Jainam Broking Services Review
In-depth Review of Jainam: Trading Platforms, Brokerage, and Investor Services.
Open Account with Jainam1. Broker Overview
Full Name: Jainam Broking Limited
Group: Jainam Group
Year of Establishment: 2003 (Jainam Share Consultants Pvt. Ltd.)
Type: Full-Service Broker (with discount brokerage plans)
Headquarters: Surat, Gujarat
SEBI Stock Broker Reg. No: INZ000198735
DP (CDSL) SEBI Reg. No: IN-DP-CDSL-223-2016 (DP ID: 041500)
SEBI Research Analyst Reg. No: INH000006448
SEBI Portfolio Manager Reg. No: INP000006785
AMFI Reg. No: ARN-39208
Website: jainam.in
2. Investment Products Offered
Core Investment Products:
- Equity (Stocks – Delivery, Intraday on NSE, BSE, MCX, NCDEX)
- Equity Derivatives (Futures & Options)
- Currency Derivatives (Futures & Options)
- Commodity Derivatives (Futures & Options – MCX, NCDEX)
- Mutual Funds (Variety of schemes, SIPs)
- Initial Public Offerings (IPOs) & OFS
- Exchange-Traded Funds (ETFs)
- Debt Instruments (Government Securities, Corporate Bonds, NCDs)
- Sovereign Gold Bonds (SGBs)
- Insurance
- Loans (Loan Against Shares)
International Investing (U.S. Stocks):
Jainam Broking Limited does not currently offer direct investment in U.S. stocks. However, Indian residents can invest in U.S. stocks under the Liberalised Remittance Scheme (LRS), with a limit of $250,000 per financial year. Investors can gain exposure to international markets through mutual funds that focus on U.S. equities available through their platform.
Portfolio Management Services (PMS):
Jainam Broking Limited offers Portfolio Management Services for high-net-worth individuals:
- Customized investment portfolios tailored to individual risk profiles and financial goals.
- Professional management by dedicated portfolio managers.
- Diversification across equities, fixed income, and structured products.
- Commitment to transparent fee structures and regular performance reporting.
Suitable for investors seeking a hands-off approach with professional oversight.
3. Overall Ratings & Breakdown
4. Account Opening & AMC
Account Opening Charges
Online (DIY):₹0 (Free)
Offline (Individual/Minor/HUF):₹500 + GST
Offline (NRI/NRO/Corporate):₹1,000 + GST
Annual Maintenance Charges (AMC)
All Account Types:₹0 (Zero AMC)
Account Opening Process:Fully online (eKYC) process. Offline and branch support also available.
Required Documents:PAN Card, Aadhaar Card (linked with mobile), Bank Proof, Signature, Income Proof (for F&O).
5. Brokerage Charges
Jainam offers different brokerage plans. Below are details for their DIY and Premium plans. **Customized plans are also available upon request.**
DIY Plan
| Segment | Brokerage Charge |
|---|---|
| Equity Delivery | ₹18 per order |
| Equity Intraday | ₹18 per order |
| Equity Futures | ₹18 per order |
| Equity Options | ₹18 per order |
Premium Plan
| Segment | Brokerage Charge |
|---|---|
| Equity Delivery | 0.3% of trade value |
| Equity Intraday | 0.03% of trade value |
| Equity Futures | 0.03% of trade value |
| Equity Options | ₹30 per lot |
Important: Always confirm the specific brokerage plan and its charges with Jainam Broking before trading. Statutory charges (STT, GST, etc.) will apply over and above brokerage.
