Narayan Securities Review, Brokerage Charges, Demat Account & more

Narayan Securities Limited, is a proud full service brokerage firm that has been extending their services in terms of equity and derivative trading for well over thirty years.

The prime objective of this article will be to vivisect the quality of their products, services, brokerage charges, other charges, permanent or occasional offers and the effectiveness of their platforms.

In short we will try to scrutinize if the firm as a whole can be relied upon.

Narayan Securities Ratings & Review by Top10StockBroker

About Narayan Securities

The company was incorporated on 24^th of April 1989 within the judicial premises of New Delhi by their founder Mr. Ramesh Chnadra Saraf.

Their authorized capital value currently stands at Rs. 300 lakhs and paid up capital value at 240.25 lakhs as per their last updated financials as on 32st March 2017.

The firm has been actively serving traders with equity and derivative trading across several platforms for well over 30 years in a row.

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Narayan Securities Brokerage Charges

The aforementioned chart draws a clear picture of NARAYAN Securities’ charges as are levied up on their registered traders.

They charge 0.36% on the total on equity delivery trading and 0.04% on equity intraday trading, equity options trading, equity futures trading and currency futures trading respectively.

They also provides Rs.36 per lot for providing services in regards to equity options trading and currency options trading.

The annual maintenance charge for having a Demat or a Trading Account with them is charged at Rs.250 per annum alongside the requirement for the respective traders to maintain a minimum margin money balance of Rs.10,000.

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Narayan Securities Other Charges

The chart as mentioned above gives a brief description about the list of the charges that are imposed by NARAYAN Securities other than their respective brokerage fees.

It includes a charge of 0.00325% in the form of transaction charge, 0.0126% of the total turnover as STT, 0.0002% of the total turnover as SEBI turnover charges and 18% overall GST on the sum of the brokerage as well as transaction charges.

Beside this, there is a minimalistic stamp duty, which is, however, variable as per the states.

Narayan Securities Demat Account Opening Fees

Narayan Securities, as a trading firm is an extensive conciliator that allows anyone and everyone to join in as a trader.

In fact, their registration process is very simple and does not require any trader to pay a single penny for the sake of opening up an account.

Nonetheless, the do require their registered traders to pay a sum of Rs.250 per annum for the sake of maintaining a Trading or Demat Account with them apart from  an amount of Rs.10,000 as margin money.

Narayan Securities Offers

As you can clearly observe in the aforementioned chart that Narayan Securitas do have certain offers related to Free Demat Account, Discount On Brokerage Charges, Flexible Brokerage Plans, Holiday Offers and Referral Offers.

However, they do not extend any kind of support for free trading account, trading happy hours, one month of free brokerage or charge zero brokerage for loss making trades.

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How to Open a Demat Account with Narayan Securities?

Opening an NARAYAN Securities Demat and Trading account is as easy as a child’s game. This is all you need to do:-

1. Click on the green button below that states ‘Open Demat Account’.
2. Read the entire form thoroughly.
3. Fill the all the mandatory information within the form correctly.
4. Upload a few documents in order to complete your KYC procedure.
5. You must have Aadhar Card, PAN Card, Age Proof, Identity Proof, Address Proof and one photograph for completing this procedure.
6. You will be contacted up on by an authorized person as soon as you are done completing all these steps for the final verification.
7. Once final verification is over, you will receive your client id & password for trading purposes.

Why Open Narayan Securities Trading Account?

In order to be able to trade freely across several equity and derivatives, it is must to have a Demat or a Trading Account. However, there are two more solid reasons for you to join in Narayan Securities as a trader:-

1. They are one of the oldest trading firms in the Indian sub-continent, which also makes them one of the most trusted.
2. They have lived up to their reputation in the past thirty years with great services.

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Narayan Securities Products & Services:

Here are the list of Products & Services provided by Narayan Securities-

Products Offered by Narayan Securities:

As you can clearly assume from the above mentioned chart, Narayan Securities’ roster of products includes Equity Trading, Commodity Trading, Currency Trading, Options, Futures Trading and Insurances.

