Upstox Vs Aditya Birla Capital – Comparison:
Comparing Upstox vs Aditya Birla Capital in terms of all product-wise details which are essential for every investor we get the detailed study. In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.
Upstox is a discount brokerage firm established in 2009 at Mumbai. Formerly it was known as RKSV Securities. This organization is known for its range of trading platform offerings and a wide range of products and services.
Conversely, Aditya Birla Capital (Money) started its operations in the year 2009. It deals with derivatives and equity market with NSE & BSE and through MCX it trades into currency. Currently having more than 800 branches across India it offers all possible investing opportunities.
- Zero brokerage fee on equity delivery trading
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
Aditya Birla Capital:
- DEMAT & Trading Account opening is free of cost.
- Facilitates customers to transfer funds to 11 renowned banks.
- Aditya Birla Capital offers its customers a dedicated relationship manager.
- Call & trade facility is free.
- Aditya Birla Capital is also famous for its market research work.
- They also offer instant account opening facilities for KRA compliance clients.
Comparison of Organisational Overview:
In terms of organizational overview, we here have compared Upstox vs Aditya Birla Capital based on company type, broker category, establishment year, etc.
|Overview||Upstox||Aditya Birla Money|
|Broker Category||Discount Broker||Full-Service Broker|
|Head office||Mumbai, India||Mumbai, Maharashtra|
Ravi Kumar &
|Kumar Mangalam Birla|
Comparison on Customer Ratings:
Considering the customer ratings we have compared Upstox and Aditya Birla capital as here below. We can derive from the below table that Upstox is backward in experience and research reporting. Whereas in remaining fields like trading platforms and charges Aditya Birla Capital is lacking the points.
|Customer Ratings||Upstox||Aditya Birla Money|
|Products & Services||6.5/10||6.5/10|
|Brokerage Charges & Fees||9.5/10||5.9/10|
|Stock Research & Advisory||3.0/10||6.0/10|
Upstox Vs Aditya Birla Capital AOC & AMC:
Comparing Upstox and Aditya Birla Money based on AOC & AMC we get the below details. Here we can see trading AMC is only free at Upstox but Aditya Birla Capital offers both DEMAT & trading AMC for free.
|Demat Services||Upstox||Aditya Birla Money|
|Depository Source||CDSL||CDSL & NSDL|
|Account Opening Charges||Rs.150||Rs.750|
|Demat AMC Charges||Rs.150 per Annum||Free|
|Trading AMC Charges||Free||Free|
|Offline to Online||✖||✔|
Comparison of Brokerage Charges:
Aditya Birla Money & Upstox is hereby compared based on their brokerage fee structure. Aditya Birla Capital offers a percentage-based brokerage charge structure & minimum brokerage charge to their customer. Whereas, Upstox charges a flat fee-based brokerage fee & minimum brokerage charge.
|Brokerage Charge & Fees||Upstox Brokerage||Aditya Birla |
|Equity Delivery Trading||Zero||0.30%|
|Equity Intraday Trading||Rs.20||0.03%|
|Commodity Options Trading||Rs.20||0.03%|
|Equity Futures Trading||Rs.20||0.03%|
|Equity Options Trading||Rs.20 per lot||Rs.50 per lot|
|Currency Futures Trading||Rs.20||0.03%|
|Currency Options Trading||Rs.20 per lot||Rs.20 per lot|
|Minimum Brokerage||Rs.20||Rs.20 per executed order|
|Demat AMC Charges||Rs.150 per annum||Free|
|Trading AMC Charges||Free||Free|
Compare on Other Charges:
Comparing Aditya Birla Money vs Upstox based on other charges we get this below-mentioned information. Here we can see that charges of Aditya Birla capital & Upstox are similar except transaction charge criteria.
|Other Charges||Upstox||Aditya Birla Money|
|Transaction Charges||0.00275% of Total Turnover||0.00320% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparison of Offers & Discount:
Considering the offers and discount we have compared Upstox and Aditya Birla Capital as below. Some offers or discounts can be beneficial for you. You should the organization with your required facilities.
