Navia Markets came into existence in the year 1983 as an Investment Services provider. Nonetheless, the firm has since, grown well to become a Full Service Brokerage.
This article is meant to rate and review Navia Markets’ products, services, brokerage charges, other relative charges, permanent or occasional offers and of course the usability and efficiency of their platforms.
Navia Markets Customer Ratings & Review
|Products & Services||3.4/5|
|Brokerage Charges & Fees||3.1/5|
|Stock Research & Advisory||3.3/5|
|Total Client Reviews||198|
About Navia Markets
|Broker Type||Full Service Broker|
|Founder||Hozefa Sirajbhoy Khorakiwala|
Navia was founded by Mr. Hozefa Sirajbhoy Khorakiwala in the year 1983 in Chennai, Tamil Nadu as merely an investment services provider.
However, the company evolved into a full service brokerage firm by entering into the Indian trading industry by registering within NSE in the year 1995 followed by their registrations within MCX and BSE in the years 2009 and 2010 respectively.
The firm has also registered as a depository participant with NSDl and CDSL in the years 1997 and 2018 respectively.
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Navia Markets Brokerage Charges
|Equity Delivery Trading||0.28%|
|Equity Intraday Trading||0.03%|
|Commodity Options Trading||NA|
|Equity Futures Trading||0.03%|
|Equity Options Trading||Rs.28 per Lot|
|Currency Futures Trading||0.03%|
|Currency Options Trading||Rs.18 per Lot|
|Minimum Brokerage||Percentage of Transaction|
|Demat AMC Charges||Rs.300 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Brokerage Calculator||Navia Markets Brokerage Calculator|
The above mentioned chart tabulates a brief description of all the charges imposed up on the registered traders by Navia Markets.
The chart enlists a charge of 0.28 % on Equity Delivery Trading, a charge of 0.03 % on Equity Intraday Trading, Equity Futures Trading and Currency Futures Trading respectively.
A charge of Rs. 28 per lot on Equity Options Trading, a charge of Rs. 18 per lot on Currency Options Trading and a charge of Rs. 300 per annum for the maintenance of Demat Account.
Nonetheless, they do not require their registered traders to maintain any sort of Margin Money whatsoever.
Navia Markets Other Charges
|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 you can see within the above mentioned table of descriptions, Navia Markets also imposes some charges apart from that of their respective brokerage charge in the form of various taxes.
The list includes 0.00300 % of the total transaction as Transaction Charges, 0.0126 % of the total turnover value as STT, 0.0002 % of the total turnover as SEBI Turnover Charges and 18 % GST on the sum of the brokerage and transaction charges.
They also charge a certain amount for the sake of Stamp Duty that varies in accordance to state boundaries.
Find Brokerage Charges of other Full Service Brokers –
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|Ventura Securities||Marwadi Group||Aditya Birla Money||Motilal Oswal|
Navia Markets Demat Account Opening Fees
|Depository Source||CDSL & NSDL|
|Account Opening Charges||Free|
|Demat AMC Charges||Rs.300 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Zero Margin|
|Offline to Online||Yes|
Being a full service brokerage firm and an extensive conciliator, Navi Markets always welcomes anyone from India and abroad to join in as a trader within the Indian trading industry along with them.
In fact, they do not even charge a single penny for letting anyone to be part of their firm. Nevertheless, you must be willing to pay a fee of Rs. 300 per annum as annual maintenance charge for having a Demat Account.
Navia Markets Offers
|Free Demat Account||Yes|
|Free Trading Account||Yes|
|Discount on Brokerage||No|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
As you can see from the table mentioned above, Navia Markets provides extensive offers on terms of Free Demat Accounts, Free Trading Accounts, Flexible Brokerage Charges as well as Referral Offers.
Nevertheless, they do not consider of proving any offers related to Discount on brokerage Charges, Trading Happy Hours, One Month worth of Free Brokerage or Zero Brokerage Charges For Loss Making Trades.
How to Open a Demat Account with Navia Markets?
Already considering to get yourself registered as a trader with the Navia Markets? Here’s all you need to do:-
- Click on the green button below that states ‘Open Demat Account’.
- Go through every single word mentioned within the form that pops up with utmost care.
- Fill up all the relevant and mandatory columns within the form carefully and correctly.
- Upload all the relevant documents required for the KYC procedure.
- The documents needed for completing the KYC Procedure are Aadhar Card, PAN Card, Age Proof, Identity Proof, Address Proof and one photograph.
- Once you upload all the documents on to the website, a concerned authority on behalf of Navia will contact you for further verification.
- You will be granted access to freely operate your account once you get past the final verification.
Why Open Navia Markets Trading Account?
In India, you are most definitely not allowed to trade within the Indian trade markets without owning a Demat or Trading Account. Nevertheless, there are some more convincing reasons for you to consider registering yourself as a trader with Navia Markets:-
- They only charge 0.01 % on Equity Intraday Trades and delivery is 0%.
- With them, the monthly Fee is refundable to the next month if no trade is performed in that particular month.
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Navia Markets Products & Services
Here are the list of Products & Services provided by Navia Markets-
Products Offered by Navia Markets:
The above mentioned chart is a clear description for all of Navia Markets’ products. The list is inclusive of Equity Trading, Currency Trading, Futures Trading, Options Trading, Mutual Funds, Systematic Investment Plans and Insurance.
Nevertheless, they do not have any products related to Commodity trading, Banking or Forex.
