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Sharekhan Vs MyValueTrade Share Broker Comparison

The side-by-side comparison of Sharekhan and Master Capital Services Ltd stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and MyValueTrade'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 MyValueTrade.

  Sharekhan Master Capital Services Ltd
 
Sharekhan Logo Master Capital Services 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 MyValueTrade (MVT) is a discount brokerage company part of the Master Capital Services Ltd. Incorporated in 1985; Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India with over 1.5 lakh clients. Co... Know more about Master Capital Services Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Classic Account Per Order Executed
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 MyValueTrade. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Master Capital Services Ltd
Trading Account Opening Fees ₹0 (Free) ₹555
Trading Account AMC ₹0 (Free) Nil
Demat Account Opening Fees ₹0 (Free) Nil
Demat Account AMC ₹400 (Free for 1st year) ₹400
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Master Capital Services Ltd
Account Type Classic Account Per Order Executed
Fixed Charges
Equity Delivery Brokerage 0.50% ₹10 per executed order
Equity Intraday Brokerage 0.10% ₹10 per executed order
Equity Futures Brokerage 0.10% ₹10 per executed order
Equity Options Brokerage ₹50 per lot ₹10 per executed order
Currency Futures Trading Brokerage 0.10% ₹10 per executed order
Currency Options Trading Brokerage ₹30 per lot ₹10 per executed order
Commodity Futures Trading Brokerage 0.03% ₹10 per executed order
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan Master Capital Services Ltd
Account Type Prepaid - ₹1 Lakh Fixed Monthly Plan
Fixed Charges ₹1,00,000 per year ₹1000
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 Master Capital Services Ltd
Account Type Margin - ₹1 Lakh Per Order Executed
Fixed Charges ₹1,00,000 margin
Equity Delivery Brokerage 0.25% ₹10 per executed order
Equity Intraday Brokerage 0.05% ₹10 per executed order
Equity Futures Brokerage 0.05% ₹10 per executed order
Equity Options Brokerage 1% or ₹70 per lot ₹10 per executed order
Currency Futures Trading Brokerage ₹10 per executed order
Currency Options Trading Brokerage ₹10 per executed order
Commodity Futures Trading Brokerage ₹10 per executed order
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share ₹10 or .01% whichever is lower
Other Brokerage Charges Call & Trade: ₹20 per executed order
Call & Trade Charges Rs 20
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Taxes

  Sharekhan Master Capital Services 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 Master Capital Services Ltd
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹325
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹325
Equity Futures NSE ₹190 | BSE ₹50 NSE ₹300 | BSE ₹150
Equity Options NSE ₹5000 | BSE ₹50 NSE ₹6000 | BSE ₹3500
Currency Futures NSE ₹135 | MCX ₹130 NSE ₹120 | BSE ₹100
Currency Options NSE ₹4220 | MCX ₹3220 NSE ₹4200 | BSE ₹1000
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 MCX ₹250
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Exposure

  Sharekhan Master Capital Services Ltd
Equity Delivery Upto 5x with 24% interest per year
Equity Intraday Upto 10x
Equity Futures 2x
Equity Options Nil
Currency Futures Nil
Currency Options Nil
Commodity Upto 2x
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Share Broker Features

  Sharekhan Master Capital Services Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile OMNESYS NEST
Intraday Square-off Time 3:30 PM
Other Features Pattern finder, Class room training
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Broker Ratings (Average User Rating)

  Sharekhan Master Capital Services Ltd
  277 Customer Reviews    Rate Sharekhan 9 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.1 3.4
Trading Brokerage Rating 2.9 4.4
Trading Platform Usability 3.7 3.8
Customer Service Ratings 3.4 3.8
Overall Ratings Rated 3.4 stars Rated 3.8 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Master Capital Services Ltd
Contact / Request Call Back
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Investment Options Available

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

  Sharekhan Master Capital Services Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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Order Type

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

  Sharekhan Master Capital Services Ltd
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Sharekhan Master Capital Services Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Sharekhan Master Capital Services 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...

  1. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  2. Funds transfer facility with 45 major banks available.
  3. MyValueTrade gives Intraday up to 33 times exposure
  4. No minimum brokerage.
  5. No need to login in different platforms for different segment.
  6. No more need to transfer deposits in one exchange to another for trading.
  7. Trade across all segments using Flexi-Balance feature wherein the balance across different segments viz. Equity, commodity, derivatives and currency can be used as one single balance.

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...

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 MyValueTrade
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