Top Stock Advisory
Shree Kanha Stock vs. Reliance Securities
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 Shree Kanha Stock and Reliance Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Shree Kanha Stock and Reliance Securities.
Overview
Shree Kanha Stock is private company and Reliance Securities is public company. both are full service broker as well. Dushyantkumar Maheshkumar Shah co-founded Shree Kanha Stock in 2004. And Reliance Securities was founded in the year 2005 by Anil Ambani. Shree Kanha Stock's headquarters are in Ahmedabad, Gujarat and Reliance Securities's headquarters are in Mumbai, India.
Shree Kanha Stock and Reliance Securities both are full service broker as well. Shree Kanha Stock is registered in NA, while Reliance Securities is registered in NA. The total branches of Shree Kanha Stock are Nil and the Reliance Securities branches are Nil.
| Overview | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Ahmedabad, Gujarat | Mumbai, India |
| Founders | Dushyantkumar Maheshkumar Shah | Anil Ambani |
| Foundation Year | 2004 | 2005 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Shree Kanha Stock and Reliance Securities 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 Shree Kanha Stock charging Rs.250 and Reliance Securities charging Free.
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 Shree Kanha Stock Demat account is Rs.300 per Annum and for the Reliance Securities Demat account is Free or Rs.400 per annum. The Trading AMC for Shree Kanha Stock and Reliance Securities 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 Shree Kanha Stock and Reliance Securities is CDSL.
| Account Opening and Demat Charges | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.300 per Annum | Free or Rs.400 per annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.5,000 | Rs.25,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Shree Kanha Stock and Reliance Securities 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 Shree Kanha Stock is 0.33%, while Reliance Securities charges you 0.15% – 0.50%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Shree Kanha Stock is 0.03% and for Reliance Securities also, it is 0.15% – 0.050%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Shree Kanha Stock charge 0.03% and Reliance Securities charge 0.15% – 0.050% 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, Shree Kanha Stock charges Rs.20 per order, and Reliance Securities charges Rs.50 – Rs.100 per lot.
| Equity Brokerage Charges | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.33% | 0.15% – 0.50% |
| Equity Intraday Brokerage | 0.03% | 0.15% – 0.050% |
| Equity Futures Brokerage | 0.03% | 0.15% – 0.050% |
| Equity Options Brokerage | Rs.20 per order | Rs.50 – Rs.100 per lot |
Shree Kanha Stock and Reliance Securities 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 Shree Kanha Stock is 0.03% and for Reliance Securities is 0.015% – 0.050%.
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. Shree Kanha Stock charges Rs.30 per order for currency options, whereas Shree Kanha Stock charges Rs.50 – Rs.100 per lot.
| Currency Brokerage Charges | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Currency Futures Brokerage | 0.03% | 0.015% – 0.050% |
| Currency Options Brokerage | Rs.30 per order | Rs.50 – Rs.100 per lot |
Shree Kanha Stock and Reliance Securities 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. Shree Kanha Stock charges 0.03% for commodity trading, while Reliance Securities charges No.
| Commodity Brokerage Charges | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Commodity Options Brokerage | 0.03% | No |
Shree Kanha Stock and Reliance Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Shree Kanha Stock levies a minimum brokerage fee of Percentage of Transaction, while Reliance Securities charges As per Transaction brokerage fee.
Transaction Brokerage Charges: Shree Kanha Stock levies a transaction brokerage charge of 0.00265% of Total Turnover, while Reliance Securities charges 0.00350% 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 Shree Kanha Stock is 0.0002% of Total Turnover and for Shree Kanha Stock 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 Shree Kanha Stock are 0.0126% of selling value, while for Reliance Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Shree Kanha Stock charges NA and Reliance Securities charges Nil.
| Other Brokerage Charges | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | As per Transaction | Transaction Brokerage Charges | 0.00265% of Total Turnover | 0.00350% 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 selling value | 0.0126% of Total Turnover | Call and Trade Charges | NA | Nil |
Shree Kanha Stock and Reliance Securities 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 Shree Kanha Stock is up to Upto 2x and by Reliance Securities it is up to Upto 20x.
