Want to know Zerodha vs Sharekhan which is better? Well you have landed on the right article . Dear Traders, Investors, and Newcomers! If you're looking for broker comparison, you've come to the right spot.
Traders may quickly evaluate and grasp all the minute features of the Broker company, such as their Brokerage Charges, packages and prices, goods and services, types of Trading systems, Advantages and Disadvantages, and so on.
These comparisons and differences between brokers will help you choose the most suitable trading and investment broker for your needs.
Zerodha VS Sharekhan: A Detailed Comparison (2022 Updated)
Overview of Zerodha
Zerodha is the largest brokerage in India. It is the largest and most popular broker, giving an online fixed fee bargain trading platform to invest in equity, currency, commodities, IPOs, and direct mutual funds for a flat price.
For stock delivery transactions and direct mutual funds, Zerodha charges no brokerage. It charges a fee of Rs 20 or 0.03 percent (whichever is lesser) for every daily and Futures and options trade.
The highest brokerage you may pay with Zerodha for any transaction is Rs 25 for purchase (of any size, amount or segment). At the moment, Zerodha is the greatest stockbroker.
They have the best online trading platform, the lowest brokerage price, and the most transparent stockbroker. Continuous advancements have propelled them to the top of the list of India's fastest-growing fintech firms.
Overview of Sharekhan
Having a million clients, Sharekhan is the fifth largest retail financial brokerage business and the eighth largest stockbroker in India. Sharekhan was a forerunner in internet markets in India.
Stocks brokerage, fund manager administration, loans on stocks, ESOP financing, IPO financing, and wealth management are among the financial goods and services it provides.
Sharekhan has enjoyed tremendous expansion over the last decade or so, thanks to its highly successful e - commerce entity and a network of franchisees in practically every corner of India. Sharekhan has a foothold in the United Arab Emirates and Oman.
Sharekhan.com is the best stock investment platform in India. The well-designed website offers a large selection of investing alternatives, share market news, research papers, stock quotations, fundamental and statistical data on equities, mutual funds, and IPOs, among other things.
The new Sharekhan Application is user-friendly and this has been built with the needs of users in consideration. Including its modern design, it also has a plethora of options for both traders and investors. You may now simply start trades, keep a record of your shares, and maintain your account all in one spot.
Sharekhan's services include trading in the stock, F&O, and commodities, as well as investing in IPOs, Mutual Funds, Insurance, Bonds, and NCDs. The company also offers Sharekhan Demat Accounts and is a financial intermediary with NSD and CDS.
The distinction between a full-service brokerage and a discount brokerage is that while a full-service broker offers hand-holding (stock buy/sell suggestions, equity analysis, educational programs, and reports) and assistance (from over the phone, allotment of a Consultant), which is why they demand more for brokerage.
Zerodha and Sharekhan are compared in the table below.
Sharekhan Charges Vs Zerodha
Account opening charges:
To trade on Zerodha, you must first establish a trading and a Demat account. Zerodha provides its consumers with the option of creating an online or offline account. If your Aadhar Card is connected to your current phone number, you can register a Zerodha account online right away.
If not, you may be required to complete a printed form and mail it to the Zerodha office. To trade in stocks, commodities, or currencies, you must first open a trading account with Sharekhan.
If you intend to invest in equities (keep the shares you purchase for a few days or months), you must also register a Sharekhan Demat account. The process of creating an account with Sharekhan is the simplest in the business.
They have local offices (branch, sub-brokers, and franchisees) near the majority of their prospectus consumers in India.
Sharekhan | Zerodha | |
Charges for opening a trading account | Rs. 0 | Rs. 200 |
The AMC for Trading Accounts | Free | Free |
Fees associated with opening a DMAT account | Free | Free |
AMC Charges for Demat Accounts | Rs. 400 | Rs. 300 |
Brokerage Charges
A brokerage fee is charged or a commission charged by a broker for assistance in completing or providing specialized services on behalf of its customers. Brokers charge charges such as purchasing, selling, consulting, negotiating, and delivering.
Brokerage fees are often imposed in a variety of businesses, including financial products, healthcare, property investment, and delivery services, among others.
Full-service brokerage provides a wide variety of products and services throughout or over the telephone, such as wealth management, tax consulting and administration, and other banking sectors. As a result, they receive the highest brokerage commissions.
