NJ wealth Review
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NJ Wealth is India’s one of the oldest full-service financial firms offering a variety of financial products with advisory and distribution services. It came into existence in the year 2003 with its headquarters in the city Surat of Gujarat. Mr. Neeraj Choksi and Jignesh Desai are the men behind the NJ Group.
The main motive of NJ Wealth Pvt. Ltd is to provide empowerment for every single individual via its investment services. The Broker offers a wide network to avail services to its clients.
At present, the broker manages to offers 33 thousand network franchises across the country. NJ Wealth holds more than 100 offline branches to offers the best offline services to its customers.
As per reports given by NJ Wealth, we came to know that the broker holds 15,350 active investors for the FY 2019 to 2020.
As per NJ Wealth review and its financial investment services, Products and PMS. The broker is divided into 2 operational segments:
- NJ Fundz Network – It mainly offers dedicated and independent financial services with additional advisory benefits. The team consists of experienced advisors to provide support to their clients. The support covers all the products, investment services fall under the financial segments.
- NJ Wealth Advisors – This segment only handles the Portfolio management services and other financial planning to its valuable customers. The team only operates when there is an urgent need for financial advisory service and offers a unique investment solution to its users.
Apart from that the Financial Firm holds registered membership with CDSL as a Depository Participant and provides advisory services like a variety of investment products including:
- Mutual Funds
- Equity trading
- Fixed Deposits
- Government Bonds
- Infrastructure Bonds
- Approved Securities for charitable trusts
- Stock market certification courses
The full Service Stock Broker provides a variety of trading platforms for the best profitable gain for its clients. As every trading platform comes with some good features as well as bad ones too.
Let’s discuss them in details:
NJ Wealth WEB Platform – NJ Client Desk
NJ Wealth offers the best online trading platform named NJ Client Desk. It is a web browser-based trading platform without the hassle of downloading and installation of software.
It allows the user with true access to the PMS including IPO investment, ETPs, mutual funds investment and many more.
The platform allows the user to deal with all trading and investment services including redemption, purchase, switch transaction, SIP transaction, SIP registration, and SWP transactions.
Some Best Features of NJ Client Desk:
- High responsive trading platform.
- It can be accessed by any of the devices including computers and smartphones.
- No requirements of physical signatures for transactions.
- Multiple payment options both secured and convenient.
- Additional comprehensive reports for tracking transactions.
- SIP investments allowed from anywhere anytime.
NJ Wealth Mobile Platform – NJ E-Wealth App
NJ Wealth offers all types of trading platforms including mobile-based trading applications. It helps the user to trade in a well-secured trade and perform transactions on the go.
The traders are allowed to manage the transaction reports and create their trade portfolio.
The application is well optimized and integrated with 2-way encrypted authentication processes. Well, it also comes with few issues like User interface and User Friendliness.
Some best features of NJ E-Wealth App:
- Checking Of valuation Reports.
- Net Worth Management
- Availability of last 10 Transactions
- P&L Reports
NJ wealth Research Report And Advisory Trading Tips
NJ Wealth is India’s one of the oldest players in provides the best Mutual Funds investment schemes. The firm holds a dedicated research team of professionals to offers the best research reports and suggestions on investments.
The tips and investment suggestions are then availed to its clients to help them taking correct decisions.
Here are some Research Reports mentioned that NJ Wealth offers to its Clients:
- Fundamental Reports
- Technical Research Reports
- Annual Research Reports
- Company Based Reports
- Real-Time Stock Reports
- Daily Basis Stock Tips
- Analysis Reports On IPOs
- Weekly Trade Reports
- Monthly Research Reports
- Detailed Market Reviews On Daily Basis.
Also, NJ Wealth offers a Relationship manager for real-time interactions to resolve the doubts or grievances and helps the clients to deal effectively.
NJ wealth Customer Care, Support and Office Addresses
The users are allowed to communicate with the company for resolving the issues or grievances via the below-mentioned communication channels.
- Depository Helpdesk
- Via Email
- Over Phone
- Offline branches
The broker claims to offer very prompt and strict services and ensure the quality of products and Services. The charges and processes are fixed as per standard for a well-defined trade structure to be taken seriously. The services are maintained via experienced well-trained officials.
Corporate Address, Contact numbers, Helpline Email IDs and much more.
|Corporate Address||NJ India Invest Pvt. Ltd.|
BLOCK NO.901 & 902,
6TH FLOOR, ‘B’ TOWER,
UDHNA UDYOG NAGAR SANGH COMMERCIAL COMPLEX,
CENTRAL ROAD NO. 10, UDHNA,SURAT – 394210
|Contact Number||0261- 4025000|
|FAX Number||0261- 3985880|
|Email ID||[email protected]|
|For partnership with NJ Wealth||SMS: “NJW” to 92233 40000|
|NJ Wealth Partner||Toll-Free No.|
Non-Toll Free No.
|Customer Care number for Trading And DEMAT Account||Toll-Free No.|
Non-Toll Free No.
