Alankit Assignments is a stock brokerage house based out of Delhi which has prolonged years of experience in the market and provides a variety of products and services for clients to choose from.
In this Alankit Assignments Review, you will get to read about its various account opening and maintenance charges, brokerage plans, the products it offers, and many other such intricate details about the firm that you are seeking before you decide whether to choose Alankit Assignments as your broker or not.
|Alankit Assignments Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs. 500 + 18% GST|
|Margin Required||75% Margin|
What do you know about Alankit Assignments?
So, let’s start the Alankit Assignments Review with a brief history of the firm. Alankit Assignments embarked on its journey in the year 1995 and that makes it a company with around 25 years in the industry.
Alok Kumar Agarwal is the person who took the initiative and founded the firm in the city of New Delhi where it has its headquarters now.
The traditional brokerage house is providing all kinds of investment solutions to clients since its inception. With efficient team members and directors, this firm has carved a niche for itself in the industry and has a lot of things to offer to clients.
|About Alankit Assignments|
|Know a few details about Alankit Assignments|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of the Company Located?||New Delhi, Delhi|
|Who is the Founder of this Company?||Alok Kumar Agarwal|
|When did the company start?||1995|
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What are the various Demat Account Opening Charges levied by Alankit Assignments?
For opening Alankit Assignments Demat Account all you need to pay is Rs. 500 which is the average account opening charge in the industry through many brokers do not take any account opening charges as well.
However, as you can compare with other brokers, this Alankit Assignments Account Opening charge is quite reasonable.
Both the Demat and trading accounts are opened against this charge and for maintaining the Demat account you have to pay Rs. 500 + 18% GST per annum which is also nominal and on the lower side you can say as there are brokers in the industry who charges more for the maintenance.
For the Trading account, as you can see in the table above, you do not have to pay any amount. If we talk about the margin requirement of Alankit Assignments, the minimum requirement is a little higher than the average asking for in the industry by its peers.
However, compared to other major brokers in the industry, the requirement can be considered to be low.
|Alankit Assignments Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Alankit Assignments|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs 0|
|How much is the Demat AMC?||Rs. 500 + 18% GST|
|What is the Trading AMC?||Rs 0|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||Yes|
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Do Alankit Assignments provide any Offers to their Clients?
The Alankit Assignments Offers are not too many, they provide a limited number of offers. However, one offer is always there and that is free trading account maintenance which every client can avail of.
|Alankit Assignments Offers|
|Here are the various offers provided by it|
|Does the broker provide a Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers a Discount on Brokerage?||No|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||No|
|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?||No|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by Alankit Assignments on various Segments?
Alankit Assignments Brokerage Charges are quite flexible. It charges according to the segments which all the brokerage firms do.
As you can see in the table above, the charges are nominal at their minimum while they can go up to a rate that is considered to be on the higher end of the spectrum.
The minimum brokerage of 0.02% for most of the segments is low if compared to other traditional brokers in the industry.
The delivery charges are also similar and the maximum of 0.20% is a little too high as mentioned above. However, the charges for the options are quite reasonable and you can trade currency options only for Rs. 20 per lot which is one of the lowest in the market.
|Alankit Assignments Brokerage Charges|
|Here you will find details of brokerage levied by Alankit Assignments 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% / Rs 20 per lot|
|What is the brokerage on Equity Futures?||0.02%|
|How much brokerage charged for Equity Options?||Intraday: Rs 200 per lot | Carry Forward: Rs 20 per lot|
|What is the brokerage on Currency Futures?||0.02%|
|What is the brokerage on Currency Options?||Intraday: Rs 200 per lot | Carry Forward: Rs 20 per lot|
|How much is the Minimum Brokerage required?||Percentage of Transaction|
|What is the Demat AMC?||Rs. 500 + 18% GST|
|How much is the Trading AMC?||Zero|
|What is the Minimum Margin Required?||75% Margin|
Do Alankit Assignments levy any other charges apart from Brokerage?
If we talk about the Alankit Assignments Charges over and above brokerage charges, they refer to the statutory charges which are levied by the government and SEBI.
As per the given table above, the charges here are all fixed by the government they decide GST, stamp duty fee (which varies from one state to another) STT charges.