Navia Markets Service Offerings:
|3 in 1 Acount||No|
|Trading Exposure||Upto 5X|
It can be easily stated from observing the aforementioned chart that Navia Markets’ list of services constitute of Demat Services, Trading Services, Intraday Services and IPO Services with up to five times the trading exposure.
However, they do not seem to extend any kind of support or services related to 3 in 1 Account, Stock Recommendations, Robo Advisory, PMS or Trade Institution.
Check Products & Services offered by other Stock Brokers –
|Angel Broking||HDFC Securities||Indiabulls Ventures||Just Trade|
|IDBI Direct||GCL Securities||Arihant Capital||Religare Securities|
Navia Markets Research, Advisory and Stock Tips
|Company Stock Review||No|
|Free Stock Tips||Yes|
|Daily Market Review||No|
Now, this is a part where Navia Markets has continually failed to impress their traders or supporters for that matter.
As you can clearly see, they only provide support in terms of Research Reports, Top Picks, Free Stock Tips, IPO Reports, Offline Advisory and a Relationship Manager.
Nevertheless, they do not provide any support related to Fundamental Reports, Annual Reports, Company Reports, Company Stock Overview, Daily Market Review, Monthly Reports or Weekly Reports.
Navia Markets Exposure or Leverage
|Equity Delivery||Upto 3X|
|Equity Intraday||Upto 5X|
|Equity Futures||Upto 1X|
|Equity Options||Upto 5X|
|Currency Futures||Upto 3X|
|Currency Options||Upto 3X|
|Margin Calculator||Navia Markets Margin Calculator|
The aforementioned table lays down a brief description on the kind of leverage and exposure that can be expected from Navia Markets.
The list includes an exposure of up to three times on Equity Delivery Trading, Currency Futures Trading and Currency Options Trading, up to five times of exposure on Equity Intraday Trading and Equity Options Trading and up to two times the exposure on Commodities Trading.
However, the company does not provide any added exposure on Equity Futures trading.
Navia Markets Trading Platforms
Navia Markets has quite slowly but definitely evolved in to a full service brokerage firm. As a matter of fact their journey of complete metamorphosis can be traced down to an overall thirty five years.
In the meantime, they have learned quite a lot about modification and digitization of trading based platforms to come up with some of the most beloved remote trading platforms:-
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||No|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||No|
|Android App Platform||No|
|iOS App Platform||No|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||No|
Navia Markets Trading Terminal:
Navia has developed a hoe grown desktop based remote trading platform that enables the traders to trade with the help of their personal computers without having to go into any of the branches of Navi.
The platform is named Infini Power and is available in a .EXE format for Navia’s registered traders and come with the following features:-
- Best in class UI design that is easy to understand and interact with.
- The ability to effectively combine fundamental as well as technical information so as to provide the traders with more relevant and useful insights.
- Multiple exchange integration including NSE, BSE and MCX.
- The ability to showcase world market data, commodities market data, business related news and other important in a flash.
- Customizable work space with more than ten pre-defined work space settings in accordance to the needs and requirements of the users.
- Ability to enable the users to their own trading strategies through Excel integrated watch lists.
- Individual and group watch lists with over thirty pre-defined indices and twenty pre-defined sectors.
Navia Markets Web Trading Platform
Navia uses Infini Web, which is a HTML built web based remote trading platform that looks and feels a lot like it’s desktop based version.
This web app comes loaded with the same features as that of Infini Power with a few perks of its own, such as:-
- On screen trading and analytics dash board.
- Full list of Futures and Options chain.
- Showcase the common watch lists being used on EXE, web and mobile based platforms.
- Ability to showcase real time scrip stats.
- Supports advanced analysis through live market scanners and EOD technical reports.
Navia Markets Mobile Trading App:
Navia Markets have come up with yet another remote trading platform solution in the form of Tradeplus Mobile.
Tradeplus is a mobile app based remote trading platform that has been developed for both Android as well as iOS platforms.
This platform combines all the features of Navia’s in-desktop, desktop browser and mobile browser based platforms with a user friendly interface to provide a brilliant trading experience.
Navia Markets Customer Care
|Toll Free Number||No|
As you can very clearly see from the above mentioned chart that Navia Markets customer care support is spread out across the country with over two hundred branches and consists of only a dedicated dealer, online trading support, offline trading support and email support.
They do not provide any support related to 24 * 7 support, chat support or even a toll free number.
Navia Markets Complaints and Feedback
Find the list of complaint against Navia Markets:
|Lodged in BSE||2|
|Resolved in BSE||2|
|Lodged in NSE||6|
|Resolved in NSE||6|
|Percentage of No. of Complaints Received Against Number of Active Clients||0.01|
The last year was in fact quite rough for Navia as they encountered two complaints against them in the BSE and six in the NSE.
Nonetheless, all the complaints were resolved with immediacy, making the percentage of the total number of complaints received against Navia to the total number of their active client only 0.01 %.
Navia Markets Advantages and Disadvantages:
Navia Markets, as a full service brokerage firm has got still a lot to learn:-
- It has received a lot more complaints against it as compared to its counterparts.
- It still do not offer any toll free number after all these years
Navia Markets Conclusion
Navia Markets has come a long way from where they started.
However, there is a lot more to be learned by them in terms of proactive customer care support to be able to overcome their competitors in the market who have been thriving for well over decades if not more.
Check detailed review of similar full service brokers:
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|Axis Direct||SMC Global||GEPL Capital||SBI Cap Securities|
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