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Monarch Networth Vs SBICAP Securities: Which one is better?

Both the brokers are registered with SEBI. Monarch Networth offers investmenet in Equity, F&O, Currency and Commodities, where SBICAP Securities offers investment in Equity, F&O and Currency only. The brokerage of Monarch Networth ranges between 0.03% to 0.30% while the brokerage of SBICAP Securities ranges between .05 to 0.50%. Both the brokers are Full Service brokers. Monarch Networth is having overall lower rating compare to SBICAP Securities. Monarch Networth is rated only 3 out of 5 where SBICAP Securities is rated 4 out of 5. Number of active customer for SBICAP Securities is 8,30,820 where number of active customer for Monarch Networth is 57,228. SBICAP Securities is serving more customer compare to Monarch Networth.

Here we present side-by-side comparison of Monarch Networth vs SBICAP Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Monarch Networth vs SBICAP Securities'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 Monarch Networth vs SBICAP Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Monarch Networth vs SBICAP Securities'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 Monarch Networth vs SBICAP Securities on Service

  Monarch Networth Compare
Monarch Networth
SBICAP Securities Compare
SBICAP Securities
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 NSE, BSE
Active Clients 57,228 8,30,820
Broker Overview Free Demat Account opening, flexible brokerage plans, an array of online trading platforms, and free equity, commodity, & currency research make Monarch Networth a recommended broker in the list. Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ...Know more about SBICAP Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Monarch Networth vs SBICAP Securities on Trading & Demat Account Opening Charges

Comparison of Monarch Networth with SBICAP Securities on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth offer Free account opening where SBICAP Securities charges Rs 850 for account opening. Demat AMC charges - Monarch Networth charges Rs 225 PA AMC for Demat account where SBICAP Securities charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with SBICAP Securities
Charges Monarch Networth SBICAP Securities
Trading Account Opening Fees Free Rs 850
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 225 PA Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Monarch Networth vs SBICAP Securities on Plan Options

Plans are the most important feature you look when compare Monarch Networth with SBICAP Securities. 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 Monarch Networth with SBICAP Securities on Plan Options
Plan Types Monarch Networth SBICAP Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs SBICAP Securities on Brokerage Charges

Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct. This is a % based brokerage plan that charges a fixed fee of 0.03% to 0.30%.

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

Brokerage Charges - Compare Monarch Networth with SBICAP Securities
Brokerage Charges Compare Monarch Networth SBICAP Securities
Plan Name Basic Trading Plan (Percentage Based) Standard or default brokerage plan
Equity Delivery 0.30% 0.50%
Equity Intraday 0.03% 0.05%
Equity Futures 0.03% 0.05%
Equity Options Rs 100 per lot Rs 100 Per Lot
Currency Futures 0.03% 0.03%
Currency Options Rs 100 per lot Rs 30 Per Lot
Commodity Trading Rs 100 per lot Rs. 100 per lot
Minimum Brokerage NIL Rs 0.05 for Cash, Rs 0.01 Future
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges NA Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call.
Auto Square off Charges NA First Free 30 per month, after Rs 10 per square-off
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for SBICAP Securities
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Share Broker's Transaction Charges

Compare Monarch Networth vs SBICAP Securities on Transaction Charges

Compare Monarch Networth with SBICAP Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare Monarch Networth with SBICAP Securities
Transaction Charges Compare Monarch Networth SBICAP Securities
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 NA
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for sbicap-securities
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Account Features

Compare Monarch Networth vs SBICAP Securities on Account Features

Compare Monarch Networth with SBICAP Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - SBICAP Securities offers 3-in-1 account where Monarch Networth offers only 2-in-1 account which includes trading and demat account. Algo Trading - Monarch Networth offers Algo Trading where SBICAP Securities doesn't offers Algo Trading. Margin Funding - Monarch Networth offers a margin funding where SBICAP Securities doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Monarch Networth with SBICAP Securities
Account Features Compare Monarch Networth SBICAP Securities
3 in 1 Account No Monarch Networth have 2-in-1 account. Only Demate and Trading account. Yes, Monarch Networth have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features Trading software terminal: Fast trade Trading software terminal: ODIN Diet
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Trading Platform

Compare Monarch Networth vs SBICAP Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and SBICAP Securities. 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 Monarch Networth with SBICAP Securities
Trading Platform Compare Monarch Networth SBICAP Securities
Desktop Trading Platform FastTrade SBISMART XPRESS - NextTrader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com https://login1.sbismart.com/nidp/app/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader SBISMART
Mobile Trading App Demo Info Not Available SBISMART Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod SBISMART Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MNCL Mobile Trader Download iOS SBISMART Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Info Not Available Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Monarch Networth Equity Intraday and Delivery Brokerage Calculator for SBICAP Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for SBICAP Securities
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for SBICAP Securities
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for sbicap-securities

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Broker Ratings by Users

Compare Monarch Networth vs SBICAP Securities on User Rating

  Monarch Networth SBICAP Securities
  12 Customer Reviews    Rate Monarch Networth 78 Customer Reviews    Rate SBICAP Securities
Fees Ratings 2.8 3.3
Trading Brokerage Rating 3.0 3.1
Trading Platform Usability 3.3 2.8
Customer Service Ratings 3.2 2.7
Overall Ratings 3.3 2.7
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews
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Investment Offerings

