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.
- 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.
- Percentage based brokerage plan is there.
- Trading & DEMAT, both Account opening is free.
- It facilitates trading in Mutual Fund & SIP but not in commodity, forex, and insurance.
- Required to maintain Margin money of @INR.25,000/-.
- 3-in-1 account feature unavailable.
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.
|Broker Category||Discount Broker||Full-Service Broker|
|Head office||Bangalore, India||Mumbai, India|
|Initiator||Nithin Kamath||Anil Ambani|
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 Ratings||Zerodha||Reliance Securities|
|Products & Services||8.5/10||6.4/10|
|Brokerage Charges & Fees||9.5/10||6.2/10|
|Stock Research & Advisory||4.0/10||6.1/10|
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 Services||Zerodha||Reliance Securities|
|Depository Participant||CDSL||CDSL & NSDL|
|Charges of Account Opening||Rs.300||Free|
|AMC of DEMAT||Rs.300 per Annum||Free or Rs.400 per Annum|
|AMC of Trading||Free||Free|
|Offline to Online||No||No|
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.
|Brokerage Charge & Fees||Zerodha Brokerage||Reliance Securities Brokerage|
|Equity Delivery Trading||Zero||0.15% – 0.50%|
|Equity Intraday Trading||Rs.20||0.015% – 0.050%|
|Commodity Options Trading||Rs.20||No|
|Equity Futures Trading||Rs.20||0.015% – 0.050%|
|Equity Options Trading||Rs.20 per Lot||Rs.50 – Rs.100 per lot|
|Currency Futures Trading||Rs.20||0.015% – 0.050%|
|Currency Options Trading||Rs.20 per Lot||Rs.50 – Rs.100 per lot|
|Minimum Brokerage||Zero||As per Transaction|
|Demat AMC Charges||Rs.300 per Annum||Free or Rs.400 per annum|
|Trading AMC Charges||Free||Free|
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 Charges||Zerodha||Reliance Securities|
|Transaction Charges||0.00325% of Total Turnover||0.00350% 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 on Offers:
Considering the offers and discount we have compared Zerodha and Reliance Securities as below:
|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:
Based on service offering we can compare Zerodha vs Reliance Securities as below. The service offering of Reliance Securities is more than Zerodha.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 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 & Advisory||Zerodha||Reliance Securities|
|Company Stock Review||✖||✔|
|Free Stock Tips||✖||✖|
|Daily Market Review||✖||✖|
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 / Leverage||Zerodha Margin||Reliance Securities Margin|
|Equity Delivery||Maximum 20x||Maximum 20x|
|Equity Intraday||Maximum 28x||Maximum 25x|
|Equity Futures||Maximum 15x||Maximum 15x|
|Equity Options||Maximum 8x||Maximum 15x|
|Currency Futures||Maximum 12x||Maximum 10x|
|Currency Options||Maximum 8x||Maximum 10x|
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.
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 Platforms||Zerodha||Reliance 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||✖||✖|
|Online MF Buy||✔||✔|
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 Support||Zerodha||Reliance Securities|
|Support Number||080-40402020||022 – 3988 6000|
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)||Zerodha||Reliance Securities|
|Lodged in BSE||120||145|
|Resolved in BSE||117||121|
|Lodged in NSE||89||198|
|Resolved in NSE||85||174|
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.