Introduction:
Both Aditya Birla Money and Nirmal Bang offer different modern facilities to help to trade their investors. Only a relative methodical study can enlighten the areas where an investor needs to focus. This in-depth study between Aditya Birla Money vs Nirmal Bang enlightens those areas to assist traders to make investing decisions.
Aditya Birla Money is an eminent name in full-service broking organization that started its journey in 2008 based on Chennai.
This broker has a pan India presence with more than 41 branches and more than 750 sub-broker networks.
In association with Allahabad bank, Aditya Birla Capital offers its customers a 3-in-1 account facility.
Whereas, full-service broker Nirmal Bang (Nirmal Bang Securities Pvt Ltd) was established in 1989.
This broker has a huge product offering list for its investors. They publish customer informative magazine, tips, detailed research reports, etc for their investors.
Notable Features:
Nirmal Bang:
- The marginal funding feature/facility is offered in collaboration with NBFCs.
- Almost every investment option is offered.
- The minimum brokerage is not charged.
- No brokerage plan is offered to the customer.
- Trading & DEMAT account opening is offered for free.
Aditya Birla Capital:
- Trading & DEMAT account opening is offered for free.
- This broker facilitates investors to transfer funds to 11 leading banks.
- It offers its investors a personal dedicated relationship manager.
- Call & trade facility is free.
- They also offer an immediate account of opening facilities for KRA compliance clients.
Overall Services
Here we have compared Aditya Birla Capital vs Nirmal Bang based on their overall segment-wise reviews.
We have accumulated these reviews from different public platforms. We can see from the below comparison that in every aspect Aditya Birla Money is better than Nirmal Bang.
| Particulars | Aditya Birla Money | Nirmal Bang |
| Overall Rating | 3.5 out of 5 | 3 out of 5 |
| Brokerage Fee | 3.5 out of 5 | 3 out of 5 |
| Trading Platform | 3.5 out of 5 | 3 out of 5 |
| Investments Offering | 4 out of 5 | 3 out of 5 |
| Customer Service | 3.5 out of 5 | 3 out of 5 |
| Broker Type | Full-service Broker | Full-Service Broker |
| Exchanges Supported | NSE, BSE, MCX-SX, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
Aditya Birla Capital vs Nirmal Bang AMC & AOC:
Assessing Aditya Birla Money vs Nirmal Bang based on AOC & AMC we get the below details.
Here we can see that both the broker offers free trading & DEMAT account opening as well as free trading AMC for their customer.
| Charges | Aditya Birla Money | Nirmal Bang |
| Trading Account Opening Fees | Free of cost | Free of cost |
| Trading AMC | Free of cost | Free of cost |
| DEMAT Account Opening Fees | Free of cost | Free of cost |
| DEMAT AMC | 450 Rupees PA or 555 Rupees for 5 Years | 200 Rupees PA |
| Provide DP Service | ✔ | ✔ |
Brokerage Plan Comparison
Based on the brokerage plan we here have compared Aditya Birla Money vs Nirmal Bang as below. We can see from the below table that both the broker doesn’t have any brokerage plan to offer.
| Plan Types | Aditya Birla Brokerage | Nirmal Bang Brokerage |
| Multiple Brokerage Plans | 🞬 | 🞬 |
| Monthly Brokerage Plans | 🞬 | 🞬 |
| Yearly Brokerage Plans | 🞬 | 🞬 |
Comparing Aditya Birla Money vs Nirmal Bang based on brokerage fee we get the below details.
Here we can see that both the broker offers a percentage-based brokerage charge structure.
