Kunvarji Finstock

Kunvarji Finstock was incorporated in 1986 as a part of Kunvarji Group of Companies. The full-service stockbroker has been involved in the trading and broking of stocks for more than 15 years and in commodities for about 5 years.

Kunvarji Finstock Review

Kunvarji Finstock offers a wide variety of financial services through its seasoned professionals who help the clients to enrich their finances. The company believes in understanding the needs of its clients and serves them accordingly. It offers a leading-edge in managing finances, including protecting the businesses from market uncertainties and growing the money.

Kunvarji Finstock is a registered member of BSE, NSE, MCX, MCX-SX and NCDEX. It has a wide range of client network, mainly in Gujarat.

Kunvarji Finstock Active Clients

Kunvarji Finstock Private Limited had 7237 active clients as of early 2020. The client network is extensive, especially in the city of Ahmedabad and the state of Gujarat.

These clients include individuals, corporates and retail clients, including high net-worth individuals and non-resident Indians.

For some reason, the broker is seeing a gradual decrease in its retail client base over the past few months.

Kunvarji Finstock Products & Services

The wide array of services provided by Kunvarji Finstock includes equity, commodity trading, currency trading, wealth and risk management, and distribution of financial products like mutual funds.

In terms of equity trading and broking services, the broker helps the clients in intelligent investing.

The company helps in wealth creation for its clients through knowledge and research-based insights and timely decision-making. The decisions are backed by strong research and analysis.

The clients also have real-time back-office access, online payment gateway, and seamless trading platform for their active trading needs.

For commodity trading, Kunvarji Finstock has 60 years of experience to its advantage and about 1500 commodity vendors. 

Kunvarji Finstock also provides exceptional risk management services. They help their clients by reducing uncertainty, enhancing control and saving costs. They are reliable partners in price risk management and have risk management strategists are part of their teams.

This full-service stockbroker caters to the investment and compliance needs of the NRIs as well. The NRI services help them in investing in equity, derivatives, mutual funds, and IPO. The NRIs can also exercise ESOPs, liquidate and repatriate their money without being physically present in India.

Other products include life and general insurance, guided by insurance experts and a variety of mutual funds investing options depending on the risk profile and investing needs of the clients.

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Kunvarji Finstock Trading Platforms

Like most of the other stockbrokers in India, Kunvarji Finstock offers a range of trading platforms across desktop, web and mobile. The bigger responsibility lies in the quality aspect in terms of performance, speed, user experience, features and so on.

Let’s have a quick glimpse at these applications and their corresponding features:

Web-based Platform- NetBro

The web-based trading platform of this full-service stockbroker is called NetBro. It provides personalised services to the clients for the execution of their trading orders, in both debt and equity securities, on all the major exchanges. The technology is seamless, hassle-free and secure.

Client Back office

The Client back office platform is also available for the clients to view their reports, orders, margins and transactions.

Mobile Application

The mobile application offered by Kunvarji Finstock is called Kunvarji Mobile Trading.

It is a simple, fast and accurate app, with the provisions for multi-exchange streaming market watch, facility to trade in BSE, NSE, MCX and NCDEX, live reports, latest market news and updates, trading in derivatives, placing, modifying or cancelling orders, checking order status, getting market and indices updates, getting predefined watch lists and getting stock updates.

Here are the mobile app stats from the play store:

 

Kunvarji Finstock Research

Kunvarji Finstock provides extensive research and advisory services to its clients. The research of Kunvarji Finstock is available through UniQuest.

UniQuest provides daily, weekly and monthly research reports. These reports include stock reports and margin reports for currency, MCX Exchange, F & O, and NCDEX Exchange.

There is also a monthly news and analysis magazine published by Kunvarji, named Kaleidoscope. The magazine is the research hub of the information from markets, investors, employees, farmers, suppliers, government and macroeconomic environment.

You can check this review in Hindi as well.

Kunvarji Finstock Customer Care

Kunvarji Finstock is driven towards excellent customer services. The clients can contact the company through investor grievance hotlines and email addresses. The company also has specific consultants for each segment like equity, commodity and NRI services.

The company also has relationship managers designated to its clients for personalised care.

Kunvarji Finstock Charges

Here are the pricing details around your account and related charges:

• The account opening charges are nil and there is a one-time charge of ₹100 for documents and forms.
• The annual maintenance charges are ₹200 per year for individuals and NRIs.
• The transaction charges for on-market transactions are ₹15 per transaction and ₹20 per off-market transfer.
• The dematerialisation charges are ₹30 per certificate and the rematerialisation charges are ₹100.
• The pledge creation, closure and invocation charges are ₹25 each

Kunvarji Finstock Brokerage

When it comes to brokerage, users are suggested to be very cautious in understanding the pricing structure. This is because brokerage is the charge you will be paying on a regular basis on your trades.

• The broker charges 0.02% brokerage on intraday trading and 0.2% on delivery trading.
• For equity futures, the brokerage is 0.01% on the sell-side and for equity options, it is 0.017% on sell-side premium.

Furthermore, if you start with a decent initial deposit, then you have the chance to negotiate on the brokerage to even lower levels.

Check this Kunvaraji Finstock Brokerage Calculator for more information on brokerage, taxes, GST, Stamp duty etc.

Kunvarji Finstock Margin

These are the exposure values you get across different trading segments:

• The exposure provided for intraday trading is 10 times and the exposure to delivery trading is not defined.
• The leverage changes with the usage and credibility of the client.

Kunvarji Finstock Advantages

Check out some of the benefits of using the services of Kunvarji Finstock as your broker:

• Kunvarji Finstock is specifically skilled in NRI Services. The company provides a basket of services to NRIs through a dedicated NRI desk.
• The brokerage charges are quite low and the exposure provided is high.
• The company is dedicated to excellent customer care services.
• The broking and advisory services of the company are backed by extensive research and experienced professionals.

Kunvarji Finstock Disadvantages

Here are some concerns of this full-service stockbroker you must be aware of:

• The services of Kunvarji Finstock are restricted to specific regions, with a limited number of branches.
• The mobile application has extensive features, however, it is not very user-friendly.

Kunvarji Finstock Membership Information

Here is a quick glimpse of the membership information of Kunvarji Finstock with different regulatory bodies in the Indian stock market space:

In case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward:

 

Kunvarji Finstock Branches

The network of Kunvarji Finstock is concentrated mainly in Gujarat, with branches in Ahmedabad, Rajkot, Bhuj, Gandhidham, Vadodara and Surat, along with branches in Mumbai and Pune in Maharashtra, Chennai in Tamil Nadu and Hyderabad in Telangana.