Upstox Vs Arihant Capital – Comparison:
Comparing Upstox vs Arihant 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.
Full-service broking organization Arihant Capital started its journey in 1992 in a relationship with NSE & BSE. It facilitates trading in equity, commodity, and forex with its tech-oriented trading platform. Currently, they are having more than 150 branches around different cities in India.
Notable Features:
Upstox:
- 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.
Arihant Capital:
- Offers all possible resource possibilities and capital products.
- Focused on facilitating commodity trading.
- Minimum brokerage on trading – INR. 20/-
- Facilitate investors to transfer funds to 25 banks.
- Provisions automated trading.
Overall Broker Details:
Comparing Upstox vs Arihant Capital based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.
Overview | Upstox | Arihant Capital |
Organization Type | Private | Public |
Broker Category | Discount Broker | Full-Service Broker |
Originated from | Mumbai, India | Mumbai, Maharashtra |
Founder | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath | Ashok Kumar Jain |
Commencement Year | 2009 | 1992 |
Comparison on Customer Ratings:
Comparing Upstox vs Arihant Capital based on Customer Ratings we get this information. Here we can see that in terms of experience & research-advisory Arihant Capital is better than Upstox. Whereas, in terms of product-services, Brokerage Charge & trading platform Upstox is leading the chart.
Customer Ratings | Upstox | Arihant Capital |
Experience | 5.3 out of 10 | 6.2 out of 10 |
Products & Services | 6.5 out of 10 | 6.5 out of 10 |
Brokerage Charges & Fees | 9.5 out of 10 | 6.1 out of 10 |
Stock Research & Advisory | 3.0 out of 10 | 6.5 out of 10 |
Trading Platforms | 6.5 out of 10 | 6.2 out of 10 |
Overall Ratings | 6.2 out of 10 | 6.3 out of 10 |
Star Ratings | ★★★☆☆ | ★★★☆☆ |
Upstox Vs Arihant Capital AOC & AMC:
Here we have compared Upstox vs Arihant Capital based on account opening charge & account maintenance charge. Here we can see from the below contrast that Upstox provides free AMC on trading. While Arihant Capital provides free account opening and free trading AMC.
DEMAT Services | Upstox | Arihant Capital |
Depository Source | CDSL | CDSL & NSDL |
Account Opening Charges | Rs.150 | Free |
DEMAT AMC Charges | Rs.150 per Annum | Rs.362 per Annum |
Trading AMC Charges | Free | Free |
Margin Money | Zero | Rs.10,000 |
Offline to Online | ✖ | ✔ |
Compare Brokerage Charge:
Contrasting Upstox vs Arihant Capital based on Brokerage Charge we get the below details. Here we can see that Arihant Capital offers a percentage based brokerage charge structure. While Upstox offers a flat fee-based brokerage plan. Both brokers charge a minimum brokerage charge of INR. 20 per executed order.
Brokerage Charge & Fees | Upstox Brokerage | Arihant Capital Brokerage |
Equity Delivery Trading | Zero | 0.20% |
Equity Intraday Trading | Rs.20 | 0.03% |
Commodity Options Trading | Rs.20 | NA |
Equity Futures Trading | Rs.20 | 0.02% |
Equity Options Trading | Rs.20 per lot | Rs.10 per lot |
Currency Futures Trading | Rs.20 | 0.02% |
Currency Options Trading | Rs.20 per lot | Rs.10 per lot |
Minimum Brokerage | Rs.20 | Rs.20 per executed order |
DEMAT AMC Charges | Rs.150 per annum | Rs.362 |
Trading AMC Charges | Free | Free |
Margin Money | Zero | Rs.10,000 |
Comparison on Administrative Charges:
In terms of Administrative transactional charge, we here compared Upstox vs Arihant Capital as below. Other than transaction charge all the other criteria are similar. In terms of transaction charge, the %charge of Arihant Capital is more than Upstox.
Other Charges | Upstox | Arihant Capital |
Transaction Charges | 0.00275% of Total Turnover | 0.00290% 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 on Offers:
Contrasting Upstox vs Arihant Capital we get the below comparison on offers. We here can see that in terms of offers Arihant Capital is a step ahead of Upstox for offering more offers.
Offers | Upstox | Arihant Capital |
Free DEMAT Account | ✖ | ✖ |
Free Trading Account | ✔ | ✔ |
Discount on Brokerage | ✔ | ✔ |
Trading Happy Hours | ✖ | ✖ |
Flexible Brokerage Plans | ✖ | ✔ |
1 Month Brokerage Free | ✖ | ✖ |
Holiday Offers | ✖ | ✔ |
Referral Offers | ✖ | ✖ |
Zero Brokerage for Loss Making Trades | ✖ | ✖ |
Comparison on Services Offered:
Assessing Upstox vs Arihant Capital based on their service offering we derived the below comparison. Different services like Demat services, trading services, IPO services, PMS are provided by these trading organizations.
