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Sharekhan And Finvasia In-Depth Assessment

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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

  1. Sharekhan is famous in the finance broking industry for research information. 
  2. It offers a range of products that a finance broking company should offer. Apart from this, they also sell other investment instruments. 
  3. The organization offers call & trade facility for free.
  4. As a 19 years old company, they provide a big network. 
  5. Loan against security (LAS) facility is there in their service.
  6. It offers proper training of trading to customers in association with Online Trading Academy (OTA).

Finvasia

  1. The most important thing about this emerging company is that they offer a Zero Brokerage Account. 
  2. The account opening charge is also free.
  3. Research & analysis of data
  4. You can open your DEMAT/ Trading account paperless, only providing your aadhaar. 
  5. Algo trading facility available
  6. Free facility for call & trade. 
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Assessments: Ratings on facilities

Here we have assessed Finvasia & Sharekhan on the amenities they offer:

 ParticularsFinvasiaSharekhan
Rating as overall 4 out of 54 out of 5
Rating on Brokerage fees5 out of 52.5 out of 5
The rating according to Trading platform4 out of 54.5 out of 5
The rating according to the Investment offerings4 out of 55 out of 5
The rating according to customer satisfaction3 out of 54 out of 5
Type of BrokerDiscount BrokerFull-service Broker
Stock Exchanges supportedBSE, NSE, MCX, MCX-SX, NCDEXBSE, NSE, MCX, NCDEX, NSEL
Sharekhan and Finvasia Compare

Assessment: Account Opening & Maintenance Charges

Below, we have assessed Sharekhan & Finvasia in terms of Account opening & maintenance charges:

Particulars.FinvasiaSharekhan
Trading Account OpeningFree of costFree of cost
Trading AMCFree of costFree of cost
DEMAT Account Opening0 Rupee (199 Rupees for POA)Free of cost
DEMAT AMCFree of cost400 Rupees p.a.
(Waived for 1st year)
Depository ParticipantYesYes

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.

PlansFinvasiaSharekhan
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. 

ParticularsFinvasiaSharekhan
Plan NameZero Brokerage Trading PlanClassic Trading Plan
(Percentage Based)
Equity Delivery0 Rupee0.5% or 0.5 Rupees
Equity Intraday0 Rupee0.1% or 0.1 Rupees
Equity Futures0 Rupee0.1% or 0.1 Rupees
Equity Options0 Rupee2.5% of Premium or 250 Rupees
per lot (whichever is higher)
Currency Futures0 Rupee0.1% or 0.1 Rupees
Currency Options0 Rupee2.5% of Premium or 30 Rupees
per lot (whichever is higher)
Commodity Trading0 Rupee0.1% or 0.1 Rupees
Minimum BrokerageNIL20 Rupees
Hidden ChargesNoNo
FundingYes, 24% interest p.a.Yes – 18% interest p.a.
Call & Trade ChargesCall and Trade is free of costFree

Also Read: Finvasia Brokerage Calculator Online

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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.

ParticularsFinvasiaSharekhan
Equity Delivery charges325 Rupees / Cr325 Rupees / Cr
Equity Intraday charges325 Rupees / Cr325 Rupees / Cr
Equity Futures charges190 Rupees / Cr190 Rupees / Cr
Equity Options charges5000 Rupees / Cr5000 Rupees / Cr
Currency Futures charges115 Rupees / Cr100 Rupees / Cr
Currency Options charges4000 Rupees / Cr4000 Rupees / Cr
Commodity chargesNon-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

ParticularsFinvasiaSharekhan
3 in 1 Account facilityNot availableNot available
Charting facilityAvailableAvailable
Algo Trading facilityAvailableNot available
SMS Alerts serviceNot availableAvailable
Online Demo serviceAvailableAvailable
Online Portfolio facilityAvailableAvailable
Margin Trading Funding AvailableNO Not availableAvailable
Combined Ledger for Equity and CommodityAvailableAvailable
Intraday Square-off Time facility3:15 PM3:15 PM
NRI Trading facilityAvailableAvailable

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:

ParticularsFinvasiaSharekhan
Desktop Trading PlatformOMNESYS NESTTradeTiger
Desktop Platform (Windows)AvailableAvailable
Desktop Platform (Mac)Not availableNot available
Web Trading PlatformAvailableAvailable
Web Trading Detailtrade.finvasia.comsharekhan.com
Mobile SiteAvailableAvailable
Mobile TradingAvailableAvailable
Mobile Trading AppSCALPERTSharekhan
Android Mobile AppAvailableAvailable
iPhone Mobile App (IOS)Not availableAvailable
Android Tablet AppAvailableAvailable
iPad App (IOS)Not availableAvailable
Trading Software ChargesBasic 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:

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ParticularsFinvasiaSharekhan
F&O and Equity Cash serviceAvailableAvailable
Currency DerivativesAvailableAvailable
Commodity facilityAvailableAvailable
Online IPO Application facilityAvailableNot available
Mutual Funds facilityAvailableAvailable
Bond / NCD serviceAvailableAvailable
ETFAvailableAvailable
Banking facilityNot availableNot available
Insurance facilityNot availableAvailable
Foreign ExchangeNot availableNot available
Mutual Fund (SIP) AvailableAvailable
Equity (SIP)Not availableNot available
PMS ServiceNot availableAvailable

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 FinvasiaSharekhan
DP- SourceCDSLCDSL
DP- ID 8430036000
Annual Maintenance Charges (AMC) of Demat AccountFree500 Rupees pa
Advance Deposit0 Rupee500 Rupees In-Advance (will be adjusted against billing (Optional)).    Tariff D– Deposit 2999 Rupees [refund of deposited money (2000 Rupees) on closure
Legislative charges ZeroStamp Paper Charges at actual
Transaction Charges Per ISIN9 Rupees + 5.50 Rupees (CDSL Charges) for every transaction0.03% (Min 30 Rupees) + 5.50 Rupees (CDSL Charges)
Demat15 Rupees per certificate5 Rupees per certificate (Min 50 per request)
Remat15 Rupees for every hundred securities + CDSL Charges50 Rupees per certificate or 50 Rupees for every hundred securities
Pledge Creation25 Rupees per transaction0.03% (Min 100 Rupees)
Pledge Creation ConfirmationNILNil
Pledge Closure25 Rupees per transactionNil
Pledge Closure ConfirmationNILNil
Pledge Invocation19 Rupees per transactionNil
Failed Instruction Charges49 RupeesNil
Other ChargesNilFreeze/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
Open Finvasia Demat Account

Assessment: Customer Service

Based on the customer assistance /support we can assess Sharekhan & Finvasia as follows:

ParticularsFinvasiaSharekhan
Customer Service 24X7Not AvailableNot available
Support through Email AvailableAvailable
Live Online Chat AvailableAvailable
Phone Support AvailableAvailable
Toll- Free Number Not availableAvailable
Through Branches Not availableAvailable
Customer Care Number +911726670000/
+911724770000/
+919779097777
1800227500
Account Opening Process Online/PaperlessOffline
Customer Support Email [email protected][email protected]
Knowledge Center/Education Info Not Availablesharekhan.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.comsharekhan.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. 

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