Reliance Money Vs Shriram Insight – Share Brokers Comparison
Reliance Money Vs Shriram Insight
Here is a point by point comparison of Reliance Money Vs Shriram Insight. 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.Ā Shriram Insight, is a full service stock broker with a presence in around 700 different locations across India. The broker provides free account opening with reasonable brokerage rates but the quality of its service and research can be improved.
Full service brokers such as Reliance Money or Shriram Insight 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 Reliance Money Vs Shriram Insight 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.
Comparison
Reliance Securities Review | Shriram Insight Review | |
OVERVIEW | ||
Incorporated In the Year | 2006 | 1974 |
Number of branches across India | 1700 | 700 |
Exchanges | NSE, BSE, & MCX-SX | NSE, BSE, MCX, RCL |
ACCOUNT CHARGES | ||
Trading Account Opening Chargesļ»æ | ā¹950 | ā¹0 |
Trading Account Annual Maintenance Charges | ā¹0 | ā¹0 |
Demat Account Opening Charges | ā¹0 | ā¹290 |
Demat Account Annual Maintenance Charges | ā¹400 | ā¹0 |
Transaction Charges | Reliance Securities Transaction Charges | Shriram Insights Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.5% to 0.08% | 0.3% |
Intraday Delivery | 0.05% to 0.005% | 0.03% |
Equity Futures | 0.05% to 0.005% | 0.03% |
Equity Options | ā¹7 to ā¹10 per lot | ā¹50 per contract |
Currency Futures | 0.04% | 0.03% |
Currency Options | ā¹40 per lot | ā¹50 per contract |
Commodity | NA | 0.03% |
Calculate Brokerage | Reliance Securities Brokerage Calculator | Shriram Insight Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Intraday upto 2 times |
Equity Futures | Upto 3 times for Intraday | Same as margin |
Equity Options | No Leverage | Same as margin |
Currency Futures | No Leverage | Same as margin |
Currency Options | No Leverage | Same as margin |
Commodities | NA | Same as margin |
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 | NetPro Desktop, NetPro Browser, Mobile App |
Total BSE+NSE Complaints Percentage | 0.08% | 0.05% |
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 Shriram Insight for the benefits of other readers. Please feel free to share in the comments below.
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