Sharekhan Vs Finvasia: A Relative Study
A Finvasia is a new emerging company in the finance broking industry. Incorporated in the year 2016- it is a discount broker, which offers Trading & Investing for free.
Sharekhan is a well-known and dependable brand in Indian stock broking industry. Currently working since 2000 with 675 branches all over India. Sharekhan is in the list of full-service brokers.
Both, Sharekhan & Finvasia offers a variety of products to its customer and many facilities.
Here, we will compare both these organizations in terms of customer assistance, fee structure, feasibleness, service type, products & quality.
Functions
Sharekhan
- Sharekhan is famous in the finance broking industry for research information.
- It offers a range of products that a finance broking company should offer. Apart from this, they also sell other investment instruments.
- The organization offers call & trade facility for free.
- As a 19 years old company, they provide a big network.
- Loan against security (LAS) facility is there in their service.
- It offers proper training of trading to customers in association with Online Trading Academy (OTA).
Finvasia
- The most important thing about this emerging company is that they offer a Zero Brokerage Account.
- The account opening charge is also free.
- Research & analysis of data
- You can open your DEMAT/ Trading account paperless, only providing your aadhaar.
- Algo trading facility available
- Free facility for call & trade.
Assessments: Ratings on facilities
Here we have assessed Finvasia & Sharekhan on the amenities they offer:
| Particulars | Finvasia | Sharekhan |
| Rating as overall | 4 out of 5 | 4 out of 5 |
| Rating on Brokerage fees | 5 out of 5 | 2.5 out of 5 |
| The rating according to Trading platform | 4 out of 5 | 4.5 out of 5 |
| The rating according to the Investment offerings | 4 out of 5 | 5 out of 5 |
| The rating according to customer satisfaction | 3 out of 5 | 4 out of 5 |
| Type of Broker | Discount Broker | Full-service Broker |
| Stock Exchanges supported | BSE, NSE, MCX, MCX-SX, NCDEX | BSE, NSE, MCX, NCDEX, NSEL |
Assessment: Account Opening & Maintenance Charges
Below, we have assessed Sharekhan & Finvasia in terms of Account opening & maintenance charges:
| Particulars. | Finvasia | Sharekhan |
| Trading Account Opening | Free of cost | Free of cost |
| Trading AMC | Free of cost | Free of cost |
| DEMAT Account Opening | 0 Rupee (199 Rupees for POA) | Free of cost |
| DEMAT AMC | Free of cost | 400 Rupees p.a. (Waived for 1st year) |
| Depository Participant | Yes | Yes |
Also Read: How to Open Demat Account in Different Broker in India
Assessment: Brokerage Plan
Sharekhan facilitates its investor with a multiple plan only. Whether there is no brokerage plan offerings from Finvasia.
| Plans | Finvasia | Sharekhan |
| Multiple | ✖ | ✔ |
| Monthly | ✖ | ✖ |
| Yearly | ✖ | ✖ |
Assessment: Brokerage Fees
A percentage driven brokerage plan is offered to the investors by Sharekhan. Whereas Finvasia doesn’t have a % based plan. Finvasia offers a ‘Zero Brokerage Trading Plan’ to its customers.
| Particulars | Finvasia | Sharekhan |
| Plan Name | Zero Brokerage Trading Plan | Classic Trading Plan (Percentage Based) |
| Equity Delivery | 0 Rupee | 0.5% or 0.5 Rupees |
| Equity Intraday | 0 Rupee | 0.1% or 0.1 Rupees |
| Equity Futures | 0 Rupee | 0.1% or 0.1 Rupees |
| Equity Options | 0 Rupee | 2.5% of Premium or 250 Rupees per lot (whichever is higher) |
| Currency Futures | 0 Rupee | 0.1% or 0.1 Rupees |
| Currency Options | 0 Rupee | 2.5% of Premium or 30 Rupees per lot (whichever is higher) |
| Commodity Trading | 0 Rupee | 0.1% or 0.1 Rupees |
| Minimum Brokerage | NIL | 20 Rupees |
| Hidden Charges | No | No |
| Funding | Yes, 24% interest p.a. | Yes – 18% interest p.a. |
| Call & Trade Charges | Call and Trade is free of cost | Free |
Also Read: Finvasia Brokerage Calculator Online
Assessment: Based on Transactional Charges
Transaction charges are different for different products. Here is the detail comparative study of the different charges of Sharekhan vs Finvasia.
