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Sharekhan Vs IIFL (Compare Sharekhan and IIFL)

The side-by-side comparison of Sharekhan and IIFL. Compare Sharekhan Vs IIFL brokerage, charges, exposure margin, demat account. Read IIFL and Sharekhan review.

Find out Sharekhan Vs IIFL which is better and Sharekhan Vs IIFL which is best.

Our Sharekhan comparison with IIFL Securities Limited highlights the major differences between two brokers. Find the best between Sharekhan and IIFL.

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Sharekhan Vs IIFL

  Sharekhan IIFL
Find more info about broker
Sharekhan Logo IIFL Securities Limited 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 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about IIFL Securities Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX NSE, BSE, MCX
Account Type Classic Account Standard Account
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 IIFL. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000 1996
Number of Branches 2800 900
Enquire Sharekhan Enquire IIFL
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Sharekhan Vs IIFL Charges

  Sharekhan IIFL
Trading Account Opening Fees ₹0 (Free) ₹750
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹555
Demat Account AMC ₹400 (Free for 1st year) ₹ 400 (One time)
Demat Account is Mandatory? No No
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Sharekhan Vs IIFL Brokerage

Brokerage Plan 1

  Sharekhan IIFL
Account Type Classic Account Standard Account
Fixed Charges
Equity Delivery Brokerage 0.50% 0.50%
Equity Intraday Brokerage 0.10% 0.05%
Equity Futures Brokerage 0.10% 0.05%
Equity Options Brokerage ₹50 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage 0.10% ₹25 per lot
Currency Options Trading Brokerage ₹30 per lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.03% 0.05%
Commodity Options Trading Brokerage 0.03%
Special Offer
Special Offer: Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Brokerage Plan 2

  Sharekhan IIFL
Account Type Prepaid - ₹1 Lakh Standard Account
Fixed Charges ₹1,00,000 per year
Equity Delivery Brokerage 0.10% 0.50%
Equity Intraday Brokerage 0.015% 0.05%
Equity Futures Brokerage 0.015% 0.05%
Equity Options Brokerage 0.05% or ₹63 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage ₹25 per lot
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan IIFL
Account Type Margin - ₹1 Lakh Standard Account
Fixed Charges ₹1,00,000 margin
Equity Delivery Brokerage 0.25% 0.50%
Equity Intraday Brokerage 0.05% 0.05%
Equity Futures Brokerage 0.05% 0.05%
Equity Options Brokerage 1% or ₹70 per lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage ₹25 per lot
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share ₹0.05 per share
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges Rs 20 ₹50 per call
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Sharekhan Vs IIFL Taxes

  Sharekhan IIFL
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Sharekhan Vs IIFL Transaction Charges

  Sharekhan IIFL
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.00325%
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) 0.00325%
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹50 per Cr (0.00035) (each side) 0.0021%
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium) 0.051% on premium
Currency Futures NSE ₹135 per Cr (0.00135%) | MCX ₹130 per Cr (0.00130%) 0.0021%
Currency Options NSE ₹4220 per Cr (0.04220%) | MCX ₹3220 per Cr (0.03220%) (on premium) 0.051% on premium
Commodity MCX (Non-Agri) ₹230 per Cr (0.0023%) | MCX (Agri) ₹95 per Cr (0.00095%) 0.0028%
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Sharekhan Vs IIFL Exposure Margin

  Sharekhan IIFL
Equity Delivery Upto 5x with 24% interest per year Upto 3x with 18% interest per year
Equity Intraday Upto 10x Upto 20x
Equity Futures 2x for Intraday Upto 3x
Equity Options Nil 3x for shorting
Currency Futures Nil Upto 2x
Currency Options Nil 2x for shorting
Commodity Futures Upto 2x for Intraday Upto 3x
Commodity Options
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Sharekhan and IIFL Feature Comparison

  Sharekhan IIFL
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile TT Exe, TT Web, IIFL Markets
Intraday Square-off Time 3:30 PM
Other Features Pattern finder, Class room training Market Mantra, Loyalty Points
Referral Program
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Sharekhan Vs IIFL Review

  Sharekhan IIFL
  283 Customer Reviews    Rate Sharekhan 108 Customer Reviews    Rate IIFL
Fees 3.1 2.9
Trading Brokerage 2.9 2.6
Trading Platform Usability 3.7 3.3
Customer Service 3.4 2.7
Research Capabilities 4.5 3.0
Overall Ratings Rated 3.3 stars Rated 2.7 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 283 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Enquire IIFL Enquire
Contact Broker

Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

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Sharekhan Vs IIFL Investment Options

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

  Sharekhan IIFL
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Sharekhan Vs IIFL Order Type Offered

  Sharekhan IIFL
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes
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Sharekhan Vs IIFL Research Report

  Sharekhan IIFL
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Sharekhan Vs IIFL Suitable For Investor Type

  Sharekhan IIFL
Casual Investor Yes Yes
Active Investor Yes
Trader
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Sharekhan Vs IIFL - Advantages and Disadvantages

  Sharekhan IIFL
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. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

Reviews
Promo / Offers

Free Trading & Demat Account (for limited time only)

Get 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.

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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