Sharekhan Vs Fyers: A Relative Study
Fyers (incorporated in 2015) is a renowned name in the Discount broking industry. They are one of the lower charging brokers of the industry. On the other hand, Sharekhan is a very old and trusted name in the Indian finance broking industry. Both of these organization offers a big basket of services to their customers. Here we will compare Sharekhan vs Fyers in terms of feasibility, service quality, and product offerings.
Functions:
Fyers:
- Delivery of trading is free.
- Neither there is a hidden cost, nor any subscription charges.
- A referral program is there.
- NRI service is very appraisable.
- 24X7 Customer support facility available.
Sharekhan:
- Sharekhan is an eminent name in the finance broking industry for their detailed research work.
- They have come up with various investment options to meet the need of each investor.
- Call & trade facility is offered by the organization for free.
- They have a huge business network.
- They facilitate loan against security.
- Arranged training program for traders.
Facilities Comparison:
Based on the facilities provided by both, Sharekhan & Fyers we can compare them as follows:
| Particulars | Sharekhan | Fyers |
| Rating of overall performance | 4 out of 5 | 4 out of 5 |
| Rating: Brokerage charge | 2.5 out of 5 | 3.5 out of 5 |
| Rating: Trading platform | 4.5 out of 5 | 4 out of 5 |
| Rating: investment plans | 5 out of 5 | 4 out of 5 |
| Rating: Customer service | 4 out of 5 | 4 out of 5 |
| Classification of Broker | Full-service Broker | Discount Broker |
| Listed under (SE) | BSE, NSE, MCX, NCDEX, NSEL | NSE, BSE, MCX |
Comparison: Based on Account Maintenance Charges:
Based on the segment-wise AMC & Account opening fees we can detail SHAREKHAN & FYERS as below:
| Particulars | Sharekhan | Fyers |
| Opening: Trading A/c | NO COST | NO COST |
| AMC: Trading A/c | COMPLEMENTARY | COMPLEMENTARY |
| Opening: DEMAT Account | NO COST | NO COST |
| AMC : DEMAT A/c | 400/- Rupees p.a. (Waived for 1st year) | 400/- Rupees p.a. |
| DP Service | YES | NO |
Comparison: Based on Brokerage Plan:
Fyers don’t offer any brokerage plan. Whereas Sharekhan offers only multiple brokerage plans.
| Particulars | Sharekhan | Fyers |
| Multiple Plans | ✔ | ✖ |
| Monthly Plans | ✖ | ✖ |
| Yearly Plans | ✖ | ✖ |
Comparison: Based on Brokerage Charges:
Sharekhan has come up with a % base brokerage plan. Fyers issues a plan to its investors which costs maximum INR. 20/- per order. Also, both Sharekhan has a fixed minimum brokerage charge of INR.20/-, whether there is no fixed brokerage fee for Fyers.
| Particulars | Sharekhan | Fyers |
| Plan Name | Classic Trading Plan (Percentage Based) | Max 20 Rupees Per Order Trading Plan |
| Equity Delivery | 0.5% or 50 paisa | Free |
| Equity Intraday | 0.1% or 10 paisa | 0.01% or 20 Rupees whichever is lower |
| Equity Futures | 0.1% or 10 paisa | 0.01% or 20 Rupees whichever is lower |
| Equity Options | 2.5% of Premium or 250/- Rupees per lot whichever is high | Flat Fee 20/- Rupees |
| Currency Futures | 0.1% or 10 paisa | 0.01% or 20 Rupees whichever is lower |
| Currency Options | 2.5% of Premium or 30 Rupees per lot whichever is high | Flat Fee 20 Rupees |
| Commodity Trading | 0.1% or 10 paisa | NA |
| Minimum Brokerage | 20 Rupees | NIL |
| Hidden Charges | Not Available | Not Available |
| Funding | Yes – 18% interest PA | Not Available |
| Call & Trade Charges | Free | 20 Rupees Per Order |
Transaction Charges compare:
We can compare Sharekhan & Fyers as below based on the segment wise transaction charge:
| Particulars | Sharekhan | Fyers |
| 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 | 240 Rupees Per Cr |
| Equity: Options | 5000 Rupees Per Cr | 5900 Rupees Per Cr |
| Currency: Futures | 100 Rupees Per Cr | 175 Rupees Per Cr |
| Currency: Options | 4000 Rupees Per Cr | 6500 Rupees Per Cr |
| Commodity | Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr | NA |
Facilities Comparison:
Sharekhan & Fyers, both ensures various facilities to the investor as below mentioned:
| Particulars | Sharekhan | Fyers |
| 3 in 1 Account | NOT AVAILABLE | NOT AVAILABLE |
| Charting | AVAILABLE | AVAILABLE |
| Algo Trading | NOT AVAILABLE | AVAILABLE |
| SMS Alerts | AVAILABLE | NOT AVAILABLE |
| Online Demo | AVAILABLE | AVAILABLE |
| Online Portfolio | AVAILABLE | NOT AVAILABLE |
| Margin Trading Funding Available | AVAILABLE | NOT AVAILABLE |
| Combined Ledger for Equity and Commodity | AVAILABLE | NOT AVAILABLE |
| Intraday Square-off Time | 3:15PM | 3:15PM |
| NRI Trading | AVAILABLE | NOT AVAILABLE |
| Other Features | NIL | Free Call & trade |
Comparison: Based on Trading Platform:
Sharekhan & Fyers, both come up with different platforms for trading like, android application based, trading, desktop platform, etc.
