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Alice Blue Vs Mangal Keshav: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Alice Blue Max Rs 15 per trade while the brokerage of Mangal Keshav ranges between 0.03% to 0.30%. Alice Blue is a Discount Broker where Mangal Keshav is a Full Service Broker. Alice Blue is having overall higher rating compare to Mangal Keshav. Alice Blue is rated 4 out of 5 where Mangal Keshav is rated only 3 out of 5. Number of active customer for Alice Blue is 1,63,460 where number of active customer for Mangal Keshav is 7,062. Alice Blue is serving more customer compare to Mangal Keshav.

Here we present side-by-side comparison of Alice Blue vs Mangal Keshav share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Alice Blue vs Mangal Keshav's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Alice Blue vs Mangal Keshav share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Alice Blue vs Mangal Keshav's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Alice Blue vs Mangal Keshav on Service

  Alice Blue Compare
Alice Blue
Mangal Keshav Compare
Mangal Keshav
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,63,460 7,062
Broker Overview Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. Mangal Keshav being an active member of BSE since 1939 is one of the oldest stock broking houses in India. Multi-product avenues, all types of trading platforms (web, app, and desktop software), research-driven tips & advisory, portfolio manageme...Know more about Mangal Keshav
Broker Enquiry Request call back from Alice Blue Request call back from Zerodha
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Account Opening Charges and AMC

Compare Alice Blue vs Mangal Keshav on Trading & Demat Account Opening Charges

Comparison of Alice Blue with Mangal Keshav on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Alice Blue charges Rs 400 PA AMC for Demat account where Mangal Keshav charges Rs 750 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Alice Blue with Mangal Keshav
Charges Alice Blue Mangal Keshav
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Rs 750 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Alice Blue vs Mangal Keshav on Plan Options

Plans are the most important feature you look when compare Alice Blue with Mangal Keshav. This section compare on high level about type of plans offered by brokers. Multiple Plans - Alice Blue provide Multiple Plans where Mangal Keshav doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Alice Blue with Mangal Keshav on Plan Options
Plan Types Alice Blue Mangal Keshav
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Alice Blue Zerodha
Account Opening Request
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Brokerage Charges

Compare Alice Blue vs Mangal Keshav on Brokerage Charges

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

Mangal Keshav Brokerage Plan detail - This is a standard plan by Mangal Keshav. This is a % based brokerage plan. Brokerage is between .03% to .30%, which is 3 paisa to 30 paise per 100 rs.

Brokerage Charges - Compare Alice Blue with Mangal Keshav
Brokerage Charges Compare Alice Blue Mangal Keshav
Plan Name F15 Plan Standard Brokerage Trading Plan (Percentage Based)
Equity Delivery Free 0.30% or 30 paisa
Equity Intraday 0.05% or Rs 15 whichever is lower 0.03% or 3 paisa
Equity Futures 0.05% or Rs 15 whichever is lower 0.03% or 3 paisa
Equity Options Flat Fee Rs 15 Rs 100 Per Lot
Currency Futures 0.05% or Rs 15 whichever is lower 0.03% or 3 paisa
Currency Options Flat Fee Rs 15 Rs 50 Per Lot
Commodity Trading Flat Fee Rs 15 0.03% or 3 paisa
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Rs 50 per order + GST NA
Auto Square off Charges Rs 50 per order + GST NA
Brokerage Calculator Brokerage Calculator for Alice Blue Brokerage Calculator for Mangal Keshav
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Share Broker's Transaction Charges

Compare Alice Blue vs Mangal Keshav on Transaction Charges

Compare Alice Blue with Mangal Keshav on transaction charges and PCM fee by segment.

Transaction Charges - Compare Alice Blue with Mangal Keshav
Transaction Charges Compare Alice Blue Mangal Keshav
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for alice-blue Complete Brokerage Plans for mangal-keshav
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Account Features

Compare Alice Blue vs Mangal Keshav on Account Features

Compare Alice Blue with Mangal Keshav on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Mangal Keshav offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Alice Blue with Mangal Keshav
Account Features Compare Alice Blue Mangal Keshav
3 in 1 Account No Alice Blue have 2-in-1 account. Only Demate and Trading account. No Alice Blue have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio No No
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Alice Blue vs Mangal Keshav on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Alice Blue and Mangal Keshav. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Alice Blue with Mangal Keshav
Trading Platform Compare Alice Blue Mangal Keshav
Desktop Trading Platform ANT - Analyse and Trade Mangal Trader
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Mangal Keshav Web Trading Platform
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ANT Mobile Mangal Trader
Mobile Trading App Demo ANT Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ANT Mobile Download Andriod Mangal Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ANT Mobile Download iOS Mangal Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for Mangal Keshav
Futures Brokerage Calculator Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for Mangal Keshav
Options Brokerage Calculator Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for Mangal Keshav
Detail Detail on Trading Platforms for alice-blue Detail on Trading Platforms for mangal-keshav

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Broker Ratings by Users

Compare Alice Blue vs Mangal Keshav on User Rating

  Alice Blue Mangal Keshav
  8 Customer Reviews    Rate Alice Blue 1 Customer Reviews    Rate Mangal Keshav
Fees Ratings 2.6 5.0
Trading Brokerage Rating 3.4 5.0
Trading Platform Usability 2.4 4.0
Customer Service Ratings 2.6 4.0
Overall Ratings 2.1 5.0
Broker Rating Alice Blue is Rated 2.1 / 5 based on 8 customer reviews Mangal Keshav is Rated 5.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Alice Blue vs Mangal Keshav on Investment Offerings

