Swastika Investmart vs NJ Wealth – Compare Charges, Trading Features, Offers & more

Find a Comparison of Swastika Investmart vs NJ Wealth here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Swastika Investmart and NJ Wealth.

Background

Year of Incorporation Swastika Investmart Ltd. (Formerly known as Swastika Fin-Lease Ltd.) in 1992 2000
Website https://www.swastika.co.in/ https://www.njwealth.in/
Phone 022-66330000 0261-6155000
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX BSE, NSE
Demat (NSDL/CDSL) CDSL & NSDL CDSL & NSDL
Brokerage

Equity 0.02% for Intraday & 0.2% for Delivery - Negotiable 0.1% - 0.2%
Equity Futures 0.02% of Turnover - Negotiable 0.01% - 0.02%
Equity Options Rs 25/lot Rs.10 - Rs.20 per Lot
Currency Futures 0.02% of Turnover - Negotiable 0.01% - 0.02%
Currency Options Rs 25/lot Rs.10 - Rs.20 per Lot
Commodity 0.02% of Turnover - Negotiable 0.01% - 0.02%
Account Opening Costs

Trading only NA Rs. 300
Trading & Demat Rs.250 Free
Commodity Rs.250 Rs.100
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00350% of Turnover 0
Futures 0.0025% of Turnover 0
Options 0.055% of Premium Turnover 0
Commodities 0.0025% of Turnover 0
AMC charge Rs.250 annually or Rs. 2000 for lifetime Rs 250 per annum
DP Transaction Charge 0.04% with minimum Rs 20 Rs 20
Offline order placing Charge NIL 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 Days on NOW Yes
End of Day 10years on NOW Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 10 times intraday, 0 for Delivery (negotiable if turnover 1 Cr) Upto 2x for Delivery & Upto 7x for Intraday
Equity Futures Upto 7 times intraday leverage (negotiable if turnover 1 Cr) Upto 4x
Equity Options No leverage (negotiable if turnover 1 Cr) Upto 5X
Currency Futures No Leverage Upto 1x
Currency Options No Leverage Upto 3x
Commodity Upto 2 times for Intraday (negotiable if turnover 1 Cr) Upto 3x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 1.07 Crores Rs 1521.69 Crores
Profit after Tax FY12/13 Rs 1.67 Crores Rs 2179.98 Crores
Profit after Tax FY13/14 Rs 2.10 Crores Rs 2865.45 Crores
Profit after Tax FY 14/15 Rs 3.50 Crores Rs 3452.44 Crores
Profit after Tax FY 15/16 Rs 4.47 Crores Rs 5134.80 Crores
Profit after Tax FY 16/17 Rs 5.07 Crores Rs 7568.40 Crores
Profit after Tax FY 17/18 Rs 6.88 Crores Rs 4861.99 Crores
Profit after Tax FY 18/19 Rs 7.98 Crores Rs 2758.71 Crores
Profit after Tax FY 19/20 Rs 8.46 Crores Rs 1534.54 Crores
Profit after Tax FY 20/21 Rs 9.25 Crores Rs (125.87) Crores
Profit after Tax FY 21/22 Rs 10.30 Crores Rs (2413.70) Crores
Profit after Tax FY 22/23 Rs 11.32 Crores Rs 654.94 Crores
Debt FY11/12 Rs 19.5 Lakhs Rs 37.58 Crores
Debt FY12/13 Rs 23.9 Lakhs Rs 32.87 Crores
Debt FY13/14 Rs 24.2 Lakhs Rs 58.90 Crores
Debt FY14/15 Rs 28.48 Lakh Rs 79.15 Crores
Debt FY15/16 Rs 19.17 Lakh Rs 159.36 Crores
Debt FY16/17 Rs 25.69 Lakh Rs 234.23 Crores
Debt FY17/18 Rs 18.10 Lakh Rs 288.96 Crores
Debt FY18/19 Rs 32.14 Lakh Rs 311.66 Crores
Debt FY19/20 Rs 23.76 Lakh Rs 346.17 Crores
Debt FY20/21 Rs 33.72 Lakh Rs 377.39 Crores
Debt FY21/22 Rs 24.08 Lakh Rs 413.52 Crores
Debt FY22/23 Rs 24.59 Lakh Rs 439.61 Crores
Profit to Equity(%) FY11/12 15.34 27.45%
Profit to Equity(%) FY12/13 14.02 29.40%
Profit to Equity(%) FY13/14 14.25 21.23%
Profit to Equity(%) FY14/15 21.36 20.42%
Profit to Equity(%) FY15/16 20.90 26.64%
Profit to Equity(%) FY16/17 18.57 38.11%
Profit to Equity(%) FY17/18 19.71 40.27%
Profit to Equity(%) FY18/19 22.20 41.34%
Profit to Equity(%) FY19/20 19.69 43.50%
Profit to Equity(%) FY20/21 27.20 46.15%
Profit to Equity(%) FY21/22 27.20 45.31%
Profit to Equity(%) FY22/23 20.50 44.90%
Balance Sheet Size FY11/12 Rs 74.9 Crores Rs 6349.37 Crores
Balance Sheet Size FY12/13 Rs 85.7 Crores Rs 6738.15 Crores
Balance Sheet Size FY13/14 Rs 80.07 Crores Rs 6891.54 Crores
Balance Sheet Size FY14/15 Rs 100.61 Crores Rs 7487.89 Crores
Balance Sheet Size FY15/16 Rs 102.05 Crores Rs 7746.66 Crores
Balance Sheet Size FY16/17 Rs 89.88 Crores Rs 7976.32 Crores
Balance Sheet Size FY17/18 Rs 112.53 Crores Rs 8446.49 Crores
Balance Sheet Size FY18/19 Rs 93.47 Crores Rs 8561.64 Crores
Balance Sheet Size FY19/20 Rs 105.96 Crores Rs 8648.75 Crores
Balance Sheet Size FY20/21 Rs 105.96 Crores Rs 8864.61 Crores
Balance Sheet Size FY21/22 Rs 93.47 Crores Rs 9370.11 Crores
Balance Sheet Size FY22/23 Rs 105.07 Crores Rs 9691.38 Crores

