Sharekhan Vs Zerodha (Compare Sharekhan and Zerodha)

Sharekhan Vs Zerodha

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

	Sharekhan	Zerodha
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX	NSE, BSE, MCX and NCDEX
Account Type	Classic Account	Flat Brokerage Plan
Year of Incorporation	2000	2010
Number of Branches	2800	22
Broker Enquiry
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Sharekhan Vs Zerodha Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 200. Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Zerodha Demat Account AMC Charges is Rs 300.

	Sharekhan	Zerodha
Trading Account Opening Charges	Rs 0 (Free)	Rs 200
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 400 (Free for 1st year)	Rs 300

Sharekhan Vs Zerodha Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

	Sharekhan	Zerodha
Account Type	Classic Account	Flat Brokerage Plan
Fixed Charges
Equity Delivery Brokerage	0.50%	Rs 0 (Free)
Equity Intraday Brokerage	0.10%	Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.10%	Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage	Rs 50 per lot	Rs 20 per executed order
Currency Futures Trading Brokerage	0.10%	Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	Rs 30 per lot	Rs 20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage	0.03%	Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage	0.03%	Rs 20 per executed order or .03% whichever is lower
Special Offer	Special Offer: Get Free Trading + Demat Account (Rs 1150 waived on account opening) for limited time. Request a Callback.	Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

Sharekhan Vs Zerodha Brokerage Plan 2

	Sharekhan	Zerodha
Account Type	Prepaid - ₹1 Lakh	Flat Brokerage Plan
Fixed Charges	Rs 1,00,000 per year
Equity Delivery Brokerage	0.10%	Rs 0 (Free)
Equity Intraday Brokerage	0.015%	Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.015%	Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage	0.05% or Rs 63 per lot	Rs 20 per executed order
Currency Futures Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
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Sharekhan Vs Zerodha Brokerage Plan 3

	Sharekhan	Zerodha
Account Type	Margin - ₹1 Lakh	Flat Brokerage Plan
Fixed Charges	Rs 1,00,000 margin
Equity Delivery Brokerage	0.25%	Rs 0 (Free)
Equity Intraday Brokerage	0.05%	Rs 20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.05%	Rs 20 per executed order or .03% whichever is lower
Equity Options Brokerage	1% or Rs 70 per lot	Rs 20 per executed order
Currency Futures Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage		Rs 20 per executed order or .03% whichever is lower
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Sharekhan Charges Vs Zerodha

Minimum Brokerage Charges	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	0.03% in Intraday and F&O
Other Brokerage Charges		Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges	Rs 20	Rs 50 per executed order

Sharekhan Vs Zerodha Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

	Sharekhan	Zerodha
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side)	NSE Rs 200 per Cr (0.002%)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium)	NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures	NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%)	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options	NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium)	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%)	Group A - Rs 260 per Cr (0.0026%)
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Sharekhan Vs Zerodha Leverage (Margin)

Sharekhan provides the margin of Upto 10x for intraday trades whereas the Zerodha margin for intraday cash is Up to 20x (based on the stock).

	Sharekhan	Zerodha
Equity Delivery	Upto 5x with 24% interest per year	1x (no margin)
Equity Intraday	Upto 10x	Up to 20x (based on the stock)
Equity Futures	2x for Intraday	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Nil	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures	Nil	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Nil	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures	Upto 2x for Intraday	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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Compare Sharekhan and Zerodha Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

	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, Sharekhan Mobile	Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time	3:30 PM	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Other Features	Pattern finder, Class room training	Direct Mutual Funds, APIs for Algo Trading
Referral Program
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Sharekhan Vs Zerodha Review

Sharekhan is rated 3.3 of 5 based on 296 customer reviews whereas Zerodha is rated 3.7 of 5 based on 418 customer reviews.

	Sharekhan	Zerodha
	296 Customer Reviews	418 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Sharekhan is rated 3.3 of 5 based on 296 customer reviews	Zerodha is rated 3.7 of 5 based on 418 customer reviews

Sharekhan Vs Zerodha Investment Options

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

Sharekhan Vs Zerodha Order Type Offered

	Sharekhan	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Sharekhan Vs Zerodha Research Report

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

Sharekhan Vs Zerodha Suitable For Investor Type

	Sharekhan	Zerodha
Casual Investor
Active Investor
Trader

Sharekhan Vs Zerodha - Pros and Cons

	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.	Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Excellent trading platforms (Kite) available for free. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Brokerage is 0.03% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges. Direct Mutual Fund Investment is available. Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX. Zerodha Referral Program offers 10% broekrage share to clients you refer. Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
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 Rs 400 as AMC for trading account in addition to Rs 400 for demat account.	Doesn't provide stock tips, research reports or recommendations. Call & Trade is charged at extra Rs 50 order. Auto Square off is charged at extra Rs 50 order. Doesn't offer 3-in-1 account. Doesn't offer unlimited trading plans. Doesn't offer AMC Free Demat account.
Reviews
Promo / Offers	Free Trading & Demat Account (for limited time only) Get FREE Trading + Demat Account (Rs 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.	Free Equity Delivery Trading Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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1. 1. Which is better Zerodha vs Sharekhan?

