Last Updated - 2018-05-16
Rated 3/5 based on 78 customer reviews
Incorporated in 1939, Mangal Keshav is very old name in broker industry. Wide range of offerings, margin funding, 350 + branches proves deep presence of MK in the Broker Market.
Strong customer Support, NRI trading, tips and recommendation, PAN India presence, broker member of Dubai Gold and Commodities Exchange(DGCX)
No Mobile Base trading, No Clear trading plans on-line.
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Mangal Keshav Group is a premier wealth Management and Financial Solution company engaged in distribution of Mutual Fund and IPOs, advisory service, DP service, equities and derivatives Broking for Retail and Institutional customers in India.
Mangal Keshav Securities Ltd., part of MK Group has PAN India presence with more than 325 branches and around 70,000 customers. MK is registerd member of BSE ,NSE,NCDEX & MCX and Depository Participant with NSDL and CDSL for providing end to end service to its client. Trading in commodities can be done through MK Commodity Brokers Ltd.
They have presence in trading in the international commodities trading markets through its associate, Mangal Keshav DMCC, which is a broker member of Dubai Gold and Commodities Exchange(DGCX).
When coming to customer service, Mangal Keshav team is well trained to answer each and every voice from its clients. Dedicated service desk as well as branch office across India, makes it easy to interact with staff . Best way to communicate is email or phone call or visiting to nearest branch location. Still lacking behind in online support.
On Service- the Broker has dedicated Research Team to provides tips and recommendation and advise on investment matters.They have detailed and insightful coverage of more than 60 stocks across diverse sectors. Other than normal order types, MK allows After Market Order and Stop Loss Order.
For easy fund Transfer with Mangal Keshav, you have to have Bank Account with HDFC or UTI Bank. Mangal Keshav also a Non-Banking Financial Company (NBFC) provides margin funding against approved list of shares on NSE and BSE.
| Broker | Mangal Keshav | Zerodha | ICICIDirect | Sharekhan | ProStocks |
| Service Type | Full Service Broker | Discount Broker | Full Service Broker | Full Service Broker | Discount Broker |
| Brokerage | .03% to .3% | Rs 20 | 0.05 to .55% | 0.1 to 0.5% | Rs 15 |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 | 2 in 1 |
| Monthly Plans | No | No | No | Yes | |
| Rating |
Mangal Keshav claims to have competitive brokerage rates but they want you to approach them personally for any brokerage related queries.The Broker serve their clients personally as they have branches and sub-brokers office available across the country. They don't want to disclose their brokerage, they want to serve each customer as different as per their financial needs. Calling or personally visiting them may help here.
For complete brokerage charges and trading plans detail please visit Mangal Keshav Brokerage Charges.| Brokerage Plan | Basic Plan |
| Flat Fee | |
| Equity Delivery | 0.3% |
| Equity Intraday | .03% |
| Equity Futures | .03% |
| Equity Options | Rs 100 per lot |
| Currency Futures | .03% |
| Currency Options | ,03% |
| Commodity | Rs 100 per lot |
Mangal Keshav supports terminal based and Web Based patform for trading.
Mangaltrader-Diet : This is the installable trading software by ODIN Diet for multiple feature rich and efficient trading. Key features-
Mangal Trader-Lite ( Manual or Refresh Streaming) : An installable application powered by NOW can be downloaded and installed on your computer. This is a fully functional trading terminal allowing fast execution of orders with real time streaming of quotes or at refresh option. All features are same as Mangal Keshav-Diet.
Mangal Web Base Trading Platform - NetNetLite is standard online trading application used by Mangal Keshav.
With more than 60 years of experience, Mangal Keshav is a leader having strong hold in Indian Broker space through its network of Branches and Sub broker in many cities of India. While not the broker for everyone, especially for new generation, Mangal Keshav's well-respected place in the realm of full service brokers should continue to grow in 2016.
Paperless account opening*
Zerodhae-Aadhar base account opening
Free Delivery trading
Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Beginner, seasoned investor, active trader or HNI. Get customised solutions.
Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)
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