angel broking

Zerodha Vs Swastika Investmart – Comparison

angel broking

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. 
Zerodha Vs Swastika Investmart Comparison

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.

Related Post:   Zerodha Kite Vs Omnesys NEST: A Critical Overview
OverviewZerodhaSwastika Investmart
Company TypePrivatePrivate
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersBangalore, IndiaMumbai, Maharashtra
FounderNithin KamathSunil Nyati
Established Year20101992

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.

Customer RatingsZerodhaSwastika Investmart
Experience5.7 out of 106.4 out of 10
Products & Services8.5 out of 106.1 out of 10
Brokerage Charges & Fees9.5 out of 106.2 out of 10
Stock Research & Advisory4.0 out of 106.4 out of 10
Trading Platforms9.0 out of 106.8 out of 10
Overall Ratings7.4 out of 106.4 out of 10
Star Ratings★★★★★★★★☆☆

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. 

DEMAT ServicesZerodhaSwastika Investmart
Depository SourceCDSLCDSL & NSDL
Account Opening ChargesRs.300Rs.550
Demat AMC ChargesRs.300 per AnnumRs.300
Trading AMC ChargesFreeZero
Margin MoneyZeroRs.15,000 Minimum
Offline to OnlineNo

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.

Related Post:   Zerodha Vs SAMCO Comparison - Which is Better?

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.

Brokerage Charge & FeesZerodha BrokerageSwastika Investmart Brokerage
Equity Delivery TradingZero0.15% – 0.35%
Equity Intraday TradingRs.200.020% – 0.050%
Commodity Options TradingRs.200.020% – 0.050%
Equity Futures TradingRs.200.020% – 0.050%
Equity Options TradingRs.20 per LotRs.75 per lot
Currency Futures TradingRs.200.020% – 0.050%
Currency Options TradingRs.20 per LotRs.50 per lot
Minimum BrokerageZeroPercentage of Transaction
Demat AMC ChargesRs.300 per AnnumRs.300
Trading AMC ChargesFreeZero
Margin MoneyZeroRs.15,000 Minimum

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. 

Other ChargesZerodhaSwastika Investmart
Transaction Charges0.00325% of Total Turnover0.00315% 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)

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. 

OffersZerodhaSwastika 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: 

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.

Related Post:   Zerodha Kite Vs Fox Trader: The Comparison Of Two Most Advanced Terminals
ServicesZerodhaSwastika Investmart
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robotic Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 6x

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.

Research & AdvisoryZerodhaSwastika 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

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.

Exposure / LeverageZerodha MarginSwastika Investmart Margin
Equity DeliveryMaximum 20xMaximum 2x
Equity IntradayMaximum 28xMaximum 6x
Equity FuturesMaximum 15xMaximum 3x
Equity OptionsMaximum 8xMaximum 5x
Currency FuturesMaximum 12xMaximum 2x
Currency OptionsMaximum 8xMaximum 2x
CommoditiesMaximum 17xMaximum 2x

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. 

ProductsZerodhaSwastika Investmart
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Comparison on Trading Platforms: 

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

Trading PlatformsZerodhaSwastika 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

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. 

Customer SupportZerodhaSwastika Investmart
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero20
open Swastika Investmart demat account

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. 

Complaints (Current Year)ZerodhaSwastika Investmart
Lodged in BSE12022
Resolved in BSE11722
Lodged in NSE8931
Resolved in NSE8531
Zerodha Vs Swastika Investmart

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.

angel broking