Zerodha Vs Swastika Investmart – Comparison

Zerodha Vs Swastika Investmart

Assessing Zerodha vs Swastika Investmart 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. 

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.  

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.

Swastika Investmart: 

1. Free AMC on the trading account. 
2. A minimum brokerage charge 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. 

Comparison of Overall Company Details: 

Comparing Zerodha vs Swastika Investmart 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.

Zerodha Vs Swastika Investmart Customer Ratings:

Comparing Zerodha vs Swastika Investmart based on Customer Ratings we get this information.

Here we can see that regarding experience & research work, Swastika Investmart is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Comparison on AOC & AMC: 

Here we have compared Zerodha vs Swastika Investmart based on account opening charge & account maintenance charge. Here we can see from the below contrast that both Zerodha & Swastika Investmart offer free AMC on the trading account. Also, Zerodha provides zero margin money criteria. 

Comparison on Brokerage Charge:

Contrasting Zerodha vs Swastika Investmart based on Brokerage Charge we get the below details. Here we can see that Swastika Investmart offers a percentage based brokerage charge structure.

While Zerodha has a very economical flat fee-based brokerage charge. Swastika Investmart charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Swastika Investmart as below. We can see that both the broker share a similar charge structure other than the transaction charge criteria. 

Zerodha Vs Swastika Investmart Offers: 

Contrasting Zerodha & Swastika Investmart we get the below comparison on offers. We here can see that in terms of offers Swastika Investmart is a step ahead of Zerodha for offering more offers. 

Comparison on Services Offered: 

Comparing Zerodha vs Swastika Investmart based on their service offering we derived the below comparison. These broking companies offer so many services to the traders or investors.

Comparison of Research & Advisory: 

Contrasting Zerodha vs Swastika Investmart based on their research & advisory offering we received the below comparison. Here we can see in the below table that Swastika Investmart offers a lot more advisory support, where Zerodha doesn’t provide any.

Comparison of Leverage: 

Considering Zerodha vs Swastika Investmart based on product-wise leverage we get the below details. Almost all the margin charges are different in both of these organizations.

Compare on Products: 

Assessing Zerodha vs Swastika Investmart based on their product offering we derived the below comparison. We can see in this below comparison that Swastika Investmart offered to trade in Mutual finds & SIP which Zerodha doesn’t. 

Comparison on Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  Swastika Investmart, we compared them as below.  

Zerodha Vs Swastika Investmart Customer Support: 

Comparing customer assistance, we here have compared Zerodha vs Swastika Investmart 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 Swastika Investmart doesn’t facilitate 24×7 support, toll-free number & chat support. 

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 Swastika Investmart based on their customer complaint handling in the below table. 

Conclusion:

Finally, we can conclude that Swastika Investmart (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 vs Swastika Investmart as per his need only.