SEBI decides the turnover charges and the transaction charges. The last charges mentioned that transaction charges are different for different firms mostly. For Alankit Assignments, this charge is exactly the industry average.
|Alankit Assignments Charges|
|Get a deep understanding of all other charges levied by it|
|How much are the Transaction Charges levied?||0.00325% of Total Turnover|
|What are the STT charges?||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 Alankit Assignments?
Alankit Assignments Margin requirement is a little high as you must have noticed above. However, the Alankit Assignments Exposure levels are very low compared to that. They provide exceptionally low leverage to the clients which makes the trading process difficult.
The maximum leverage provided by this firm is only three 1 which is of no good when traders want to trade bulk. There are even no leverage segments as well like delivery trades and currency futures and equity futures and others get only 1-time leverage.
The firm needs to increase the exposure levels as there are firms in the industry that provide many times more leverage to the clients.
|Alankit Assignments 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|
How To Open Alankit Assignments Demat & Trading Account?
To Open Alankit Assignments Demat Account you need to –
- Click the “Open Demat Account” button given below. A Pop-up form will open, and the form needs to be filled in with your details of yours. Make sure you fill in all the details properly.
- Then next is to submit the form and then you will land on another page, where you will have to upload the documents that are required by the company to verify your identity and background.
- You need to upload, PAN, AADHAAR, Address Proof, Income Proof, and other documents.
- You have to scan the documents and upload them and then click on the submit button.
- Once they are submitted, the executives from Alankit Assignments will call you.
- They will verify your details and documents and after the same, your account will be opened. Then you can start trading once your login credentials are mailed to your registered email id.
As you can see it is not rocket science to Open Alankit Assignments Trading Account and Demat account with Open Alankit Assignments using this article as the reference.
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What are the various Trading Platforms provided by Alankit Assignments?
The Alankit Assignments Trading Platforms cater to the need of the clients for trading. Since everything has been digitalized in the space the firm offers all three kinds of platforms which are –
Alankit Assignments Trading Terminal – Alankit Assignments ODIN
Alankit Assignments Trading Terminal which is the ODIN Diet platform. This is a platform that is used by most of the traders in the industry as it has great features and interfaces specially made for active day traders. It has a lot of research and analytical tools which you can use.
Alankit Assignments Mobile Trading App – Alankit Easy Trade Mobile App
Alankit Assignments Mobile App is also there which is known as Alankit Easy Trade. This platform has been designed for traders who want to trade on the go. With this, they can trade while moving from one to another and can trade anything and everything.
Alankit Assignments Web Trading Platform – Alankit net.net Lite
Last but not least is the Alankit Assignments web-trading platform which is known as the net. elite. It is a web-browser-based trading platform that gives the traders freedom of trading from anywhere possible just with a strong internet connection.
|Alankit Assignments Trading Platforms|
|Here you will find all the important trading platforms available|
|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 Alankit Assignments Trading Applications?
Now, let us see the features all these three trading platforms have –
Alankit Assignments Trading Terminal – Alankit Assignments ODIN Features
- ODIN Diet is a popular terminal software. It is required to be downloaded and installed on your laptop or desktop.
- This software is perfect for traders who trade actively and in bulk.
- The software requires very low bandwidth for superfast performance
- There are no time lags and this helps in securing the targeted price in the market for which you want to trade and placed the order
- You get all the real-time updates and you can track your portfolio all the time using the real-time data
- There are innumerable technical indicators, charts with historical data, and charts that can be analyzed in real-time data as well
- There are a variety of orders that you can place and alteration of orders is also quite smooth
Mobile Trading App Alankit Assignments – Alankit Easy Trade Mobile App Features
- Alankit Easy Trade mobile application has been developed for hassle-free trading while you are on the move. It is lightweight and extremely smooth.
- The charts and the technical indicators which you can access on the terminal, you can access on this mobile trading platform as well.
- You can track your portfolio all the time as you get real-time data and updates on the mobile itself
- There are alerts that you can set for updates in the market so that you can be notified of every price movement of the stock that you are intending to trade.
- There are various news updates and real-time market news flash to keep you updated about the market sentiment.
Alankit Assignments Web Trading Platform – Alankit net.net Lite Features
- net lite is the web-trading platform offered by Alankit Assignments which is one of the best-performing browser-based platforms at present.
- It has plenty of features that make trading easy for traders.