NJ wealth Customer Ratings
The NJ Wealth rating is based on customer reviews and feedbacks. We had summarized the whole information in the form of a rating for better understandability.
|Services And Products||6.8 out of 10|
|Trading Platforms||6.8 out of 10|
|Experience||6.8 out of 10|
|Brokerage Charges And Other Fees||6.6 out of 10|
|Research Reports And Advisory||6.4 out of 10|
|Overall Ratings||6.6 out of 10|
NJ Wealth Prices and Charges
All brokers charge more all less charges for account opening charges, brokerage charges, and other additional charges. However, it keeps on changing with time and from one broker to another. So let’s check out all the charges of NJ Wealth in detail.
NJ Wealth Account Opening Charges
Here is the detailed charge list of NJ Wealth for account opening and others:
|Account Opening both for Trading and DEMAT Account||Rs.300|
|AMC for Trading Account||Rs. 250 yearly|
|AMC for DEMAT Account||NIL|
|Depository Sources||NSDL and CDSL|
|Minimum Margin Money||Rs.3000|
|Offline to Online Trade||Available|
The firm charges Rs 300 as Account Opening charges for DEMAT and Trading. The AMC Charge of Trading Account is Rs, 250 whereas the AMC for DEMAT Account is free of cost.
Also, NJ Wealth holds DP sources with NSDL and CDSL and the user must maintain a minimum Margin Money of Rs. 3000.
NJ wealth Brokerage Charges and Plans
Here is the Brokerage rate of NJ Wealth imposes on its customers. The charges are totally percentage-based and depend on the type of trade.
|Trade Segments||Brokerage Charges|
|Equity Intraday||0.01% to 0.02%|
|Equity Options||Rs. 10/Lot to Rs. 20/Lot|
|Equity Futures||0.01% to 0.02%|
|Equity Delivery||0.1% to 0.2%|
|Commodity trading||0.01% to 0.02%|
|Currency Options||Rs. 10/Lot to Rs. 20/Lot|
|Currency Futures||0.01% to 0.02%|
The full-service Stock Broker charges 0.01% to 0.02% for Equity Intraday Trading, Equity Futures, Commodity trading, and Currency Futures. For Currency Options and Equity Options, the Broker Charges Rs. 10/Lot to Rs. 20/Lot. Lastly for Equity Delivery, the broker charges 0.1% to 0.2%.
NJ wealth Other Charges
The field of Trading includes brokerage charges and account opening charges. However, it also includes other additional charges mentioned below:
|GST Charge||18% of (Brokerage + Transaction Charges)|
|STT||0.0126% of Total Turnover|
|Stamp Duty Fees||Depends on State (very minimal)|
|SEBI Turnover Charges for trade||0.0002% of Total Turnover|
|Transaction Charges for trade||0.00325%|
The broker charges 0.00325% as transaction charges, 0.0002% of Total Turnover as SEBI Turnover Charges, STT Charges of 0.0126%. The stamp Duty Charges are very nominal and 18% additional charge for GST.
NJ wealth Margin and Exposure
The broker provides a variety of exposure to its clients based on the type of trade performed. Let’s check the margin offering of NJ Wealth:
|Segments||Margin of Exposure|
|Equity Futures||Up to 4x times leverage|
|Equity Delivery||The margin of up to 2 times|
|Equity Intraday||Exposure up to 7 times|
|Equity Options||Up to 5x margin|
|Commodities||3 times Exposure|
|Currency Futures||No leverage provided|
|Currency options||Only 3 times Exposure available.|
The stockbroker allows up to 4 times leverage on Equity Futures, 2 times on Equity Delivery, 7 times for Equity Intraday and 5x exposure for Equity Options.
Lastly, for Commodities and Currency Options, the broker allows only 3 times leverage and no leverage for Currency Futures
NJ wealth Comparison with its Closest Competitor.
NJ wealth Comparison With Closet Discount Brokers
|Service Type||Private Full Service Brokerage Firm||Online Discount Stock Broker||Online Discount Stock Broker||Online Discount Stock Broker|
|Brokerage Range||0.01% to 0.2% or Rs. 10 to Rs. 20 per lot||A fixed charge of Rs. 10||A fixed charge of Rs. 20||A fixed charge of Rs. 20|
|Account Type||2 in 1 (DEMAT and Trading)||2 in 1 (Trading and DEMAT)||2 in 1 (Trading and DEMAT)||2 in 1 (Trading and DEMAT)|
|Equity Delivery||0.1% – 0.2%||Rs. 10 (Fixed)||Rs. 0||Rs. 0 or no charge|
|Equity Intraday||0.01% – 0.02%||Fixed charge of Rs. 10||Rs. 20 or 0.01% (lowest will be preferred)||Rs. 20 or 0.01% (lowest will be preferred)|
|Equity Futures||0.01% – 0.02%||Rs. 10 (Fixed)||Rs. 20 or 0.01% (lowest will be preferred)||Rs. 20 or 0.01% (lowest will be preferred)|
|Equity Options||Rs.10 – Rs.20 per Lot||Rs. 10 (Fixed)||Rs. 20 (Fixed)||Rs. 20 (Fixed)|
|Commodity||0.01% – 0.02%||Rs. 10 (Fixed)||Rs. 20 (Fixed)||Rs. 20 (Fixed)|
|Currency futures||0.01% – 0.02%||Rs. 10 (Fixed)||Rs. 20 or 0.01% (lowest will be preferred)||Rs. 20 or 0.01% (lowest will be preferred)|
|CurrencyOptions||Rs.10 – Rs.20 per Lot||Rs. 10 (Fixed)||Rs. 20 (Fixed)||Rs. 20 (Fixed)|
NJ wealth Comparison with Closet Full Service Broker.
