Top 10 stock brokers in India

Updated on March 20,2017

With the increase in number of stock broker, people have a lot of option to choose from, but still it is not easy to choose. You need to be sure of what is that you want. Some pointers to keep in mind before deciding on the brokers are:-

1) Full service or discount broker: The main difference among them is full service broker would charge you brokerage as a percentage of your trade value(for ICICI it lies between .5% – .9%). while discount broker are much cheaper charging you based on the number of trade. Most of the discount brokers charges between Rs 15 to Rs 30 per trade irrespective of the trade volume. So if you are going to trade multiple times a month, go for a discount broker rather than a full service one. To understand there difference better, please have a look at the video below. [Read more…]

Zerodha review

Zerodha is India’s first and largest online discount broker operating from 2009. It was started by Mr Nithin Kamath who was himself a trader before starting Zerodha. Besides low cost which most of the discount Brokers are known for, Zerodha is also credited for its technology initiatives which it brings first to the markets.

Zerodha trading software
Desktop Based Trading: Zerodha has finally in July 2015 released its next generation platform called ‘Pi’ which was long awaited. This is one of the most advanced charting software provided by any brokZerodha Discount Broker reviewer in India and best thing it is free of cost to all the clients who open account with them. In Pi you can view up to 50,000 candles, various chart types, over 70 indicators, inbuilt strategies and can even create your own strategies; back test them, trading directly from chart, quick order entry screen with many more options. Here are few screenshot of their awesome platform
[Read more…]

Lowest brokerage charges in India

Traditionally in India share brokers used to charge a certain percentage value of trade(for ex. ICICIdirect charges .5% for delivery based trading) . So if you were a trader or a large investor, you ended up paying a huge brokerage on your transaction. Most of the trader and large investor ended up paying brokerage worth lakhs of rupees. These type of brokers are know as traditional or full service brokers. Most of the retail investor were also using them for trading needs as these brokers where mostly linked with your bank like ICICIdirect with ICICI bank and it was very easy to open and manage account with them.

But in last few years, [Read more…]

Best trading platform in india

With the new trading platforms coming to India, Indian traders and investor  have a choice  to choose the best trading platform which matches there needs. Before deciding on the trading platform, the trader should be very clear about there needs and if the system they are buying will fulfill there needs. Just to give you some example. for some technical traders charting is the most important feature in the platform while for some it may be market calls or bulk order facility. [Read more…]

Au Financiers IPO review – What you should know

Au financiers Limited are non-banking finance company (“NBFC”) who serves mainly low and middle income individuals and businesses.  Au financiers Limited are coming up with an IPO. They are going to introduce their initial public offer which will hit the primary market on 28th June 2017 and closes on 30th June 2017. The company aims to raise around Rs. 1912 crore by offering shares at Rs.355 – Rs.358 per Equity Share. Out of 1912 crore up to 1,000,000 equity shares are reserved by employees, so basically issue size is 1876.74 crore.

Au Financiers IPO details

About Company

Au financiers Limited was originally incorporated as ‘L.N. Finco Gems Private Limited’ on January 10, 1996. Au financiers Limited are Jaipur, Rajasthan based firm. They are a non-banking finance company (“NBFC”) who mainly provides services to the people of low and middle class along with small businesses those have limited or no access to formal banking and finance channels.au_financiers_IPO_details

Au financiers Limited works in three business lines which are:

  1. Vehicle finance – They divide the vehicles finance into several categories of vehicles:
  • MUVs
  • cars
  • small commercial vehicles
  • light commercial vehicles
  • medium and heavy commercial vehicles
  • tractors
  • three wheelers
  • two-wheelers
  • Construction equipment.

They also finance the purchase of pre-owned vehicles. Loan tenures for their vehicle finance loans are up to five years.

  1. Micro, small and medium enterprises (“MSMEs”) loans- As part of their MSME loans business, they primarily extend loans to micro and small manufacturing firms, service enterprises and traders. Loan tenures for their MSME loans are up to 12 years.
  2. Small and medium enterprises (“SMEs”) loans- Their SME loans business extends loans to several types of small and medium sized businesses including HFCs and MFIs. Loan tenures for their SME loans are up to 15 years.

