Aditya Birla Money Review, Special Offers, Demat, Trading A/C and Brokerage

Aditya Birla Money is one of the biggest full-service stockbroking companies in western India. Before we explore the detailed information about the company, we should check out the highlights of the company first.

If we take a look at the positives; they offer free AMC for the Demat accounts and provide up to 15x trading exposure. While they charge 0.03% for Intraday Brokerage and 0.30% for Delivery Brokerage, the margin money, which is a minimum of ₹20,000, is definitely higher than other companies.

Aditya Birla Money review by their clients is decent but not excellent, something we will discuss elaborately later.

Aditya Birla Money Highlights
Broker TypeFull Service Broker
Demat Account AMCFree
Margin RequiredRs.20,000
Intraday Brokerage0.03%
Delivery Brokerage0.30%
ExposureUpto 15X

Aditya Birla Money Offers


What do you know about Aditya Birla Money?

First and foremost, Aditya Birla Money Broker is a public limited company, and they are primarily a full-service stockbroker. They came into the business in the year 2000, where the dynamic Mr. Kumar Mangalam Birla opened its institution.

He is the founder of the company, and over the years, he has been a major driving force for the company’s success. Aditya Birla Money review is decent enough, something that we will later discuss elaborately.

Meanwhile, the company headquarter is in the financial capital, Mumbai. It is a competent stockbroking company; so, in this article, we will discuss the ins and outs of the company in details and draw a conclusion of its future stakes.

About Aditya Birla Money 
Know few details about Aditya Birla Money 
Which type of Company is it? – Public / PrivatePublic
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Mumbai, Maharashtra
Who is the Founder of this Company?Kumar Mangalam Birla
When did the company started?2000

 


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What are the various Demat Account Opening Charges levied by Aditya Birla Money?

When it comes to Aditya Birla Money account opening fees, you need to pay ₹750. Please note the depository participants involved in amidst are CDSL & NSDL.

The margin money threshold is ₹20,000, to which many experts believe is on the higher side, whereas dematerialization is available. One of the positives is the AMC fee of Aditya Birla Money Demat account.

They don’t charge a penny for the AMC for not only the Demat accounts but also the Trading account as well. Overall, we can argue that the fees structure here is justiciable apart from the lumpsum margin money.

Aditya Birla Money Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with Aditya Birla
Which is the Depository Participant involved?CDSL & NSDL
What are the Demat account opening charges?Rs.750
How much is the Demat AMC?Free
What is the Trading AMC?Free
What is the initial Margin amount required?Rs.20,000
Is dematerialization available?Yes

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Does Aditya Birla Money provide any Offers to their Clients?

There are some lucrative Aditya Birla Money offers that you should be aware of. To start with, they offer free Demat account. That smartly followed by the free Trading accounts they provide as well. You should be thrilled to know that the broker service offers serious discounts on brokerage fees.

There are flexible brokerage plans that they provide, which becomes handy when you are personalizing your definitive ideas. To add to that, Aditya Birla also has a decent referral program that you can always take advantage of.

Now, when it comes to what they lack in their list of offers, there are some significant mentions. They don’t provide Happy Trading Hours, which many of you really fancy. Neither they provide 1-month brokerage-free trading, which new traders desperately seeks.

It is a dead-end when it comes to any Holiday offers as they don’t have any. Nowadays, it is foolishness to expect the company to compensate for the loss if in case you make unsuccessful trading. So, they don’t offer such an offer as expected.

Aditya Birla Money Offers
Here are the various offers provided by Aditya Birla 
Does the broker provide Free Demat A/C offer?Yes
Does the broker provide Free Trading A/C offer?Yes
Is this broker offers Discount on Brokerage?Yes
Does the broker offer Happy hour trading to their clients?No
Is the broking house provides flexible brokerage plan?Yes
Does the broker offer 1 month Free brokerage?No
Is the Holiday offers provided by the broker?No
Are there any referral offers shared by the broker?Yes
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by Aditya Birla Money on various Segments?

If you want us to describe the Aditya Birla Money Brokerage Charges in one word, we will say ‘subtle.’ To begin with, we will discuss the fee for Equity Delivery, which is 0.30%. Now, this price is somewhat justified, whereas, for the Equity Intraday, they charge 0.03%, which is again very convenient.

Next stop is the charges for the Commodity Trading, which is again 0.03%, and the same follows for Equity Futures, which is 0.03%. Now, it gets interesting for Equity Futures, as they charge ₹50 per lot. For, currency future, they charge their generic 0.03%.

