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Sharekhan Vs Wisdom Capital
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Sharekhan Vs Wisdom Capital 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 Wisdom Capital 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 Wisdom Capital.
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 second in retail stockbroking in India. The stockbroker has been recently sold out to Geojit for INR 2000 crore.
Wisdom Capital is a subsidiary of Ashlar Group of companies with a focus on retail discount stockbroking. Launched in 2013, Wisdom capital was the first stockbroker that introduced at lifetime brokerage plan wherein clients need to pay just once and they won’t be charged for brokerage across their life.
Discount brokers such as Wisdom Capital offer trading services at much cheaper brokerage rates and reasonable customer service.
On the other hand, Full-service brokers such as Sharekhan 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.
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 Wisdom Capital 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.
 |  | |
| Wisdom Capital Review | Sharekhan Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2013 | 2000 |
| Number of branches across India | 250 | 1950 |
| Exchanges | NSE, BSE, MCX – SX, MCX and USE | BSE, NSE, MCX, NCDEX, NSEL |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹999 Lifetime | ₹450 |
| Transaction Charges | Wisdom Capital Transaction Charges | Sharekhan Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.5% |
| Intraday Delivery | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.1% |
| Equity Futures | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.1% |
| Equity Options | ₹9 per executed order OR ₹999 per month for Unlimited Trades | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.1% |
| Currency Options | ₹9 per executed order OR ₹999 per month for Unlimited Trades | ₹100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | ₹9 per executed order OR ₹999 per month for Unlimited Trades | 0.1% |
| Calculate Brokerage | Wisdom Capital Brokerage Calculator | Sharekhan Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | 5 times to 40 times depending on the Brokerage plan | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | 5 times to 20 times depending on the Brokerage plan | Upto 2 times for Intraday |
| Equity Options | 5 times to 40 times depending on the Brokerage plan | No Leverage |
| Currency Futures | 4 times to 15 times depending on the Brokerage plan | No Leverage |
| Currency Options | 4 times to 15 times depending on the Brokerage plan | No Leverage |
| Commodities | 5 times to 20 times depending on the Brokerage plan | 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) | NEST, NSE NOW, BOLT | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
| Complaints Percentage | 63 | 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.
Also, check out some of the other stockbroker comparisons you might be interested in.
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 Wisdom Capital 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 Wisdom Capital
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