Sharekhan Vs SMC Global: A Relative Study
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The 3rd largest financial retail broker, in tenures of customer base, Sharekhan (after ICICI Direct and HDFC Securities) is a renowned online trading platform in India. When we compare Sharekhan Vs SMC Global, then Sharekhan offers a broad range of financial products and services, IPO financing and wealth management products.
Let me present your side by side comparison of both the trading company in India. We have compared both of them based on different points like brokerage plans, Plan types, fees, rating reviews, etc.
Everything mentioned here will help you in finding and comparing the best brokers of India.
The differentiation is based on self-knowledge and research.
The stock market, equity market, or share market is the place where buyers and sellers buy shares in the company or sell it.
A stock exchange is an organization of money market & an exchange place, where stock brokers and share traders buy and sell shares (stocks, bonds, and other security) in the form of indirect or direct investment.
SMC Global facilitates its customers to trade online into equity, derivatives, commodities & currency. It also offers its customers to invest in IPOs and mutual funds using any digital device (smartphone, laptop, desktop, tablet).
SMC Global brokerage charges range is 0.03% to 0.3%
Sharekhan also provides his customers the facility to trade online into equity, derivatives, commodities & currency.
It also comes with all the digital services and mutual funds service.
Sharekhan brokerage charges range is 0.1% to 0.5%. Both of them are fully licensed financial service broker. Sharekhan and SMC Global are rated 4 and 4 respectively out of 5.
Comparisons of Sharekhan vs SMC Global on the facilities they provide
|Overall rating||★ ★ ★||★ ★ ★|
|Brokerage charge||★ ★||★ ★ ★|
|Investment offering||★ ★ ★ ★||★ ★ ★|
|Trading platform||★ ★ ★ ★ ★||★ ★ ★|
|Broker type||Full services broker||Full services broker|
|Exchange supported||BSE, NSE, NCDEX, NSEL||NEW, BSE, MCX, NCDEX|
|Broker inquiry||Request a call-back||Request a call-back|
|Broker overview||It just not allows you to trade in all market segments but also offers the finest services, you can have investment options, can read news of share market, research reports, stock quotes, mutual funds, IPOS and more.||It is a famous stockbroking organization of India has a very good track record in finance, NRI trading, margin facility.|
What are the brokerage plans of Sharekhan & SMC Global?
Let’s compare both of the organizations based on plan options.
Plans are the most discussed or mentionable feature you look when compare Sharekhan with SMC Global.
This section is going to compare on types of plans offered by brokers.
Multiple plans monthly plans and yearly plans are available basically. Sharekhan offers its customers multiple plans whether SMC Global don’t provide multiple plans- both the organization doesn’t offer monthly plans to customer. Remaining details are as follows:
|Plan types||Sharekhan||SMC Global|
Charges for Opening an Account
Now we will compare both the organizations based on trading and DEMAT account opening charges
Sharekhan provides free account opening to its customers whether SMC Global account opening charges are INR.1000/-.
AMC charges for DEMAT A/c –
Sharekhan: Charges INR. 400/- per annum (waived off for 1st year)
SMC Global: Charges INR. 300/- per annum
|Trading account opening fees||Free||INR.1,000/-|
|Provide up services||Yes||Yes|
|DEMAT account opening charges||Free||Free|
Special offers, advantages, disadvantages. Compare Sharekhan and SMC Global on the basis of some other features.
|Pay-in and pay-out options||PAY–IN OPTIONS: Net Banking Online bank transfer (IMPS, NEFT, RTGS or UPI).ChequePayment gateway- reliance smart money platform. |
PAY-OUT OPTIONS- Bank transfer only.
|PAY –IN OPTIONS: Online (NET) Banking Online bank transfer (IMPS NEFT and RTGS UPI),Cheque. Payment gateway- ODI & diet.|
PAY-OUT OPTIONS: Bank transfer only. Also, it is the only method for fund withdrawal.
|Pay-out processing time||Maximum 24 hours except bank holiday||24 hours except bank holiday|
|Bank details||Yes Bank. Account type current. IFSC code YESB0000001||No information available|
|Advantages:||Calling and trading facility is absolutely free of cost. |
Share transfer inward & outward is free.
