Whenever we try to think of an entertainment and entertainment program in India, “Kaun Banega Crorepati” is the first thing that comes to mind. As its name implies, this TV game allows players to earn large sums of money.
Whether in the game setting or a magnificent celebration of Amitabh Bachchan’s legendary, the show has its magnetism and charm. Among the aspects that make Kaun Banega Crorepati more fun and exciting are excellent lifestyles, audience questions, phone friends, 50:50 or expert advice to help a competitor get closer to the cash prize.
The exciting thing is that these lifestyles can also be linked to the world of investment. Just as Kaun Banega Crorepati experts go out to help the game’s competitors, brokers are heading out into trading to target investors.
This is why stockbrokers are called investment advisers. Let’s dive in and know how to do it.
Who is the bag?
If you want to invest in shares of Indian companies, you will have to do so through stock exchanges like NSE and BSE. However, a normal man can’t buy shares directly through stock exchanges.
Therefore, they need an ordinary man to carry on the trade; and these intermediaries are known as stockbrokers. The role of the stockbroker is to promote stock trading on the stock exchanges on behalf of investors.
But if you are a sole seller or investor who does not make more than 3-4 transactions from time to time, you should choose a full-service agent.
Who is a full-service broker?
It is also known as a traditional full-service intermediary. This broker section assists clients in making any investment. The following is a list of some of the support services provided by full-service brokers:
- Offline or branch presence.
- Consultant, research, and action advice.
- Dedicated salesperson or relationship manager.
- 4×7 customer service.
- Customer training sessions.
- Margin financing facilities.
- Variety of financial products.
When gross investors receive support from brokers, they are often confused about which stock market is best for them? Which will be the most reliable? Who has less mediation? and so forth.
To find answers to these questions, let’s take a look at some of the best full-service brokers in India.
Best Full-service Brokers In India
Here are some of the best full-time runners in India:
#1. Angel Broker
Founded in 1987, Angel Broking is over 30 years old and is a full-service stockbroker with Rs’ flat brokerage. 20 the operation. Fixed brokerage fees can save you a lot of money if you change large volumes.
However, its value-added support is limited to equity advice, bond investments (corporations, tax-free, NCDs, and government bonds), and equity loans.
But today, Robo is best known for its consulting services, Angel Broking ARQ. It could be considered a spy tool to check the performance of stocks and portfolio conditions.
Angel Broking’s high-tech platforms include Angel Broking’s mobile app and angel eye.
Number of active customers: 1009199
Percentage of complaint: 0.07
With two decades of industry presence and 2 million dependents, and Rs. Responsible for active customers, ShareKhan is one of the best full-service brokers in India.
ShareKhan has a search engine for intelligent search and investment models and alert tools to explore and determine potential stocks for traders. Value-added support includes portfolio management, mutual fund investments, and equity loans.
ShareKhan is not only suitable for intermediate-level investors as well as higher-level investors. He is best known for his Tiger Tiger commercial applications.
Number of active customers: 600113
Percentage of complaint: 0.03
#3. IIFL ( India Infoline)
IIFL Securities Ltd (IIFL) is one of the leading full-service stock brokers in India. An account Demat IIFL is suitable for investors who want guidance and support for research in making judgments investment. You will receive generous and hopeful support from IIFL team customers.
When dealing with IIFL, you should remember that you should pay a percentage of your brokerage based on your business investments and value. Here you have permission to choose any of the three different brokerage schemes that include various brokerage, value-added brokerage, and flat brokerage.
The IFL mobile trading app is undoubtedly one of the best trading apps in India.
Number of active customers: 252498
Percentage of complaint: 0.04
#4. ICICI Direct
is one of the best and most trusted stock exchange agencies in India. Its customers enjoy the services of ICICI Direct with complete confidence. ICICI Bank is an online brokerage brand. The ICICI Direct full-service stock broker offers a wide range of banking products along with stock trading facilities.
With the help of ICICI Direct, loans (cars, housing), insurance, eLocker, NPS, mutual fund investments, investment advice, IPOs, and wealth management services will be available.
ICICI Direct has three mediation schemes to offer customers; this includes:
- ISecure apartment.
- HERE Prime.
- Prepaid mediation scheme.
Number of active customers: 1195055
Percentage of complaint: 0.02
#5. Motilal Oswal
At Motilal Oswal, you will find the best solid research tips in the industry. They store 30,000 market, economy, and 230 stocks report in 21 sectors.
Motilal Oswal’s value-added benefits include ease of investing in gold ETFs, fixed income instruments, mutual funds, IPOs, bonds, and portfolio management services (PMS).
Motilal Oswal offers three types of schemes; among them are; Value pack, edge plan, and AMC 999 layout.
One of the unique things about Motilal Oswal is that it has created its own online mobile trading app called Motilal Oswal Mobile Trading App.
Number of active customers: 448808
Percentage of complaint: 0.05
#6. HDFC Securities
HDFC Securities is a full-service stockbroker at HDFC Bank. HDFC Securities provides 3 in 1 and 2 in 1 for traders and investors.
