Top brokers in India as of May 2018

Here is the latest list of active users as per National stock exchange data.  An active client is considered as someone who has traded at least once a year. Total active clients are 8460885.

ICICI SECURITIES LIMITED 807897 INTIME EQUITIES LIMITED 8011
HDFC SECURITIES LTD. 617771 VRISE SECURITIES PRIVATE LIMITED 7878
ZERODHA 610555 NAVIA MARKETS LTD. 7810
SHAREKHAN LTD. 544856 PROFITMART SECURITIES PRIVATE LIMITED 7703
AXIS SECURITIES LIMITED 397177 SUNIDHI SECURITIES & FINANCE LIMITED 7279
KOTAK SECURITIES LTD. 377507 MPSE SECURITIES LIMITED 7241
ANGEL BROKING PRIVATE LIMITED 376754 INDIRA SECURITIES PRIVATE LIMITED 7206
MOTILAL OSWAL SECURITIES LTD. 313889 PACE STOCK BROKING SERVICES PRIVATE LIMITED 7120
KARVY STOCK BROKING LTD. 254490 ARHAM SHARE CONSULTANTS PRIVATE LIMITED 6888
INDIA INFOLINE LTD. 225541 IFCI FINANCIAL SERVICES LIMITED 6598
SBICAP SECURITIES LIMITED 212456 GOODWILL WEALTH MANAGEMENT PVT LTD 5988
GEOJIT FINANCIAL SERVICES LIMITED 183016 LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. 5868
RELIGARE SECURITIES LTD. 143717 SYSTEMATIX SHARES & STOCKS (INDIA) LTD. 5598
RELIANCE SECURITIES LIMITED 124301 ALICE BLUE SECURITIES PVT. LTD. 5336
EDELWEISS BROKING LIMITED 106950 CONSORTIUM SECURITIES PRIVATE LTD. 5274
SMC GLOBAL SECURITIES LTD. 105208 TRADEJINI FINANCIAL SERVICES PVT LTD 4606
NIRMAL BANG SECURITIES PVT. LTD. 96990 MANUBHAI MANGALDAS SECURITIES PVT. LTD. 4051
MARWADI SHARES AND FINANCE LIMITED 92203 ASHLAR SECURITIES PRIVATE LIMITED 3948
VENTURA SECURITIES LTD. 83052 AMRAPALI AADYA TRADING & INVESTMENT PRIVATE LIMITED 3913
ANAND RATHI SHARE AND STOCK BROKERS LIMITED 78012 KAYNET FINANCE LIMITED 3527
TRADEBULLS SECURITIES (P) LTD. 73233 FRR SHARES AND SECURITIES LIMITED 3414
JAINAM SHARE CONSULTANTS PRIVATE LIMITED 55241 C.D. EQUISEARCH PVT. LTD 3353
ADITYA BIRLA MONEY LIMITED 54829 VCK SHARE & STOCK BROKING SERVICES LTD. 2906
MONARCH NETWORTH CAPITAL LIMITED 54733 KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITED 2872
RKSV SECURITIES INDIA PRIVATE LIMITED 50217 BASAN EQUITY BROKING LIMITED 2663
INDIABULLS VENTURES LTD. 48998 WEALTH MANTRA LIMITED 2500
MASTER CAPITAL SERVICES LIMITED 45868 ALMONDZ GLOBAL SECURITIES LTD. 2423
5PAISA CAPITAL LIMITED 45342 AMBALAL SHARES & STOCKS PRIVATE LIMITED 2392
BONANZA PORTFOLIO LTD. 44893 MODEX INTERNATIONAL SECURITIES LTD. 2286
JM FINANCIAL SERVICES LIMITED 38762 FINVASIA SECURITIES PRIVATE LIMITED 2231
SHRI PARASRAM HOLDINGS PVT. LTD. 37050 FYERS SECURITIES 2160
IDBI CAPITAL MARKETS & SECURITIES LTD. 36326 CIL SECURITIES LTD. 1999
ARIHANT CAPITAL MARKETS LIMITED 32873 AASMAA SECURITIES PRIVATE LIMITED 1944
SAMCO SECURITIES LIMITED 31604 COMFORT SECURITIES LIMITED 1821
SHRIRAM INSIGHT SHARE BROKERS LIMITED 31058 FINDOC INVESTMART PVT. LTD. 1686
LKP SECURITIES LTD. 29300 COMPOSITE INVESTMENTS PRIVATE LIMITED 1634
WAY2WEALTH BROKERS PRIVATE LIMITED 29217 QUANTUM GLOBAL SECURITIES LIMITED 1475
BMA WEALTH CREATORS LIMITED 28549 ACHIIEVERS EQUITIES LIMITED 1429
GLOBE CAPITAL MARKET LIMITED 26410 F6 FINSERVE PRIVATE LIMITED 1419
SWASTIKA INVESTMART LIMITED 26398 ALICE BLUE FINANCIAL SERVICES 1405
ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 26220 FAST CAPITAL MARKETS LTD. 1401
KIFS TRADE CAPITAL PRIVATE LIMITED 24713 KARUNA FINANCIAL SERVICES PVT. LTD 1279
SHCIL SERVICES LIMITED 20769 R.K. STOCKHOLDING (P) LTD. 1268
PRABHUDAS LILLADHER PVT. LTD. 20451 SKUNG TRADELINK LIMITED 1182
VNS FINANCE & CAPITAL SERVICES LTD. 20287 SAAKETA CONSULTANTS LTD. 1126
PRUDENT BROKING SERVICES PRIVATE LIMITED 19374 IIFL WEALTH MANAGEMENT LTD 1108
EMKAY GLOBAL FINANCIAL SERVICES LIMITED 17221 C. M. GOENKA STOCK BROKERS PVT. LTD. 1098
ASHIKA STOCK BROKING LTD. 17162 UNLOCK WEALTH SECURITIES LIMITED 1004
ZEN SECURITIES LTD. 17061 BEZEL STOCK BROKERS PRIVATE LIMITED 998
GOLDMINE STOCKS PRIVATE LIMITED 16945 KSBL SECURITIES LIMITED 910
CHOICE EQUITY BROKING PRIVATE LIMITED 15661 WELLINDIA SECURITIES LIMITED 870
ISE SECURITIES & SERVICES LIMITED 15189 MAXGROWTH CAPITAL PRIVATE LIMITED 867
INDIANIVESH SECURITIES LTD. 15032 LFS BROKING PRIVATE LIMITED 801
NJ INDIA INVEST PRIVATE LIMITED 14234 EDELWEISS SECURITIES LIMITED 697
INDITRADE CAPITAL LIMITED 14013 DHWAJA SHARES & SECURITIES PRIVATE LIMITED 600
PHILLIPCAPITAL (INDIA) PVT. LTD 13482 FICUS SECURITIES PRIVATE LIMITED 527
PRAVIN RATILAL SHARE AND STOCK BROKERS LTD 13401 J G SHAH FINANCIAL CONSULTANTS PVT. LTD. 488
TRUSTLINE SECURITIES LIMITED 12934 PREM SOMANI SHARE BROKERS PVT. LTD. 342
RATNAKAR SECURITIES PVT LTD 12624 FIRST GLOBAL STOCKBROKING PVT.LTD. 336
SOUTH ASIAN STOCKS LTD. 12077 ISHTA SECURITIES 266
KUNVARJI FINSTOCK PVT. LTD. 11625 DESTINY SECURITIES LTD. 135
FAIRWEALTH SECURITIES LIMITED 11349 MONEYLICIOUS SECURITIES PRIVATE LIMITED 133
DBFS SECURITIES LIMITED 11319 KRISHA INCAP SERVICES PVT.LTD. 89
MICROSEC CAPITAL LIMITED 10366 PUG SECURITIES PRIVATE LIMITED 83
R K GLOBAL SHARES & SECURITIES LIMITED 9905 ANGEL SECURITIES LTD 14
SHREE BAHUBALI INTERNATIONAL LTD. 9638 RKG SHARE BROKERS PVT. LTD. 6
MANGAL KESHAV FINANCIAL SERVICES LIMITED 9628 ZERODHA SECURITIES PRIVATE LIMITED 1
KISAN RATILAL CHOKSEY SHARES AND SECURITIES PRIVATE LIMTIED 8867 ICICI SECURITIES PRIMARY DEALERSHIP LIMITED 1
STANDARD CHARTERED SECURITIES (INDIA) LIMITED 8512 ADVENT STOCK BROKING PRIVATE LIMITED 1
DEALMONEY SECURITIES PRIVATE LIMITED 8231 AMU SHARES & SECURITIES LTD. 1

