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Narnolia Financial Advisors is an Indian financial trading firm that initiated its trading support based activities almost two decades back.

In this article, we will be focusing on dissecting their efficiency on the basis of their product, services, offered discounts, brokerage charges, other relevant charges and the overall efficiency of all the trading platforms they have to offer.

Narnolia offers


Narnolia Securities Ratings & Review by Top10StockBroker

Experience 2.5/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 2.6/5
Trading Platforms 2.4/5
Overall Ratings 2.7/5
Star Ratings ★★★☆☆

 


About Narnolia Securities

Company Type Public
Broker Type Full Service Broker
Headquarters Kolkata
Founder Krishnanand Narnolia
Established Year 1997

Narnolia Narnolia Financial Advisors was brought into existence in the year 1997 its founder Mr. Krishnanand Narnolia.

The firm has its headquarters in the city of joy Kolkata, West Bengal and operates as a full service brokerage firm within the NSE and the BSE across several of their equity and derivative trading domains.

The company boasts on its ideals to educate its traders with the proper knowledge of stocks and trades, even at the cost of its business.


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    Narnolia Securities Brokerage Charges

    Equity Delivery Trading 0.1% – 0.2%
    Equity Intraday Trading 0.01% – 0.02%
    Commodity Options Trading 0.01% – 0.02%
    Equity Futures Trading 0.01% – 0.02%
    Equity Options Trading Rs.10 – Rs.20 per Lot
    Currency Futures Trading 0.01% – 0.02%
    Currency Options Trading Rs.10 – Rs.20 per Lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Free
    Trading AMC Charges Rs.250 per Annum
    Margin Money Minimum Rs.3,000
    Brokerage Calculator Narnolia Brokerage Calculator

    The aforementioned chart gives a detailed view of sorts of brokerage fee as charged by Narnolia.

    The chart includes 0.1 – 0.2% charge on Equity Delivery Trading, 0.01 – 0.02 % on Equity Intraday Trading, Commodity Options Trading, Equity Futures Trading and Currency Futures Trading.

    The company also charges a sum of Rs. 10 – Rs. 20 on Currency Options Trading and Equity Options Trading apart from a sum of Rs. 250 per annum in terms of annual maintenance charge for Trading Account and a minimum of Rs. 3,000 in terms of Margin Money.


    Narnolia Securities Other Charges

    Transaction Charges 0.00325%
    STT 0.0126% of Total Turnover
    SEBI Turnover Charges 0.0002% of Total Turnover
    Stamp Duty Depends on State (very minimal)
    GST 18% of (Brokerage + Transaction Charges)

    As can be clearly assumed from the above mentioned chart that Narmolia, as a firm imposes a charge of 0.00325 % as Transaction Charges, 0.0126 % of the total turnover as STT, 0.0002 % of the total turnover as the SEBI Turnover Charges.

    18 % on the total brokerage as well as transaction charges as GST and a minimal but variable Stamp Duty as per the State guidance.


    Find Brokerage Charges of other Full Service Brokers – 

    Narnolia Securities Demat Account Opening Fees

    Depository Source CDSL & NSDL
    Account Opening Charges Rs.300
    Demat AMC Charges Free
    Trading AMC Charges Rs.250 per Annum
    Margin Money Minimum Rs.3,000
    Offline to Online Yes

    The aforementioned table constitutes of the list of all the required account opening charges that includes a sum of Rs. 300 as Account Opening Charge and Rs. 250 per annum as the annual maintenance charge for Trading Account.

    Apart from the minimum required Margin Money limit of Rs. 3,000.


    Narnolia Securities Offers

    Free Demat Account Yes
    Free Trading Account No
    Discount on Brokerage Yes
    Trading Happy Hours No
    Flexible Brokerage Plans Yes
    1 Month Brokerage Free No
    Holiday Offers Yes
    Referral Offers No
    Zero Brokerage for Loss Making Trades No

    As you can clearly see within the above table, Narnolia Financial Advisors extends many offers for its traders including a Free Demat Account, Discount on Brokerage Charges, Flexible Brokerage Plans and Holiday Offers.

