Equities is a discount broker and Lakshmishree Investment is a full service broker. 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 Lakshmishree Investment and Achiievers Equities?
Being a full-service broker, Lakshmishree Investment tends to have higher brokerage charges, while Achiievers Equities, being a discount broker, offers comparatively cheaper rates. 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, Lakshmishree Investment and Achiievers Equities?
To figure out which of the two stockbrokers, Lakshmishree Investment and Achiievers Equities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Lakshmishree Investment with other stock brokers
Visit the following pages to see a detailed comparision report of Lakshmishree Investment with other brokerage firms.
Compare Achiievers Equities with other stock brokers
Visit the following pages to see a detailed comparision report of Achiievers Equities with other brokerage firms.