Today's usual commission for full-service brokers is from 1% to 2% of a customer's managed funds. Discount brokers offer cheaper rates than full-service brokers because they offer a smaller array of items and do not give investment advice.
Each trading operation is charged a fixed cost by discount brokers. The flat charge per trade ranges from less than Rs500 to more than Rs. 2800. Account maintenance costs are typically around 0.5 percent per year, based on the number of assets held.
Equity Delivery | 0.50% | free |
Equity Intraday | 0.10% | Rs 20 per executed order or .03% whichever is lower |
Equity Futures | 0.10% | Rs 20 per executed order or .03% whichever is lower |
Equity Options | Rs 50 per lot | Rs 20 per executed order |
Currency Futures | 0.10% | Rs 20 per executed order or .03% whichever is lower |
Currency Options | Rs. 30 per lot | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures | 0.03% | Rs 20 per executed order or .03% whichever is lower |
Commodity Options | 0.03% | Rs 20 per executed order or .03% whichever is lower |
Transaction charges
A per-transaction charge is an expenditure incurred by a company each time an online wallet for a client activity is processed. Per-transaction costs vary by the service provider but generally cost businesses between 0.5 and 5 percent of the trading volume, plus some set fees.
In addition, businesses open a merchant account with the acceptor, which acts as the trader's principal bank account for proceeds from each purchase.
A merchant who gets a high volume of electronic payments will rely largely on the merchant purchasing bank, making the conditions of the business account agreement critical.
The key components of a complete per-transaction charge are acquirer and processor fees. Additional charges for a business may also exist in specific instances.
A terminal fee, which is a per-transaction fee payable to a terminal operator for the use of a terminal in an online credit card transaction, is one additional expense retailers may face.
Due to per-transaction costs, some retailers demand a minimum amount that consumers must pay in order to pay with a credit or debit card.
Equity Delivery | NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) | NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
Equity Intraday | NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) | NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
Equity Future | NSE ₹190 per Cr (0.0019%) | BSE ₹50 per Cr (0.00035) (each side) | NSE ₹190 per Cr (0.0019%) |
Equity Options | NSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium) | NSE ₹5000 per Cr (0.05%) (on premium) |
Currency Futures | NSE ₹135 per Cr (0.00135%) | MCX ₹130 per Cr (0.00130%) | NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) |
Currency Options | NSE ₹4220 per Cr (0.04220%) | MCX ₹3220 per Cr (0.03220%) (on premium) | NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) |
Commodity | MCX (Non-Agri) ₹230 per Cr (0.0023%) | MCX (Agri) ₹95 per Cr (0.00095%) | Group A - ₹260 per Cr (0.0026%) |
Other statutory charges
When you enter a sale (in any sector), you will be billed taxes in addition to the brokerage fee, as per government regulations.
The following are the taxes/charges:
- Securities/commodities transaction tax (STT): A tax levied by the government on trading activities. When trading equities delivery, the following fees are charged on both the buy and sell sides. When trading hourly or on futures contracts, you will only be charged on the selling end.
- Exchange transaction charges: A transaction charge is a fee levied by an agency (BSE, NSE, MCX) for the use of its service. This is the most expensive aspect of investing with inexpensive brokerages.
The service charge is the sum of two costs. Exchange Turnover Fees + Clearing Fees = Transaction Fee - Goods & services tax (GST): some percent on brokerage + transaction charges
- SEBI charges: SEBI, Securities and Exchange Board of India, the Indian securities industry's supervisor, levies a commission for all sales and purchases of instruments other than debt instruments. This is taxed at a rate of Rs 5 per crore.
- Stamp Duty: Stamp duty on trading activities is a levy applied by state governments in India on documents. Examine the Stamp Duty Rates.
Minimum Brokerage | Intraday: 5 paisa per share Delivery: 10 paisa per share Future ₹0.001 per share | 0.03% in Intraday and F&O |
Call & Trade | Rs 20 | ₹50 per executed order |
Stamp Duty | Charges as per the state of residence | Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002% |
DP Charges (on sell side) | Rs 0 | ₹13.5 per scrip |
Other Miscellaneous Charges | - | Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
Zerodha vs Sharekhan on Service
A Demat Account or Dematerialised Account allows investors to keep shares and assets in digital form. Equities are purchased and stored in a Demat Account while online sales make it easier for customers to trade.
