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Sharekhan Vs Upstox (Compare Sharekhan and Upstox)

Sharekhan Logo

About Sharekhan
Designed for the Serious and established in 2000, Sharekhan is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), the Sharekhan app and the InvesTiger app (both available for Android and iOS devices). Designed for serious Investors and Trader... Know more about Sharekhan

Upstox Logo

About Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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Sharekhan Vs Upstox

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Sharekhan Upstox
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2000 2012
Number of Branches 2800 4
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Sharekhan Vs Upstox Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Upstox Demat Account AMC Charges is Rs 150.

  Sharekhan Upstox
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 400 (Free for 1st year) Rs 150

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Sharekhan Vs Upstox Brokerage

Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Sharekhan Classic Account Upstox Default
Fixed Charges NA
Equity Delivery 0.30% on market rate or minimum 1 paisa per share Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.02% on market rate or minimum 1 paisa per share Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.02% per transaction value Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 per lot Rs 20 per executed order
Currency Futures 0.02% per transaction value Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 5 per lot Rs 20 per executed order
Commodity Futures 0.02% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per lot Rs 20 per executed order
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Sharekhan Vs Upstox Brokerage Plan 2

  Sharekhan Upstox
Account Type Prepaid - Rs 1 Lakh Default
Fixed Charges Rs 1,00,000 per year NA
Equity Delivery 0.10% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.015% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.015% Rs 20 per executed order or 0.05% whichever is lower
Equity Options 0.05% or Rs 63 per lot Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order
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Sharekhan Vs Upstox Brokerage Plan 3

  Sharekhan Upstox
Account Type Margin - Rs 1 Lakh Default
Fixed Charges Rs 1,00,000 margin NA
Equity Delivery 0.25% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Options 1% or Rs 70 per lot Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order
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Sharekhan Charges Vs Upstox

Minimum Brokerage Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 Rs 20 per trade

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Sharekhan Vs Upstox Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5050 per Cr (0.0505%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).

  Sharekhan Upstox
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures NSE Rs 95 per Cr (0.00095%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05% Group A - Rs 290 per Cr (0.0029%)
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Sharekhan Vs Upstox Leverage (Margin)

Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Sharekhan Upstox
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Sharekhan and Upstox Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Sharekhan Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes
Trading Platform TradeTiger, Sharekhan Mobile Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:30 PM 3:00 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features Pattern finder, Class room training Option strategy builder
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Sharekhan Vs Upstox Review

Sharekhan is rated 3.3 of 5 based on 312 customer reviews whereas Upstox is rated 2.4 of 5 based on 142 customer reviews.

  Sharekhan Upstox
  312 Customer Reviews    Rate Sharekhan 142 Customer Reviews    Rate Upstox
Fees 3.0 3.4
Brokerage 2.8 3.4
Trading Platform 3.7 2.6
Customer Service 3.3 2.3
Research Capabilities 3.1 2.2
Overall Ratings Rated 3.3 stars Rated 2.4 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 312 customer reviews Upstox is rated 2.4 of 5 based on 142 customer reviews

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Contact Broker / Request A Call Back

  Sharekhan Enquire Upstox Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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Sharekhan Vs Upstox Investment Options

  Sharekhan Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Loans, NRI Trading

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Sharekhan Vs Upstox Order Type Offered

  Sharekhan Upstox
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Sharekhan Vs Upstox Research Report

  Sharekhan Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Sharekhan Vs Upstox Suitable For Investor Type

  Sharekhan Upstox
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes

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Sharekhan Vs Upstox - Pros and Cons

  Sharekhan Upstox
Pros
  1. Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free.
  6. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposits as collateral for future and option trading.
  • Zero account opening fee.
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments including equity delivery.
  • Offer direct mutual funds.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
Cons
  1. Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services.
  2. Classic account holders cannot trade Commodities, as the segment has to be activated separately.
  3. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.
  • Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer margin funding for delivery trades.
  • Doesn't offer stock tips or recommendations.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer 24/7 customer support.
  • Doesn't offer API access for automated trading.
  • Doesn't offer NRI Trading and Demat account.
  • Doesn't offer BTST
  • Doesn't offer digital gold.
  • Call-and-trade fee is Rs 20 per executed order extra.
  • Automatic settlement charges an additional Rs 50 per executed order.
  • Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Upstox Special Offer

Exclusive offer by Upstox

  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Open Upstox Account

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