angel broking

Zerodha Vs Reliance Securities – Comparison

angel broking

Zerodha Vs Reliance Securities – Comparison:

Comparing Zerodha vs Reliance Securities 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.

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 Reliance Securities doesn’t require any introduction. It is a company of Business Tycoon Anil Ambani and commenced its journey in the year 2005 based on Mumbai.

Notable Features: 

Zerodha: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.

Reliance Securities: 

  1. Percentage based brokerage plan is there. 
  2. Trading & DEMAT, both Account opening is free. 
  3. It facilitates trading in Mutual Fund & SIP but not in commodity, forex, and insurance. 
  4. Required to maintain Margin money of @INR.25,000/-.   
  5. 3-in-1 account feature unavailable. 
Zerodha Vs Reliance Securities Comparison

Comparison of Overall Organisation Overview: 

In terms of organizational overview, we here have compared Zerodha vs Reliance Securities based on company type, broker category, establishment year, founder, etc.

Related Post:   Stoxkart Vs Kotak Securities: A Comparison Between The Leading Stock Broking Services In India
OverviewZerodhaReliance Securities
Establishment TypePrivatePublic
Broker CategoryDiscount BrokerFull-Service Broker
Head officeBangalore, IndiaMumbai, India
InitiatorNithin KamathAnil Ambani
Formed Year20102005

Comparison of Customer Rating: 

Considering the customer ratings we have compared Zerodha and Reliance Securities as here below. We can derive from the below table that Zerodha is backward in terms of experience and research reporting.

Whereas in remaining fields like trading platforms and charges Reliance Securities is lacking the points.

Customer RatingsZerodhaReliance Securities
Experience5.7/106.5/10
Products & Services8.5/106.4/10
Brokerage Charges & Fees9.5/106.2/10
Stock Research & Advisory4.0/106.1/10
Trading Platforms9.0/106.1/10
Overall Ratings7.4/106.3/10
Star Ratings★★★★★★★★☆☆

Comparison on AOC & AMC: 

Comparing Zerodha and Reliance Securities based on AOC & AMC we get the below details. Here we can see that trading AMC is free at both Zerodha and Reliance Securities.

Whereas, the remaining like account opening charge, DEMAT AMC is chargeable at Zerodha and free at Reliance Securities.

Demat ServicesZerodhaReliance Securities
Depository ParticipantCDSLCDSL & NSDL
Charges of Account Opening Rs.300Free
AMC of DEMATRs.300 per AnnumFree or Rs.400 per Annum
AMC of Trading FreeFree
Marginal MoneyZeroRs.25,000
Offline to OnlineNoNo

 Zerodha Vs Reliance Securities Brokerage Charge: 

Zerodha vs Reliance Securities is hereby compared based on their brokerage fee structure.

Reliance Securities offers a percentage-based brokerage charge structure &  minimum brokerage charge to their customer. Whereas, Zerodha charges a flat fee-based brokerage fee & zero minimum brokerage charge.  

Related Post:   Zerodha Vs Trade Smart Online Comparison: Two Most Biggest Discount Broker Comparison
Brokerage Charge & FeesZerodha BrokerageReliance Securities Brokerage
Equity Delivery TradingZero0.15% – 0.50%
Equity Intraday TradingRs.200.015% – 0.050%
Commodity Options TradingRs.20No
Equity Futures TradingRs.200.015% – 0.050%
Equity Options TradingRs.20 per LotRs.50 – Rs.100 per lot
Currency Futures TradingRs.200.015% – 0.050%
Currency Options TradingRs.20 per LotRs.50 – Rs.100 per lot
Minimum BrokerageZeroAs per Transaction
Demat AMC ChargesRs.300 per AnnumFree or Rs.400 per annum
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.25,000

Compare Other Charges:

Comparing Zerodha vs Reliance Securities based on other charges we get this below-mentioned information.

Here we can see that charges of Reliance Securities & Zerodha are similar except transaction charge criteria. In terms of transaction charges, Zerodha charges lesser charges than Reliance Securities. 

Other ChargesZerodhaReliance Securities
Transaction Charges0.00325% of Total Turnover0.00350% 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 on Offers: 

Considering the offers and discount we have compared Zerodha and Reliance Securities as below:

OffersZerodhaReliance Securities
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 Zerodha vs Reliance Securities as below. The service offering of Reliance Securities is more than Zerodha.

Related Post:   Zerodha Review - Brokerage Charges, Trading Platforms, Margin/Exposure, and Features
ServicesZerodhaReliance Securities
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 25x

Comparison on Research Reports: 

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

Research & AdvisoryZerodhaReliance Securities
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

Zerodha Vs Reliance Securities Margin: 

Considering Zerodha vs Reliance Securities on leverages we received the below-mentioned information. These are also many differences in these margin charges.

Exposure / LeverageZerodha MarginReliance Securities Margin
Equity DeliveryMaximum 20xMaximum 20x
Equity IntradayMaximum 28xMaximum 25x
Equity FuturesMaximum 15xMaximum 15x
Equity OptionsMaximum 8xMaximum 15x
Currency FuturesMaximum 12xMaximum 10x
Currency OptionsMaximum 8xMaximum 10x
CommoditiesMaximum 17xNo

Comparison of Products: 

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

ProductsZerodhaReliance Securities
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Zerodha Vs Reliance Securities Trading Platform: 

The trading platform is a very noteworthy point for investors to consider. In this age of digitization, investors used to invest online as per their convenient time and appliance.

Zerodha & Reliance Securities both facilitate different trading terminals to attract the customer. Here we have compared the above both brokers.

Trading PlatformsZerodhaReliance Securities
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
open Reliance Securities demat account

Comparison of Customer Assistance: 

Comparing Zerodha vs Reliance Securities based on customer support we derived this below information. Here we can see that personal dealer & offline trading is available in Reliance Securities but Zerodha doesn’t offer those services. While 24X7 support facilities & chat support are not assured by Reliance Securities but Zerodha provides those. 

Customer SupportZerodhaReliance Securities
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number080-40402020022 – 3988 6000
Email Support
Chat Support
Toll-Free Number
BranchesZero80

Comparison on Complaints 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 Zerodha & Reliance Securities based on their customer complaint handling in the below table. 

Complaints (Current Year)ZerodhaReliance Securities
Lodged in BSE120145
Resolved in BSE117121
Lodged in NSE89198
Resolved in NSE85174
open zerodha demat account

Comparison: 

Finally, we can say that discount broker Zerodha and Reliance Securities are market competitors stockbroker segments & both offer many similar facilities and many countering services also. But an individual needs to learn the feature of each broker so that they can take a wise decision to invest their hard-earned money.

angel broking