Aditya Birla Money Limited Review | Brokerage Charges, Account Opening
The philosophy of the rich and poor is that the person is rich because of investing habits i.e. rich is used to be invest first and spend what is left whereas poor always spend first and invest if anything left after spending otherwise no investing. The difference inhabits between the persons that makes them rich or poor. In this modern technical era, internet makes investing and trading very easy and simple. There are many brokers who offer many types of financial services but Aditya Birla is a big and trusted brand of the financial industry of India. Aditya Birla Money Limited was incorporated on 1994 as a stock brokerage firm which is a wholly-owned subsidiary of Aditya Birla Capital Limited. Aditya Birla Money Limited provides the facility to invest in NSE, BSE, MCX and NCDEX. Aditya Birla Money Ltd and Aditya Birla Capital Ltd are the subsidiaries of Aditya Birla group. Aditya Birla Money Limited is the depository participant of CDSL and NSDL, it offers demat and trading account services in its platform. Aditya Birla Money Pvt Limited offers many types of financial services to invest in such as equity, derivative, mutual funds, currency, commodity, IPO, insurance and bonds. The main objective of the Aditya Birla Money Limited is to maximize the client’s profit by providing world-class services in affordable and minimum cost.
Aditya Birla Money Limited Head office has a strong presence with a network of 850+ branches and more than 2,00,000 channel partners spread across India. Aditya Birla Money Limited (ABML) is a SEBI registered and diverse platform through which any one can invest in their favourite companies. Aditya Birla Money Limited (ABML) is a very diverse and prestigious platform operates in 36 countries across the globe.
Aditya Birla Money Online Account Opening Charges
You don’t need to pay any amount to open a demat account for Aditya Birla Money online trading.
Account | Charges |
Trading Account Opening Charges | Rs 750 |
Trading Account AMC | Rs 0 |
Demat Account Opening Charges | Rs 0 |
Demat AMC | Rs 436 annually |
Aditya Birla Money Ltd Brokerage Charges
While trading in the stock market on Aditya Birla Money Limited, you need to pay brokerage which is different for all the segments.
• Equity Delivery : 0.30%
• Equity Intraday : 0.03%
• Equity Futures : 0.03%
• Equity Options : Rs 50 per lot
• Currency Futures : 0.03%
• Currency Options : Rs 50 per lot
• Commodity Futures : 0.03%
• Commodity Options : Nil
Aditya Birla Money Limited Other Charges
Aditya Birla Money Trading Charges are the fees charged by the company for the trading of securities. These charges are used to cover the costs associated with the buying and selling of securities, as well as the company's profit. Aditya Birla Money Pvt Limited other charges are follows:
Taxes | Rates |
Securities Transaction Tax (STT) |
|
GST | 18% on (Brokerage + Transaction + SEBI fee) |
SEBI Charges | 0.00005% (Rs.5/crore) |
Stamp Duty | (On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001% Commodity Futures- 0.002%, Commodity Options- 0.003% |
Aditya Birla Money Limited Trading Software
Aditya Birla Money Limited offers free trading software and tools to the clients which are as follows:
1. Express Trade (Desktop Trading Software) – It is a desktop-based trading platform through which you can trade in multiple segments.
2. Mobile Invest (Mobile-based Trading App) – This is a smartphone-based Aditya Birla money mobile trading app that allows customers to trade from any place across India.
3. ABTrade Platform (Web-based Trading Platform) – This is a browser-based trading website easily accessible from any browser such as Google Chrome, Mozilla Firebox, Safari, Internet Explorer etc.
4. Portfolio Tracker – This is a real-time portfolio tracker that provides the facility to track and trade from a single interface.
5. Aditya Birla Money Trade Metri(S)Ks – This is an online trading analytics tool that is useful for the in-depth analysis of your trading patterns.
Aditya Birla Money Limited Margin
Aditya Birla Money span margin are given below:
Segment | Margin |
Equity Delivery | No margin |
Equity Intraday | Up to 6x (Based on the stock) |
Equity Future | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
Equity Option | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
Currency Futures | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
Currency Option | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
Commodity Futures | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
Aditya Birla Money Limited Advantages & Disadvantages
Aditya Birla Money Limited is a very old and popular broker. We must read advantages and disadvantages before choosing Aditya Birla Money Limited.
Advantages:
• Full-secure and diversified platform.
• Online & offline both account opening facility.
• Margin & leverage facility.
• Free & paperless demat account opening facility.
• Offers research and recommendation services.
• A wide range of trading software.
• 24/7/365 customer support.
• 850+ branches across India.
• Safe & secure platform.
Disadvantages:
• Does not offer Aditya Birla 3 in 1 account.
• Does not offer online IPO application services.
You can know more details about Aditya Birla Money Limited by visiting Aditya Birla Money Limited website. On this website, you can also get Aditya Birla Money Limited contact details or Aditya Birla Money Ltd email id. Aditya Birla Money Limited Customer Care provides the service 24X7.
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