Compare Monarch Networth vs SBICAP Securities on Investment Offerings

Compare Monarch Networth with SBICAP Securities 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 - Monarch Networth offers trading options in Commodity (MCX) where SBICAP Securities doesn't offer. 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 Monarch Networth with SBICAP Securities
Investment Offerings Compare Monarch Networth SBICAP Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options Health Plan, General Insurance NIL
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Order Types

Compare Monarch Networth vs SBICAP Securities on Order Types

Order Type - Compare Monarch Networth with SBICAP Securities 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) - SBICAP Securities provides Cover Orders (CO) where Monarch Networth doesn't offer,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) - SBICAP Securities provides Bracket Orders (BO) where Monarch Networth doesn't offer.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- SBICAP Securities offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Monarch Networth with SBICAP Securities
Order Type Compare Monarch Networth SBICAP Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Monarch Networth vs SBICAP Securities on Customer Service

Compare Monarch Networth with SBICAP Securities 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 Monarch Networth with SBICAP Securities
Customer Service Compare Monarch Networth SBICAP Securities
24/7 Customer Service Monarch Networth vs SBICAP Securities - 24x7 customer support No No
Email Support Monarch Networth vs SBICAP Securities - Email Support Yes Yes
Onine Live Chat Monarch Networth vs SBICAP Securities - Onine Live Chat No No
Phone Support Monarch Networth vs SBICAP Securities - Phone Support Yes Yes
Toll Free Number Monarch Networth vs SBICAP Securities - Toll Free Number No Yes
Through Branches Monarch Networth vs SBICAP Securities - Through Branches Yes Yes
Customer Care Number Monarch Networth vs SBICAP Securities - Customer Care Number 022-43211800 /079-26666500 022 6854 5555
Account Opening Process Monarch Networth vs SBICAP Securities - Account Opening Process Info Not Available Offline
Customer Support Email Monarch Networth vs SBICAP Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs SBICAP Securities - Knowledge Center/Education Info Not Available https://www.sbismart.com/education
Head Office Address Monarch Networth vs SBICAP Securities - Head Office Address/Corporate Address Info Not Available SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Website Monarch Networth vs SBICAP Securities - Company Website https://www.mnclgroup.com/ https://www.sbismart.com
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Tips/Research/Reports Published

Compare Monarch Networth vs SBICAP Securities on Research Reports, Tips

Compare Monarch Networth with SBICAP Securities on research reports and tips provided by the broker.

Research Reports - Compare Monarch Networth with SBICAP Securities
  Monarch Networth SBICAP Securities
Research Mutual Funds Monarch Networth vs SBICAP Securities - Research Mutual Funds No Yes
Research Equity Reports Monarch Networth vs SBICAP Securities - Research Equity Reports No Yes
Research ETF Monarch Networth vs SBICAP Securities - Research ETF No Yes
Daily Market Report Monarch Networth vs SBICAP Securities - Daily Market Report Yes Yes
Free Tips Monarch Networth vs SBICAP Securities - Free Tips Yes Yes
Quarterly Result Analysis Monarch Networth vs SBICAP Securities - Quarterly Results Yes Yes
News Alerts Monarch Networth vs SBICAP Securities - Yes Yes
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Demat Account

Compare Monarch Networth vs SBICAP Securities on Demat Account

Compare Monarch Networth with SBICAP Securities 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 SBICAP Securities is ₹500 where for Monarch Networth is ₹500 pa.

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 Monarch Networth is ₹25 or 0.025% (Whichever is higher) where for SBICAP Securities is 0.01% of the transaction value (Min ₹21 and Max ₹300).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 Monarch Networth with SBICAP Securities
  Monarch Networth SBICAP Securities
DP Source CDSL CDSL
DP ID Monarch Networth vs SBICAP Securities - DP ID No 19300
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹500
Advance Deposit NIL 0 for all
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) 0.01% of the transaction value (Min ₹21 and Max ₹300)
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹5 per certificate + ₹35 courier charges
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹35 per certificate + CDSL Charges
Pledge Creation ₹50 per transaction 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Creation Confirmation Nil 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure ₹25 per transaction 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure Confirmation Nil 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Invocation ₹25 per transaction 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Failed Instruction Charges Nil ₹10
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs SBICAP Securities on Special Offers and Promotion

Compare Monarch Networth with SBICAP Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Monarch Networth vs SBICAP Securities on Special Offers and Promotion
  Monarch Networth SBICAP Securities
Pay In and Pay Out Options Monarch Networth vs SBICAP Securities - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Monarch Networth vs SBICAP Securities - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Monarch Networth vs SBICAP Securities - Bank Supported and Charges Info Not Available Direct to SBI Bank.
Bank Detail Info Not Available Direct to SBI bank account
Likes
  • All-in-one broker for your trading and investing requirements.
  • Zero Demat account opening fees.
  • Multiple pricing plans for customers.
  • Trade on the mobile trader app and web platform.
  • Global investing platform to invest in the US stocks.
  • Free Research offerings; equity research, commodity & currency, stock ideas, etc.
  • Robust PAN-India presence.

Detail Review...

  • Trade on BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

Detail Review...

Dislikes
  • Primitive user interface of MNCL Mobile app that makes it difficult to use for beginners.
  • Does not offer NRI trading.
  • Does not provide a 3-in-1 trading account.
  • No Good till triggered (GTT) order facility.

Detail Review...

  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-27T23:54:07+00:00