|Offers||Upstox||Aditya Birla Money|
|Free Demat Account||✖||✔|
|Free Trading Account||✔||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✔|
|1 Month Brokerage Free||✖||✖|
|Zero Brokerage for Loss Making Trades||✖||✖|
Comparison on Services Offered:
Based on service offering we can compare Upstox vs Aditya Birla Money as below. There are so many services offered by both of them like Demat account, trading services, Intraday services, etc.
|Services||Upstox||Aditya Birla Money|
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 20x||Maximum 15X|
Upstox Vs Aditya Birla Capital Research & Advisory:
We here have compared Aditya Birla Capital vs Upstox based on the research and advisory support. It is clear from the below table that Upstox doesn’t offer such support whereas Aditya Birla Capital offers plenty of reports to their customer.
|Research & Advisory||Upstox||Aditya Birla Money|
|Fundamental Reports Service||✖||✔|
|Research Reports Service||✖||✔|
|Company Reports Service||✖||✔|
|Annual Reports Service||✖||✖|
|Company Stock Review Service||✖||✖|
|Free Stock Tips Service||✖||✔|
|IPO Reports Service||✖||✔|
|Top Picks Service||✖||✔|
|Daily Market Review Service||✖||✔|
|Monthly Reports Service||✖||✔|
|Weekly Reports Service||✖||✔|
|Offline Advisory Service||✖||✔|
|Relationship Manager Service||✖||✔|
Comparison of Leverage:
Considering Aditya Birla Money & Upstox based on leverages we received the below-mentioned information. Almost most of the margin charges like equity delivery margin, equity intraday margin, equity options, are different in these companies.
|Exposure / Leverage||Upstox||Aditya Birla Money|
|Equity Delivery||Maximum 5x||Maximum 5X|
|Equity Intraday||Maximum 20x||Maximum 15X|
|Equity Futures||Maximum 7x||Maximum 4X|
|Equity Options||Maximum 8x||Maximum 8X|
|Currency Futures||Maximum 5x||Maximum 3X|
|Currency Options||Maximum 6x||Maximum 3X|
|Commodities||Maximum 7x||Maximum 2X|
Comparison on Products Offering:
In light of product offering, we get this below information comparing Aditya Birla Money vs Upstox. We can see in the below table that the product offering of Aditya Birla Capital is higher than the offering of Upstox.
|Products||Upstox||Aditya Birla Money|
Comparison on Trading Platform:
The trading medium is nowadays a very significant point for investors to consider. In this age of technology, investors used to invest online as per their convenience. Aditya Birla Money & Upstox both facilitate different trading terminals to attract the customer. Here we have compared the above both brokers.
|Trading Platforms||Upstox||Aditya Birla Money|
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✔|
|Desktop Browser Platform||✔||✔|
|Mobile Site Platform||✔||✔|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✖|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✔|
Comparison on Customer Support:
Comparing Aditya Birla Money vs Upstox based on customer support we derived this below information. Here we can see that personal dealer & offline trading is available in Aditya Birla Money but Upstox doesn’t have that service.
|Customer Support||Upstox||Aditya Birla Money|
Also Read: Aditya Birla Margin Calculator Online
Comparison on Grievances Handled:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Aditya Birla Capital vs Upstox based on their customer complaint handling in the below table.
|Complaints (Current Year)||Upstox||Aditya Birla Money|
|Lodged in BSE||185||236|
|Resolved in BSE||126||230|
|Lodged in NSE||175||325|
|Resolved in NSE||139||316|
Finally, we can conclude that both Upstox and Aditya Birla Capital are famous in the stockbroking market but both have their benefit as well as limitations. Hence it is uncontrollable to consider one good and other one bad. The trader should select the broker between Upstox vs Aditya Birla Capital, keeping in mind his personal preference and requirements