Then comes the Current Options, which is ₹20 per lot, where the minimum brokerage requires is ₹20, which is calculated on per executed order. Somethings that we have already discussed are the AMC of Demat accounts and Trading Accounts, which are free. Along with that, the minimum margin money, which is ₹20,000.

Aditya Birla Money Brokerage Charges 
Here you will find details of brokerage levied by Aditya Birla on all segments
What are the Equity Delivery Charges?0.30%
What are the Equity Intraday Charges?0.03%
How much brokerage charged for Commodity Trading?0.03%
What is the brokerage on Equity Futures?0.03%
How much brokerage charged for Equity Options?Rs.50 per lot
What is the brokerage on Currency Futures?0.03%
What is the brokerage on Currency Options?Rs.20 per lot
How much is the Minimum Brokerage requires?Rs.20 per executed order
What is the Demat AMC?Free
How much is the Trading AMC?Free
What is the Minimum Margin Required?Rs.20,000

Does Aditya Birla Money levy any other charges apart from Brokerage?

The Aditya Birla Money charges are not limited to the brokerage fees. Therefore, you may be disappointed to know the figures for these additional fees. First off, let us know about the Transaction charges, which is 0.00320%.

This fee is charged on the total turnover amount. Secondly, there are the SST charges that are also calculated on the total turnover, which is 0.0126%. The third in this list is the SEBI Turnover charges for which Aditya Birla levy 0.0002%, calculated again on the total turnover.

The fourth set of fees are for the Stamp Duty, which is mostly different in every state in India. So, we can’t pinpoint the exact percentage here. The last on this list is the GST charges, which is precisely 18%.

Please note that it is calculated on the aggregated value of the Brokerage fees plus the Transaction fees. Now, if you are wondering this list is going to be too expensive; well, don’t worry, as these are minimal charges. So, it won’t affect the profit margin much.

Aditya Birla Money Charges
Get deep understanding of all other charges levied by Aditya Birla Money 
How much is the Transaction Charges levied?0.00320% of Total Turnover
What are the STT charges?0.0126% of Total Turnover
What are the SEBI Turnover charges?0.0002% of Total Turnover
How much is the Stamp Duty levied?Depends on State (very minimal)
How are the GST charged?18% of (Brokerage + Transaction Charges)

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What is the Limit or Exposure offered by Aditya Birla Money?

It is safe to that the Aditya Birla Money Exposure is lucrative. For starters, they offer up to 5x trading exposure when it comes to Equity Delivery. One of the biggest revelations in the business is what they offer for Equity Intraday – up to staggering 15x, which you must admit is humongous.

The next in the list is Equity Futures, which they offer up to 4x. Now, if you believe that is less, they quickly compensate that with up to 8x trading exposure for the Equity Options. The Aditya Birla Money Margin for Currency Futures is up to 3x trading exposure, which is of course low.

However, the lowest in this list is for Commodity Trading, which is just 2x and for Currency Options, which is again just 3x trading exposure respectively.

Aditya Birla Money Exposure or Leverage
Here you will find the exposure or limit provided by it
How much is the limit on Equity Delivery?Upto 5X
What is the limit on Equity Intraday?Upto 15X
How much is the limit on Equity Futures?Upto 4X
What is the limit on Equity Options?Upto 8X
What is the exposure on Currency Futures?Upto 3X
How much is the leverage on Currency Options?Upto 3X
What is the limit on Commodity Trading?Upto 2X

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How to open Aditya Birla Money Demat & Trading Account?

There are three primary accounts that you must have to begin trading with Aditya Birla Money. The first is, of course, an active bank account, then you need a Demat account and a Trading account.

Now here are the steps to open Aditya Birla Money Demat Account. Now, you should know to open Aditya Birla Money Trading account; the steps are the same as both the accounts open at the same time.

  1. Check out the “Open Demat Account” button below.
  2. Click on it & fill up with proper information.
  3. Then you will get a call from one of their representative. They will ask for a list of documents for completing your KYC, which you must provide to them.
  4. Then you need to pay ₹750, which is the account opening fee of the Demat account, whereas the Trading account is free to open.
  5. Once, your payment is confirmed, and they verify your KYC, they will provide you the login credentials for both Demat and Trading account.

What are the various Trading Platforms provided by Aditya Birla Money?

The way we see it, we can break down the Aditya Birla Money Trading platforms in three different categories:

Aditya Birla Money Trading Terminal

By Trading Terminal, they mean they have a robust Desktop Application. Meanwhile, the application comes in for both Windows and Mac users that pretty much cover all the necessary functionalities to perform stock trading efficiently.

