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 Sharekhan Vs India Infoline (IIFL) Share Broker Comparison

The side-by-side comparison of Sharekhan and India Infoline Limited stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and India Infoline (IIFL)'s brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and India Infoline (IIFL).

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Sharekhan

India Infoline Limited

About the Broker Incorporated in February 2000, Sharekhan is India's 2nd largest stock broker providing brokerage services through its online trading website Sharekhan.com and 1950 Share shops which includes branches & Franchises in more than 575 cities across India.... Know more about Sharekhan Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NSEL NSE, BSE, MCX, NCDEX
Account Type Classic Account Standard Account
Broker Enquiry
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Stock Broker Fees / Charges

 SharekhanIndia Infoline (IIFL)
Trading Account Opening Fees Rs 750 Rs 750
Trading Account AMC Rs 400
Demat Account Opening Fees Rs 0 Rs 555
Demat Account AMC Rs 400 Rs 300
Demat Account is Mandatory?
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Trading Brokerage Charges

 SharekhanIndia Infoline (IIFL)
Equity Delivery Brokerage 0.50% 0.50%
Equity Intraday Brokerage 0.20% 0.05%
Equity Futures Brokerage 0.10% 0.05%
Equity Options Brokerage Rs. 100/- per lot or 2.5% on premium (which ever is higher) 1% of Premium or Rs 100 per lot whichever is high
Currency Futures Trading Brokerage
Currency Options Trading Brokerage
Commodity Trading Brokerage
Other Brokerage Charges
Minimum Brokerage Charges 10 paise per share Rs 0.05 per share
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Transaction Charges

 SharekhanIndia Infoline (IIFL)
Equity Delivery 0.125%
Equity Intraday 0.025%
Equity Futures 0.017%
Equity Options 0.017%
Currency Futures
Currency Options
Commodity
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Share Broker Features

 SharekhanIndia Infoline (IIFL)
3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
Good Till Cancelled (GTC)
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Trading Platform TradeTiger
Intraday Square-off Time 3:30 PM
Other Features
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Broker Ratings (Average User Rating)

 SharekhanIndia Infoline (IIFL)
  148 Customer Reviews    Rate Sharekhan 61 Customer Reviews    Rate India Infoline (IIFL)
Fees Ratings 3.2 3.3
Trading Brokerage Rating 3.1 3.1
Trading Platform Usability 3.9 3.5
Customer Service Ratings 3.6 3.1
Overall Ratings Rated 3.6 stars Rated 3.2 stars
Broker Rating Sharekhan is Rated 3.6 / 5 based on 148 customer reviews India Infoline (IIFL) is Rated 3.2 / 5 based on 61 customer reviews
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Investment Options Available

 SharekhanIndia Infoline (IIFL)
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
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Customer Service Offered

 SharekhanIndia Infoline (IIFL)
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
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Research / Tips / Reports Published

 SharekhanIndia Infoline (IIFL)
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
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Suitable for Investor Category

 SharekhanIndia Infoline (IIFL)
Casual Investor
Active Investor
Trader

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Pros, Cons and Other Review Comments

 SharekhanIndia Infoline (IIFL)
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.

More Advantages...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

Cons
  • Sharekhan doesn’t offer 3-in-1 account as it doesn’t offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.

More Disadvantages...

  1. SMS alerts at additional Rs 249 per month
  2. Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

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