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FundsIndia Vs IIFL
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FundsIndia Vs IIFL comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
FundsIndia Vs IIFL Comparison
IIFL is a prominent name in Indian full-service stockbroking.
It is majorly known for its huge offline presence across the country with more than 4400 branches in 900 cities. IIFL was incorporated in 1995 and day, is one of the top full-service brokers in India.
FundsIndia, on the other hand, is an investment services firm which was incorporated back in the year 2009. Primarily know for mutual funds, this stockbroker also allows you to trade in Equities and few other investment products at low cost.
Discount brokers such as FundsIndia offer trading services at much cheaper brokerage rates and reasonable customer service. Whereas full services brokers such as IIFL focus more on an overall package where they offer research, offline presence, customer support, range of trading products and more.
To make things easy for you, we have listed out the comparison between FundsIndia Vs IIFL to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
FundsIndia Vs IIFL Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover.
Most of the content has been vetted by the corresponding stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| FundsIndia Review | India Infoline Review | |
| OVERVIEW | ||
| Broker Type | Discount StockBroker | Full Service Broker |
| Incorporated In the Year | 2009 | 1995 |
| Number of branches across India | 1 | 4400 |
| Exchanges | SEBI | NSE, BSE, MCX, NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹200 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹555 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
| Transaction Charges | FundsIndia Transaction Charges | IIFL Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | Min. ₹6, Max ₹20 | 0.50% |
| Intraday Delivery | Min. ₹6, Max ₹20 | 0.05% |
| Equity Futures | Min. ₹6, Max ₹20 | 0.05% |
| Equity Options | Min. ₹6, Max ₹20 | 1% of Premium or Rs.100/- per lot whichever is higher |
| Currency Futures | NA | 0.05% |
| Currency Options | NA | 1% of Premium or Rs.100/- per lot whichever is higher |
| Commodity | NA | 0.05% |
| Brokerage Calculator | FundsIndia Brokerage Calculator | IIFL Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5 Times | Upto 20 times Intraday & 3 times for Delivery |
| Equity Futures | Upto 5 Times | Upto 3 times for Intraday |
| Equity Options | Upto 5 Times | Buying no leverage, Shorting upto 3 times |
| Currency Futures | NA | Upto 2 times for Intraday |
| Currency Options | NA | Buying no leverage, Shorting upto 2 times |
| Commodities | NA | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | FundsIndia Web, FundsIndia Mobile App | Trader Terminal, IIFL Markets App, Trader Web |
| Total BSE+NSE Complaints | 0.02% | 280 |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with FundsIndia Vs IIFL for the benefits of other readers? Please feel free to share in the comments below.
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Summary
Reviewer
A Digital Blogger
Date
Broker Name
FundsIndia Vs IIFL
Overall Rating
