Sharekhan Vs Geojit: In-Depth Comparison
Full-service broker GEOJIT is incorporated in 1988. It is listed under BSE & NSE and registered with NSDL & CDSL. GEOJIT provides an online trading facility in India with over 480 branches across the country.
Whereas, Sharekhan is a very old market leader having a presence in 575 cities across India. It is also a full-service broker listed under NSE, BSE, MCX & NCDEX. It is one of the top-most finance broking organisations of India.
Before we arrive at the comparison, let us inform you one important similarity between these two organisations – both of these organisations are a part of BNP Paribas, an international leading bank of Europe. Sharekhan has become the subsidiary of BNP Paribas in 2016 whereas, it become the largest stakeholder of GEOJIT in 2009.
- Geojit is the first company to provide the facility to trade through Facebook.
- It is listed under BSE & NSE.
- Geojit has a strong-hold in the NRI trading market through gulf countries.
- Registered under SEBI as Direct participant.
- Sharekhan provides updated research information to its customers.
- It offers a variety of investment options to the customers.
- Call & trade facility is offered by the organisation for free.
- They have a huge network of sub-brokers & clients.
- Loan against security (LAS) facility available.
- Offers trading training to customers in association with Online Trading Academy (OTA).
Comparisons: Based on the facilities provided:
So many various facilities are offered by both of these leading companies. You can face variety regarding demat account, trading, margin and much more. A detailed comparison can help you to go for the best. Here we are comparing Geojit & Sharekhan based on the facilities they offer:
|Market rating as an organisation||4/5||4/5|
|The rating according to Fees charged for Brokerage||3/5||2.5/5|
|The rating according to Trading platform||4.5/5||4.5/5|
|The rating according to the Investment offerings||4/5||5/5|
|The rating according to customer satisfaction||4/5||4/5|
|Type of Broker||Full-service Broker||Full-service Broker|
|Stock Exchanges supported||BSE, NSE, MCX-SX||BSE, NSE, MCX, NCDEX, NSEL|
Comparison: Based on Account Maintenance Charges:
Both Sharekhan & Geojit provides a free Trading account & DEMAT account to its customer. The AMC for the trading account is free. However, they charge an AMC of DEMAT account annually. Based on the AMC & Account opening charges we can compare SHAREKHAN & GEOJIT as here under:
|Trading Account Opening Fees||Free of cost||Free of cost|
|Trading AMC||Free of cost||Free of cost|
|Demat Account Opening Fees||Free of cost||Free of cost|
|Demat AMC||400 Rupees p.a.||400 Rupees p.a. (Waived for 1st year)|
|Provide DP Service||YES||YES|
Comparison: Based on Brokerage Plan:
Here we have compared Sharekhan & Geojit based on brokerage plan offerings to the customers. Sharekhan offers multiple plans to their customers, but they don’t have monthly or yearly plans for their customers. Whereas Geojit doesn’t have any of the multiple, monthly or yearly plans.
Comparison: Based on Brokerage Charges:
Geojit & Sharekhan both offers its customers a percentage base brokerage plan. Sharekhan has a fixed minimum brokerage charge of INR.20/, whether Geojit charges INR. 20/per contract or 1paisa per share, whichever is higher.
