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Mangal Keshav Vs Nirmal Bang: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Mangal Keshav ranges between 0.03% to 0.30% while the brokerage of Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3 out of 5. Number of active customer for Nirmal Bang is 1,31,473 where number of active customer for Mangal Keshav is 6,671. Nirmal Bang is serving more customer compare to Mangal Keshav.

Here we present side-by-side comparison of Mangal Keshav vs Nirmal Bang share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Mangal Keshav vs Nirmal Bang's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Mangal Keshav vs Nirmal Bang share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Mangal Keshav vs Nirmal Bang's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Mangal Keshav vs Nirmal Bang on Service

  Mangal Keshav Compare
Mangal Keshav
Nirmal Bang Compare
Nirmal Bang
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 6,671 1,31,473
Broker Overview Mangal Keshav being an active member of BSE since 1939 is one of the oldest stock broking houses in India. Multi-product avenues, all types of trading platforms (web, app, and desktop software), research-driven tips & advisory, portfolio manageme... Know more about Mangal Keshav Open a free trading & demat account with one of the most prominent full-service brokers in India. Get the best Nirmal Bang Research & advisory, portfolio management services, and trade on the superfast Beyond and ODIN trading platforms.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Mangal Keshav vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Mangal Keshav with Nirmal Bang on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Mangal Keshav charges Rs 750 PA AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Mangal Keshav with Nirmal Bang
Charges Mangal Keshav Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 750 PA Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Mangal Keshav vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Mangal Keshav with Nirmal Bang. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Mangal Keshav with Nirmal Bang on Plan Options
Plan Types Mangal Keshav Nirmal Bang
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

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Account Opening Request
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Brokerage Charges

Compare Mangal Keshav vs Nirmal Bang on Brokerage Charges

Mangal Keshav Brokerage Plan detail - This is a standard plan by Mangal Keshav. This is a % based brokerage plan. Brokerage is between .03% to .30%, which is 3 paisa to 30 paise per 100 rs.

Nirmal Bang Brokerage Plan detail - Nirmal Bang default brokerage plan charges a fixed rate of percentage-based brokerage fee on trading in different segments.

Brokerage Charges - Compare Mangal Keshav with Nirmal Bang
Brokerage Charges Compare Mangal Keshav Nirmal Bang
Plan Name Standard Brokerage Trading Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.30% or 30 paisa 0.2% or 20 paisa
Equity Intraday 0.03% or 3 paisa 0.02% or 2 paisa
Equity Futures 0.03% or 3 paisa 0.02% or 2 paisa
Equity Options Rs 100 Per Lot Rs 35 Per Lot
Currency Futures 0.03% or 3 paisa 0.02% or 2 paisa
Currency Options Rs 50 Per Lot Rs 20 Per Lot
Commodity Trading 0.03% or 3 paisa 0.02% or 2 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges NA NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for Mangal Keshav Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Mangal Keshav vs Nirmal Bang on Transaction Charges

Compare Mangal Keshav with Nirmal Bang on transaction charges and PCM fee by segment.

Transaction Charges - Compare Mangal Keshav with Nirmal Bang
Transaction Charges Compare Mangal Keshav Nirmal Bang
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for mangal-keshav Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Mangal Keshav vs Nirmal Bang on Account Features

Compare Mangal Keshav with Nirmal Bang on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Mangal Keshav offers NRI where Nirmal Bang doesn't offers NRI Trading.

Account Features - Mangal Keshav with Nirmal Bang
Account Features Compare Mangal Keshav Nirmal Bang
3 in 1 Account No Mangal Keshav have 2-in-1 account. Only Demate and Trading account. No Mangal Keshav have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Mangal Keshav vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Mangal Keshav and Nirmal Bang. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Mangal Keshav with Nirmal Bang
Trading Platform Compare Mangal Keshav Nirmal Bang
Desktop Trading Platform Mangal Trader ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Mangal Keshav Web Trading Platform https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Mangal Trader Beyond
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Mangal Trader Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Mangal Trader Download iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Mangal Keshav Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Mangal Keshav Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Mangal Keshav Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for mangal-keshav Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Mangal Keshav vs Nirmal Bang on User Rating

  Mangal Keshav Nirmal Bang
  1 Customer Reviews    Rate Mangal Keshav 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 5.0 3.5
Trading Brokerage Rating 5.0 4.0
Trading Platform Usability 4.0 3.0
Customer Service Ratings 4.0 3.5
Overall Ratings 5.0 3.5
Broker Rating Mangal Keshav is Rated 5.0 / 5 based on 1 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Mangal Keshav vs Nirmal Bang on Investment Offerings

Compare Mangal Keshav with Nirmal Bang on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Mangal Keshav with Nirmal Bang
Investment Offerings Compare Mangal Keshav Nirmal Bang
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment No No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Mangal Keshav vs Nirmal Bang on Order Types

Order Type - Compare Mangal Keshav with Nirmal Bang on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Both broker don't have Cover Orders (CO).Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Mangal Keshav with Nirmal Bang
Order Type Compare Mangal Keshav Nirmal Bang
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Mangal Keshav vs Nirmal Bang on Customer Service