- Starting with technical and analytical tools, risk management tools, and others help the trader assess the risk of the investments
- Tracking portfolio is easy with the platform and you can use the platform on various devices
- It provides all the data in real-time
- You can place the order and alter the orders as per your wish
|Alankit Assignments Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||No|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||No|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||No|
|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?||No|
|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 Alankit Assignments?
The array of Alankit Assignments Products is vast, it comprises many products which are not often offered by many brokers.
You can trade the basic stock markets instruments like equities, currencies, and F&O but the firm doesn’t have commodities under its kitty.
However, it has mutual funds, and SIP investments that you can buy and trade and it also has insurance products which is one of the added benefits that you can get from this firm.
|Alankit Assignments Products|
|Here are the various products provided by it|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||No|
|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 Alankit Assignments?
Alankit Assignments Services are quite basic that include trading and Demat services along with the IPO and intraday facilities.
Apart from these services, there are not many other services which are offered by the firm. They have kept it simple and restricted to the fundamental services which is fine.
|Alankit Assignments Services|
|Check out the various services provided by Alankit Assignments|
|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?||No|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||No|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Do Alankit Assignments provide Research & Advisory to their clients?
The Alankit Assignments Research and Alankit Assignments Advisory services are provided to the clients which include the research reports circulation, so you get the stock research reports and the company’s research report to understand the stock and about the company, and then you can invest.
Then they provide the clients with Alankit Assignments Tips which are for trading purpose ad also top picks of the day for the intraday traders.
The firm also provides monthly reports which is very much required by the clients to understand the market for the previous and upcoming months. The advisory team provides relationship manager service and offline advisory which is beneficial for the traders as well
|Alankit Assignments Research, Advisory & Stock Tips|
|Here are the various research activities are done by it|
|Does the broker share Fundamental Reports?||No|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||No|
|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?||No|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||No|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||No|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of Alankit Assignments?
Alankit Assignments Customer Care can be reached via branches of the firm which are there in twenty different places. The firm has a dedicated dealer facility from the customer support team which helps the clients.
The firm provides customer support both for online and offline trade which is the need of the hour. As you can see the firm has been prudent enough to deal with the customers, so most of the time your queries are answered promptly and issues get resolved easily.
|Alankit Assignments Customer Support|
|Let’s have a better understanding of the Customer Care Service of Alankit Assignments|
|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?||No|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||20|
Are there any Complaints filed against Alankit Assignments by their clients?
The number of Alankit Assignments Complaints is very few and as you can see in the table above, all of the issues were resolved within the same year. This shows how the firm is careful and efficient at its work and provides ultimate solutions to the customers.
|Alankit Assignments Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||7|
|How many of these complaints have been Resolved in BSE?||7|
|What is the total number of Complaints Lodged in NSE?||10|
|How many of these complaints have been Resolved in NSE?||10|
What Are The Advantages / Benefits Of Alankit Assignments Trading Account?
There are various benefits of Alankit Assignments Trading Account and trading with it and here are some of the benefits that you would like to know –
- It provides one of the most flexible brokerage plans. You can decide how much you want to pay by keeping a margin of that sort.
- The traditional broker has 25+ years of experience
- The maintenance amount of the accounts is nominal and free in the case of a trading account
- The trading platform is well-advanced and easy to use
- Dedicated customer care support is available
What are the Alankit Assignments Review & Ratings as per their Customer?
Alankit Assignments Ratings suggest that the firm is averagely liked by the customers and they need to upgrade all their aspects to better their ratings.
As you can see in the table above, the Alankit Assignments Review by the customers is around 5 points out of 10 which is average and nothing great about the firm. Most importantly, they need to improve brokerage plans and also products and services.
|Alankit Assignments Ratings & Reviews|
|We are looking at Company’s Ratings on various parameters|
|Stock Market Research & Broking Advisory||5.6/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||5.4/10|
|Types of Products & Services the Brand provides||5.5/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||5.7/10|
|Experience in the Broking Business||5.6/10|
|Total Avg. Rating of Broking House||5.6/10|
|Star Rating is given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||129|
Alankit Assignments Conclusion
Alankit Assignments Review above gives a clear view of the Alankit Assignments firm which provides a variety of stock market and investment solutions but it needs betterment for reaching out to more clients and traders.
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