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 |
| |
|
|
|
 |
 |
| 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...  |
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 ... |
Type of Broker
|
Full Service Broker |
Discount Broker |
| Supported Exchnage
|
BSE, NSE, MSEI, MCX |
BSE, NSE, MCX |
| Account Type
|
Classic Account |
Upstox Basic |
| Broker Enquiry |
|
|
Stock Broker Fees / Charges
| |
Sharekhan |
Upstox |
| Trading Account Opening Fees
|
₹0 (Free) |
₹150 (Eq and F&O), ₹150 (MCX) |
| Trading Account AMC
|
₹0 (Free) |
₹0 |
| Demat Account Opening Fees
|
₹0 (Free) |
₹0 |
| Demat Account AMC
|
₹400 (Free for 1st year) |
₹150 (paid upfront) |
| Demat Account is Mandatory?
|
No |
No |
Trading Brokerage Charges
Brokerage Plan 1
| |
Sharekhan |
Upstox |
| Account Type |
Classic Account |
Upstox Basic |
| Fixed Charges
|
|
|
| Equity Delivery Brokerage
|
0.50% |
₹0 |
| Equity Intraday Brokerage
|
0.10% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Futures Brokerage
|
0.10% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Options Brokerage
|
₹100 per lot |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Futures Trading Brokerage
|
0.10% |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Options Trading Brokerage
|
₹30 per lot |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Futures Trading Brokerage
|
0.10% |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Options Trading Brokerage
|
|
|
Brokerage Plan 2
| |
Sharekhan |
Upstox |
| Account Type |
Prepaid - ₹1 Lakh |
Upstox Priority |
| Fixed Charges
|
₹1,00,000 per year |
₹0 |
| Equity Delivery Brokerage
|
0.10% |
₹0 |
| Equity Intraday Brokerage
|
0.015% |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Futures Brokerage
|
0.015% |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Options Brokerage
|
0.05% or ₹63 per lot |
₹30 per trade or 0.05% (whichever is lower) |
| Currency Futures Trading Brokerage
|
|
₹30 per trade or 0.05% (whichever is lower) |
| Currency Options Trading Brokerage
|
|
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Futures Trading Brokerage
|
|
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Options Trading Brokerage
|
|
|
Brokerage Plan 3
| |
Sharekhan |
Upstox |
| Account Type |
Margin - ₹1 Lakh |
Upstox Basic |
| Fixed Charges
|
₹1,00,000 margin |
₹0 |
| Equity Delivery Brokerage
|
0.25% |
₹0 |
| Equity Intraday Brokerage
|
0.05% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Futures Brokerage
|
0.05% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Options Brokerage
|
1% or ₹70 per lot |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Futures Trading Brokerage
|
|
₹20 per trade or 0.01% (whichever is lower) |
| Currency Options Trading Brokerage
|
|
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Futures Trading Brokerage
|
|
₹20 per trade or 0.01% (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
|
|
|
| Call & Trade Charges
|
|
₹20 per trade |
Taxes
| |
Sharekhan |
Upstox |
| 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. |
Transaction Charges
| |
Sharekhan |
Upstox |
| Equity Delivery
|
NSE ₹325 | BSE ₹275 |
NSE ₹325 | BSE ₹275 |
| Equity Intraday
|
NSE ₹325 | BSE ₹275 |
NSE ₹325 | BSE ₹275 |
| Equity Futures
|
NSE ₹190 | BSE ₹50 |
NSE ₹210 |
| Equity Options
|
NSE ₹5000 | BSE ₹50 |
NSE ₹5500 |
| Currency Futures
|
NSE ₹135 | MCX ₹130 |
₹150 |
| Currency Options
|
NSE ₹4220 | MCX ₹3220 |
₹6000 |
| Commodity
|
MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 |
MCX ₹260/Cr |
Exposure
| |
Sharekhan |
Upstox |
| Equity Delivery
|
6.67x for A group stock | 5x to 2.5x for B group stock |
1x |
| Equity Intraday
|
10x for A & B group stock |
Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x |
| Equity Futures
|
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
|
0x |
Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Currency Futures
|
|
Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Currency Options
|
|
Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Commodity
|
|
Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x |
Share Broker Features
| |
Sharekhan |
Upstox |
| 3 in 1 Account
|
 |
|
| Charting
|
 |
|
| Automated Trading
|
|
|
| SMS Alerts
|
|
|
| Online Demo
|
|
|
| Online Portfolio
|
|
|
| Margin Trading Funding Available
|
|
|
| Margin Against Shares (Equity Cash)
|
|
|
| Margin Against Shares (Equity F&O)
|
|
|
| Trading Platform
|
TradeTiger |
Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
| Intraday Square-off Time
|
3:30 PM |
3:15 PM |
| Other Features
|
|
|
Broker Ratings (Average User Rating)
| |
Sharekhan |
Upstox |
| |
274 Customer Reviews  |
46 Customer Reviews |
| Fees Ratings |
 |
 |
| Trading Brokerage Rating |
 |
 |
| Trading Platform Usability |
|
 |
| Customer Service Ratings |
 |
 |
| Overall Ratings |
 |
 |
| Broker Rating |
Sharekhan is Rated 3.3 / 5 based on 274 customer reviews |
Upstox is Rated 2.5 / 5 based on 46 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
| |
Sharekhan |
Upstox |
| Stock / Equity
|
|
|
| Commodity
|
|
|
| Currency
|
|
|
| Initial Public Offers (IPO)
|
|
|
| Mutual Funds
|
|
|
| Bond / NCD
|
|
|
| Debt
|
|
|
| Other Investment Options
|
Loans, NRI Trading |
|
Customer Service Offered
| |
Sharekhan |
Upstox |
| 24/7 Customer Service
|
|
|
| Onine Live Chat
|
|
|
| Through Branches
|
|
|
Order Type
| |
Sharekhan |
Upstox |
| Bracket Order
|
|
|
| Cover Order
|
|
|
| Buy Today Sell Tomorrow (BTST)
|
|
|
| Sell Today Buy Tomorrow (STBT)
|
|
|
| After Market Order(AMO)
|
|
|
| Good Till Cancelled (GTC)
|
|
|
Research / Tips / Reports Published
| |
Sharekhan |
Upstox |
| Daily Market Report
|
|
|
| Free Tips
|
|
|
| Quarterly Result Analysis
|
|
|
| News Alerts
|
|
|
Suitable for Investor Category
| |
Sharekhan |
Upstox |
| Casual Investor
|
|
|
| Active Investor
|
|
|
| Trader
|
|
|
Pros, Cons and Other Review Comments
| |
Sharekhan |
Upstox |
| 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... |
- Upstox basic plan offers brokerage free trading in Equity Delivery segment.
- No brokerage for equity delivery trades.
- Free trading software including mobile and web trading app.
- Advance orders including AMO, CO and BO are available.
- Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
- AmiBroker connector available for Algo Trading.
- Mutual Funds are available for investment.
- Higher leverage is available under different brokerage plan.
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... |
- 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
|
|
Useful articles about Upstox:
|
| 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.
|
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
|
| Compare More Brokers |
|
|
Zerodha
Zero Account Opening Fee