Top Stock Advisory
Religare Securities vs. Shree Kanha Stock
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 Religare Securities and Shree Kanha Stock. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Religare Securities and Shree Kanha Stock.
Overview
Religare Securities is public company and Shree Kanha Stock is private company. both are full service broker as well. Maninder Singh co-founded Religare Securities in 1984. And Shree Kanha Stock was founded in the year 2004 by Dushyantkumar Maheshkumar Shah. Religare Securities's headquarters are in Delhi, India and Shree Kanha Stock's headquarters are in Ahmedabad, Gujarat.
Religare Securities and Shree Kanha Stock both are full service broker as well. Religare Securities is registered in BSE, NSE, MCX, while Shree Kanha Stock is registered in NA. The total branches of Religare Securities are 1500 and the Shree Kanha Stock branches are Nil.
Overview | Religare Securities | Shree Kanha Stock |
---|---|---|
Broker Type | Full Service Broker | Full Service Broker |
Type of company | Public | Private |
Headquarter | Delhi, India | Ahmedabad, Gujarat |
Founders | Maninder Singh | Dushyantkumar Maheshkumar Shah |
Foundation Year | 1984 | 2004 |
Supported Exchanges | BSE, NSE, MCX | NA |
Total branches | 1500 | Nil |
Religare Securities and Shree Kanha Stock 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 Religare Securities charging Rs.500 and Shree Kanha Stock charging Rs.250.
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 Religare Securities Demat account is Free or Rs.300 per annum and for the Shree Kanha Stock Demat account is Rs.300 per Annum. The Trading AMC for Religare Securities and Shree Kanha Stock 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 Religare Securities and Shree Kanha Stock is CDSL.
Account Opening and Demat Charges | Religare Securities | Shree Kanha Stock |
---|---|---|
Trading Account Opening Charges | Rs.500 | Rs.250 |
Demat AMC (Annual Maintenance Charges) | Free or Rs.300 per annum | Rs.300 per Annum |
Trading AMC (Annual Maintenance Charges) | Free | Free |
Margin Money | Rs.50,000 | Minimum Rs.5,000 |
Offline to Online Charges | Yes | Yes |
Depository | CDSL & NSDL | CDSL & NSDL |
Religare Securities and Shree Kanha Stock 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 Religare Securities is 0.10% – 0.40%, while Shree Kanha Stock charges you 0.33%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Religare Securities is 0.01% – 0.04% and for Shree Kanha Stock 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. Religare Securities charge 0.01% – 0.04% and Shree Kanha Stock 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, Religare Securities charges Rs.100 per lot, and Shree Kanha Stock charges Rs.20 per order.
Equity Brokerage Charges | Religare Securities | Shree Kanha Stock |
---|---|---|
Equity Delivery Brokerage | 0.10% – 0.40% | 0.33% |
Equity Intraday Brokerage | 0.01% – 0.04% | 0.03% |
Equity Futures Brokerage | 0.01% – 0.04% | 0.03% |
Equity Options Brokerage | Rs.100 per lot | Rs.20 per order |
Religare Securities and Shree Kanha Stock 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 Religare Securities is 0.01% – 0.04% and for Shree Kanha Stock 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. Religare Securities charges Rs.10 per lot for currency options, whereas Religare Securities charges Rs.30 per order.
Currency Brokerage Charges | Religare Securities | Shree Kanha Stock |
---|---|---|
Currency Futures Brokerage | 0.01% – 0.04% | 0.03% |
Currency Options Brokerage | Rs.10 per lot | Rs.30 per order |
Religare Securities and Shree Kanha Stock 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. Religare Securities charges 0.01% – 0.04% for commodity trading, while Shree Kanha Stock charges 0.03%.
Commodity Brokerage Charges | Religare Securities | Shree Kanha Stock |
---|---|---|
Commodity Options Brokerage | 0.01% – 0.04% | 0.03% |
Religare Securities and Shree Kanha Stock Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Religare Securities levies a minimum brokerage fee of As per Transaction, while Shree Kanha Stock charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Religare Securities levies a transaction brokerage charge of 0.00370% of Total Turnover, while Shree Kanha Stock charges 0.00265% 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 Religare Securities is 0.0002% of Total Turnover and for Religare 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 Religare Securities are 0.0126% of Total Turnover, while for Shree Kanha Stock, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Religare Securities charges Rs 10 per executed order (max Rs 50 per day) and Shree Kanha Stock charges NA.
Other Brokerage Charges | Religare Securities | Shree Kanha Stock |
---|---|---|
Minimum Brokerage Charges | As per Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00370% of Total Turnover | 0.00265% 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 Total Turnover | 0.0126% of selling value | Call and Trade Charges | Rs 10 per executed order (max Rs 50 per day) | NA |
Religare Securities and Shree Kanha Stock 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 Religare Securities is up to Upto 10x and by Shree Kanha Stock it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Religare Securities is up to Upto 15x and by Shree Kanha Stock it is up to Upto 2x.
Equity Futures: Leverage for Equity Futures by Religare Securities is up to Upto 10x and by Shree Kanha Stock it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Religare Securities is up to Upto 10x and by Shree Kanha Stock also, it is up to Upto 6x.