| Particulars | Sharekhan | Fyers |
| Name of Trading Platform (Desktop) | TradeTiger | Fyers One |
| Windows Desktop | AVAILABLE | AVAILABLE |
| Mac Desktop | NOT AVAILABLE | NOT AVAILABLE |
| Web based Trading | AVAILABLE | AVAILABLE |
| Web Trading URL | https://www.sharekhan.com/ | http://webtrader.Fyers.in/userMaster/login |
| Mobile Browsing site | AVAILABLE | NOT AVAILABLE |
| Trading on Mobile | AVAILABLE | AVAILABLE |
| Application for Mobile Trading | Sharekhan | Fyers Markets |
| Android Application | AVAILABLE | AVAILABLE |
| iPhone Mobile Application | AVAILABLE | AVAILABLE |
| Android Tablet Application | AVAILABLE | AVAILABLE |
| iPad Application | AVAILABLE | AVAILABLE |
| Charges for Trading Software | Free | Free |
Investment offer based comparison:
There are too many opportunities for investors to invest their hard-earned, money into various segments. Both Sharekhan & Fyers provide every possible option for their customers to indulge in investing.
| Particulars | Sharekhan | Fyers |
| Equity Cash and F&O | AVAILABLE | AVAILABLE |
| Currency Derivatives | AVAILABLE | AVAILABLE |
| Commodity | AVAILABLE | NOT AVAILABLE |
| Online IPO Application | NOT AVAILABLE | NOT AVAILABLE |
| Mutual Funds | AVAILABLE | AVAILABLE |
| Bond / NCD | AVAILABLE | NOT AVAILABLE |
| ETF | AVAILABLE | AVAILABLE |
| Banking | NOT AVAILABLE | NOT AVAILABLE |
| Insurance | AVAILABLE | NOT AVAILABLE |
| Forex | NOT AVAILABLE | NOT AVAILABLE |
| MF SIP Investment | AVAILABLE | NOT AVAILABLE |
| Equity SIP Investment | NOT AVAILABLE | NOT AVAILABLE |
| PMS Service | AVAILABLE | NOT AVAILABLE |
Comparison: Based on DEMAT Account offerings:
Here we will compare Fyers vs. Sharekhan regarding the charges & offerings of DEMAT Account:
| Particulars | Sharekhan | Fyers |
| DP Source | CDSL | CDSL |
| DP ID | 36000 | Info Not Available |
| Demat Account Annual Maintenance Charges(AMC) | 500/-Rupees pa | 400 Rupees – Individual, 500 Rupees – Non Individual |
| 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) | Flat 20 Rupees + 5.5/- Rupees (CDSL charges) [On and Off Market Orders] |
| Demat | 5 Rupees per certificate (Min 50 Rupees per request) | 2 per certificate + 35 Rupees courier charges |
| Remat | 50 Rupees per certificate or 50 Rupees for every hundred securities | 25 Rupees |
| Pledge Creation | 0.03% (Min 100 Rupees) | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Creation Confirmation | Nil | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Closure | Nil | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Closure Confirmation | Nil | 0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees |
| Pledge Invocation | Nil | 0.02% of the transaction value subject to a minimum of 50 Rupees + depository charges at actually |
| Failed Instruction Charges | Nil | 30 Rupees per transaction |
| Other Charges | Freeze/De-freeze – 25 Rupees per transaction Stock lending & Borrowing – 0.02% of the value of the transaction per request (minimum 100 Rupees) Client Master changes 30 Rupees per request | Cheque Bounce- 350/- Rupees Physical Statement – 50/- Rupees (Courier charges) Modification in CML – 50/- Rupees per request |
Customer Facility based comparison:
Both Sharekhan vs. Fyers are here compared regarding the quality /facility of customer assistance:
| Particulars | Sharekhan | Fyers |
| 24/7 Customer Service | NOT AVAILBLE | NOT AVAILABLE |
| Email Support | AVAILABLE | AVAILABLE |
| Online Live Chat | AVAILABLE | NOT AVAILABLE |
| Phone Support | AVAILABLE | AVAILABLE |
| Toll Free Number | AVAILABLE | NOT AVAILABLE |
| Through Branches | AVAILABLE | NOT AVAILABLE |
| Customer Care Number | 1800227500 | 080 4625 1111 |
| Account Opening Process | Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | sharekhan.com | www.Fyers.in/faqs |
| Head Office Address | Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai-MH– 400042 | Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar, Bangalore – 560009 |
| Website | www.sharekhan.com | www.fyers.in |
Conclusion:
In this article, you have read the comparative study between Flyers & Sharekhan. But which broker should you choose that should be dependent on your specific requirement? Both Sharekhan and Fyers are renowned & market leaders and offer different plans to their customers.
