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 |
| |
|
|
|
 |
 |
| 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...  |
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... |
Type of Broker
|
Full Service Broker |
Full Service Broker |
| Supported Exchnage
|
BSE, NSE, MSEI, MCX |
BSE, NSE, MCX |
| Account Type
|
Classic Account |
Standard |
| Broker Enquiry |
|
|
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 (₹1000 for corporate) |
| Demat Account is Mandatory?
|
No |
No |
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
|
₹100 per lot |
₹0 |
| Currency Futures Trading Brokerage
|
0.10% |
₹0 |
| Currency Options Trading Brokerage
|
₹30 per lot |
₹0 |
| Commodity Futures Trading Brokerage
|
0.10% |
₹0 |
| Commodity Options Trading Brokerage
|
|
|
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
|
|
₹0 |
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. |
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 |
Exposure
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| Equity Delivery
|
6.67x for A group stock | 5x to 2.5x for B group stock |
1x |
| Equity Intraday
|
10x for A & B group stock |
up to 10x |
| Equity Futures
|
66.67x for Indices futures | 40x to 22.5x for stock futures |
2x |
| Equity Options
|
0x |
1x |
| Currency Futures
|
|
1x |
| Currency Options
|
|
1x |
| Commodity
|
|
2x |
Share Broker Features
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| 3 in 1 Account
|
 |
|
| Charting
|
 |
|
| Automated Trading
|
|
|
| SMS Alerts
|
|
|
| Online Demo
|
|
|
| Online Portfolio
|
|
|
| Margin Trading Funding Available
|
|
|
| Trading Platform
|
TradeTiger |
Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto |
| Intraday Square-off Time
|
3:30 PM |
3:15 PM |
| Other Features
|
|
Asset management, Investment Banking, Advisory, and Currency hedging. |
Broker Ratings (Average User Rating)
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| |
274 Customer Reviews  |
5 Customer Reviews |
| Fees Ratings |
 |
 |
| Trading Brokerage Rating |
 |
|
| Trading Platform Usability |
 |
 |
| Customer Service Ratings |
 |
 |
| Overall Ratings |
 |
 |
| Broker Rating |
Sharekhan is Rated 3.3 / 5 based on 274 customer reviews |
Finvasia is Rated 4.8 / 5 based on 5 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| Stock / Equity
|
|
|
| Commodity
|
|
|
| Currency
|
|
|
| Initial Public Offers (IPO)
|
|
|
| Mutual Funds
|
|
|
| Bond / NCD
|
|
|
| Debt
|
|
|
| Other Investment Options
|
Loans, NRI Trading |
|
Customer Service Offered
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| 24/7 Customer Service
|
|
|
| Onine Live Chat
|
|
|
| Through Branches
|
|
|
Order Type
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| Bracket Order
|
|
|
| Cover Order
|
|
|
| Buy Today Sell Tomorrow (BTST)
|
|
|
| Sell Today Buy Tomorrow (STBT)
|
|
|
| After Market Order(AMO)
|
|
|
| Good Till Cancelled (GTC)
|
|
|
Research / Tips / Reports Published
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| Daily Market Report
|
|
|
| Free Tips
|
|
|
| Quarterly Result Analysis
|
|
|
| News Alerts
|
|
|
Suitable for Investor Category
| |
Sharekhan |
Finvasia Securities Pvt Ltd |
| Casual Investor
|
|
|
| Active Investor
|
|
|
| Trader
|
|
|
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
|
| Compare More Brokers |
|
|
Zerodha
Zero Account Opening Fee