FundsIndia Vs Upstox
| |Here is a point by point comparison of FundsIndia Vs Upstox.
Upstox is a discount broker launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
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.
FundsIndia Vs Upstox Comparison
Discount brokers such as FundsIndia or Upstox offer trading services at much cheaper brokerage rates and reasonable customer service. To make things easy for you, we have listed out the comparison between FundsIndia Vs Upstox 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
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 Vs Upstox Details
FundsIndia Review | Upstox Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Discount Broker |
Incorporated In the Year | 2009 | 2012 |
Number of branches across India | 1 | 3 |
Exchanges | SEBI | NSE, BSE, MCX and MCX – SX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹0 | ₹150 |
Trading Account Annual Maintenance Charges | ₹200 | ₹0 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹150 |
Transaction Charges | FundsIndia Transaction Charges | Upstox Transaction Charges |
BROKERAGE | ||
Equity Delivery | Min. ₹6, Max ₹20 | ₹0 |
Intraday Delivery | Min. ₹6, Max ₹20 | 0.01% or ₹20 per trade whichever is lower |
Equity Futures | Min. ₹6, Max ₹20 | 0.01% or ₹20 per trade whichever is lower |
Equity Options | Min. ₹6, Max ₹20 | 0.01% or ₹20 per trade whichever is lower |
Currency Futures | NA | 0.01% or ₹20 per trade whichever is lower |
Currency Options | NA | 0.01% or ₹20 per trade whichever is lower |
Commodity | NA | 0.01% or ₹20 per trade whichever is lower |
Calculate Brokerage | FundsIndia Brokerage Calculator | Upstox Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 5 Times | Upto 20 times Intraday |
Equity Futures | Upto 5 Times | Upto 4 times for Intraday |
Equity Options | Upto 5 Times | Upto 4 times for Intraday |
Currency Futures | NA | Upto 4 times for Intraday |
Currency Options | NA | Upto 4 times for Intraday |
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 | NEST, Upstox, Upstox Pro |
Total BSE+NSE Complaints in 2018 | 2 | 19 |
OVERALL RATING | ||
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 Upstox for the benefits of other readers? Please feel free to share in the comments below.
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