Mangal Keshav Review
Mangal Keshav Securities is India’s one of the oldest brokerage firm. It came into existence in the year 1939 in the city Mumbai, Maharashtra. It holds a customer base of over 70,000 with more than 325 offline branches across 80 major cities. It also offers the services internationally in the middle East and African countries.
The Mangal Keshav Securities is a full-service Brokerage firm and was founded by Mr. Paresh Bhagat. It got registered with BSE and NSE in the year 1939 and 1995 respectively.
Mangal Keshav seems to have been a leading company since its establishment with advanced technology implementation, a powerful interpretation of the profession and a various line of products.
With this whole ecosystem of services and facilities, they are confidently becoming the leaders in investment facilities in the nation, with unparalleled consumer engagement and record-breaking efficiency.
The firm offers a well-structured set of trading and investment segments which includes:
- Broking services.
- Equity Trading
- Commodity Trading
- Currency Trading
- Mutual Fund Investments
- IPO services
- Depository Services
- NRI Services
- Insurance
- Corporate fixed deposits
Mangal Keshav Official Trading Platforms and Its Features
Mangal Trader Workstation – The Desktop Trading Software
It is the online desktop based trading platform offered by Mangal Keshav to its users. It is best for heavy traders and allows the user to place quick trades.
Here are some of the best features of the desktop trading software:
- Bulk order placement is allowed.
- Real-time market watch list features and reports are available.
- Basket trading features is available
- Real-time market watch list with best trading performance
- Faster trading offers great profitable results.
Mangal Keshav Web Trading – The Web based Trading Portal
It is the web based trading portal that allows the user to grab the flexibility to deal with all trading features. It also offers the user with best set of trading solutions and super-fast trade placement facility.
The some of the best features of Mangal Keshav Web Trading are:
- It allows the user to trade flexibly across all trading segments.
- Customers will be availed with smooth trading experience by its web based platform.
- It comes with great set of security features.
- It provides its users with data confidentiality features.
- It comes with real time market watch list features with detailed trading updates.
- The trading platform offers its users with customizable features.
- An investor will able to manage full portfolio management services.
Mangal Trader Application – The mobile Trading Application
It is the one of the best mobile trading platform that offers its with flexible trading options and superfast order placement on the go.
The user need to download the mobile trading application via their official website and simply login using the login ID and password.
Here are the features the mobile trading application comes with:
- It offers all major and necessary trading features and tools.
- It allows the user from trading across all international countries.
- It offers all detailed information about the global trading indices.
- It tracks real-time trading portfolio and trade positions.
- It allows the user to transfer funds using the mobile trading application.
- It offers fast and secure trading experience.
Mangal Keshav Customer Care, Support and Office Addresses
The full service broker offers its consumers with great set of customer communication channels. It mainly includes
- Over phone call
- Offline branches
- Via Emailing
- Web chatting
Customer Care Numbers, Office Addresses, and Helpline Emails and Contact Information.
| Head Office Address | 501, Heritage Plaza, J P Road, Behind D. N. Nagar Metro Station, Andheri (West), Mumbai-400053, Maharashtra | |
| Customer Care Contact Number | +91 22 6190 8000 | |
| Email Ids | For Queries | [email protected] |
| For Compliance | [email protected] |
Mangal Keshav Customer Ratings
| Segments | Ratings |
| Research And Advisory Services | 3.2 Out Of 5.0 |
| Brokerage Charges And Its Plans | 3.1 Out Of 5.0 |
| Product And Services | 3.0 Out Of 5.0 |
| Trading Platforms | 3.2 Out Of 5.0 |
| Customer Trading Experience | 3.0 Out Of 5.0 |
| Overall Ratings | 3.2 Out Of 10.0 |
Mangal Keshav Prices and Charges
Mangal Keshav Account Opening Charges
The below mentioned table provides the detailed information about the charges for opening the trading and DEMAT Account for trading. It also includes annual maintenance charges and minimum margin money needed for trading purpose.
