Wealthrays Wealthrays

Presently member of only Madras Stock Exchange. So technically still sub-brokers.



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Year of Incorporation 2011
Website http://www.wealthrays.com/
Phone 080-49203300
Exchanges enabled NSE, BSE
Demat (NSDL/CDSL) NSDL/CDSL through DP of Madras Stock Exchange
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Financial Health

Equity & Commodity Consolidated

Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet, watch out for the brokerages with and

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Profit after Tax FY11/12 NA
Profit after Tax FY12/13 Rs 3.1 Lakhs
Profit after Tax FY13/14 - Rs 1.07 Lakhs
Profit after Tax FY 14/15 Rs 73.6 Lakhs
Profit after Tax FY 15/16
Debt FY11/12 Nil
Debt FY12/13 Rs 7.7 Lakhs
Debt FY13/14 Rs 6.2 Lakhs
Debt FY14/15 Rs. 20.3 Lakhs
Debt FY15/16
Profit to Equity(%) FY11/12 NA
Profit to Equity(%) FY12/13 4.8
Profit to Equity(%) FY13/14 (2.48)
Profit to Equity(%) FY14/15 57
Profit to Equity(%) FY15/16
Balance Sheet Size FY11/12 NA
Balance Sheet Size FY12/13 Rs 2.18 Crores
Balance Sheet Size FY13/14 Rs 1.45 Crores
Balance Sheet Size FY14/15 Rs 26.4 Crores
Balance Sheet Size FY15/16
Online Presence
Online Presence

Google trend over time

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Active clients

Active clients data source: NSE, as on end of every calendar year. Active client is one who has traded atleast once a year. Brokers whose active clients are trending up, would mean happy clients and hence better to trade with.

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Active clients - 2013 NA
Active clients - 2014 NA
Active clients - 2015 NA
Active clients - 2016 NA
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Brokerage

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Equity Rs 14 per executed order or 0.01%/0.1% whichever is lower
Equity Futures Rs 14 per executed order or 0.01% whichever is lower
Equity Options Rs 14 per executed order or 0.01% whichever is lower
Currency Futures Rs 14 per executed order or 0.01% whichever is lower
Currency Options Rs 14 per executed order or 0.01% whichever is lower
Commodity NA
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Account Opening Costs

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Trading only Rs 333
Trading & Demat Rs 777
Commodity NA
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Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

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Equity 0.00575% for intraday - 0.00825% for delivery
Futures 0.0045% of turnover
Options 0.1% of premium turnover
Commodities NA
AMC charge Rs 400/year
DP Transaction Charge 0.05% of debit transaction (minimum: Rs 35)
Offline order placing Charge Rs 18 per order
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Platforms

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Software
Web/HTML 5
Mobile
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Charting

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Intraday 5 days
End of Day 3 years
Coding/Backtesting
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Reporting

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Online Trade Reports  
Online PNL Reports  
Online Contract Notes  
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Margins

Leverage Provided

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Equity Upto 8 times for intraday and 0 for delivery
Equity Futures Upto 2 times intraday leverage
Equity Options Buying no leverage, Shorting upto 2 times for intraday leverage
Currency Futures Upto 2 times intraday leverage
Currency Options Buying no leverage, Shorting upto 2 times for intraday leverage
Commodity NA
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Support & Tools

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Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
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Convenience

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3 in 1 Account
Instant Fund withdrawal
Relationship Managers

Reviews on Wealthrays

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NEWS ON WEALTHRAYS

A place to call home for UAE-based NRIs - The National

27 March 2015

Sakthi Prakaash, the lead research analyst at WealthRays Securities, a broker and research firm in Bangalore, says that currency issues are "one of the most important criteria NRIs should look into before they buy properties in India". But investors ...

India's economy on the rise as oil price drops - The National

24 January 2015

"India, which is one of the biggest importers of crude oil in the world, is one of the biggest beneficiaries of the fall in crude oil prices," says Sakthi Prakaash, the lead research analyst at WealthRays Securities, a broking, research, and corporate ...and more »

India's economy rides the Modi bandwagon - The National

10 January 2015

Kiran Kumar Kavikondala, the director and chief executive of WealthRays Securities, points out that a rebound in oil prices would be negative for the country's current account deficit. Gold is other major cost to India in terms of imports, with the ...and more »

Top ten midcap stocks which more than doubled investors' wealth in 2014 - Economic Times

26 December 2014

... providing over 50% returns. Due to this massive rally valuations of these mid-caps companies have risen considerable and comparatively becoming costlier than large cap companies," says Kiran Kumar Kavikondala, Director & CEO, WealthRays Securities.

Top ten high value stocks; should investors buy, sell or hold? - Economic Times

03 December 2014

Auto ancillary is expected to show strong growth going forward and much of this has been factored in the stock price already," says Kiran Kumar Kavikondala, Director & CEO, WealthRays. Securities. "Currently MRF's P/E is seen at 18.55, which is higher ...and more »

Make children's corpus inflation-proof - Business Standard

16 November 2014

Mumbai-based Rachel and Ajit Shenoy have invested in a child growth insurance plan for their daughter, Akaisha, 6. The payouts will happen when Akaisha is 18 and 21 years. This money will be used for her education. She also her own savings account, ...