Aditya Birla Money has a minimum brokerage charge for their customer whereas Nirmal Bang doesn’t have any brokerage charge.
| Particulars | Aditya Birla Money | Nirmal Bang |
| Plan Name | I-Decide Trading Plan (Percentage Based) | Basic Trading Plan (Percentage Based) |
| Equity Delivery | 0.2% or 20 paisa | 0.2% or 20 paisa |
| Equity Intraday | 0.02% or 2 paisa | 0.02% or 2 paisa |
| Equity Futures | 0.02% or 2 paisa | 0.02% or 2 paisa |
| Equity Options | 35 Rupees Per Lot | 100 Rupees Per Lot |
| Currency Futures | 0.02% or 2 paisa | 0.02% or 2 paisa |
| Currency Options | 20 Rupees Per Lot | 20 Rupees Per Lot |
| Commodity Trading | 30 Rupees Per Lot | 0.02% or 2 paisa |
| Minimum Brokerage | A minimum brokerage of 20 Rupees per executed order | NIL |
| Hidden Charges | Info Not Available | Info Not Available |
| Funding | Info Not Available | Info Not Available |
| Call & Trade Charges | Info Not Available | Info Not Available |
Compare Transaction Fee
In terms of the transaction fee, we have compared Aditya Birla Money or Nirmal Bang as below.
Here we can see from the table that the transaction fee structure charged by Aditya Birla money is greater than Nirmal Bang.
| Particulars | Aditya Birla Money | Nirmal Bang |
| Equity Delivery | 350 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday | 350 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures | 200 Rupees Per Cr | 190 Rupees Per Cr |
| Equity Options | 6000 Rupees Per Cr | 5000 Rupees Per Cr |
| Currency Futures | 120 Rupees Per Cr | 110 Rupees Per Cr |
| Currency Options | 4200 Rupees Per Cr | 4000 Rupees Per Cr |
| Commodity | Non-Agri: 360 Rupees Per Cr Agri: 275 Rupees Per Cr | Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr |
Account Feature
Assessing Aditya Birla Money vs Nirmal Bang based on account feature we get the below details.
| Particulars | Aditya Birla Money | Nirmal Bang |
| 3 in 1 Account | 🞬 | 🞬 |
| Charting | ✔ | ✔ |
| Algo Trading | 🞬 | ✔ |
| SMS Alerts | ✔ | ✔ |
| Online Demo | ✔ | ✔ |
| Online Portfolio | ✔ | 🞬 |
| Margin Trading Funding Available | ✔ | ✔ |
| Combined Ledger for Equity and Commodity | ✔ | 🞬 |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | 🞬 | 🞬 |
| Other Features | NIL | NIL |
Aditya Birla Capital vs Nirmal Bang Trading Terminal
Contrasting Aditya Birla Money vs Nirmal Bang in terms of Trading terminal offering we get the below-mentioned details:
| Particulars | Aditya Birla Money | Nirmal Bang |
| Desktop Trading Platform | OMNESYS NEST-Express Trade | ODIN Diet |
| Desktop Demo | Info Not Available | Info Not Available |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | 🞬 | 🞬 |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | abtrade.adityabirlamoney.com/PlatformWeb/Platform/Account/LogIn | nbtrade.nirmalbang.net/netnetlite/ |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | ✔ | ✔ |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | 🞬 | 🞬 |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | 🞬 | 🞬 |
| Trading Software Charges | Info Not Available | Info Not Available |
Compare Investment Offering:
Comparing Aditya Birla Money vs Nirmal Bang based on their product offering we get these details.
Aditya Birla Money has insurance & MF SIP option in their product basket but Nirmal Bang doesn’t.
