Zerodha vs ShareKhan – Point by Point Comparison

The comparison between Zerodha and Sharekhan, which provide services for online share trading, concludes these following clauses. On one hand, Sharekhan is a full service broker while Zerodha is a discount broker. Both the brokers work mostly on common popular exchanges, but Zerodha offers MCX-SX as additional exchange and Sharekhan offers NSEL and NCDEX.

Zerodha offers minimal fees for opening a trading account when compared to Sharekhan. Zerodha offers free annual maintenance on trading accounts. The trading platform used by Zerodha is ‘PI’ which is reliable and quite popular, while Sharekhan uses ‘Trade Tiger’ as its trading platform.

When it comes to brokerage charges, Zerodha seems to have an upper hand over Sharekhan. The equity delivery charges as set by Zerodha are 0.01% or Rs. 20 per executed order whereas Sharekhan demands 0.50%. Zerodha demands no brokerage charges and Sharekhan asks for minimum 0.10% per share.

Both the brokers provide features such as online demo but Sharekhan also provides SMS facility and an online portfolio. Sharekhan and Zerodha support services for customer care such as email facility and have provided phone numbers to revert back to client’s queries. Sharekhan offers 24/7 customer support whereas Zerodha serves during the office hours.

Zerodha ShareKhan
Basic Information Type of Broker Discount Broker Full Service Broker
Exchanges BSE, NSE, MCX-SX, MCX BSE, NSE, MCX, NSEL & NCDEX
Fees for Opening Trading Account Rs. 300 Rs. 750
Annual Maintenance Charges of Trading Account Nil Rs. 450
Fees for Opening Demat Account Rs. 150 Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 400
Brokerage Charges Equity Delivery Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.50%
Equity Intraday Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.10%
Equity Future Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.10%
Equity Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 100 per lot or 2.5% on premium, whichever is higher
Currency Futures Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.10%
Currency Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 100 per lot or 2.5% on premium, whichever is higher
Commodity Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.10%
Minimum Brokerage Charges Nil Rs. 0.10 per share
Transaction Charges Equity Delivery For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.1% from both sides
Equity Intraday For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.03%
Equity Futures For BSE: 0.0007%, for NSE: 0.0021% & for MCX-SX: 0.0014% 0.17% from selling side
Equity Options For BSE: 0.0027%, for NSE: 0.053% & for MCX-SX: 0.027% on premium 0.017% on premium from selling side
Currency Futures For NSE: 0.00135% & for MCX-SX: 0.0013% 0.17% from selling side
Currency Options For NSE: 0.044% & for MCX-SX: 0.037% 0.017% on premium from selling side
Commodity 0.0031% (Non-Agri) & 0.00175% (Agri) 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform Zerodha Trader, Z5 &Zerodha PI Trade Tiger
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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