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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 Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type 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 ₹0 (Free) Equity ₹310 | Commodity ₹120
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 (Free for 1st year) ₹0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Alice Blue Financial Services
Account Type Classic Account F20
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.10% ₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage 0.10% ₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage ₹50 per lot ₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage 0.10% ₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage 0.03% ₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

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

Brokerage Plan 3

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

Other Charges

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

  Sharekhan Alice Blue Financial Services
Securities Transaction Tax (STT)
  • 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 Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 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 NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures NSE ₹190 | BSE ₹50 NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options NSE ₹5000 | BSE ₹50 NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures NSE ₹135 | MCX ₹130 NSE ₹135 per crore (0.00135%)
Currency Options NSE ₹4220 | MCX ₹3220 NSE ₹4400 (on premium) per crore (0.044%)
Commodity 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 Upto 5x with 24% interest per year 3x (A category)
Equity Intraday Upto 10x Up to 20x (based on the stock)
Equity Futures 2x Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Nil Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Nil Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Nil Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Upto 2x 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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time 3:30 PM Equity: 3:15PM
Other Features Pattern finder, Class room training
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Broker Ratings (Average User Rating)

  Sharekhan Alice Blue Financial Services
  277 Customer Reviews    Rate Sharekhan 16 Customer Reviews    Rate Alice Blue
Fees Ratings 3.1 4.8
Trading Brokerage Rating 2.9 4.5
Trading Platform Usability 3.7 4.5
Customer Service Ratings 3.4 4.0
Overall Ratings Rated 3.4 stars Rated 4.5 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Alice Blue is Rated 4.5 / 5 based on 16 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 Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Loans, NRI Trading
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Customer Service Offered

  Sharekhan Alice Blue Financial Services
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  Sharekhan Alice Blue Financial Services
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Sharekhan Alice Blue Financial Services
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Sharekhan Alice Blue Financial Services
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Sharekhan Alice Blue Financial Services
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.
  • 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
  • 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
Promo / Offers

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.

Enquire about Sharekhan
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