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Sharekhan Vs Reliance Securities
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Sharekhan Vs Reliance Securities 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 Reliance Securities so that you get a 360-degree view about which broker to go ahead with.
Reliance Securities is the trading arm of Reliance Capital and comes under the cohort of full-service brokers. It was founded in the year 2006 and currently has a customer base of 7 lakh with a presence in over 1700 branches.
Sharekhan at the same time is one of India’s leading brand is the stock broking Industry. However, it was bought in 2015 by BNP Paribas for a sum of INR 2000 Crore.
One major thing that differentiates Sharekhan from Reliance Securities is that Reliance Securities gets some leverage from the brand rapport gained through its banking services while Sharekhan has built its name in the full-service stockbroking industry by itself and is handsomely ahead than a lot of other full-service stock brokers in India.
Sharekhan has been recently sold out to BNP Paribas for INR 2000 crore.
Full-service stockbrokers such as Sharekhan, on the other hand, 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 Reliance Securities 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
- Other Features
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Reliance Securities Review | Sharekhan Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2006 | 2000 |
| Number of branches across India | 1700 | 1950 |
| Exchanges | NSE, BSE, & MCX-SX | BSE, NSE, MCX, NCDEX, NSEL |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹950 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹450 |
| Transaction Charges | Reliance Securities Transaction Charges | Sharekhan Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% to 0.08% | 0.5% |
| Intraday Delivery | 0.05% to 0.005% | 0.1% |
| Equity Futures | 0.05% to 0.005% | 0.1% |
| Equity Options | ₹7 to ₹10 per lot | INR 100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | 0.04% | 0.1% |
| Currency Options | ₹40 per lot | INR 100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | NA | 0.1% |
| Calculate Brokerage | Reliance Securities Brokerage Calculator | Sharekhan Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | Upto 3 times for Intraday | Upto 2 times for Intraday |
| Equity Options | No Leverage | No Leverage |
| Currency Futures | No Leverage | No Leverage |
| Currency Options | No Leverage | 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) | InstaExpress | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
| Complaint Percentage for Active Clients | 0.08% | 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 Sharekhan Vs Reliance Securities 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.
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A Digital Blogger
Date
Broker Name
Sharekhan Vs Reliance Securities
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