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IIFL Vs Networth Direct
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IIFL Vs Networth Direct 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.
IIFL Vs Networth Direct Comparison
Here is a point by point comparison of IIFL Vs Networth Direct.
IIFL too is a prominent name in Indian full-service broking. 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 today is one of the top three full-service brokers in India. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market etc.
Networth Direct (earlier called Monarch Networth) is a full-service stockbroker based out of Ahmedabad with a total employee strength of around 650.
The broker is known for a wide range of trading and investment products along with decent research quality. Furthermore, the broker has an offline presence in around 325 locations across different parts of India.
To make things easy for you, we have listed out the comparison between IIFL Vs Networth Direct 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
IIFL Vs Networth Direct 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.
 |  | |
| Networth Direct Review | India Infoline Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1995 | 1995 |
| Number of branches across India | 325 | 4400 |
| Exchanges | NSE, BSE, MCX-SX, MCX and NCDEX | NSE, BSE, MCX, NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹555 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹300 |
| Transaction Charges | Monarch Networth Transaction Charges | IIFL Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% to 0.1% | 0.50% |
| Intraday Delivery | 0.05% to 0.03% | 0.05% |
| Equity Futures | 0.05% to 0.03% | 0.05% |
| Equity Options | ₹60 to ₹25 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
| Currency Futures | 0.05% to 0.03% | 0.05% |
| Currency Options | ₹60 to ₹25 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
| Commodity | 0.05% to 0.03% | 0.05% |
| Brokerage Calculator | Networth Capital Brokerage Calculator | IIFL Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, & 3 times for Delivery | Upto 20 times Intraday & 3 times for Delivery |
| Equity Futures | Upto 3 times Intraday | Upto 3 times for Intraday |
| Equity Options | No Leverage | Buying no leverage, Shorting upto 3 times |
| Currency Futures | Upto 2 times Intraday | Upto 2 times for Intraday |
| Currency Options | No Leverage | Buying no leverage, Shorting upto 2 times |
| Commodities | Upto 3 times Intraday | 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) | MNCL Mobile, N-Easy, N-Swift | Trader Terminal, IIFL Markets App, Trader Web |
| Total BSE+NSE Complaints %age | 0.07% | 0.11% |
| 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 IIFL Vs Networth Direct for the benefits of other readers? Please feel free to share in the comments below.
If you are looking to open a demat account, let us assist you in taking the next steps forward:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
IIFL Vs Networth Direct
Overall Rating
