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Sharekhan Vs Zerodha Share Broker Comparison

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

	Sharekhan	Zerodha
	Sharekhan Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	Zerodha Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

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...	Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnage	BSE, NSE, MSEI, MCX	NSE, BSE, MCX and NCDEX
Account Type	Classic Account	Standard Plan
Broker Enquiry

Stock Broker Fees / Charges

	Sharekhan	Zerodha
Trading Account Opening Fees	₹0 (Free)	₹300
Trading Account AMC	₹0 (Free)	₹0 (Free)
Demat Account Opening Fees	₹0 (Free)	₹100
Demat Account AMC	₹400 (Free for 1st year)	₹300
Demat Account is Mandatory?	No	No

Trading Brokerage Charges

Brokerage Plan 1

	Sharekhan	Zerodha
Account Type	Classic Account	Standard Plan
Fixed Charges
Equity Delivery Brokerage	0.50%	₹0 (Free)
Equity Intraday Brokerage	0.10%	₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.10%	₹20 per executed order or .01% whichever is lower
Equity Options Brokerage	₹100 per lot	₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage	0.10%	₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage	₹30 per lot	₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage	0.10%	₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Brokerage Plan 2

	Sharekhan	Zerodha
Account Type	Prepaid - ₹1 Lakh	Standard Plan
Fixed Charges	₹1,00,000 per year
Equity Delivery Brokerage	0.10%	₹0 (Free)
Equity Intraday Brokerage	0.015%	₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.015%	₹20 per executed order or .01% whichever is lower
Equity Options Brokerage	0.05% or ₹63 per lot	₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage		₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage		₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage		₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Brokerage Plan 3

	Sharekhan	Zerodha
Account Type	Margin - ₹1 Lakh	Standard Plan
Fixed Charges	₹1,00,000 margin
Equity Delivery Brokerage	0.25%	₹0 (Free)
Equity Intraday Brokerage	0.05%	₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.05%	₹20 per executed order or .01% whichever is lower
Equity Options Brokerage	1% or ₹70 per lot	₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage		₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage		₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage		₹20 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: ₹1 per SMS
Call & Trade Charges		₹20 per executed order

Taxes

	Sharekhan	Zerodha
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	Zerodha
Equity Delivery	NSE ₹325 \| BSE ₹275	NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Intraday	NSE ₹325 \| BSE ₹275	NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Futures	NSE ₹190 \| BSE ₹50	NSE ₹210 per crore \| BSE ₹1 per trade (each side)
Equity Options	NSE ₹5000 \| BSE ₹50	NSE ₹5300 per crore \| BSE ₹1 per trade (each side)
Currency Futures	NSE ₹135 \| MCX ₹130	NSE ₹135 per crore (0.00135%)
Currency Options	NSE ₹4220 \| MCX ₹3220	NSE ₹4400 (on premium) per crore (0.044%)
Commodity	MCX (Non-Agri) ₹230 \| MCX (Agri) ₹95	Non-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore

Exposure

	Sharekhan	Zerodha
Equity Delivery	6.67x for A group stock \| 5x to 2.5x for B group stock	1x (no margin)
Equity Intraday	10x for A & B group stock	Up to 20x (based on the stock)
Equity Futures	66.67x for Indices futures \| 40x to 22.5x for stock futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	0x	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures		Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options		Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity		Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span

Share Broker Features

	Sharekhan	Zerodha
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	Kite Web, Kite Android/iOS, Pi, Coin
Intraday Square-off Time	3:30 PM	3:10 PM
Other Features		Direct Mutual Funds

Broker Ratings (Average User Rating)

	Sharekhan	Zerodha
	274 Customer Reviews	322 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	Zerodha is Rated 3.8 / 5 based on 322 customer reviews

Contact Broker / Request A Call Back

	Sharekhan	Zerodha
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

Investment Options Available

	Sharekhan	Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, NRI Trading

Customer Service Offered

	Sharekhan	Zerodha
24/7 Customer Service
Onine Live Chat
Through Branches

Order Type

	Sharekhan	Zerodha
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	Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	Sharekhan	Zerodha
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	Sharekhan	Zerodha
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...	Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Excellent trading platforms made available for free to all its customers. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges. 10% referral credit for reffering new customers. Direct Mutual Fund Investment is available. Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX. 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...	Doesn't provide stock tips, research reports or recommendations. Call & Trade is charged at extra Rs 20 order. Doesn't provide options to invest in IPO, Bond and NCD's public offers. Margin funding is not available. GTC/GTD not available in Equity. More Disadvantages...
Reviews		Useful Articles about Zerodha: Frequent Asked Questions about Zerodha The cost of share trading with Zerodha Flat Fee Stock Trading Broker in India Zerodha Fund Transfer (Deposit & Withdrawal) RKSV Vs Zerodha - Comparison of Brokerage Charges, Fees and Taxes
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.	Truly free equity delivery trading Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
	Enquire about Sharekhan	Enquire about Zerodha
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	Sharekhan	Zerodha
Equity Delivery	NSE ₹325 \| BSE ₹275	NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Intraday	NSE ₹325 \| BSE ₹275	NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Futures	NSE ₹190 \| BSE ₹50	NSE ₹210 per crore \| BSE ₹1 per trade (each side)
Equity Options	NSE ₹5000 \| BSE ₹50	NSE ₹5300 per crore \| BSE ₹1 per trade (each side)
Currency Futures	NSE ₹135 \| MCX ₹130	NSE ₹135 per crore (0.00135%)
Currency Options	NSE ₹4220 \| MCX ₹3220	NSE ₹4400 (on premium) per crore (0.044%)
Commodity	MCX (Non-Agri) ₹230 \| MCX (Agri) ₹95	Non-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore