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Bajaj Finserv Securities review

Enjoy a personalised approach to investing and trading with Bajaj Finserv.

Bajaj Financial Securities Limited is a niche player in the Indian brokerage market, offering investment solutions to corporates, families and high net-worth individuals. Known for its personalised approach to investment advisory, Bajaj Finserv is committed to meeting the individual needs of its clients.

This review will cover exactly what you stand to gain as a customer of Bajaj Finserv, including the features available and price points at which they are offered.

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Stocks, ETFs, Funds, Options, Futures, Bonds, Derivatives

What you can trade?

Email, Phone

Types of support

Details

About Bajaj Finserv

Bajaj Finserv is a financial services firm that offers various investment facilities in India. It is the financial arm of Bajaj Group and is known for its expertise in capital markets and insurance solutions.

Can I trust Bajaj Finserv?

Bajaj Finserv is officially registered with the Reserve Bank of India as a Non-Banking Financial Company (NBFC). As a complete subsidiary of the Bajaj Group, Bajaj Finserv also comes with strong backing from its parent company. On top of this, Bajaj Finserv is a registered member of the National Stock Exchange of India (NSE) and BSE (formerly known as Bombay Stock Exchange), as well as a depository participant at Central Depository Services Limited and National Securities Depository Limited.

Note: Investing and trading always carry risks which you should be aware of, so read up before you start investing. Do your research and compare brokers in India before signing up with any trading platform.

What markets can I trade with Bajaj Finserv?

As a registered member of Indian stock exchanges such as the NSE and BSE, Bajaj Finserv provides you access to trade a number of financial instruments in the Indian market. Your trading options include:

  • Stocks and ETFs (cash delivery and intraday)
  • Equity derivatives (futures and options)
  • Mutual funds
  • IPOs
  • Bonds

Besides providing access to the Indian market Bajaj Finserv also offers you the opportunity to invest in US stocks in cooperation with Vested Finance, a US-registered investment advisory. You can participate in the US market and trade on exchanges like the NYSE, NASDAQ and CBOE.

Bajaj Finserv also offers other financial products and services to its clients such as fixed deposits, margin trading financing (MTF), IPO financing and loan against securities. Please visit the official website to learn more about what Bajaj Finserv has to offer.

Bajaj Finserv highlights

Here are some of the notable account features of Bajaj Finserv:

  • Mobile app. It’s easy to invest on-the-go if you’re an iOS or Android user. Mobile users are able to utilise features including real-time price alerts and customised alerts on certain stocks.
  • Multiple securities to choose from. Beyond the standard trading facilities offered by most brokers in India, Bajaj Finserv offers financing options against both securities and spreads, as well as IPO trading.
  • Dedicated relationship manager. If you ever have any queries, your relationship manager will always be on-hand to check the status of your transactions to ensure that everything is working just fine.
  • Customer support. There are multiple ways to get in touch with Bajaj Finserv – just give them a call or send them an email if you have queries to be addressed.

What are Bajaj Finserv’s fees?

Trading fees are fees linked with buying and selling financial products. These fees often include commissions, spreads and currency conversion fees.

Bajaj Finserv offers three different subscription plans, each at its own price point and with different offers on brokerage rates. The Freedom pack, for example, comes with a free yearly subscription charge for the first year and ₹431 (tax inclusive) from the second year onwards. In return, you can enjoy subsidised equity delivery at just 0.10% – compared to 0.50% per order without any subscription pack.

Without a subscription, you will be charged a portion of your order amount rather than a flat-fee and from 0.10% to 0.50% in brokerage rates. Additionally, you should expect an extra ₹20 fee if you make the order through its “Call and Trade” system.

We’d encourage you to get in touch with Bajaj Finserv’s customer support team to understand how much you could end up paying, depending on your account type and how you intend to trade. Alternatively, you can use the brokerage calculator available on its website for an estimate.

Pros and cons

Pros

  • Fast account-opening that is done completely online. Identity verification can be done online as well.
  • Take advantage of multiple financing options that allow you to grow your returns with leverage.
  • Convenient mobile platform for trading whenever and wherever you want.
  • Trade hot IPOs to get a piece of fast-growing market disruptors.

Cons

  • Relatively high brokerage fees apply.
  • Commodity trading – for example, gold, silver or copper – isn’t available.
  • No advanced charting features.
  • No APIs or script-writing to customise your investment alerts.

How do I open a Bajaj Finserv account?

Apply online by visiting Bajaj Finserv’s website and complete the application form. You will generally be asked to:

  • Provide your personal details including full name, email and income
  • Create a username and password
  • Supply proof of ID
  • Give your Permanent Account Number (PAN)
  • Complete in-person or online identity verification

As per a mandatory requirement, you’ll also have to open a demat account so that you can hold shares and securities.

Bottom line

Bajaj Finserv offers a good range of financial securities for you to trade on the go. While its fees are relatively higher than that of other brokers on the market, its specialised platforms and dedicated customer support team make this cost worthwhile. If you’re a high net-worth investor looking for new trading opportunities with the support of a dedicated account manager, then Bajaj Finserv might be the right broker for you.

Compare Bajaj Finserv Securities as an online broker

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Important information: Powered by finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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