They are categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve Bank of India. They received a license from the RBI to set up a ‘small finance bank’ (“SFB”) on December 20, 2016 and they are the only NBFC categorized as an asset finance company to obtain such license.

They operate their operations through 300 branches spread across 10 states and one union territory in India, with significant presence in the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh and employed 6,092 personnel serving 270,692 active loan accounts till December 31, 2016.

They have access to diverse sources of liquidity, such as term loans and working capital facilities, proceeds from loans assigned and securitized, proceeds from the issuance of non-convertible debentures (“NCDs”) and commercial paper, and subordinated debt borrowings from banks, mutual funds, insurance companies and other domestic and foreign financial institutions to meet their funding requirements.

Competitive Strengths

  • Diversified Product Portfolio and Revenue Streams
  • Customer Centric Organizational Commitment
  • Significant Presence in Rural and Semi-Urban Markets with Focus on Low and Middle Income Customers
  • Robust and Comprehensive Credit Assessment and Risk Management Framework
  • Access to Diversified Sources of Funding over the Years
  • Experienced Management Team and Qualified Operational Personnel.

Strategies

  • Leverage Existing Capabilities and Customer Base as they Transition into a Retail Focused SFB
  • Grow SFB Branch Network in Our Existing Markets
  • Provide a Comprehensive Suite of Banking Services
  • Leverage Technology to Grow Business
  • Enhance Brand Presence

Objects of the Issue:

The objects of the Offer are as follows:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. For the sale of up to 53,422,169 Equity Shares by the Selling Shareholders.

Financial and Competition Analysis

Au Financiers financial details

The revenue has been Rs. 229.85 cr. (FY12), Rs.410.65 cr. (FY13), Rs 565.5 cr. (FY14), Rs 687 cr.(FY15), 1046.9 cr.(FY 16), 1430 cr.(FY17) growing at a CAGR of 46% over a four year period. The profit has been Rs. 37.28 cr. (FY12), Rs.69.35 cr. (FY13), Rs 72.54 cr. (FY14), Rs 139.45 cr.(FY15) and 247.15 cr.(FY 16) and 842 cr.(FY17). The FY 17 profit consist of exceptional income of 670 Cr. It EPS is Rs 11.7 excluding exceptional item based on which the P/E multiple they are asking for is 30.6 ( 358/11.7).

Capital First can be compared to AU financial and they have a multiple of around 28.58. So the IPO seems to be fully priced.

Disclaimer: We are not SEBI registered advisor and this article is not an investment advice. We are not authorized to give investment advice nor do we provide it on this website. In case you are interested in investing, we would advise you to contact your advisor for the same. We cannot be held liable for any loss arising due to investment made as per this article.

CDSL IPO allotment status

CDSL IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on June 21st. The allotment status should be available by June 27th and it should start trading from June 30th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select CDSL IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.




Check your application status

If not available on the above link, you should be able to find the application status here

Check CDSL IPO allotment status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The CDSL IPO allotment is at the sole discretion of Registrar of the company.

 

Eris Lifesciences IPO allotment status

Eris Lifesciences IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on June 20th. The allotment status should be available by June 27th and it should start trading from June 29th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select Eris Lifesciences IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.




Check your application status

If not available on the above link, you should be able to find the application status here

Check Eris Lifesciences IPO allotment status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The Eris Lifesciences IPO allotment is at the sole discretion of Registrar of the company.

 

Tejas IPO allotment status

Tejas Network IPO allotment status will be available soon. The IPO allotment is expected to take place within 6 working days from the closing of the issue on June 16th. The allotment status should be available by June 23rd and it should start trading from June 27th.

Once the issue is allotted you can check the status here just by providing your PAN card number, application number of Client ID. Just select the option of Application Status, from the drop down select Tejas Network IPO and check by providing your PAN Card Details.

The link is slow as lot of people are trying to access it. Please be patient and wait for it to open.



Check your application status

If not available on the above link, you should be able to find the application status here

Check Tejas Network IPO allotment status

Interested in paying low Brokerage while trading in stocks, check our Top 10 list of Stock brokers in India.

Do check this page again once the Allotment is done. You can check the status just by your PAN card number, Application number or DP ID/Client ID of the applicant.

Note: The Tejas Network IPO allotment is at the sole discretion of Registrar of the company.

