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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 What is this parameter? Full Service Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE, MSEI, MCX BSE, NSE, MCX
Account Type What is this parameter? 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 What is this parameter? ₹0 (Free) ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹0 (Free) ₹0 (Free)
Demat Account AMC What is this parameter? ₹400 (Free for 1st year) ₹0 per year (₹1000 for corporate)
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Finvasia Securities Pvt Ltd
Account Type Classic Account Standard
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.50% ₹0
Equity Intraday Brokerage What is this parameter? 0.10% ₹0
Equity Futures Brokerage What is this parameter? 0.10% ₹0
Equity Options Brokerage What is this parameter? ₹100 per lot ₹0
Currency Futures Trading Brokerage What is this parameter? 0.10% ₹0
Currency Options Trading Brokerage What is this parameter? ₹30 per lot ₹0
Commodity Futures Trading Brokerage What is this parameter? 0.10% ₹0
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

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

Brokerage Plan 3

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

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

  Sharekhan Finvasia Securities Pvt Ltd
Equity Delivery What is this parameter? 6.67x for A group stock | 5x to 2.5x for B group stock 1x
Equity Intraday What is this parameter? 10x for A & B group stock up to 10x
Equity Futures What is this parameter? 66.67x for Indices futures | 40x to 22.5x for stock futures 2x
Equity Options What is this parameter? 0x 1x
Currency Futures What is this parameter? 1x
Currency Options What is this parameter? 1x
Commodity What is this parameter? 2x
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Share Broker Features

  Sharekhan Finvasia Securities Pvt Ltd
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 No
Trading Platform What is this parameter? TradeTiger Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time What is this parameter? 3:30 PM 3:15 PM
Other Features What is this parameter? Asset management, Investment Banking, Advisory, and Currency hedging.
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Broker Ratings (Average User Rating)

  Sharekhan Finvasia Securities Pvt Ltd
  274 Customer Reviews    Rate Sharekhan 5 Customer Reviews    Rate Finvasia
Fees Ratings 3.1 5.0
Trading Brokerage Rating 2.9 5.0
Trading Platform Usability 3.7 2.8
Customer Service Ratings 3.4 4.6
Overall Ratings Rated 3.3 stars Rated 4.8 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 274 customer reviews Finvasia is Rated 4.8 / 5 based on 5 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 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 Yes
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter? Loans, NRI Trading
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Customer Service Offered

  Sharekhan Finvasia Securities Pvt Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No Yes
Through Branches What is this parameter? Yes No
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Order Type

  Sharekhan Finvasia Securities Pvt Ltd
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 Finvasia Securities Pvt Ltd
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 Finvasia Securities Pvt Ltd
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 Finvasia Securities Pvt Ltd
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...

  • 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 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...

  • 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 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.

Enquire about Sharekhan Enquire about Finvasia
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