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Sharekhan Vs Alice Blue Share Broker Comparison

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

  Sharekhan Alice Blue Financial Services
 
Sharekhan Logo Alice Blue Financial Services 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 Incorporated in 2006, Alice Blue is a Bangalore based financial service provider. AliceBlue is a discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) throu... Know more about Alice Blue Financial Services
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MSEI, MCX BSE, NSE, MCX
Account Type What is this parameter? Classic Account F20
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Alice Blue Financial Services
Trading Account Opening Fees What is this parameter? ₹0 (Free) Equity ₹310 | Commodity ₹120
Trading Account AMC What is this parameter? ₹0 (Free) ₹0
Demat Account Opening Fees What is this parameter? ₹0 (Free) ₹0
Demat Account AMC What is this parameter? ₹400 (Free for 1st year) ₹0
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Alice Blue Financial Services
Account Type Classic Account F20
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.50% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.10% ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage What is this parameter? 0.10% ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage What is this parameter? ₹100 per lot ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage What is this parameter? 0.10% ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage What is this parameter? ₹30 per lot ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage What is this parameter? 0.10% ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  Sharekhan Alice Blue Financial Services
Account Type Prepaid - ₹1 Lakh F20
Fixed Charges What is this parameter? ₹1,00,000 per year
Equity Delivery Brokerage What is this parameter? 0.10% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.015% ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage What is this parameter? 0.015% ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage What is this parameter? 0.05% or ₹63 per lot ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage What is this parameter? ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 3

  Sharekhan Alice Blue Financial Services
Account Type Margin - ₹1 Lakh F20
Fixed Charges What is this parameter? ₹1,00,000 margin
Equity Delivery Brokerage What is this parameter? 0.25% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.05% ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage What is this parameter? 0.05% ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage What is this parameter? 1% or ₹70 per lot ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage What is this parameter? ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share ₹0
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter? ₹20 per executed order
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Taxes

  Sharekhan Alice Blue Financial Services
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (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 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% 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 Alice Blue Financial Services
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures What is this parameter? NSE ₹190 | BSE ₹50 NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options What is this parameter? NSE ₹5000 | BSE ₹50 NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures What is this parameter? NSE ₹135 | MCX ₹130 NSE ₹135 per crore (0.00135%)
Currency Options What is this parameter? NSE ₹4220 | MCX ₹3220 NSE ₹4400 (on premium) per crore (0.044%)
Commodity What is this parameter? MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
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Exposure

  Sharekhan Alice Blue Financial Services
Equity Delivery What is this parameter? 6.67x for A group stock | 5x to 2.5x for B group stock 3x (A category)
Equity Intraday What is this parameter? 10x for A & B group stock Up to 20x (based on the stock)
Equity Futures What is this parameter? 66.67x for Indices futures | 40x to 22.5x for stock futures Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options What is this parameter? 0x Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures What is this parameter? Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options What is this parameter? Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity What is this parameter? Intraday - 10%(10x), Carry forward - 100%(1x) of Total span margin
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Share Broker Features

  Sharekhan Alice Blue Financial Services
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No Yes
SMS Alerts What is this parameter? Yes No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? Yes Yes
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? TradeTiger Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time What is this parameter? 3:30 PM Equity: 3:15PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Sharekhan Alice Blue Financial Services
  274 Customer Reviews    Rate Sharekhan 15 Customer Reviews    Rate Alice Blue
Fees Ratings 3.1 4.7
Trading Brokerage Rating 2.9 4.5
Trading Platform Usability 3.7 4.5
Customer Service Ratings 3.4 3.9
Overall Ratings Rated 3.3 stars Rated 4.5 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 274 customer reviews Alice Blue is Rated 4.5 / 5 based on 15 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Alice Blue Financial Services
Contact / Request Call Back
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Investment Options Available

  Sharekhan Alice Blue Financial Services
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 Yes
Debt What is this parameter? Yes Yes
Other Investment Options What is this parameter? Loans, NRI Trading
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Customer Service Offered

  Sharekhan Alice Blue Financial Services
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes No
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Order Type

  Sharekhan Alice Blue Financial Services
Bracket Order What is this parameter? Yes
Cover Order What is this parameter? Yes
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter? Yes
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Research / Tips / Reports Published

  Sharekhan Alice Blue Financial Services
Daily Market Report What is this parameter? Yes Yes
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 Alice Blue Financial Services
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 Alice Blue Financial Services
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.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.

More Advantages...

  • Discount stock broker.
  • Most advance trading platform.
  • Free equity delivery trades. No brokerage.
  • 01% or Rs 20 whichever is less brokerage for intraday and F&O.
  • Up to 20x margin in equity intraday.
  • Demat AMC is free for lifetime for all customers.

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 ₹400 as AMC for trading account in addition to ₹400 for demat account.

More Disadvantages...

  • Online Mutual Fund investment is not available.
  • Margin funding is not available.
  • Good Till Cancelled (GTC) orders not available.
  • Call & Trade is available with additional cost of ₹20 per order.

More Disadvantages...

Reviews What is this parameter?
Promo / Offers What is this parameter?

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹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.

Free Equity Delivery Trade + Lifetime FREE AMC Demat Account

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition, get Lifetime Zero AMC Demat Account with no additional cost. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you.

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