Anugrah Stock Broking is a great company dealing in fiscal trading since 2003 in the business of trade support and activities.
Here, we have curated an Anugrah Stock Broking Review that will include every little detail about the company one needs to know to get started.
Included here are the company’s beneficial products as well as its exceptional services. This piece of writing consists of data on account opening details, offers, brokerage charges & fees, and many more.
The company, being a private one, overtook many of the veteran, reputed companies in the market with the help of their services and the kind of benefits they offer. Read this review thoroughly to understand the contribution of the company in the field of trade.
|Anugrah Stock Highlights|
|Broker Type||Full-Service Broker|
|Demat Account AMC||Rs.250 per Annum|
|Margin Required||Rs.0 – Rs.300,000|
|Intraday Brokerage||0.01% – 0.04%|
|Delivery Brokerage||0.1% – 0.4%|
What do you know about Anugrah Stock?
Anugrah Stock Broking began back in the early 2000s. The founder of the company Mr. Prakesh Kariya set up the company in the financial capital of the country in Mumbai, Maharashtra in 2003.
In this Anugrah Stock Brokig Review, we will discuss the firm that has been dealing in Full-Service Brokerage for more than a decade now. This private company offers services in derivative as well as equity trading domains to its customers.
|About Anugrah Stock|
|Know a few details about Anugrah Stock|
|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?||Mumbai, Maharashtra|
|Who is the Founder of this Company?||Paresh Kariya|
|When did the company start?||2003|
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What are the various Demat Account Opening Charges levied by Anugrah Stock?
Anugrah Stock deals in NSDL and CDSL Depository Sources and also allows their customer to open Anugrah Stock Broking Demat Accounts which would cost them a sum of Rs 400. They also charge an AMC for the Demat Account which is Rs 250 per annum.
Customers can also open a Trading account for absolutely free and wouldn’t have to pay a single penny for its AMC. However, there is a Margin Money to be maintained that would range from somewhere between Rs 0 to Rs 3,00,000.
Anugrah Stock Broking Account Opening is as simple as it gets, they also provide a facility that allows you to take your offline account and use it online.
|Anugrah Stock Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Anugrah Stock|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||Rs.400|
|How much is the Demat AMC?||Rs.250 per Annum|
|What is the Trading AMC?||Free|
|What is the initial Margin amount required?||Rs.0 – Rs.300,000|
|Is dematerialization available?||Yes|
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Does Anugrah Stock provide any Offers to their Clients?
Anugrah Stock Broking Offers gives many useful offers to their account owners. The provider offers such as Free Trading Account, Flexible Brokerage Plan, and Holiday offer so that all the account holders can benefit from these offers.
|Anugrah Stock 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?||Yes|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||Yes|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by Anugrah Stock on various Segments?
Now if we go through the Anugrah Stock Brokerage Charges we will see how convenient their charges are. Their Equity Delivery Charges range between 0.1 percent and 0.4 percent whereas the others like Equity Intraday Charges, Commodity Trading Charges, Equity Futures Charges, and Currency Futures Charges all range between 0.01 percent and 0.04 percent.
Anugrah Stock also charges Equity Options and Currency Options at Rs 15 to Rs 75 per lot. As discussed earlier the company also charges a sum of Rs 250 as Demat AMC, whereas everything related to Trading Account is free.
The minimum brokerage is however charged based on a percentage of the transaction and the Margin Money remains between Rs 0 to Rs 3,00,000.
|Anugrah Stock Brokerage Charges|
|Here you will find details of brokerage levied by Anugrah Stock on all segments|
|What are the Equity Delivery Charges?||0.1% – 0.4%|
|What are the Equity Intraday Charges?||0.01% – 0.04%|
|How much brokerage charged for Commodity Trading?||0.01% – 0.04%|
|What is the brokerage on Equity Futures?||0.01% – 0.04%|
|How much brokerage charged for Equity Options?||Rs.15 – Rs.75 per Lot|
|What is the brokerage on Currency Futures?||0.01% – 0.04%|
|What is the brokerage on Currency Options?||Rs.15 – Rs.75 per Lot|
|How much is the Minimum Brokerage required?||Percentage of Transaction|
|What is the Demat AMC?||Rs.250 per Annum|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||Rs.0 – Rs.300,000|
Does Anugrah Stock levy any other charges apart from Brokerage?