|Plan Name||Online Trading Plan (Percentage Based)||Classic Trading Plan (Percentage Based)|
|Equity Delivery||0.3% or 0.3 Rupees||0.5% or 0.5 Rupees|
|Equity Intraday||0.03% or 0.03 Rupees||0.1% or 0.1 Rupees|
|Equity Futures||0.03% or 0.03 Rupees||0.1% or 0.1 Rupees|
|Equity Options||75 Rupees Per Lot||2.5% of Premium OR250 Rupees per lot (whichever is higher)|
|Currency Futures||15 Rupees Per Lot||0.1% or 0.1 Rupees|
|Currency Options||15 Rupees Per Lot||2.5% of Premium OR 30 Rupees per lot (whichever is higher)|
|Commodity Trading||0.05% or 0.05 Rupees||0.1% or 0.1 Rupees|
|Minimum Brokerage||1p per share OR 20 Rupees contract (whichever is higher)||20 Rupees|
|Hidden Charges||Info Not Available||No|
|Funding||Yes – 20% interest PA||Yes – 18% interest PA|
|Call & Trade Charges||Free||Free|
Comparison: Based on Transactional Charges:
Transactional charges are different for both of them, which can be beneficial for you, relatively. 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||5000 Rupees Per Cr||5000 Rupees Per Cr|
|Currency Futures||110 Rupees Per Cr||100 Rupees Per Cr|
|Currency Options||4000 Rupees Per Cr||4000 Rupees Per Cr|
|Commodity||Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr||Non-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per Cr|
Comparison: Based on the feature provided in account:
Both Sharekhan & Geojit 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||YES|
|Intraday Square-off Time||3:15PM||3:15PM|
Comparison: Based on Trading Platform:
Both Sharekhan & Geojit 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||SELFIE Platinum||TradeTiger|
|Desktop Platform (Windows)||YES||YES|
|Desktop Platform (Mac)||NO||NO|
|Web Trading Platform||YES||YES|
|Web Trading Detail||https://selfie.geojit.net/||https://www.sharekhan.com/|
|Mobile Trading App||SELFIE Geojit||Sharekhan|
|Android Mobile App||YES||YES|
|iPhone Mobile App (IOS)||NO||YES|
|Android Tablet App||YES||YES|
|iPad App (IOS)||NO||YES|
|Trading Software Charges||Free||Free|
Comparison: Based on Investment offer:
According to the large variety of investment opportunities, both Sharekhan & Geojit 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||YES||NO|
|Other Investment Options||Insurance||NIL|
Comparison: Based on DEMAT Account offerings:
|DEMAT Account Annual Maintenance Charges(AMC)||INR.600 pa||INR.500 pa|
|Advance Deposit||NIL||INR. 500 Advance (will be adjusted against billing) (Optional). Tariff D-“Deposit INR. 2999 (refund of deposit INR. 2000 on closure)|
|Statutory charges||Nil||Actual Stamp Paper Charges|
|Transaction Charges on Debit (Per ISIN)||0.02% of transaction value (Max INR.40) + CDSL charges||0.03% (Min INR.30) + INR.5.50 (CDSL Charges)|
|DEMAT||INR.100 per DEMAT request max 5 + INR.20 each additional certificate||INR.5 per certificate (Min 50 per request)|
|REMAT||INR.10 per certificate or INR.10 per certificate whichever is higher + INR.35 courier charges||INR.50 per certificate or INR.50 for every hundred securities|
|Pledge Creation||INR.50 per transaction||0.03% (Min INR.100)|
|Pledge Creation Confirmation||Nil||Nil|
|Pledge Closure Confirmation||Nil||Nil|
|Pledge Invocation||INR.50 per transaction||Nil|
|Failed Instruction Charges||Nil||Nil|
|Other Charges||Nil||Freeze/De-freeze – INR.25 per transaction|
Stock lending & Borrowing – 0.02% of the value of the transaction per request (minimum INR.100)
Client Master changes INR.30 per request
Comparison: Based on Customer Service:
The customer support is important for both of the new and experienced traders. Here are the comparison & details of Sharekhan vs. Geojit regarding customer assistance:
|24/7 Customer Service||NO||NO|
|Online Live Chat||NO||YES|
|Toll Free Number||YES||YES|
|Customer Care Number||1800-425-5501/1800-103-5501/91-484-2405822||1800227500|
|Account Opening Process||Offline||Offline|
|Customer Support Email||[email protected]||[email protected]|
|Knowledge Centre /Education||www.geojit.com/equity-products/class-room||www.sharekhan.com/help/hello|
|Head Office Address||Geojit Financial Services Ltd.|
Civil Line Road Padivattom,
Lodha iThink Techno Campus,
In the above article, we portrayed a comparative picture of Geojit vs Sharekhan based on the service offered, charges, feasibility, and customer support system. But this picture can differ for individual specific investor needs. So, it’s important not to go by the reviews & ratings, but by the plan details & fee structure.