Services | Upstox | Arihant Capital |
DEMAT Services | ✔ | ✔ |
Trading Services | ✔ | ✔ |
3 in 1 Account | ✖ | ✖ |
Intraday Services | ✔ | ✔ |
IPO Services | ✔ | ✔ |
Stock Recommendations | ✖ | ✔ |
Robotic Advisory | ✔ | ✖ |
PMS | ✖ | ✖ |
Trading Institution | ✖ | ✖ |
Trading Exposure | Maximum 20x | Maximum 10X |
Comparison on Research & Advisory:
Contrasting Upstox vs Arihant Capital based on their research & advisory offering we received the below comparison. Here we can see in the below table that Upstox doesn’t offer any research information. But Arihant Capital offers some of the research information to the investors.
Research & Advisory | Upstox | Arihant Capital |
Fundamental Reports | ✖ | ✖ |
Research Reports | ✖ | ✔ |
Company Reports | ✖ | ✖ |
Annual Reports | ✖ | ✖ |
Company Stock Review | ✖ | ✖ |
Free Stock Tips | ✖ | ✔ |
IPO Reports | ✖ | ✔ |
Top Picks | ✖ | ✔ |
Daily Market Review | ✖ | ✔ |
Monthly Reports | ✖ | ✖ |
Weekly Reports | ✖ | ✔ |
Offline Advisory | ✖ | ✔ |
Relationship Manager | ✖ | ✔ |
Upstox Vs Arihant Capital Leverage:
Considering Upstox vs Arihant Capital based on product-wise leverage we get the below details. These leverage charges can influence your annual trading revenue. Almost all the charges are different for these companies. It includes equity delivery, equity intraday, commodities, currency futures, etc.
Exposure / Leverage | Upstox | Arihant Capital |
Equity Delivery | Maximum 5x | Maximum 4X |
Equity Intraday | Maximum 20x | Maximum 10X |
Equity Futures | Maximum 7x | Maximum 3X |
Equity Options | Maximum 8x | Maximum 5X |
Currency Futures | Maximum 5x | Maximum 2X |
Currency Options | Maximum 6x | Maximum 2X |
Commodities | Maximum 7x | Maximum 3X |
Comparison on Products:
Comparing Upstox vs Arihant Capital based on their product offering we derived the below comparison. We can see in this below comparison that trading in mutual fund & SIP is not offered by Upstox but by Arihant Capital.
Products | Upstox | Arihant Capital |
Equity Trading | ✔ | ✔ |
Commodity Trading | ✖ | ✖ |
Currency Trading | ✔ | ✔ |
Options | ✔ | ✔ |
Futures | ✔ | ✔ |
Mutual Funds | ✖ | ✔ |
Forex | ✖ | ✖ |
Banking | ✖ | ✖ |
SIP | ✖ | ✔ |
Insurance | ✖ | ✖ |
Comparison on Trading Platforms:
Because of the trading terminal offering of Upstox vs Arihant Capital, we compared them as below. These platforms increase the usability of your trading account. Different trading platforms like desktop platform(windows), desltop platform(mac), IOS app platform, windows app platform and much more are offered by these organizations.
Trading Platforms | Upstox | Arihant Capital |
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 | ✖ | ✖ |
Real-time Updates | ✔ | ✔ |
Portfolio Details | ✔ | ✔ |
Online MF Buy | ✔ | ✔ |
News Flash | ✔ | ✔ |
Research Reports | ✔ | ✖ |
Easy Installation | ✔ | ✔ |
Global Indices | ✔ | ✔ |
Stock Tips | ✔ | ✖ |
Personalized Advisory | ✔ | ✖ |
Interactive Charts | ✔ | ✔ |
Live Markets | ✔ | ✔ |
SMS Alerts | ✔ | ✖ |
Email Alerts | ✔ | ✔ |
Multi-Account Management | ✔ | ✖ |
Comparison on Customer Support:
In light of customer assistance, we here have compared Upstox vs Arihant Capital as below. Both the broker offers similar paths for their customer to assist them. This comparative table can lead you to the better option.
Customer Support | Upstox | Arihant Capital |
Dedicated Dealer | ✖ | ✔ |
Offline Trading | ✖ | ✔ |
Online Trading | ✔ | ✔ |
24*7 Support | ✖ | ✖ |
Email Support | ✔ | ✔ |
Chat Support | ✖ | ✖ |
Toll-Free Number | ✖ | ✖ |
Branches | Zero | 150 |
Comparison on Customer Grievances:
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 Upstox vs Arihant Capital based on their customer complaint handling in the below table.
Complaints (Current Year) | Upstox | Arihant Capital |
Lodged in BSE | 185 | 52 |
Resolved in BSE | 126 | 50 |
Lodged in NSE | 175 | 74 |
Resolved in NSE | 139 | 69 |
Conclusion:
Finally, we can say that discount broker Upstox has a huge offering for its customers. But full-service broker Arihant Capital offers more than Upstox. Still, it should be kept in mind that individual investors should opt the broker between Upstox and Arihant Capital as per his need only.