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.
- 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).
- 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:
|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:
|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)
Assessment: Brokerage Plan
Sharekhan facilitates its investor with a multiple plan only. Whether there is no brokerage plan offerings from Finvasia.
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.
|Plan Name||Zero Brokerage Trading Plan||Classic Trading Plan |
|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|
|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.
|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
|3 in 1 Account facility||Not available||Not 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:
|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 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:
|F&O and Equity Cash service||Available||Available|
|Online IPO Application facility||Available||Not available|
|Mutual Funds facility||Available||Available|
|Bond / NCD service||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:
|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:
|Customer Service 24X7||Not Available||Not available|
|Support through Email||Available||Available|
|Live Online Chat||Available||Available|
|Toll- Free Number||Not available||Available|
|Through Branches||Not available||Available|
|Customer Care Number||+911726670000/|
|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|
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Lodha iThink Techno Campus,
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.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.