In this article, I am providing the list of Major stock Brokers in Nagpur. Maharashtra.
Nagpur geographically lies almost at the center of India. With more than 4 million people, it was recently awarded as one of the greenest city of India.
Known as “Orange City”, it houses winter session of Maharastra assembly.
Because of all these reasons, every leading stockbrokers have their branches at Nagpur.
Before you decide to open your account with any stock brokers, I strongly suggest you to go through some of the below articles to understand various types of stock brokers operating in India.
Once you open an account, it is quite cumbersome to change the broker. One may be looking for lowest brokerage charges, another guy may be looking for trading tips and ready to pay higher brokerage. So decide and choose carefully depending upon your requirement.
Best Stock Brokers in Nagpur – Maharashtra
There are many share brokers based out of your city.
Here is the list of best Stock Brokers in Nagpur
- Zerodha
- Angel Broking
- Motilal Oswal
- India Infoline
- ICICI Direct
- HDFC Securities
#1. Zerodha
Zerodha became the largest stock broker of India in 2018, within just 8 years of foundation.
They have client base which is higher than that of ICICI Direct and Sharekhan.
All this because of state of the art Trading Platforms and lower brokerage charges coupled with good customer care.
You can read complete details about Zerodha here at this review.
Below table has the details of Brokerage charges of Zerodha.
Check out more article about Zerodha:
Zerodha Nagpur Office Address
110 1st Floor – Orange City Tower
Near Panchsheel Talkies
Oppsite Patrakar Bhavan
Dantoli
Nagpur 440010
Website : Zerodha Website
Account can be opened completely online in 15 min. Infact, no need to visit any branch and it is completely online.
Please read this article on how to open Zerodha account explained step by step. You can use below button to open the account instantly.
#2. Angel Broking
Angel is reputed name in Indian brokerage industry with more than 2 decades of presence.
The brokerage company was following full service brokerage model but due to competition from Zerodha and other discount brokers, now they also switched to discount brokerage model.
Check out the side by side comparison of Angel Broking vs Zerodha.
You can get more information about Angel Broking here in this review.
Below table has the brokerage details of Angel Broking.
Angel Broking Nagpur Branch Address:
Shop No.1C & 1D,
Nishigandha Apartment,
Prashant Nagar,
Ajni Square,
Wardha Road,
Nagpur – 440015
Website : Angel Broking Website
OFFER : The account opening fee and the AMC charges for the first year is waived off. To avail the offer, use the below button.
#3. Motilal Oswal
Motilal Oswal is another leading stock broker who are into the brokerage business since 1987. Apart from equities, they also provide service in mutual funds, bonds and Portfolio Management Services (PMS).
They invest considerable amount of their revenue for stock research. Hence the reserach papers from them is widely acknowledged.
To know more about Motilal Oswal, you can check out this detailed review.
Motilal Oswal also have their branches in Nagpur
Motilal Oswal Nagpur Branch address:
No 68A
Shivaji Nagar
Nagpur – 440010
Website : Motilal Oswal Website
OFFER : Motilal Oswal has made the account opening charges and AMC for the first year free. You can avail the offer by visiting page through below button
#4. India Infoline ( IIFL)
India Infoline also known as IIFL is well known stock broker of India.
They are operating in brokerage space since 1995. Along with brokerage, they also provide service in insurance, mutual funds and advisory services.
Read more about India Infoline ( IIFL) in this review.
Below table has the details of Brokerage Charges of IIFL.
India Infoline (IIFL) Nagpur Branch Address:
Naidu Chambers,
W High Ct Rd,
Dharampeth,
Nagpur 440010
Website : IIFL Securities website
OFFER : If you open the account online, they are waiving off the account opening fees. Also first year Annual Maintenance Charges (AMC) is also waived off.
Use below button to avail the offer.
#5. ICICI Direct
ICICI Direct is brokerage arm of ICICI bank which is a premier private sector bank of India.
They are credited for popularising online trading/investing in India.
Read more about them at this ICICI Direct Review.
But their brokerage charges are very high compared to discount brokers. Check out the side by side comparison of ICICI Direct Vs Zerodha.
Below table captures the commission charged by ICICI Direct.
ICICI Direct Branch Address in Nagpur:
SADAR HUB First Floor,Shop No. 138 To 140,
S.V.Patel Marg, Civil Lines
NAGPUR Pin Code : 440001
#6. HDFC Securities
HDFC Securities is brokerage arm of HDFC Bank. And HDFC Bank is biggest private sector bank of India.
Since the demat account is from a bank, it is a 3-in-1 demat account with savings, demat and trading account integrated together.
Know more about HDFC Securities here in this review.
Also you can check out the comparison between HDFC Securities Vs Zerodha.
Below table shows the brokerage charges of HDFC Securities.
HDFC Securities Branch Address in Nagpur:
Plot no- 127/1,
Ramdaspeth,
Above HDFC Bank,
Nagpur – 440012
Best Stock Broker in Nagpur- Conclusion
Nagpur has multiple stock brokers, small and big. They stock brokers I have short listed are very reputed ones and have long history.
You can choose to open demat account with any of them.
I choose to switch from Sharekhan to Zerodha in 2012 and pretty satified with services and apps of Zerodha.
I can recommend Zerodha to anyone, anyday.
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