Value-added benefits include investments in research advice, loan products (automotive, home, personal and educational), gold, ETFs, bonds, and NPS investments. HDFC Securities also offers you the opportunity to invest in US stocks.
HDFC is one of the best in terms of trading platforms. HDFC stock trading platform has HDFC stock application and HDFC pro terminal.
Number of active customers: 801201
Percentage of complaint: 0.01
#7. SBICap Securities
SBICap Securities is one of India’s best stock brokerage agencies to ensure clients and customers trust the brokers. As its name implies, SBICap Securities is SBI’s largest public sector bank. The entire stock market broker offers a 3 in 1 account.
The securities and SBICap products that can be accessed in securities are decent research consultancy, business calls, securities loans, home, car loans, and a facility to invest in MNT, mutual funds, OFS and OPI.
SBICap stock trading platforms are considered reliable. These include the SBISMART Trading app, the SBISMART Xpress and SBISMART Trading Portal and the SBISMART Web Trading Portal.
Number of active customers: 285983
Percentage of complaint: 0.03
#8. ventura securities
Ventura Securities started trading and trading on the stock exchange in 1994 and offers stock advice, intervention, and trading advice.
Value-added support includes investments in IPOs, fixed income securities, NPS, mutual funds, and store services.
Risk trading platforms have attracted a lot of attention in recent years. These trading platforms are very cheap. The Ventura Pointer and Ventura Wealth & Commodities Mobile Apps are two of them.
Number of active customers: 84835
Percentage of complaint: 0.03
#9. Religare Brokerage
Religare Broking is a partner in the Religare group, which benefits stockbrokers to clients up to 10 lakh. However, value-added support is limited to research advice, NPS, and mutual funds.
It has also attracted attention in recent years, and now people who want to invest in stocks have started studying Religare Broking, among other things.
Religare Broking’s trading platforms are also set to become a big name in the industry. Religare DIET ODIN, Religare Web Portal, and Religare Dynami are among these platforms.
Number of active customers: 120142
Percentage of complaint: 0.03
#10. Axis Direct
Axis Direct is also one of the exchanges that offer many facilities to its customers. Success is based on stockbroker homes with a decent number of clients.
Axis Direct is an online trading and investment team at Axis Bank. Monitor and manage the value-added support portfolio, mutual fund and equity advisory services, general insurance, tax planning, ETFs, as well as OPCs.
The Aix Direct trading platform can be said to be a good option for customers. The light use of this trading platform is why it is on the list of top brokers. Includes Axis Direct Trade, Axis Web Tradform Platform, and Axis Mobile Trading App.
Number of active customers: 361263
Percentage of complaint: 0.01
Edelweiss is one of the stockbrokers that could be considered a trusted stockbroker. The services offered by Edelweiss are also fast and have therefore played an essential role in the industry. Edelweiss Brokerage has completed over two decades in the industry with over 14 Lakh clients. 59.4 billion assets from managed customers.
You should decide on Edelweiss brokerage if you need guided support for portfolio investments. They offer driven wallet services, suitcases, and wallet sorting services.
Other Edelweiss services include investments in mutual funds, gold, ETFs, and insurance products.
Edelweiss trading platforms are among the best, and there are virtually no eager customers with these platforms. Terminal X3 (TX3) and Edelweiss Mobile Trader are two of Edelweiss’ trading sites.
Number of active customers: 142261
Percentage of complaint: 0.08
Factors to consider when opening an account to a full-service agent in India
#1. Your investment and trading needs
Each individual has different financial goals and needs. Some may have short-term trading needs, while others may have long-term plans to build a corpus of wealth they like to invest in.
You may need other services simultaneously, such as mutual funds, tax planning, loans (car and home), NPS, insurance, small portfolios, portfolio management, and wealth services.
Therefore, before choosing a full-service broker, you need to check your investment requirements and then find a broker that meets them.
#2. Existing financial relationships
Many banks (public and private) offer full-service brokerage services through subsidiaries.
So, if you already have a bank relationship, it makes sense to ask if they can provide a commercial facility.
This way, you will not have to open accounts (Demat, trading, and banking) at various companies, but you can keep all financial transactions with one organization.
#3. Mediation payments
Almost all full-service brokers charge you a percentage of the brokerage fee based on trading volume (share price x number of shares).
You need to check your investment needs and the money you can pay as a brokerage commission. The value proposition will match the investment support you need.
#4. Trading facilities
Finally, it would help if you looked at the business tools available. Commercial facilities will help you transfer money, operate smoothly, and manage your money and portfolio effectively.
The platform should help analyze the market and help build strategies. Also, the platform should be available on different types of devices, such as computers, laptops, and smartphones, and should be easy to use.
As mentioned above, expert opinion always arises as a savior when someone is confused or has a problem. Just as Kaun Banega Crorepati’s TV gaming experts help competitors win many awards, stockbrokers or investment advisers also help investors achieve consistent wealth through trading.
Choosing an agent is a pretty elaborate job. The list includes some of the best brokers in the country who make investment decisions more accessible and can get you out of the dilemma.
When choosing a broker, you are advised to do a detailed analysis of the services and benefits they offer to make the decision that best suits your needs. Make your decision wisely.
Happy (and wise) investment!