F6 Finserve – another cautionary tale

Kwality Limited one of the largest players in the dairy products segment submitted a letter of communication from one of its investors which stated that F6 Finserve, a Gurugram based broker has fraudulently offloaded shares of the company belonging to its clients.

Here’s an excerpt from the letter the company received

We have been informed by the Investor that the above mentioned broker is not traceable and absconding. Investor is in the process of initiating legal proceedings and police complaint against them, it added.

Link to the letter of communication.

Comparebrokerages interaction with Interactive Brokers

About Interactive Brokers.

Interactive Brokers conducts its broker/dealer and proprietary trading businesses on over 100 market destinations worldwide. In its broker dealer agency business, IB provides online trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, forex, bonds, CFDs and funds worldwide

IB recently slashed the brokerage charges in India and the new pricing is in line with other leading discount brokers of the country.

Compare Brokerages had an interaction with IB and were able to ask pertinent questions on behalf of the Indian Investor. Hope you find the Q&A helpful in choosing your next broker.

1. How does an Indian citizen open an account with you?

An Indian citizen can open an account with Interactive Brokers for trading on
Indian and overseas markets (120 markets across 24 countries). One account is
opened with Interactive Brokers LLC that provides them access to a cash account
and allows them to purchase equities and Exchange Traded Funds around the
world. The other account is opened with Interactive Brokers (India) Pvt Ltd and
allows them to have access to the National Stock Exchange of India (NSE) to trade
stocks, options, futures and currency futures. The process to open the global
markets account is 100% online. You need to complete an online application and

submit scans of your pan card and address proof. The local markets application is
also filled out online. In addition, clients sign some physical documents.

2. What are all the exchanges/ segments one can trade on your platform?
Global – 120 markets across 24 countries for stocks and ETFs.
See the exchange list here.
India – NSE for trading on stocks, futures, options, currency futures.
See the product list here.

3. Is there any charge to open an account with Interactive Brokers?
No

4. What is usually the time taken to open an account?
For global markets anywhere between 1-3 business days. For local Indian
markets, anywhere between 5-8 days.

5. Is there any Annual Maintenance Charge?
Monthly minimum activity fee of US$ 10 for global markets, waived for those
whose account sizes are more than US$ 100K and waived for all clients for the
first three months.

Monthly minimum activity fee of INR 200 for Indian markets, waived for those
whose account sizes are more than INR 10 lakhs and waived for all clients for the
first three months.
6. Do you provide margin funding? Can one pledge shares for margin?
Yes, on NSE we do provide margin funding for stocks as per SEBI regulations.

7. How does Fund transfer/ Withdrawal work? What is the time taken for the
same?
Global – International Wire Transfer under the Reserve Bank of India’s liberalised
remittance scheme, which allows every Indian resident to wire up to US$ 250,000
per financial year (This is subject to change by the RBI).
India – Cheque / NEFT / RTGS – Time to arrive is from 1 – 4 business days.

8. How big is your team in India? 
Interactive Brokers has more than 65 employees based in India. Interactive
Brokers Group employs more than 1,000 people globally.

9. What channels of are available?
Our customer support number and details of support services are available here.

Interactive Brokers offers 24-hour weekday customer service via regional Client
Services located around the world. In addition to a wide range of answers
available online, we offer client services via phone, chat, email, fax, mail.

10. What platform and tools will be available for our Indian users? Is there a demo

available?
Our platform and tools are available here.
Interactive Brokers offers the web trader, mobile trader and Trader Workstation
(TWS), a global trading system which let you use a suite of online trading tools.
A free trial is available here.
There is no commitment and you can use the free trial for as long as you want.

11. Is there any charge for data on your platform or any charge associated with
technology/tools.

One of the things that sets Interactive Brokers apart is the broad range of
technology and tools the company provides for free. IB also offers information
from numerous research and news services at no cost.
A list of free research and news services can be viewed here
IB also provides other information sources via subscriptions.
Those can be viewed here.

For those that trade the NSE, there is currently no charge for NSE data.

 
12. Since your primary market has been institutional sales, how does IB plan to
pivot towards attracting retail participants?
We have been building online trading technology for more than 40 years and
provide competitive pricing, a broad global product line, and advanced trading
tools for our clients. Our new, lost cost pricing for the Indian markets world class
technology and breadth of products, is attractive to retail participants. As we do
globally, we believe that our customers will bring in more customers in India as
well.

13. At comparebrokerages we publish the financials of brokers so that our
customers are aware of the financial health of a broker –  IB financials show that
they have a very active prop trading, with over 100 crores in profits. Curious to know who is trading, are these through traders in India or abroad? and finally,
does this put risk to retail clients?

Interactive Brokers June 2016 metrics and other financial information can be
viewed here

We do not comment specifically on our proprietary trading business.
As you are aware, most brokers in India have their proprietary trading along with
client trading. SEBI has already set regulations protecting the clients’ interest and
we respectfully comply with them. We can say that is there is a clear segregation
of proprietary and client trading activities.

Top brokers in India as of May 2017

Fellow traders and investors,

Find the latest list of active users as per National stock exchange data.  Active client is considered as someone who  has traded atleast once a year. Total active clients as per is 59,51,301, that is how many people have traded atleast once a year on NSE. I am guessing the unique number of people will be much lesser than that (if I have traded with 2 brokers, it will show me as active with both brokers).

Make sure to check out the financial health of broking firm you are trading with on our website.

Top 20 brokers in India
ICICI SECURITIES LIMITED 631388 Top 3 full service brokers
HDFC SECURITIES LTD. 487418
SHAREKHAN LTD. 375394 ICICI SECURITIES LIMITED 631388
KOTAK SECURITIES LTD. 279305 HDFC SECURITIES LTD. 487418
AXIS SECURITIES LIMITED 269133 SHAREKHAN LTD. 375394
ANGEL BROKING PRIVATE LIMITED 238998
MOTILAL OSWAL SECURITIES LTD. 212617
INDIA INFOLINE LTD. 196904
KARVY STOCK BROKING LTD. 184349 Top 3 discount brokers
ZERODHA 182379
SBICAP SECURITIES LIMITED 172763 Zerodha 182379
GEOJIT BNP PARIBAS FINANCIAL SERVICES LIMITED 160732 SAMCO SECURITIES LIMITED 18986
RELIGARE SECURITIES LTD. 122568 RKSV SECURITIES INDIA PRIVATE LIMITED 18577
RELIANCE SECURITIES LIMITED 81505
EDELWEISS BROKING LIMITED 76387
SMC GLOBAL SECURITIES LTD. 75787
NIRMAL BANG SECURITIES PVT. LTD. 74004
VENTURA SECURITIES LTD. 69587