Comparison Link:

Compare Swastika Investmart Compare NJ Wealth
Swastika Investmart Vs Punch Trade NJ Wealth Vs Punch Trade
Swastika Investmart Vs BlinkX NJ Wealth Vs BlinkX
Swastika Investmart Vs Lemonn NJ Wealth Vs Lemonn
Swastika Investmart Vs Mandot Securities NJ Wealth Vs Mandot Securities
Swastika Investmart Vs HDFC Sky NJ Wealth Vs HDFC Sky
Swastika Investmart Vs Dhan NJ Wealth Vs Dhan
Swastika Investmart Vs Goodwill Wealth NJ Wealth Vs Goodwill Wealth
Swastika Investmart Vs Shoonya by Finvasia NJ Wealth Vs Shoonya by Finvasia
Swastika Investmart Vs Paytm Money NJ Wealth Vs Paytm Money
Swastika Investmart Vs Globe Capital NJ Wealth Vs Globe Capital
Swastika Investmart Vs Cholamandalam Securities NJ Wealth Vs Cholamandalam Securities
Swastika Investmart Vs Canara Bank NJ Wealth Vs Canara Bank
Swastika Investmart Vs Axis Direct NJ Wealth Vs Axis Direct
Swastika Investmart Vs Alice Blue NJ Wealth Vs Alice Blue
Swastika Investmart Vs 5Paisa NJ Wealth Vs 5Paisa
Swastika Investmart Vs M.stock NJ Wealth Vs M.stock
Swastika Investmart Vs WisdomCapital NJ Wealth Vs WisdomCapital
Swastika Investmart Vs Way2wealth NJ Wealth Vs Way2wealth
Swastika Investmart Vs Ventura Securities NJ Wealth Vs Ventura Securities
Swastika Investmart Vs Navia Markets Ltd NJ Wealth Vs Navia Markets Ltd
Swastika Investmart Vs Tradejini NJ Wealth Vs Tradejini
Swastika Investmart Vs Tata Securities NJ Wealth Vs Tata Securities
Swastika Investmart Vs SMC Global NJ Wealth Vs SMC Global
Swastika Investmart Vs SBICAP Securities NJ Wealth Vs SBICAP Securities
Swastika Investmart Vs SASOnline NJ Wealth Vs SASOnline
Swastika Investmart Vs Samco securities NJ Wealth Vs Samco securities
Swastika Investmart Vs RK Global NJ Wealth Vs RK Global
Swastika Investmart Vs Reliance Securities NJ Wealth Vs Reliance Securities
Swastika Investmart Vs Nirmal Bang NJ Wealth Vs Nirmal Bang
Swastika Investmart Vs Master Trust Capital NJ Wealth Vs Master Trust Capital
Swastika Investmart Vs Kotak Securities NJ Wealth Vs Kotak Securities
Swastika Investmart Vs Interactive Brokers NJ Wealth Vs Interactive Brokers
Swastika Investmart Vs IIFL Securities NJ Wealth Vs IIFL Securities
Swastika Investmart Vs Dhani NJ Wealth Vs Dhani
Swastika Investmart Vs IDBI Capital NJ Wealth Vs IDBI Capital
Swastika Investmart Vs HDFC Securities NJ Wealth Vs HDFC Securities
Swastika Investmart Vs Geojit NJ Wealth Vs Geojit
Swastika Investmart Vs Fyers Securities NJ Wealth Vs Fyers Securities
Swastika Investmart Vs Edelweiss Capital NJ Wealth Vs Edelweiss Capital
Swastika Investmart Vs Easytradez NJ Wealth Vs Easytradez
Swastika Investmart Vs Rupeezy NJ Wealth Vs Rupeezy
Swastika Investmart Vs Anand Rathi NJ Wealth Vs Anand Rathi
Swastika Investmart Vs Aditya Birla Money NJ Wealth Vs Aditya Birla Money
Swastika Investmart Vs Achiievers NJ Wealth Vs Achiievers
Swastika Investmart Vs Angel One NJ Wealth Vs Angel One
Swastika Investmart Vs Motilal Oswal NJ Wealth Vs Motilal Oswal
Swastika Investmart Vs ICICI Direct NJ Wealth Vs ICICI Direct
Swastika Investmart Vs Sharekhan NJ Wealth Vs Sharekhan
Swastika Investmart Vs Groww NJ Wealth Vs Groww
Swastika Investmart Vs Tradesmart Online NJ Wealth Vs Tradesmart Online
Swastika Investmart Vs Upstox NJ Wealth Vs Upstox
Swastika Investmart Vs Zerodha NJ Wealth Vs Zerodha

Frequently Asked Questions

Which is better, Swastika Investmart or NJ Wealth?

Swastika Investmart Securities and NJ Wealth are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do Swastika Investmart and NJ Wealth offer mobile trading apps?

Yes, both Swastika Investmart Securities and NJ Wealth provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for NJ Wealth and Swastika Investmart?

The account opening charges by brokers Swastika Investmart and NJ Wealth for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both Swastika Investmart and NJ Wealth are SEBI-registered brokers with good reputations. Swastika Investmart is known for its trading platforms, while NJ Wealth is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both Swastika Investmart and NJ Wealth offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.