    Nevertheless, it does not offer anything related to a Free Trading Account, Trading happy Hours, 1 Month of Free Brokerage, Referral Offers or Zero Brokerage for Loss Making Trades.


    How to Open a Demat Account with Narnolia Securities?

    Registering for a Demat and Trading account with Narnolia Financial Advisors is very easy. All you will have to do is:-

    1. Click on the green button below that states ‘Open Demat Account’.
    2. Read the form that opens up next with extreme care.
    3. Fill up all the required details as mentioned within the form.
    4. Complete your KYC procedure by uploading the required documents that include your Aadhar Card, PAN Card, Age Proof, Identity Proof, Address Proof and one photograph.
    5. Complete the final verification procedure, wherein an authorized person on behalf of the firm will contact you.
    6. Access your account in a matter of a few hours post all the above procedure conclusion.

    Why Open Narnolia Securities Trading Account?

    Apart from the fact that you cannot trade at least within the Indian judiciary without having a Demat or a Trading Account, there are a few more reasons why you should trade as trader under Narnolia:-

    1. They happen to have an extremely supportive customer care.
    2. Their service list corresponding to research and advisory is very impressive.

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      Narnolia Securities Products & Services:

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

      Products Offered by Narnolia Securities:

      Equity Trading Yes
      Commodity Trading Yes
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds Yes
      Forex No
      Banking No
      SIP Yes
      Insurance Yes

      It can be very well spectated from the above chart that Narnolia’s product list concludes of Equity Trading, Commodity Trading, Currency Trading, Options Trading, Futures Trading, Mutual Funds, Systematic Investment

      Plans as well as Insurances excluding only Forex Trading and Banking related services.

      Narnolia Securities Service Offerings:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Acount No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations Yes
      Robo Advisory No
      PMS Yes
      Trading Institution Yes
      Trading Exposure Upto 10X

      Narnolia Financial Advisors’ service list is conclusive of Demat Services, Trading Services, Intraday Services, IPO Services, Stock Recommendations, PMS Services and Trading Institution alongside an overall Trading Exposure of up to ten times.

      However, its services does not include 3 in 1 Account or Robo Advisory.


      Check Products & Services offered by other Stock Brokers –

      Narnolia Securities Research, Advisory and Stock Tips

      Fundamental Reports Yes
      Research Reports Yes
      Company Reports Yes
      Annual Reports Yes
      Company Stock Review Yes
      Free Stock Tips Yes
      IPO Reports Yes
      Top Picks Yes
      Daily Market Review No
      Monthly Reports No
      Weekly Reports No
      Offline Advisory Yes
      Relationship Manager Yes

      Narnolia Financial Advisors’ research and advisory list is along one including Fundamental Reports, Research Reports,  Company Reports, Annual Reports, Company Stock Overview.

      Along with these, they also provide research materials like Free Stock Tips, IPO Reports, Top Picks, Offline Advisory and a Relationship Manager excluding only Daily Market Review, Monthly Reports and Weekly Reports.


      Narnolia Securities Exposure or Leverage

      Equity Delivery Upto 2X
      Equity Intraday Upto 10X
      Equity Futures Upto 3X
      Equity Options Upto 5X
      Currency Futures Upto 2X
      Currency Options Upto 2X
      Commodities Upto 5X
      Margin Calculator Narnolia Margin Calculator

      It can be clearly stated by looking at the table above that Narnolia Financial Advisors offers a rather huge exposure in the field of trading including up to two times exposure on Equity Deliver Trading, Currency Futures Trading and Currency Options Trading.

      Other than this, they provide up to ten times exposure on Equity Intraday Trading, up to three times exposure on Equity Futures Trading and up to five times exposure on Equity Options and Commodities Trading.