A Demat Account consolidates a user's interests in stocks, sovereign bonds, exchange-traded funds, bonds, and alternative investments. Demat facilitated the digitalization of the Indian stock trading industry and compelled SEBI to improve oversight.
Furthermore, by holding stocks in electronic format, the Demat account minimised the hazards of storage, theft, damage, and malpractices. NSE originally presented it in 1996.
Initially, the internet banking procedure was manual, and investors had to wait a few days for it to be authorized. In today's world, a Demat account may be opened digitally in less than 5 minutes.
The end-to-end digital method has aided in the spread of Demat, which has soared since the outbreak. A Robo adviser is a web-based platform that provides automated investment management advice or a tailored portfolio based on your investment plan and one or more asset classes at a considerably lower cost than conventional advisers.
The most basic version of this service just provides a digital portal via which investors may obtain an automated portfolio suggestion generated by automatically managed funds.
Zerodha | Sharekhan | |
Demat Services | Yes | yes |
Trading Services | yes | yes |
3 in 1 Acount | no | no |
Intraday Services | yes | yes |
IPO Services | yes | yes |
Stock Recommendations | no | yes |
Robo Advisory | no | yes |
PMS | yes | yes |
Trading Institution | no | yes |
Trading Exposure | <,= 5x | <,= 5x |
Sharekhan Vs Zerodha Leverage/Margin
Leverage is the one we all employ at some time in our lives. We don't consider it in the manner that it should be considered. We fail to see beyond the statistics and hence fail to comprehend the core of leverage.
In futures trading, leverage is quite important. We can deposit a modest supply of cash and get exposure to a single deposit by using profits. The margin levied is often a percentage of the contract sum.
The more the leverage, the greater the danger and the greater the profit potential.
Leverage is simple to calculate: Leverage = [Contract Value/Margin].
Exposure / Leverage | Zerodha | Sharekhan |
Equity Delivery | 1x | 1x |
Equity Intraday | Upto 5x | Upto 5x |
Equity Futures | 1x | 1x |
Equity Options | 1x | 1x |
Currency Futures | 1x | 1x |
Currency Options | 1x | 1x |
Commodities | 1x | 1x |
Zerodha vs Sharekhan Product Comparison
Sharekhan | Zerodha | |
Delivery Based Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Call in Trade | Yes | Yes |
Trading in Both the exchanges | Yes | Yes |
Limit Order | Yes | Yes |
3-in-1 On-line Trading Account | No | No |
NRI Services | Yes | Yes |
SMS Alerts | Yes | No |
Offers Multiple Plan | Yes | No |
IPO Investment | Yes | No |
Portfolio Analysis | Yes | Yes |
Advanced Charting Features * | Yes | Yes |
Brokerage Calculator | No | Yes |
Margin Calculator | No | Yes |
Stop Loss Order | Yes | Yes |
Bracket Orders & Trailing Stop Loss | Yes | Yes |
Equity Future & Option Trading | Yes | Yes |
Currency Future & Option Trading | Yes | Yes |
Market Trading | Yes | Yes |
Monthly & Yearly Plan | No | No |
Automated Trading | No | No |
Sharekhan and Zerodha Features
Sharekhan | Zerodha | |
Trading Platform | TradeTiger Terminal, Sharekhan Website and Mobile App | Pi, Kite, NEST |
Placing orders through charts | Yes | Yes |
Trading Alerts | Yes | Yes |
Research and Advice / Trading Tips | Yes | No |
Detailed Education Initiatives | Yes | Yes |
Unique features & Offers | Pattern finder, Classroom training | Direct MFs, APIs |
Referral Program | Yes | Yes |
Margin Against Shares (Equity Cash) | Yes | Yes |
Margin Against Shares (Equity F&O) | Yes | Yes |
Sharekhan Vs Zerodha Review
Zerodha | Sharekhan | |
Fees Ratings | 4/5 | 3.6/5 |
Trading Platform Usability | 3.7/5 | 3/5 |
Trading Brokerage Rating | 4.5/5 | 4/5 |
Overall Ratings | 4/5 | 3.8/5 |
Broker Rating | 3.9/5 | 3.6/5 |
Sharekhan Vs Zerodha Investment Options
Investment Offerings Compare | Zerodha | Sharekhan |
Equity Cash and F&O | yes | yes |
