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Reliance Money Vs Networth Direct – Stock Brokers Comparison
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Reliance Money Vs Networth Direct
Here is a point by point comparison of Reliance Money Vs Networth Direct.
RelianceĀ Money is the trading arm of Reliance Capital. It was founded in the year 2006 and currently has a customer base of 7 lakh with presence in over 1700 branches. Networth Direct (earlier called Monarch Networth) is a full service stock broker 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.
Full service brokers – Reliance Money and Networth Direct 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 etc.
To make things easy for you, we have listed out the comparison between RelianceĀ Money and 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
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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Reliance Securities Review | Networth Direct Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2006 | 1995 |
| Number of branches across India | 1700 | 325 |
| Exchanges | NSE, BSE, & MCX-SX | NSE, BSE, MCX-SX, MCX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Chargesļ»æ | ā¹950 | ā¹0 |
| Trading Account Annual Maintenance Charges | ā¹0 | ā¹0 |
| Demat Account Opening Charges | ā¹0 | ā¹0 |
| Demat Account Annual Maintenance Charges | ā¹400 | ā¹400 |
| Transaction Charges | Reliance Securities Transaction Charges | Monarch Networth Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% to 0.08% | 0.3% to 0.1% |
| Intraday Delivery | 0.05% to 0.005% | 0.05% to 0.03% |
| Equity Futures | 0.05% to 0.005% | 0.05% to 0.03% |
| Equity Options | ā¹7 to ā¹10 per lot | ā¹60 to ā¹25 per lot |
| Currency Futures | 0.04% | 0.05% to 0.03% |
| Currency Options | ā¹40 per lot | ā¹60 to ā¹25 per lot |
| Commodity | NA | 0.05% to 0.03% |
| Calculate Brokerage | Reliance Securities Brokerage Calculator | Networth Capital Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Upto 10 times for Intraday, & 3 times for Delivery |
| Equity Futures | Upto 3 times for Intraday | Upto 3 times Intraday |
| Equity Options | No Leverage | No Leverage |
| Currency Futures | No Leverage | Upto 2 times Intraday |
| Currency Options | No Leverage | No Leverage |
| Commodities | NA | Upto 3 times 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) | InstaExpress | MNCL Mobile, N-Easy, N-Swift |
| BSE+NSE Complaints %age | 0.08% | 0.07% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Reliance Money Vs Networth Direct for the benefits of other readers. Please feel free to share in the comments below.
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Reliance Money Vs Networth Direct
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