SEBI against Indian Trading league (SAMCO)

Fellow traders and investors,

Check the recent advise from SEBI to the exchanges, circular from BSE:

As per the communication received from SEBI, regarding leagues/schemes/competitions etc offered by third party or Group Company/associate of stock broker, which may involve distribution of prize monies and advertisements issued in this regard by Stock Brokers, Trading Members are hereby advised to ensure that they shall not carry out advertisements in which celebrities form part of the advertisement.

SEBI has now also put a caution note to all investors, check this release

A. LEAGUES / SCHEMES / COMPETITIONS WHICH MAY INVOLVE DISTRIBUTION OF PRIZE MONIES

It has come to the notice of SEBI that various entities are soliciting investors by offering leagues/schemes/competitions etc. related to securities markets. Some of the schemes may involve distribution of prize monies. Participation in such schemes including sharing of confidential and personal trading data is at investors’ own risk, cost and consequences as such schemes are neither approved nor endorsed by SEBI / SEBI recognized Exchange(s).

SEBI is issuing this caution to investors to warn about such schemes offered by third party or group company/associate of stock broker(s) etc. The investors may note that for any kind of disputes relating to such schemes or enforcement of any agreement / MoU, etc., none of the following recourses will be available to investors of such schemes:

  1. Benefits of investor protection under SEBI/ Exchange(s) Jurisdiction
  2. Exchange dispute resolution mechanism
  3. Investor grievance redressal mechanism administered by Exchange(s)

It is quite clear that these  circulars are intended against Indian Trading league (Samco). It is important that all of us investors/traders are aware of the above. 

fist

 

Empowering Indian retail investors/traders,

Comparebrokerages

Active clients – Broker wise in India – Jun 30th 2016

Fellow traders & investors,

Find following the list of active clients of all the brokerage firms in India – 30th Jun 2016 compared versus 30th Nov 2015. This list is for equity clients only and is available on NSE website.

Active client = 1 trade in that particular financial year.

Visit our website http://comparebrokerages.in/ to compare the popular ones

30th June 2016                                                                 30th Nov 2015