| Segments | Charges for Accounts |
| Account Opening charges (Trading and DEMAT Account) | Rs.250/- |
| DEMAT Account AMC Charges | Rs.300/- per annum |
| Trading Account AMC Charges | Rs.0/- |
| Minimum Margin Money | Rs.10,000 |
| Depository Sources | CDSL & NSDL |
Mangal Keshav Brokerage Charges and Plans
Here are the details of the brokerage charges the financial firms charges from its customers while trading with following segments.
| Segments | Brokerage Charges |
| Equity Options Trading | Rs.100/- per Lot |
| Equity Futures Trading | 0.03% |
| Currency Options Trading | Rs.50/- per Lot |
| Currency Futures Trading | 0.03% |
| Equity Delivery Trading | 0.30% |
| Commodity Trading | 0.03% |
| Equity Intraday Trading | 0.03% |
Mangal Keshav Other Charges
In addition to brokerage fees, the organization levies a certain amount of additional expenses as well as portion of their agreement while buying and selling with them. There are certain charges over which the vendor has almost no hold; these are regulated by the government of India and the Indian stock market Board.
| Segments | Other Charges |
| Transaction Charges | 0.00319% of the Total turnover |
| Stamp Duty Charges | The charges are very minimum and varies from the one state to another |
| Goods and Service Tax | 18% of the total Transaction and Brokerage Charge |
| SEBI Charges | 0.0007% of the total Turnover |
| STT Charges | 0.0112% of the Total Turnover |
Mangal Keshav Margin and Exposure
Mangal Keshav shares provides a bunch of margin and exposure to its consumers to facilitate proper buying and selling with total transparency.
| Segments | Margin or Exposure |
| Equity Options Trading | Up to 2 times leverage is allowed |
| Equity Futures Trading | Up to 2 times leverage is given |
| Currency Options Trading | No exposure is offered |
| Currency Futures Trading | No Margin is offered |
| Equity Delivery Trading | No leverage is offered |
| Commodity Trading | No exposure is offered |
| Equity Intraday Trading | Up to 2 times leverage is offered |
Comparison of Mangal Keshav with Best Brokerage Firms.
Mangal Keshav Comparison with Closet Discount Brokers
| Name of Brokerage Firms | Mangal Keshav | Fyers | Upstox | Stoxkart |
| Broker Service Type | A Full Service based brokerage Company | A Discount Based Brokerage Company | A Discount Based Brokerage Company | A Discount Based Brokerage Company |
| Range of Brokerage | 0.03% to 0.3% | Rs.20/- | Rs.20/- | Rs.15/- |
| Equity Options Trading | Rs.100/- per lot | Rs.20/- | Rs.20/- | Rs.15/- |
| Equity Futures Trading | 0.03% or Rs.0.03/- | Rs.20/- | Rs.20/- | Rs.15/- |
| Currency Options Trading | Rs.30/- per Lot | Rs.20/- | Rs.20/- | Rs.15/- |
| Currency Futures Trading | 0.03% or Rs.0.03/- | Rs.20/- | Rs.20/- | Rs.15/- |
| Equity Delivery Trading | 0.3% or Rs.0.30/- | Rs.0/- | Rs.0/- | Rs.0/- |
| Commodity Trading | 0.03% or Rs.0.03/- | Not Applicable | Rs.20/- | Rs.15/- |
| Equity Intraday Trading | 0.03% or Rs.0.03/- | Rs.20/- | Rs.20/- | Rs.15/- |
| Type of Trading Account | 2 in 1 Account (Trading and DEMAT) | 2 in 1 Account (Trading and DEMAT) | 2 in 1 Account (Trading and DEMAT) | 2 in 1 Account (Trading and DEMAT) |
| Overall Rating | 3.1 out of 5.0 | 4.0 out of 5.0 | 4.3 out of 5.0 | 4.5 out of 5.0 |
Comparison of Mangal Keshav with top Full-Service Brokerage Firms
| Name of Brokerage Firms | Mangal Keshav | Angel Broking | Edelweiss | Sharekhan |
