• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

Overview Overall

"Aditya Birla Money Limited is the pioneer in the stock broking industry with the pan India existence and excellent research assistance available for their client. They provide almost all financial products to their clients including commodity & currency derivative trading."

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why Aditya Birla Money Limited?

  • Aditya Birla Money Limited, full-service broker who provide 2-in-1 On-line trading account and is registered with SEBI, NSE, BSE, MCX-SX, NSDL, CSDL, MCX, NCDEX.
  • No charges for trade on call
  • Research by industrial expert
  • Equity delivery trading is free.
  • Pan India presence
  • It offers portfolio tracker and is one stop solution to all the financial issues.

Positives

  • Offer online IPO and mutual fund bidding
  • No call and trade charge
  • Offers portfolio trackers
  • Award-winning research services
  • Advisory services available from highly skilled staff
  • 800+ branches and have the robust geographical presence

Needs Improvement

  • In consistence online customer support.
  • No 3-in-1 account facility available
  • Less transparency in brokerage plans
  • Minimum brokerage charges

Overview

Aditya Birla Money
Type of site Wholly owned subsidiary of Aditya Birla Capital Limited
Founded Year 2009
Headquarters Chennai, India
Key people Mr. Tushar Shah (CEO),Mr. Pradeep Sharma (CFO)
Industry Stock Broker
Products Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking.
Services Equity, Derivatives, Currency Trading. Insurance, corporate lending
Employees 501-1,000 employees
Website http://www.adityabirlamoney.com
Company Aditya Birla Money Limited
Users 43,485

Aditya Birla Money Limited is the wholly owned subsidiary of Aditya Birla Capital Limited. This company was incorporated in 1994 and was formerly known as Apollo Sindhoori Capital Investment. Later in March 2009, it was acquired by Aditya Birla group with 76% of share.

It is a full-service share broker and has more than 800 branches/Franchisee all over the country. The company is registered with NSE, BSE, MCX-SX, NSDL, CSDL, MCX, NCDEX and offers equity and derivative trading along with currency derivative and commodity trading. It also allows online IPO, mutual funds, subscription-based brokerage plan & distribution of insurance.

Aditya Birla offers funds transfer facility available form over more than 11 banks and provides 2-in1 trading accounts to its customers. This is one of the few brokers who provide trade on call without any charges. They have experts sitting at the backend who provide valuable advice to their clients.

Aditya Birla Money Limited is one of the pioneers in the stockbroker industry and is one of the largest Asset management companies in India, among the top 5 private diversified NBFCs in India.

Aditya Birla Money limited is one of the renowned share brokers of India and provide numerous financial products and services to its customers. It formerly known as Apollo SIndhoori Capital Limited and is latter acquired by Aditya Birla Group. With this acquisition, top management has expanded this company by leaps and bound, and now it has pan India presence with more than 800 branches.

Their brokerage plans are convenient and easy to understand. Also, it is less costly when we compare to big giants in the market like ICICI and Sharekhan. They provide online IPO and mutual funds and provide Call on trade facility without any charges.

Aditya Birla is one of the dominant business groups of India, and its past business strategies promise that it is a group which is worth to rely upon. Apart from every kind of online platform supporting all software, Aditya Birla Money Limited provides portfolio tracker and online analytics for better decision making.

Affiliation Details

  1. CIN : L65993GJ1995PLC064810
  2. DP ID :
    • NSDL/CDSL: IN – DP-17-2015
    • Research Analyst : INH 0000002145
    • Portfolio Manager: INP000003757
  3. NSE Member ID
    • Capital Market (CM) – INB 231347031
    • Future & Options (F&O) – INF 231347031
    • Currency Derivatives (CDS) – INE 231347031
  4. BSE Member ID:
    • Capital Market (CM) – INB 011347037
    • Future & Options (F&O) – INF 011347037
    • Derivative – INE 011347037

Customers Service

ABML offers multiple communication channels to its clients for using customer service:

  1. Phone Number : Call & trade: 1800 300 29999 & Dial 1
  2. Customer Support : 1800-270-7000 (Toll-free)
  3. Account opening: https://onlineaccount.adityabirlamoney.com/?utm_source=MOBWEB
  4. Email Support :[email protected] / [email protected]
  5. Corporate Office :
    NO.53, Ali Centre, Greams Road, Chennai - 6000060
    44-49490002

Active Client Details

  • 43,485 clients

Account Opening & AMC Charges

Trading Account / Demat opening is the onetime fee that ABML charge while initiating your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charge by ABML to maintain your account, this is annual charges and deduct from your account even if you haven't traded for a year.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account INR750 NIL
Demat Account NIL INR450

How to open the account with Aditya Birla Money Limited?

At Edelweiss Broking Limited you can start investing your money in stocks and other financial product after opening a trading account. You can open a 2-in-1 trading account with Edelweiss through an offline, online platform.

1.Opening account through an offline medium:
  • You call them at 91– 44 –391900 02 / 03 and ask for account opening assistance
  • You can visit locate & visit the nearest branch to complete all the account opening formality
  • You can open your trading account by sending email to them on [email protected]
  • You can fill a short online registration form, and their representative will contact you for further process of opening a trading account
2.Opening account through the online medium:
  • You can open a trading account in ABM by clicking on the link mentioned below. You should be ready with your Aadhar card and Pan card to open the account within a few minutes.

The Final Thoughts

Aditya Birla Money Limited is among the top service provider in the stockbroking market and allows you to invest in almost all financial products with minimal brokerage charges. They have portfolio tracker and online analytics for better decision making. Along with this, they have a team of veterans of the industry which assists you in investing money in the correct product at the correct time. Though ABL is good in many ways, it has the weakness of not providing good online customer services. Also, they are not transparent enough in terms of brokerage and do not provide minimum brokerage charge, monthly or yearly brokerage plans.

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