Compare stock brokers
Profitmart Securities vs. Inventure
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 Profitmart Securities and Inventure. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Profitmart Securities and Inventure.
Overview
Profitmart Securities is private company and Inventure is public company. both are full service broker as well. Niranjan Mahajan, Nayan Bhandari, Rudasan R K co-founded Profitmart Securities in 2010. And Inventure was founded in the year 1995 by Kanji B. Rita. Profitmart Securities's headquarters are in Mumbai, India and Inventure's headquarters are in Mumbai, Maharashtra.
Profitmart Securities and Inventure both are full service broker as well. Profitmart Securities is registered in NA, while Inventure is registered in NA. The total branches of Profitmart Securities are Nil and the Inventure branches are Nil.
| Overview | Profitmart Securities | Inventure |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, India | Mumbai, Maharashtra |
| Founders | Niranjan Mahajan, Nayan Bhandari, Rudasan R K | Kanji B. Rita |
| Foundation Year | 2010 | 1995 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Profitmart Securities and Inventure 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 Profitmart Securities charging Zero and Inventure charging Rs.499.
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 Profitmart Securities Demat account is Free and for the Inventure Demat account is Free. The Trading AMC for Profitmart Securities and Inventure 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 Profitmart Securities and Inventure is CDSL.
| Account Opening and Demat Charges | Profitmart Securities | Inventure |
|---|---|---|
| Trading Account Opening Charges | Zero | Rs.499 |
| Demat AMC (Annual Maintenance Charges) | Free | Free |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum 10,000 | Minimum Rs.10,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL | CDSL & NSDL |
Profitmart Securities and Inventure 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 Profitmart Securities is 0.30%, while Inventure charges you 0.2% – 0.5%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Profitmart Securities is 0.01% and for Inventure also, it is 0.02% – 0.05%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Profitmart Securities charge 0.01% and Inventure charge 0.02% – 0.05% 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, Profitmart Securities charges Rs.25 per lot, and Inventure charges Rs.20 – Rs.50 per Lot.
| Equity Brokerage Charges | Profitmart Securities | Inventure |
|---|---|---|
| Equity Delivery Brokerage | 0.30% | 0.2% – 0.5% |
| Equity Intraday Brokerage | 0.01% | 0.02% – 0.05% |
| Equity Futures Brokerage | 0.01% | 0.02% – 0.05% |
| Equity Options Brokerage | Rs.25 per lot | Rs.20 – Rs.50 per Lot |
Profitmart Securities and Inventure 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 Profitmart Securities is 0.01% and for Inventure is 0.02% – 0.05%.
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. Profitmart Securities charges Rs.25 per Lot for currency options, whereas Profitmart Securities charges Rs.10 – Rs.25 per Lot.
| Currency Brokerage Charges | Profitmart Securities | Inventure |
|---|---|---|
| Currency Futures Brokerage | 0.01% | 0.02% – 0.05% |
| Currency Options Brokerage | Rs.25 per Lot | Rs.10 – Rs.25 per Lot |
Profitmart Securities and Inventure 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. Profitmart Securities charges 0.01% for commodity trading, while Inventure charges 0.02% – 0.05%.
| Commodity Brokerage Charges | Profitmart Securities | Inventure |
|---|---|---|
| Commodity Options Brokerage | 0.01% | 0.02% – 0.05% |
Profitmart Securities and Inventure Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Profitmart Securities levies a minimum brokerage fee of 0.01% for transaction, while Inventure charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Profitmart Securities levies a transaction brokerage charge of 0.00325% of Total Turnover, while Inventure charges 0.00305%.
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 Profitmart Securities is 0.0002% of Total Turnover and for Profitmart 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 Profitmart Securities are 0.0126% of Total Turnover, while for Inventure, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Profitmart Securities charges Nil and Inventure charges NA.
| Other Brokerage Charges | Profitmart Securities | Inventure |
|---|---|---|
| Minimum Brokerage Charges | 0.01% for transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00305% | 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 | Nil | NA |
Profitmart Securities and Inventure 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 Profitmart Securities is up to Upto 2x and by Inventure it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Profitmart Securities is up to Upto 6x and by Inventure it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Profitmart Securities is up to Upto 3x and by Inventure it is up to Upto 1x.
Equity Options: Leverage for Equity Options by Profitmart Securities is up to Upto 2x and by Inventure also, it is up to Upto 5x.
| Equity Leverage | Profitmart Securities | Inventure |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 6x | Upto 5x | Equity Futures | Upto 3x | Upto 1x | Equity Options | Upto 2x | Upto 5x |
Profitmart Securities and Inventure Currency Leverage
The currency futures leverage provided by Profitmart Securities is up to Upto 2x, while for Inventure it is up to Upto 2x.
The currency options leverage provided by Profitmart Securities is up to Upto 3x, while for Inventure it is up to Upto 6x.
| Currency Leverage | Profitmart Securities | Inventure |
|---|---|---|
| Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 3x | Upto 6x |
Profitmart Securities and Inventure Commodity Leverage
The commodity leverage provided by Profitmart Securities is up to Upto 2x, while for Inventure it is up to Upto 3x.
| Commodity Leverage | Profitmart Securities | Inventure |
|---|---|---|
| Commodity | Upto 2x | Upto 3x |
Profitmart Securities and Inventure 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 | Profitmart Securities | Inventure |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | 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 |
Profitmart Securities and Inventure Features
Equity Trading: Profitmart Securities and Inventure 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: Profitmart Securities and Inventure also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Profitmart Securities and Inventure broker is that you can also invest in IPOs. Profitmart Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Profitmart Securities offers trading exposure of up to Upto 20x, while Inventure 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 Profitmart Securities and Inventure, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Profitmart Securities and Inventure also allow you to trade in forex trading.
| Features | Profitmart Securities | Inventure |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | No | 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 20x | Upto 5x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Profitmart Securities and Inventure 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. Profitmart Securities and Inventure 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 | Profitmart Securities | Inventure |
|---|---|---|
| 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 | No | Yes |
| Top Picks | No | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Profitmart Securities and Inventure 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. Profitmart Securities and Inventure 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 | Profitmart Securities | Inventure |
|---|---|---|
| Windows | Yes | Yes |
| Mac | No | Yes |
| Desktop Browser | No | Yes |
Profitmart Securities and Inventure Mobile Trading Platforms
Profitmart Securities and Inventure offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Profitmart Securities | Inventure |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | No |
| iOS App | Yes | No |
| Windows App | Yes | No |
| Other mobile os | No | No |
Profitmart Securities and Inventure 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. Profitmart Securities and Inventure 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 | Profitmart Securities | Inventure |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | No | 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 | 16 | 0 |
Profitmart Securities and Inventure 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 Profitmart Securities and Inventure registered and resolved complaints.
For Profitmart Securities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Inventure, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Profitmart Securities is better than Inventure in case of resolving customer complaints.
| BSE Complaints | Profitmart Securities | Inventure |
|---|---|---|
| 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 Profitmart Securities better than Inventure?
Profitmart Securities and Inventure 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 Inventure better than Profitmart Securities?
Inventure and Profitmart 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 Profitmart Securities and Inventure?
Profitmart 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, Profitmart Securities and Inventure?
To figure out which of the two stockbrokers, Profitmart Securities and Inventure, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Profitmart Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Profitmart Securities with other brokerage firms.
Compare Inventure with other stock brokers
Visit the following pages to see a detailed comparision report of Inventure with other brokerage firms.