Bonanza Portfolio Review
Bonanza Portfolio seems to be one of Today’s largest full-service stockbrokers having a network in 560 Indian regions in about 1,800 networks (franchises and site-broker associates). Bonanza Portfolio is supplying its customers through a 3-in-1 accounting system in collaboration through several nationalized banking organizations.
In the whole thorough analysis, we shall look at different facets of this brokerage, as well as its trading services, brokerage, profit, operation, study and much more. Ideally, after the whole study, you should be able to establish whether or not it should push ahead with this entire full-service brokerage firm.
The financial brokerage firm came into existence in the year 1994 by Mr. Shiv Kumar Goel. It holds s active membership with all various types of trading exchanges including BSE, MCX, NSE, MCX-SX, ICEX, and USE. It also affiliated with depository firms like NDSL and CDSL.
Here are some of the best services, trading segments with investments options the Broker offers to its users mentioned:
- Equity trading
- Commodity trading
- IPOs
- Currency trading
- Mutual funds investment
- Insurance
- Derivative Trading
- Investment banking
- Portfolio management systems and services
- Depository services
- Institutional level broking
- Advisory services.
Bonanza Portfolio Official Trading Platforms And Its Features
Trading & investment platforms appear in multiple types and configurations for specific levels of custom functionality. When you don’t enjoy their trading interface offered by a brokerage, it makes absolutely no purpose to start investing via it. Therefore, be aware of the variety of trading tools offered by the brokerage firm.
1. MY E-Trade by Bonanza Portfolio – The Web-based Trading Platform
My E-Trade Web is an Online browser-based trading portal, My E-Trade is simple to navigate and quality-centric. You just have to submit your username credentials to sign in and continue investing. Above all, it must be used on virtually all web browsers like Firefox, google chrome, Internet Explorer and many others.
Please remember that somehow the portal is powered by Omnesys, thus ensures how customers should be confident of timely assistance and protection.
Here are the best features of E-Trade Web Trading Portal:
- The trading platforms offer highly advanced user-friendly charting features with the best real-time trade flow.
- It provides the latest market trends and multiple trade indicators and notifications.
- The trading layout is super simple and responsive.
- It allows the user to customize the trading interface as per requirement and trading preferences.
- 24×7 technical, backup and customer-based support.
2. Nest Trader By Bonanza Portfolio – The Desktop-Based Terminal Platform
Widely considered as one of the highly reliable and commonly adopted trade applications, NEST Trader is operated by Omnesys. A good majority of equity traders are using it these days.
The only problem seems to be that the above trading application is relatively heavy in size and perhaps requires a strong configuration from your computer or desktop for fast and efficient trading flow and experience. The consumer interface of the program is fairly sub-optimal in general.
Let’s check out the top features of Nest trader:
- It offers a great set of trading screens with maximum risk management features.
- It comes loaded with head maps and in-depth market research reports.
- The platform offers historical charting features with intraday, proportional trends, and its best analysis.
- It offers real-time trade notifications and other alerts for maximum profit generation.
3. MY E-Trade Mobile App By Bonanza Portfolio – The Mobile Based Trading Application
The E-trade mobile app is engineered to enable its consumers for trading directly through any portable devices; the smartphone-based trade app is fairly decent in terms of efficiency and User interface.
Here some important features of Mobile Trade Application:
- The mobile applications avail their users to manage trade charts and customize them as per needs.
- The trading application provides real-time live streaming of stocks and its quotes.
- it helps the user to deal with management of research reports and its implementation on trading.
- It also effectively handles orders and its transaction details with proper supporting trade reports.
Bonanza Portfolio Research Report And Advisory Trading Tips
The full-service brokerage firm delivers analysis to its customers through various markets at strategic and also technological levels. Here is how the brokerage has differentiated its studies:
1. Mutual Funds Research Reports
- Daily reports on investments funds
- Investment based reports every week
- Monthly investment reports
- Special reports on mutual funds
2. Currency Research Reports
- Forex insight reports daily
- Continuous ideas on currency trading
- Weekly reports on Forex insights
- Advanced positional calls
3. Commodities Research Reports
- Agri commodities reports and views
- Non-Agri commodities research reports and views
- Monthly updates on commodity trading
- Positional calls
- Commodity trading ideas
4. Equity Research Reports
- Equity-based trading ideas
- Market-based strategies daily
- Research reports monthly based strategies
- Equity investment ideas
- Daily basis ideas on derivative strategies
- Event-based updated with notifications
- Positional based technical reports
Bonanza Portfolio Customer Care, Support and Office Addresses
Below are the communication sources offered towards its customers by the full-service stockbroker, Bonanza Portfolio:
- Supports via offline branches
- Webform supports
- Toll-free customer support
- Email-based service
1. Customer Care Numbers, Office Addresses, and Helpline Emails and Contact Information.
Head Office Address | 2/2 A, First Floor, Lakshmi Insurance Building, Asaf Ali Road, New Delhi-110002 |
Corporate Office Address | Bonanza House, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Behind The Hub, Goregaon (East), Mumbai – 400 063 |
Email Support | [email protected] |
Toll-Free Number | 1800 266 6655 |
2. Bonanza Portfolio Customer Ratings
Segments | Rating |
Brokerage Charges | 3.3 out of 5.0 |
Trading Platforms And Services | 3.4 out of 5.0 |
Ease To Use And Trade | 3.1 out of 5.0 |
Customer Service | 3.7 out of 5.0 |
Research Reports And Its Analysis | 4.8 out of 5.0 |
Overall Rating | 3.6 out of 5.0 |
Bonanza Portfolio Prices and Charges
Bonanza Investment strategy is a fair dealer whenever it relates to cost. Be it account opening, servicing, trading costs, etc., Bonanza appears to be reasonably gentle on the wallet, including if it’s a discount investment brokerage.
Below is the following information:
1. Bonanza Portfolio Account Opening Charges
These are the opening fees for the Bonanza Portfolio acct:
Segments | Opening Charges |
Account Opening for Trading | Rs.0/- |
Account Opening for DEMAT | Rs.0/- |
AMC for Trading Account | Rs.0/- |
AMC for DEMAT Account | Rs.250/- |
Bonanza is among the relatively few full-service investment traders that offer up several DEMAT and trading accounts. In comparison, the yearly maintenance fee for your DEMAT account is equivalent to Rs.250/-, which is quite a negligible value for AMC.
2. Bonanza Portfolio Brokerage Charges and Plans
I. Default Brokerage Plan
This brokerage plan is named as default brokerage plan because it doesn’t ask for any upfront subscription fees. The charges will be deducted automatically from your profits and the plan total fees from any additional fees.
Segments | Default Brokerage Plan |
Equity Delivery | 0.1% |
Equity Intraday | 0.01% |
Equity Options | Rs.20/- per lot |
Equity Futures | 0.01% |
Currency Options | Rs.7/- per lot |
Currency Futures | 0.005% |
Commodities Delivery | 0.04% |
Commodities Options | 0.006% |
II. Brokerage Plan 1000
This brokerage plan is named as brokerage plan 1000 because it asks for any upfront subscription fees of Rs.1000 for trading. It allows the user to trade in lower brokerage charges than the default brokerage plan.
Here are the details mentioned as per all trading segments below:
Segments | Brokerage Plan 1000 |
Equity Delivery | 0.1% |
Equity Intraday | 0.005% |
Equity Options | Rs.15/- per lot |
Equity Futures | 0.005% |
Currency Options | Rs.5/- per lot |
Currency Futures | 0.0025% |
Commodities Delivery | 0.025% |
Commodities Options | 0.004% |
III. Brokerage Plan 3000
This brokerage plan is named as brokerage plan 3000 because it asks for any upfront subscription fees of Rs.3000 for trading. It allows the user to trade in lower brokerage charges than the brokerage plan 1000.
Here are the details mentioned as per all trading segments below:
Segments | Brokerage Plan 3000 |
Equity Delivery | 0.03% |
Equity Intraday | 0.00375% |
Equity Options | Rs.12/- per lot |
Equity Futures | 0.00375% |
Currency Options | Rs.5/- per lot |
Currency Futures | 0.0020% |
Commodities Delivery | 0.020% |
Commodities Options | 0.0025% |
IV. Brokerage Plan 7500
This brokerage plan is named as brokerage plan 7500 because it asks for any upfront subscription fees of Rs.7500 for trading. It allows the user to trade in lower brokerage charges than the brokerage plan 3000.