ICICI SECURITIES LIMITED 561235 ICICI SECURITIES LIMITED 567188
HDFC SECURITIES LTD. 431292 HDFC SECURITIES LTD. 384736
SHAREKHAN LTD. 335063 SHAREKHAN LTD. 341809
INDIA INFOLINE LTD. 257260 INDIA INFOLINE LTD. 271383
KOTAK SECURITIES LTD. 242259 KOTAK SECURITIES LTD. 261482
AXIS SECURITIES LIMITED 200578 KARVY STOCK BROKING LTD. 170130
GEOJIT BNP PARIBAS FINANCIAL SERVICES LIMITED 178881 ANGEL BROKING PRIVATE LIMITED 168344
ANGEL BROKING PRIVATE LIMITED 177303 MOTILAL OSWAL SECURITIES LTD. 160831
MOTILAL OSWAL SECURITIES LTD. 173056 GEOJIT BNP PARIBAS FINANCIAL SERVICES LIMITED 160718
KARVY STOCK BROKING LTD. 167299 AXIS SECURITIES LIMITED 146518
SBICAP SECURITIES LIMITED 131682 RELIGARE SECURITIES LTD. 124826
RELIGARE SECURITIES LTD. 117695 SBICAP SECURITIES LIMITED 122433
RELIANCE SECURITIES LIMITED 102790 RELIANCE SECURITIES LIMITED 107613
ZERODHA 78180 EDELWEISS BROKING LIMITED 75625
EDELWEISS BROKING LIMITED 76730 SMC GLOBAL SECURITIES LTD. 64146
SMC GLOBAL SECURITIES LTD. 65102 NIRMAL BANG SECURITIES PVT. LTD. 60366
NIRMAL BANG SECURITIES PVT. LTD. 63221 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 58505
VENTURA SECURITIES LTD. 61054 VENTURA SECURITIES LTD. 57598
ANAND RATHI SHARE AND STOCK BROKERS LIMITED 59457 ZERODHA 46052
ADITYA BIRLA MONEY LIMITED 39481 INDIABULLS VENTURES LTD. 40631
INDIABULLS VENTURES LTD. 37976 ADITYA BIRLA MONEY LIMITED 40525
MARWADI SHARES AND FINANCE LIMITED 36700 BMA WEALTH CREATORS LIMITED 36782
NETWORTH STOCK BROKING LTD. 35042 BONANZA PORTFOLIO LTD. 34015
BONANZA PORTFOLIO LTD. 33941 INTEGRATED ENTERPRISES (INDIA) LIMITED 33836
INTEGRATED ENTERPRISES (INDIA) LIMITED 32994 MASTER CAPITAL SERVICES LIMITED 33012
MASTER CAPITAL SERVICES LIMITED 32572 SHRIRAM INSIGHT SHARE BROKERS LIMITED 31400
BMA WEALTH CREATORS LIMITED 31174 JM FINANCIAL SERVICES LIMITED 27314
SHRIRAM INSIGHT SHARE BROKERS LIMITED 28985 NETWORTH STOCK BROKING LTD. 25024
JM FINANCIAL SERVICES LIMITED 28592 EDELWEISS FINANCIAL ADVISORS LIMITED 24512
TRADEBULLS SECURITIES (P) LTD. 27364 LKP SECURITIES LTD. 22274
SHRI PARASRAM HOLDINGS PVT. LTD. 23662 SHRI PARASRAM HOLDINGS PVT. LTD. 21938
IDBI CAPITAL MARKET SERVICES LTD. 21870 IDBI CAPITAL MARKET SERVICES LTD. 21321
LKP SECURITIES LTD. 21518 Asit C Mehta 21101
JHAVERI SECURITIES LIMITED 20945 GLOBE CAPITAL MARKET LIMITED 20092
ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 19730 JHAVERI SECURITIES LIMITED 19996
GLOBE CAPITAL MARKET LIMITED 19257 EUREKA 18575
EUREKA STOCK & SHARE BROKING SERVICES LIMITED 18315 SUSHIL FINANCE 18209
ALANKIT ASSIGNMENTS LTD. 16903 ARIHANT CAPITAL MARKETS LIMITED 17948
SWASTIKA INVESTMART LIMITED 16533 TRADEBULLS SECURITIES (P) LTD. 17618
STEEL CITY SECURITIES LTD. 13971 MONARCH 17062
ASHIKA STOCK BROKING LTD. 13540 ALANKIT ASSIGNMENTS LTD. 16721
EMKAY GLOBAL FINANCIAL SERVICES LIMITED 13517 TRUSTLINE SECURITIES LIMITED 16459