Equity Intraday: Leverage for equity intraday by Shree Kanha Stock is up to Upto 2x and by Reliance Securities it is up to Upto 25x.
Equity Futures: Leverage for Equity Futures by Shree Kanha Stock is up to Upto 3x and by Reliance Securities it is up to Upto 15x.
Equity Options: Leverage for Equity Options by Shree Kanha Stock is up to Upto 6x and by Reliance Securities also, it is up to Upto 15x.
| Equity Leverage | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 20x | Equity Intraday | Upto 2x | Upto 25x | Equity Futures | Upto 3x | Upto 15x | Equity Options | Upto 6x | Upto 15x |
Shree Kanha Stock and Reliance Securities Currency Leverage
The currency futures leverage provided by Shree Kanha Stock is up to Upto 2x, while for Reliance Securities it is up to Upto 10x.
The currency options leverage provided by Shree Kanha Stock is up to Upto 3x, while for Reliance Securities it is up to Upto 10x.
| Currency Leverage | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 10x | Currency Options | Upto 3x | Upto 10x |
Shree Kanha Stock and Reliance Securities Commodity Leverage
The commodity leverage provided by Shree Kanha Stock is up to Upto 2x, while for Reliance Securities it is up to No.
| Commodity Leverage | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Commodity | Upto 2x | No |
Shree Kanha Stock and Reliance Securities 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 | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| 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 | Yes | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Shree Kanha Stock and Reliance Securities Features
Equity Trading: Shree Kanha Stock and Reliance Securities 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: Shree Kanha Stock and Reliance Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Shree Kanha Stock and Reliance Securities broker is that you can also invest in IPOs. Shree Kanha Stock also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Shree Kanha Stock offers trading exposure of up to Upto 2x, while Reliance Securities gives up to Upto 25x.
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 Shree Kanha Stock and Reliance Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Shree Kanha Stock and Reliance Securities also allow you to trade in forex trading.
| Features | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| 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 | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 2x | Upto 25x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Shree Kanha Stock and Reliance Securities 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. Shree Kanha Stock and Reliance Securities 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 | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | Yes |
| Top Picks | No | Yes |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Shree Kanha Stock and Reliance Securities 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. Shree Kanha Stock and Reliance Securities 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 | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | No | Yes |
| Desktop Browser | Yes | Yes |
Shree Kanha Stock and Reliance Securities Mobile Trading Platforms
Shree Kanha Stock and Reliance Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | No | Yes |
| iOS App | No | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Shree Kanha Stock and Reliance Securities 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. Shree Kanha Stock and Reliance Securities 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 | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| 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 | 380 | 80 |
Shree Kanha Stock and Reliance Securities 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 Shree Kanha Stock and Reliance Securities registered and resolved complaints.
For Shree Kanha Stock, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Reliance Securities, the Percentage of resolved BSE complaints is 83.45 % and the Percentage of resolved NSE complaints is 87.88 %.
We can say that Shree Kanha Stock is better than Reliance Securities in case of resolving customer complaints.
| BSE Complaints | Shree Kanha Stock | Reliance Securities |
|---|---|---|
| BSE Complaints | 0 | 145 |
| BSE Resolved Complaints | 0 | 121 |
| Percentage of resolved BSE complaints | NaN % | 83.45 % |
| NSE Complaints | 1 | 198 |
| NSE Resolved Complaints | 1 | 174 |
| Percentage of resolved NSE complaints | 100.00 % | 87.88 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 85.66 % |
Frequently Asked Questions
Is Shree Kanha Stock better than Reliance Securities?
Shree Kanha Stock and Reliance Securities 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 Reliance Securities better than Shree Kanha Stock?
Reliance Securities and Shree Kanha Stock 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 Shree Kanha Stock and Reliance Securities?
Shree Kanha Stock 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, Shree Kanha Stock and Reliance Securities?
To figure out which of the two stockbrokers, Shree Kanha Stock and Reliance Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
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.
Compare Reliance Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Reliance Securities with other brokerage firms.