The comparison between NJ Wealth, Dhan, and Shoonya by Finvasia highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Nj Wealth is known for its user-friendly trading experience and reliability, while Dhan stands out for offering competitive brokerage rates and an advanced mobile trading platform. Shoonya provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 72000, 982,814, and 152,384 users respectively, reflecting their popularity among investors. Overall, this comparison of NJ Wealth, Dhan, and Shoonya by Finvasia helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their offerings. NJ Wealth provides 4 for Overall Rating, while Dhan offers 4.4 and Shoonya by Finvasia features 4.
| Services / Features | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE | NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 72000 | 982,814 | 152,384 |
| Broker Overview | NJ Wealth Review | Dhan Review | Shoonya Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveal significant differences in their offerings. NJ Wealth provides N/A trading and demat account opening, while Dhan offers Free and Shoonya by Finvasia features Free.
| Account Opening Charges and AMC | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Trading Account Opening | — | Free | Free |
| Trading AMC | ₹300 per year | Zero | Zero |
| Demat Account Opening | — | Free | Zero |
| Demat AMC | ₹300 | Zero | Zero |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their brokerage plans. NJ Wealth, Dhan, and Shoonya by Finvasia do not offer any brokerage plans.
| Brokerage Plans | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Multiple Plans | No | No | No |
| Monthly Plans | No | No | No |
| Yearly Plans | No | No | No |
Brokerage Charges
This comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their brokerage charges. NJ Wealth charges 0.10 of Transaction Value brokerage on equity delivery and intraday, 0.01 of Transaction Value for futures, and Rs.10 per Lot for options. Dhan charges Zero brokerage on equity delivery and intraday, ₹20 or 0.03% per executed order for futures, and ₹20 per executed order for options. Shoonya by Finvasia charges Zero brokerage on equity delivery and intraday, ₹5 for futures, and ₹5 for options.
| Brokerage Charges | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Plan Name | - | ||
| Equity Delivery | 0.10 of Transaction Value | Zero | Zero |
| Equity Intraday | 0.01 of Transaction Value | ₹20 or 0.03% per executed order | ₹5 |
| Equity Futures | 0.01 of Transaction Value | ₹20 or 0.03% per executed order | ₹5 |
| Equity Options | Rs.10 per Lot | ₹20 per executed order | ₹5 |
| Currency Futures | NA | ₹5 | |
| Currency Options | NA | ₹5 | |
| Commodity Futures | ₹5 | ||
| Commodity Options | ₹5 | ||
| Hidden Charges | No | Zero | Zero |
| Call & Trade Charges | ₹30 per trade | ₹50 + GST | Zero |
| Auto Square Off Charges | ₹30 per trade | ₹20 + GST | Zero |
| Brokerage Calculator | Dhan Brokerage Calculator | Shoonya by Finvasia Brokerage Calculator |
Transactions Charges
This comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their transactions. NJ Wealth provides 0.00335% (NSE) & As per Stock (BSE) for Transaction Charges Equity Delivery, while Dhan offers BSE: 0.00375% NSE: 0.00297% and Shoonya by Finvasia features 0.00297%.
| Transactions Charges | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Equity Delivery | 0.00335% (NSE) & As per Stock (BSE) | BSE: 0.00375% NSE: 0.00297% | 0.00297% |
| Equity Intraday | 0.00335% (NSE) & As per Stock (BSE) | BSE: 0.00375% NSE: 0.00297% | 0.00297% |
| Equity Futures | 0.002% (NSE & BSE) | NSE: 0.00173% BSE: 0 (Zero) | 0.00173% |
| Equity Options | 0.053% (on premium) | NSE: 0.03503% (on premium) BSE (Index): 0.0325% (on premium) | 0.03503% |
| Currency Futures | — | NA | 0.00035% |
| Currency Options | — | NA | 0.0311% |
| Commodity | — | NSE: 0.0001% MCX: 0.0021% | — |
Account Features
These are the notable distinctions in the account features of NJ Wealth, Dhan, and Shoonya by Finvasia when compared.
| Account Features | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| 3-in-1 Account | No | No | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | No | No | Yes |
Trading Platforms
The trading platforms comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their offerings. NJ Wealth, Dhan and Shoonya by Finvasia provide web trading platforms and mobile trading platforms.
| Trading Platforms | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | NJ Wealth | Dhan | Shoonya |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Download | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Zero | Nil |
Broker Ratings
The broker ratings comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their offerings. NJ Wealth provides 4 for Fees Ratings, while Dhan offers 4.5 and Shoonya by Finvasia features 4.8.