Aditya Birla Money Web Trading Platform

By the Web Trading platform, they mean they offer all their stock trading services via a web browser. So, you can not only operate your trading account by the Desktop application but also using a web browser that comes with all the similar functionalities. Also, this platform has a mobile responsive feature, which means you can access the platform using a mobile phone browser.

Aditya Birla Money Mobile App – Mobile Invest

Apart from the regular platforms, they also offer a Mobile App. Now, it has all the usual functionalities in-built, which comes in both Android and iOS. No Windows or Other OS though.

Aditya Birla Money Trading Platforms
Here you will find all the important trading platforms available with it
Do they have Trading Terminals for Windows?Yes
Do they have Trading Terminals for Mac?Yes
Are they providing Web Trading Platform?Yes
Do they have Mobile Web Platform?Yes
Does this broker provide Mobile Trading App for Android?Yes
Does this broker provide Mobile Trading App for iOS?Yes
Are they having Mobile App for Windows OS?No
Do they have Mobile Trading App for Other OS?No

 


What are the features available in Aditya Birla Money Trading Applications?

To start with, let’s talk about the

Aditya Birla Money Mobile Trading App – Mobile Invest Features

It has all the basic functionalities like Real-time Updates, Portfolio Details, and Online MF Buy.

Aditya Birla Money Trading Terminal Features

However, all these services are also there is Aditya Birla Money Trading Terminal, along with features like News Flash, Research Reports, and Global Indices. Of course, the Easy Installation option is also available in the Trading Terminal too.

Aditya Birla Money Web Trading Platform Features

This Platform also has all these similar functionalities in-built, including some of the other essential features like Interactive Chartings and Live Markets data. Now, all these platforms have SMS Alerts, and Email Alert features to fetch information quickly.

Aditya Birla Money Trading Application Features
Here you will find various features available in Trading Platforms provided by Aditya Birla 
Are these platforms capable of Real time Updates?Yes
Do these Applications provide Portfolio Details?Yes
Are this software’s providing Online MF Buy?Yes
Do these platforms have News Flash?Yes
Are these platforms providing Research Reports?Yes
Are these platforms Easy to Install & use?Yes
Do these Apps have Global Indices?Yes
Are these platforms having Stock Tips?Yes
Do this software’s provide Personalized Advisory?No
Are these platforms capable of Interactive Chartings?Yes
Do these Apps provide Live Markets data?Yes
Do they provide SMS Alerts?Yes
Are they providing Email Alerts?Yes
Do these platforms has Multi Account Management solution?No

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What are the various Products provided by Aditya Birla Money?

There is a sense of subtlety in all the Aditya Birla Money Products they offer. To start with, of course, they offer the Equity Trading service along with the Commodity Trading services. They also have a fantastic line of Currency Trading products.

People who fancy Options trading can opt their services as they are truly efficient in this niche. There are two more services that they are very competent are trading in Futures and Mutual Funds.

However, they opted out two of the most significant services – Forex trading and Banking products. But they provide equally quality services in SIP related activities and Insurance services.

Aditya Birla Money Products
Here are the various products provided by it
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?Yes
Do they have Currency Trading product available?Yes
Do they provide Options trading?Yes
Are the clients allowed to trade in Futures?Yes
Do they have Mutual Funds as product?Yes
Does the broker allow Forex trading?No
Does the broker have Banking products?No
Is SIP allowed by the broker?Yes
Do they have Insurance as a Product?Yes

What are the various Services offered by Aditya Birla Money?

The Aditya Birla Money Services are equally good as their products. We will start the conversation with free Demat and Trading account AMC service, which is, by the way, fantastic for the traders. But, what’s really out of the world is that up to 15x Trading Exposure.

Apart from that, they also offer some essential services like IPO, Intraday, Stock Recommendations, and PMS. What is interesting is they are a Trading Institution, and there is always a sense of subtlety in it. However, they don’t provide 3-in-1 accounts, neither they deliver Robo Advisory services.

Aditya Birla Money Services
Check out the various services provided by it 
Does the broking house provide Demat Services?Yes
Does the broking house provide Trading Services?Yes
Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?No
Do they provide Intraday Services?Yes
Are they offering IPO Services to the client?Yes
Do they have Stock Recommendations available?Yes
Are they providing tools for Robo Advisory?No
Does the broker provide PMS?Yes
Do they have Trading Institution available?Yes
What is the Trading Exposure this broker provides?Upto 15X

Does Aditya Birla Money provide Research & Advisory to their clients?

