NJ Wealth Review, Brokerage Charges, Demat Account & more

Nj Wealth Pvt. Ltd. is one of India’s oldest financial service providers with a vast network of operations. It is a full-service stock broking house with its headquarters in Surat, Gujarat.

The broking house motto is empowerment for the common man through wealth generation. So its program is designed on these lines; by opening branches in different parts of India through the partnership model of business.

An in-depth NJ Wealth review is done through this article to make the customer more aware of the financial deal they are going to get into with this company.


NJ Wealth Customer Ratings & Review

Experience 3.4/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 3.2/5
Trading Platforms 3.4/5
Overall Ratings 3.3/5
Star Ratings ★★★☆☆
Total Client Reviews 219

 


About NJ Wealth

Company Type Private
Broker Type Full Service Broker
Headquarters Surat, Gujarat
Founder Niraj Ravindra Choksi
Established Year 2000

NJ India Nj Wealth is a private limited company with a business module of expansion through branches in different cities of India.

Niraj Ravindra Chowksi founded it in 2000. Started under the flagship banner of Nj Group a big business conglomerate with diverse business interests and one of them is Nj Wealth.

It is a fully operating stockbroking firm dealing with financial products and services and investments.

Nj Wealth is a customized platform which is into managing the investment portfolio of individual clients and companies as well. It has been bifurcated into 2 parts:

  • Nj funds client advisory division in which full support is given to the client in making a choice of financial products and services.
  • Nj wealth advisors – It provides a wide range of portfolio management services in stocks and mutual funds. Its repertoire of services includes investment strategies like mutual funds and equities, ETF’s, fixed deposits, PMS products, government bonds, infrastructure bonds, and approved securities.

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NJ Wealth 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 NJ Wealth Brokerage Calculator

Demat AMC charges are free of cost, but the trading AMC charges are Rs.250 per annum.

The cost of opening a demat account is Rs.300, and minimum margin money of Rs.3000 has to be maintained throughout.


NJ Wealth 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)

The charges other than this is levied on each transaction. 0.00325% is the transaction cost of every deal, STT charges are 0.0126% of total turnover, SEBI turnover charges 0.0002% of total turnover.

GST charges are 18% ( of transaction and brokerage charges) and the charges on STAMP Duty varies from each state to state.


Find Brokerage Charges of other Full Service Brokers – 

Kotak Securities ICICI Direct Sharekhan India Infoline (IIFL)
Ventura Securities Marwadi Group Aditya Birla Money Motilal Oswal

NJ Wealth 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 depository accounts of Nj Wealth is NSDL and CDSL. The client has the option of choosing any one of them to his liking to deposit his money.

Nj Wealth demat AMC charges are free of cost while trading AMC charges are Rs.250 per annum.

Account opening charges are Rs.300 (as mentioned above) and a minimum balance of Rs.3000 has to be maintained at all times.


NJ Wealth Offers

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

There are various deals and offers extended to the clients to attract them. Some of them are:

  • The flexible brokerage plan is one of their strongest highlights
  • Demat AMC charges is totally free
  • The offline to online platform schemes is a big attraction point
  • The margin money to be maintained is also very less compared to other firms.

How to Open a Demat Account with NJ Wealth?

Opening a demat account in this company has very few formalities such as:

  • Fill up the form by clicking on green “Open Demat Account” button below.
  • Aadhar card, Pan card, Identity proof, Documents of address proof and Passport size photo is generally needed for the registration
  • After all these formalities are completed, the form has to be duly submitted, and verification of identity is done by the local agent of the particular city
  • After the verification process is accepted demat account becomes active, and the client can start trading.

Why Open NJ Wealth Trading Account?

Stock market trading is very risky, and customers are not that well informed. Expert guidance is required to teach clients to make the right decision.

The company has technical experts and market analysts who are well versed in the technicalities of the market. So it is always advisable to go with the experts instead of doing it all alone.

If the right moves are made the gains are pretty high but if the decision made falls wrong you can also incur huge losses.

Following are the few reasons to trade with NJ Wealth:

  • Nj Wealth has a huge offline presence in the country. So local agents are physically present to answer your queries and try to take you out of any critical situation because of their experience.
  • It is an old brokerage house, so it has its own weightage and goodwill
  • It is reliable and trustworthy
  • Online platform is also active and easy to access

These are some of the pros of the company which makes the company very approachable and easy to handle.


