IIFL vs NJ Wealth – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of IIFL vs NJ Wealth. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IIFL & NJ Wealth will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

IIFL vs NJ Wealth

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

Compare Stock Brokers


This IIFL &   NJ Wealth comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare  NJ Wealth & IIFL

Overview of IIFL / India Infoline & NJ Wealth

OverviewIIFLNJ Wealth
Company TypePublicPrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaSurat, Gujarat
FounderNirmal JainNiraj Ravindra Choksi
Established Year19952000

IIFL / India Infoline vs NJ Wealth Customer Ratings Comparison

Customer RatingsIIFLNJ Wealth
Experience8.8/105.8/10
Products & Services8.8/105.8/10
Brokerage Charges & Fees8.2/105.6/10
Stock Research & Advisory8.9/105.4/10
Trading Platforms9.0/105.8/10
Overall Ratings8.7/105.6/10
Star Ratings★★★★★★★★☆☆
Total Client Reviews418219

IIFL / India Infoline vs NJ Wealth Demat Account Comparison

Demat ServicesIIFLNJ Wealth
Depository SourceNSDL & CDSLCDSL & NSDL
Account Opening ChargesZeroRs.300
Demat AMC ChargesFree for 1 year & Rs.450 per annum thereafterFree
Trading AMC ChargesFreeRs.250 per Annum
Margin MoneyMinimum Rs.10,000Minimum Rs.3,000
Offline to OnlineRR

NJ Wealth vs IIFL / India Infoline Brokerage Charges Comparison

Brokerage Charge & FeesIIFLNJ Wealth
Equity Delivery TradingFree0.1% – 0.2%
Equity Intraday TradingRs.20 per order or 0.05%, whichever is lower0.01% – 0.02%
Commodity Options TradingRs.20 per order or 0.05%, whichever is lower0.01% – 0.02%
Equity Futures TradingRs.20 per order or 0.05%, whichever is lower0.01% – 0.02%
Equity Options TradingRs.20 per orderRs.10 – Rs.20 per Lot
Currency Futures TradingRs.20 per order or 0.05%, whichever is lower0.01% – 0.02%
Currency Options TradingRs.20 per order or 0.05%, whichever is lowerRs.10 – Rs.20 per Lot
Minimum BrokerageRs.0.05 per SharePercentage of Transaction
Demat AMC ChargesFree for 1 year & Rs.450 per annum thereafterFree
Trading AMC ChargesFreeRs.250 per Annum
Margin MoneyMinimum Rs.10,000Minimum Rs.3,000
Brokerage CalculatorIIFL Brokerage CalculatorNj India Brokerage Calculator

NJ Wealth & IIFL / India Infoline Other Charges Comparison

Other ChargesIIFLNJ Wealth
Transaction Charges0.00325% of Total Turnover0.0000325
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover ChargesRs.5 per crore0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare NJ Wealth & IIFL / India Infoline Offers

OffersIIFLNJ Wealth
Free Demat AccountRS
Free Trading AccountRS
Discount on BrokerageSS
Trading Happy HoursSS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersSS
Referral OffersRS
Zero Brokerage for Loss Making TradesSS

Compare Services of IIFL / India Infoline vs NJ Wealth

ServicesIIFLNJ Wealth
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountSS
Intraday ServicesRR
IPO ServicesRS
Stock RecommendationsRR
Robo AdvisorySS
PMSRR
Trading InstitutionSS
Trading ExposureUpto 20xUpto 7X

Compare NJ Wealth & IIFL / India Infoline Research & Advisory

Research & AdvisoryIIFLNJ Wealth
Fundamental ReportsRR
Research ReportsRR
Company ReportsRR
Annual ReportsRR
Company Stock ReviewRR
Free Stock TipsRR
IPO ReportsRR
Top PicksRR
Daily Market ReviewRR
Monthly ReportsRR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

IIFL / India Infoline vs NJ Wealth Exposure/Leverage

Exposure / LeverageIIFLNJ Wealth
Equity DeliveryUpto 5xUpto 2X
Equity IntradayUpto 20xUpto 7X
Equity FuturesUpto 3xUpto 4X
Equity OptionsUpto 3xUpto 5X
Currency FuturesUpto 2xUpto 1X
Currency OptionsUpto 2xUpto 3X
CommoditiesUpto 3xUpto 3X
Margin CalculatorIifl Margin CalculatorNj Wealth Margin Calculator

IIFL / India Infoline vs NJ Wealth Product Comparison

ProductsIIFLNJ Wealth
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRS
BankingSS
SIPRR
InsuranceSS

IIFL / India Infoline vs NJ Wealth Trading Platform Comparison

Trading PlatformsIIFLNJ Wealth
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformRR
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsRR
Easy InstallationRR
Global IndicesRR
Stock TipsRR
Personalized AdvisoryRS
Interactive ChartsRR
Live MarketsRR
SMS AlertsRR
Email AlertsRR
Multi Account ManagementRS

IIFL / India Infoline vs NJ Wealth Customer Support

Customer SupportIIFLNJ Wealth
Dedicated DealerRR
Offline TradingSR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportRS
Toll Free Number1800 3000 1155S
Branches120283

IIFL / India Infoline vs NJ Wealth Customer Complaints

Complaints (Current Year)IIFLNJ Wealth
Lodged in BSE1450
Resolved in BSE1220
Lodged in NSE2147
Resolved in NSE2127

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