Arihant Capital Markets Limited is counted among the most reputed financial services companies of India and provides trade & investment services to a large number of clients. Established in the year 1992, Arihant Capital Markets Ltd (Arihant Capital Markets) is a part of Arihant Group. Read Complete Arihant Capital Review to get knowledge about its Brokerage Charges, Trading platforms, Demat account, Margins & more.
The full-service stock broker is a long-standing member of both cash and derivative segment of BSE and NSE. It also operates in currency future market segment and offers demat services, investment banking services, merchant banking, and distribution of financial products like Mutual Funds and IPOs among others.
The stock broker claims to have over 1.35 lac customers through its 750 investment centers spread across 175 cities within India.
Arihant Capital is an active member of BSE, NSE, NCDEX, MCX, and MCX-SX. The stock broker has also developed a strong image in imparting trading education through its insightful training programs.
Some of the best things about Arihant Capital are:
- Competitive pricing with no hidden costs
- Wider selection of investment choices
- Next-gen educational resources and tools
- Access to in-depth, unbiased research
- Powerful trading platforms
- Knowledgeable professional support
Being active member of NSE, BSE, MCX, NCDEX and USE, Arihant Capital enables its clients to perform trade across a range of stock categories including:
- Equity
- Derivative Trading
- Currency Trading
- Commodity Trading
- Depository services
- Mutual Funds
- IPO
- NRI Demat Account
Equities, derivatives, commodities, depository services, currency derivatives, IPOs, mutual fund, online trading, bonds – no matter what investment-related service/product you need, you can get it at Arihant.
Membership Information
The membership details of Arihant Capital are given below.
| Entity | Membership ID |
|---|---|
| SEBI | Research Analyst Regn. No. – INH000002764 |
| BSE | INB 010705532 INF 010705532 |
| NSE | INB 230783938 INF 230783938 INE230783938 |
| MSEI | INE260783938; NSDL – IN-DP-127-2015 DP ID-IN301983; |
| CDSL | DP ID-43000; NCDEX – 00080; MCX – 10525 |
| AMFI | ARN 15114; SEBI Merchant Banking Regn. No. – MB INM 000011070 |
| Registered Address | Sbicap Securities Ltd., A&b Wing, Marathon Futurex 12th Floor, N.m.joshi Marg Lower Parel, Mumbai – 400 013 |
Process to Open an account at Arihant Capital
There are primarily two ways to open a trading account with Arihant Capital – Online Account Opening and by Visiting Branch Office
Online Account Opening (Insta Account)
The quickest and easiest way to open a trading account with Arihant Capital is to open it right on its website. You just need to launch the application wizard, fill in the required details and submit.
One of the advisors will courier it to you as we’ll need the form physically signed by you (mandatory requirement), along with the required documents and account opening cheque.
Steps of Open Insta Account:
- Visit www.arihantcapital.com and click on “Open An Account” link
- Fill in the required details DoB, PAN, and Aadhaar Number.
- Validate your Aadhar information.
- Pay account opening fees.
- Authenticate yourself with Aadhaar OTP verification.
Visit Arihant Capital Branch Offices
Arihant Capital enjoys a fabulous presence in over 175 cities across the country. You can visit a branch near to you and complete the account opening process.
Documents needed for account opening
You need to provide the following documents open a trading and demat account:
- PAN Card
- AADHAR Card
- Webcam for Personal Identification
- Cancelled Cheque
- Mobile number linked with AADHAAR
Arihant Capital Account Opening Charges
- Arihant Capital Account Opening Charges (Trading Acct): Rs0
- Arihant Capital AMC Charges (Trading Acct): Rs 0
- Arihant Capital Account Opening Charges (Demat Acct): Rs 0
- Arihant Capital AMC Charges (Demat Acct): Rs 362
Arihant Capital Trading Platforms
The best thing about Arihant Capital is its wide range of trading platforms that are designed in such a way to meet the diverse trading needs of its clients. Let’s get to know about them in detail below.