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NJ Wealth Products & Services:

Here are the list of Products & Services provided by the broking house –

Products Offered by NJ Wealth:

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

There are various products offered under its banner. Some of them are Equity Trading, Commodity Trading, Currency Trading, Options and Futures, Mutual Funds, SIP, and so on.

NJ Wealth Service Offerings:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services No
Stock Recommendations Yes
Robo Advisory No
PMS Yes
Trading Institution No
Trading Exposure Upto 7X

It also offers services like Demat, Trading, Intraday services, Stock Tips, Daily Market Review, Monthly Reports, Offline Advisory and lot more.


Check Products & Services offered by other Stock Brokers –

Angel Broking HDFC Securities Indiabulls Ventures  Just Trade
IDBI Direct  GCL Securities Arihant Capital Religare Securities

NJ Wealth 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 Yes
Monthly Reports Yes
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

The company has a research team which has professionals who study the nitty-gritty of investments. The information is passed on to the clients which help them in taking the right decisions.

They have a database of reports and numbers. Some are listed below:

  • Fundamental Reports
  • Research Reports
  • Company Reports
  • Annual Review
  • Company Stock Review
  • Daily stock tips
  • IPO analysis
  • Monthly and weekly reports
  • Daily market review

The client company interaction is managed by the relationship manager which ensures that any doubts or grievances of the clients are dealt with efficiently


NJ Wealth Exposure or Leverage

Equity Delivery Upto 2X
Equity Intraday Upto 7X
Equity Futures Upto 4X
Equity Options Upto 5X
Currency Futures Upto 1X
Currency Options Upto 3X
Commodities Upto 3X
Margin Calculator NJ Wealth Margin Calculator

Product exposure differs from one product to another. Equity Intraday gets the maximum exposure up to 7x, Equity Options exposure is also quite high up to 5x.

Then comes Equity futures with an exposure of up to 4x. Leverage in Currency options is little less up to 3x and Commodities also has an exposure up to 3x.

The details mentioned in the table above is applicable.


NJ Wealth Trading Platforms

The company’s trading platforms are as follows:

Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform Yes
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

NJ Wealth Trading Terminal

The software is available for both Windows and Mac. It is a user-friendly software, easy to install as well as use.

Dynamic current rates and latest news and feed is available to make the right judgment.

NJ Wealth Mobile Trading App

App for Android, iOS, and windows is available for all the mobile users so that the stock market can be monitored from anywhere and one can take quick action as the dynamics keep changing in the real-time.


NJ Wealth 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 283

The customer care service is very interactive with sincere and dedicated dealers ready to help the client in any problem. Queries can be settled via Emails and electronic media.

There are 283 branches spread over various cities, and the relationship manager is always available.


NJ Wealth Complaints and Feedback

Find the list of complaint against NJ Wealth –

Lodged in BSE 0
Resolved in BSE 0
Lodged in NSE 7
Resolved in NSE 7
Percentage of No. of Complaints Received Against Number of Active Clients 0.33

The complaints against the company are very few. In BSE there were no complaints while in NSE complaints lodged were only 7 in number last year.

All the 7 grievances were resolved amicably, and a consensus was reached. The percentage of complaints received is 0.33% which is quite less.

Clients are mostly satisfied with the services provided by the company.


NJ Wealth Advantages and Disadvantages:

Below mentioned is the list of pros and cons of NJ Wealth:

  • The company has few trading products and services
  • The trading platforms are not up to the mark
  • The brokerage is a bit too high compared to industry standards
  • No holiday or referral offers

NJ Wealth Conclusion

The company has hands-on advisory support with relationship managers and offline physical help and customer care. Their daily stock picks and reviews are good which helps the client in striking a deal.

It is an established and old company with goodwill in the industry. They have a team of professional analysts and technical experts to help the client in every step.

The tipsy-choppy markets can be sailed through with the help of the company professionals.


Check detailed review of similar full service brokers:

Mangal Keshav  MasterTrust Networth Direct Reliance Securities
Axis Direct  SMC Global GEPL Capital  SBI Cap Securities

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