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Sharekhan Vs Zerodha Share Broker Comparison

The side-by-side comparison of Sharekhan and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Zerodha'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 Zerodha.

  Sharekhan Zerodha
 
Sharekhan Logo Zerodha Logo
About the Broker Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f... Know more about Sharekhan Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... Know more about Zerodha
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX, NCDEX, NSEL NSE, BSE, MCX-SX and MCX
Account Type What is this parameter? Classic Account Standard Plan
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Zerodha
Trading Account Opening Fees What is this parameter? Rs 750 (adjusted against first 6 months brokerage) Rs 300
Trading Account AMC What is this parameter? Rs 0 Rs 0
Demat Account Opening Fees What is this parameter? Rs 0 Rs 100
Demat Account AMC What is this parameter? Rs 400 Rs 300
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Zerodha
Account Type Classic Account Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.50% Rs 0
Equity Intraday Brokerage What is this parameter? 0.10% Rs 20
Equity Futures Brokerage What is this parameter? 0.10% Rs 20
Equity Options Brokerage What is this parameter? Rs 100 per lot Rs 20
Currency Futures Trading Brokerage What is this parameter? 0.10% Rs 20
Currency Options Trading Brokerage What is this parameter? Rs 30 per lot Rs 20
Commodity Trading Brokerage What is this parameter? 0.10% Rs 20

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 16 per scrip Nil
Other Brokerage Charges What is this parameter? 0.01% or Rs 20 per executed order, whichever is lower.
Call & Trade Charges What is this parameter? ₹20 per executed order
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Taxes

  Sharekhan Zerodha
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: Rs 2,500 per Crore (on Sell trade)
  • Equity Delivery: Rs 10,000 per Crore (on Buy and Sell)
  • Equity Futures: Rs 1,000 per Crore (on Sell trade)
  • Equity Options: Rs 5,000 per Crore (on Sell trade premium) or Rs 12500 per Crore on excersied options.
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: Rs 2,500 per Crore (on Sell trade)
  • Equity Delivery: Rs 10,000 per Crore (on Buy and Sell)
  • Equity Futures: Rs 1,000 per Crore (on Sell trade)
  • Equity Options: Rs 5,000 per Crore (on Sell trade premium) or Rs 12500 per Crore on excersied options.
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 20 per Crore Rs 20 per Crore
Service Tax What is this parameter? 15% on (brokerage + transaction charges) 15% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Sharekhan Zerodha
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? NSE ₹190 | BSE ₹50 NSE ₹210 | BSE ₹70
Equity Options What is this parameter? NSE ₹5000 | BSE ₹50 NSE ₹5300 | BSE ₹2700
Currency Futures What is this parameter? NSE ₹135 | MCX ₹130 NSE ₹135
Currency Options What is this parameter? NSE ₹4220 | MCX ₹3220 NSE ₹4400
Commodity What is this parameter? MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 Non-Agri ₹360 | Agri ₹275
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Exposure

  Sharekhan Zerodha
Equity Delivery What is this parameter? 1x (no margin)
Equity Intraday What is this parameter? Up to 20x (based on the stock)
Equity Futures What is this parameter? Intraday - 40%, Carry forward - 100% of Total margin (Span+ Exposure)
Equity Options What is this parameter? Intraday - 40%, Carry forward - 100% of Total margin (Span+ Exposure)
Currency Futures What is this parameter? Intraday - 40%, Carry forward - 100% of Total margin (Span+ Exposure)
Currency Options What is this parameter? Intraday - 40%, Carry forward - 100% of Total margin (Span+ Exposure)
Commodity What is this parameter? Intraday - 40%, Carry forward - 100% of Span
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Share Broker Features

  Sharekhan Zerodha
3 in 1 Account What is this parameter? No No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes No
SMS Alerts What is this parameter? Yes No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? No
Combined Ledger for Equity and Commodity What is this parameter? No No
Trading Platform What is this parameter? TradeTiger Pi, Kite, NEST
Intraday Square-off Time What is this parameter? 3:30 PM 3:10 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Sharekhan Zerodha
  231 Customer Reviews    Rate Sharekhan 220 Customer Reviews    Rate Zerodha
Fees Ratings 3.1 4.0
Trading Brokerage Rating 3.0 4.5
Trading Platform Usability 3.8 3.7
Customer Service Ratings 3.5 3.8
Overall Ratings Rated 3.5 stars Rated 4.0 stars
Broker Rating Sharekhan is Rated 3.5 / 5 based on 231 customer reviews Zerodha is Rated 4.0 / 5 based on 220 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Zerodha
Contact / Request Call Back
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Investment Options Available

  Sharekhan Zerodha
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter?
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Customer Service Offered

  Sharekhan Zerodha
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? Yes No
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? Yes No
Through Branches What is this parameter? Yes No
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Research / Tips / Reports Published

  Sharekhan Zerodha
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  Sharekhan Zerodha
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Sharekhan Zerodha
Pros What is this parameter?
  • 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...

  • Zerodha offer equity delivery trades for free.
  • The discount broker offering simple flat fee brokerage service.
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Offer Fully Automated Trading and Semi-Automated Trading through its plug-in with AmiBroker, the popular Technical Analysis Software.
  • After Market Orders (AMO) can be placed between 6:30 PM to 9:15 AM.
  • Zerodha offers 10% referral credit to its customers.
  • Unlike most discount broker, Zerodha has its own DP services which are cheaper.

More Advantages...

Cons What is this parameter?
  • 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...

  • Zerodha doesn't offer currency derivatives trading at BSE. BSE charges lowest exchange transaction change in currency segment (Rs 10/crore vs NSE's Rs 110/crore).
  • Call and Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, FPO, Mutual Funds, Offer For Sale (OFS), Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • No margin funding available.
  • Good Till Cancelled (GTC) is only available in Commodities. GTC is not available in Equity.

More Disadvantages...

Reviews What is this parameter? Useful Articles about Zerodha:
Promo / Offers What is this parameter?

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (Rs 1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

Zerodha Discount

Rs 100 Off on Online Account Opening

Get Rs 100 discount when you open online trading account with Zerodha. Simply leave your contact information with us and Zerodha representatives will call you.

Enquire about Sharekhan Enquire about Zerodha
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