Here are the details mentioned as per all trading segments below:
Segments | Brokerage Plan 7500 |
Equity Delivery | 0.025% |
Equity Intraday | 0.00312% |
Equity Options | Rs.10/- per lot |
Equity Futures | 0.00312% |
Currency Options | Rs.4/- per lot |
Currency Futures | 0.0015% |
Commodities Delivery | 0.0166% |
Commodities Options | 0.00208% |
V. Brokerage Plan 27000
This brokerage plan is named as brokerage plan 27000 because it asks for any upfront subscription fees of Rs.27000 for trading. It allows the user to trade in lower brokerage charges than the brokerage plan 7500.
Here are the details mentioned as per all trading segments below:
Segments | Brokerage Plan 27000 |
Equity Delivery | 0.0225% |
Equity Intraday | 0.00281% |
Equity Options | Rs.9/- per lot |
Equity Futures | 0.00281% |
Currency Options | Rs.3.6/- per lot |
Currency Futures | 0.00135% |
Commodities Delivery | 0.015% |
Commodities Options | 0.00187% |
3. Bonanza Portfolio Transaction Charges
Besides the account opening charges and trading costs, the transaction costs charged by BSE or NSE (based on the exchanged graph) are as follows:
Segments | Transaction Charges |
Equity Delivery | 0.00325% |
Equity Intraday | 0.00325% |
Equity Options | 0.05% |
Equity Futures | 0.0019% |
Currency Options | 0.040% |
Currency Futures | 0.0011% |
Commodities | 0.0021% |
Full-service stockbroker pays very fair trading costs. While several stockbrokers in India reimburse for their small trading fees by paying large transaction fees.
Bonanza Portfolio seems to be not one of those, that with its cost, continues to remain smooth and straightforward.
Bonanza Portfolio Margin and Exposure
Bonanza Portfolio offers the corresponding margins to all its customers, based on the category bought and sold:
Segments | Margin or Leverage |
Equity Delivery | up to 10 times leverage allowed |
Equity Intraday | The margin of up to 10 times |
Equity Options | No exposure to buying & Up to 2 times exposure on selling |
Equity Futures | 3 times leverage on intraday trade |
Currency Options | No exposure to buying & Up to 2 times exposure on selling |
Currency Futures | Only 2 times leverage is offered by the broker |
Commodities | Intraday leverage of 3 times is allowed |
The full-service stockbroker appears relatively decent as it contributes to delivering leverage or exposure to all its customers.
Comparison of Bonanza Portfolio with Best Brokerage Firms.
1. Bonanza Portfolio Comparison With Closet Discount Brokers Firms
Brokerage Firm | Bonanza portfolio | Stoxkart | Upstox | Fyers |
Type Of Service Offered | Full service based brokerage | An Online Discount broking service Provider | An Online Discount Broker | An Online Discount Broker |
Range Of Brokerage Charges | Rs.18/- | Rs.15/- | Rs.20/- | Rs.20/- |
Type Of Trading Accounts | 2 in 1/ trading and DEMAT Accounts | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 |
Equity Intraday | Rs.18/- | Rs.15/- | Rs.20/- | Rs.20/- |
Currency Options | Rs.18/- | Rs.15/- | Rs.20/- | Rs.20/- |
Commodity | Rs.18/- | Rs.15/- | Rs.20/- | Not Applicable |
Equity Delivery | Rs.18/- | Rs.0/- | Rs.0/- | Rs.0/- |
Equity Options | Rs.18/- | Rs.15/- | Rs.20/- | Rs.20/- |
Currency Futures | Rs.18/- | Rs.15/- | Rs.20/- | Rs.20/- |
Equity Futures | Rs.18/- | Rs.15/- | Rs.20/- | Rs.20/- |
Rating | 3.5 out of 5.0 | 4.5 out of 5.0 | 4.3 out of 5.0 | 4.0 out of 5.0 |
2. Comparison of Bonanza Portfolio with top Full-service Brokerage Firms
Brokerage Firm | Bonanza portfolio | Angel Broking | Edelweiss | Sharekhan |
Type Of Service Offered | Full service based brokerage | A Full-Service Broker | A Full-Service Brokerage Firm | A Full-Service broking service provider |