| Broker Service Type | A Full Service based brokerage Company | A Full Service based brokerage Company | A Full Service based brokerage Company | A Full Service based brokerage Company |
| Range of Brokerage | 0.03% to 0.3% | Rs.15/- to Rs.30/- | 0.5% or Rs.10/- | 0.10% to 0.50% |
| Equity Options Trading | Rs.100/- per lot | Rs.30/- | 0.01% or Rs.10/- | Rs.25/- or 2.5% |
| Equity Futures Trading | 0.03% or Rs.0.03/- | Rs.30/- | Rs.10/- or 0.01% | 0.1% or Rs.0.10/- |
| Currency Options Trading | Rs.30/- per Lot | Rs.30/- | Rs.10/- | 2.5% or Rs.25/- |
| Currency Futures Trading | 0.03% or Rs.0.03/- | Rs.30/- | Rs.10/- or 0.01% | Rs.0.10/- or 0.1% |
| Equity Delivery Trading | 0.3% or Rs.0.30/- | Rs.15/- for less than Rs. 50,000/- & Rs.30/- for more than Rs.50,000/- | 0.01% of Rs.10/- | Rs.0.50/- or 0.5% |
| Commodity Trading | 0.03% or Rs.0.03/- | Rs.30/- | Not Applicable | Rs.0.10/- or 0.1% |
| Equity Intraday Trading | 0.03% or Rs.0.03/- | Rs.15/- for less than Rs. 50,000/- & Rs.30/- for more than Rs.50,000/- | 0.01% or Rs.10/- | Rs.0.10/- or 0.1% |
| Type of Trading Account | 2 in 1 Account (Trading and DEMAT) | 2 in 1 Account Facility (DEMAT & Trading) | 2 in 1 Account Facility (DEMAT & Trading) | 2 in 1 Account Facility (DEMAT & Trading) |
| Overall Rating | 3.1 out of 5.0 | 4.3 out of 5.0 | 4.1 out of 5.0 | 4.0 out of 5.0 |
Mangal Keshav Complaints Received at BSE/NSE
The numbers of Mangal Keshav consumer lawsuit collected in the trade exchanges. Mangal Keshav Consumer Complaint analysis allows to know Mangal Keshav Securities Limited’s performance and consistency of customer experience.
| Trade Exchange | Financial Year | Number of Clients | No of Complaints |
| NSE | 2019-20 | 7,500 | 7 |
| BSE | 2019-20 | 3,197 | 4 |
| NSE | 2018-19 | 8,207 | 6 |
| BSE | 2018-19 | 3,781 | 1 |
| NSE | 2017-18 | 9,775 | 3 |
| BSE | 2017-18 | 8,313 | 1 |
| NSE | 2016-17 | 7,713 | 3 |
| BSE | 2016-17 | 7,926 | 1 |
| NSE | 2015-16 | 6,273 | 1 |
| BSE | 2015-16 | 6,060 | 1 |
Mangal Keshav Pros and Cons
Mangal Keshav Pros
- Offers great set of trading services and much more.
- It offers services both nationally and internationally
- It offers services across the all trading platforms including supportive customer services.
- It also offers commodity trading services.
- The broker provides NRI trading facility.
- All the trading platforms offers its users with instant fund transfers facility with over 50+ banks.
- It offers fast normal order placement, aftermarket order and stop loss order
- The broker also offers best quality research reports and market analysis.
Mangal Keshav Cons
- The brokerage Plans is not well planned
- Trading platforms need to be improved
- Poor customer support team
Conclusion
Mangal Keshav is among India’s largest and highly established cash and futures brokering houses.
Mangal Keshav is a well-known brokerage company and has managed its position as the leading due to its policies and procedures.
If they continue to stay the same, they would undoubtedly have a very successful future for the financial industry services.
Mangal Keshav General FAQs
Q1. Does the Mangal Keshav offers its customers with good set of brokerage plans?
Ans. No, Mangal Keshav doesn’t offers its customers with good set of brokerage plans.
Q2. Does the Mangal Keshav offers its customers with good quality of customer service?
Ans. No, Mangal Keshav doesn’t offers its customers with good quality of customer service.
Q3. Does the Mangal Keshav offers its customers with good quality of research reports?
