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Sharekhan Vs India Infoline (IIFL) Share Broker Comparison

The side-by-side comparison of Sharekhan and India Infoline Limited stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and India Infoline (IIFL)'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 India Infoline (IIFL).

  Sharekhan India Infoline Limited
 
Sharekhan Logo India Infoline Limited 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 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX NSE, BSE, MCX
Account Type Classic Account Standard Account
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 India Infoline (IIFL). Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan India Infoline Limited
Trading Account Opening Fees ₹0 (Free) ₹750
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹555
Demat Account AMC ₹400 (Free for 1st year) ₹ 555 (One time)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan India Infoline Limited
Account Type Classic Account Standard Account
Fixed Charges
Equity Delivery Brokerage 0.50% 0.50%
Equity Intraday Brokerage 0.10% 0.05%
Equity Futures Brokerage 0.10% 0.05%
Equity Options Brokerage ₹50 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage 0.10% Rs 25 per lot
Currency Options Trading Brokerage ₹30 per lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.03% 0.05%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan India Infoline Limited
Account Type Prepaid - ₹1 Lakh Standard Account
Fixed Charges ₹1,00,000 per year
Equity Delivery Brokerage 0.10% 0.50%
Equity Intraday Brokerage 0.015% 0.05%
Equity Futures Brokerage 0.015% 0.05%
Equity Options Brokerage 0.05% or ₹63 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage Rs 25 per lot
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan India Infoline Limited
Account Type Margin - ₹1 Lakh Standard Account
Fixed Charges ₹1,00,000 margin
Equity Delivery Brokerage 0.25% 0.50%
Equity Intraday Brokerage 0.05% 0.05%
Equity Futures Brokerage 0.05% 0.05%
Equity Options Brokerage 1% or ₹70 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage Rs 25 per lot
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share Rs 0.05 per share
Other Brokerage Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 20 Rs 50 per call
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Taxes

  Sharekhan India Infoline Limited
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 India Infoline Limited
Equity Delivery NSE ₹325 | BSE ₹275 0.00325%
Equity Intraday NSE ₹325 | BSE ₹275 0.00325%
Equity Futures NSE ₹190 | BSE ₹50 0.0021%
Equity Options NSE ₹5000 | BSE ₹50 0.051% on premium
Currency Futures NSE ₹135 | MCX ₹130 0.0021%
Currency Options NSE ₹4220 | MCX ₹3220 0.051% on premium
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 0.0028%
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Exposure

  Sharekhan India Infoline Limited
Equity Delivery Upto 5x with 24% interest per year Upto 3x with 18% interest per year
Equity Intraday Upto 10x Upto 20x
Equity Futures 2x Upto 3x
Equity Options Nil 3x for shorting
Currency Futures Nil Upto 2x
Currency Options Nil 2x for shorting
Commodity Upto 2x Upto 3x
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Share Broker Features

  Sharekhan India Infoline Limited
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile TT Exe, TT Web, IIFL Markets
Intraday Square-off Time 3:30 PM
Other Features Pattern finder, Class room training Market Mantra, Loyalty Points
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Broker Ratings (Average User Rating)

  Sharekhan India Infoline Limited
  277 Customer Reviews    Rate Sharekhan 103 Customer Reviews    Rate India Infoline (IIFL)
Fees Ratings 3.1 2.9
Trading Brokerage Rating 2.9 2.7
Trading Platform Usability 3.7 3.3
Customer Service Ratings 3.4 2.7
Overall Ratings Rated 3.4 stars Rated 2.7 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan India Infoline Limited
Contact / Request Call Back
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Investment Options Available

  Sharekhan India Infoline Limited
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes
Debt Yes Yes
Other Investment Options Loans, NRI Trading
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Customer Service Offered

  Sharekhan India Infoline Limited
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  Sharekhan India Infoline Limited
Bracket Order Yes No
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
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Research / Tips / Reports Published

  Sharekhan India Infoline Limited
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Sharekhan India Infoline Limited
Casual Investor Yes Yes
Active Investor Yes
Trader

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Pros, Cons and Other Review Comments

  Sharekhan India Infoline Limited
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...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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.

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Enquire about Sharekhan Enquire about India Infoline (IIFL)
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