Equity Leverage | Religare Securities | Shree Kanha Stock |
---|---|---|
Equity Delivery | Upto 10x | Upto 2x | Equity Intraday | Upto 15x | Upto 2x | Equity Futures | Upto 10x | Upto 3x | Equity Options | Upto 10x | Upto 6x |
Religare Securities and Shree Kanha Stock Currency Leverage
The currency futures leverage provided by Religare Securities is up to Upto 5x, while for Shree Kanha Stock it is up to Upto 2x.
The currency options leverage provided by Religare Securities is up to Upto 9x, while for Shree Kanha Stock it is up to Upto 3x.
Currency Leverage | Religare Securities | Shree Kanha Stock |
---|---|---|
Currency Futures | Upto 5x | Upto 2x | Currency Options | Upto 9x | Upto 3x |
Religare Securities and Shree Kanha Stock Commodity Leverage
The commodity leverage provided by Religare Securities is up to Upto 10x, while for Shree Kanha Stock it is up to Upto 2x.
Commodity Leverage | Religare Securities | Shree Kanha Stock |
---|---|---|
Commodity | Upto 10x | Upto 2x |
Religare Securities and Shree Kanha Stock 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 | Religare Securities | Shree Kanha Stock |
---|---|---|
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 | Yes | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Religare Securities and Shree Kanha Stock Features
Equity Trading: Religare Securities and Shree Kanha Stock 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: Religare Securities and Shree Kanha Stock also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Religare Securities and Shree Kanha Stock broker is that you can also invest in IPOs. Religare Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Religare Securities offers trading exposure of up to Upto 15x, while Shree Kanha Stock gives up to Upto 2x.
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 Religare Securities and Shree Kanha Stock, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Religare Securities and Shree Kanha Stock also allow you to trade in forex trading.
Features | Religare Securities | Shree Kanha Stock |
---|---|---|
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 15x | Upto 2x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Religare Securities and Shree Kanha Stock 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. Religare Securities and Shree Kanha Stock 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 | Religare Securities | Shree Kanha Stock |
---|---|---|
Fundamental Reports | Yes | No |
Research Reports | Yes | No |
Company Reports | Yes | No |
Annual Reports | Yes | No |
Company Stock Review | Yes | No |
Free Stock Tips | No | Yes |
IPO Reports | Yes | Yes |
Top Picks | Yes | No |
Daily Market Review | No | Yes |
Monthly Reports | Yes | Yes |
Weekly reports | Yes | Yes |
Offline Advisory | Yes | Yes |
Relationship Manager | Yes | Yes |
Religare Securities and Shree Kanha Stock 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. Religare Securities and Shree Kanha Stock 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 | Religare Securities | Shree Kanha Stock |
---|---|---|
Windows | Yes | Yes |
Mac | Yes | No |
Desktop Browser | Yes | Yes |
Religare Securities and Shree Kanha Stock Mobile Trading Platforms
Religare Securities and Shree Kanha Stock offer you mobile trading platforms which can be used in iOS and Android applications.
Mobile Trading Platforms | Religare Securities | Shree Kanha Stock |
---|---|---|
Mobile Browser | No | Yes |
Android App | Yes | No |
iOS App | Yes | No |
Windows App | No | No |
Other mobile os | No | No |
Religare Securities and Shree Kanha Stock 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. Religare Securities and Shree Kanha Stock 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 | Religare Securities | Shree Kanha Stock |
---|---|---|
Relationship Manager | Yes | 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 | 56 | 380 |
Religare Securities and Shree Kanha Stock 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 Religare Securities and Shree Kanha Stock registered and resolved complaints.
For Religare Securities, the Percentage of resolved BSE complaints is 67.46% and the Percentage of resolved NSE complaints is 77.13 %.
For Shree Kanha Stock, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Religare Securities is better than Shree Kanha Stock in case of resolving customer complaints.
BSE Complaints | Religare Securities | Shree Kanha Stock |
---|---|---|
BSE Complaints | 126 | 0 |
BSE Resolved Complaints | 85 | 0 |
Percentage of resolved BSE complaints | 67.46% | NaN % |
NSE Complaints | 188 | 1 |
NSE Resolved Complaints | 145 | 1 |
Percentage of resolved NSE complaints | 77.13 % | 100.00 % |
BSE/NSE Complaint vs. Resolved Percentage | 72.29 % | NaN % |
Frequently Asked Questions
Is Religare Securities better than Shree Kanha Stock?
Religare Securities and Shree Kanha Stock 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 Shree Kanha Stock better than Religare Securities?
Shree Kanha Stock and Religare 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 Religare Securities and Shree Kanha Stock?
Religare 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, Religare Securities and Shree Kanha Stock?
To figure out which of the two stockbrokers, Religare Securities and Shree Kanha Stock, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Religare Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Religare Securities with other brokerage firms.
Compare Shree Kanha Stock with other stock brokers
Visit the following pages to see a detailed comparision report of Shree Kanha Stock with other brokerage firms.