| Particulars | Finvasia | Sharekhan |
| Equity Delivery charges | 325 Rupees / Cr | 325 Rupees / Cr |
| Equity Intraday charges | 325 Rupees / Cr | 325 Rupees / Cr |
| Equity Futures charges | 190 Rupees / Cr | 190 Rupees / Cr |
| Equity Options charges | 5000 Rupees / Cr | 5000 Rupees / Cr |
| Currency Futures charges | 115 Rupees / Cr | 100 Rupees / Cr |
| Currency Options charges | 4000 Rupees / Cr | 4000 Rupees / Cr |
| Commodity charges | Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr | Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr |
Assessment: Account Features
Sharekhan & Finvasia gives various facilities to their valuable customers. All the facilities are listed below along with the relative Assessment
| Particulars | Finvasia | Sharekhan |
| 3 in 1 Account facility | Not available | Not available |
| Charting facility | Available | Available |
| Algo Trading facility | Available | Not available |
| SMS Alerts service | Not available | Available |
| Online Demo service | Available | Available |
| Online Portfolio facility | Available | Available |
| Margin Trading Funding Available | NO Not available | Available |
| Combined Ledger for Equity and Commodity | Available | Available |
| Intraday Square-off Time facility | 3:15 PM | 3:15 PM |
| NRI Trading facility | Available | Available |
Assessment: Based on Trading Platform
Both of the companies, Sharekhan and Finvasia, provide different platforms to their customers like, online, mobile, desktop, tablet, etc. The relative study on this, follows below:
| Particulars | Finvasia | Sharekhan |
| Desktop Trading Platform | OMNESYS NEST | TradeTiger |
| Desktop Platform (Windows) | Available | Available |
| Desktop Platform (Mac) | Not available | Not available |
| Web Trading Platform | Available | Available |
| Web Trading Detail | trade.finvasia.com | sharekhan.com |
| Mobile Site | Available | Available |
| Mobile Trading | Available | Available |
| Mobile Trading App | SCALPERT | Sharekhan |
| Android Mobile App | Available | Available |
| iPhone Mobile App (IOS) | Not available | Available |
| Android Tablet App | Available | Available |
| iPad App (IOS) | Not available | Available |
| Trading Software Charges | Basic platforms are free, advance platforms are chargeable. | Free |
Assessment: Based on Investment offer
With a large variety of services, both Sharekhan & Finvasia provide many options like Mutual fund, IPO, Insurance, bond, SIP, etc. The detailed Assessment is here as follows:
| Particulars | Finvasia | Sharekhan |
| F&O and Equity Cash service | Available | Available |
| Currency Derivatives | Available | Available |
| Commodity facility | Available | Available |
| Online IPO Application facility | Available | Not available |
| Mutual Funds facility | Available | Available |
| Bond / NCD service | Available | Available |
| ETF | Available | Available |
| Banking facility | Not available | Not available |
| Insurance facility | Not available | Available |
| Foreign Exchange | Not available | Not available |
| Mutual Fund (SIP) | Available | Available |
| Equity (SIP) | Not available | Not available |
| PMS Service | Not available | Available |
Assessment: DEMAT Account Facilities
Assessment of Finvasia vs. Sharekhan made, based on services of DEMAT A/c for investors. The services & fees associated to DEMAT account is as below:
| Particulars | Finvasia | Sharekhan |
| DP- Source | CDSL | CDSL |
| DP- ID | 84300 | 36000 |
| Annual Maintenance Charges (AMC) of Demat Account | Free | 500 Rupees pa |
| Advance Deposit | 0 Rupee | 500 Rupees In-Advance (will be adjusted against billing (Optional)). Tariff D– Deposit 2999 Rupees [refund of deposited money (2000 Rupees) on closure |
| Legislative charges | Zero | Stamp Paper Charges at actual |
| Transaction Charges Per ISIN | 9 Rupees + 5.50 Rupees (CDSL Charges) for every transaction | 0.03% (Min 30 Rupees) + 5.50 Rupees (CDSL Charges) |
| Demat | 15 Rupees per certificate | 5 Rupees per certificate (Min 50 per request) |
| Remat | 15 Rupees for every hundred securities + CDSL Charges | 50 Rupees per certificate or 50 Rupees for every hundred securities |
| Pledge Creation | 25 Rupees per transaction | 0.03% (Min 100 Rupees) |
| Pledge Creation Confirmation | NIL | Nil |
| Pledge Closure | 25 Rupees per transaction | Nil |
| Pledge Closure Confirmation | NIL | Nil |
| Pledge Invocation | 19 Rupees per transaction | Nil |
| Failed Instruction Charges | 49 Rupees | Nil |
| Other Charges | Nil | Freeze/De-freeze – 25 Rupees/ transaction. Stock lending & Borrowing – 0.02% of the value of the transaction/ request (minimum 100 Rupees) Client Master changes – 30 Rupees/ request |
Assessment: Customer Service
Based on the customer assistance /support we can assess Sharekhan & Finvasia as follows:
| Particulars | Finvasia | Sharekhan |
| Customer Service 24X7 | Not Available | Not available |
| Support through Email | Available | Available |
| Live Online Chat | Available | Available |
| Phone Support | Available | Available |
| Toll- Free Number | Not available | Available |
| Through Branches | Not available | Available |
| Customer Care Number | +911726670000/ +911724770000/ +919779097777 | 1800227500 |
| Account Opening Process | Online/Paperless | Offline |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | Info Not Available | sharekhan.com/help/hello |
| Head Office Address | Finvasia Securities Pvt Ltd Plot #10, Netsmatrz House (Level 3), Rajiv Gandhi Chd. Tech Park, Chandigarh -160101 | Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai-MH– 400042 |
| Web Link | finvasia.com | sharekhan.com |
Closure:
Here we have tried to show the basic Assessment on Finvasia & Sharekhan. Both the organization has something special to offer to its customers. So, a customer should wisely take decisions choosing the right broker according to his/her needs.
