Navia vs Angel One: Comprehensive Product and Feature Comparison
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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DISCLAIMER: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.