PRABHUDAS LILLADHER PVT. LTD. 12573 WAY2WEALTH BROKERS PRIVATE LIMITED 15795
ISE SECURITIES & SERVICES LIMITED 12403 SWASTIKA INVESTMART LIMITED 15113
KIFS TRADE CAPITAL PRIVATE LIMITED 12087 STEEL CITY SECURITIES LTD. 15038
TRUSTLINE SECURITIES LIMITED 12056 EMKAY 14129
ARCADIA SHARE & STOCK BROKERS PRIVATE LIMITED 11714 ASHIKA STOCK BROKING LTD. 14110
RKSV SECURITIES INDIA PRIVATE LIMITED 11239 ISE SECURITIES & SERVICES LIMITED 12437
SURESH RATHI SECURITIES PRIVATE LIMITED 11220 PRABHUDAS LILLADHER PVT. LTD. 12253
SAMCO SECURITIES LIMITED 10842 Janam 11863
VNS FINANCE & CAPITAL SERVICES LTD. 10071 Arcadia 11672
PHILLIPCAPITAL (INDIA) PVT. LTD 9677 BGSE FINANCIALS LIMITED 11650
R K GLOBAL SHARES & SECURITIES LIMITED 9474 INDITRADE CAPITAL LIMITED 11333
ASE CAPITAL MARKETS LTD. 9043 KIFS SECURITIES  PRIVATE LIMITED 11009
INTIME EQUITIES LIMITED 8930 R K GLOBAL SHARES & SECURITIES LIMITED 10356
FAIRWEALTH SECURITIES LIMITED 8766 PCS SECURITIES LTD. 10075
INDIANIVESH SECURITIES LTD. 8751 RKSV SECURITIES INDIA PRIVATE LIMITED 9842
GUINESS SECURITIES LIMITED 8714 FAIRWEALTH SECURITIES LIMITED 9687
STANDARD CHARTERED SECURITIES (INDIA) LIMITED 8535 GUINESS SECURITIES LIMITED 9642
SHCIL SERVICES LIMITED 8466 PHILLIPCAPITAL (INDIA) PVT. LTD 9632
SS CORPORATE SECURITIES LIMITED 8167 STANDARD CHARTERED 9351
MONARCH PROJECT & FINMARKETS LIMITED 8057 DBFS SECURITIES LIMITED 9303
PRUDENT BROKING SERVICES PRIVATE LIMITED 7972 VNS FINANCE & CAPITAL SERVICES LTD. 9131
PACE STOCK BROKING SERVICES PRIVATE LIMITED 7850 SURESH RATHI 8946
MANSUKH SECURITIES & FINANCE LIMITED 7850 C.D. EQUISEARCH PVT. LTD 8734
MUTHOOT SECURITIES LTD. 6976 DESTIMONEY SECURITIES PRIVATE LIMITED 8724
CAPSTOCKS & SECURITIES (INDIA) PRIVATE LIMITED 6951 HEDGE EQUITIES LIMITED 8689
LSE SECURITIES LIMITED 6785 SHREE BAHUBALI INTERNATIONAL LTD. 8531
LATIN MANHARLAL SECURITIES PVT. LTD. 6706 INTIME EQUITIES LIMITED 8508
DESTIMONEY SECURITIES PRIVATE LIMITED 6433 MANSUKH SECURITIES & FINANCE LIMITED 8310
C.D. EQUISEARCH PVT. LTD 6418 ADROIT 8173
MICROSEC CAPITAL LIMITED 6243 SSJ FINANCE & SECURITIES PVT. LTD. 7942
IFCI FINANCIAL SERVICES LIMITED 6154 INDIANIVESH SECURITIES PVT. LTD. 7877
AMRAPALI AADYA TRADING & INVESTMENT PRIVATE LIMITED 5734 IFCI FINANCIAL SERVICES LIMITED 7626
TATA SECURITIES LIMITED 5610 CAPSTOCKS 7312
PEERLESS SECURITIES LIMITED 5312 ASE CAPITAL MARKETS LTD. 7294
YES SECURITIES (INDIA) LIMITED 5227 MICROSEC CAPITAL LIMITED 7012
KUNVARJI FINSTOCK PVT. LTD. 5170 PACE STOCK BROKING 7000
SPFL SECURITIES LIMITED 5161 COIMBATORE CAPITAL LIMITED 6926
NAVIA MARKETS LTD. 4432 LSE SECURITIES LIMITED 6852
ALICE BLUE SECURITIES 4346 TATA SECURITIES LIMITED 6114
CHOICE EQUITY BROKING PRIVATE LIMITED 3917 PRUDENT BROKING 6030
ATS SHARE BROKERS PRIVATE LIMITED 3525 MUTHOOT SECURITIES LTD. 5981
SATCO CAPITAL MARKETS LIMITED 3153 CONSORTIUM SECURITIES PRIVATE LTD. 5795
INVENTURE GROWTH & SECURITIES LIMITED 3045 INDBANK 5740
