Sharekhan Vs Edelweiss: Detail Comparative Discussion
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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 is a very reputed name in the finance broking industry for their research information.
- Sharekhan offers almost every product that a finance broking company can offer. Apart from this they also sell other investment instruments.
- Call & trade facility is offered by the organisation for free.
- Being a 19 years old organisation, their network is very large.
- Loan against security (LAS) facility available.
- Offers trading training to customers in association with Online Trading Academy (OTA).
- It’s very useful for traders who rely upon an online platform.
- They offer a wide range of investment options according to the need of the investor.
- Several trading platforms are there for online & mobile trading.
- The research desk is dedicated to preparing analytic reports on more than 200 companies.
- A short-term investment option is also offered.
- Margin funding facility available.
Comparisons: Based on the Facilities provided
Here we are comparing Edelweiss & Sharekhan based on the facilities they offer.
|Market rating as an organisation||4/5||3.5/5|
|The rating according to Fees charged for Brokerage||2.5/5||3/5|
|The rating according to Trading platform||4.5/5||3.5/5|
|The rating according to the Investment offerings||5/5||4/5|
|The rating according to customer satisfaction||4/5||3.5/5|
|Type of Broker||Full-Service Broker||Full-Service Broker|
|Stock Exchanges supported||BSE, NSE, MCX, NCDEX, NSEL||BSE, NSE, MCX, NCDEX|
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:
|Trading Account Opening||Free||750 Rupees|
|Demat Account Opening||Free||Free|
|Demat AMC||400 Rupees p.a. |
(Waived for 1st year)
|500 Rupees p.a. |
(Second Year Onward)
|Provide DP Service||Yes||Yes|
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.
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.
|Plan Name||Classic Trading Plan (Percentage Based)||Edelweiss Lite|
|Equity Delivery||0.5% / 0.5 Rupees||10 Rupees / 0.01% (whichever lower)|
|Equity Intraday||0.1% / 0. Rupees||10 Rupees / 0.01% (whichever lower)|
|Equity Futures||0.1% / 0. Rupees||10 Rupees / 0.01% (whichever lower)|
|Equity Options||2.5% of Premium / 250 Rupees per lot (whichever is higher)||Flat Fee Rs 10|
|Currency Futures||0.1% / 0.1 Rupees||10 Rupees / 0.01% (whichever lower)|
|Currency Options||2.5% of Premium / 30 Rupees per lot (whichever is higher)||Flat Fee 10 Rupees|
|Commodity Trading||0.1% / 0.1 Rupees||NA|
|Minimum Brokerage||20 Rupees||NIL|
|Funding||Yes – 18% interest p.a.||Yes – 24% interest p.a.|
|Call & Trade Charges||Free||Free|
Comparison: Based on Transactional Charges:
In this below-mentioned chart, the details of transactional charges are mentioned according to the product type:
|Equity Delivery||325 Rupees Per Cr||325 Rupees Per Cr|
|Equity Intraday||325 Rupees Per Cr||325 Rupees Per Cr|
|Equity Futures||190 Rupees Per Cr||190 Rupees Per Cr|
|Equity Options||5,000 Rupees Per Cr||5,000 Rupees Per Cr|
|Currency Futures||100 Rupees Per Cr||110 Rupees Per Cr|
|Currency Options||4,000 Rupees Per Cr||4,000 Rupees Per Cr|
|Commodity||Non-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
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:
|3 in 1 Account||No||No|
|Margin Trading Funding Available||Yes||Yes|
|Combined Ledger for Equity and Commodity||Yes||No|
|Intraday Square-off Time||3:15 PM||3:15 PM|
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:
|Desktop Trading Platform||TradeTiger||Xtreme Trader|
|Desktop Platform (Windows)||Yes||Yes|
|Desktop Platform (Mac)||No||No|
|Web Trading Platform||Yes||Yes|
|Web Trading Detail||sharekhan.com||tlounge.edelweiss.in|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||Sharekhan||Edelweiss Mobile Trader|
|Android Mobile App||Yes||Yes|
|iPhone Mobile App (IOS)||Yes||Yes|
|Android Tablet App||Yes||Yes|
|iPad App (IOS)||Yes||Yes|
|Trading Software Charges||Free||Free|
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:
|Equity Cash and F&O||Yes||Yes|
|Online IPO Application||No||No|
|Bond / NCD||Yes||Yes|
|MF SIP Investment||Yes||Yes|
|Equity SIP Investment||No||Yes|
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:
|DEMAT A/c Annual Maintenance Charges(AMC)||500 Rupees p.a.||Free (1,500 Rupees one-time charges)|
|Advance Deposit||500 Rupees Advance which will be adjusted against billing (Optional).Tariff D-“Deposit 2999 Rupees (refund of deposit 2000 Rupees on closure)||NIL|
|Statutory charges||Actual Stamp Paper Charges||Nil|
|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|
|DEMAT||5 Rupees per certificate (Min 50 per request)||2 Rupees per certificate + 30 Rupees courier charges|
|REMAT||50 Rupees per certificate or 50 Rupees for every hundred securities||10 Rupees for every hundred securities after that 10 Rupees per request + 30 Rupees request charges|
|Pledge Creation||0.03% (Min 100 Rupees)||0.02% of transaction value (Min 50 Rupees)|
|Pledge Creation Confirmation||Nil||Nil|
|Pledge Closure||Nil||0.02% of transaction value (Min 50 Rupees)|
|Pledge Closure Confirmation||Nil||Nil|
|Pledge Invocation||Nil||0.02% of transaction value (Min 50 Rupees)|
|Failed Instruction Charges||Nil||Nil|
|Other Charges||Freeze/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
Comparison: Based on Customer Service:
Here are the comparison & details of Sharekhan vs. Edelweiss regarding customer assistance:
|24/7 Customer Service||No||No|
|Online Live Chat||Yes||No|
|Toll Free Number||Yes||Yes|
|Customer Care Number||1800227500||040-4905-9999|
|Account Opening Process||Offline||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Sharekhan Limited,|
Lodha iThink Techno Campus,
Off CST Road,
Mumbai – 400098
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.
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.