| Broker Ratings | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Fees Ratings | 4 | 4.5 | 4.8 |
| Trading Brokerage Rating | 4 | 4.6 | 4.5 |
| Trading Platform Usability | 4 | 4.4 | 4.6 |
| Customer Service Ratings | 4 | 4.3 | 4.4 |
| Overall Ratings | 4 | 4.4 | 4.5 |
Investment Offerings
This comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their investment offerings. NJ Wealth provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Dhan provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities and Shoonya by Finvasia provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | No | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | No |
| Insurance | No | No | No |
| Forex | Yes | No | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | No | No |
| Other Investment Options | Yes | Yes | Yes |
Customer Support Offered
This comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their customer support offerings. NJ Wealth provides Yes Customer Service, while Dhan offers Yes and Shoonya by Finvasia features Yes.
| Customer Support Offered | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | Yes |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | No | Yes | No |
| Through Branches | Yes | Yes | Yes |
| Customer Care Number | 0261-6155000 | (+91) 9987761000 | +91 97799 02002 |
| Account Opening Process | Online | Online/Paperless | Online/Paperless |
| Customer Support Email | — | [email protected] | [email protected] |
| Knowledge Center / Education | — | https://dhan.co/blog/ | https://blog.shoonya.com/ |
| Head Office Address | BLOCK NO.901 & 902, 6TH FLOOR, ‘B’ TOWER, UDHNA UDYOG NAGAR SANGH COMMERCIAL COMPLEX, | Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104 | |
| Website | https://www.njwealth.in/ | https://dhan.co/ | https://shoonya.com/ |
Research and Reports
The research and reports comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their offerings.
| Research and Reports | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between NJ Wealth, Dhan, and Shoonya by Finvasia reveals significant differences in their demat account charges. NJ Wealth provides CDSL & NSDL for DP Source, while Dhan offers CDSL and Shoonya by Finvasia features CDSL.
| Demat Account Charges | NJ Wealth | Dhan | Shoonya by Finvasia |
|---|---|---|---|
| DP Source | CDSL & NSDL | CDSL | CDSL |
| DP ID | CDSL - 64200 | NSDL - IN304262 | 289-2016 | 12084300 |
| Demat Account Annual Maintenance Charges (AMC) | ₹300 | Zero | Zero |
| Advance Deposit | No | Zero | Zero |
| Transaction Charges on Debit (Per ISIN) | — | — | — |
| Demat | ₹20/-per certificate + ₹50/-for courier charges | ₹12.50 per instruction + GST | ₹9 + GST |
| Remat | ₹150/- per certificate + courier handling | ₹12.50 per instruction + GST | ₹9 + GST |
| Pledge Creation | ₹40/- per ISIN | ₹15 per instruction + GST | Rs 20 per instruction |
| Pledge Creation Confirmation | ₹40/- per ISIN | Yes | Yes |
| Pledge Closure | ₹40/- per ISIN | ₹15 per instruction + GST | Rs 20 per instruction |
| Pledge Closure Confirmation | ₹40/- per ISIN | Yes | Yes |
| Pledge Invocation | ₹40/- per ISIN | ₹15 per instruction + GST | Rs 20 per instruction |
| Failed Instruction Charges | ₹350 for a cheque bounce | ₹100 + GST | ₹49 per instruction |
| Other Charges | — | Zero | — |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| NJ Wealth |
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| Dhan |
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| Shoonya by Finvasia |
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Frequently Asked Questions
The account opening charges vary significantly: NJ Wealth charges Not specified, Dhan charges Free, and Shoonya by Finvasia charges Free. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: NJ Wealth offers 0.01 of Transaction Value for equity intraday, Dhan provides ₹20 or 0.03% per executed order, and Shoonya by Finvasia charges ₹5. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: NJ Wealth offers 4, Dhan provides 4.6, and Shoonya by Finvasia features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: NJ Wealth has 4 support, Dhan offers 4.3, and Shoonya by Finvasia provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: NJ Wealth with 4, Dhan with 4.4, and Shoonya by Finvasia with 4.6. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: NJ Wealth (Yes), Dhan (Yes), and Shoonya by Finvasia (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: NJ Wealth offers user-friendly platforms with educational resources, Dhan provides competitive pricing with intuitive interfaces, and Shoonya by Finvasia combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: NJ Wealth focuses on intuitive design and quick execution, Dhan emphasizes advanced charting and analysis tools, while Shoonya by Finvasia balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
NJ Wealth