Compare Alice Blue with Mangal Keshav on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Alice Blue with Mangal Keshav
Investment Offerings Compare Alice Blue Mangal Keshav
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Alice Blue vs Mangal Keshav on Order Types

Order Type - Compare Alice Blue with Mangal Keshav on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Alice Blue provide Cover Orders (CO) where Mangal Keshav doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Alice Blue provide Bracket Orders (BO) where Mangal Keshav doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Alice Blue with Mangal Keshav
Order Type Compare Alice Blue Mangal Keshav
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Alice Blue vs Mangal Keshav on Customer Service

Compare Alice Blue with Mangal Keshav on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Alice Blue with Mangal Keshav
Customer Service Compare Alice Blue Mangal Keshav
24/7 Customer Service Alice Blue vs Mangal Keshav - 24x7 customer support No No
Email Support Alice Blue vs Mangal Keshav - Email Support No Yes
Onine Live Chat Alice Blue vs Mangal Keshav - Onine Live Chat Yes No
Phone Support Alice Blue vs Mangal Keshav - Phone Support Yes Yes
Toll Free Number Alice Blue vs Mangal Keshav - Toll Free Number No Yes
Through Branches Alice Blue vs Mangal Keshav - Through Branches Yes Yes
Customer Care Number Alice Blue vs Mangal Keshav - Customer Care Number 08035215000/080-45490850 +91 22 6190 8000
Account Opening Process Alice Blue vs Mangal Keshav - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Alice Blue vs Mangal Keshav - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Alice Blue vs Mangal Keshav - Knowledge Center/Education https://tradeschool.aliceblueonline.com/ https://www.mangalkeshav.com/knowledge-panel
Head Office Address Alice Blue vs Mangal Keshav - Head Office Address/Corporate Address Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Info Not Available
Website Alice Blue vs Mangal Keshav - Company Website https://www.aliceblueonline.com https://www.mangalkeshav.com/
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Tips/Research/Reports Published

Compare Alice Blue vs Mangal Keshav on Research Reports, Tips

Compare Alice Blue with Mangal Keshav on research reports and tips provided by the broker.

Research Reports - Compare Alice Blue with Mangal Keshav
  Alice Blue Mangal Keshav
Research Mutual Funds Alice Blue vs Mangal Keshav - Research Mutual Funds No Yes
Research Equity Reports Alice Blue vs Mangal Keshav - Research Equity Reports No Yes
Research ETF Alice Blue vs Mangal Keshav - Research ETF No Yes
Daily Market Report Alice Blue vs Mangal Keshav - Daily Market Report Yes Yes
Free Tips Alice Blue vs Mangal Keshav - Free Tips No Yes
Quarterly Result Analysis Alice Blue vs Mangal Keshav - Quarterly Results No Yes
News Alerts Alice Blue vs Mangal Keshav - No Yes
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Demat Account

Compare Alice Blue vs Mangal Keshav on Demat Account

Compare Alice Blue with Mangal Keshav on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Mangal Keshav is ₹1000 Refundable deposit where for Alice Blue is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Alice Blue is 0.04% of the value of the transaction where for Mangal Keshav is 0.05% of transaction value (Min ₹100).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Alice Blue with Mangal Keshav
  Alice Blue Mangal Keshav
DP Source CDSL CDSL
DP ID Alice Blue vs Mangal Keshav - DP ID 83500 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹1000 Refundable deposit
Advance Deposit Rs 0 Deposit Scheme ? Rs.1000/-, where AMC will not be charged and amount will be refundable at Time of Closure of demat account. If the account is closed prior to one year deposit amount will not be refunded.
Statutory charges Rs 150 Stamp Charges Nil
Transaction Charges on Debit (Per ISIN) 0.04% of the value of the transaction 0.05% of transaction value (Min ₹100)
Demat ₹10 per certificate + ₹50 courier charges ₹100 per certificate + ₹150 courier charges
Remat ₹30 per certificate + CDSL charges ₹100 per certificate + ₹150 courier charges + CDSL charges
Pledge Creation ₹20 + CDSL charges 0.02% of transaction value + CDSL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 + CDSL charges 0.02% of transaction value + CDSL charges
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹20 + CDSL charges 0.02% of transaction value + CDSL charges
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Alice Blue vs Mangal Keshav on Special Offers and Promotion

Compare Alice Blue with Mangal Keshav on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Alice Blue vs Mangal Keshav on Special Offers and Promotion
  Alice Blue Mangal Keshav
Pay In and Pay Out Options Alice Blue vs Mangal Keshav - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Alice Blue vs Mangal Keshav - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Alice Blue vs Mangal Keshav - Bank Supported and Charges Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. Info Not Available
Bank Detail Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Info Not Available
Likes
  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

Detail Review...

  • Zero Demat account opening charges.
  • One stop for all trading & investment products & services.
  • Trade on mobile app, web, and desktop applications.
  • Robust back-office system.
  • Easy deposit and withdrawal process.
  • Invest in IPO and mutual funds.
  • Get tailor-made portfolio suggestions with PMS services.
  • Market analysis, micro & macro research, equity research, mutual funds research, etc.
  • Dedicated relationship manager (RM).
  • Margin Trading Facility (MTF) is available.
  • Knowledge panel and blogs for beginners.

Detail Review...

Dislikes
  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

  • Upfront Margin money is required in the trading account.
  • Does not offer a 3-in-1 account.
  • No direct mutual fund offerings.
  • Non-negotiable and non-transparent brokerage fee structure.
  • The brokerage fee is significantly higher than flat discount brokerage houses.
  • No Good till triggered (GTT) order feature.

Detail Review...

Special Offers/Promo
Enquiry Open Alice Blue Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-01-12T04:48:54+00:00