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:
- 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.
Swastika Investmart:
- Free AMC on the trading account.
- A minimum brokerage fee is present.
- Margin money is INR. 15,000/-
- Account (DEMAT & Trading) opening is free of cost.
- Doesn’t provide chat support, 24X7 support, and toll-free number.
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.
| Overview | Upstox | Swastika Investmart |
| Organization Type | Private | Private |
| Broker Category | Discount Broker | Full-Service Broker |
| Head office | Mumbai, India | Mumbai, Maharashtra |
| Founded By | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath | Sunil Nyati |
| Established On | 2009 | 1992 |
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 Ratings | Upstox | Swastika Investmart |
| Experience | 5.3 out of 10 | 6.4 out of 10 |
| Products & Services | 6.5 out of 10 | 6.1 out of 10 |
| Brokerage Charges & Fees | 9.5 out of 10 | 6.2 out of 10 |
| Stock Research & Advisory | 3.0 out of 10 | 6.4 out of 10 |
| Trading Platforms | 6.5 out of 10 | 6.8 out of 10 |
| Overall Ratings | 6.2 out of 10 | 6.4 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 Services | Upstox | Swastika Investmart |
| Depository Participant | CDSL | CDSL & NSDL |
| Charges for Account Opening | Rs.150 | Rs.550 |
| AMC on Demat | Rs.150 per Annum | Rs.300 |
| AMC on Trading | Free | Zero |
| Marginal Money | Zero | Rs.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.
Whereas, Upstox charges a flat fee-based brokerage fee & minimum brokerage charge.
| Brokerage Charge & Fees | Upstox Brokerage | Swastika Investmart Brokerage |
| Equity Delivery Trading | Zero | 0.15% – 0.35% |
| Equity Intraday Trading | Rs.20 | 0.020% – 0.050% |
| Commodity Options Trading | Rs.20 | 0.020% – 0.050% |
| Equity Futures Trading | Rs.20 | 0.020% – 0.050% |
| Equity Options Trading | Rs.20 per lot | Rs.75 per lot |
| Currency Futures Trading | Rs.20 | 0.020% – 0.050% |
| Currency Options Trading | Rs.20 per lot | Rs.50 per lot |
| Minimum Brokerage | Rs.20 | Percentage of Transaction |
| Demat AMC Charges | Rs.150 per annum | Rs.300 |
| Trading AMC Charges | Free | Zero |
| Margin Money | Zero | Rs.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 Charges | Upstox | Swastika Investmart |
| Transaction Charges | 0.00275% of Total Turnover | 0.00315% 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 & Discounts:
Considering the offers and discount we have compared Upstox and Swastika Investmart as below:
| Offers | Upstox | Swastika 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.
| Services | Upstox | Swastika Investmart |
| Demat Services | ✔ | ✔ |
| Trading Services | ✔ | ✔ |
| 3 in 1 Account | ✖ | ✖ |
| Intraday Services | ✔ | ✔ |
| IPO Services | ✔ | ✔ |
| Stock Recommendations | ✖ | ✔ |
| Robo Advisory | ✔ | ✖ |
| PMS | ✖ | ✔ |
| Trading Institution | ✖ | ✖ |
| Trading Exposure | Maximum 20x | Maximum 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 & Advisory | Upstox | Swastika 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 / Leverage | Upstox Margin | Swastika Investmart Margin |
| Equity Delivery | Maximum 5x | Maximum 2x |
| Equity Intraday | Maximum 20x | Maximum 6x |
| 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 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.
| Products | Upstox | Swastika Investmart |
| Equity Trading | ✔ | ✔ |
| Commodity Trading | No | ✔ |
| 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 Platforms | Upstox | Swastika 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 Support | Upstox | Swastika Investmart |
| Dedicated Dealer | ✖ | ✔ |
| Offline Trading | ✖ | ✔ |
| Online Trading | ✔ | ✔ |
| 24*7 Support | ✖ | ✖ |
| Email Support | ✔ | ✔ |
| Chat Support | ✖ | ✖ |
| Toll-Free Number | ✖ | ✖ |
| Branches | Zero | 20 |
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) | Upstox | Swastika Investmart |
| Lodged in BSE | 185 | 22 |
| Resolved in BSE | 126 | 22 |
| Lodged in NSE | 175 | 31 |
| Resolved in NSE | 139 | 31 |
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.
