Upstox Vs Geojit – Comparison Review
Upstox Vs Geojit – A comparative study where it is focused on the pros and cons of both Upstox and Geojit Finance. The following study below will enlighten and help an investor to analyze for a better decision-making ability to choose between Upstox or Geojit.
Founded by CJ George in 1986, Geojit Financial Services Ltd. emerged as an investment services company that has its head office in Kochi, Kerala, has its network in India and the Middle East.
It is the first Indian company to start online trading with a franchise model of sub-broking business.
Whereas, Upstox started as a stockbroker in the year 2009 with backend support from notable and renowned stock traders like Ratan Tata,
GVK Davix and Capital Kalaari and is a member of BSE, NSE, MCX and MCX-SX and lets one trade in Equity, Futures, Options, Currency and Commodity.
Upstox Vs Geojit Overview:
As an organization, we find that Geojit Finance is an investment services company and is one of the oldest with 480 offices who started online trading with joint ventures in the Western parts of Asia and was the first to start trading in India in commodity futures like pepper, cardamom, gold, and silver. It is also listed in NSE and BSE.
On the other hand, Upstox, as a stockbroker, has support from notable and renowned stock traders like Ratan Tata, GVK Davix and Capital Kalaari and is a member of BSE, NSE, MCX and MCX-SX and lets one trade in Equity, Futures, Options, Currency and Commodity.
|Type of Company||Private||Public|
|Type of Broker||Discount Broker||Full-Service Broker|
|Headquarters Location||Mumbai, India||Mumbai, Maharashtra|
|Founder Name||Raghu Kumar, |
Ravi Kumar &
|C. J. George & |
A. P. Kurian
|Year of Establishment||2009||1986|
Comparison on Customer Rating:
When we compare Upstox vs Geojit Finance we see that Geojit Finance maintains stable customer rating parameters ranging between 6.0 to 7.0 while Upstox has their parameters fluctuating from as low as 3.0 to as high as 9.5.
|Customer Ratings||Upstox||Geojit Finance|
|Products & Services||6.5/10||7.0/10|
|Brokerage Charges & Fees||9.5/10||6.0/10|
|Stock Research & Advisory||3.0/10||7.0/10|
Upstox Vs Geojit AMC & AOC:
When talking about AMC & AOC, we can notice from the below table that Upstox charges less compared to the charges of Geojit Finance.
The most striking factor to notice is that the Margin Money is Rs.15,000 for Geojit Finance whereas, for Upstox it is Zero. A clear comparison between Upstox and Geojit is mentioned below.
|Demat Services||Upstox||Geojit Finance|
|Depository Source||For Upstox: CDSL||For Geojit Finance: CDSL & NSDL|
|Account Opening Charges||150 Rupees||350 Rupees|
|Demat AMC Charges||150 Rupees per Annum||400 Rupees per Annum|
|Trading AMC Charges||Free of cost||Free of cost|
|Margin Money||Zero||15,000 Rupees|
|Offline to Online||✖||✔|
Upstox Vs Geojit Brokerage Fee:
Upstox charges a fixed amount of brokerage from their clients while Geojit Finance charges based on percentage. However, Geojit also charges a fixed amount in certain cases which are quite high compared to Upstox.
|Brokerage Charge & Fees||Upstox Brokerage||Geojit Finance Brokerage|
|Equity Delivery Trading||Zero||0.30%|
|Equity Intraday Trading||Rs.20||0.03%|
|Commodity Options Trading||Rs.20||NA|
|Equity Futures Trading||Rs.20||0.03%|
|Equity Options Trading||Rs.20 per lot||Rs.75 per lot|
|Currency Futures Trading||Rs.20||0.03%|
|Currency Options Trading||Rs.20 per lot||Rs.15 per lot|
|Minimum Brokerage||Rs.20||Rs.15 per executed order|
|Demat AMC Charges||Rs.150 per annum||Rs.400|
|Trading AMC Charges||Free||Free|
Comparison on Other Charges:
Except for Transaction Charges, which are higher of Geojit Finance than Upstox, other compliance charges are the same for both of Upstox and Geojit.