The network is giant. Commodity trading can also be done.
|Functioned through all India,|
Trading amount for free account AMC,
Supportive & dynamic customer care team,
Numerous trading platform call and trade facilities.
AMO (After Market Order) and BTST (purchase today and peddle tomorrow) order could be located.
|Dis-Advantages||It does not offer 3 in 1 account. |
Brokerage is obligatory, for which it becomes very problematic to trade in comparatively smaller Stocks.
High brokerage charge which is not acceptable for daily traders.
The classic account does not provide a facility to trade in commodities.
|Brokerage charges never unveiled to public.|
Mobile app-based trading facilities are not available for NSC.
Some extra charges are there to use featured products.
Good till cancelled (GTC) and good till date and time order (GTD) are not available in the equity segment.
Sharekhan has brokerage plans on a percent basis. They have one of the most popular plans for Currency future.
Equity Intraday, future, and option, and commodity trading price are on the higher range.
Equity delivery trading is on average brokerage level compare to another full-service broker. There is no minimum brokerage.
Comparison between Sharekhan vs SMC Global based on brokerage charge
|Brokerage charge compare||Sharekhan||SMC Global|
|Plan name||Classic trading plan||Standard trading plan|
|Equity delivery||.05% or 50 paisa||.3% or 30 paisa|
|Equity intraday||.1% or 10 paisa||.03% or 3 paisa|
|Currency future||.1% or 10 paisa||.03% or 3 paisa|
|Equity future||.1% or 10 paisa||.03% or 3 paisa|
|Equity option||250 Rs per lot||70 Rs per lot|
|Currency option||Rs 30 per lot||Rs 20 per lot|
|Commodity trading||.1% or 10 paisa||.03% or 3 paisa|
|Minimum brokerage||Rs 20||Rs 25|
|Funding||Yes- 18% interest pa|
|Call and trade charges||Free||Free|
|Span margin calculator||Yes||Yes|
Comparing Both in terms of Transaction Charges
Transaction charges and PCM fee by segment
|Transaction charges compare||Sharekhan||SMC Global|
|Equity delivery||Rs 325 per cr||Rs 325 per cr|
|Equity intraday||Rs 325 per cr||Rs 325 per cr|
|Equity futures||Rs 190 per cr||Rs 190 per cr|
|Equity option||Rs 5000 per cr||Rs 5000 per cr|
|Currency futures||Rs 100 per cr||Rs 110 per cr|
|Currency option||Rs 4000 per cr||Rs 4000 per cr|
|Commodity||Non Agri :Rs 260 per cr|
Agri: Rs 175 per cr
|Non Agri:Rs 260 per cr|
Agri 175 per cr
|Brokerage charges||Rs 600||Rs 1000|
Comparison between Sharekhan vs SMC Global based on account facilities.
We will compare Sharekhan & SMC Global based on account facilities, like 3 in 1 account, Algo trading, NRI trading, margin trading funding, etc.
Account type – both the broker offers 2 in 1 account which includes trading and Demat account.
Algo Trading– SMC Global provides the facility of Algo trading. Whereas, Sharekhan doesn’t offers this.
Margin Funding – both Sharekhan & SMC Global offer margin funding to its customers. Interest is payable only on the lend money.
NRI Trading– Both Sharekhan & SMC Global provide the facility of NRI trading.
|Account facilities to compare||Sharekhan||SMC Global|
|3 in 1 account facility||Not available||Not available|
|Algo trading facility||Not available||Available|
|SMS alerts facility||Available||Available|
|Online demo facility||Available||Available|
|Online portfolio facility||Available||Available|
|Margin trading funding available facility||Available||Available|
|Combined ledger for equity and commodity||Available||Available|
|Intraday square off time||3.15 pm||3.15 pm|
|Other features||Not available||Not available|
Compare Types of order
Let’s discuss about both of the corporations – Sharekhan and SMC Global grounded on order type.
Compare both SMC Global and Sharekhan on the order types they are offering to people.
