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Sharekhan Vs RMoney Share Broker Comparison

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

  Sharekhan Raghunandan Capital Pvt Ltd
 
Sharekhan Logo Raghunandan Capital 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 Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds... Know more about Raghunandan Capital Pvt Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Classic Account Zero Brokerage Plans
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Raghunandan Capital 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 for lifetime (Free)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Raghunandan Capital Pvt Ltd
Account Type Classic Account Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.10% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.10% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹50 per lot ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.10% ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.03% ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan Raghunandan Capital Pvt Ltd
Account Type Prepaid - ₹1 Lakh Happy Service Plan
Fixed Charges ₹1,00,000 per year NA
Equity Delivery Brokerage 0.10% 0.10% to 0.40%
Equity Intraday Brokerage 0.015% 0.01% to 0.04%
Equity Futures Brokerage 0.015% 0.005% to 0.02%
Equity Options Brokerage 0.05% or ₹63 per lot ₹20 to ₹80 per lot
Currency Futures Trading Brokerage 0.005% to 0.02%
Currency Options Trading Brokerage 0.005% to 0.02%
Commodity Futures Trading Brokerage 0.005% to 0.02%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan Raghunandan Capital Pvt Ltd
Account Type Margin - ₹1 Lakh Zero Brokerage Plans
Fixed Charges ₹1,00,000 margin NA
Equity Delivery Brokerage 0.25% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage 1% or ₹70 per lot ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹18 per executed order or .01% whichever is lower
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 Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges Rs 20 ₹0 (Unlimited Calls)
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Taxes

  Sharekhan Raghunandan Capital 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 Raghunandan Capital Pvt Ltd
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures NSE ₹190 | BSE ₹50 NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options NSE ₹5000 | BSE ₹50 NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures NSE ₹135 | MCX ₹130 NSE, BSE - ₹150 per crore (0.0015%)
Currency Options NSE ₹4220 | MCX ₹3220 NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Exposure

  Sharekhan Raghunandan Capital Pvt Ltd
Equity Delivery Upto 5x with 24% interest per year Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Upto 10x 20x (5%) (Intraday Only)
Equity Futures 2x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Nil Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Nil Intraday - 100X (1%)
Currency Options Nil Intraday - 100X (1%)
Commodity Upto 2x Intraday - 77X (1.3%)
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Share Broker Features

  Sharekhan Raghunandan Capital Pvt 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 Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform TradeTiger, Sharekhan Mobile RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:30 PM Equity 3:15 PM
Other Features Pattern finder, Class room training
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Broker Ratings (Average User Rating)

  Sharekhan Raghunandan Capital Pvt Ltd
  277 Customer Reviews    Rate Sharekhan 3 Customer Reviews    Rate RMoney
Fees Ratings 3.1 4.7
Trading Brokerage Rating 2.9 4.7
Trading Platform Usability 3.7 4.3
Customer Service Ratings 3.4 4.0
Overall Ratings Rated 3.4 stars Rated 4.0 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Raghunandan Capital Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Sharekhan Raghunandan Capital 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 Yes
Debt Yes Yes
Other Investment Options Loans, NRI Trading Corporate FD, Life Instance, General Insurance
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Customer Service Offered

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

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

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

  Sharekhan Raghunandan Capital Pvt Ltd
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Sharekhan Raghunandan Capital 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...

  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.

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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

Reviews Useful Articles:
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.

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

Enquire about Sharekhan
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