Other Anugrah Stock Broking Charges include a transaction charge of 0.00325 percent, an STT charge of 0.0126 percent on the total turnover, and a SEBI turnover charge of 0.0002 percent on the total turnover.
They also charge GST of 18 percent which includes both total brokerages alongside transaction charges. There exists a very small Stamp Duty as per the state rule.
|Anugrah Stock Charges|
|Get a deep understanding of all other charges levied by it|
|How much are the Transaction Charges levied?||0.00325%|
|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 is the GST charged?||18% of (Brokerage + Transaction Charges)|
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What is the Limit or Exposure offered by Anugrah Stock?
Anugrah Stock Broking Exposure is the one to watch. They are giving out very good exposures, e.g., up to 2 times exposure to Equity Delivery, Currency Futures, and Equity Futures. On the other hand, exposure is up to 6 times in the case of Equity Intraday.
Other categories like Equity Options are getting an exposure up to 4 times while Currency Options and Commodity Trading are getting exposure up to 3 times. Thus we can say that the Anugrah Stock Broking Margin is quite high making it one of the favored discounted brokers for both traders and clients.
|Anugrah Stock Exposure or Leverage|
|Here you will find the exposure or limit provided by it|
|How much is the limit on Equity Delivery?||Upto 2X|
|What is the limit on Equity Intraday?||Upto 6X|
|How much is the limit on Equity Futures?||Upto 2X|
|What is the limit on Equity Options?||Upto 4X|
|What is the exposure on Currency Futures?||Upto 2X|
|How much is the leverage on Currency Options?||Upto 3X|
|What is the limit on Commodity Trading?||Upto 3X|
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How to Open Anugrah Stock Broking Demat And Trading Account?
If you want to Open Anugrah Stock Broking Demat Account, you will have to follow the steps listed below:
- Click on the button that says “open Demat account” given below
- Fill up the proforma with your city name, mobile number, name, etc
- You will get a call from one of the Anugrah Stock representatives
- They will provide you with a link, using which you will have to upload your KYC details
- After that, you will have to upload the KYC documents that are asked of you, e.g., your photograph, address proof, identity proof, age proof, PAN card, and Aadhar Card
- Once your documents are verified, you will have full access to your account within a few hours
On the other hand, if you choose to Open Anugrah Stock Broking Trading Account, you will have to do nothing as everything is free.
What are the various Trading Platforms provided by Anugrah Stock?
The Anugrah Stock Broking Trading Platforms are pioneering and extremely superior. They are brisk to make the trades of the customers at a price they would like. The company also offers Anugrah Stock Broking Mobile App, Anugrah Stock Broking Trading Terminal, and Anugrah Stock Web-based platform.
Anugrah Stock Trading Terminal
It is available both offline and online. It is recommended to use the online version of their web services or else you can install their mobile application to get effectual results. Some of the other feature the company offers are:
- You will find many services under Anurgah Stock Trading Terminal
- The services that these trading platforms offer not only save your time but also cuts down on your work with a terrific performance
Anugrah Stock Web Trading
It is available with several helpful services like Real-Time Updates, Portfolio Details, News Flash, Research Reports, Easy Installation, Global Indices, Stock Tips, etc. Live market streaming with Anugrah Stock is super simple.
Anugrah Stock Mobile Trading App
An efficient mobile application is available for download with no trouble. The mobile application is found to be very helpful to all users.
Users can effortlessly take part in Live Market analysis and Interactive Charts in a few seconds. The Users also get the facilities of Email/SMS alerts including other useful techniques and tips on the market.
There are plenty of platform services that are unavailable such as Multi-Account Management, Personalised Advisory, Online MF Buy, Other Mobile OS Platform, Windows App Platforms,s and Mobile Site Platforms.
|Anugrah Stock Trading Platforms|
|Here you will find all the important trading platforms available with Anugrah Stock|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing a Web Trading Platforms?||Yes|
|Do they have a Mobile Web Platform?||No|
|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 Anugrah Stock Trading Applications?
The Anugrah Stock Broking Trading App offers several features to its customers. Under the Anugrah Stock Broking Web Trading Terminal, you get features like Real-Time Updates, Portfolio Details, News Flash, Research Reports, Easy Installation and Usage, Global Indices, Stock Tips, Interactive Chartings, Live Markets Data, SMS/Email Alerts.
