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Sharekhan Vs Edelweiss: Detail Comparative Discussion

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Sharekhan Vs Edelweiss: Detail Comparative Discussion

Sharekhan is a Mumbai originated Full-Service broking firm. It was established in 2000 & currently covering 575 cities of India with 2800 offices. It comes under Grade-I Financial institution having membership in NSE, BSE, MCX & NCDEX. 

On the other side, Edelweiss is the stock-broking retail business wing of Edelweiss Group carried under Edelweiss Broking Ltd. Incorporated in 1995, Edelweiss has more than 4700 sub-brokers and currently covering 680 cities. 

Both Sharekhan & Edelweiss offers a wide variety of products to its customer and numerous facilities.

Here, we will compare both these organizations in terms of customer assistance, fee structure, feasibleness, service type, products & quality. 

Sharekhan

  1. Sharekhan is a very reputed name in the finance broking industry for their research information. 
  2. Sharekhan offers almost every product that a finance broking company can offer. Apart from this they also sell other investment instruments. 
  3. Call & trade facility is offered by the organisation for free.
  4. Being a 19 years old organisation, their network is very large. 
  5. Loan against security (LAS) facility available.
  6. Offers trading training to customers in association with Online Trading Academy (OTA).
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Edelweiss

  1. It’s very useful for traders who rely upon an online platform. 
  2. They offer a wide range of investment options according to the need of the investor. 
  3. Several trading platforms are there for online & mobile trading.
  4. The research desk is dedicated to preparing analytic reports on more than 200 companies.
  5. A short-term investment option is also offered. 
  6. Margin funding facility available. 

Comparisons: Based on the Facilities provided

Here we are comparing Edelweiss & Sharekhan based on the facilities they offer.

 ParticularsSharekhanEdelweiss
Market rating as an organisation4/53.5/5
The rating according to Fees charged for Brokerage 2.5/53/5
The rating according to Trading platform4.5/53.5/5
The rating according to the Investment offerings5/54/5
The rating according to customer satisfaction4/53.5/5
Type of BrokerFull-Service BrokerFull-Service Broker
Stock Exchanges supportedBSE, NSE, MCX, NCDEX, NSELBSE, NSE, MCX, NCDEX
Sharekhan Vs Edelweiss Review

Comparison: Based on Account Maintenance Charges:

Sharekhan provides a free Trading account & DEMAT account to its customer. The AMC for the trading account is free, but they charge an AMC of DEMAT account annually.

Edelweiss charges for opening a trading account, but the DEMAT account opening is free.

They also charge AMC for the DEMAT account annually, whereas no charge for trading account AMC.

Based on the AMC & Account opening charges we can compare SHAREKHAN & Edelweiss as here under:

ParticularsSharekhanEdelweiss
Trading Account OpeningFree750 Rupees
Trading AMCFreeFree
Demat Account OpeningFreeFree
Demat AMC400 Rupees p.a.
(Waived for 1st year)
500 Rupees p.a.
(Second Year Onward)
Provide DP ServiceYesYes  

Also Read: How to Open Demat Account in Different Broker in India

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Comparison: Based on Brokerage Plan: 

Here we have compared Sharekhan & Edelweiss based on brokerage plan offerings to the customers.

Both Edelweiss & Sharekhan offers multiple plans to their customers, but they don’t have monthly or yearly plans for their customers. 

ParticularsSharekhanEdelweiss
Multiple PlansYesYes
Monthly PlansNoNo
Yearly PlansNoNo

Comparison: Based on Brokerage Charges: 

Sharekhan offers its customers a percentage base brokerage plan. Whereas Edelweiss’s plan is not % based and also, it’s for only online users.

Also, both Sharekhan has a fixed minimum brokerage charge of INR.20/-, whether there is no minimum Edelweiss brokerage fee. 

ParticularsSharekhanEdelweiss
Plan NameClassic Trading Plan (Percentage Based)Edelweiss Lite
Equity Delivery0.5% / 0.5 Rupees10 Rupees 0.01% (whichever lower)
Equity Intraday0.1% / 0. Rupees10 Rupees 0.01% (whichever lower)
Equity Futures0.1% / 0. Rupees10 Rupees 0.01% (whichever lower)
Equity Options2.5% of Premium / 250 Rupees per lot (whichever is higher)Flat Fee Rs 10
Currency Futures0.1% / 0.1 Rupees10 Rupees 0.01% (whichever lower)
Currency Options2.5% of Premium / 30 Rupees per lot (whichever is higher)Flat Fee 10 Rupees
Commodity Trading0.1% / 0.1 RupeesNA
Minimum Brokerage20 RupeesNIL
Hidden ChargesNoNA
FundingYes – 18% interest p.a.Yes – 24% interest p.a.  
Call & Trade ChargesFreeFree

Comparison: Based on Transactional Charges:

In this below-mentioned chart, the details of transactional charges are mentioned according to the product type: 

