Sharekhan is a Full Service Broker that was founded in 2000. It trades on the BSE, NSE, and MCX. It has 2800 locations throughout India. Zerodha is a discount broker that was founded in 2010. It trades on the NSE, BSE, MCX, and NCDEX. It has 22 locations in India.
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Zerodha vs Sharekhan
Before talking about Zerodha vs Sharekhan, Let’s Talk about What is Shrekhan & Zerodha:
Shrekhan
Sharekhan is India’s third largest stock broker, having been founded in February 2000. (after ICICI Direct and HDFC Securities).
Sharekhan offers trading platform via its online trading platform Sharekhan.com and 1800 offices in over 550 locations across India, including branches and franchisees.
Sharekhan has grown tremendously over the last ten years, thanks to its highly popular online trading system and a network of franchisees in nearly every area of India. Sharekhan also has a global presence.
Zerodha
India’s No. 1 brokerage is Zerodha. It is the world’s biggest and most famous online discount trading firm including solutions in equity, currency, commodities, initial public offerings, and direct mutual funds.
For stock delivery transactions and direct mutual funds, Zerodha charges no brokerage. It charges a flat Rs 20 or 0.03 percent (whichever is lesser) each intraday and F&O trade.
The highest fee you pay with Zerodha for any trade is Rs 20 for each order (of any size, amount or section).
Difference Between Sharekhan and Zerodha
- The cost of creating a Sharekhan brokerage account is Rs 0 (free), but the cost of registering a Zerodha brokerage account is Rs 250. AMC fees for Sharekhan Demat Accounts are Rs 400 (free for the first year) and Rs 300 for Zerodha Demat Accounts.
- Sharekhan costs 0.50 percent for equities and 0.10 percent for intraday, while Zerodha costs Rs 0 (Free) for equity and Rs 20 per completed order or.03 percent whichever is lesser for intraday.
- Sharekhan fees NSE Rs 5000 per crore (0.05 percent) | BSE Rs 50 per crore (0.0005 percent) (on premium) for options transactions, whereas Zerodha charges NSE Rs 5300 per crore (0.053 percent) for options transactions (on premium).
Zerodha Vs Sharekhan
| Basis | Sharekhan | Zerodha |
|---|---|---|
| Type of Brokerage | Full Service Brokerage | Discount Brokerage |
| Membership | BSE, NSE, and MCX | NSE, BSE, MCX & NCDEX |
| Founded | 2000 | 2010 |
| Number of offices | 2800 | 22 |
Zerodha Vs Sharekhan Fees & AMC
| Sharekhan | Zerodha | |
|---|---|---|
| Fee For Trading Account Opening | Free | INR 250 |
| Annual Maintenance charges | Free | Free |
| Fee For Demat Account Opening | Free | Free |
| Annual Maintenance charges | INR 400 (Free for First year) | INR 300 |
Zerodha Vs Sharekhan Brokerage Fee & Plans
| Sharekhan | Zerodha | |
|---|---|---|
| Account | Classic Account | Flat Brokerage Plan |
| Fixed Charges | Free | Free |
| Delivery Trade | 0.50 Percent | Free |
| Intraday Trade | 0.10 Percent | INR 20 per trade or .03 percent whichever is less |
| Futures Trade | 0.10 Percent | INR 20 per trade or .03 percent whichever is less |
| Options Trade | INR 50 per lot | INR 20 per Trade order |
| Currency Trade in Futures | 0.10 Percent | INR 20 per trade or .03 percent whichever is less |
| Currency Trade in Options | INR 30 per lot | INR 20 per trade or .03 percent whichever is less |
| Commodity Trade in Futures | 0.03 Percent | INR 20 per trade or .03 percent whichever is less |
| Commodity Trade in Options | 0.03 percent | INR 20 per trade or .03 percent whichever is less |
| Special Promotion |
Request a Callback for INR 0 Account Opening Fees + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Platform
|
Zerodha Vs Sharekhan Brokerage Plan 2
| Sharekhan | Zerodha | |
|---|---|---|
| Account | Margin INR 1 Lakh | Flat Brokerage Plan |
| Fixed Charges | Rs 1,00,000 per year | Free |
| Delivery Trade | 0.10 Percent | Free |