Arihant Capital – Invest Ease
Invest Ease by Arihant Capital is actually a browser-based trading platform. A user just needs to login into the application to start trading in stocks. The application is known to have some of the best features such as:
- Availability of real-time market data
- Multiple market watch lists facility with a customizable interface
- Interactive charts with research reports for technical investigation
- Users can transfer funds from over 25 banks
- Different types of orders available for execution, including – Basket, cover, spread, normal etc.
- Hotkeys for quick order execution are there
- Research reports, recommendations and tips readily available within the trading platform
ARI – Trade Speed
To assist high-frequency stock traders and investors with speedy trading, Arihant Capital has a terminal-based trading platform – Trade Speed. It needs to be downloaded and installed on a computer and primarily meant for high frequency traders who want faster trade execution. ARI Trade Speed is considered one of the most robust trading platforms available in the market today and known to have best features:
- Option to trade in different segments across different exchanges
- Advanced charts with multiple technical indicators
- Clients can place orders aftermarket hours
Arihant Capital – ARI Mobile App
Ari Mobile is an in-house mobile application developed by Arihant Capital. The application is intended to help traders perform trade on their smartphones without any hassle. Users can trade across multiple segments and exchanges through this app, which can also be used across tablet devices as well. The mobile app comes with the following features:
- The mobile app can update itself based on the internet connection strength
- Multiple Market watch lists can be set and customized as per user preferences
- Users can place trades with a single tap
- Different order types and corresponding status can be viewed in a single screen
Arihant Capital Customer Care
The full-service stock broker features a number of communication channels to its client to deliver customer support:
- Web form assistance
- Phone number
- Offline branches
- FAQs
There is an ample number of communication channels given by the stock broker which means its clients have several options to reach out to the broker’s customer care team. However, the overall service quality by the team is not at all impressive. Whether it is to judge on professionalism or the communication approach during query handling, the broker has several shady points that need immediate attention.
For example, the customer support team needs to have a daily training on professional customer service with a sharp focus on keeping the overall discussion with the end user as smooth as possible.
next, there is one more area that needs to be worked on is the turnaround time (TAT) taken by the staff for query resolution. There must be a well-defined process for TAT evaluation and the end user must be informed consequently.
Arihant Capital Pricing
The brokerage charges and account opening charges by the stock broker are mentioned below.
Account Opening Charges
- Arihant Capital Account Opening Charges (Trading Acct): Rs0
- Arihant Capital AMC Charges (Trading Acct): Rs 0
- Arihant Capital Account Opening Charges (Demat Acct): Rs 0
- Arihant Capital AMC Charges (Demat Acct): Rs 362
Arihant Capital Brokerage Charges
The brokerage charges levied by Arihant Capital are rational. For example, it charges you 0.2% for Equity Delivery trades which actually means ₹200 brokerage for each ₹1,00,000 worth of trade. Though discount stock brokers charge even lower brokerage charges within full-service stockbroking space, 0.2% is definitely one of the lowest.
| Equity Delivery Trading | 0.20% |
| Equity Intraday Trading | 0.03% |
| Commodity Options Trading | NA |
| Equity Futures Trading | 0.02% |
| Equity Options Trading | Rs.10 per lot |
| Currency Futures Trading | 0.02% |
| Currency Options Trading | Rs.10 per lot |
| Minimum Brokerage | Rs.20 per executed order |
| Demat AMC Charges | Rs.362 |
| Trading AMC Charges | Free |
| Margin Money | Rs.10,000 |
| Brokerage Calculator | Arihant Capital Brokerage Calculator |
Arihant Capital Demat Account Charges
The demat account transactions are levied separately from trading charges. Here are Arihant Capital demat account charges 2019.
