FundsIndia Vs IIFL Securities
FundsIndia
FundsIndia's overall views, updates & reviews. All about Services, Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account & more
IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
FundsIndia Vs IIFL Securities - Broker Details
| FundsIndia | IIFL Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2009 | 1995 |
| Exchanges | Sebi | NSE, BSE, MCX and NCDEX |
| Branches | Zero | 2000+ |
| Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Broker Type | Full Service Broker | Full Service Broker |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Account Opening & AMC Charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹200 /-(Service Tax) 2nd Year onwards | ₹0 (Free) for the first year | ₹250 + GST from the next year onwards |
| Trading Account AMC | N/A | ₹0 (Free) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Brokerage charges & Plans
| FundsIndia | IIFL Securities | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | N/A | ₹20/ Order |
| Equity Delivery | 0.01% | ₹20/ Order |
| Equity Options | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Currency Options | N/A | ₹20/ Order |
| Fixed Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Equity Intraday | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Other Charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹50/ Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Minimum Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Transaction Charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| Currency Options | N/A | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | 0.0035% on turnover | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | 0.0035% on turnover | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | 0.0035% on turnover | NSE: 0.053% on Premium value |
| Commodity | N/A | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | N/A | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | 0.1% on the transaction amount | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Margin (Exposure)
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Features
| FundsIndia | IIFL Securities | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | 5-Day Margin trading can be done between 9:15 AM – 3:30 PM. However, you should square off the open position by 2:30 PM* on T+5 days. | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Review & Rating
| FundsIndia | IIFL Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Request a call back from Broker
| FundsIndia | IIFL Securities | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Investment Options
| FundsIndia | IIFL Securities | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Order Type
| FundsIndia | IIFL Securities | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Research & Report
| FundsIndia | IIFL Securities | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Daily Market Report
| FundsIndia | IIFL Securities | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Suitable For Investor
| FundsIndia | IIFL Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Pros & Cons
| FundsIndia | IIFL Securities | |
|---|---|---|
| Pros | 1.FundsIndia is the best investment platform in India. 2. Mutual fund services are free. 3) No Demat Charges 4) It is a trustworthy broker 5) For Customers’ convenience, the mobile trading app is available. 6) It has the best team for research analyst. | 1. It is a full-service broker that has an extended network of branches to guide and help the customers online as well as offline. 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. It provides the best trading terminal to its customers. 4. It has a vast range of financial products that includes stocks, derivatives, bonds, IPO, Mutual Funds, Corporate FDs and Insurance. 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Equity Systematic Investment Plan I.e. Equity SIP. 7. It provides advanced order type like Valid till Date (VTD). |
| Cons | 1.No support in the currency or commodity markets. 2.Low exposure values are available. 3.Customer service response can improve. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account since IIFL does not have banking license. 3. It does not provide the facility of Mutual funds. |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Background
| FundsIndia | IIFL Securities | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Compare All Brokers
| FundsIndia | IIFL Securities | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - STT/CTT
| FundsIndia | IIFL Securities | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on Sell Side Non-Agri |
| Currency Futures | N/A | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on Sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell (on Premium) |
| Currency Options | N/A | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on Sell Side | 0.01 % on Sell |
| Commodity Options | N/A | 0.05% on Sell Side |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Demat transaction charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹15 + Gst per scrip only on sell | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - GST
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - SEBI Charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Account Opening & AMC Charges
FundsIndia
IIFL Securities
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹200 /-(Service Tax) 2nd Year onwards
₹0 (Free) for the first year | ₹250 + GST from the next year onwards
Trading Account AMC
N/A
₹0 (Free)
FundsIndia Vs IIFL Securities
| FundsIndia | IIFL Securities | |
|---|---|---|
FundsIndia Review 2024FundsIndia is an online investment brokerage platform that was incorporated in the year 2009 by Fundsindia founders C.R. Chandrasekar and Srikanth Meenakshi, who completed their education at the University of Hyderabad. FundsIndia is India’s friendliest online-only investm .. + " Vs "+ IIFL Securities |
IIFL Securities Review | Features and Brokerage PlansIIFL Securities is a part of IIFL Group. IIFL group was incorporated in the year 1995 while IIFL Securities was incorporated in the year 1996. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial s .. |
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IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
FundsIndia Vs IIFL Securities - Brokerage charges & Plans
| FundsIndia | IIFL Securities | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | N/A | ₹20/ Order |
| Equity Delivery | 0.01% | ₹20/ Order |
| Equity Options | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Currency Options | N/A | ₹20/ Order |
| Fixed Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Equity Intraday | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Margin (Exposure)
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs IIFL Securities - Other Charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹50/ Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Minimum Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account |
FundsIndia Vs IIFL Securities - STT/CTT
| FundsIndia | IIFL Securities | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on Sell Side Non-Agri |
| Currency Futures | N/A | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on Sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell (on Premium) |
| Currency Options | N/A | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on Sell Side | 0.01 % on Sell |
| Commodity Options | N/A | 0.05% on Sell Side |
| Call Back Open Account |
FundsIndia Vs IIFL Securities - Demat transaction charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹15 + Gst per scrip only on sell | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
| Call Back Open Account |
FundsIndia Vs IIFL Securities - GST
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
FundsIndia Vs IIFL Securities - SEBI Charges
| FundsIndia | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
FundsIndia Vs IIFL Securities - Features
| FundsIndia | IIFL Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | 5-Day Margin trading can be done between 9:15 AM – 3:30 PM. However, you should square off the open position by 2:30 PM* on T+5 days. | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
| Call Back Open Account | Call Back Open Account |