Kalpataru Multiplier Review, Brokerage Charges, Demat A/C, Platforms & more

Kalpataru Multiplier is a stockbroker company that focusses in guiding stock traders to earn maximum profits. Located in Bhopal, it is a company that offers a wide range of brokerage services.

They are in this business for more than 27 years now, operating in 8 branches across India. They have approximately 98 reviews from customers which is just par.

Although they have variety and diversity in the services, they lack conviction at times resulting in an average overall experience for the traders.

In this article, we will discuss in detail about Kalpataru Multiplier, its brokerage charges, trading platforms, offers & more.

Kalpataru Multiplier offers

Kalpataru Multiplier Customer Ratings & Review

Products & Services3.4/5
Brokerage Charges & Fees3.1/5
Stock Research & Advisory3.3/5
Trading Platforms2.9/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews98


About Kalpataru Multiplier

Company TypePublic
Broker TypeFull Service Broker
HeadquartersBhopal, Madhya Pradesh
FounderRamesh Manya Jain
Established Year1992

Kalpataru Multiplier Incorporated in the year 1992, Kalpataru Multiplier private limited has become a pioneer in Stockbroker industry.

Ramesh Manya Jain inaugurated the first operative firm in Bhopal, Madhya Pradesh back in 1992.

Since then hundreds of employees are working in numerous franchises all over India, cementing its legacy for the last 27 years.

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Kalpataru Multiplier Brokerage Charges

Equity Delivery Trading0.44%
Equity Intraday Trading0.04%
Commodity Options Trading0.04%
Equity Futures Trading0.04%
Equity Options Trading Rs.44 per Lot
Currency Futures Trading0.04%
Currency Options TradingRs.34 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.300 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.15,000
Brokerage CalculatorKalpataru Multiplier Brokerage Calculator

The cost to open up a Demat account with Kalpataru Multiplier is ₹250. However, in the case of investors, they don’t charge anything. An AMC cost of ₹300 will be applicable.

For Equity Delivery trading they charge a fee of 0.44% and for Intraday trading, Commodity Options trading, Equity Future trading and Currency Options trading that goes down to 0.04% respectively.

They offer ₹44 per lot for Equity options trading and ₹34 per lot for Currency options trading respectively. Kalpataru Multiplier also allows a minimum of ₹15,000 as Margin Money.

The brokerage fee percentage that they charge is applicable to the final trading transaction amount as per market rates.

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Kalpataru Multiplier Other Charges

Transaction Charges0.00275%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

They charge a fee of 0.00275% on the final transaction amount along with STT of 0.0126% on Total Turnovers and SEBI of 0.0002% on Total Turnovers respectively.

The Stamp Duty fee which varies from state to state will also be applicable along with GST of 18% on the aggregate value of the transaction amount plus their brokerage amount.

The traders don’t need to worry though as these additional charges are negligible and most likely will not affect your profit returns.


Kalpataru Multiplier Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.250
Demat AMC ChargesRs.300 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.15,000
Offline to OnlineYes

To open up a Trading account including the Delay account, the traders need to pay only ₹250. The AMC for the Demat account is ₹300.

One good thing is they provide the AMC of Trading account free of cost. Kalpataru Multiplier doesn’t charge profit margins from traders which is always a positive business strategy.

Kalpataru Multiplier Offers

Free Demat AccountNo
Free Trading AccountYes
Discount on BrokerageNo
Trading Happy HoursNo
Flexible Brokerage PlansNo
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersNo
Zero Brokerage for Loss Making TradesNo

Fees will be applicable for opening a Demat. However, Trading account opening is free of cost. They don’t provide any discount on brokerage fees nor do they offer any ‘Happy Hours’.

Kalpataru Multiplier doesn’t allow the Flexible Brokerage plans, neither they have any referral programs in operation.

Kalpataru Multiplier will not provide any rebate or discount in brokerage fees if a trader incurs a loss while trading.

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How to Open a Demat Account with Kalpataru Multiplier?

Here are the steps to open a Demat account with Kalpataru Multiplier:

  • The traders need to fill-up the registration form by clicking the green button that says “Open Demat Account” below.
  • Then the traders need to submit the necessary KYC documents – Aadhaar Card, PAN Card, Age Proof, Identity Proof, Address Proof and 1 Passport Size Photograph.
  • Once the trader uploaded all the necessary KYC documents to their portal, a representative of Kalpataru Multiplier will call you for the further verification process.
  • Once the verification process is complete, they will notify you and grant access to your Demat account in a few hours.

Why Open Kalpataru Multiplier Trading Account?

Demat account is mandatory for every stock trader. Although Demat account safeguards the purchased shares, it also plays the most significant part while trading.

Here are a few reasons why you should open a Demat account from Kalpataru Multiplier:

  • Kalpataru Multiplier offers a hassle-free stock trading experience to all their associates by providing a suitable and user-friendly trading platform.
  • We provide 360° assortment of products and services that allow their associates to capitalise and earn profits.

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Kalpataru Multiplier Products & Services

Here are the list of Products & Services provided by the stock broker –

Products Offered by Kalpataru Multiplier

Equity TradingYes
Commodity TradingYes
Currency TradingYes
Mutual FundsYes

Kalpataru Multiplier offers a complete range of investment and trading services – Equity Trading, Commodity Trading, Currency Trading, Options, SIP, Futures, Mutual Funds and Forex. They don’t deal with Insurance and Banking activities up until now.

Kalpataru Multiplier Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesNo
Stock RecommendationsYes
Robo AdvisoryNo
Trading InstitutionYes
Trading ExposureUpto 6X

They offer services that are related to Demat accounts, Trading accounts, Intraday services, Stock Recommendations and Trading Institutions.

They don’t operate 3-in-1 accounts, IPO Services, Robo Advisory and PMS up until now. However, they do provide Trading exposure up to 6x.


Kalpataru Multiplier Research, Advisory and Stock Tips

Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

Kalpataru Multiplier offers a wide range of services that facilitate research support to our trading associates. Here is a list of services that they provide:

  • Daily analysis reports of every requested stock.
  • Regular call evaluation.
  • Ontime weekly & monthly stock reports.
  • On-demand Offline advice.
  • Dedicated relationship managers for better communication and understanding.
  • Free stock tips.

Kalpataru Multiplier Exposure or Leverage

Equity DeliveryUpto 2X
Equity IntradayUpto 6X
Equity FuturesUpto 3X
Equity OptionsUpto 5X
Currency FuturesUpto 2X
Currency OptionsUpto 6X
CommoditiesUpto 5X
Margin CalculatorKalpataru Multiplier Margin Calculator

Kalpataru Multiplier offers massive leverage or exposures to all the trading associates. They offer Equity Delivery and Currency Futures up to 2x, whereas 3x to Equity Features respectively.

For Equity Intraday and Currency Options, they offer a staggering up to 6x and 5x to Equity Options and Commodities respectively.

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Kalpataru Multiplier Trading Platforms

Various trading platforms & features about the the stock broker are provided below –

Desktop Platform – WindowsYes
Desktop Platform – MacNo
Desktop Browser PlatformNo
Mobile Site PlatformYes
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsNo
Easy InstallationNo
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsNo
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

Kalpataru Multiplier offers services on multiple platforms:

Kalpataru Multiplier Trading Terminal

They provide a desktop application available on their website. Any trading associates can download it and access their respective accounts using this desktop application.

Although this application doesn’t support easy installation, it still has some intriguing features like online fund transfer from bank to your Demat account and multiple windows functionalities.

One of the flaws, however, is this application is only for the Windows users, not for iOS or Linux.

Kalpataru Multiplier Web Trading Platform

Traders can access their account using the online web portal via Mozilla Firefox and Google Chrome. It has got some essential features like rigorous research with recommendations and Live market streaming.

It is said to be the best trading platform that Kalpataru is offering as it has got all the functionalities in a single display.

Kalpataru Multiplier Mobile Trading App

Kalpataru Multiplier offers the service in the mobile app on Android version which the traders can download either from their website or from Google Playstore.

The App contains some useful features like tracking investments and trades, stream news, mutual fund, metals and indexes. They claim that they offer the best relationship management via this app.

Traders can see all their holdings, ledger, margin, open position, trade details and derivatives. Hopefully, they will launch an Apple iOS version too.

Kalpataru Multiplier Customer Care

Dedicated DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support NumberNA
Email SupportYes
Chat SupportNo
Toll Free NumberNo

Kalpataru Multiplier offer decent customer care support to both online and offline traders. Although they don’t have any dealer support, they do accept calls.

But the unavailability of chat support gives negative marking in overall customer support experience. Yes, one can email them and they are indeed quick to respond.

Kalpataru Multiplier Complaints and Feedback

Find the list of complaint against Kalpataru Multiplier –

Lodged in BSE0
Resolved in BSE0
Lodged in NSE2
Resolved in NSE2

Kalpataru Multiplier is in operation for over 27 years now with 480 branches across India. In spite of such a magnitude, they have received just a couple of complaints each from BSE and NSE.

As low as 0.04% of the active clients have complaints which are marginal over the years. The stats justify the efficiency in providing services.

Kalpataru Multiplier Disadvantages

We can’t call them disadvantages, rather we should call these factors can be improved:

  • Average functionalities in Mobile Apps & Desktop application.
  • The lack of chat support is a major factor today.
  • The overall service fee is on the higher side along with some hidden charges.

Kalpataru Multiplier Conclusion

Kalpataru Multiplier is without a doubt a trendsetter in stockbroker industry. With the business operating in 480 franchises in India for more than 27 years itself tells the story of its success.

New functionalities are being added and thus making it one of the best Stock Broker agencies in India.

However, there are still some areas that they need to work on to improve the overall user experience.

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