|Broker||NJ Wealth||Sharekhan Online Trading||Angel broking online trade||Edelweiss financial service Ltd|
|Service Type||Private Full Service Brokerage Firm||The financial firm offers full-service broking||The financial firm offers full-service broking||The financial firm offers full-service broking|
|Brokerage Range||0.01% to 0.2% or Rs. 10 to Rs. 20 per lot||The percentage ranging from 0.10 percent to 0.50 percent based on trade order||Varies from Rs. 15 to Rs.30 depending upon the segment||Varies from Rs. 10 to 0.5% depending upon the segment|
|Account Type||2 in 1 (DEMAT and Trading)||2 in 1 (Trading and DEMAT)||2 in 1(Trading and DEMAT)||2 in 1 (Trading and DEMAT)|
|Equity Delivery||0.1% – 0.2%||0.5% or 50 paise (lowest will be considered)||If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged||Rs.10 or 0.01% (lowest will be considered)|
|Equity Intraday||0.01% – 0.02%||0.1% or 10 paisa (lowest will be considered)||If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged||Rs.10 or 0.01% (lowest will be considered)|
|Equity Futures||0.01% – 0.02%||0.1% or 10 paisa (lowest will be considered)||Rs. 30 (fixed Charge)||Rs.10 or 0.01% (lowest will be considered)|
|Equity Options||Rs.10 – Rs.20 per Lot||Rs. 250 only or 2.5 percent of the premium (higher value will be considered)||Rs. 30 (fixed Charge)||Rs. 10 (fixed Charge)|
|Commodity||0.01% – 0.02%||The charge varies from 0.1 percent or Rs. 0.10 (lowest will be considered)||Rs. 30 (fixed Charge)||Not Applicable|
|Currency Futures||0.01% – 0.02%||0.1% or Rs. 0.10 (lowest will be considered)||Rs. 30 (fixed Charge)||Rs.10 or 0.01% (lowest will be considered)|
|Currency Options||Rs.10 – Rs.20 per Lot||Rs. 250 only or 2.5 percent of the premium (higher value will be considered)||Rs. 30 (fixed Charge)||Rs. 10 (fixed charge)|
|Rating||3.3 out of 5||4.0 out of 5||4.3 out of 5||4.1 out of 5|
NJ wealth Complaints received at BSE/NSE
The list of complaints raised against the Broker is mentioned below. However, the complaints are very less that resembles that the investors are very much satisfied with the services and products offered by the broker.
|Trade Exchanges||Number of Complaints|
|Lodged in BSE|
|Resolved in BSE|
|Lodged In NSE||7|
|Resolved in NSE||7|
|Percentage of Complaints based on Active Customers||0.33 percent only|
NJ wealth Merits And Demerits
NJ wealth Merits
- The service coverage of NJ Wealth login is well managed across the country via its franchise services.
- The transactions are fast and secure to safeguard every single penny invested.
- The broker is best for its Mutual Funds investment schemes and policies.
NJ wealth Demerits
- Investment is only limited up to mutual funds schemes only.
- Only on-demand stock trading is allowed by the broker.
- The firm fails in offering broking services and assistance related to stocks.
NJ Wealth is popular for its full-service broking most importantly for its research reports and advisory support with dedicated relationship managers.
They mainly offer physical guidance for trading and customer assistance. The daily stock reports offer good help to its clients for cracking the profitable deal.
The brand value is very well managed and established with the best trustworthy broker in the industry.
The best part is of the financial firm is that they have a dedicated experienced team of experts and professional analysts to help the client in each trade placement.
Q1. Does NJ Wealth offer Weekly Trade Reports?
Ans. Yes, Weekly Trade reports are offered by NJ Wealth.
Q2. Does NJ Wealth offer Monthly Research Trade Reports?
Ans. Yes, NJ Wealth offers Monthly Research Trade Reports.
Q3. Does NJ Wealth offer Detailed market Reviews to its Users?
Ans. Yes, detailed market reviews are available with NJ Wealth.
Q4. Is there any facility to contact the customer support team via Email?
Ans. Yes, NJ Wealth allows its clients to contact via Email to its customer support team.
Q5. Does NJ Wealth allow its clients to use the FAX facility for resolving issues?
Ans. Yes, NJ Wealth allows its clients to use the FAX facility for resolving issues.