Networth Direct has been successfully providing premium financial services & information for more than a decade. Our aim has consistently been to empower investors to take charge of their financial future & help them grow their Networth.
Networth has always endeavored to make a difference in the financial services space. It constantly focuses on scaling & upgrading the technology infrastructure so as to provide the best services to the investors. We have a presence of around 350 centers across India.
Features.
- Managed by a talented team of around 800 professionals.
- Serving nearly 100,000 clients across the country.
- ISO 9001:2000 Certified Software Division.
- Winner of CNBC-TV18’s Financial Adviser Awards 2008 for Best Regional Level Financial Adviser.
- Proclaimed among the most read research analyst (Team Networth) by Thomson Reuters consistently over a period of time.
- A Charter member of Financial Planning Standards Board of India [FPSB].
- Alliance partners with PNB for online trading.
- Corporate Agents for MetLife India Insurance Co Ltd.
| Website. | www.networthdirect.com |
| Demat Account. | NSDL, CDSL. |
| Trading Exchanges. | NSE, BSE, MCX-SX, & MCX. |
| Broker Type. | Full-Service Broker. |
Table of contents
- Networth Direct Account Opening Fees.
- Networth Direct Account Brokerage.
- Networth Direct Account Margins or Leverage.
- Networth Direct Trading Platforms or Software.
- Networth Direct Some Useful Services.
- Networth Direct Useful Details.
- Client Info & NRI Account opining Regulations.
- Fund Transfers Service.
- Turnover & Other Charges.
- Support & Tools Available.
- Reports & Confirmation.
- Additional Features.
- Customer Care.
- Networth Direct Review & Ratings
- Sebi registration.
Networth Direct Account Opening Fees.
| Trading Account. | Rs.0. |
| Demat account. | Rs 150 |
| Commodity Account. | Rs.0. |
| Trading Annual maintenance charges (AMC). | NA. |
Networth Direct Account Brokerage.
| SEGMENT. | BROKERAGE. |
| Equity (Intraday). | 0.05% to 0.01% – Reduces based on Upfront. |
| Equity (Delivery). | 0.5% to 0.1% – Reduces based on Upfront. |
| Equity Futures. | 0.05% to 0.01% – Reduces based on Upfront Brokerage Scheme. |
| Equity Options. | Rs 100 to Rs 25/lot – Reduces based on Upfront Brokerage Scheme. |
| Currency Futures. | 0.03% to 0.01% – Reduces based on Upfront Brokerage Scheme. |
| Currency Options. | Rs 50 to Rs 20/lot – Reduces based on Upfront Brokerage Scheme. |
| Commodity. | 0.05% to 0.01% – Reduces based on Upfront Brokerage Scheme. |
Networth Direct Account Margins or Leverage.
| SEGMENT. | MARGINS. |
| Equity (Intraday). | Intraday upto 15 times. |
| Equity (Delivery). | 3 times for delivery @ Interest. |
| Equity Futures. | Upto 3 times for Intraday. |
| Equity Options. | No leverage for buying,Upto 3 times for Shorting Intraday. |
| Currency Futures. | Upto 2 times for Intraday. |
| Currency Options. | No Leverage. |
| Commodity. | Upto 3 times for Intraday. |
Networth Direct Trading Platforms or Software.
- e-transact (Website based trading):-This is the platform where our customers can trade online in various financial instruments. It is conveniently integrated with multiple payment gateways & our depository services to provide a seamless transaction capability.
- My Networth:-This provides access to your accounts & statements online & with 24X7 availability. You can view your portfolio across all assets & get a consolidated view.www.networthdirect.com is based on three pillars – pace, web-based & shortest.