|Other Charges||Upstox||Geojit Finance|
|Transaction Charges||0.00275% of Total Turnover||0.00311% 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:
Apart from Free Trading Account and Discount on Brokerage by both Geojit Finance and Upstox, Geojit Finance provides additional Offers and Discounts to their clients which precisely are, Flexible Brokerage Plans and Holiday Offers. A clear comparison of Upstox & Geojit is described here.
|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:
Services offered by Upstox and Geojit Finance are nearly the same, except Upstox doesn’t provide any PMS and Stock Recommendations, which is provided by Geojit Finance whereas Geojit Finance doesn’t provide Robo Advisory which in turn is provided by Upstox.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 20x||Maximum 10X|
Upstox Vs Geojit Research & Advisory:
It is quite astonishing to see that Upstox is not at all engaged in any kind of Research & Advisory system, while Geojit Finance believes in such activities for their clients except they don’t provide any Company Reports, Annual Reports, and Company Stock Review.
|Research & Advisory||Upstox||Geojit Finance|
|Fundamental Reports availability||✖||✔|
|Research Reports availability||✖||✔|
|Company Reports availability||✖||✖|
|Annual Reports availability||✖||✖|
|Company Stock Review availability||✖||✖|
|Free Stock Tips availability||✖||✔|
|IPO Reports availability||✖||✔|
|Top Picks availability||✖||✔|
|Daily Market Review availability||✖||✔|
|Monthly Reports availability||✖||✔|
|Weekly Reports availability||✖||✔|
|Offline Advisory availability||✖||✔|
|Relationship Manager availability||✖||✔|
Upstox Vs Geojit Margin / Exposure/ Leverage
Leverages are provided by both Upstox and Geojit Finance. However, we see that Leverages on every category, provided by Upstox are more than that of Geojit Finance.
|Exposure / Leverage||Upstox Margin||Geojit Finance Margin|
|Equity Delivery||Maximum 5x||Maximum 1X|
|Equity Intraday||Maximum 20x||Maximum 10X|
|Equity Futures||Maximum 7x||Maximum 4X|
|Equity Options||Maximum 8x||Maximum 5X|
|Currency Futures||Maximum 5x||Maximum 4X|
|Currency Options||Maximum 6x||Maximum 5X|
|Commodities||Maximum 7x||Maximum 3X|
Comparison of Products:
If we see the product range of both Upstox & Geojit Finance, it can be noticed that Geojit Finance has two additional products, Mutual Funds, and SIP than Upstox to serve their client base.
Upstox Vs Geojit Trading Platform:
When talking in terms of technological aspects, Upstox has almost every technology needed, except Windows and Mobile Apps while Geojit Finance lacks in the usage of technology in a couple of aspects.
Assessing Upstox vs Geojit based on trading platform offering we get the below details. A relative study of Upstox vs Geojit is mentioned below.
|Trading Platforms||Upstox||Geojit Finance|
|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||✔||✔|
Upstox Vs Geojit Customer Support:
Geojit Finance has more options and ways than Upstox, where their clients can reach them for support.
The most prominent here is that they have a huge number of Branches spread across, which enables their customers to get offline support by physically meeting the concerned person.
|Customer Support||Upstox||Geojit Finance|
Comparison on Complaint Handled:
Giving importance to complaints is one of the best practices of customer retention. We below have compared Upstox vs Geojit based on the grievance handling. The table below shows that Geojit Finance resolves more customer complaints than Upstox in both BSE and NSE.
|Complaints (Current Year)||Upstox||Geojit Finance|
|Lodged in BSE||185||187|
|Resolved in BSE||126||176|
|Lodged in NSE||175||214|
|Resolved in NSE||139||198|
We found that both Upstox and Geojit Finance have a good presence and reputation in the market with a quite good number of customer base along with the same Customer Star Ratings. It is only the investors who need to decide on his/her actual needs and choose the Upstox or Geojit Finance.