Kalpataru Multiplier Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Kalpataru Multiplier, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Kalpataru Multiplier is a Public company headquartered in Bhopal, Madhya Pradesh which is founded in 1992 by Ramesh Manya Jain. Kalpataru-Multiplier is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Kalpataru Multiplier work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Kalpataru Multiplier is an NSE and BSE-listed company with over Nil branches in India.

OverviewKalpataru Multiplier
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterBhopal, Madhya Pradesh
FoundersRamesh Manya Jain
Foundation Year1992
Supported ExchangesNA
Total branchesNil

Kalpataru Multiplier Account opening charges

You need to open a demat account and a trading account, to start trading with Kalpataru Multiplier. So, to open a trading account with Kalpataru Multiplier, you need to pay a fee of Rs.250. However, the trading annual maintenance charges of Kalpataru Multiplier are free. And Demat annual maintenance charges are Rs.300 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Kalpataru Multiplier is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesKalpataru Multiplier
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.15,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Kalpataru Multiplier Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Kalpataru Multiplier brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Kalpataru Multiplier This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Kalpataru Multiplier charges a brokerage fee of 0.04% per order.
  • Equity futures: The brokerage cost for equity futures is 0.04% as well.
  • Equity options: Kalpataru Multiplier charges a brokerage fee of Rs.44 per Lot for trading equity options.
  • Currency: Unleash your trading potential with Kalpataru Multiplier’s dynamic 0.04% charges.
  • Commodity: For commodity options trading, Kalpataru Multiplier charges a brokerage fee of 0.04%.

Equity Brokerage Charges

Equity Brokerage ChargesKalpataru Multiplier
Equity Delivery Brokerage0.44%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.44 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesKalpataru Multiplier
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.34 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesKalpataru Multiplier
Commodity Options Brokerage0.04%

Kalpataru Multiplier Other Charges

  • Minimum brokerage charges: At Kalpataru Multiplier, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transaction.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00275% is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Kalpataru Multiplier.
  • Call and trade charges: If you use call and trade service, the charges of Kalpataru Multiplier are NA.
Other Brokerage ChargesKalpataru Multiplier
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00275%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Kalpataru Multiplier Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Kalpataru Multiplier offers Upto 2x times leverage on equity delivery, Upto 6x times leverage on equity intraday, Upto 3x times leverage on equity futures, and Upto 5x times leverage on equity options.

Here is the leverage provided by Kalpataru Multiplier:

Equity LeverageKalpataru Multiplier
Equity DeliveryUpto 2x
Equity IntradayUpto 6x
Equity FuturesUpto 3x
Equity OptionsUpto 5x

Kalpataru Multiplier Currency Leverage

Kalpataru Multiplier also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 2x times and Currency Options Upto 6x times.

Currency LeverageKalpataru Multiplier
Currency FuturesUpto 2x
Currency OptionsUpto 6x

Kalpataru Multiplier Commodity Leverage

Kalpataru Multiplier offers Upto 5x leverage for commodity trading.

Equity LeverageKalpataru Multiplier
CommodityUpto 5x

Kalpataru Multiplier Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Kalpataru Multiplier gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

OffersKalpataru Multiplier
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Kalpataru Multiplier Features

  • Discount Broker:Kalpataru Multiplier, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transaction executed, regardless of trade category, size, or exchange. They also offer Upto 6x trading leverage.
  • Range of Investment Products: Kalpataru Multiplier is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Kalpataru Multiplier paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Kalpataru Multiplier differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Kalpataru Multiplier provides margin funding services. These can be used to make partial payments on cash segment transactions. Kalpataru Multiplier lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Kalpataru Multiplier provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Kalpataru Multiplier offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Kalpataru Multiplier is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Kalpataru Multiplier’s 0.04% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Kalpataru Multiplier provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Kalpataru Multiplier offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesKalpataru Multiplier
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)No
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionYes
Trading ExposureUpto 6x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Kalpataru Multiplier Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Kalpataru Multiplier offers research papers with the top recommendations, which are developed by industry specialists. On their website, Kalpataru Multiplier also offers annual reports, as well as daily market reviews and weekly reports.

ServicesKalpataru Multiplier
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Kalpataru Multiplier Trading Platforms

To fulfil the various needs of its consumers, the Kalpataru Multiplier trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsKalpataru Multiplier
Desktop BrowserNo

Kalpataru Multiplier Mobile App

Kalpataru Multiplier offers mobile trading through the Kalpataru Multiplier app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppKalpataru Multiplier
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Kalpataru Multiplier Customer Support

  • Online trading support: Kalpataru Multiplier can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Kalpataru Multiplier offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Kalpataru Multiplier5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportKalpataru Multiplier
Relationship ManagerNo
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches8

Kalpataru Multiplier Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 0 BSE complaints, of which 0 have been resolved, which amounts to NaN % in percentage terms. And, when it comes to NSE complaints, there are 2 of them, with 2 of them resolved, for a percentage of 100.00 %. And the percentage of BSE/NSE complaints resolved is NaN %

The table below highlights the complaints acquired by Kalpataru Multiplier.

BSE ComplaintsKalpataru Multiplier
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints2
NSE Resolved Complaints2
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %


In conclusion, Explore Kalpataru Multiplier’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Kalpataru Multiplier can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.