      Check Margin or Exposure of other stock brokers


      Narnolia Securities Trading Platforms

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

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

      Desktop Platform – Windows Yes
      Desktop Platform – Mac Yes
      Desktop Browser Platform Yes
      Mobile Site Platform No
      Android App Platform Yes
      iOS App Platform Yes
      Windows App Platform No
      Other Mobile OS Platform No
      Real time Updates Yes
      Portfolio Details Yes
      Online MF Buy Yes
      News Flash Yes
      Research Reports Yes
      Easy Installation Yes
      Global Indices Yes
      Stock Tips Yes
      Personalized Advisory No
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts Yes
      Email Alerts Yes
      Multi Account Management No

      The broking house built up quite an impressive roster of remotely operable trading platforms for its registered traders that includes:-

      Narnolia Securities Trading Terminal:

      Narnolia has developed an in-house software by the name of Tejas EXE. Tejas EXE has primarily been developed on Linux for desktop based trading operations and is very well compatible with Windows 7, Windows 8 and Windows 10 respectively. It comes loaded with the following features:-

      • A brilliantly developed user friendly interface.
      • The ability to perform under optimized bandwidth consumption of as low as 40 kbps.
      • Integrated best in-in-class industry based Live Broadcast with socket technology.
      • Default integration with NSE, BSE and MCX Exchange.
      • Default integration with Narnolia’s advanced Research and Advisory.
      • Integrated FNA strategy based analytical tool along with a number of other market scanners.

      Narnolia Securities Desktop Browser Platform:

      Narnolia has also developed Tejas-i for web based trading activities. It is a web version for the Tejas EXE that comes loaded with the exact same features of Tejas exe.

      Alongside the ability to showcase market overview through proper and advanced heat maps. It has also been secured using 256 bit encryption.

      Narnolia Securities Mobile Trading App:

      Narnolia Financial Advisors are among the only few Demat and Trading Services providing firms in India that provides an app for both Android and IOs based platforms to its registered traders.

      They use the Narnolia – Online Share / Stock Trading App with the following features:-

      • Ability to act as a 2 in 1 app to caters to all the trading requirements of the respective traders.
      • Ability to enable the users to login as client or guest and still be accessible for advanced equity research and advisory.
      • Integrated Technofunda analytics that comes loaded with the Fundamental, Quant, Technical, and Derivative Analytical features.
      • Ability to provide specific stock related advisory to the traders.

      Narnolia Securities Customer Care

      Dedicated Dealer Yes
      Offline Trading Yes
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll Free Number No
      Branches 380

      Narnolia Financial Advisors have a network of three hundred active branches across the nation that serve Dedicated Dealers, Offline and Online Trading Facilities and Email Support.

      However, they still do not have a Toll Free Number, 24 * 7 Support System or Chat Support.


      Narnolia Securities Complaints and Feedback

      Find the list of complaint against Narnolia Securities:

      Lodged in BSE 1
      Resolved in BSE 1
      Lodged in NSE 4
      Resolved in NSE 4
      Percentage of No. of Complaints Received Against Number of Active Clients 0.04

      The percentage of complaints raised against the total number of active clients for Narnolia Financial Advisors is indeed very low with only 0.04 %.

      However, it cannot be ignore that they were one of the few trading firms to receive a complaint with the BSE.


      Narnolia Securities Advantages and Disadvantages:

      Below mentioned is the list of pros and cons of Narnolia Securities:

      Cons Of Narnolia Securities

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

      Narnolia Financial Advisors has been active for the past twenty two years. However, there are a few things that must be kept in mind before joining them as a trader:-

      • They were one of the few companies to receive a complaint against themselves within the BSE in the past year.
      • They still lack any provision for a 24 * 7 customer care support system.

      Narnolia Securities Conclusion

      Narnolia Financial Advisors have lived up to their reputation for well over two decades and are consistently developing themselves for the sake of providing better services and support to their registered traders.

      Nevertheless, they still have a few flaws as a company that cannot be ignored.


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