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Upstox Vs Swastika Investmart Comparison: Find the Best Discount Broker

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Upstox vs. Swastika Investmart – Comparison

Comparing Upstox vs Swastika Investmart in terms of all product-wise details is required for every investor who wants to invest through this organization. In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Discount brokerage firm Upstox has been 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. 

Swastika Investmart is a full-service broker established in 1992 based on Mumbai, Maharashtra. Currently, they are having a client base of around 65000 with 100+ operating branches throughout India & 700+ sub-broker networks. 

Features: 

Upstox: 

  1. Zero brokerage fee on equity delivery trading
  2. Flat fee-based brokerage fee structure.
  3. Trading Account AMC is free of cost.
  4. Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. Margin Money not required.

Swastika Investmart

  1. Free AMC on the trading account. 
  2. A minimum brokerage fee is present. 
  3. Margin money is INR. 15,000/-
  4. Account (DEMAT & Trading) opening is free of cost. 
  5. Doesn’t provide chat support, 24X7 support, and toll-free number. 
Upstox Vs Swastika Investmart
Upstox Vs Swastika Investmart

Upstox Vs Swastika Investmart Structure: 

In terms of organizational overview, we here have compared Upstox vs Swastika Investmart based on company type, broker category, establishment year, founder, etc. 

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OverviewUpstoxSwastika Investmart
Organization TypePrivatePrivate
Broker CategoryDiscount BrokerFull-Service Broker
Head officeMumbai, IndiaMumbai, Maharashtra
Founded ByRaghu Kumar,
Ravi Kumar &
Shrinivas Vishvanath
Sunil Nyati
Established On20091992

Upstox Vs Swastika Investmart Customer Rating:

Considering the customer ratings we have compared Upstox and Swastika Investmart as here below. We can derive from the below table that Upstox is backward in terms of experience, trading platform, and research reporting.

Whereas in remaining fields like products-services and charges Swastika Investmart is lacking the points.

Customer RatingsUpstoxSwastika Investmart
Experience5.3 out of 106.4 out of 10
Products & Services6.5 out of 106.1 out of 10
Brokerage Charges & Fees9.5 out of 106.2 out of 10
Stock Research & Advisory3.0 out of 106.4 out of 10
Trading Platforms6.5 out of 106.8 out of 10
Overall Ratings6.2 out of 106.4 out of 10
Star Ratings★★★☆☆★★★☆☆

Comparison on AMC & AOC:

Comparing Upstox and Swastika Investmart based on AOC & AMC we get the below details. Here we can see that trading AMC is free at both Upstox & Swastika Investmart. Whereas, the remaining like account opening charge, DEMAT AMC is chargeable. 

Demat ServicesUpstoxSwastika Investmart
Depository ParticipantCDSLCDSL & NSDL
Charges for Account Opening Rs.150Rs.550
AMC on DematRs.150 per AnnumRs.300
AMC on TradingFreeZero
Marginal MoneyZeroRs.15,000 Minimum
Offline to Online

Upstox Vs Swastika Investmart Brokerage Charge:

Upstox & Swastika Investmart is hereby compared based on their brokerage fee structure. Swastika offers minimum brokerage charge & percentage-based brokerage charge structure to its customer.

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Whereas, Upstox charges a flat fee-based brokerage fee & minimum brokerage charge. 

Brokerage Charge & FeesUpstox Brokerage Swastika Investmart Brokerage
Equity Delivery TradingZero0.15% – 0.35%
Equity Intraday TradingRs.200.020% – 0.050%
Commodity Options TradingRs.200.020% – 0.050%
Equity Futures TradingRs.200.020% – 0.050%
Equity Options TradingRs.20 per lotRs.75 per lot
Currency Futures TradingRs.200.020% – 0.050%
Currency Options TradingRs.20 per lotRs.50 per lot
Minimum BrokerageRs.20Percentage of Transaction
Demat AMC ChargesRs.150 per annumRs.300
Trading AMC ChargesFreeZero
Margin MoneyZeroRs.15,000 Minimum

Comparison on Administration Charges:

Comparing Upstox vs Swastika Investmart based on other charges we get this below-mentioned information.

Here we can see that charges of Upstox & Swastika Investmart are similar except transaction charge criteria. In terms of transaction charges, Upstox charges lesser charges than Swastika Investmart. 

Other ChargesUpstoxSwastika Investmart
Transaction Charges0.00275% of Total Turnover0.00315% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Comparison of Offers & Discounts:

Considering the offers and discount we have compared Upstox and Swastika Investmart as below: 

OffersUpstoxSwastika Investmart
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:

Based on service offering we can compare Upstox vs Swastika Investmart as below. The service offering of Swastika Investmart is more than Upstox.  

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ServicesUpstoxSwastika Investmart
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 20xMaximum 6x

Upstox Vs Swastika Investmart Research & Advisory:

We here have compared Upstox vs Swastika Investmart based on the research and advisory support. It is clear from the below table that Upstox doesn’t offer such support whereas Swastika Investmart offers enough reports to their customer.

Research & AdvisoryUpstoxSwastika Investmart
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 Swastika Investmart Margin/ Exposure/ Leverage

Considering Upstox & Swastika Investmart based on leverages we received the below-mentioned information: 

Exposure / LeverageUpstox MarginSwastika Investmart Margin
Equity DeliveryMaximum 5xMaximum 2x
Equity IntradayMaximum 20xMaximum 6x
Equity FuturesMaximum 7xMaximum 3x
Equity OptionsMaximum 8xMaximum 5x
Currency FuturesMaximum 5xMaximum 2x
Currency OptionsMaximum 6xMaximum 2x
CommoditiesMaximum 7xMaximum 2x

Comparison of Products: 

In light of product offering, we get this below information comparing Upstox vs Swastika Investmart. We can see in the below table that the product offering of Swastika Investmart is higher than the offering of Upstox.

ProductsUpstoxSwastika Investmart
Equity Trading
Commodity TradingNo
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Upstox Vs Swastika Investmart Trading Platform: 

The trading platform is a very noteworthy point for investors to consider. In this first paced age, everyone prefers to invest online as per their suitable time.

Upstox & Swastika Investmart ensures various trading platforms to attract the customer. In this below table we have compared both the brokers: 

Trading PlatformsUpstoxSwastika Investmart
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: 

Comparing Upstox vs Swastika Investmart based on customer support we derived this below information.

Here we can see that personal dealer, online trading, email support & offline trading is available in Swastika Investmart but Upstox only offers online trading & email support. 

Customer SupportUpstoxSwastika Investmart
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero20
Swastika Investmart Free Demat account
Upstox Vs Swastika Investmart – Swastika Investmart Free Demat account

Comparison of Grievance 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 Upstox vs Swastika Investmart based on their customer complaint handling in the below table. 

Complaints (Current Year)UpstoxSwastika Investmart
Lodged in BSE18522
Resolved in BSE12622
Lodged in NSE17531
Resolved in NSE13931

Conclusion: 

Finally, we can conclude that both Upstox and Swastika Investmart 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 keeping in mind his personal preference and requirements.

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