Nj Wealth vs. Zerodha – Broker Comparision

By TBS Team | March 13, 2024

Selecting an appropriate brokerage platform is essential when making stock market investments. Two prominent players in the Indian brokerage industry are Nj Wealth and Zerodha.

In this article, we’ll delve into a detailed comparison of these two brokers by giving you a complete Zerodha and Nj Wealth review, considering various aspects such as Zerodha vs Nj Wealth charges, trading platforms, customer support, and more.

NJ Wealth Vs Zerodha Overview

About Nj Wealth –

Niraj Ravindra Choksi founded NJ Wealth in 2000, and the company has its base in Surat, Gujarat. NJ Wealth provides investment advice and detailed stock analysis as a Full-Service Broker.

However, their NJ wealth demat account charges tend to be higher. They provide financial goods, such as equity trading, mutual funds, fixed deposits, and insurance products.

About Zerodha –

Zerodha, founded in 2010 by Nithin Kamath, is headquartered in Bangalore, India. Zerodha operates as a Discount Broker, executing buy/sell orders at a lower commission rate.

Zerodha demat account charges are cost-effective, which has made them popular among investors. Zerodha primarily focuses on equity and commodity trading, catering to self-directed traders and investors.

Overview Nj Wealth Zerodha
Broker Type Full-Service Broker Discount Broker
Type of company Private Private
Headquarter Surat, Gujarat Bangalore, India
Founders Niraj Ravindra Choksi Nithin Kamath
Foundation Year 2000 2010

Nj Wealth Vs Zerodha Features

Features Nj Wealth Zerodha
Equity Delivery Trading Yes No
Equity Intraday Trading Yes Yes
Equity Futures Trading Yes No
Equity Options Trading Yes No
Currency Trading Yes No
Commodity Trading Yes No
IPO (Initial public offering) No No
Stocks Suggestions No No
Robo Advisory No No
PMS (Portfolio Management Services) Yes No
Trading Institution No No
Trading Exposure Upto 7X
Mutual Funds Yes No
SIP (Systematic Investment Plan) Yes No
Forex Trading No No
Banking No No
Insurance No No

Zerodha Vs Nj Demat Account Charges and Account Opening

Zerodha, a prominent discount broker, offers a straightforward account opening process with minimal charges. Their model focuses on affordability, making it appealing to budget-conscious investors.

On the other hand, NJ Wealth, a full-service broker, provides personalized advisory services. NJ demat account charges are relatively lower. Recognizing these variations can assist investors in deciding which platform best meets their requirements and financial goals.

Account Opening and Demat Charges Zerodha Nj Wealth
Trading Account Opening Charges Rs.300 Rs.300
Demat AMC (Annual Maintenance Charges) Rs.300 per Annum Free
Trading AMC (Annual Maintenance Charges) Free Rs.250 per Annum
Margin Money Zero Minimum Rs.3,000
Offline to Online Charges Not applicable Yes
Depository CDSL CDSL & NSDL

NJ Wealth Vs Zerodha How To Open An Account

NJ Wealth:

  • Visit the NJ Wealth website.
  • Click on the “Become Partner” button.
  • Fill out the online form with your name, email, mobile number, city, and state.
  • Submit the form and wait for a call from an NJ Wealth representative.
  • Pay the account opening and other NJ Wealth demat account charges
  • Provide the representative with your PAN, bank account details, and personal information.

Zerodha:

  • You can open an individual Zerodha account online by linking your mobile number to your Aadhaar.
  • Go to signup.zerodha.com
  • Finish the e-sign procedure by following the directions displayed on the screen.
  • Pay the account opening and other Zerodha demat account charges

NJ Wealth Vs Zerodha Pros And Cons

NJ Wealth and Zerodha have their strengths and weaknesses, such as where NJ demat account charges are higher, and Zerodha has no dedicated advisor. Let’s delve into the pros and cons of NJ Wealth and Zerodha:

NJ Wealth

Pros Cons
Diverse Financial Products NJ Wealth Charges are High
Goal Planning Tools No online equity platform
Financial Literacy Initiative Rs. 3,000 minimum margin
Mobile Wealth Management Offline-to-online transfer charges
No Demat Charges  

Zerodha

Pros Cons
Zerodha demat account charges are low. No manager/advisor
Modern trading platform with advanced features No offline presence
Online IPO application using UPI Rs.300 AMC
Accurate P&L console Limited product access

Zerodha Vs Nj Wealth Brokerage Charges

Equity brokerage charges Zerodha Nj Wealth
Equity delivery brokerage Free 0.1% – 0.2%
Equity intraday brokerage Rs.20 per order 0.01% – 0.02%
Equity futures brokerage Rs.20 per order 0.01% – 0.02%
Equity options brokerage Rs.20 per order Rs.10 – Rs.20 per lot

Zerodha Vs Nj Wealth Brokerage Charges For Currency

Currency brokerage charges Zerodha Nj Wealth
Currency futures brokerage Rs.20 per order 0.01% – 0.02%
Currency options brokerage Rs.20 per order Rs.10 – Rs.20 per lot

