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Sharekhan Vs Finvasia Share Broker Comparison

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

  Sharekhan Finvasia Securities Pvt Ltd
 
Sharekhan Logo Finvasia Securities Pvt Ltd 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 Finvasia is India based technology–driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset manageme... Know more about Finvasia Securities Pvt Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Classic Account Standard
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 Finvasia. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Finvasia Securities Pvt Ltd
Trading Account Opening Fees ₹0 (Free) ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees ₹0 (Free) ₹0 (Free)
Demat Account AMC ₹400 (Free for 1st year) ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Finvasia Securities Pvt Ltd
Account Type Classic Account Standard
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.10% ₹0
Equity Futures Brokerage 0.10% ₹0
Equity Options Brokerage ₹50 per lot ₹0
Currency Futures Trading Brokerage 0.10% ₹0
Currency Options Trading Brokerage ₹30 per lot ₹0
Commodity Futures Trading Brokerage 0.03% ₹0
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan Finvasia Securities Pvt Ltd
Account Type Prepaid - ₹1 Lakh Standard
Fixed Charges ₹1,00,000 per year NA
Equity Delivery Brokerage 0.10% ₹0
Equity Intraday Brokerage 0.015% ₹0
Equity Futures Brokerage 0.015% ₹0
Equity Options Brokerage 0.05% or ₹63 per lot ₹0
Currency Futures Trading Brokerage ₹0
Currency Options Trading Brokerage ₹0
Commodity Futures Trading Brokerage ₹0
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan Finvasia Securities Pvt Ltd
Account Type Margin - ₹1 Lakh Standard
Fixed Charges ₹1,00,000 margin NA
Equity Delivery Brokerage 0.25% ₹0
Equity Intraday Brokerage 0.05% ₹0
Equity Futures Brokerage 0.05% ₹0
Equity Options Brokerage 1% or ₹70 per lot ₹0
Currency Futures Trading Brokerage ₹0
Currency Options Trading Brokerage ₹0
Commodity Futures Trading Brokerage ₹0
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 None
Call & Trade Charges Rs 20 ₹0
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Taxes

  Sharekhan Finvasia Securities Pvt Ltd
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 Finvasia Securities Pvt Ltd
Equity Delivery NSE ₹325 | BSE ₹275 ₹325/crore
Equity Intraday NSE ₹325 | BSE ₹275 ₹325/crore
Equity Futures NSE ₹190 | BSE ₹50 ₹190/crore
Equity Options NSE ₹5000 | BSE ₹50 ₹5000/crore of premium
Currency Futures NSE ₹135 | MCX ₹130 ₹115/crore
Currency Options NSE ₹4220 | MCX ₹3220 ₹4000/crore of premium
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 ₹260/crore
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Exposure

  Sharekhan Finvasia Securities Pvt Ltd
Equity Delivery Upto 5x with 24% interest per year 1x
Equity Intraday Upto 10x up to 10x
Equity Futures 2x 2x
Equity Options Nil 1x
Currency Futures Nil 1x
Currency Options Nil 1x
Commodity Upto 2x 2x
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Share Broker Features

  Sharekhan Finvasia Securities Pvt Ltd
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 No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time 3:30 PM 3:15 PM
Other Features Pattern finder, Class room training Asset management, Investment Banking, Advisory, and Currency hedging.
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Broker Ratings (Average User Rating)

  Sharekhan Finvasia Securities Pvt Ltd
  277 Customer Reviews    Rate Sharekhan 9 Customer Reviews    Rate Finvasia
Fees Ratings 3.1 4.4
Trading Brokerage Rating 2.9 4.8
Trading Platform Usability 3.7 3.0
Customer Service Ratings 3.4 4.7
Overall Ratings Rated 3.4 stars Rated 4.7 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Finvasia is Rated 4.7 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Finvasia Securities Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Sharekhan Finvasia Securities Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Loans, NRI Trading
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Customer Service Offered

  Sharekhan Finvasia Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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Order Type

  Sharekhan Finvasia Securities Pvt Ltd
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Sharekhan Finvasia Securities Pvt Ltd
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 Finvasia Securities Pvt Ltd
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Sharekhan Finvasia Securities Pvt Ltd
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...

  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.

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...

  • Finvasia is an online stock broker. Except for Chandigarh, it doesn't have branch offices, partner office or franchises.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding. The company is planning to launch this service in future.
  • Leverage offered is on the lower side in comparison with other discount brokers.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.

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.

Enquire about Sharekhan Enquire about Finvasia
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