Every broker in the market provides CNC order, mis order, and Normal order. But when we consider all the different factors, we can see different advance order type like cover order, bracket order, AMO, GTC order.
Cover Order also called co or (CO)
Sharekhan provides cover order whereas SMC Global offers Cover order is for stop-loss compulsorily and is only used in intraday trading only with cover order brokers give extra margins, as this order is placed with compulsorily stop-loss.
Bracket Order (BO)
Sharekhan and SMC Global, both provide bracket order. An order is bracketed by a high range side sell limit order and a low range side stock order.
You can get a sophisticated margin in bracket order by decreasing your loss. Aftermarket order (AMO) is synonyms of it. Both of them offers this service.
Both of SMC Global and Sharekhan always provides better before the termination of GTC order, that is, if you place purchase or peddle equity limit order, then your order remnants in the system until it performed the quantified numbers of days.
Now let’s compare both order types and see their specifications.
|Order type compare||Sharekhan||SMC Global|
|Amo – after market orders||Yes||Yes|
|GTC- good till cancelled||Yes||Yes|
Compare Margin / leverage
Let’s compare both in terms of margin or leverage.
It is right that interconnected leverage and margin both means, taking on debt. But the margin is borrowed money, a firm uses to invest in other financial sectors.
It is usually done to enlarge the potential return of an investment. Leverage can also be considered as the amount; a firm takes from the market for making finance assets.
|Margin product compare||Sharekhan||SMC Global|
|Equity delivery margins||Up to 5 times via margin funding||Up to 3 times leverage for equity delivery via margin funding|
|Equity intraday margin||Up to 10 times leverage for equity||Up to 10 times leverage for equity|
|Futures margin||Up to 2 times leverage for futures||Upto 7 times leverages for futures|
|Options margin||Upto 2 times margin for options shorting .no leverage for option buying.||Info not available|
|Equity co margin||Up to 15 times margin/leverage in co order for selected equity scripts||Info not available|
|Futures co margin||Upto 15 times margins/ leverage in co order for future contracts||Info not available|
|Options co margins||Upto 15 times margin / leverage in co order for options contract sell only||Info not available|
|Commodity margins||Info not available||Up to 3 times leverage for commodity trading|
Investment Offerings Compare
Comparison between Sharekhan & SMC Global on investment offerings basis.
- Commodity trading – Both of the companies (SMC Global and Sharekhan) offers all the trading options in commodity (mcx).
- Online mutual fund investment- Both of the companies (SMC Global and Sharekhan) offers the option of online mutual funds investment.
- Portfolio management services (PMs)– Both of the companies (SMC Global and Sharekhan) provides all the PMs services. You can invest your money in equity / stocks / bonds using PMs.
|Investment offerings compare||Sharekhan||SMC Global|
|Equity Cash and F&O||Yes||Yes|
|Online IPO applications||No||No|
|MF SIP Investment||Yes||Yes|
|Equity SIP Investment||No||No|
|Other Investment Options||Nil||Insurance|
Customer Services Offered
Let’s compare Sharekhan versus SMC Global on customer services
Compare Sharekhan with SMC Global on customer services offered by the broker. Compare the several types of different services presented by each broker for a quick tenacity for all questions and matters.
We ensure you that we provide every knowledge about these things.
|Customer service compare||Sharekhan||SMC Global|
|24 into 7 Customer services||Not available||Not available|
|Online live chat||Available||Available|
|Customer care number||1800 22 7500||9111 6607 5200|
|Account opening process||Totally offline||Both online and offline process is available|
|Customer support email||[email protected]||SMC. care @ SMC trade online.com|
|Knowledge centre||Sharekhan.com||SMC trade online.com|
|Education||Sharekhan.com||SMC trade online.com|
|Head office address||Sharekhan Limited. 10th Floor. At the beta building. Lodha I Think Techno Campus. Kanjurmarg East. Mumbai MH 400042||SMC Global Securities Limited. 11 by 6b. Shanti chamber Pusa Road. New Delhi. 110005|
|Website||Sharekhan.com||SMC trade online.com|
At the end Sharekhan Vs SMC Global both are remarkable companies. But all the significant and small differences must be noticed before looking at any of them.
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.