Zerodha Vs Nj Wealth Charges For Commodity

Commodity Brokerage Charges Nj Wealth Zerodha
Commodity Options Brokerage 0.01% – 0.02% Rs.20 Per Order

Other Zerodha vs. Nj Wealth Charges

Other Brokerage Charges Nj Wealth Zerodha
Minimum Brokerage Charges Percentage of Transaction Rs.20 Per Order
Transaction Brokerage Charges 0.0000325% of Total Turnover 0.00325% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Charges As per the state As per the state
GST Charges 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)
STT Charges 0.0126% of Total Turnover 0.0126% of Total Turnover

Nj Wealth vs Zerodha Equity Exposure/Leverage

Equity Leverage Nj Wealth Zerodha
Equity Delivery Upto 2X Upto 20x
Equity Intraday Upto 7X Upto 28x
Equity Futures Upto 4X Upto 15x
Equity Options Upto 5X Upto 8x

Nj Wealth vs. Zerodha Currency Leverage

Currency Leverage Nj Wealth Zerodha
Currency Futures Upto 1X Upto 12x
Currency Options Upto 3X Upto 8x

Nj Wealth vs. Zerodha Commodity Leverage

Equity Leverage Nj Wealth Zerodha
Commodity Upto 3X Upto 17x

Nj Wealth vs. Zerodha Offers

Offers Nj Wealth Zerodha
Free Stock Trading Account No No
Free Demat Account No No
Flexible Plans Yes No
Brokerage Discounts No Yes
Happy Hours No No
1 Month Free Plan No No
Holiday Offers No No
Referral Program No No
Zero Brokerage on Loss Trades No No

Nj Wealth vs. Zerodha Advisory Services

Does NJ Wealth and Zerodha provide personalized advisory services? Nj Wealth, a full-service broker, offers customized investment advice and performs detailed stock analysis for its clients. Their robust advisory services include access to various financial instruments like bonds, mutual funds, PMS, FDs, NPS, loans against MF, equity, and ETFs.

Additionally, they emphasize financial literacy through initiatives like NJ FLAP and provide an E-Wealth app for portfolio management. In contrast, Zerodha, a discount broker, prioritizes cost-effectiveness. It charges a fixed commission for executing buy/sell orders.

While Zerodha doesn’t offer personalized advisory services to the same extent, it provides modern tools like the sleek Kite platform, Varsity learning app, and goal planning calculators. Ultimately, the choice hinges on individual preferences: Nj Wealth for comprehensive advice or Zerodha for affordability and technology-driven trading.

Features Nj Wealth Zerodha
Fundamental Reports Yes No
Research Reports Yes Yes
Company Reports Yes No
Annual Reports Yes No
Company Stock Review Yes No
Free Stock Tips Yes No
IPO Reports Yes No
Top Picks Yes No
Daily Market Review Yes No
Monthly Reports Yes No
Weekly Reports Yes No
Offline Advisory Yes No
Relationship Manager Yes No

NJ Wealth Vs Zerodha Trading Platforms

NJ Wealth:

  • NJ client desk: web-based platform with access to all your financial instruments
  • NJ E-Wealth: Mobile app for checking Valuation, Net worth, Transactions, P&L
  • NJ E-Wealth CM: Website and mobile app to manage your investments with advanced features

Zerodha:

  • Zerodha Kite: ultra-fast flagship web and mobile trading app
  • Kite Connect API: For developers and startups, you can build powerful trading platforms and experiences.
  • Console: Central dashboard tool
  • Coin: mutual fund investment platform
  • Varsity: investor education program
  • Smallcase: thematic investment platform
  • Streak: algo & strategy platform
  • Sensibull: options trading platform
  • GoldenPi: bonds trading platform
  • Ditto: Insurance platform

Nj Wealth vs. Zerodha Desktop Trading Platforms

Desktop Trading Platforms Nj Wealth Zerodha
Windows Yes Yes
Mac Yes Yes
Desktop Browser Yes Yes

Nj Wealth vs. Zerodha Mobile Trading Platforms

Mobile Trading Platforms Nj Wealth Zerodha
Mobile Browser Yes Yes
Android App Yes Yes
iOS App Yes Yes
Windows app No No
Other mobile os No No

Nj Wealth vs. Zerodha Customer Support

Customer Support Features Nj Wealth Zerodha
Relationship Manager Yes No
Offline Trading Yes No
Online Trading Yes Yes
24 * 7 Support No Yes
Email Support Yes Yes
Chat Support No Yes
Toll-free number No No
Support Branches 283 Zero

Nj Wealth vs. Zerodha Customer Complaints

BSE Complaints Nj Wealth Zerodha
BSE Complaints 0 120
BSE Resolved Complaints 0 117
Percentage of resolved BSE complaints NaN % 97.50 %
NSE Complaints 7 89
NSE Resolved Complaints 7 85
Percentage of resolved NSE complaints 100.00 % 95.51 %
BSE/NSE Complaint vs. Resolved Percentage NaN % 96.50 %

The Final Word

Both Zerodha and NJ Wealth offer unique advantages to investors. Zerodha, a discount broker, stands out for its cost-effectiveness. It charges a low and fixed commission for executing buy and sell orders.