| Intraday Trade | 0.015 Percent | INR 20 per trade or .03 percent whichever is less |
| Futures Trade | 0.015 Percent | INR 20 per trade or .03 percent whichever is less |
| Options Trade | 0.05% or Rs 63 per lot | INR 20 per Trade order |
| Currency Trade in Futures | INR 20 per trade or .03 percent whichever is less | |
| Currency Trade in Options | INR 20 per trade or .03 percent whichever is less | |
| Commodity Trade in Futures | INR 20 per trade or .03 percent whichever is less | |
| Commodity Trade in Options | INR 20 per trade or .03 percent whichever is less |
sharekhan brokerage charges vs zerodha Plan 3
| Sharekhan | Zerodha | |
|---|---|---|
| Account | Margin 1 Lakh | Flat Brokerage Plan |
| Fixed Charges | Rs 1,00,000 per year | Free |
| Delivery Trade | 0.25 Percent | Free |
| Intraday Trade | 0.05 Percent | INR 20 per trade or .03 percent whichever is less |
| Futures Trade | 0.05 Percent | INR 20 per trade or .03 percent whichever is less |
| Options Trade | 1 Percent or Rs 70 per lot | INR 20 per Trade order |
| Currency Trade in Futures | INR 20 per trade or .03 percent whichever is less | |
| Currency Trade in Options | INR 20 per trade or .03 percent whichever is less | |
| Commodity Trade in Futures | INR 20 per trade or .03 percent whichever is less | |
| Commodity Trade in Options | INR 20 per trade or .03 percent whichever is less |
Zerodha vs Sharekhan Fee
| Minimum Fee | Intraday: 5 paisa per stock | Delivery: 10 paisa per stock | Future Rs 0.001 per stock | 0.03 percent in Intraday and F&O |
| Other Fee | Physical contact notes: INR 20, Trade SMS Alerts: INR 1 per SMS | |
| Call & Trade Free | INR 20 | INR 50 per trade |
Transaction Fee (sharekhan charges vs zerodha)
| Basis | Sharekhan | Zerodha |
|---|---|---|
| Delivery Trade | NSE INR 325 per Cr (0.00325%) | BSE INR 275 per Cr (0.00275%) (Both side) | NSE INR 345 per Cr (0.00345%) | BSE INR 300 per Cr (0.003%) (Both side) |
| Intraday Trade | NSE INR 325 per Cr (0.00325%) | BSE INR 275 per Cr (0.00275%) (Both side) | NSE INR 345 per Cr (0.00345%) | BSE INR 300 per Cr (0.003%) (Both side) |
| Futures Trade | NSE INR 190 per Cr (0.0019%) | BSE INR 50 per Cr (0.00035) (Both side) | NSE INR 200 per Cr (0.002%) |
| Options Trade | NSE INR 5000 per Cr (0.05%) | BSE INR 50 per Cr (0.0005%) (on premium) | NSE INR 5300 per Cr (0.053%) (on premium) |
| Currency Trading Futures | NSE INR 135 per Cr (0.00135%) | MCX INR 130 per Cr (0.00130%) | NSE INR 90 per Cr (0.0009%) | BSE INR 22 per Cr (0.00022%) |
| Currency Trading Options | NSE INR 4220 per Cr (0.04220%) | MCX INR 3220 per Cr (0.03220%) (on premium) | NSE INR 3500 per Cr (0.035%) | BSE INR 100 per Cr (0.001%) (on premium) |
| Commodity Trade | MCX (Non-Agri) INR 230 per Cr (0.0023%) | MCX (Agri) INR 95 per Cr (0.00095%) | Group A – INR 260 per Cr (0.0026%) |
Leverage (Margin Sharekhan Vs Zerodha)
| Basis | Sharekhan | Zerodha |
|---|---|---|
| Delivery Trade | 1x (No Leverage) | 1x (No Leverage) |
| Intraday Trade | Up to 6x (Depending on the Share) | Up to 6x (Depending on the share) |
| F&O Trade | Intraday – 1.3x, Carry forward – 1x of NRML Leverage (Span & Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML Leverage (Span & Exposure) |
| Currency Trading Futures | Intraday – 1.3x, Carry forward – 1x of NRML Leverage (Span & Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML Leverage (Span & Exposure) |
| Commodity Trading Futures | Intraday – 1.3x, Carry forward – 1x of NRML Leverage (Span & Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML Leverage (Span & Exposure) |
Comparing Zerodha Vs Sharekhan Platforms
| Tradetiger & Sharekhan mobile | Kite | |
|---|---|---|
| Three in One Account | No | No |
| Charts | Yes | Yes |
| Automatic Trading | No | Yes |
| SMS notification | Yes | No |
| Digital Demo | Yes | Yes |
| Digital Portfolio | Yes | No |
| Margin Trade Funding | Yes | No |
| Margin Against stock (Equity Cash) | Yes | |