The Aditya Birla Money Research starts with services like Fundamental Reports, Research Reports, and Company Reports.

Even though Aditya Birla Money Advisory doesn’t provide with services like Annual Reports of Companies or Company Stock Review, they are quite efficient in delivering IPO Reports, Market Review, Monthly & Weekly Reports, and Offline Advisory services.

Aditya Birla Money Tips services include Free Stock Tips and Top Picks. The cherry on the top service is their Relationship Manager service, something that every trader craves.

Aditya Birla Money Research, Advisory & Stock Tips
Here are the various research activities done by it 
Does the broker shares Fundamental Reports?Yes
Does the broker shares Research Reports?Yes
Do they provide Company Reports to their clients?Yes
Are they analysing Annual Reports of Companies?No
Do they share Company Stock Review?No
Are they sharing Free Stock Tips to their clients?Yes
Do they analyze & share IPO Reports?Yes
Does the broking company provide Top Picks?Yes
Are they sharing Daily Market Review?Yes
Do they have Monthly Reports?Yes
Does the broker provide Weekly Reports?Yes
Are they having Offline Advisory?Yes
Do they provide Relationship Manager to clients?Yes

What are the Customer Care details of Aditya Birla Money?

Aditya Birla Money Customer Care is efficient and dynamic at the same time. One of the significant reasons behind their success is they deliver services via Dedicated Dealers spread all around the country.

They provide Offline Trading as well as Online Trading services. One of the most compelling features about the support service is they provide 24*7 Support, why is a treat for the traders.

There are 750 branches located all around India, which indicates how massive of a company they are, as well as how serious they are in providing prompt services to their clients. Meanwhile, they lack two critical features as well – Email Support and Chat Support.

Aditya Birla Money Customer Support
Let’s have a better understanding of Customer Care Service
Are they providing Dedicated Dealer to their clients?Yes
Do they allow Offline Trading?Yes
Do they have facilities for Online Trading?Yes
Are they providing 24*7 Support?Yes
Does this broker provide Email Support?No
Is this broker having Chat Support?No
How many Branches the stock broker has?750

Are there any Complaints filed against Aditya Birla Money by their clients?

No doubt they are a large company, but the overall Aditya Birla Money Complaints is not in good shape at this moment. There are precisely 236 complaints lodged against them for the BSE, where 230 among them have been resolved successfully.

The situation is even worse when we tally the number of complaints filed from the NSE – 325. Even though they settled 316 of them, it still won’t justify that fact that so many complaints have been issued against them.

Aditya Birla Money Complaints
Here you will know about the Complaints lodged against Aditya Birla Money 
What is the total number of Complaints Lodged in BSE?236
How many of these complaints have been Resolved in BSE?230
What is the total number of Complaints Lodged in NSE?325
How many of these complaints have been Resolved in NSE?316

What are the advantages & benefits of Aditya Birla Money Trading accounts?

The Aditya Birla Money Trading account has some notable advantages. At the same time, it has some noteworthy flaws as well. Overall, they are a very strategically sound company and do most of their activities right.

That is why they have about 750 branches in India. The products and services are great, so are the offers they provide. They backed themselves with compelling customer care support team. However, the number of complaints they received over the years is just not acceptable. This indicates the fact that somewhere down the line they are not true to their commitments.


What are the Aditya Birla Money Review & Ratings as per their Customer?

When it comes to the Aditya Birla Money rating, they are mostly great. For their stock market Research & Broking Advisory service, they have received 6 out of 10, which is decent enough to consider. The Brokerage and other fees structure mostly justifies. Therefore, their customers have rated 6.5 out of 10.

For their products and services, they were rated 5.9 out of 10, which is a bummer to many, but their trading platforms are really good enough to earn a rating of 6 out of 10. Now, the Aditya Birla Money Review for overall experience is 5.6 out of 10, which may be the effect of the number of complaints issued against them. So, the final rating stands as 6 out of 10, where 264 people have rated their services.

Aditya Birla Money Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory6.0/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.6.5/10
Types of Products & Services the Brand provides5.9/10
Performance Mobile App, Trading Terminal & Web Trading Platform6.0/10
Experience in the Broking Business5.6/10
Total Avg. Rating of Broking House6.0/10
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings264

The Conclusion

So, there you have it! A complete analysis of their products and services to their flaws and loopholes. There is no doubt the Aditya Birla Money is an excellent choice if you are new in the stock trading business. They are experienced and efficient enough to deal with almost every market volatility.


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