   Zerodha and Sharekhan are different types of brokers. Zerodha is a discount broker whereas Sharekhan is a full-service broker. Here's a comparison between the 2 brokers on key services:

   Zerodha Vs Sharekhan

   Consideration	Zerodha	Sharekhan
   Incorporation	2010	2000
   Exchange Supported	NSE, BSE, MCX and NCDEX	BSE, NSE, MCX and NCDEX
   Brokerage Plans	Fixed Brokerage	Percentage based brokerage
   Trading Account Opening Fees	Rs 200	Free
   Demat Account AMC	Rs 300	Rs 400
   Trading Platform	Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile	TradeTiger, Sharekhan Mobile, Sharekhan Website
   Research Services	No	Yes
   Mutual Funds Services	Yes	Yes
   Relationship Manager	No	Yes
   Local Branch Support	No	Yes
   Handholding for beginners	No	Yes

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2. 2. Why Sharekhan is better than Zerodha?

   Sharekhan is a full-service broker while Zerodha is a discount stock broker. Sharekhan offers personalized services through its thousands of branches and franchise offices in almost every town in India while Zerodha is an online broker with no branches.

   Sharekhan is better than Zerodha for following reasons:

   • Full-service Broker

     Sharekhan is a Full-service broker offering complete trading and investment services including broking, demat, MF, Margin Funding, PMS and NRI services etc., whereas Zerodha, being a discount broker, limits its services to online trading and direct mutual funds. Sharekhan offers both online and offline trading whereas Zerodha offers only online trading.

   • Research & Advisory

     Sharekhan offers research and advisory services wherein it publishes reports on the economy, markets and different trading segments. The research team also recommends stocks based on technical and fundamental analysis.

   • Neighborhood Stores

     Sharekhan has over 3200 branches and franchise offices in more than 634 cities across India. Customers can visit these offices to avail its various services like account opening, trading and investing in mutual funds etc. Zerodha doesn't offer branch services as it has a very limited physical presence.

   • Relationship Manager (RM)

     Every Sharekhan customer is provided with an RM who is one point of contact for all the services including sales, support and investment help. Zerodha doesn't offer RM support. It is a do-it-yourself type of broker.

   • Free Call & Trade Services

     Sharekhan offers free call & trade service while Zerodha charges Rs 20 per executed order extra for broker-assisted trades.

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3. 3. Why Zerodha is better than Sharekhan?

   Zerodha is an online stock broker offering discount brokerage services to a customer who can trade or invest online by themselves with no help from the broker.

   Sharekhan is a full-service broker offering in-person services to customers through a network of branches. Customers can walk-in the neighborhood store and talk to people.

   Zerodha is better than Sharekhan for following reasons:

   • Brokerage

     Zerodha charges a fraction of brokerage in comparison to Sharekhan. Sharekhan charges a percentage based brokerage fee on the value of the trade. Zerodha follows a fixed brokerage model wherein a flat brokerage is charged from all.

   • Brokerage Free Stock Market Investment

     Zerodha offers brokerage free Equity Delivery trading which Sharekhan charges 0.55% brokerage.

   • Direct Mutual Fund

     Zerodha offers Direct Mutual Funds while Sharekhan offers only Regular Mutual Funds. Direct Mutual Fund offers an additional 1 to 2% yearly profits as the brokers are not paid any commissions by the Asset Management Company.

   • Online Trading Platform

     Zerodha's online trading platform Kite is superior and technologically advanced trading software.

   Unlike Sharekhan, Zerodha doesn't provide:

   • Services through branch offices. Zerodha offers online services.
   • Add-on services like research, advisory, PMS etc.
   • Stock recommendations and tips.
   • Customers trading assistance through dedicated RMs (Relationship Managers). Zerodha doesn't provide RM assistance to its customers.
   • Free call & trade services.
   • Margin Funding.

   Sharekhan and Zerodha Similarities

   • Trading services in NSE, BSE and MCX.
   • Both offer proprietary trading platforms. Sharekhan offers TradeTiger and Zerodha offers
   • Offers 2-in-1 trading accounts combing trading and demat accounts

   Conclusion

   Sharekhan and Zerodha are different types of stock brokers catering to different trading needs. Sharekhan caters to beginners to intermediate traders who need research services in addition to trading services. Zerodha works well for experienced traders who are looking for low brokerage and can research and trade on their own.

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4. 4. Why Sharekhan is best?

   Sharekhan is one of the best full-service brokers in the country. Here are a few reasons to choose Sharekhan as a stock broker:

   • Part of BNP Paribas, a leading bank in the Eurozone.
   • Multiple trading platforms to choose from as per your needs. This includes an online trading website, Installable trading software, mobile app, Dial n trade and in-person trade through branch offices.
   • Offers a range of brokerage plans to suit individual customers.
   • Online and classroom training, seminars and workshops to investors.
   • No charges for Online Funds Transfer to the trading account and Pay-out to the bank account.
   • Free Call & Trade
   • Over 2 decades of stock broking experience.
   • Research and advisory services.
   • Pan India network with 3200 outlets in 634 cities.
   • 20+ lakh customers.

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