Navia vs Angel One: Comprehensive Product and Feature Comparison
Table of Contents
Navia and Angel One are two prominent stock brokers in India. Both provide a broad range of services, but Navia’s zero brokerage model and lower MTF interest rates make it more cost-effective for frequent traders and long-term investors. Here’s an in-depth comparison of their products, features, and pricing:
1. Platforms and Technology
| Feature | Navia | Angel One |
|---|---|---|
| Web Trading Platform | Navia Web | Angel One Trade |
| Desktop Trading Platform | Navia EXE | Angel SpeedPro |
| Mobile Trading Platform | Navia App | Angel One App |
| API for Algo Trading | Navia API | Smart API |
| Algo Trading Support | Yes | Yes |
| Option Strategy Builder | Yes (Free) | Sensibull (Paid) |
| ETF Basket Investing | Yes (Ready-made and custom) | No |
Navia offers a broader range of tools and ready-made ETF baskets, making it highly flexible for both traders and investors. Additionally, the free Option Strategy Builder is a big plus for options traders.
2. Brokerage and Pricing
| Pricing Element | Navia | Angel One |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Free | ₹240/year + GST |
| Equity Delivery | Zero | ₹20 or 0.1% (whichever lower) |
| Equity Intraday | Zero | ₹20 or 0.03% (whichever lower) |
| Futures | Zero | ₹20 per executed order |
| Options | Zero | ₹20 per executed order |
| Currency Futures/Options | Zero | ₹20 per executed order |
| Commodities | Zero | ₹20 per executed order |
| Call & Trade | ₹50 per order | ₹20 per order |
| Payment Gateway – Net Banking | ₹9 + GST | Zero |
| DP Charges (Sell) | ₹30 + GST | ₹20 + GST |
Savings in Brokerage for Active Traders
Let’s consider a trader who makes:
● 100 intraday equity trades per month
● 50 futures contracts per month
● 50 options contracts per month
The total brokerage would look like this:
| Transaction Type | Navia Brokerage (₹) | Angel One Brokerage (₹) |
|---|---|---|
| Equity Intraday (100 trades) | Zero | ₹20/trade x 100 = ₹2,000 |
| Futures (50 trades) | Zero | ₹20/trade x 50 = ₹1,000 |
| Options (50 trades) | Zero | ₹20/trade x 50 = ₹1,000 |
Total Brokerage Savings with Navia per month:
🔹 Navia: ₹0
🔸 Angel One: ₹2,000 (intraday) + ₹1,000 (futures) + ₹1,000 (options) = ₹4,000/month
For an active trader, Navia could save around ₹48,000/year just on brokerage fees compared to Angel One.
3. Margin Trading Facility (MTF) – Comparison
| MTF Features | Navia | Angel One |
|---|---|---|
| Interest Rate on MTF | 14.99% | 18% |
| Pledge/Unpledge Charges | 0.02% or ₹50 (whichever lower) | ₹20 + GST |
| Collateral Accepted | Yes | Yes |
| Margin Utilization Flexibility | Yes | Yes |
MTF Savings Example
For a trader using ₹10 lakh MTF for 30 days, the interest cost would be as follows:
| Amount Used | Navia Interest (14.99%) | Angel One Interest (18%) |
|---|---|---|
| ₹10,00,000 | ₹10 lakh x 14.99%/12 = ₹12,491 | ₹10 lakh x 18%/12 = ₹15,000 |
| Savings with Navia | ₹2,509 | N/A |
Navia’s lower MTF interest rate saves traders over ₹2,500 for every ₹10 lakh borrowed for 30 days compared to Angel One. Over time, these savings can add up significantly, especially for margin users.
4. Product and Service Offerings
| Product | Navia | Angel One |
|---|---|---|
| Equity Delivery & Intraday | Yes | Yes |
| Futures and Options | Yes | Yes |
| Currency F&O | Yes | Yes |
| Commodities | Yes | Yes |
| Margin Trading Facility (MTF) | Yes | Yes |
| Mutual Funds | Yes | Yes |
| ETF Investments | Yes | Yes |
| SIP in Stocks/ETFs | Yes | No |
| Custom ETF Baskets | Yes | No |
| Ready-made ETF Baskets | Yes | No |
| API Trading | Yes (Paid) | Yes (Free) |
While both brokers offer a comprehensive suite of products, Navia provides unique services like SIP in Stocks/ETFs and custom ETF baskets, allowing investors to automate and customize their investments in a simple, effective manner.
5. Customer Support
| Support Features | Navia | Angel One |
|---|---|---|
| WhatsApp Support | Yes | Yes |
| Live Chat | Yes | No |
| 24/7/365 Chat Bot | Yes | No |
| Dedicated Relationship Manager | Yes | No |
Navia’s 24/7 live chat and chatbot services make it stand out from Angel One. Additionally, Navia offers a dedicated relationship manager service for premium users, which is not available with Angel One.
Conclusion: Why Navia Scores Over Angel One
After a detailed comparison, it is evident that Navia has multiple advantages over Angel One:
🔸 Zero Brokerage: Navia offers zero brokerage across all segments, which can save traders a significant amount of money each year compared to Angel One’s flat ₹20 per order charge.
🔸 Lower MTF Interest Rates: Navia’s 14.99% MTF interest rate is more affordable compared to Angel One’s 18%, resulting in substantial savings for traders using margin funding.
🔸 Comprehensive Product Suite: Navia’s innovative offerings such as ETF baskets, SIP in ETFs/stocks, and free Option Strategy Builder give investors and traders the tools they need to execute more efficient and profitable strategies.
🔸 Better Customer Support: With live chat, 24/7 chatbot support, and dedicated relationship managers, Navia provides a more robust customer service experience compared to Angel One.
For traders looking for a cost-effective, feature-rich platform, Navia clearly stands out with zero brokerage, lower MTF rates, and superior customer support, making it an ideal choice over Angel One for both active and long-term investors.
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