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Zerodha VS Sharekhan

Zerodha VS Sharekhan

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:

  1. 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.

  2. 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

  3. Goods & services tax (GST): some percent on brokerage + transaction charges

  4. 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.

  5. 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

[email protected]

[email protected]

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:

  1. There are no fees for supply trades.

  2. There is no minimum spend requirement to start or manage the account.

  3. Brokerages are charged regardless of transaction volume.

Cons:

  1. In comparison to other bargain brokers, the margins supplied are modest.

  2. During trading sessions, there are significant disruptions and failures.

  3. 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:

  1. Extensive choice of investing services

  2. 3200 outlets are spread over India.

  3. Products such as Insta MF, Investment Cart, and NEO are available.

Cons:

  1. Brokerages at a high level

  2. 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.

I hope you liked our article, and it must have solved your queries such as sharekhan brokerage charges vs zerodha, sharekhan espresso vs zerodha,  espresso demat account charges,  if you have any comments or suggestions do share them in the comments below.

Ankur Aggarwal

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About the Author

Hi all, I am Ankur Aggarwal – Digital Marketer, Entrepreneur, Traveller, Blogger, and Foodie. Have been blogging since 2010. In 2016 I scored 99.2 percentile in XAT Exam for MBA, left that to pursue my Online business dreams.
The purpose of ankuraggarwal.in is to pass on 100% accurate, genuine and FREE information on Personal Finance, Entrepreneurship, Investing, Career, and Learning Digital Marketing Online. Know more about me here: About Ankur Aggarwal

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