Range Of Brokerage Charges | Rs.18/- | Rs.15/- to Rs.30/- | Rs.10/- or 0.5% | 0.10% to 0.50% |
Type Of Trading Accounts | 2 in 1/ trading and DEMAT Accounts | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 |
Equity Intraday | Rs.18/- | Rs.15/- for less than Rs.50,000/- And Rs.30/- for more than Rs.50,000/- | 0.01% of Rs.10/- | Rs.0.10/- or 0.1% |
Currency Options | Rs.18/- | Rs.30/- | Rs.10/- | Rs.25/- or 2.5% |
Commodity | Rs.18/- | Rs.30/- | Not Applicable | Rs.0.10/- or 0.1% |
Equity Delivery | Rs.18/- | Rs.15/- for less than Rs.50,000/- And Rs.30/- for more than Rs.50,000/- | 0.01% of Rs.10/- | Rs.0.50/- or 0.5% |
Equity Options | Rs.18/- | Rs.30/- | 0.01% of Rs.10/- | Rs.25/- or 2.5% |
Currency Futures | Rs.18/- | Rs.30/- | 0.01% of Rs.10/- | Rs.0.10/- or 0.1% |
Equity Futures | Rs.18/- | Rs.30/- | 0.01% of Rs.10/- | Rs.0.10/- or 0.1% |
Rating | 3.5 out of 5.0 | 4.3 out of 5.0 | 4.1 out of 5.0 | 4.0 out of 5.0 |
Bonanza Portfolio Complaints Received at BSE/NSE
The long list of Bonanza consumer reports obtained by the trade Exchanges. The Bonanza customer grievance Statement tries to explain the efficiency and effectiveness of the company of Bonanza Portfolio Ltd.
Exchange | Financial Year | Number of Clients* | Complaints** |
NSE | 2019-20 | 36,178 | 11 |
BSE | 2019-20 | 13,281 | 2 |
NSE | 2018-19 | 37,193 | 14 |
BSE | 2018-19 | 16,157 | 3 |
NSE | 2017-18 | 46,035 | 24 |
BSE | 2017-18 | 25,430 | 10 |
NSE | 2016-17 | 37,115 | 21 |
BSE | 2016-17 | 20,512 | 7 |
NSE | 2015-16 | 33,606 | 34 |
BSE | 2015-16 | 22,007 | 19 |
Bonanza Portfolio Advantages And Disadvantages
Bonanza Portfolio Advantages
- Different brokerage strategies presenting customers with competitive trading prices based on the leverage funds.
- The collection of trade categories provided to customers.
- Massive off-line reporting and assistance.
- They have intraday updates and statistical graphs.
- Variety of pricing arrangement to satisfy the desires of various forms of customers.
- Bonanza is providing 2 in 1 transaction, which would be a trading and DEMAT portfolio.
- Bonanza provides programs such as IPO competitive trading and investment funds.
Bonanza Portfolio Disadvantages
- The call n trade facility by the broker is very expensive.
- There is no help for NRI customers.
- No toll-free number for customers to access the Bonanza Portfolio.
- No provision for iOS-based phones and computers.
- There is no automatic trade.
- Bonanza does not even sell a Referral program.
- Bonanza is not open in respect of sales, commissions and several secret fees.
Conclusion
Bonanza Portfolio is a quality-for-money full-service investment brokerage. Nonetheless, almost all of the factors offered by the brokerage are relatively average in terms of efficiency. Furthermore, there seem to be issued with the company as regards its analysis, service and support and portals.
Consumers are encouraged to consider what they are searching for and only go to this full-service stockbroker if they are willing to satisfy their requirements and desires. Keeping an account solely based on a free DEMAT and trading accounts is a new move.
Read Also: Bonanza Capital Markets Pvt. Ltd. FAQs – Demat & Trading Account Related General Questions & Answers
Bonanza Portfolio General FAQs
Q1. Do Bonanza Portfolio offer banking services?
Ans. No, Bonanza Portfolio offers banking services.
Q2. In which year Bonanza Portfolio started offering its services?
Ans. In the year 1994, the Bonanza Portfolio offered its services.
Q3. Does Bonanza Portfolio offer a 3 in 1 account to its users?