Networth Direct Some Useful Services.
| Online Trade Reports. | YES. |
| Online PNL Reports. | YES. |
| Intraday Chart Facility. | 5 Days. |
| End of Day Chart Facility. | 5 Years. |
| 3 in 1 Account. | NO. |
| Instant Fund withdrawal. | NO. |
| Relationship Managers. | YES. |
Networth Direct Useful Details.
| Price (Broker Type). | Percentage Based. |
| Headquarters City (Head Office). | Mumbai (Maharashtra), New Delhi. |
| Total Branches (Presence). | 325+ Branches. |
| Research & Tips. | Yes Research Provided. |
| Total Experience in Broking. | 22 Years of experience. |
| Year of Incorporation. | 1994. |
Client Info & NRI Account opining Regulations.
| Current Active Client Base? | More Than 1,00,000. |
| NRI Account Opining Allowed Or Not. | YES, It is Allowed. |
Fund Transfers Service.
| Number of bank linked to account. | 2+ |
| Mode of payment (Withdraw &Deposit). | Online transfer, NEFT/RTGS, cheque. |
| Fund Payin processing time. | Instant by payment Gateway. |
| Fund Payout processed (Working Days). | 1 Day. |
Turnover & Other Charges.
| Equity (Cash & Delivery) Turnover charges. | 0.00325%of Turnover. |
| Equity Futures Turnover charges. | 0.0025%. |
| Equity Options Turnover charges. | 0.065% on premium. |
| Currency Futures Turnover charges. | 0.0025%. |
| Currency Options Turnover charges. | 0.065% on premium. |
| Commodities Turnover charges. | 0.003%. |
| Dial & Trade charges. | Rs.0. |
| DP Transaction charge. | Rs 25/per debit transaction. |
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- lowest Brokerage
- Highest Margin Across All Segments
- Great Customer Care Support
- Fast Trading Platform
Support & Tools Available.
| Brokerage calculator. | Not Available. |
| Margin Calculator. | Not Available. |
| Bracket orders & Trailing stoploss. | Not Available. |
| Cover order. | Not Available. |
| User guide & remote end support. | YES. |
Reports & Confirmation.
| Contract notes on Email. | Yes (Register Email ID). |
| Contract notes online. | Yes (Register Email ID). |
| Periodical statement on Email. | Yes (Register Email ID). |
| Trade confirmation on Email. | Yes (Register Email ID). |
| Trade confirmation on SMS. | Yes (Register Email ID). |
Additional Features.
| Charting (Intraday & EOD). | YES. |
| Coding or Backtesting (Algo Trading). | Not Available. |
| Referral program (Affiliate). | Not Available. |
| Training & Education. | Not Available. |
| Online trading community. | YES. |
Customer Care.
| Contact Details. | Registered & Head Office. Networth Stock Broking Ltd. Office no:1001/2,10th Floor, Atlanta Centre,Opp. Udyog Bhavan,Sonawala Road, Goregaon(East),Mumbai – 400063 Maharashtra. Phone Nos. : 022 – 30641600. |
| Call. | Customer Care. 1800 22 0223(Toll Free) : 022-30641700. Call & Trade (Toll Free) :1800 3000 0333. SMS : NETWORTH to 56161. |
| Email. | reachus@networthdirect.com |
| Complaints Or Grievances. | complianceofficer@networthdirect.com |
Networth Direct Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Networth Direct.
| Summary | Ratings |
|---|---|
| Customer Experience | 3.5 / 5 |
| Trading Platform / Mobile APP | 4 / 5 |
| Services | 4 / 5 |
| Brokerage Charges | 5 / 5 |
| Fund Add / Withdrawal | 4.5 / 5 |
| Overall Rating | 4 / 5 |
| Star Rating | ★★★★ |
| Review Counts | 324 |
Sebi registration.
| NSE CM, FO & CD Segment SEBI Regn. INB/INF/INE 230638639. |
| BSECM, FO & CD Segment SEBI Regn. INB/INF/INE 010638634. |
| MCX-SX CD Segment SEBI Regn. INE 2360638639. |
| USE CD Segment SEBI Regn. INE 270638633. |
| CDSL DP SEBI Regn. IN-DP-CDSL-251-2004. |
| NSDL DP SEBI Regn. IN-DP-NSDL-270-2007. |
| MCX* Commodities Segment FMC Regn. MCX/TCM/CORP/0741 &MCX Code No. 10585 |
| NCDEX*Commodities Segment FMC Regn. NCDEX/TCM/CORP/0501 & NCDEX CMID:00011 (*through Networth Commodities & Investments Ltd.). |
| Merchant Banker Regn. INM 000011013 , PMS SEBI Regn. INP000001371. |
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