Sharekhan Vs Zerodha
| |Sharekhan Vs Zerodha 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 Zerodha so that you get a 360-degree view about which broker to go ahead with.
Watch this Video in Hindi at the end of the page!
Here is a point by point comparison of Sharekhan Vs Zerodha.
Hear this podcast and learn the difference between Sharekhan Vs Zerodha:
Zerodha, a leading discount broker in India is one of the prominent names in the stock trading business today while Sharekhan has built a brand reputation since its existence in 2000.
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.
Everything about discount brokers such as Zerodha is internet based, be it – customer service, trading, account opening etc. 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 Zerodha 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 preference 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.
Must Read: Groww Vs Zerodha
This is how both these stockbrokers stack up against each other:
Zerodha Review | Sharekhan Review | |
OVERVIEW | ||
Incorporated In the Year | 2010 | 2000 |
Number of branches across India | 70 | 1950 |
Exchanges | BSE, NSE, MCX, MCX-SX | BSE, NSE, MCX, NCDEX, NSEL |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹200 (₹300 if you want Zerodha to courier account opening forms) | ₹750 |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹100 | ₹0 |
Demat Account Annual Maintenance Charges | ₹300 | ₹450 |
Transaction Charges | Zerodha Brokerage | Sharekhan Brokerage |
BROKERAGE | ||
Equity Delivery | ₹0 | 0.5% |
Equity Intraday | 0.01% or ₹20 per trade whichever is lower | 0.1% |
Equity Futures | 0.01% or ₹20 per trade whichever is lower | 0.1% |
Equity Options | 0.01% or ₹20 per trade whichever is lower | ₹100 or 2.5% on Premium (whichever is higher of the two) |
Currency Futures | 0.01% or ₹20 per trade whichever is lower | 0.1% |
Currency Options | 0.01% or ₹20 per trade whichever is lower | ₹100 or 2.5% on Premium (whichever is higher of the two) |
Commodity | 0.01% or ₹20 per trade whichever is lower | 0.1% |
Calculate Brokerage | Zerodha Brokerage Calculator | Sharekhan Brokerage Calculator |
TRANSACTION CHARGES | ||
Equity Delivery | 0.0325% | 0.1% (Both Sides) |
Intraday Delivery | 0.0325% | 0.025% |
Equity Futures | 0.0210% | 0.0170% |
Equity Options | 0.53% | 0.0170% |
Currency Futures | 0.0135% | 0.0170% |
Currency Options | 0.44% | 0.0170% |
Commodity | 0.0027% | 0.0027% |
Transaction Charges | Zerodha Transaction Charges | Sharekhan Transaction Charges |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 5 times for Intraday | Upto 10 Times for Intraday & 5 Times for Delivery |
Equity Futures | Upto 5 times to 20 times for Intraday | Upto 2 times for Intraday |
Equity Options | Upto 5 times to 20 times for Intraday | No Leverage |
Currency Futures | Upto 5 times for Intraday | No Leverage |
Currency Options | Upto 5 times for Intraday | No Leverage |
Commodities | Upto 5 times for Intraday | Upto 2 times for Intraday |
Margin | Zerodha Margin | |
RESEARCH | ||
Daily Market Reports | ||
Tips/Recommendations | ||
Quarterly Analysis | ||
News Alerts | ||
Trade Reports | ||
P&L Reports | ||
Contract Notes | ||
Research | NA | 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 | Zerodha 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) | Zerodha Pi, Zerodha Kite, Zerodha Kite Mobile App, NEST Trader | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
Complaint Percentage of Active Clients | 0.01% | 0.01% |
Compaints | Zerodha Complaints | Sharekhan Complaints |
OVERALL RATING | ||
*NSE Complaints Percentage: Lower is this number, Better is the broker.
From the above table, it is pretty clear that between Sharekhan Vs Zerodha, Sharekhan is better in the following areas mentioned below:
- Offline branches
- Stockbroker background
- Transaction charges
- Research
- Customer Service
- Robo Advisory
At the same time, in this Sharekhan Vs Zerodha comparison, Zerodha comes out better in:
- Account opening charges
- Brokerage
- Trading platforms, especially mobile trading app
- Margin
- Customer education
Thus, depending on what matters to you more, you can decide the specific broker for yourself accordingly.
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 stock brokers? If yes, would you like to share your experience(s) with Sharekhan Vs Zerodha for the benefits of other readers?
Please feel free to share in the comments section 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.
Hindi Video: