FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha Trade@20
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 management services, etc., and a strong PAN India presence are the reasons to trade with Mangal Keshav.
Mangal Keshav is one of the oldest full-service stock broking houses in India. It is a one-stop broker with a wide range of product and service offerings including online broking (Equities, derivatives, commodities, and currency), institutional trading, IPO, mutual funds, depository services, PMS, Wealth Management, Alternative Investment Fund, Advisory Services, FDs, and insurance. The client base includes retail customers, NRIs, high net-worth individuals (HNI), and corporate institutions.
Open a Demat and trading account with Mangal Keshav and trade with an 80-year-old patronage broking house in India. It does not just provide an online trading platform but also a team of experts, researchers, and advisors who work for you to offer insightful fundamental research (Company reports, special reports), technical research reports (Daily reports, Top Picks, and Weekly Report) and advisory services to help you in wealth creation. The Mangal Keshav team also provides personalized recommendations and portfolio management services (PMS) to resident and NRI clients.
The broker offers Mangal Trader mobile app, web, and desktop-based platforms to clients to trade on any device. Market Watch, customized watchlist, view your portfolio and positions, charting with technical indicators, news & events, etc. are some of the popular features on the three platforms.
Customer service is offered across online and offline communication channels. The broker serves customers worldwide with a strong network of partners and sub-brokers not only in India but also overseas in the Middle East and Africa. Currently, it has offices across 325+ locations across 100+ territories.
Check out the latest published detailed Mangal Keshav Review 2023 to know the account opening charges, brokerage fee, trading platforms, research offerings, customer care number, and pros & cons.
Current promotion offer from Zerodha for InvestorGain Visitors:
The full-service broking firm has multiple brokerage plans to provide the flexibility to clients to choose the one that best matches their requirements. It charges a percentage-based brokerage fee from clients on trading on different exchanges but every brokerage slab plan comes with minimum margin commitments. A higher margin amount a client chooses to maintain reduces the brokerage charges or vice-versa.
In the standard brokerage plan, it charges 0.03% on intraday and futures trading, and 0.30% on the equity delivery trading segment. Options trading is charged at Rs 100 per lot, and the brokerage on currency options trading is Rs 50 per lot.
Trading Account Opening Charges: | Free |
Trading Account AMC: | Free |
Demat Account Opening Charges: | Free |
Demat Account AMC: | Rs 750 PA |
Here we are comparing Mangal Keshav with its 5 close competitors, who are currently market leader in brokerage industry.
Broker | Mangal Keshav | 5paisa | Zerodha | Upstox | Paytm Money |
Service Type | Full Service Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
Brokerage Range | 0.03% to 0.30% | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 3 in 1 | 2 in 1 |
Equity Delivery | 0.30% or 30 paisa | Flat Fee Rs 20 | Free | 2.5% or Rs 20 whichever is lower | 2.5% or Rs 20 whichever is lower |
Equity Intraday | 0.03% or 3 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
Equity Futures | 0.03% or 3 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
Equity Options | Rs 100 Per Lot | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
Commodity | 0.03% or 3 paisa | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
Currency Futures | 0.03% or 3 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | NA |
Currency Options | Rs 50 Per Lot | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
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For complete brokerage charges and trading plans detail please visit Mangal Keshav Brokerage Charges.
Please refer unique and accurate Mangal Keshav Brokerage Calculator
Anyone whether you are a resident in India or a non-resident Indian can open an account with Mangal Keshav to start your trading journey. Check out the types of accounts at Mangal Keshav;
Mangal Keshav caters to the trading requirements of NRI clients by allowing them to open an NRI Demat & Trading account. For that purpose, the broker has tie-ups with 4 Indian banks including Axis, RBL, IndusInd, and Yes bank where NRI customers can open an NRE or NRO bank account and link it to open Mangal Keshav NRI trading account.
Mangal Keshav NRI trading features;
Open a completely paperless account by providing all the details and filling out the account opening form online. The Aadhar-based KYC account opening process opens Mangal Keshav's trading account instantly within just 15 minutes.
Zerodha No#1 Broker in India
Trade seamlessly on the web, mobile app, and desktop platforms offered by Mangal Keshav. The salient features of each of the three platforms are detailed hereunder;
For detail review of mobile app and download please visit Mangal Keshav Trading Platform Review.
Get in touch with Mangal Keshav Customer support executives over email, customer care helpline number, and online web chat. Further, visit any of the nearest branch or partner offices to resolve any of your doubts or query whether related to the account opening process, brokerage fee, platform functionality, etc. The broker serves all over the country with 325+ branches, sub-brokers, & partners.
Managal Keshav is undoubtedly the oldest stockbroker with a member of the BSE stock exchange since 1938. A complete package of trading and investment solutions, research & advisory services, powerful technology platforms, etc. are the reasons to choose Mangal Keshav as a preferred brokerage house for trading.
Despite the longest operating history of more than 8 decades, the broker stands far below in terms of the client base of just 7,500, significantly lower than new-age brokers like Zerodha, Upstox, etc. Moreover, it is not a recommended broker to new-age traders & investors because of high brokerage charges, they can rather consider a discount broker or other full-service broker with a flat brokerage plan.
Last updated on: 2023-08-27
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent