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Manubhai Mangaldas Review, Brokerage Charges, Demat Account & more

Manubhai Mangaldas has a very good reputation in the finance sector. This broking company is equipped with talented team of professional staff members that has a blend of youth and experience.

Let us quickly find out the detailed review of Manubhai Mangaldas where you will get to discover everything from the Brokerage rates they charge for each of the segments and whether they are high or low or at par with the market.

Also, whether their Offers are satisfying and attractive or not, how well their Trading Platforms works, level of Exposure, Products & more.

Manubhai Mangaldas offers


Manubhai Mangaldas Customer Ratings & Review

Experience2.6/5
Products & Services2.9/5
Brokerage Charges & Fees2.4/5
Stock Research & Advisory2.5/5
Trading Platforms2.9/5
Overall Ratings2.6/5
Star Ratings★★★☆☆
Total Client Reviews117

The above table distinctly explains that Manubhai Mangaldas has performed extremely well in almost all the categories. As you can see their ratings are marvellous.

You can undoubtedly venture with this Full Service Broker to button up your investments.


About Manubhai Mangaldas

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersNew Delhi
FounderManubhai M Bhaga
Established Year1986

Manubhai Mangaldas

This Private Company by the name of Manubhai Mangaldas was established in the year 1986 under the guiding mind-set of Mr. Manubhai M Bhaga.

The headquarters of Manubhai Mangaldas is in New Delhi.

The Broking house is a full service broker & has been working really well in the captal city of India.

They have a large ecosystem of sub brokers aswell which helps them to create a big brand out of them.


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Manubhai Mangaldas Brokerage Charges

Manubhai Mangaldas is a conventional stockbroker. Their brokerage charges are very in-expensive and easy on the pocket within the budget.

Here below are their Brokerage details:

Equity Delivery Trading0.22% – 0.44%
Equity Intraday Trading0.022% – 0.044%
Commodity Options TradingNA
Equity Futures Trading0.022% – 0.044%
Equity Options TradingRs.22 – Rs.44 per Lot
Currency Futures Trading0.022% – 0.044%
Currency Options TradingRs.22 – Rs.33 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.10,000
Brokerage CalculatorManubhai Mangaldas Brokerage Calculator

Manubhai Mangaldas charges an average brokerage from the clients and they also provide a flexible brokerage plans. You can get a range of brokerage from 0.22% to 0.44% for the equity delivery segment.

The range is pretty fair as it suits the one with small capital and the HNIs as well. Then for the cash segment, the charges are between 0.022% and 0.044% and this brokerage is also applicable on the currency and equity futures.

The charges for each lot of equity options is Rs. 22 at the least and it can go up to Rs. 44. The same for the currency options is within the range of Rs. 22 to Rs. 33.

As you can check and understand the charges are reasonable.


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Manubhai Mangaldas Other Charges

Transaction Charges0.00311%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

The Transaction charges imposed by Manubhai Mangaldas is 0.00311%.

The compulsory charges to be paid to Manubhai Mangaldas are SEBI Turnover and STT charges, Stamp Duty which is very nominal as per the government in the state and GST whcihis is to be paid at the rate 18%.

These charges are mandated by the government and they have to be paid with each of the transaction on the total turnover value.

For GST, it is applicable on the cumulative amount of each transactions brokerage and transaction itself.


 

Manubhai Mangaldas Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.250
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyMinimum Rs.10,000
Offline to OnlineYes

You can obtain a Demat account with this extensive stockbroker at Rs.250 per Annum. The Account maintenance charge is Rs. 250 per annum for Demat account.

This broker does not levy anything towards Trading AMC Charges. They do ask for a Minimum of Rs.10,000 as Margin Money from the investors.

So, the charges towards account opening is also nominal and do not fall in the higher bracket which helps the traders.


Manubhai Mangaldas Offers

Free Demat AccountNo
Free Trading AccountYes
Discount on BrokerageYes
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersNo
Zero Brokerage for Loss Making TradesNo
  • This broker gives you the facility of a Free Trading Account.
  • With this broker you can get the benefit of Flexible Brokerage Plans
  • Avail Discount on Brokerage as well.

To know about offers of other stock brokers check below

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Elite WealthFast Capital MarketsGlobe CapitalHSE Securities
Emkay GlobalFindoc InvestmartGogia CapitalIFCI Financial

How to Open a Demat Account with Manubhai Mangaldas?

You can open Manubhai Mangaldas Demat account by going to any of their branch office which is in your close proximity.

You can also save your precious time by not making any personal visit to their office and instead prefer to do an online application.

For online application –

  • Green “Open Demat Account” button in the bottom of the page, click there.
  • A Form will pop-up, fill up the form.
  • When filling the form for Demat application, you have to correct about the information you are providing on the form as they will be cross checked and verified. So make sure all the information are correct.
  • To move ahead the next you will have to do is upload all your KYC documents which will include PAN, Address Proof, AADHAAR, Voter Id proof, and passport size photograph. All these documents have to be scanned and uploaded.
  • When all your details and documents are successfully submitted to them, you will very soon get to hear someone from the Manubhai Mangaldas Sales team calling you for verification purpose.
  • Within the 1-2 hours of verification process is over and your application is approved, you can get your login details on mail.

Why Open Manubhai Mangaldas Trading Account?

If you are looking for the reasons to open a trading account with this brokerage house then there are quite a few which are worth mentioning.

There are many investors friendly and economical Trading Platforms offer that are provided by Manubhai Mangaldas to trade.

The benefits of opening trading account with this broker are –

  • You can get quick and competent trading platforms for excellent trading experience free from slowdowns and waiting times.
  • Their charges whether brokerage or transaction charges are very competitive and easily affordable.
  • The broking house firmly believes in maintaining transparency in all their transactions.
  • They endow with secure, customised and comprehensive financial solutions to the clients which in turn helps them to achieve sustained growth.
  • Their aim is to serve their investors with full zeal and dynamism.

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Manubhai Mangaldas Products & Services

Listed here below are the lists of Products & Services that are provided by Manubhai Mangaldas –

Products Offered by Manubhai Mangaldas

Equity TradingYes
Commodity TradingNo
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsNo
ForexNo
BankingNo
SIPNo
InsuranceNo

It can be seen from the above table that this eminent broker provides an ample range of trading products where you can invest your money.

These Products include Equity Trading, Currencies, Options and Futures. The customers usually prefer to stick to Manubhai Mangaldas only for all their financial needs as most of the products are available at the doorstep of this broker.

The customers are not in favour of opening distinct accounts with other fiscal units instead they opt to pick something from the bunch of products provided by Manubhai Mangaldas.

Manubhai Mangaldas Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 5X

This broker provides all the regular share broking services whether it is Demat services with the Depository – CDSL and NSDL or the trading services which also includes intraday services.

There is provision for IPO trading as well.


 

Manubhai Mangaldas Research, Advisory and Stock Tips

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

This stockbroker strives hard and leaves no room for expansion when in it comes to research.

The research team provides everything from daily to the monthly reports, stock picks, daily top stocks and many other services.


Manubhai Mangaldas Exposure or Leverage

Equity DeliveryUpto 2X
Equity IntradayUpto 5X
Equity FuturesUpto 2X
Equity OptionsUpto 6X
Currency FuturesUpto 3X
Currency OptionsUpto 2X
CommoditiesUpto 1X
Margin CalculatorManubhai Mangaldas Margin Calculator

Manubhai Mangaldas Brokerage provides an average exposure level to the clients in which 6times leverage to their client which is in Equity Options is the maximum of all.

The leverage in Equity Intraday is up to five times then followed by currency futures which is three times. So, this is evident that their exposure level is not too high.


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Manubhai Mangaldas Trading Platforms

Desktop Platform – WindowsYes
Desktop Platform – MacYes
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 BuyNo
News FlashNo
Research ReportsYes
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementNo

Trace out the details about the different types of trading platforms offered by Manubhai Mangaldas to its consumers.

Manubhai Mangaldas Trading Terminal

It is the desktop based trading platform that is operable on Windows and MAC system. The features you can see in this platform are –

  • Lots of technical indicators, charts, tools to make your trading more analysed and profitable
  • Email and SMS alerts to keep you updated all the time
  • Real time updates where you can put your portfolio and track
  • The software is easy to install and very user-friendly when it comes to its functioning
  • There are options to trade across exchanges

Manubhai Mangaldas Web-based Trading Platform

The features of the web-based trading platform offered by this broker are –

  • Real time updates, you can put your portfolio and track it anytime
  • You can set alerts for any trading updates and you will get email and SMS alerts
  • There are technical indicators and charts for your use
  • You can also get the research reports on your trading platform only

Manubhai Mangaldas Mobile Trading App

On the mobile application you can get –

  • It is accessible on the Android platform and also on iOS platform
  • You can get all the real time data on the mobile application
  • Various kind of orders are available and you can place them quickly without losing the price you want to bid
  • There are various alerts which you can set
  • Check the charts and use the technical indicators as well

Manubhai Mangaldas Customer Care

The services offered by the customer care management of this firm are –

Dedicated DealerYes
Offline TradingYes
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free NumberNo
Branches10

You can expect to get support for both your online and offline trades. If you ever face any difficulties in trading on their platform you can shoot an email to the customer care.

Manubhai Mangaldas has in all 10 branches in different parts of the country.


Manubhai Mangaldas Complaints and Feedback

Here below is the documentation of the complaints that have been filed against Manubhai Mangaldas

Lodged in BSE0
Resolved in BSE0
Lodged in NSE1
Resolved in NSE1
Percentage of No. of Complaints Received Against Number of Active Clients0

Only two complaints were filed on NSE and no complaints filed in BSE against Manubhai Mangaldas in the year 2018-19.

Hardly there are any issues faced by the clients as we can depict from this.


Manubhai Mangaldas Disadvantages

The few disadvantages of the firm are –

  • There is no referral offers
  • There is no provision for opening 3-in-1 account

Manubhai Mangaldas Conclusion

Manubhai Mangaldas is a fast growing stock broking company and financial service corporate. This Company is committed towards catering to the diverse needs of individual clients.

Their dynamic team with dedicated people strives hard to achieve excellence. They also work rigorously to increase its scale of operations.

This broking company puts in great efforts in making its services available to a larger group of corporate and retail customers.

Get a value driven and personalized service based on your unique financial needs from Manubhai Mangaldas for your long term gains.


Open Demat Account with Manubhai Mangaldas

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