Reviews of Stock Brokers

Kalpataru Multiplier

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 Kalpataru Multiplier, 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.


Kalpataru Multiplier founded in 1992 by Ramesh Manya Jain is a Public company headquartered in Bhopal, Madhya Pradesh India. As a Full Service Broker, Kalpataru Multiplier aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Kalpataru Multiplier operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewKalpataru Multiplier
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterBhopal, Madhya Pradesh
FoundersRamesh Manya Jain
Foundation Year1992
Supported ExchangesNA
Total branchesNil

Kalpataru Multiplier Account opening charges

To begin trading with Kalpataru Multiplier, you need to open a trading account and a Demat account. Kalpataru Multiplier charges Rs.250 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesKalpataru Multiplier
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.15,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Kalpataru Multiplier Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesKalpataru Multiplier
Equity Delivery Brokerage0.44%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.44 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesKalpataru Multiplier
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.34 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesKalpataru Multiplier
Commodity Options Brokerage0.04%

Kalpataru Multiplier Other Charges

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

Other Brokerage ChargesKalpataru Multiplier
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00275%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Kalpataru Multiplier Equity Leverage

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

Equity LeverageKalpataru Multiplier
Equity DeliveryUpto 2x
Equity IntradayUpto 6x
Equity FuturesUpto 3x
Equity OptionsUpto 5x

Kalpataru Multiplier Currency Leverage

Currency LeverageKalpataru Multiplier
Currency FuturesUpto 2x
Currency OptionsUpto 6x

Kalpataru Multiplier Commodity Leverage

Equity LeverageKalpataru Multiplier
CommodityUpto 5x

Kalpataru Multiplier Offers

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

OffersKalpataru Multiplier
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Kalpataru Multiplier Features

FeaturesKalpataru Multiplier
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)No
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionYes
Trading ExposureUpto 6x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Kalpataru Multiplier 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.

ServicesKalpataru Multiplier
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Kalpataru Multiplier Trading Platforms

The Kalpataru Multiplier 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.

Kalpataru Multiplier Trading Platforms

Desktop Trading PlatformsKalpataru Multiplier
Desktop BrowserNo

Kalpataru Multiplier Mobile App

The Kalpataru Multiplier 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 AppKalpataru Multiplier
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Kalpataru Multiplier Web Trading

For web-based trading, Kalpataru Multiplier offers a powerful trading website known as Kalpataru Multiplier 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.

Kalpataru Multiplier Trade Terminal

Kalpataru Multiplier 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.

Kalpataru Multiplier Customer Support

Customer SupportKalpataru Multiplier
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches8

Kalpataru Multiplier 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 Kalpataru Multiplier.

BSE ComplaintsKalpataru Multiplier
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints2
NSE Resolved Complaints2
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Kalpataru Multiplier 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, Kalpataru Multiplier can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.