Compare stock brokers
Narnolia vs. Anvil Share Stock 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 Narnolia and Anvil Share Stock Broking. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Narnolia and Anvil Share Stock Broking.
Overview
Narnolia is public company and Anvil Share Stock Broking is private company. both are full service broker as well. Krishnanand Narnolia co-founded Narnolia in 1997. And Anvil Share Stock Broking was founded in the year 1997 by Anuj A. Sheth. Narnolia's headquarters are in Kolkata and Anvil Share Stock Broking's headquarters are in Mumbai, Maharashtra.
Narnolia and Anvil Share Stock Broking both are full service broker as well. Narnolia is registered in NA, while Anvil Share Stock Broking is registered in NA. The total branches of Narnolia are Nil and the Anvil Share Stock Broking branches are Nil.
| Overview | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Kolkata | Mumbai, Maharashtra |
| Founders | Krishnanand Narnolia | Anuj A. Sheth |
| Foundation Year | 1997 | 1997 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Narnolia and Anvil Share Stock 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 Narnolia charging Rs.300 and Anvil Share Stock Broking charging Zero.
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 Narnolia Demat account is Free and for the Anvil Share Stock Broking Demat account is Rs.350 per Annum. The Trading AMC for Narnolia and Anvil Share Stock 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 Narnolia and Anvil Share Stock Broking is CDSL.
| Account Opening and Demat Charges | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Trading Account Opening Charges | Rs.300 | Zero |
| Demat AMC (Annual Maintenance Charges) | Free | Rs.350 per Annum |
| Trading AMC (Annual Maintenance Charges) | Rs.250 per Annum | Free |
| Margin Money | Minimum Rs.3,000 | Rs.0 – Rs.300,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Narnolia and Anvil Share Stock 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 Narnolia is 0.1% – 0.2%, while Anvil Share Stock Broking charges you 0.40%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Narnolia is 0.01% – 0.02% and for Anvil Share Stock Broking 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. Narnolia charge 0.01% – 0.02% and Anvil Share Stock Broking 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, Narnolia charges Rs.10 – Rs.20 per Lot, and Anvil Share Stock Broking charges Rs.75 per Lot.
| Equity Brokerage Charges | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Equity Delivery Brokerage | 0.1% – 0.2% | 0.40% |
| Equity Intraday Brokerage | 0.01% – 0.02% | 0.04% |
| Equity Futures Brokerage | 0.01% – 0.02% | 0.04% |
| Equity Options Brokerage | Rs.10 – Rs.20 per Lot | Rs.75 per Lot |
Narnolia and Anvil Share Stock 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 Narnolia is 0.01% – 0.02% and for Anvil Share Stock Broking 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. Narnolia charges Rs.10 – Rs.20 per Lot for currency options, whereas Narnolia charges Rs.75 per Lot.
| Currency Brokerage Charges | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Currency Futures Brokerage | 0.01% – 0.02% | 0.04% |
| Currency Options Brokerage | Rs.10 – Rs.20 per Lot | Rs.75 per Lot |
Narnolia and Anvil Share Stock 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. Narnolia charges 0.01% – 0.02% for commodity trading, while Anvil Share Stock Broking charges NA.
| Commodity Brokerage Charges | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Commodity Options Brokerage | 0.01% – 0.02% | NA |
Narnolia and Anvil Share Stock Broking Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Narnolia levies a minimum brokerage fee of Percentage of Transaction, while Anvil Share Stock Broking charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Narnolia levies a transaction brokerage charge of 0.00325%, while Anvil Share Stock Broking charges 0.00325%.
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 Narnolia is 0.0002% of Total Turnover and for Narnolia 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 Narnolia are 0.0126% of Total Turnover, while for Anvil Share Stock Broking, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Narnolia charges NA and Anvil Share Stock Broking charges NA.
| Other Brokerage Charges | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% | 0.00325% | 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 |
Narnolia and Anvil Share Stock 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 Narnolia is up to Upto 2x and by Anvil Share Stock Broking it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Narnolia is up to Upto 10x and by Anvil Share Stock Broking it is up to Upto 7x.
Equity Futures: Leverage for Equity Futures by Narnolia is up to Upto 3x and by Anvil Share Stock Broking it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Narnolia is up to Upto 5x and by Anvil Share Stock Broking also, it is up to Upto 5x.
| Equity Leverage | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 10x | Upto 7x | Equity Futures | Upto 3x | Upto 3x | Equity Options | Upto 5x | Upto 5x |
Narnolia and Anvil Share Stock Broking Currency Leverage
The currency futures leverage provided by Narnolia is up to Upto 2x, while for Anvil Share Stock Broking it is up to Upto 3x.
The currency options leverage provided by Narnolia is up to Upto 2x, while for Anvil Share Stock Broking it is up to Upto 2x.
| Currency Leverage | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Currency Futures | Upto 2x | Upto 3x | Currency Options | Upto 2x | Upto 2x |
Narnolia and Anvil Share Stock Broking Commodity Leverage
The commodity leverage provided by Narnolia is up to Upto 5x, while for Anvil Share Stock Broking it is up to Upto 3x.
| Commodity Leverage | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Commodity | Upto 5x | Upto 3x |
Narnolia and Anvil Share Stock 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 | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Free Stock Trading Account | No | 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 | Yes | Yes | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Narnolia and Anvil Share Stock Broking Features
Equity Trading: Narnolia and Anvil Share Stock 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: Narnolia and Anvil Share Stock Broking also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Narnolia and Anvil Share Stock Broking broker is that you can also invest in IPOs. Narnolia also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Narnolia offers trading exposure of up to Upto 10x, while Anvil Share Stock Broking gives up to Upto 7x.
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 Narnolia and Anvil Share Stock Broking, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Narnolia and Anvil Share Stock Broking also allow you to trade in forex trading.
| Features | Narnolia | Anvil Share Stock 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 | Yes | No | Trading Exposure | Upto 10x | Upto 7x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Narnolia and Anvil Share Stock 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. Narnolia and Anvil Share Stock 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 | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| Company Stock Review | Yes | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Narnolia and Anvil Share Stock 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. Narnolia and Anvil Share Stock 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 | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Narnolia and Anvil Share Stock Broking Mobile Trading Platforms
Narnolia and Anvil Share Stock Broking offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Narnolia and Anvil Share Stock 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. Narnolia and Anvil Share Stock 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 | Narnolia | Anvil Share Stock 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 | 380 | 19 |
Narnolia and Anvil Share Stock 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 Narnolia and Anvil Share Stock Broking registered and resolved complaints.
For Narnolia, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Anvil Share Stock Broking, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Narnolia is better than Anvil Share Stock Broking in case of resolving customer complaints.
| BSE Complaints | Narnolia | Anvil Share Stock Broking |
|---|---|---|
| BSE Complaints | 1 | 0 |
| BSE Resolved Complaints | 1 | 0 |
| Percentage of resolved BSE complaints | 100.00 % | NaN % |
| NSE Complaints | 4 | 1 |
| NSE Resolved Complaints | 4 | 1 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is Narnolia better than Anvil Share Stock Broking?
Narnolia and Anvil Share Stock 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 Anvil Share Stock Broking better than Narnolia?
Anvil Share Stock Broking and Narnolia 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 Narnolia and Anvil Share Stock Broking?
Narnolia 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, Narnolia and Anvil Share Stock Broking?
To figure out which of the two stockbrokers, Narnolia and Anvil Share Stock Broking, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Narnolia with other stock brokers
Visit the following pages to see a detailed comparision report of Narnolia with other brokerage firms.
Compare Anvil Share Stock Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Anvil Share Stock Broking with other brokerage firms.