 

CDSL IPO review – Worth investing

CDSL (Central Depository Services Limited) is one of the depository participants in India. CDSL are also a subsidiary of BSE Limited. They are coming with an IPO which will hit the primary market on 19th June 2017 and closes on 21st June 2017. They aim to raise around Rs. 523.99 crore by offering shares at Rs 145 – Rs 149 per Equity Share. [Read more…]

Eris Lifesciences IPO Review – Things to know

Eris Lifesciences Limited develops, manufacture and commercialize branded prescription based pharmaceutical products in select therapeutic areas within the chronic and acute categories of the IPM, in India. Eris Lifesciences Limited is coming up with a IPO. They are going to introduce their initial public offer which will hit the primary market on 16th June 2017 and closes on 20th June 2017. The company aims to raise around Rs. 2000 crore by offering shares at Rs.600 – Rs.603 per Equity Share. [Read more…]

Tejas Networks IPO review – What you should know

Tejas Networks Limited is optical and data networking product company whose products are used to build high speed communication networks. Tejas Networks Limited is coming up with an IPO. They are going to introduce their initial public offer which will hit the primary market on 14th June 2017 and closes on 16th June 2017. The company aims to raise around Rs. 800 crore by offering shares at Rs. 250-Rs. 257 per Equity Share. [Read more…]

Best Books on stock market

You can find most of the information about stock market online but if you are someone who love reading stock market books, you would not be disappointed. There are hundreds of books you can find on stock market which will help you to be a better investor. Most of the books are from US as they have a long history of stock market and 100 year worth of data is available with them.
So below you will find TOP 10 book which have helped me in trading and investing and which I feel gives a good understanding for someone who is starting in the market. Some of the books are little advanced and specific in nature specifically book on Options and Futures and Japanese Candlestick charts. I believe that these books are also important as you need to be aware of F&O date and use technical analysis if you want to be a better trader or investor in any market.
I have tried to further breakdown the list between Indian books and international best sellers. I somehow feel that Indian investor are better able to connect with books written from Indian perspective.

Best Stock market books by Indian author on Indian stock market
Stock to riches by Parag Parekh

He is a value investor and tries to follow the teaching of Warren Buffet. Died in a car crash in 2015 when he went to Ohio to listen to yearly Warren Buffet meeting. The book is written in simple words and more for a beginner who is just starting in the market and want to understand how to think long term. Have lots of lesson for value investor.
The Dhandho Investor

This is one of the few good books by Indian writer on value investing. The method of writing is very simple to follow and the book have tried to explain complex idea in easy to follow wording. It takes it idea from Patels in Gujarat who are known to be ace investor. It talks about value investing criteria like “Heads, I win! Tails, I don’t lose that much!,” “Few Bets, Big Bets, Infrequent Bets,”.
One of the best books from an Indian writer and if you are just starting, I would recommend you to read this book.
Bulls, Bears and Other Beasts: A Story of the Indian Stock Market

One of the good books which tell how the Indian stock market works. The book is written from an eye of Lalchand Gupta and how he tries to make sense of the market. Talks a lot about the scams and other manipulations which happen in the market. A very good read for someone who want to better understand the working of Indian stock market and main actor who are part of it. Read more like a story. A good one time read.

Books by US author for US markets
THE INTELLIGENT INVESTOR

This is like a bible for value investor and was written by Benjamin Graham who is also known as guru of Warren Buffet. But beware, this is not a easy reading books. It expects that the reader are well versed in financial analysis and interested in Value investing. This book will help you to better understand how you should read the financial statement and try to find out the real value of a share.

Reminiscences of a Stock Operator

This is a fun to read book written almost 100 year ago. A biography which shows how a young man managed to make money in the stock market. The central points of the book is that fear, greed, hope and ignorance will drive the markets for as long as humans make trading decisions. This was true 100 year ago and is still true. Lots of things have changed but the greed is the same.

One Up On Wall Street


This is one of the classic books which most of the investor have read at sometime. But most of the idea he talk to are not actionable and may have been true in 90’s but don’t seem to have much weight now, But if you are interested in knowing how some of the ace investor of our time think, this is a good read and get you idea which you can include in your trading practices.

Market Wizards
The book is a collections of interviews of successful traders/investor from US. The interviews were done in 1980 so it feels little dated but some of the advice is evergreen and could help budding investor/trader. A good read for someone who want to understand from the astute traders and how they think while trading.