MARFATIA STOCK BROKING PRIVATE LIMITED 3011 PEERLESS SECURITIES LIMITED 5739
KAYNET FINANCE LIMITED 2859 SAMCO SECURITIES LIMITED 5697
AMBALAL SHARES & STOCKS PRIVATE LIMITED 2822 SYKES & RAY EQUITIES (I) LTD. 5628
SHREE KANHA STOCK BROKING PVT. LTD 2775 SOUTH ASIAN STOCKS LTD. 5617
NJ INDIA INVEST PRIVATE LIMITED 2684 B N RATHI SECURITIES LIMITED 5593
JYOTI PORTFOLIO PRIVATE LIMITED 2675 SPFL SECURITIES LIMITED 5369
JUST TRADE SECURITIES LIMITED 2615 ELITE WEALTH ADVISORS LIMITED 5118
ASTHA CREDIT & SECURITIES (P) LTD 2469 ATS SHARE BROKERS PRIVATE LIMITED 4942
EASTERN FINANCIERS LTD 2366 BANSAL FINSTOCK PRIVATE LIMITED 4717
ASHLAR SECURITIES PRIVATE LIMITED 2234 CHOLAMANDALAM SECURITIES LIMITED 4587
MODEX INTERNATIONAL SECURITIES LTD. 2057 KUNVARJI FINSTOCK PVT. LTD. 4495
NORTHEAST BROKING SERVICES LTD. 2012 ACUMEN CAPITAL MARKET (INDIA) LTD 4460
ALMONDZ GLOBAL SECURITIES LTD. 1741 SYSTEMATIX 4448
MULTIPLEX CAPITAL LTD. 1710 AMRAPALI AADYA 4438
CIL SECURITIES LTD. 1550 SKP SECURITIES LTD. 4424
KALPATARU MULTIPLIER LTD. 1531 MATALIA STOCK BROKING PVT. LTD. 4336
ANKIT SECURITIES & FINANCE COMPANY PRIVATE LIMITED 1483 INDIRA SECURITIES PRIVATE LIMITED 4287
COMPOSITE INVESTMENTS PRIVATE LIMITED 1466 NAVIA MARKETS LTD. 4060
F6 FINSERVE PRIVATE LIMITED 1454 ALICE BLUE SECURITIES 4050
PSB SECURITIES LIMITED 1407 EXCLUSIVE SECURITIES LTD. 3911
MLB CAPITAL PRIVATE LIMITED 1375 DYNAMIC EQUITIES PRIVATE LIMITED 3808
ANUSH SHARES & SECURITIES PVT.LTD. 1314 NINE STAR BROKING PRIVATE LIMITED 3735
KARUNA FINANCIAL SERVICES PVT. LTD 1221 LAKSHMISHREE INVESTMENTS 3709
BERKELEY SECURITIES LIMITED 1131 VERTEX SECURITIES LTD. 3544
INDOVISION SECURITIES LIMITED 1130 ANS PVT. LTD. 3542
EDELWEISS SECURITIES LIMITED 1129 SW CAPITAL PRIVATE LIMITED 3528
BEZEL STOCK BROKERS PRIVATE LIMITED 1088 VOGUE COMMERCIAL COMPANY LIMITED 3510
RTG SHARE BROKING LIMITED 992 WEALTH MANTRA LIMITED 3464
SKUNG TRADELINK LIMITED 992 SATCO CAPITAL MARKETS LIMITED 3321
EXPONENTIAL FINANCIAL SERVICES PRIVATE LIMITED 989 ABHIPRA CAPITAL LTD. 3230
ARHAM SHARE CONSULTANTS PRIVATE LIMITED 986 JUST TRADE SECURITIES LIMITED 2936
MOTISONS SHARES PRIVATE LIMITED 958 INDIA ADVANTAGE 2913
VERACITY FINANCIAL SERVICES PVT LTD 908 ITI FINANCIAL SERVICES LTD. 2889
AMBIT SECURITIES BROKING PVT. LTD. 868 DIMENSIONAL SECURITIES PVT. LTD 2863
VGP PORTFOLIO 867 HSE SECURITIES LTD. 2849
VACHANA INVESTMENTS PRIVATE LIMITED 691 KAYNET FINANCE LIMITED 2831
GCL SECURITIES PVT LTD 575 SUGAL & DAMANI SHARE BROKERS LIMITED 2701
BEST BULL STOCK TRADING 575 SHILPA STOCK BROKER PRIVATE LIMITED 2693
PRL STOCK & SHARE BROKERS PVT. LTD. 570 CHOICE EQUITY BROKING PRIVATE LIMITED 2653
BEELINE BROKING LTD 561 EASTERN FINANCIERS LTD 2632
ACTION FINANCIAL SERVICES (INDIA) LIMITED 553 KANTILAL CHAGANLAL 2619
MSE FINANCIAL SERVICES LTD. 536 NG RATHI INVESTRADES PRIVATED LIMITED 2611
ADWEALTH STOCK BROKING PRIVATE LIMITED 492 MPSE SECURITIES LIMITED 2587