Ans. Yes, Mangal Keshav offers its customers with good quality of research reports.
Q4. Does the Mangal Keshav offers its customers with good quality of market analysis reports?
Ans. Yes, Mangal Keshav offers its customers with good quality of market analysis reports.
Q5. Does the Mangal Keshav offers its customers with fast order placement features?
Ans. Yes, Mangal Keshav offers its customers with fast order placement features.
Q6. Does the Mangal Keshav offers its customers with aftermarket order placement features?
Ans. Yes, Mangal Keshav offers its customers with aftermarket order placement features.
Q7. Does the Mangal Keshav offers its customers with stop loss orders?
Ans. Yes, Mangal Keshav offers its customers with stop loss orders.
Q8. Does the Mangal Keshav offers its customers with instant fund transfer facility?
Ans. Yes, Mangal Keshav offers its customers with instant fund transfer facility.
Q9. Does the Mangal Keshav offers its customers with NRI Trading facility?
Ans. Yes, Mangal Keshav offers its customers with NRI Trading facility.
Q10. Does the Mangal Keshav offers its customers with Commodity Trading facility?
Ans. Yes, Mangal Keshav offers its customers with Commodity Trading facility.
Q11. Does the Mangal Keshav offers its customers with international trading services?
Ans. Yes, Mangal Keshav offers its customers with international trading services.
Q12. Does the Mangal Keshav offers its customers with international trading services?
Ans. Yes, Mangal Keshav offers its customers with international trading services.
Q13. Does the Mangal Keshav offers its customers with Equity Options Trading Exposure?
Ans. Yes, Mangal Keshav offers its customers with Equity Options Trading Exposure.
Q14. Does the Mangal Keshav offers its customers with Equity Futures Trading Exposure?
Ans. Yes, Mangal Keshav offers its customers with Equity Futures Trading Exposure.
Q15. Does the Mangal Keshav offers its customers with Currency Options Trading Exposure?
Ans. Yes, Mangal Keshav offers its customers with Equity Currency Options Trading Exposure.
Q16. Does the Mangal Keshav offers its customers with Currency Futures Trading Exposure?
Ans. No, Mangal Keshav doesn’t offers its customers with Currency Futures Trading Exposure.
Q17. Does the Mangal Keshav offers its customers with Equity Delivery Trading Exposure?
Ans. No, Mangal Keshav doesn’t offers its customers with Equity Delivery Trading Exposure.
Q18. Does the Mangal Keshav offers its customers with Commodity Trading Exposure?
Ans. No, Mangal Keshav doesn’t offers its customers with Commodity Trading Exposure.
Q19. Does the Mangal Keshav offers its customers with Equity Intraday Trading Exposure?
Ans. Yes, Mangal Keshav offers its customers with Equity Intraday Trading Exposure.
Q20. Does the Mangal Keshav imposes charges on its customers for STT?
Ans. Yes, Mangal Keshav imposes charges on its customers for STT.
Q21. Does the Mangal Keshav imposes charges on its customers for SEBI?
Ans. Yes, Mangal Keshav imposes charges on its customers for SEBI.
Q22. Does the Mangal Keshav imposes charges on its customers for Goods and Service Tax?
Ans. Yes, Mangal Keshav imposes charges on its customers for Goods and Service Tax.
Q23. Does the Mangal Keshav imposes charges on its customers for Stamp Duty Charges?
Ans. Yes, Mangal Keshav imposes charges on its customers for Stamp Duty Charges.
Q24. Does the Mangal Keshav imposes charges on its customers for Transactions?
Ans. Yes, Mangal Keshav imposes charges on its customers for Transactions.
Q25. Does the Mangal Keshav imposes Brokerage charges on its customers for Equity Options Trading?
Ans. Yes, Mangal Keshav imposes Brokerage charges on its customers for Equity Options Trading.
Q26. Does the Mangal Keshav imposes Brokerage charges on its customers for Currency Options Trading?
Ans. Yes, Mangal Keshav imposes Brokerage charges on its customers for Currency Options Trading.