Ans. Yes, Bonanza Portfolio offers a 3 in 1 account facility to its users.
Q4. What is the name of the CEO of Bonanza Portfolio?
Ans. Mr. Shiv Kumar Goel is the name of the CEO of Bonanza Portfolio.
Q5. Is there any facility available with Bonanza Portfolio for providing offline based customer service?
Ans. Yes, there is a facility available with Bonanza Portfolio for providing offline based customer service.
Q6. Is there any option to use with margin trading with the Bonanza Portfolio Full-service Broker?
Ans. Yes, Bonanza Portfolio offers margin trading to its customers.
Q7. With whom Bonanza Portfolio holds its DP services?
Ans. With CSDL and NSDL membership Bonanza Portfolio holds its DP services.
Q8. Is there any facility to trade with Bonanza Portfolio on EQUITY?
Ans. Yes, there is a facility to trade with Bonanza Portfolio on EQUITY.
Q9. Is it trustworthy to rely on research reports of Bonanza Portfolio?
Ans. Yes, it is trustworthy to rely on research reports of Bonanza Portfolio.
Q10. Does Bonanza Portfolio offer ETFs investments to its clients?
Ans. No, Bonanza Portfolio offers ETFs investments to its clients.
Q11. Is there any option to deal with Mutual Funds with the Bonanza Portfolio Full-service Broker?
Ans. Yes, Investment in mutual funds is allowed with Bonanza Portfolio.
Q12. Does Bonanza Portfolio Offer an integrated fund transfer option to its users?
Ans. Yes, Bonanza Portfolio Offers an integrated fund transfer option to its users.
Q13. Is there any option to deal with Equity trade with the Bonanza Portfolio Full-service Broker?
Ans. Yes, there is an option to deal with Equity trade with the Bonanza Portfolio Full Service Broker.
Q14. Is there any option to deal with Mutual Funds with the Bonanza Portfolio Full Service Broker?
Ans. Yes, Investing in Mutual funds is allowed by the BONANZA PORTFOLIO Brokerage firm.
Q15. Investing in Fixed Deposits is allowed by the BONANZA PORTFOLIO Brokerage firm?
Ans. No, Investing in Fixed Deposits is allowed by the BONANZA PORTFOLIO Brokerage firm.
Q16. Is Trading with derivatives is allowed with Bonanza Portfolio?
Ans. Yes, Trading with derivatives is allowed with Bonanza Portfolio.
Q17. Is Trading with Currency is allowed with Bonanza Portfolio?
Ans. Yes, Trading with Currency is allowed with Bonanza Portfolio.
Q18. Is Trading with Futures is allowed with Bonanza Portfolio?
Ans. Yes, Trading with Futures is allowed with Bonanza Portfolio.
Q19. Being a Full-service broker Does Bonanza Portfolio offers IPO investment?
Ans. Yes, Bonanza Portfolio offers IPO investment to its clients.
Q20. Mention the annual maintenance charge of Bonanza Portfolio for the account of Trading.
Ans. The annual maintenance charge of Bonanza Portfolio for the account of Trading is free of cost.
Q21. Mention the annual maintenance charge of Bonanza Portfolio for the account of DEMAT
Ans. Rs.250/- is charged by the broker for the AMC of DEMAT Account.
Q22. Is there any e-locker facility available with BONANZA PORTFOLIO?
Ans. No, Bonanza Portfolio doesn’t offer any E-locker facility to its clients.
Q23. Is there any facility of Desktop based trading with the Bonanza Portfolio Full Service broker?
Ans. Yes, there is a facility of Desktop based trading with the Bonanza Portfolio Full Service broker.
Q24. Is there any facility of Web browser-based trading with the Bonanza Portfolio Full Service broker?
Ans. Yes, there is the facility of Web browser-based trading with the Bonanza Portfolio Full Service broker.
Q25. Is there any facility of mobile phone-based trading with the Bonanza Portfolio Full Service broker?
Ans. Yes, there is a facility of mobile phone-based trading with the Bonanza Portfolio Full Service broker.
Q26. Mention the Web browser based trading portal name of Bonanza Broking?
Ans. The name of the web-based trading platform of BONANZA PORTFOLIO is Bonanza E-Trade Web.