| S. No. | Type | Details | Details |
|---|---|---|---|
| 1 | DP Source | CDSL | NSDL |
| 2 | Demat Account Annual Maintenance Charges(AMC) | ₹362 pa | Rs.362 |
| 3 | Statutory Charges (Stamp Charges payable upfront) | Nil | Nil |
| 4 | Advance Deposit | Nil | NIL |
| 5 | Transaction Charges (Market Trades) | ||
| Buy (Receive) | Rs 0 | Rs 0 | |
| Sell (Debit) | 0.04% of transaction value or ₹19 per transaction (whichever is higher) | .04% or Rs.12 whichever ishigher + NSDL Charges | |
| 6 | Demat & Remat Charges | ||
| Demat | ₹10 per certificate (Min ₹50) + ₹50 courier charges | Rs.10 per Cert. Min Rs.50/- + Rs. 50 for Postage | |
| Remat | ₹20 for every hundred securities | Rs.20 for every 100 Quantity | |
| 7 | Pledge Charges | ||
| Pledge Creation | 0.04% (Min ₹50) | .04% (minimum Rs.50) | |
| Pledge Creation Confirmation | Nil | NIL | |
| Pledge Closure | 0.04% (Min ₹50) | NIL | |
| Pledge Closure Confirmation | Nil | NIL | |
| Pledge Invocation | 0.04% (Min ₹50) | NIL | |
| 8 | Failed Instruction Charges | Nil | NIL |
| 9 | Other Charges Demat | Nil | NIL |
| 10 | Remarks | Nil | Investor Scheme, Rs.100 for POA Stamp |
Arihant capital Transaction Charges
| Segment | Value |
|---|---|
| Plan Name | Standard Trading Plan (Percentage Based) |
| Flat Fee | NA |
| Equity Delivery | 0.3% or 30 paisa |
| Equity Intraday | 0.03% or 3 paisa |
| Equity Futures | 0.03% or 3 paisa |
| Equity Options | Rs 50 Per Lot |
| Currency Futures | 0.03% or 3 paisa |
| Currency Options | Rs 20 Per Lot |
| Commodity | 0.03% or 3 paisa |
Arihant Capital Margins
| Delivery | Upto 4X |
| Intraday | Upto 10X |
| Equity Futures | Upto 3X |
| Equity Options | Upto 5X |
| Currency Futures | Upto 2X |
| Currency Options | Upto 2X |
| Commodities | Upto 3X |
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Arihant Capital Research
Arihant Capital is known to furnish different types of research products spread across different segments. Different users are supposed to trade and/or invest across different segments and thus the broker through its reporting format, has segregated its products as shown:
Equity
- Company reports
- Daily reports
- Fundamental reports
- Monthly research reports
- Result Update
- Technical
- Value Plus
- Weekly
Commodity
- Daily reports
- Technical reports
- Weekly reports
Currency
- Daily reports
- Monthly reports
- Technical reports
- Weekly reports
Mutual Funds
- Fundamental reports
- Weekly reports
- Monthly reports
IPOs
- Company reports
- Fundamental reports
Fundamental Fixed Deposit Reports
Therefore, due to this precise separation, the broker has made it clear that there remains no misperception among users (traders as well as investors) in regard to the use of the most suitable research as and when needed.
In addition, Arihant Capital has also established a ‘Knowledge Center’ for its visitors to help them multiple niceties of trading and investing with dedicated modules on subjects like:
- Equity basics
- Mutual funds basics
- Technical analysis basics
- Investment webinars
The Conclusion
Arihant Capital is surely one of the oldest and most trusted names in the stock broking industry. The broker not only features competitive brokerages but also insightful research tips and tricks for its clients to help them gain more value out of their investment and efforts.
One grey area with Arihant Capital is its customer care. As it has been already mentioned, the broker’s customer care team needs to act proactively on delivering professional and value-centric customer support to the clients.
In a nutshell, it can be easily said that Arihant Capital is a nice broker due to its value-added trading products to the clients.