Its user-friendly interface, particularly the sleek Kite platform, provides streaming market data, advanced charts, and an excellent UI. Zerodha also emphasizes technology-driven trading solutions.

On the other hand, NJ Wealth, a full-service broker, excels in personalized advisory services. It offers various financial products and research insights to guide investors. For those seeking comprehensive support, NJ Wealth is a strong choice.

FAQs – NJ Wealth Vs Zerodha

  1. Which Is Better – NJ Wealth Vs Zerodha?

As a full-service broker, NJ Wealth offers personalized investment advice and detailed stock analysis. Their comprehensive services include research insights and a wide range of financial products. NJ wealth brokerage charges are higher.

Zerodha, a discount broker, stands out for its cost-effectiveness. Fixed charges make Zerodha demat account charges attractive for budget-conscious traders. The user-friendly Kite platform provides real-time data, advanced charts, and an intuitive interface. Zerodha also emphasizes technology-driven trading solutions.

Ultimately, the choice between the two depends on an investor’s priorities: personalized advice and research (Nj Wealth) or affordability and modern tools (Zerodha).

  1. Is Zerodha cheaper than NJ Wealth?

Nj Wealth, a full-service broker, provides personalized investment advice and in-depth stock analysis. However, NJ Wealth brokerage charges lean toward the higher side.

In contrast, Zerodha operates as a discount broker. As the name suggests, it carries out buy/sell orders at a lower commission rate, charging a fixed brokerage fee. This cost-effectiveness appeals to budget-conscious traders, allowing them to save significantly compared to full-service brokers.

Ultimately, the choice hinges on individual preferences: Nj Wealth for comprehensive advisory services or Zerodha for affordability and technology-driven trading.

  1. Is the NJ Wealth and Zerodha partner login a secure and user-friendly platform?

NJ Wealth has designed its partner login to be secure and user-friendly. Partners can seamlessly access the NJ Partner Desk and associated services. The platform ensures a safe experience, allowing partners to efficiently manage reports, statements, brokerage, and CRM.

Additionally, NJ Wealth offers a strong network of over 33,000 franchises across India, enhancing accessibility and support. Zerodha’s partner login provides a secure and modern experience. Partners can utilize the Zerodha Partner Portal for efficient trading.

The Kite platform offers real-time data, advanced charts, and user-friendly features. Zerodha’s pioneering discount broking model emphasizes affordability and technology-driven solutions.

  1. Are Zerodha and NJ Wealth trading platforms suitable for day trading?

As a full-service broker, NJ Wealth offers personalized investment advice and detailed stock analysis. However, its brokerage fees are on the higher side. While it provides a comprehensive range of financial products, its platform may not be as streamlined for rapid day trading.

Zerodha, a discount broker, excels in cost-effectiveness. Kite’s sleek and modern trading platform provides streaming market data, advanced charts, and an excellent UI. With features like level 3 data and GTT orders, Zerodha is well-suited for active day traders seeking affordability and efficiency.

  1. What Is DP Charges In NJ Wealth?

What is DP charges in NJ wealth? NJ Wealth, a full-service broker, imposes an annual DP (Depository Participant) charge of Rs. 354 for maintaining a Demat account as part of its NJ Demat account charges. However, there’s an interesting twist: you can refund this DP charge and make it free for a lifetime! To achieve this, follow these steps:

  • NJ E Wealth Account Login: Visit the NJ E Wealth Account Login link.
  • Account Opening: If you haven’t already, open an account by clicking the NJ E Wealth Account website tab.
  • Contact Support: If you encounter issues during account opening, reach out via WhatsApp at 9516069079.
  • Lifetime Nil DP Charge: Watch the video tutorial to learn how to make the Rs. 354 charge NIL for a lifetime.

Remember, NJ Wealth’s personalized advisory services and comprehensive product range come alongside these charges, so choose wisely based on your preferences!

  1. What are the NJ Wealth brokerage charges for mutual funds?

Investors must comprehend NJ Wealth brokerage charges mutual fund, as it can impact their investment returns significantly. NJ Wealth brokerage charges mutual fund fees that can differ based on the investment amount and the particular fund selected.

  • Basic Option for Direct Equity: The transaction amount incurs a charge of 0.5% or ₹20, whichever is lower.
  • Variable Brokerage: Depending on the agreement with NJ Wealth, you can select a brokerage rate between 0.1% and 2.5%.

Disclaimer: This blog is written for educational purpose only. Data, Securities, Advisory and Quotes mentioned here are for guidance only. Doing research by investors itself is highly recommended.

Open chat
1
Need Help?
Connect Us for More Existing Offers
Get 90% Discount on Brokerage Now!