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Networth Direct Vs Upstox – Indian Share Brokers Comparison
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Networth Direct Vs Upstox
Here is a point by point comparison of Networth Direct Vs Upstox.
Upstox (or RKSV) is a discount broker launched by 3 co-founders in 2012. Today, RKSV 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.
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.
Everything about discount brokers such as Upstox is Online, be it – customer service, trading, account opening etc. Full-service brokers such as Networth Direct, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Networth Direct and Upstox to help you find which of the two suits your needs better. The comparison is made on various 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 and which one to go for.
 |  | |
| Networth Direct Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1995 | 2012 |
| Number of branches across India | 325 | 3 |
| Exchanges | NSE, BSE, MCX-SX, MCX and NCDEX | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹150 |
| Transaction Charges | Monarch Networth Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% to 0.1% | ₹0 |
| Intraday Delivery | 0.05% to 0.03% | ₹20 per executed order |
| Equity Futures | 0.05% to 0.03% | ₹20 per executed order |
| Equity Options | ₹60 to ₹25 per lot | ₹20 per executed order |
| Currency Futures | 0.05% to 0.03% | ₹20 per executed order |
| Currency Options | ₹60 to ₹25 per lot | ₹20 per executed order |
| Commodity | 0.05% to 0.03% | ₹20 per executed order |
| Brokerage Calculator | Networth Capital Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, & 3 times for Delivery | Upto 20 times Intraday |
| Equity Futures | Upto 3 times Intraday | Upto 4 times for Intraday |
| Equity Options | No Leverage | Upto 4 times for Intraday |
| Currency Futures | Upto 2 times Intraday | Upto 4 times for Intraday |
| Currency Options | No Leverage | Upto 4 times for Intraday |
| 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 | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints %age | 0.07% | 0.12% |
| 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 Networth Direct Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.
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Networth Direct Vs Upstox
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