However, they do not offer any support or service in terms of Mutual Funds, Forex, Banking or SIP.

Narayan Securities Service Offerings:

The above mentioned chart is meant to give you a clear picture of the kind of services Narayan Securities extend for their respective traders.

The list includes Demat related services, Trading related services, Intraday Services and IPO services with a trading exposure of up to five times.

However they do not consider providing any service in terms of 3 in 1 account, Stock Recommendations, Robo Advisory, PMS or Trading Institution.

Narayan Securities Research, Advisory and Stock Tips

You can clearly conclude up on seeing the above mentioned table that Narayan Securities research & advisory roster includes Fundamental Reports, Research Reports, Free Stock Tips, Top Picks, Daily Market Review, Monthly Reports, Weekly Reports, Offline Advisory as well as Relationship Manager.

However, they do not have any kind of provision for Company Reports, Annual Reports, Company Stock Overview or IPO Reports.

Narayan Securities Exposure or Leverage

As per the above enlisted chart Narayan Securities provide up to two time the exposure on Equity Delivery Trading, Equity Futures Trading, Currency Futures Trading and Commodities Trading.

Other than that is provides up to five times the exposure on Equity Intraday Trading and Equity Options Trading and up to three times the exposure on Currency Options Trading.

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Narayan Securities Trading Platforms

Here are the thorough details on various trading platforms offered by Narayan Securities to its consumers.

All the platforms have been established in-house and always get progressed on an unremitting basis.

Being one of the oldest in the business of equity and derivatives trading industry has not led Narayan Securities to get overwhelmed with the conventional methods of trading.

In fact they have made sure to be present in as many remote trading platforms as possible. Some of which are:-

Narayan Securitis Trading Terminal:

NARAYAN Securities rely on the NSE based terminal trading software NEST for in-desktop based trading requirements of their traders.

NEST is well known for being one of the most stable trading platform available for Indian trading industry. Furthermore, being developed on a Dot Net Framework the software is compatible with Windows 7, 8 and 10 respectively, thereby making it easily accessible.

It enables the traders to:-

• Run and execute a huge list of real time data and export it to Excel for further analysis.
• Add multiple watch lists alongside the option to add even more trading items to the same list.
• Distribute different market watch lists in accordance to various to groups and segregate the overall monitoring process.
• Take care of many critical technical and fundamental analyses with the help of the integrated charting functionality of the software.
• Summon the ‘Net Positions’ window and take a snippet of any trader’s market position across different indices and exchanges at the same time.

Narayan Securities Web Browser Platform:

Narayan also uses NOW to help their traders get a hassle free and satisfactory experience for browser based trading.

It consist of almost all the basic features as exhibited by a traditional non-browser based trading platform and also comes with a few perks of its own such as customizable and easy to use interface, customizable market watch functionality, positions watch, market mover trends and interactive charts.

Narayan Securities Customer Care

NARAYAN securities is spread out throughout the country with a wide network of 480 branches that provide support in terms of a dedicated dealer, offline and online trading and email support.

Narayan Securities Complaints and Feedback

Find the list of complaint against Narayan Securities

The percentage of the number of complaints received against the number of active clients for Narayan Securities stood only at 0.11 last year with the total number of complaints against them in the BSE being zero and that in the NSE being only one.

Narayan Securities Advantages and Disadvantages:

Below mentioned is the list of cons of Narayan Securities:

Cons Of Narayan Securities

Discuss some of the worries if you make use of this full-service trader for your stock market trading:

The following are the only disadvantages with Narayan Securities that one needs to consider:-

• Their website often crashes which leads to serious problems for the traders who prefer online trading.
• They do not offer any free AMC for Demat or Trading Accounts and also require their traders to maintain a minimum Margin Money of Rs. 10,000.

Narayan Securities Conclusion

NARAYAN Securities has been actively providing services related to Demat and Trading for the past eighteen years and have been well acclaimed by the traders throughout the nation.

So, if you belong to a comparatively smaller town or city of India and still want to try out your hand in Trading, NARAYAN can be a good and a cost effective choice for you.

Nonetheless, do not expect to receive any personalized advantages or tips.

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