KHAMBATTA SECURITIES LTD. 430 ASTHA CREDIT & SECURITIES (P) LTD 2567
I VENTURES CAPITAL PRIVATE LIMITED 387 MANUBHAI MANGALDAS 2560
PRRSAAR 386 DANI SHARES & STOCKS PRIVATE LIMITED 2520
PROFICIENT EQUITIES PRIVATE LIMITED 265 INTEGRATED MASTER 2453
SAS BROKING PRIVATE LIMITED 262 FRR SHARES AND SECURITIES LIMITED 2452
KEYNOTE CAPITALS LTD. 239 ASHLAR SECURITIES PRIVATE LIMITED 2441
NNM SECURITIES PVT. LTD. 183 DB (INTERNATIONAL) 2394
SPACE ANG INDIA CORPORATION 140 JKB FINANCIAL SERVICES LIMITED 2222
SODHANI SECURITIES LTD. 123 RR EQUITY BROKERS PVT. LTD. 2217
PAN SECURITIES LIMITED 104 NORTHEAST BROKING SERVICES LTD. 2107
SRI BHEEMESWARA SECURITIES (P) LTD 54 NJ INDIA INVEST PRIVATE LIMITED 2058
UNITY FINCAP PVT. LTD. 46 ORION CAPITAL AND DEBT MARKET 2056
MOTISONS SECURITIES PVT LTD 22 TRADESWIFT BROKING PRIVATE LIMITED 2025
QUANT SECURITIES PRIVATE LIMITED 7 FORTUNE CAPITAL 1807
ICICI BANK LTD. 5 ALMONDZ GLOBAL SECURITIES LTD. 1785
FORTUNE CAPITAL SERVICES 2 ORTEM SECURITIES LIMITED 1778
JKM STOCK VISION 1 GOGIA CAPITAL SERVICES LIMITED 1756
TRADEWELL SECURITIES LTD. NA TRADEWELL SECURITIES LTD. 1589
RAGHUNANDAN CAPITAL PRIVATE LIMITED NA RAGHUNANDAN CAPITAL PRIVATE LIMITED 1568
KALPATARU MULTIPLIER LTD. NA KALPATARU MULTIPLIER LTD. 1552
FORTUNE FISCAL LTD NA FORTUNE FISCAL LTD 1541
PATERSON SECURITIES PRIVATE LIMITED NA PATERSON SECURITIES PRIVATE LIMITED 1506
F6 FINSERVE PRIVATE LIMITED NA F6 FINSERVE PRIVATE LIMITED 1481
BALJIT SECURITIES PVT. LTD. NA BALJIT SECURITIES PVT. LTD. 1448
GREENBUCKS NA GREENBUCKS 1417
ACHIIEVERS EQUITIES LIMITED NA ACHIIEVERS EQUITIES LIMITED 1404
EDELWEISS SECURITIES LIMITED NA EDELWEISS SECURITIES LIMITED 1397
SKI CAPITAL SERVICES LTD. NA SKI CAPITAL SERVICES LTD. 1338
KARUNA FINANCIAL SERVICES PVT. LTD NA KARUNA FINANCIAL SERVICES PVT. LTD 1309
EAST INDIA SECURITIES LTD. NA EAST INDIA SECURITIES LTD. 1302
RTG SHARE BROKING LIMITED NA RTG SHARE BROKING LIMITED 1286
BEZEL STOCK BROKERS PRIVATE LIMITED NA BEZEL STOCK BROKERS PRIVATE LIMITED 1255
BERKELEY SECURITIES LIMITED NA BERKELEY SECURITIES LIMITED 1235
FAST CAPITAL MARKETS LTD. NA FAST CAPITAL MARKETS LTD. 1182
INDOVISION SECURITIES LIMITED NA INDOVISION SECURITIES LIMITED 1175
SUNFLOWER BROKING PVT. LTD. NA SUNFLOWER BROKING PVT. LTD. 1154
FORT SHARE BROKING PRIVATE LIMITED NA FORT SHARE BROKING PRIVATE LIMITED 1151
FAIRWEALTH SECURITIES LIMITED NA FAIRWEALTH SECURITIES LIMITED 2305
COMPOSITE SECURITIES LTD. NA COMPOSITE SECURITIES LTD. 1145
PEE AAR SECURITIES LIMITED NA PEE AAR SECURITIES LIMITED 1089
VGP PORTFOLIO NA VGP PORTFOLIO 1066
MEHTA EQUITIES LIMITED NA MEHTA EQUITIES LIMITED 1059
INDO THAI SECURITIES LTD. NA INDO THAI SECURITIES LTD. 1012
TR CAPITAL LIMITED NA TR CAPITAL LIMITED 1008
MERITS CAPITAL MARKET SERVICES PVT. LTD. NA MERITS CAPITAL MARKET SERVICES PVT. LTD. 1007
BADJATE STOCK AND SHARES PRIVATE LIMITED NA BADJATE STOCK AND SHARES PRIVATE LIMITED 976