Q27. Does the Mangal Keshav imposes Brokerage charges on its customers for Equity Futures Trading?
Ans. Yes, Mangal Keshav imposes Brokerage charges on its customers for Equity Futures Trading.
Q28. Does the Mangal Keshav imposes Brokerage charges on its customers for Currency Futures Trading?
Ans. Yes, Mangal Keshav imposes Brokerage charges on its customers for Currency Futures Trading.
Q29. Does the Mangal Keshav imposes Brokerage charges on its customers for Equity Delivery Trading?
Ans. Yes, Mangal Keshav imposes Brokerage charges on its customers for Equity Delivery Trading.
Q30. Does the Mangal Keshav imposes Brokerage charges on its customers for Commodity Trading?
Ans. Yes, Mangal Keshav imposes Brokerage charges on its customers for Commodity Trading.
Q31. Does the Mangal Keshav imposes Brokerage charges on its customers for Equity Intraday Trading?
Ans. Yes, Mangal Keshav imposes Brokerage charges on its customers for Equity Intraday Trading.
Q32. Does the Mangal Keshav imposes Account Opening charges on its customers for Trading Account?
Ans. Yes, Mangal Keshav imposes Account Opening charges on its customers for Trading Account.
Q33. Does the Mangal Keshav imposes Account Opening charges on its customers for DEMAT Account?
Ans. Yes, Mangal Keshav imposes Account Opening charges on its customers for DEMAT Account.
Q34. Does the Mangal Keshav imposes Account maintenance charges on its customers for Trading Account?
Ans. No, Mangal Keshav doesn’t imposes Account maintenance charges on its customers for Trading Account.
Q35. Does the Mangal Keshav imposes Account maintenance charges on its customers for DEMAT Account?
Ans. Yes, Mangal Keshav imposes Account maintenance charges on its customers for DEMAT Account.
Q36. Does the Mangal Keshav imposes Minimum Margin money on its customers for Trading?
Ans. No, Mangal Keshav doesn’t imposes Minimum margin Money on its customers for Trading.
Q37. Does the Mangal Keshav offers its customers with fast trading features?
Ans. Yes, Mangal Keshav offers its customers with fast trading features.
Q38. Does the Mangal Keshav offers its customers with secured trading features?
Ans. Yes, Mangal Keshav offers its customers with secured trading features.
Q39. Does the Mangal Keshav offers its customers with portfolio management features?
Ans. Yes, Mangal Keshav offers its customers with portfolio management features.
Q40. Does the Mangal Keshav offers its customers with trade position features?
Ans. Yes, Mangal Keshav offers its customers with trade position features.
Q41. Does the Mangal Keshav offers its customers with fast trading indices?
Ans. Yes, Mangal Keshav offers its customers with global trading indices.
Q42. Does the Mangal Keshav offers its customers with all necessary trading features?
Ans. Yes, Mangal Keshav offers its customers with all necessary trading features.
Q43. Does the Mangal Keshav offers its customers with fast trading tools?
Ans. Yes, Mangal Keshav offers its customers with fast trading tools.
Q44. Does the Mangal Keshav offers its customers with customisable trading features?
Ans. Yes, Mangal Keshav offers its customers with customisable trading features.
Q45. Does the Mangal Keshav offers its customers with data confidentiality features?
Ans. Yes, Mangal Keshav offers its customers with data confidentiality features.
Q46. Does the Mangal Keshav offers its customers with web based trading features?
Ans. Yes, Mangal Keshav offers its customers with web based trading features.
Q47. Does the Mangal Keshav offers its customers with market watch list features?
Ans. Yes, Mangal Keshav offers its customers with market watch list features.
Q48. Does the Mangal Keshav offers its customers with basket trading features?
Ans. Yes, Mangal Keshav offers its customers with basket trading features.
Q49. Does the Mangal Keshav offers its customers with bulk order trading features?
Ans. Yes, Mangal Keshav offers its customers with bulk order trading features.
Q50. Does the Mangal Keshav offers its customers with mutual funds investment features?
Ans. Yes, Mangal Keshav offers its customers with mutual funds investment features.
