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Sharekhan Vs Geojit
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Sharekhan Vs Geojit is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Sharekhan Vs Geojit so that you get a 360-degree view about which broker to go ahead with.
Here is a point by point comparison of Sharekhan Vs Geojit.
Sharekhan is one of India’s leading full-service brokers.
Founded back in the year 2000 and today with its presence in more than 575 cities of India, Sharekhan ranks among the top retail stockbrokers in India. The stockbroker has been recently sold out to Geojit for INR 2000 crore.
Geojit is one of the prominent full-service brokers in India with 8,00,000 clients across 509 offices across the country. At the same time, Geojit also has an international presence across middle eastern countries such as Saudi Arabia, Bahrain, UAE, Oman and Kuwait.
Full-service brokers such as Sharekhan or Geojit will help you, spoon feed you, hand hold you through the process, even if you need offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Sharekhan Vs Geojit to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Geojit BNP Paribas Review | Sharekhan Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1987 | 2000 |
| Number of branches across India | 509 | 1950 |
| Exchanges | BSE, NSE, MCX-SX | BSE, NSE, MCX, NCDEX, NSEL |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹425 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹450 |
| Transaction Charges | Geojit BNP Transaction Charges | Sharekhan Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | 0.5% |
| Intraday Delivery | 0.03% | 0.1% |
| Equity Futures | 0.03% | 0.1% |
| Equity Options | ₹125 per contract | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | 0.03% | 0.1% |
| Currency Options | ₹125 per contract | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | NA | 0.1% |
| Calculate Brokerage | Geojit BNP Brokerage Calculator | Sharekhan Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 10 times, For Delivery upto 7 days but with interest of 22%/annum | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | No additional leverage for Intraday | Upto 2 times for Intraday |
| Equity Options | No additional leverage for Intraday | No Leverage |
| Currency Futures | No additional leverage for Intraday | No Leverage |
| Currency Options | No additional leverage for Intraday | No Leverage |
| Commodities | NA | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | Sharekhan Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity |  | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | Sharekhan Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | Selfie Platinum, Selfie Gold, Mobile App | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
| Complaint Percentage of Active Clients | 0.01% | 0.01% |
| Complaints | Sharekhan Complaints | |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Geojit or Sharekhan for the benefits of other readers? Please feel free to share in the comments below.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Sharekhan Vs Geojit BNP Paribas
Overall Rating