A Random Walk down the Wall Street

This is more of a basic book on stock investing which introduces readers to concept like Diversification, Bubble and the value of patience in investing. Sort of an elementary book but if you are just starting to invest in the market, introduces you to lots of basic terminology which you should be aware of while trading.

Japanese Candlestick Charting technique

This is more of a practical book for someone who want to get in depth understanding of technical charts specifically Candlestick charts. Introduces all the sample chart pattern like Head and shoulders, Doji, Hanging Man etc. Good book if you are interested in technical analysis. Even if you are investor mostly doing fundamental analysis, a good book to read to get better support and resistance point for the stock you have in your portfolio.

Options Futures and other Derivative

This is again a practical book which introduces the reader to F&O. This is more of a book return for college student to understand derivatives but very in depth in nature. Very good read if you are just starting to explore Derivative or have some understanding but want to better understand the pricing of the derivatives contract.

The list is not exhaustive and there are many more books which you will be able to find online. The books I have selected are the once which I feel are good for reader who are just starting in the market. The list is somewhat skewed towards international books as not many Indian stock market book are available in the market. But things are changing now and every year, there are 3-4 good books which are getting written about the market.

If you think that I am missing some books, do let us know your comments and we will try to add the review of those books also. Just keep in mind that the books you recommend should be easy to read from a layman perspective and not very technical in nature.

Lowest Option Brokerage

For a trader who trade in options, the brokerage is one the most important factor which decide if you end up in profit or loss. Before discount broker operation were started in India, option brokerage was very high and most of the retail investor were never able to make money in Option trading. If you are a beginner and want to know more about option trading, have a look at our video on basics of option trading.

Full service broker like ICICI, Angel Broking and Sharekhan charge brokerage for each lot. The brokerage could vary from Rs 10 – Rs 100/option/lot. You should keep in mind that this brokerage is per lot, so if you trade in more than one lot in a trade, Lowest option brokerage in India-01the brokerage would be multiplied. For example, if your broker charges Rs 50/option lot and you brought 10 lot, you will have to pay a brokerage of Rs 500 and there would be an additional taxed which you have to pay. With this high charges, option trading was a loss making area.

But with the coming of discount broker, option trading has become much cheaper and lot of retail investor have started to dabble in this. Compared to these expensive brokers, discount brokers have a much lower brokerage charge in option trading.

Major discount brokers in India are Zerodha, Upstox and they charge a flat fee of Rs 20 per trade of options. So what it means is if you buy 10 lots of NIFTY, the brokerage charged would be Rs 20. This is saving of almost 90% brokerage compared to full service broker.

open-account-with-zerodha

So if you are an option trader, and you already don’t have a account with a discount broker, it is high time that you look at discount broker and choose the one which best fits your need. Keep in mind that a money saved is money earned.

The best brokerage for option trading in India are provided by Zerodha and Upstox. There are some discount broker who provide even lower brokerage than both of them but most are not very reliable. You can even get an unlimited trading plan for trading in option with some broker but reliability and usability remains an issue.

Another important aspect to keep in mind is the margin provided by your broker for trading in Options. If you are buying option, almost all the broker will take full premium in cash from you. If you are selling, the margin for each broker would be very different. Most of the broker provide for pledging of shares, which mean after a small haircut, you can use the rest as margin for selling option.

If you are concerned with how much margin would each broker provide, I would advise you to get in touch with the broker directly and understand margin requirements of the brokers.

To know more about the major broker in India, have a look at top 10 stock broker.

Yes Securities brokerage charges

Yes securities LogoYES SECURITIES Limited (YSL) is a wholly-owned subsidiary of YES BANK Limited. They were incorporated on 14 March 2013 and SEBI registered since 8 July 2013. They are the member of both the exchanges National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). They provide different types of investment options to the retail and institutional customers using their broad network of YES Bank.

Yes Securities limited is an online investment and trading platform. They offer inter alia, trading/investment in equity and other financial products along with various value added services. They offer trades in different segments which includes direct equities, index and equity derivatives, currency derivatives, ETFs and OFS. They provide equity products for helping investment requirements. You may opt for various cash or derivative products as per your needs. [Read more…]

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