6. Other Charges & Taxes
Demat Transaction Charges
| Service | Charge |
|---|---|
| On-Market Transactions (Sell from Demat) | ₹25 per request + GST |
| Off-Market Transactions | ₹25 per scrip + GST |
| Margin Pledge/Unpledge Charges | ₹5 per scrip + GST |
Regulatory & Government Charges
Securities Transaction Tax (STT)
| Segment | STT Rate |
|---|---|
| Equity Delivery | 0.1% on buy & sell |
| Equity Intraday | 0.025% on sell side |
| Equity Futures | 0.01% on sell side |
| Equity Options | 0.05% on sell side (on premium) |
Stamp Duty (Gujarat Specific Rates – Varies by State)
| Segment | Stamp Duty Rate (Buy Side) |
|---|---|
| Equity Delivery | 0.015% |
| Equity Intraday | 0.003% |
| Equity Futures | 0.002% |
| Equity Options | 0.003% |
Note: Stamp duty rates vary by state. The above are indicative.
Exchange Transaction Charges
| Segment | Exchange | Transaction Charge Rate |
|---|---|---|
| Equity Delivery & Intraday | NSE | 0.00297% |
| Equity Delivery & Intraday | BSE | 0.00345% |
| Equity Futures | NSE | 0.0017% |
| Equity Futures | BSE | 0.0019% |
| Equity Options | NSE | 0.04% |
| Equity Options | BSE | 0.0325% |
SEBI Turnover Fees
₹10 per crore (0.0001%) of turnover for all segments.
Investor Protection Fund (IPF) Charges
| Segment | Exchange | IPF Charge Rate |
|---|---|---|
| Equity Delivery & Intraday | NSE/BSE | 0.0001% |
| Equity Futures & Options | NSE/BSE | 0.0005% |
Clearing Charges
| Segment | Clearing Charge Rate (Buy & Sell) |
|---|---|
| Equity Futures | 0.00045% |
| Equity Options | 0.003% |
Goods and Services Tax (GST)
18% on brokerage, transaction charges, SEBI fees, and other applicable charges.
Additional Charges
| Service | Charge |
|---|---|
| Call & Trade Charges | ₹70 per order + ₹18 brokerage + GST |
| Auto Square-Off Charges | ₹70 per order + ₹18 brokerage + GST |
| Margin Trading Facility (MTF) Interest | 18% p.a. or 0.049% per day (exclusive of GST) |
Disclaimer on Charges: All charges are exclusive of GST and other statutory levies. These are indicative and may vary. For the most accurate and up-to-date information, please refer to Jainam Broking’s official Pricing Page: Jainam Pricing.
7. Margin & Leverage
Intraday (Equity):Up to 5x (Stock & SEBI specific).
F&O (All Segments):As per Exchange (SPAN + Exposure).
Delivery (Equity – MTF):MTF facility available with interest charges (e.g., 18% p.a.).
Against Pledged Shares:Yes, available post haircut.
8. Trading Platforms
Web:Jainam Web Pro / Client Desk (Often powered by technologies like NSE Now, ODIN, or in-house solutions)
Mobile:JAINAM App (Android & iOS) / Jainam eTrade
Desktop:Jainam Diet ODIN (Downloadable Terminal) or other EXE-based platforms.
Notable Features:
- Multiple platform options catering to different trader needs.
- Advanced charting tools (often with TradingView library integration).
- Guest Login or Platform Demo may be available.
- Real-time market data, scanners, and analytical tools.
- Portfolio tracking and reporting features.
- Advanced order types like GTT, Basket orders. [Verify specific availability]
9. Tools, Features & Advisory
Charting:Advanced charting tools, often with TradingView library integration.
Option Chain:Available with Greeks and Open Interest (OI) data.
Strategy Builder:Tools for building and analyzing options strategies. [Verify specific tools].
API Access:May offer API for algo trading. [Verify availability and charges].
Order Types:Market, Limit, SL, GTT (Good Till Triggered), AMO (After Market Orders), Basket Orders, Cover Orders, etc.
Research & Advisory:
Jainam Broking provides research services including:
- Fundamental and Technical research reports.
- Stock recommendations and trading calls.
- Market outlook and analysis.
- Dedicated Relationship Manager support for advisory (may depend on plan/AUM).
10. Extra Features & Value Adds
Competitive Brokerage:Known for affordable brokerage plans, including flat-fee (DIY plan) and percentage-based (Premium plan) options.
Strong Regional Presence:Well-established in Gujarat with an expanding network.