| Particulars | Aditya Birla Money | Nirmal Bang |
| Equity Cash and F&O | ✔ | ✔ |
| Currency Derivatives | ✔ | ✔ |
| Commodity | ✔ | ✔ |
| Online IPO Application | 🞬 | 🞬 |
| Mutual Funds | ✔ | ✔ |
| Bond / NCD | ✔ | ✔ |
| ETF | ✔ | ✔ |
| Banking | 🞬 | 🞬 |
| Insurance | ✔ | 🞬 |
| Forex | 🞬 | 🞬 |
| MF SIP Investment | ✔ | 🞬 |
| Equity SIP Investment | 🞬 | 🞬 |
| PMS Service | 🞬 | 🞬 |
| Other Investment Options | NIL | NIL |
Margin or Leverage
Based on the margin & leverage we compared here Aditya Birla Capital & Nirmal Bang :
| Particulars | Aditya Birla Money Margin | Nirmal Bang Margin |
| Equity Delivery Leverage | Maximum 5x through Margin Trading Funding system | Info Not Available |
| Equity Intraday Leverage | Maximum 10x or 10% considering Variable and ELM. | Maximum 10x or 10% considering Variable and ELM. |
| Futures Leverage | 1x or the particular SPAN + Leverage. | 1x or the particular SPAN + Leverage. |
| Options Leverage | 1x or the particular SPAN + Exposure in Selling a share and Premium leverage in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium leverage in Buying a share. |
| Equity CO Leverage | Maximum 10x or 10% considering Variable and ELM, no further leverage charges are included for Cover Order. | Maximum 10x or 10% considering Variable and ELM, no further leverage charges are included for Cover Order. |
| Futures CO Leverage | 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. | 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. |
| Options CO Leverage | 1x or the particular SPAN + Exposure leverage (Selling a share) or Premium leverage (Buying a share), No further leverage charges are included for Options Cover Order. | 1x or the particular SPAN + Exposure leverage (Selling a share) or Premium leverage (Buying a share), No further leverage charges are included for Options Cover Order. |
| Commodity Leverage | 1x or the particular SPAN + Exposure in Selling a share and Premium leverage in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium leverage in Buying a share. |
Customer Care Support
Customer supportiveness is one of the basic things which every investor looking for. Both Aditya Birla Capital & Nirmal Bang e hereby compared based on customer support.
| Particulars | Aditya Birla Money | Nirmal Bang |
| 24/7 Customer Service | 🞬 | 🞬 |
| Email Support | ✔ | ✔ |
| Online Live Chat | 🞬 | 🞬 |
| Phone Support | ✔ | ✔ |
| Toll-Free Number | ✔ | 🞬 |
| Through Branches | ✔ | ✔ |
| Customer Care Number | 1800-270-7000 | Info Not Available |
| Account Opening Process | Info Not Available | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Centre/Education | stocksandsecurities.adityabirlacapital.com/learning-center/knowldge-center | Info Not Available |
| Head Office Address | Aditya Birla Money, Ali Centre, No. 53, Greams Road, Chennai – 600006 | Info Not Available |
| Website | stocksandsecurities.adityabirlacapital.com | Info Not Available |
DEMAT Account Feature
Based on the DEMAT account feature we contrasted Aditya Birla Capital vs Nirmal Bang as below. It includes DP ID, DP dource, etc.
| Particulars | Aditya Birla Money | Nirmal Bang |
| DP Source | ABM is: CDSL | Nirmal Bang is -CDSL |
| DP ID | ABM is : 37600 | Nirmal Bang is- No |
| DEMAT Account Annual Maintenance Charges(AMC) | 450 Rupees pa or 1500 Rupees Lifetime AMC | 200 Rupees pa or 1000 Rupees for life time AMC |
| Advance Deposit | NIL | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | #8377;30 Rupees for Normal AC, #8377;20 Rupees for Lifetime AMC | 0.03% of the transaction value (Min 15 Rupees) |
| DEMAT | 5 Rupees per certificate + 50 Rupees courier charges | 40 Rupees per DEMAT request + 40 Rupees for additional 50 certificate |
| REMAT | 15 Rupees for every hundred securities or 15 Rupees per certificate (whichever is higher) + 50 Rupees courier charges | 0.04% of the value or 15 Rupees per certificate (whichever is higher) |
| Pledge Creation | 50 Rupees | 0.02% of the transaction value (Min 100 Rupees) |
| Pledge Creation Confirmation | 50 Rupees | Nil |
| Pledge Closure | 50 Rupees | 0.02% of the transaction value (Min 100 Rupees) |
| Pledge Closure Confirmation | 50 Rupees | Nil |
| Pledge Invocation | 50 Rupees | 0.02% of the transaction value (Min 100 Rupees) |
| Failed Instruction Charges | Nil | Nil |
| Other Charges | Nil | Nil |
Concluding Word
Aditya Birla Capital & Nirmal bang both are famous in terms of their different facilities they offer to investors. Both the brokers have some pros and cons but choosing the right broker should be done keeping in mind the exact & individual needs.