Compare Mangal Keshav with Nirmal Bang on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Mangal Keshav with Nirmal Bang
Customer Service Compare Mangal Keshav Nirmal Bang
24/7 Customer Service Mangal Keshav vs Nirmal Bang - 24x7 customer support No No
Email Support Mangal Keshav vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Mangal Keshav vs Nirmal Bang - Onine Live Chat No No
Phone Support Mangal Keshav vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Mangal Keshav vs Nirmal Bang - Toll Free Number Yes No
Through Branches Mangal Keshav vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number Mangal Keshav vs Nirmal Bang - Customer Care Number +91 22 6190 8000 Info Not Available
Account Opening Process Mangal Keshav vs Nirmal Bang - Account Opening Process Info Not Available Info Not Available
Customer Support Email Mangal Keshav vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Mangal Keshav vs Nirmal Bang - Knowledge Center/Education https://www.mangalkeshav.com/knowledge-panel Info Not Available
Head Office Address Mangal Keshav vs Nirmal Bang - Head Office Address/Corporate Address Info Not Available Info Not Available
Website Mangal Keshav vs Nirmal Bang - Company Website https://www.mangalkeshav.com/ Info Not Available
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Tips/Research/Reports Published

Compare Mangal Keshav vs Nirmal Bang on Research Reports, Tips

Compare Mangal Keshav with Nirmal Bang on research reports and tips provided by the broker.

Research Reports - Compare Mangal Keshav with Nirmal Bang
  Mangal Keshav Nirmal Bang
Research Mutual Funds Mangal Keshav vs Nirmal Bang - Research Mutual Funds Yes Yes
Research Equity Reports Mangal Keshav vs Nirmal Bang - Research Equity Reports Yes Yes
Research ETF Mangal Keshav vs Nirmal Bang - Research ETF Yes Yes
Daily Market Report Mangal Keshav vs Nirmal Bang - Daily Market Report Yes Yes
Free Tips Mangal Keshav vs Nirmal Bang - Free Tips Yes Yes
Quarterly Result Analysis Mangal Keshav vs Nirmal Bang - Quarterly Results Yes Yes
News Alerts Mangal Keshav vs Nirmal Bang - Yes Yes
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Demat Account

Compare Mangal Keshav vs Nirmal Bang on Demat Account

Compare Mangal Keshav with Nirmal Bang on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Nirmal Bang is ₹360 pa where for Mangal Keshav is ₹1000 Refundable deposit.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Mangal Keshav is 0.05% of transaction value (Min ₹100) where for Nirmal Bang is 0.03% of the transaction value (Min ₹15).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Mangal Keshav with Nirmal Bang
  Mangal Keshav Nirmal Bang
DP Source CDSL CDSL
DP ID Mangal Keshav vs Nirmal Bang - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹1000 Refundable deposit ₹360 pa
Advance Deposit Deposit Scheme ? Rs.1000/-, where AMC will not be charged and amount will be refundable at Time of Closure of demat account. If the account is closed prior to one year deposit amount will not be refunded. NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.05% of transaction value (Min ₹100) 0.03% of the transaction value (Min ₹15)
Demat ₹100 per certificate + ₹150 courier charges ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹100 per certificate + ₹150 courier charges + CDSL charges 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation 0.02% of transaction value + CDSL charges 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.02% of transaction value + CDSL charges 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation Nil Nil
Pledge Invocation 0.02% of transaction value + CDSL charges 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Mangal Keshav vs Nirmal Bang on Special Offers and Promotion

Compare Mangal Keshav with Nirmal Bang on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Mangal Keshav vs Nirmal Bang on Special Offers and Promotion
  Mangal Keshav Nirmal Bang
Pay In and Pay Out Options Mangal Keshav vs Nirmal Bang - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time Mangal Keshav vs Nirmal Bang - Payout Time Info Not Available Info Not Available
Bank Supported and Charges Mangal Keshav vs Nirmal Bang - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • Zero Demat account opening charges.
  • One stop for all trading & investment products & services.
  • Trade on mobile app, web, and desktop applications.
  • Robust back-office system.
  • Easy deposit and withdrawal process.
  • Invest in IPO and mutual funds.
  • Get tailor-made portfolio suggestions with PMS services.
  • Market analysis, micro & macro research, equity research, mutual funds research, etc.
  • Dedicated relationship manager (RM).
  • Margin Trading Facility (MTF) is available.
  • Knowledge panel and blogs for beginners.

Detail Review...

  • Multiple trading and investment products.
  • Zero account opening fees.
  • Low maintenance charges.
  • Trade on the web, Beyond mobile app, and ODIN desktop platform.
  • Next-gen Algo trading platform to automate your trading journey.
  • Technical calls and research across equity, commodity, currency, mutual funds, etc.
  • Institutional research including sector and company-specific reports.
  • An abundance of educational sources i.e., articles, blogs, and educational videos.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • After-market order (AMO) facility.

Detail Review...

Dislikes
  • Upfront Margin money is required in the trading account.
  • Does not offer a 3-in-1 account.
  • No direct mutual fund offerings.
  • Non-negotiable and non-transparent brokerage fee structure.
  • The brokerage fee is significantly higher than flat discount brokerage houses.
  • No Good till triggered (GTT) order feature.

Detail Review...

  • Nirmal Bang does not provide Good Till Triggered (GTT) order
  • High brokerage charges than discount brokers.
  • Minimum margin money of Rs. 10,000 is required to maintain.
  • It does not provide a 3-in-1 account opening facility.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-27T23:07:29+00:00