Educational Initiatives (“Pathshala”):Actively involved in investor education through webinars, seminars, and provides educational content.
Personalized Support:Focus on customer service with options for Relationship Manager support.
Technology Adoption:Continuously upgrading trading platforms and tools to enhance user experience.
Referral Programs:Attractive refer and earn schemes often available.
Diverse Product Suite:Offers a comprehensive range of financial products beyond just broking.
11. Pledge Facility
Pledging Allowed?Yes
Margin Pledge/Unpledge Charges:₹5 per scrip + GST. Refer to Section 6 for details.
Margin Availability Time:Usually T+1 day. [Verify specific timings with Jainam].
12. Fund Transfer & Withdrawal
Supported Fund Transfer Methods:Net Banking, UPI, NEFT/RTGS/IMPS. Integration with multiple banks.
Withdrawal Process & Time:
Online process. Standard withdrawal typically processed within 24 working hours.
Fund Transfer/Withdrawal Charges:Usually free for UPI and standard net banking transfers. [Verify NEFT/RTGS charges if any].
13. Customer Support
Support Channels:
- Email: [e.g., care@jainam.biz or customercare@jainam.in – Verify]
- Phone Support: [e.g., +91 261 6725555 or other current numbers]
- Live Chat on Website/App
- Branch Support (Especially strong in Gujarat and expanding regions)
- Dedicated Relationship Manager (may be plan-dependent)
- WhatsApp Support
- Comprehensive FAQ & Help Section on website
Support Timings:Standard business hours. [Verify for extended support options].
Turnaround Time (TAT):Generally good, especially with direct branch or RM contact. Online support TAT can vary.
14. JAINAM BROKING LIMITED – COMPLAINT DATA (FY 2024–25)
NSE (National Stock Exchange)
Total Complaints Received: 32
Complaints Resolved: 29
Pending Complaints: 3
BSE (Bombay Stock Exchange)
Total Complaints Received: 37
Complaints Resolved: 36
Pending Complaints: 1
Source: Jainam Broking Ltd. Investor Complaints Report – March 2025.
Complaint data is dynamic. It’s advisable to compare these numbers with the broker’s active client base for a better perspective (Active Client data not provided by source).
Complaint data is dynamic. It’s advisable to compare these numbers with the broker’s active client base for a better perspective (Active Client data not provided by source).
15. Why Choose Jainam Broking? (And Why It Might Not Be For You)
Reasons to Use Jainam (Pros)
- Highly Competitive Brokerage: Offers very affordable plans like the DIY plan at ₹18/order and Zero AMC.
- Strong Regional Presence: Well-established in Gujarat with an expanding network.
- Focus on Technology: Provides multiple trading platforms with modern features.
- Customer-Centric Approach: Known for good customer service and personalized support.
- Educational Resources (“Pathshala”): Actively involved in investor education.
- Wide Range of Products: Offers a comprehensive suite of financial products including PMS.
- Fast Account Opening: Quick and easy online eKYC process.
Reasons to Reconsider Jainam (Cons)
- Brand Recognition: May not have the nationwide brand recall of older, larger brokers (though growing fast).
- Platform Polish: While functional, platforms might lack the extreme polish of top-tier discount brokers for some advanced users.
- Advisory Services: Research quality and depth on the DIY plan might be limited compared to the Premium plan or large bank-based brokers.
- No Direct U.S. Stock Investing: Only available via MFs under LRS.
- National Branch Network: While expanding, physical presence outside their core region might be less extensive.
- Call & Trade charges are relatively high.
16. Current Offers & Referral Program
Account Opening Offers:Often provides free online account opening and Zero AMC. Check for specific promotions on offline account opening. [Check Jainam’s official website for current offers].
Refer & Earn:Yes, Jainam typically has an active referral program with good incentives. [Verify details and current benefits on their website].
Promo Code:May be available during specific marketing campaigns or for students/specific groups.
Important: Offers and promotions are dynamic and subject to change. Always verify the latest details on Jainam’s official website or by contacting them.