| Margin Against Stock (Equity F&O) | Yes | |
| Trading Systems | TradeTiger & Sharekhan Mobile | Kite Web & Kite Mobile for Android/iOS as well as Coin |
| Intraday Trading Square-off Time | 3:30 PM | Eq Cash: 3:20 PM | Eq F&O : 3:20 PM | Currency: 4:40 PM | Commodity: 30 min before close |
| Other Options | Pattern finder & Class room training | Direct Mutual Funds & APIs for Algo Trading |
| Referral Program | Yes |
Review(Zerodha Vs Sharekhan)
| Sharekhan | Zerodha | |
|---|---|---|
| 5k Customer Reviews | 9k Customer Reviews | |
| Charges | 3.5 out of 5 | 3.8 out of 5 |
| Broker Fee | 2.5 out of 5 | 3.5 out of 5 |
| Trading System | 4.3 out of 5 | 4.2 out of 5 |
| Customer Assistance | 4.8 out of 5 | 4.1 out of 5 |
| Research abilities | 3.2 out of 5 | 2.5 out of 5 |
| Total Ratings | 4.7 out of 5 | 4.2 out of 5 |
| Brokerage Rating | Sharekhan is rated 4.7 of 5 by 5k customer reviews | Zerodha is rated 4.2 of 5 by 9k customer reviews |
Investment Options ( Zerodha Vs Sharekhan)
| Sharekhan | Zerodha | |
|---|---|---|
| Share / Equity | Yes | Yes |
| Commodites | Yes | Yes |
| Currency Trading | Yes | Yes |
| Initial Public Offering | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Bond & NCD | Yes | No |
| Debt | Yes | No |
| Other Investment Features | Loans & NRI Trading |
Order Types (Zerodha Vs Sharekhan)
| Order Tyes | Sharekhan | Zerodha |
|---|---|---|
| Bracket Order | Yes | No |
| Cover Order | Yes | Yes |
| BTST(Buy Today Sell Tomorrow) | Yes | Yes |
| STBT (Sell Today Buy Tomorrow) | No | No |
| After Market Order | Yes | Yes |
| Good Till Cancelled | Yes | Yes |
Research Analysis (Zerodha Vs Sharekhan)
| Basis | Sharekhan | Zerodha |
|---|---|---|
| Regular Market Report | Yes | No |
| Free Stock ideas | Yes | No |
| Quarterly Result Research | Yes | No |
| News Notification | Yes | No |
Fit For Investor ( Zerodha Vs Sharekhan)
| Investor | Sharekhan | Zerodha |
|---|---|---|
| Long term Investor | Yes | Yes |
| Active Investor | Yes | Yes |
| Intraday Trader | No | Yes |
Advantage and Disadvantage (Zerodha Vs Sharekhan)
| Basis | Sharekhan | Zerodha |
|---|---|---|
| Advantages |
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| Disadvantages |
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Major Comparison Between Zerodha and Sharekhan
Various sorts of brokers exist, such as Zerodha and Sharekhan. Sharekhan is a full-service broker, while Zerodha is a cheap broker. On important services, here’s a summary of the two brokers:
Zerodha Vs Sharekhan
| Consideration | Zerodha | Sharekhan |
| Founded | 2010 | 2000 |
| Exchanges | NSE, BSE, MCX & NCDEX | BSE, NSE & MCX |
| Stockbroker Plans | Flat charges | 3 Plans |
| Trading Account Opening Charges | INR 250 | Free |
| Annual Maintenance Charges | INR 300 | INR 400 |
| Trading System | Kite Web, Kite Android/iOS, Pi, Coin & Kite mobile | TradeTiger, Sharekhan Mobile & Sharekhan Website |
| Research analysis | No | Yes |
| Mutual Funds Facility | Yes | Yes |
| Relationship Assistance | No | Yes |
| Local Branch Assistance | No | Yes |
| Handholding for Newbie | No | Yes |
Zerodha vs Sharekhan which is best?
After Zerodha Vs Sharekhan let’s check out which is best? Zerodha is a cheap stock broker, whereas Sharekhan is a full-service broker. Sharekhan provides customised services through its hundreds of branches and franchise offices across India, whereas Zerodha is an internet broker with no physical locations.
Sharekhan is better than Zerodha for following reasons:
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Full-service Broker
Sharekhan is a full-service broker that provides a wide range of trading and investing services, such broking, demat, mutual funds, margin funding, PMS, and NRI services, among others, while Zerodha, as a discount broker, focuses on online trading and direct mutual funds. Sharekhan allows you to trade both online and offline, but Zerodha only allows you to trade online.
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Research & Advisory
Sharekhan provides studies on the economy, markets, and other trading categories as part of its research and advising services. Stocks are also recommended by the analysis team depending on technical and fundamental analysis.
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Neighborhood Stores
In India, Sharekhan has around 3200 offices and franchise operations in over 634 towns. Clients can visit these locations to take advantage of the company’s many services, such as account opening, trading, and mutual fund investment, among others. Due to its little physical footprint, Zerodha does not offer branch services.
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Relationship Manager (RM)
Every Sharekhan customer is assigned a Relationship Manager (RM), who serves as a single point of contact for all services, comprising sales, support, and financial advice. Zerodha does not provide RM assistance. It’s a sort of broker that you may accomplish on your own.
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Free Call & Trade Services
For broker-assisted transactions, Sharekhan provides a free call and trade service, whereas Zerodha charges an additional Rs 20 per executed order.
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Zerodha is better than Sharekhan for following reasons:
Zerodha is an online stock brokerage that provides inexpensive brokerage services to customers who wish to trade or invest online without the assistance of a broker.
Sharekhan is a full-service broker with a network of locations that provides in-person services to consumers. Clients may stroll into the local store and chat to the staff.
Zerodha is better then Sharekhan due to following reasons:
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Brokerage
In compared to Sharekhan, Zerodha costs a fraction of the brokerage. Sharekhan levies a percentage-based brokerage commission depending on the trade’s value. Zerodha uses a fixed brokerage model, in which all customers pay a single fee.
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Brokerage Free Stock Market Investment
Sharekhan charges 0.55 percent commission on Equity Delivery trading, but Zerodha does not.
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Direct Mutual Fund
Sharekhan exclusively offers Regular Mutual Funds, but Zerodha provides Direct Mutual Funds. Because the Asset Management Company does not pay fees to the brokers, Direct Mutual Funds provide an extra 1 to 2% annual profit.
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Online Trading Platform
Kite, Zerodha’s online trading system is outstanding trading software with cutting-edge technology.
Unlike Sharekhan, Zerodha doesn’t provide:
- Branch offices provide services. Zerodha is a company that provides services through the internet.
- Research, advice, and PMS are examples of add-on services.
- Stock suggestions and ideas.
- Through specialised RMs, customers may trade help (Relationship Managers). Customers of Zerodha are not offered RM help.
- Free call and trade services are available.
- Margin funding is a term that refers to the funding of a business.
Sharekhan and Zerodha Similarities
- NSE, BSE, and MCX trading services are available.
- Both have their own trading systems. Sharekhan provides a variety of services. Offers from TradeTiger and Zerodha
- Offers Trading and demat accounts are combined in two-in-one trading accounts.
Why Sharekhan is best?
Sharekhan is among the Nation’s leading full-service brokers. Here are some of the benefits of using Sharekhan as a stock broker:
- Part of BNP Paribas, a prominent Eurozone bank.
- You may select from a variety of trading platforms depending on your requirements. An online trading platform, installable trading program, mobile app, dial-n-trade, and in-person trade through regional offices are all included.
- Provides a variety of brokerage programmes to fit the needs of individual consumers.
- Investors get online and classroom training, as well as seminars and workshops.
- There are no fees for using online funds. Pay-out to the bank account and deposit to the trading account
- Free Trade & Call
- With over two decades of stockbroking knowledge, you can trust us.
- Advisory and research solutions.
- With 3200 stores in 634 cities across India, the company has a pan-India presence.
- 2 Million Customers
Conclusion
Various sorts of stock brokers, such as Sharekhan and Zerodha, cater to different trading demands. Beginner to advanced traders that want research services in addition to trading platforms are catered to by Sharekhan. Zerodha is a good option for experienced traders searching for minimal brokerage and the ability to research and trade independently.
This is all from our side Zerodha vs Sharekhan. However, if you have any doubts you can just comment below.
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FAQ
Zerodha Brokerage Charges ?
There charges are INR 20 Flat.
Sharekhan Opening Account Charges?
Sharekhan Account Opening is Free of Charge.
Zerodha Opening Account Charges?
Zerodha Account Opening is INR 250.
Zerodha Intraday Charges?
Zerodha Intraday Charges are flat INR 20.
Sharekhan Intraday Charges?
Sharekhan Intraday Charges are 0.10 Percent of total Trade.
