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 5x trading exposure. While they charge 0.02% for Intraday Brokerage and 0.20% for Delivery Brokerage, the margin money, which is a minimum of 75% Margin, is 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 Type||Full Service Broker|
|Demat Account AMC||Rs 426|
|Margin Required||75% Margin|
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 when 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’s headquarters 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 detail and conclude its future stakes.
|About Aditya Birla Money|
|Know a few details about Aditya Birla Money|
|Which type of Company is it? – Public / Private||Public|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of the Company Located?||Mumbai, Maharashtra|
|Who is the Founder of this Company?||Kumar Mangalam Birla|
|When did the company start?||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 NIL. Please note the depository participants involved in amidst are CDSL & NSDL.
The margin money threshold is 75% Margin, 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 charge a penny for the AMC for only the Demat accounts of Rs 426 but don’t charge AMC for the Trading account. Overall, we can argue that the fee structure is justifiable 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?||NIL|
|How much is the Demat AMC?||Rs 426|
|What is the Trading AMC?||NIL|
|What is the initial Margin amount required?||75% Margin|
|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 a free Demat account. That is 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 fancy. Neither do they provide 1-month brokerage-free trading, which new traders desperately seek.
It is a dead-end when it comes to any Holiday offers as they don’t have any. Nowadays, it is foolish 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 a Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers a Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||Yes|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||Yes|
|Zero Brokerage for Loss-Making Trades||No|
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 0.20%. Now, this price is somewhat justified, whereas, for the Equity Intraday, they charge 0.02%, which is again very convenient.
The next stop is the charges for Commodity Trading, which is again 0.02%, and the same follows for Equity Futures, which is 0.02%. Now, it gets interesting for Equity Futures, as they charge ₹50 per lot. For, currency futures, they charge their generic 0.02%.
Then comes the Current Options, which is ₹50 per lot, where the minimum brokerage requirement is ₹50, which is calculated per executed order. Some things that we have already discussed are the AMC of Demat accounts and Trading Accounts, which are free. Along with that, the minimum margin money is 75% Margin.
|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?||0.20%|
|What are the Equity Intraday Charges?||0.02%|
|How much brokerage charged for Commodity Trading?||0.02%|
|What is the brokerage on Equity Futures?||0.02%|
|How much brokerage charged for Equity Options?||Rs 50 per lot|
|What is the brokerage on Currency Futures?||0.02%|
|What is the brokerage on Currency Options?||Rs 50 per lot|
|How much is the Minimum Brokerage required?||Rs.50 per executed order|
|What is the Demat AMC?||Rs 426|
|How much is the Trading AMC?||NIL|
|What is the Minimum Margin Required?||75% Margin|
Does Aditya Birla Money levy any other charges apart from Brokerage?
The Aditya Birla Money charges are not limited to 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 are 0.00225%.
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 levies 0.00005%, calculated again on the total turnover.
The fourth set of fees is for 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 a deep understanding of all other charges levied by Aditya Birla Money|
|How much are the Transaction Charges levied?||0.00225% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|What are the SEBI Turnover charges?||0.00005% (Rs.5/Crore|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by Aditya Birla Money?
It is safe to that Aditya Birla Money Exposure is lucrative. For starters, they offer up to 1x 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 a staggering 5x, which you must admit is humongous.
The next on the list is Equity Futures, which offer up to 1x. Now, if you believe that is less, they quickly compensate that with up to 1x trading exposure for the Equity Options. The Aditya Birla Money Margin for Currency Futures is up to 1x trading exposure, which is of course low.
However, the lowest in this list is for Commodity Trading, which is just 1x, and for Currency Options, which is again just 1x 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?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
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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 an Aditya Birla Money Trading account; the steps are the same as both accounts open at the same time.
- Check out the “Open Demat Account” button below.
- Click on it & fill it up with proper information.
- Then you will get a call from one of their representatives. They will ask for a list of documents for completing your KYC, which you must provide to them.
- Then you need to pay ₹750, which is the account opening fee of the Demat account, whereas the Trading account is free to open.
- Once, your payment is confirmed, and they verify your KYC, they will provide you the login credentials for both Demat and Trading accounts.
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 into 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 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 come 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 Platforms?||Yes|
|Do they have a 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|
|Is this software 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|
|Does this software provide Personalized Advisory?||No|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms have a 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 Commodity Trading services. They also have a fantastic line of Currency Trading products.
People who fancy Options trading can opt for 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 of 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 products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a 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 traders. But, what’s really out of the world is that up to 5x 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, and 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 5x|
Does Aditya Birla Money provide Research & Advisory to its 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 services like Annual Reports of Companies or Company Stock Reviews, they are quite efficient in delivering IPO Reports, Market Reviews, 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 are done by it|
|Does the broker share Fundamental Reports?||Yes|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analyzing the Annual Reports of Companies?||No|
|Do they share Company Stock Reviews?||No|
|Are they sharing Free Stock Tips with 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 Managers 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 of the support service is that provides 24*7 Support, which 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 dealers 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 the 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, and so are the offers they provide. They backed themselves with a 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 fee structure mostly justifies this. 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 Company’s Ratings on various parameters|
|Stock Market Research & Broking Advisory||6.0/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||6.5/10|
|Types of Products & Services the Brand provides||5.9/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||6.0/10|
|Experience in the Broking Business||5.6/10|
|Total Avg. Rating of Broking House||6.0/10|
|Star Rating is given to Stock Broker||★★★☆☆|
|Number of People Contributed to These Ratings||264|
So, there you have it! A complete analysis of their products and services to their flaws and loopholes. There is no doubt that 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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