The Anugrah Stock Broking Trading Terminal as discussed earlier cuts down heavily on time as well as work.
|Anugrah Stock Trading Application Features|
|Here you will find various features available in Trading Platforms provided by Anugrah Stock|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Are this software providing Online MF Buy?||No|
|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 Anugrah Stock?
The products that we get under the Anugrah Stock Broking Products are Equity Trading, Commodity Trading, Trading Products, Options, and Futures.
However, the company does not do business in Insurance, SIP, Banking Products, Forex Trading, and Mutual Funds services.
|Anugrah Stock Products|
|Here are the various products provided by Anugrah Stock|
|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?||No|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||No|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Anugrah Stock?
Anugrah Stock Broking Services is undoubtedly one of the best in this field. They offer services like Demat Services and Trading Services. Intraday Services and IPO Services alongside Stock Recommendations are available to the customers.
There is also a 6 times exposure in Trading. However, customers don’t get services like 3 in 1 Account Service or providing tools for Robo Advisory. Neither do they get PMS nor Trading institution?
|Anugrah Stock Services|
|Check out the various services provided by Anugrah Stock|
|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?||No|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 6X|
Does Anugrah Stock provide Research & Advisory to their clients?
Anugrah Stock Broking Research and Anugrah Stock Broking Advisory are both very strong as it offers Fundamental Reports, Research Reports, Company Reports to the clients, Annual Reports of Companies, Company Stock Review, Stock Tips to their clients, and analyze and share IPO reports.
The Anugrah Stock Broking Tips are very beneficial to the customers. They have offline advisory as well. The firm also offers Relationship Managers to clients.
|Anugrah Stock Research, Advisory & Stock Tips|
|Here are the various research activities are done by Anugrah Stock|
|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?||Yes|
|Do they share Company Stock Reviews?||Yes|
|Are they sharing Free Stock Tips with their clients?||Yes|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||No|
|Are they sharing Daily Market Review?||No|
|Do they have Monthly Reports?||No|
|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 Anugrah Stock?
Anugrah Stock currently holds a network of nearly 382 sub-brokers and several branches in the entire nation that are serving both online and offline trading facilities. They are available 24*7 for any kind of help.
|Anugrah Stock Customer Support|
|Let’s have a better understanding of the Customer Care Service of Anugrah Stock|
|Are they providing Dedicated dealers to their clients?||No|
|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?||382|
Are there any Complaints filed against Anugrah Stock by their clients?
Taking into consideration the statistics from last year, we did not find any complaints against the firm with BSE.
However, there have been 3 complaints in total from NSE which have been resolved shortly, which shows how the company takes everything seriously. The Anugrah Stock Broking Complaints help us to determine the company’s goal to deal with no hiccups whatsoever.
|Anugrah Stock Complaints|
|Here you will know about the Complaints lodged against Anugrah Stock|
|What is the total number of Complaints Lodged in BSE?||0|
|How many of these complaints have been Resolved in BSE?||0|
|What is the total number of Complaints Lodged in NSE?||3|
|How many of these complaints have been Resolved in NSE?||3|
What Are the Advantages/Benefits Of Anugrah Stock Broking Trading Accounts?
Anugrah Stock Broking Trading Account is very favored among the clients as they offer so many benefits:
- The company offer Trading Account Service for free
- There are no brokerage charges whatsoever on opening a trading account with them
- The maintenance cost for Trading Account is also free
What are the Anugrah Stock Review & Ratings as per their Customer?
The Anugrah Stock Broking Rating and the Anugrah Stock Broking Review by their traders and clients imply that they are very satisfied with their services.
Their review and ratings have become a benchmark for others as there is barely any firm in the market that has a rating of 2.5 out of 5. This shows how satisfied the customers are with this company.
|Anugrah Stock Ratings & Reviews|
|We are looking at Company’s Ratings on various parameters|
|Stock Market Research & Broking Advisory||2.5/5|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||2.6/5|
|Types of Products & Services the Brand provides||2.4/5|
|Performance Mobile App, Trading Terminal & Web Trading Platform||2.5/5|
|Experience in the Broking Business||2.3/5|
|Total Avg. Rating of Broking House||2.5/5|
|Star Rating given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||240|
Anugrah Stock Conclusion
In this ANUGRAH STOCK BROKING REVIEW, we have established the fact that Anugrah Stock Broking is one of the most reputed companies currently in the market dealing in the field of trade. Since 2003 the company has worked hard to develop and deliver the best to its customers.
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