MNM

MNM Stock Broking Pvt Ltd (operating as MNM Shares) is an Indian stockbroking firm headquartered in Ahmedabad, Gujarat. It was founded on 10 July 2019 and provides trading and depository services for Indian financial markets. The company's registered address is 101 – 102, J.P.

Complex, Opp. C.N. Vidhyalaya, Nr.

Ambawadi circle, Ambawadi, Ahmedabad-380015.

The broker's website describes it as a new age financial services company offering services in equity, derivatives, currency derivatives, and commodity markets. It also provides depository services as a CDSL participant. MNM serves as both a trading member and depository participant, allowing clients to manage their investments under one roof.

According to information on its website, MNM is registered with the Securities and Exchange Board of India (SEBI) as a stockbroker under registration number INZ000001933 and as a depository participant with CDSL under IN-DP-75-2015. The company also lists its trading member IDs for BSE (6579) and NSE (90080). However, FXCanary's own records do not include any regulatory information, and the broker is not listed on our registered regulators file.

Traders should independently verify the broker's regulatory status with SEBI and other relevant authorities before engaging. The absence of regulatory details in our database creates a discrepancy that warrants caution, although the website provides SEBI registration numbers.

MNM offers multiple trading options for equities, including delivery trading, intraday (day trading), and BTST (Buy Today Sell Tomorrow). For derivatives, the broker covers futures and options (F&O) on equity indices, stocks, currency, and commodities (NCDEX and MCX). The company also provides internet trading platforms such as NSE NOW and BSE STRT MF, as well as mutual fund distribution.

Depository services include demat account opening and maintenance, with features like automated pay-in, quarterly statements, and online access. The broker does not appear to offer retail forex or CFD trading for international markets, focusing instead on Indian exchange-traded products.

The broker is primarily targeted at Indian residents who wish to trade in Indian stock markets, derivatives, and commodities. Its services are designed for both active traders and long-term investors. The website emphasizes investor education and well-being, offering training programs and research tools.

MNM is not likely suitable for international clients or traders seeking forex/CFD products. The broker's operations are confined to regulated Indian exchanges, and all transactions are in Indian rupees.

MNM provides its clients with access to NSE NOW, a popular trading platform for NSE-listed securities, and BSE STRT MF for mutual fund investments. The back office login and demat closure facility are also available online. The broker does not mention a proprietary mobile app but appears to rely on third-party platforms.

Additional tools include research reports and advisory services, though specific details on charting or analysis tools are not provided. The company's website lists contact information for support, including phone and email, as well as a compliance officer.

The broker's corporate office and registered office are located in Ahmedabad, with a branch office in Mumbai. Customer support is available via phone at 079 26464676 and email at info@mnmshares.com. Dedicated compliance and complaint channels are also provided, with compliance officer Nilesh Modi reachable at compliance@mnmshares.com.

Social media presence includes Facebook, Instagram, LinkedIn, and Twitter/X, though activity levels are not confirmed. The website includes an investor charter and complaint list, indicating a structured grievance handling process.