Q27. Is trading with a web trading platform is effective to gain profits?
Ans. Yes, trading with a web trading platform is effective to gain profits.
Q28. What is the name of the mobile-based trading platform of BONANZA PORTFOLIO?
Ans. The name of the mobile-based trading platform of BONANZA PORTFOLIO is the Bonanza E-Trade Mobile.
Q29. Is there any facility of Annual report publication with Bonanza Portfolio?
Ans. Yes, there is a facility of Annual report publication with Bonanza Portfolio.
Q30. Is there any facility like trade recommendations with Bonanza Portfolio?
Ans. Yes, BONANZA PORTFOLIO offers trade recommendations.
Q31. Is there any facility of Company report publication with Bonanza Portfolio?
Ans. Yes, there is a facility of Company report publication with Bonanza Portfolio.
Q32. Does Relationship managers support is available via BONANZA PORTFOLIO support?
Ans. No, Relationship managers’ support is available via BONANZA PORTFOLIO support.
Q33. Is there any facility of real-time stock reports with Bonanza Portfolio?
Ans. Yes, there is a facility of real-time stock reports with Bonanza Portfolio.
Q34. Is there any facility of Daily market reports with Bonanza Portfolio?
Ans. Yes, there is a facility of Daily Market reports with Bonanza Portfolio.
Q35. Is there any facility of monthly research reports with Bonanza Portfolio?
Ans. Yes, there is a facility for monthly research reports with Bonanza Portfolio.
Q36. Is there any facility offered by BONANZA PORTFOLIO via EMAIL for its customers?
Ans. Yes, the Email Service facility is offered by BONANZA PORTFOLIO for its customers.
Q37. Is there any facility offered by BONANZA PORTFOLIO over the phone for its customers?
Ans. Yes, over the phone Service facility is offered by BONANZA PORTFOLIO for its customers.
Q38. Is there any support offered by BONANZA PORTFOLIO via offline branches for its customers?
Ans. Yes, offline branch support is offered by BONANZA PORTFOLIO for its customers.
Q39. Mention the customer care number of BONANZA PORTFOLIO?
Ans. The customer care number of BONANZA PORTFOLIO is 1800 266 6655
Q40. How much does BONANZA PORTFOLIO impose on its user for opening a Trading Account?
Ans. BONANZA PORTFOLIO imposes Rs.0/- on its user for opening a Trading Account.
Q41. How much does BONANZA PORTFOLIO impose on its user for opening a DEMAT Account?
Ans. BONANZA PORTFOLIO imposes no charge on its user for opening a DEMAT Account.
Q42. How much does BONANZA PORTFOLIO impose on its clients for the AMC of a DEMAT Account?
Ans. BONANZA PORTFOLIO imposes Rs.250/- on its user for AMC of a DEMAT Account.
Q43. How much does BONANZA PORTFOLIO impose on its clients for the AMC of a Trading Account?
Ans. BONANZA PORTFOLIO imposes Rs.0/- on its user for AMC of a Trading Account.
Q44. How much does BONANZA PORTFOLIO impose on its clients as minimum margin money for trading?
Ans. BONANZA PORTFOLIO imposes no fixed amount on its user as minimum margin money for trading.
Q45. How much do Bonanza Portfolio charges for Currency option brokerage fees?
Ans. Bonanza Portfolio charges Rs.7/- per Lot for Currency option brokerage fees.
Q46. How much do Bonanza Portfolio charges for Equity option brokerage fees?
Ans. Bonanza Portfolio charges Rs.20/- per Lot for Equity option brokerage fees.
Q47. How much do Bonanza Portfolio charges for Equity Delivery brokerage fees?
Ans. Bonanza Portfolio charges 0.1% for Equity Delivery brokerage fees.
Q48. How much do Bonanza Portfolio charges for Equity intraday brokerage fees?
Ans. Bonanza Portfolio charges 0.01% for Equity intraday brokerage fees.
Q49. How much do Bonanza Portfolio charges for Equity Futures brokerage fees?
Ans. Bonanza Portfolio charges 0.01% for Equity Futures brokerage fees.
Q50. How much do Bonanza Portfolio charges for Currency Futures brokerage fees?
Ans. Bonanza Portfolio charges 0.005% per order for Currency futures brokerage fees.