Currency Derivatives | yes | yes |
Commodity | yes | yes |
Online IPO Application | yes | NA |
Mutual Funds | yes | Yes |
Bond / NCD | yes | Yes |
ETF | yes | Yes |
Banking | NA | NA |
Insurance | NA | Yes |
Forex | NA | NA |
MF SIP Investment | YES | Yes |
Equity SIP Investment | NA | NA |
PMS Service | NA | Yes |
Other Investment Options | NIL | NIL |
Sharekhan Vs Zerodha Research Report
Sharekhan | Zerodha | |
Equity Trading Recommendation | Yes | No |
Equity Investment Recommendation | Yes | No |
Recommendation basis risk Profile | Yes | No |
Comparison | Yes | No |
Free Tips | Yes | No |
Daily Market report | Yes | No |
ETF research | Yes | No |
Quarterly Results | Yes | No |
Customer Service Offered
Customer Service Compare | Zerodha | Sharekhan |
24/7 Customer Service | NA | NA |
Email Support | Yes | Yes |
Onine Live Chat | NA | Available |
Phone Support | Yes | Yes |
Toll Free Number | NA | Available |
Through Branches | Yes | yes |
Customer Care Number | "+ 91 80 4040 2020" | 1800227500 |
Account Opening Process | Online/Paperless | Offline |
Customer Support Email | ||
Knowledge Center/Education | https://support.zerodha.com/ | https://www.sharekhan.com/help/hello |
Headquarter Address | Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 | Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai-MH– 400042 |
Website | https://zerodha.com/ | https://www.sharekhan.com |
Zerodha vs Sharekhan Trading Platform Comparison
Trading Platforms | Zerodha | Sharekhan |
Desktop Platform – Windows | yes | yes |
Desktop Platform – Mac | yes | yes |
Desktop Browser Platform | yes | yes |
Mobile Site Platform | yes | no |
Android App Platform | yes | yes |
iOS App Platform | yes | yes |
Windows App Platform | no | no |
Other Mobile OS Platform | no | no |
Real time Updates | yes | yes |
Portfolio Details | yes | yes |
Online MF Buy | yes | yes |
News Flash | yes | yes |
Research Reports | yes | yes |
Easy Installation | yes | yes |
Global Indices | yes | yes |
Stock Tips | yes | yes |
Personalized Advisory | yes | yes |
Interactive Charts | yes | yes |
Live Markets | yes | yes |
SMS Alerts | yes | yes |
Email Alerts | yes | yes |
Multi Account Management | yes | yes |
Zerodha Pros and Cons
Zerodha has cheap costs and even allows for free equity distribution trading. The internet and digital trading interfaces are simple to use and attractively designed. There are several strong research tools available.
The internet banking process is slow and not entirely digital. The product offering encompasses just the Indian market. Investor protection is not available at Zerodha.
Pros:
There are no fees for supply trades.
There is no minimum spend requirement to start or manage the account.
Brokerages are charged regardless of transaction volume.
Cons:
In comparison to other bargain brokers, the margins supplied are modest.
During trading sessions, there are significant disruptions and failures.
The margin for CO and BO trades is not disclosed upfront.
Sharekhan Pros and Cons
The mobile trading interface at Sharekhan is simple to use and well-equipped. The company provides quality information to help you make trading selections, and its customer service responds quickly and effectively.
Sharekhan, on the other hand, only provides access to Indian markets, and it's stock and FX costs, while not outrageous, are not very competitive in this market.
Among other disadvantages, you may only deposit and withdraw funds by bank transfer.
Pros:
Extensive choice of investing services
3200 outlets are spread over India.
Products such as Insta MF, Investment Cart, and NEO are available.
Cons:
Brokerages at a high level
There are too many trading calls and research advisory
Advantages of sharekhan:
Free cell phone calls and trades are available.
A massive branch and affiliate system
The website is user-friendly, and the trading desk is simple to use.
Accredited with both the BSE and the NSE.
Gives you the option to trade commodities.
