Zerodha Vs Nirmal Bang – Comparison
Both Zerodha and Nirmal Bang offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively. It will lead him to a better decision making ability.
Here we have compared Zerodha vs Nirmal Bang to highlight the areas where the investor needs to know & analyze more.
Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.
Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices.
Whereas, full-service broker Nirmal Bang (Nirmal Bang Securities Pvt Ltd) was established in 1989. This broker has a huge product offering list for its investors. They publish customer informative magazine, tips, detailed research reports, etc for their investors.
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
- The marginal funding feature/facility is offered in collaboration with NBFCs.
- Almost every investment option is offered.
- The minimum charge for the brokerage is not charged.
- No brokerage plan is offered to the customer.
- Trading & DEMAT account opening is offered for free.
Zerodha Vs Nirmal Bang Overall Company Details:
Comparing Zerodha vs Nirmal Bang 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.
|Company Type name||Private||Private|
|Broker Typename||Discount Broker||Full-Service Broker|
|Headquarters Location||Bangalore, India||Mumbai, India|
|Founder name||Nithin Kamath||Nirmal Bang|
|Year of Establishment||2010||1986|
Zerodha Vs Nirmal Bang Customer Ratings:
Comparing Zerodha vs Nirmal Bang based on Customer Ratings we get this information.
Here we can see that regarding experience & research work, Nirmal Bang is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.
|Customer Ratings||Zerodha||Nirmal Bang|
|Products & Services||8.5/10||6.2/10|
|Brokerage Charges & Fees||9.5/10||6.7/10|
|Stock Research & Advisory||4.0/10||6.0/10|
Zerodha Vs Nirmal Bang AOC & AMC:
Here we have compared Zerodha vs Nirmal Bang based on account opening charge & account maintenance charge.
Here we can see from the below contrast that Nirmal Bang provides free AMC on trading accounts and zero cost account opening. Whereas, Zerodha provides free trading AMC and zero margin money criteria.
|Demat Services||Zerodha||Nirmal Bang|
|Depository Source||For Zerodha: CDSL||For Nirmal Bang: CDSL|
|Account Opening Charges||300 Rupees||Zero|
|Demat AMC Charges||300 Rupees per Annum||200 Rupees|
|Trading AMC Charges||Free of cost||Free of cost|
|Margin Money||Zero||Minimum 10,000 Rupees|
|Offline to Online||✖||✔|
Zerodha Vs Nirmal Bang Brokerage Charge:
Contrasting Zerodha vs Nirmal Bang based on Brokerage Charge we get the below details. Here we can see that Nirmal Bang offers a percentage based brokerage charge structure.
While Zerodha has a very economical flat fee-based brokerage charge. Nirmal Bang charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.
|Brokerage Charge & Fees||Zerodha Brokerage||Nirmal Bang Brokerage|
|Equity Delivery Trading||Zero||0.20%|
|Equity Intraday Trading||Rs.20||0.02%|
|Commodity Options Trading||Rs.20||NA|
|Equity Futures Trading||Rs.20||0.02%|
|Equity Options Trading||Rs.20 per Lot||Rs.35 per Lot|
|Currency Futures Trading||Rs.20||0.02%|
|Currency Options Trading||Rs.20 per Lot||Rs.20 per Lot|
|Minimum Brokerage||Zero||Percentage of Transaction|
|Demat AMC Charges||Rs.300 per Annum||Rs.200|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Minimum Rs.10,000|
Comparison on Administrative Charge:
In terms of Administrative transactional charge, we here compared Zerodha vs Nirmal Bang as below. We can see that both the broker share a similar charge structure.
|Other Charges||Zerodha||Nirmal Bang|
|Transaction Charges||0.00325% of Total Amount of Turnover||0.00390% of Total Amount of Turnover|
|STT||0.0126% of Total Amount of Turnover||0.0126% of Total Amount of Turnover|
|SEBI Turnover Charges||0.0002% of Total Amount of Turnover||0.0002% of Total Amount of Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Total Amount of Transaction Charges)||18% of (Brokerage + Total Amount of Transaction Charges)|
Comparison on Offers:
Contrasting Zerodha & Nirmal Bang we get the below comparison on offers. We here can see that in terms of offers Nirmal Bang is a step ahead of Zerodha for offering more offers.
|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:
Comparing Zerodha vs Nirmal Bang based on their service offering we derived the below comparison. So many services are offered by these two organizations like Demat service, IPO service, PMS, trading exposure, etc.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 10x|
Zerodha Vs Nirmal Bang Research & Advisory:
Comparing Zerodha vs Nirmal Bang based on their research & advisory offering we received the below comparison. Here we can see in the below table that Nirmal Bang offers a lot more advisory support, where Zerodha doesn’t provide any.
|Research & Advisory||Zerodha||Nirmal Bang|
|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 facility||✖||✔|
Zerodha Vs Nirmal Bang Margin/ Exposure/ Leverage
Considering Zerodha vs Nirmal Bang based on product-wise leverage we get the below details. Almost all the margin charges are different in these broking companies.
|Exposure / Leverage||Zerodha Margin||Nirmal Bang Margin|
|Equity Delivery||Maximum 20x||Maximum 3x|
|Equity Intraday||Maximum 28x||Maximum 10x|
|Equity Futures||Maximum 15x||Maximum 4x|
|Equity Options||Maximum 8x||Maximum 5x|
|Currency Futures||Maximum 12x||Maximum 3x|
|Currency Options||Maximum 8x||Maximum 2x|
|Commodities||Maximum 17x||Maximum 3x|
Comparison of Products:
Comparing Zerodha vs Nirmal Bang based on their product offering we derived the below comparison. We can see in this below comparison that Nirmal Bang offered to trade in Mutual funds, SIP, Insurance & forex which Zerodha doesn’t.
Zerodha Vs Nirmal Bang Trading Platforms:
Because of the trading terminal offering of Zerodha vs Nirmal Bang, we compared them as below.
|Trading Platforms||Zerodha Trading Platforms||Nirmal Bang Trading Platforms|
|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 customer assistance, we here have compared Zerodha vs Nirmal Bang as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Nirmal Bang doesn’t facilitate 24×7 support, email support & chat support.
|Customer Support||Zerodha||Nirmal Bang|
Comparison of 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 Zerodha vs Nirmal Bang based on their customer complaint handling in the below table.
|Complaints (Current Year)||Zerodha||Nirmal Bang|
|Lodged in BSE||120||64|
|Resolved in BSE||117||64|
|Lodged in NSE||89||91|
|Resolved in NSE||85||91|
Finally, we can conclude that Nirmal Bang (full-service broker) has a huge offering for its customers. But Zerodha (discount broker) offers lower charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Nirmal Bang as per his need only.