Reviews of Stock Brokers


Asit C Mehta

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Asit C Mehta, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Overview

Asit C Mehta founded in 1986 by Mr.Asit C Mehta is a Public company headquartered in Mumbai India. As a Full Service Broker, Asit C Mehta aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Asit C Mehta operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewAsit C Mehta
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterMumbai
FoundersMr.Asit C Mehta
Foundation Year1986
Supported ExchangesNA
Total branchesNil

Asit C Mehta Account opening charges

To begin trading with Asit C Mehta, you need to open a trading account and a Demat account. Asit C Mehta charges Rs.400 – Rs.700 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesAsit C Mehta
Trading Account Opening ChargesRs.400 – Rs.700
Demat AMC (Annual Maintenance Charges)Free
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyRs.0 – Rs.199,999
Offline to Online ChargesYes
DepositoryCDSL

Asit C Mehta Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Asit C Mehta brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesAsit C Mehta
Equity Delivery Brokerage0.20% – 0.55%
Equity Intraday Brokerage0.020% – 0.050%
Equity Futures Brokerage0.020% – 0.050%
Equity Options BrokerageRs.70 – Rs.100 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesAsit C Mehta
Currency Futures Brokerage0.020% – 0.050%
Currency Options BrokerageRs.70 – Rs.100 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesAsit C Mehta
Commodity Options Brokerage0.020% – 0.050%

Asit C Mehta Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesAsit C Mehta
Minimum Brokerage ChargesRs.30 per Trade
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of selling value
Call and Trade ChargesNA

Asit C Mehta Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Asit C Mehta:

Equity LeverageAsit C Mehta
Equity DeliveryUpto 3x
Equity IntradayUpto 15x
Equity FuturesUpto 5x
Equity OptionsUpto 8x

Asit C Mehta Currency Leverage

Currency LeverageAsit C Mehta
Currency FuturesUpto 5x
Currency OptionsUpto 8x

Asit C Mehta Commodity Leverage

Equity LeverageAsit C Mehta
CommodityUpto 10x

Asit C Mehta Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersAsit C Mehta
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Asit C Mehta Features

FeaturesAsit C Mehta
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 15x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo
BankingNo
InsuranceNo

Asit C Mehta Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesAsit C Mehta
Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Asit C Mehta Trading Platforms

The Asit C Mehta trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.


Asit C Mehta Trading Platforms

Desktop Trading PlatformsAsit C Mehta
WindowsYes
MacNo
Desktop BrowserYes

Asit C Mehta Mobile App

The Asit C Mehta mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppAsit C Mehta
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Asit C Mehta Web Trading

For web-based trading, Asit C Mehta offers a powerful trading website known as Asit C Mehta trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.


Asit C Mehta Trade Terminal

Asit C Mehta offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.


Asit C Mehta Customer Support

Customer SupportAsit C Mehta
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches30

Asit C Mehta Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Asit C Mehta.

BSE ComplaintsAsit C Mehta
BSE Complaints136
BSE Resolved Complaints115
Percentage of resolved BSE complaints84.56 %
NSE Complaints215
NSE Resolved Complaints158
Percentage of resolved NSE complaints73.49 %
BSE/NSE Complaint vs. Resolved Percentage79.02 %

Conclusion

In conclusion, Asit C Mehta offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Asit C Mehta can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.