About Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securitie... 
About Monarch Networth
Incorporated in 1993, Monarch Networth Capital Limited (MNCL) is a full-service broker that offers a cost-effective fee structure and multiple product offerings.
The company is an accredited stock broker with BSE, NSDL, MCX, NCDEX, NMCE & DGCX and uses NSDL and CDSL for custodial services. It is also registered with AMFI for mutual fund distribution.
Monarch Networth Capital Key Offerings
P...
Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 branches across India. Incorporated in 1993, Monarch Networth is a Full Service Broker. It offers trading at BSE, NSE, MCX & NCDEX. It has 71 branches across India.
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX & NCDEX |
| Year of Incorporation | 1994 | 1993 |
| Number of Branches | 800 | 71 |
Aditya Birla Money trading account opening charges is Rs 750 while Monarch Networth account opening changes is Rs 0 (Free). Aditya Birla Money Demat Account AMC Charges is Rs 436 and Monarch Networth Demat Account AMC Charges is Rs 350 PA.
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Trading Account Opening Charges | Rs 750 | Rs 0 (Free) |
| Trading Account AMC Charges | Nil | Rs 0 (Free) |
| Demat Account Opening Charges | Nil | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 436 | Rs 350 PA |
Aditya Birla Money brokerage charges for equity is 20 and intraday is 20 whereas Monarch Networth brokerage charges for equity is 0.15% and intraday is 0.01%.
| Account Type | Aditya Birla Money Trade20 | Monarch Networth General Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 20 | 0.15% |
| Equity Intraday | 20 | 0.01% |
| Equity Futures | 20 | Rs 15 per lot |
| Equity Options | 20 | Rs 15 per lot |
| Currency Futures | 20 | 0.01% |
| Currency Options | 20 | Rs 15 per lot |
| Commodity Futures | 0.01% | |
| Commodity Options | Rs 15 per lot | |
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Account Type | Trade15 (Subscription Rs 999) | General Plan |
| Fixed Charges | ||
| Equity Delivery | 15 | 0.15% |
| Equity Intraday | 15 | 0.01% |
| Equity Futures | 15 | Rs 15 per lot |
| Equity Options | 15 | Rs 15 per lot |
| Currency Futures | 15 | 0.01% |
| Currency Options | 15 | Rs 15 per lot |
| Commodity Futures | 0.01% | |
| Commodity Options | Rs 15 per lot | |
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Account Type | Trade10 (Subscription Rs 2499) | General Plan |
| Fixed Charges | ||
| Equity Delivery | 10 | 0.15% |
| Equity Intraday | 10 | 0.01% |
| Equity Futures | 10 | Rs 15 per lot |
| Equity Options | 10 | Rs 15 per lot |
| Currency Futures | 10 | 0.01% |
| Currency Options | 10 | Rs 15 per lot |
| Commodity Futures | 0.01% | |
| Commodity Options | Rs 15 per lot | |
| Minimum Brokerage | Rs 20 per executed order | Rs 15 per lot |
| Other Charges | ||
| Call & Trade Charges | Nil | |
Aditya Birla Money margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Monarch Networth margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
The trading platforms offered Aditya Birla Money include Etrade, Advanced web, Mobile invest. Monarch Networth offers trading software.
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading | |  |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Etrade, Advanced web, Mobile invest | |
| Intraday Square-off Time | 3:15 | 3:20 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Insurance and Pension scheme available | |
Aditya Birla Money is rated of 5 based on 30 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
30 Customer Reviews  | 0 Customer Reviews | |
| Fees |  |  |
| Brokerage | | |
| Trading Platform |  | |
| Customer Service |  | |
| Research Capabilities |  | |
| Overall Rating |  | |
| Broker Rating | Aditya Birla Money is Rated 3.0 / 5 based on 30 customer reviews | Monarch Networth is Rated / 5 based on 0 customer reviews |
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Aditya Birla Money | Monarch Networth | |
|---|---|---|
| Pros |
| FREE account opening! Open an Instant Account & start investing with minimum brokerage along with benefit of research. |
| Cons |
| Free Account Opening
This is a limited time offer. Open an instant account online and start trading today. |
| Reviews | ||
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
Expand all