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Sharekhan Vs Upstox Share Broker Comparison

The side-by-side comparison of Sharekhan and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Upstox'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 Upstox.

  Sharekhan Upstox
 
Sharekhan Logo Upstox 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 Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MSEI, MCX BSE, NSE, MCX
Account Type What is this parameter? Classic Account Upstox Basic
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 Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Upstox
Trading Account Opening Fees What is this parameter? ₹0 (Free) ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC What is this parameter? ₹0 (Free) ₹0
Demat Account Opening Fees What is this parameter? ₹0 (Free) ₹0
Demat Account AMC What is this parameter? ₹400 (Free for 1st year) ₹150 (paid upfront)
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Upstox
Account Type Classic Account Upstox Basic
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% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage What is this parameter? 0.10% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage What is this parameter? ₹100 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage What is this parameter? 0.10% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage What is this parameter? ₹30 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage What is this parameter? 0.10% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  Sharekhan Upstox
Account Type Prepaid - ₹1 Lakh Upstox Priority
Fixed Charges What is this parameter? ₹1,00,000 per year ₹0
Equity Delivery Brokerage What is this parameter? 0.10% ₹0
Equity Intraday Brokerage What is this parameter? 0.015% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage What is this parameter? 0.015% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage What is this parameter? 0.05% or ₹63 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 3

  Sharekhan Upstox
Account Type Margin - ₹1 Lakh Upstox Basic
Fixed Charges What is this parameter? ₹1,00,000 margin ₹0
Equity Delivery Brokerage What is this parameter? 0.25% ₹0
Equity Intraday Brokerage What is this parameter? 0.05% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage What is this parameter? 0.05% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage What is this parameter? 1% or ₹70 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower)
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?
Call & Trade Charges What is this parameter? ₹20 per trade
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Taxes

  Sharekhan Upstox
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 Upstox
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? NSE ₹190 | BSE ₹50 NSE ₹210
Equity Options What is this parameter? NSE ₹5000 | BSE ₹50 NSE ₹5500
Currency Futures What is this parameter? NSE ₹135 | MCX ₹130 ₹150
Currency Options What is this parameter? NSE ₹4220 | MCX ₹3220 ₹6000
Commodity What is this parameter? MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 MCX ₹260/Cr
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Exposure

  Sharekhan Upstox
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 Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures What is this parameter? 66.67x for Indices futures | 40x to 22.5x for stock futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options What is this parameter? 0x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity What is this parameter? Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Sharekhan Upstox
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? Yes No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? Yes No
Trading Platform What is this parameter? TradeTiger Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time What is this parameter? 3:30 PM 3:15 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Sharekhan Upstox
  274 Customer Reviews    Rate Sharekhan 42 Customer Reviews    Rate Upstox
Fees Ratings 3.1 3.7
Trading Brokerage Rating 2.9 3.7
Trading Platform Usability 3.7 2.8
Customer Service Ratings 3.4 2.5
Overall Ratings Rated 3.3 stars Rated 2.5 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 274 customer reviews Upstox is Rated 2.5 / 5 based on 42 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Upstox
Contact / Request Call Back
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Investment Options Available

  Sharekhan Upstox
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 No
Mutual Funds What is this parameter? Yes No
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 Upstox
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes No
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Order Type

  Sharekhan Upstox
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 Upstox
Daily Market Report What is this parameter? Yes No
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 Upstox
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 Upstox
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...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

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...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.

More Disadvantages...

Reviews What is this parameter? Useful articles about Upstox:
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.

Get Account Opening Fee Refunded

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback.

To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.

Enquire about Sharekhan Enquire about Upstox
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