Fixed deposits can be used as security for futures and options trading.
For DP purchases, Sharekhan doesn't really impose a fee.
Sharekhan gives investors internet and classroom education, seminars, and workshops.
There are no fees for digital banking transfers.
Intermediaries are available for hire.
Disadvantages of Sharekhan:
Only two-in-one accounts are available.
Sharekhan levies a hefty brokerage fee.
A minimum brokerage of 10 paise is paid per share.
Trading is not permitted after trading sessions.
Commodity cannot be traded by traditional account holders.
Advantages of Zerodha:
There is no commission on equity deliveries and mutual funds.
Stock trading is charged at a flat cost.
Provide your own DP services.
Excellent customer service.
Excellent Brokerage and Margin Calculator.
On intraday trading, it provides up to 20x leverage.
Provides the most modern online deals specifically.
Provides the option to apply for an IPO online.
Customers of Zerodha can participate in a referral program.
Disadvantages of Zerodha:
There is no buffer money.
Call and trade expenses are quite high at $50 per call.
Charges for Fund Transfers are $9 per transfer.
Fees for SMS Trade notifications.
1Rs. for equity, foreign exchange, and currency trade notifications, and 0.50 rs. for trade exchange alerts
For MIS/BO/CO situations that are not squared off by the client, there is an extra charge of $50 per completed order.
It does not give stock advice, scientific papers, or stock advice.
It does not provide Endless Trading Plans.
Which is good?
Both brokers are SEBI-registered and provide investments in equity, foreign exchange, currency, and markets. Zerodha charges a maximum of Rs 21 per trade, whereas Sharekhan charges between 0.2 and 0.6 percent.
Sharekhan is a Full Service Broker, whereas Zerodha is a Discount Broker.
In comparison to Sharekhan, Zerodha has a better overall score. Zerodha has a rating of 4.5 out of 5, whilst Sharekhan has a rating of just 4.2 out of 5. Sharekhan has 61,25,678 active customers, whereas Zerodha has 7,75,456 active customers.
In comparison to Zerodha, Sharekhan serves a greater number of customers. I hope you liked our article on zerodha vs sharekhan.
Frequently Asked Questions
1. What is BSDA?
The BSDA (Basic service demat account) is a type of demat account designed specifically for ordinary investors. At no time shall the value of securities held in BSDA exceed Rupees Two Lakhs.
Anyone can create a BSDA account, and existing demat accounts can be transformed into no-frills BSDA banks provided the requirements are met. BSDA essentially saves the Demat account owner two significant expenditures.
To begin, the AMC is cancelled based on the holdings slab into which the holder falls on the cut-off date. Secondly, BSDA bank users are only eligible for online reports, not paper ones. Other fees, such as per page on debit card transactions and DRF costs, will remain in force to BSDA accounts.
2. Is Sharekhan better than Zerodha?
Both brokers are SEBI-registered and provide investments in equity, foreign exchange, currency, and markets. Zerodha charges a maximum of Rs 20 per trade, whereas Sharekhan charges between 0.1 and 0.5 percent.
Sharekhan is a Full Service Broker, whereas Zerodha is a Discount Broker. In comparison to Sharekhan, Zerodha has a better overall score.
Zerodha has a rating of 4.5 out of 5, whilst Sharekhan has a rating of just 4 out of 5. Sharekhan has 61,25,622 active customers, whereas Zerodha has 7,65,446 active customers. In comparison to Zerodha, Sharekhan serves a greater number of customers.
3. What is a Call Option?
Call options are capital assets that grant the options consumers the right, but just not the duty, to purchase a stock, asset, commodities, or other property or asset at a given price within a certain time frame.
The underlying value is a stock, bond, or commodity. Whenever the value of the underlying securities rises, the call purchaser gains.
A call option differs from an options contract in that the owner has the licence to transfer the underlying value at a defined cost on or about the termination date.
4. When Can I get the credit for shares sold?
The very day you transfer the shares is referred to as the trading day, and it is denoted as 'T Day.' The stock is banned the minute you sell it from the DEMAT account.
The restricted stocks are delivered to the market even before T+2 days. On T+2 day, you will get the proceeds from the sale, which will be paid to your bank account after all relevant costs have been deducted.
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