ParticularsSharekhanEdelweiss
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures190 Rupees Per Cr190 Rupees Per Cr
Equity Options5,000 Rupees Per Cr5,000 Rupees Per Cr
Currency Futures100 Rupees Per Cr110 Rupees Per Cr
Currency Options4,000 Rupees Per Cr4,000 Rupees Per Cr
CommodityNon-Agri: 260 Rupees Per Cr 
Agri: 175 Rupees Per Cr
Non-Agri: INR. 260/- Per Cr
Agri: 175 Rupees Per Cr

Also Read: Edelweiss Margin Calculator

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Comparison: Based on the Feature Provided in Account:

Both Sharekhan & Edelweiss provide various facilities to their customers. All the facilities hereby mentioned below along with the comparison:

ParticularsSharekhanEdelweiss
3 in 1 AccountNoNo
ChartingYesYes
Algo TradingNoYes
SMS AlertsYesYes
Online DemoYesYes
Online PortfolioYesYes
Margin Trading Funding AvailableYesYes
Combined Ledger for Equity and CommodityYesNo
Intraday Square-off Time3:15 PM3:15 PM
NRI TradingYesYes

Comparison: Based on Trading Platform:

Both Sharekhan & Edelweiss offers different platforms for trading to their customers- like, online, mobile, desktop, tablet, etc. The comparison based on that is given below:

ParticularsSharekhanEdelweiss
Desktop Trading PlatformTradeTigerXtreme Trader
Desktop Platform (Windows)YesYes
Desktop Platform (Mac)NoNo
Web Trading PlatformYesYes
Web Trading Detailsharekhan.comtlounge.edelweiss.in
Web Trading DemoWeb Trading DemoInfo Not Available
Mobile SiteYesYes
Mobile TradingYesYes
Mobile Trading AppSharekhanEdelweiss Mobile Trader
Android Mobile AppYesYes
iPhone Mobile App (IOS)YesYes
Android Tablet AppYesYes
iPad App (IOS)YesYes
Trading Software ChargesFreeFree

Comparison: Based on Investment offer: 

According to the large variety of investment opportunities, both Sharekhan & Edelweiss provide many options like Mutual fund, bond, Insurance, SIP, IPO, etc. The comparison is mentioned as follows:

ParticularsSharekhanEdelweiss
Equity Cash and F&OYesYes
Currency DerivativesYesYes
CommodityYesYes
Online IPO ApplicationNoNo
Mutual FundsYesYes
Bond / NCDYesYes
ETFYesYes
BankingNoNo
InsuranceYesYes
ForexNoNo
MF SIP InvestmentYesYes
Equity SIP InvestmentNoYes
PMS ServiceYesYes

Comparison: Based on DEMAT Account offerings:

Here we will compare Edelweiss vs. Sharekhan based on offering DEMAT A/c to its customers for share trading. The amenities & charges associated with DEMAT account is compared below:

Particulars SharekhanEdelweiss
DP SourceCDSLCDSL
DP ID 3600019100
DEMAT A/c Annual Maintenance Charges(AMC)500 Rupees p.a.Free (1,500 Rupees one-time charges)
Advance Deposit500 Rupees Advance which will be adjusted against billing (Optional).Tariff D-“Deposit 2999 Rupees (refund of deposit 2000 Rupees on closure)NIL
Statutory chargesActual Stamp Paper ChargesNil
Transaction Charges on Debit (Per ISIN)0.03% (Min 30 Rupees) + 5.50 Rupees (CDSL Charges)0.02% of transaction value or 20 Rupees per transaction whichever is higher
DEMAT5 Rupees per certificate (Min 50 per request)2 Rupees per certificate + 30 Rupees courier charges
REMAT50 Rupees per certificate or 50 Rupees for every hundred securities10 Rupees for every hundred securities after that 10 Rupees per request + 30 Rupees request charges
Pledge Creation0.03% (Min 100 Rupees)0.02% of transaction value (Min 50 Rupees)
Pledge Creation ConfirmationNilNil
Pledge ClosureNil0.02% of transaction value (Min 50 Rupees)
Pledge Closure ConfirmationNilNil
Pledge InvocationNil0.02% of transaction value (Min 50 Rupees)
Failed Instruction ChargesNilNil
Other ChargesFreeze/De-freeze – ₹25 per transaction
Stock lending & Borrowing – 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
Edelweiss

Comparison: Based on Customer Service: 

Here are the comparison & details of Sharekhan vs. Edelweiss regarding customer assistance:

ParticularsSharekhanEdelweiss
24/7 Customer Service NoNo
Email Support YesYes
Online Live Chat YesNo
Phone Support YesYes
Toll Free Number YesYes
Through Branches YesYes
Customer Care Number 1800227500040-4905-9999
Account Opening Process OfflineOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Center/Education https://www.sharekhan.com/help/hellohttps://www.edelweiss.in/faqs
Head Office Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH– 400042
Edelweiss House,
Off CST Road,
Kalina,
Mumbai – 400098
Website sharekhan.comedelweiss.in

Conclusion:

We hereby compared Sharekhan vs Edelweiss in this article but there are numerous points where Sharekhan & Edelweiss performed similarly.

Both are old market competitors and already having a huge customer base. But it should be kept in mind that the requirement of individual investor change due to many factors. So, whatever the rating is there, an investor should decide based on his/her requirement only.

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