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Mangal Keshav Review 2023

Rated 3/5 by InvestorGain Team
Last updated on: 28-Aug-2023
Mangal Keshav Securities Review
  1. Ranked #1 Broker in India
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Mangal Keshav Review 2023 - Quick Summary

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 Top Highlight for 2023

  • Member of the stock exchange since 1939 with 8 decades of experience.
  • Multi-fold product & service offerings.
  • Free trading & demat account.
  • Multiple brokerage plans.
  • All types of platforms; Mangal Trader App, web, and trader workstation.
  • Get in-depth fundamental and technical research reports.
  • PMS and investment advisory services.
  • 325+ business locations across 100+ territories.

About 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.

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Mangal Keshav Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

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.

Mangal Keshav Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 750 PA

Mangal Keshav Brokerage Plan with closest competitors

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

Other Charges

  • Call & Trade Charges: NA
  • RMS Auto Square Off Charges: NA
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Mangal Keshav Brokerage Charges.

Please refer unique and accurate Mangal Keshav Brokerage Calculator

Type of Account offered by Mangal Keshav

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 Trading & Demat Account

  • Being a DP with CDSL and NSDL, Mangal Keshav offers depository services to clients. Open a free demat account now to trade in different segments. The broker allows you to open a 2-in-1 (Trading + Demat) account to trade in shares, derivatives, commodities, currencies, IPO, and mutual funds. The full-service stockbroking firm also provides fundamental and technical research reports, and investment advisory services to customers.
  • Is Mangal Keshav Demat Free? Yes, the broker charges zero account opening fees from clients on demat. The Demat account maintenance charges vary across the plan you select between Silver, Gold, and Platinum to Rs 300, Rs 550, and Rs 1250 per annum.

Mangal Keshav NRI Trading Account

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;

  • Easy and paperless account opening with 4 banks.
  • Invest in equities, IPOs, and mutual funds.
  • Personalized NRI services.
  • Back-office portal to get all reports including P&L statement, trade details, fund transfer history, etc.
  • Strong research team to help spot short-term and long-term opportunities.
  • Call & trade service.

How to open Mangal Keshav Account online?

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.

Steps to open Mangal Keshav Trading & Demat Account;

  1. Head to the broker’s website, and click on the “Open an Account” tab.
  2. Registration/Sign-up: Enter your mobile number and OTP to register.
  3. Get started with PAN details and the bank verification process.
  4. Select the plan; Silver, Gold, and Platinum.
  5. Select the preferred trading segments.
  6. Upload a soft copy of the required documents online.
  7. Sign the account opening form using aadhar and complete the in-person verification (IPV) process.
  8. Once documents are validated by Mangal Keshav representatives, your e-account or online trading account will be generated and you will receive your account login credentials.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Mangal Keshav

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 Demat Account
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 Demat Account

Mangal Keshav Mobile App and Trading Platforms

Trading Platforms Rated 3/5

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;

Mangal Trader Mobile App

  • Trade on the go anytime anywhere with Mangal Trader mobile trading app. The app provides access to the Indian financial market, global indices, real-time price movement, tracking your positions, smart order routing execution, detailed charts & indicators, news & corporate events, get up-to-date ledger, and many more cutting-edge features. It is a single mobile app to trade in shares, F&O, commodities, and currencies segment. The app is available to download on Android, iOS, iPad, and iPod devices.

Mangal Keshav Web Trading Platform

  • The browser-compatible Mangal Keshav trading website provides flexibility to users to trade on any device whether a computer, laptop, or smartphone. The web-based platform has features like smart watch, creation of watchlists, monitoring your portfolio and positions, customizable workspace, and end-to-end portfolio management.

Mangal Keshav Trading Terminal| Mangal Trader Workstation

  • Mangal Trader Workstation is a desktop-based trading terminal that facilitates a trader to trade seamlessly on desktop or laptop devices. It has advanced features for pro traders like bulk order entry, constant market watch and reports, basket trading, excel reports, and many more. The high-speed desktop trading software provides you a faster trading experience than other platforms.

For detail review of mobile app and download please visit Mangal Keshav Trading Platform Review.

Mangal Keshav Trading Pros

  • 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.

Mangal Keshav Trading Cons

  • 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.

Mangal Keshav Customer Care info

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.

Final thought about Mangal Keshav

Rated 3/5 by 20 users

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.

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Last updated on: 2023-08-27

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Mangal Keshav Securities User Reviews

1. Parth Mehta Jul 20 2018 08:54:02 AM Reply
Great experience overall


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent