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FundsIndia Vs Sharekhan
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FundsIndia Vs Sharekhan 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 FundsIndia Vs Sharekhan so that you get a 360-degree view about which broker to go ahead with.
Here is a point by point comparison of FundsIndia Vs Sharekhan.
Sharekhan has built a brand reputation as a full-service stockbroker since its existence from 2000. Full-service brokers such as Sharekhan, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
FundsIndia, on the other hand, is an investment services firm which was incorporated back in the year 2009.
Primarily know for mutual funds, this stockbroker also allows you to trade in Equities and few other investment products at low cost. Discount brokers such as FundsIndia offer trading services at much cheaper brokerage rates and reasonable customer service.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
Depending on the trader’s preference, both of these stockbrokers have a lot to offer to the trader. We have listed down some of the primary aspects that customers generally check before finalizing the broker.
To make things easy for you, we have listed out the comparison between FundsIndia Vs Sharekhan 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.
 |  | |
| FundsIndia Review | Sharekhan Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2009 | Sharekhan Review |
| Number of branches across India | 1 | 1950 |
| Exchanges | SEBI | BSE, NSE, MCX, NCDEX, NSEL |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹200 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹450 |
| BROKERAGE | ||
| Equity Delivery | Min. ₹6, Max ₹20 | 0.5% |
| Intraday Delivery | Min. ₹6, Max ₹20 | 0.1% |
| Equity Futures | Min. ₹6, Max ₹20 | 0.1% |
| Equity Options | Min. ₹6, Max ₹20 | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | NA | 0.1% |
| Currency Options | NA | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | NA | 0.1% |
| Calculate Brokerage | FundsIndia Brokerage Calculator | Sharekhan Brokerage Calculator |
| TRANSACTION CHARGES | ||
| Equity Delivery | 0.0035% | 0.1% (Both Sides) |
| Intraday Delivery | 0.0035% | 0.025% |
| Equity Futures | 0.0170% | 0.0170% |
| Equity Options | 0.0170% | 0.0170% |
| Currency Futures | NA | 0.0170% |
| Currency Options | NA | 0.0170% |
| Commodity | NA | 0.0027% |
| Transaction Charges | FundsIndia Transaction Charges | Sharekhan Transaction Charges |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5 Times | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | Upto 5 Times | Upto 2 times for Intraday |
| Equity Options | Upto 5 Times | No Leverage |
| Currency Futures | NA | No Leverage |
| Currency Options | NA | No Leverage |
| Commodities | NA | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Trade Reports | | |
| P&L Reports | | |
| Contract Notes | | |
| 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 | | |
| Brokerage Calculator | | |
| Margin Calculator | | |
| Customer Training & Education | | |
| Instant Fund Withdrawl | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | FundsIndia Web, FundsIndia Mobile App | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
| Complaint Percentage of Active Clients | 0.02% | 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 FundsIndia Vs Sharekhan for the benefits of other readers? Please feel free to share in the comments below.
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FundsIndia Vs Sharekhan
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