FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Monarch Networth Max 0.03% to 0.30% per trade while the brokerage of Zerodha ranges between Rs 20. Monarch Networth is a Full Service Broker where Zerodha is a Discount Broker. Monarch Networth is having overall lower rating compare to Zerodha. Monarch Networth is rated only 3 out of 5 where Zerodha is rated 4.5 out of 5. Number of active customer for Zerodha is 72,87,148 where number of active customer for Monarch Networth is 57,815. Zerodha is serving more customer compare to Monarch Networth.
Here we present side-by-side comparison of Monarch Networth vs Zerodha 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 Zerodha'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 Zerodha 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 Zerodha's on
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.
Comparison of Monarch Networth with Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - Monarch Networth charges Rs 225 PA AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.
Charges | Monarch Networth | Zerodha |
---|---|---|
Trading Account Opening Fees | Free | Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Rs 225 PA | Rs 300 PA |
Provide DP Service |
Plans are the most important feature you look when compare Monarch Networth with Zerodha. 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.
Plan Types | Monarch Networth | Zerodha |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Zerodha | Zerodha | |
---|---|---|
Account Opening Request |
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%.
Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.
Brokerage Charges Compare | Monarch Networth | Zerodha |
---|---|---|
Plan Name | Basic Trading Plan (Percentage Based) | Max Rs 20 per order Trading Plan |
Equity Delivery | 0.30% | Free |
Equity Intraday | 0.03% | 0.03% or Rs 20 whichever is lower |
Equity Futures | 0.03% | 0.03% or Rs 20 whichever is lower |
Equity Options | Rs 100 per lot | Flat Fee Rs 20 |
Currency Futures | 0.03% | 0.03% or Rs 20 whichever is lower |
Currency Options | Rs 100 per lot | Flat Fee Rs 20 |
Commodity Trading | Rs 100 per lot | Flat Fee Rs 20 |
Minimum Brokerage | NIL | NIL |
Hidden Charges | Info Not Available | No |
Funding | Info Not Available | Info Not Available |
Call & Trade Charges | NA | Rs 50 Per Executable Order |
Auto Square off Charges | NA | Rs 50 Per Executable Order |
Brokerage Calculator | Brokerage Calculator for Monarch Networth | Brokerage Calculator for Zerodha |
Compare Monarch Networth with Zerodha on transaction charges and PCM fee by segment.
Transaction Charges Compare | Monarch Networth | Zerodha |
---|---|---|
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 360 Per Cr | Agri: Rs 275 Per Cr |
Brokerage Charges | Complete Brokerage Plans for monarch-networth-capital | Complete Brokerage Plans for zerodha |
Compare Monarch Networth with Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 account where Monarch Networth offers only 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 - Monarch Networth offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.
Account Features Compare | Monarch Networth | Zerodha |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15PM | 3:10 PM |
NRI Trading | ||
Other Features | Trading software terminal: Fast trade | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and Zerodha. 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 | Zerodha |
---|---|---|
Desktop Trading Platform | FastTrade | Kite By Zerodha |
Desktop Demo | Info Not Available | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://trade.mnclgroup.com | |
Web Trading Demo | Info Not Available | Web Trading Demo |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | MNCL Mobile Trader | Zerodha Kite |
Mobile Trading App Demo | Info Not Available | Zerodha Kite Demo |
Android Mobile App | ||
Android App Download | Andriod MNCL Mobile Trader Download | Andriod Zerodha Kite Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS MNCL Mobile Trader Download | iOS Zerodha Kite Download |
Android Tablet App | ||
iPad App (IOS) | ||
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 Zerodha |
Futures Brokerage Calculator | Futures Brokerage Calculator for Monarch Networth | Futures Brokerage Calculator for Zerodha |
Options Brokerage Calculator | Options Brokerage Calculator for Monarch Networth | Options Brokerage Calculator for Zerodha |
Detail | Detail on Trading Platforms for monarch-networth-capital | Detail on Trading Platforms for zerodha |
Compare Monarch Networth with Zerodha 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 | Monarch Networth | Zerodha |
---|---|---|
Equity Cash and F&O | ||
Currency Deravitives | ||
Commodity | ||
Online IPO Application | ||
Mutual Funds | ||
Bond / NCD | ||
ETF | ||
Banking | ||
Insurance | ||
Forex | ||
MF SIP Investment | ||
Equity SIP Investment | ||
PMS Service | ||
Other Investment Options | Health Plan, General Insurance | NIL |
Order Type - Compare Monarch Networth with Zerodha 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) - Zerodha 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) - 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- Zerodha offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | Monarch Networth | Zerodha |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare Monarch Networth with Zerodha 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 Service Compare | Monarch Networth | Zerodha |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 022-43211800 /079-26666500 | "+ 91 80 4040 2020" |
Account Opening Process | Info Not Available | Online/Paperless |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | Info Not Available | https://zerodha.com/varsity/ |
Head Office Address | Info Not Available | Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 |
Website | https://www.mnclgroup.com/ | https://zerodha.com/ |
Compare Monarch Networth with Zerodha on research reports and tips provided by the broker.
Compare Monarch Networth with Zerodha 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 Zerodha is ₹300 pa 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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction.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
Compare Monarch Networth with Zerodha on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
Monarch Networth | Zerodha | |
---|---|---|
Pay In and Pay Out Options | Info Not Available | pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite Pay-out/Fund Withdrawal - Bank Transfer only |
Payout Time | Info Not Available | Max 24 hrs except for bank holidays |
Bank Supported and Charges | Info Not Available | Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). |
Bank Detail | Info Not Available | HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240 |
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You will enjoy many benefits or advantages while trading with Zerodha;
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Special Offers/Promo | Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges. | |
Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-08-27T23:54:07+00:00