Networth Direct aka Monarch Networth capital suspended for 1 month

Fellow traders & investors,

Networth Stock Broking Ltd., (New Name: Monarch Networth Capital Limited) has been suspended from trading for a period of one month on charges of participating in “Circular Trading”, a manipulative trading practice, between 1st of  August 2002 and 16th of October 2002 and in doing so driving the price of G. G. Automotive Gears Limited from Rs.23 to Rs. 115.30 in the 38 day period.

Networth’s  broking license was suspended for a period of one month by SEBI in April of 2011. But the order was overturned by a Special Appellate Tribunal(SAT). On further appeals from the regulator, and a Supreme Court order dated 20th May 2016, Networth, now Monarch Networth Capital Limited has been asked to cease all trading on exchanges for a period of one month starting 21st May 2016.

Check this link from BSE for more.

Our view on what should you do?  

The balance sheet of the company seems to be in an okay shape. PAT of Rs 3 crores for FY 14/15. But still if you are a client you would not be able to take a trade with them from monday. It is best advised to move your business from this brokerage to another firm. You can use our portal Comparbrokerages to decide.

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RKSV Kalaari capital investment – Insiderview

Fellow traders & investors,

Read the news on RKSV securities raising Rs 27 crores from Kalaari Capital today morning on Economic Times. Being a CA who follows all the brokerages closely, I took some effort to go through the filings, here is quick overview of the deal:

  • Firstly, the news article reads 50,000 clients. It is not correct, it is lesser than 10,000 clients as per the latest list available with the exchange. Check this post with all brokers and their active clients.
  • Rs 27 Crores of investment has lead to dilution of around 18% stake in the business. So RKSV securities has been valued at around Rs 150 crores.
  • The revenue from operations for the last year was around Rs 7.5 crores. The net loss for the business in the last two financial years FY 2014-15 and FY 2013-14, have been Rs 7 Lakhs and Rs 73 Lakhs respectively.

I guess it was the need of the hour for them to raise some capital, with the losses over the last two years. It is very encouraging though that VC investors are now looking at startups in the capital markets. Fundsindia (around Rs 80 crores), Scripbox (Rs 20 crores), Samco/Indian trading league (Rs 20 crores), and now RKSV (Rs 27 crores). Most of these investments were committed before the recent bloodbath on the stock markets. It would be interesting to find out from the investors if they would have committed capital with so much turmoil around.

Wishing the team at RKSV securities all the best. Also hoping that they spend the money wisely and not just blow it all out on advertising like Samco securities.

Don’t forget to visit http://comparebrokerages.in/.

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Empowering Indian retail investors/traders,

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