Sharekhan Vs Networth Direct

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Sharekhan Vs Networth Direct 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 Networth Direct so that you get a 360-degree view about which broker to go ahead with.

Sharekhan Vs Networth Direct Comparison

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 BNP Paribas for INR 2000 crore.

Networth Direct (earlier called Monarch Networth) is a full-service stockbroker based out of Ahmedabad with a total employee strength of around 650. The broker is known for a wide range of trading and investment products along with decent research quality. Furthermore, the broker has an offline presence in around 325 locations across different parts of India.

Full-service brokers such as Networth Direct and 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 etc.

To make things easy for you, we have listed out the comparison between Sharekhan and Networth Direct 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

Sharekhan Vs Networth Direct Details

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.



	Networth Direct Review	Sharekhan Review
OVERVIEW
Incorporated In the Year	1995	2000
Number of branches across India	325	1950
Exchanges	NSE, BSE, MCX-SX, MCX and NCDEX	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	₹400	₹450
Transaction Charges	Monarch Networth Transaction Charges	Sharekhan Transaction Charges
BROKERAGE
Equity Delivery	0.3% to 0.1%	0.5%
Intraday Delivery	0.05% to 0.03%	0.1%
Equity Futures	0.05% to 0.03%	0.1%
Equity Options	₹60 to ₹25 per lot	₹100 or 2.5% on Premium (whichever is higher of the two)
Currency Futures	0.05% to 0.03%	0.1%
Currency Options	₹60 to ₹25 per lot	₹100 or 2.5% on Premium (whichever is higher of the two)
Commodity	0.05% to 0.03%	0.1%
Calculate Brokerage	Networth Capital Brokerage Calculator	Sharekhan Brokerage Calculator
TRANSACTION CHARGES
Equity Delivery	0.00325%	0.1% (Both Sides)
Intraday Delivery	0.00325%	0.025%
Equity Futures	0.0019%	0.0170%
Equity Options	0.050%(on Premium)	0.0170%
Currency Futures	0.00115%	0.0170%
Currency Options	0.040%(on Premium)	0.0170%
Commodity	0.0026%	0.0027%
EXPOSURE OR LEVERAGE
Equity	Upto 10 times for Intraday, & 3 times for Delivery	Upto 10 Times for Intraday & 5 Times for Delivery
Equity Futures	Upto 3 times Intraday	Upto 2 times for Intraday
Equity Options	No Leverage	No Leverage
Currency Futures	Upto 2 times Intraday	No Leverage
Currency Options	No Leverage	No Leverage
Commodities	Upto 3 times Intraday	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)	MNCL Mobile, N-Easy, N-Swift	Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini
Complaint Percentage for Active Clients	0.07%	0.01%
Complaints		Sharekhan Complaints
OVERALL RATING
	Get a Callback	Get a Callback

*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 Networth Direct 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.