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Sharekhan Vs Geojit: In Depth Relative Study

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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. 

Functions:

Geojit:

  1. Geojit is the first company to provide the facility to trade through Facebook.
  2. It is listed under BSE & NSE.
  3. Geojit has a strong-hold in the NRI trading market through gulf countries.
  4. Registered under SEBI as Direct participant. 

Sharekhan:

  1. Sharekhan provides updated research information to its customers. 
  2. It offers a variety of investment options to the customers. 
  3. Call & trade facility is offered by the organisation for free.
  4. They have a huge network of sub-brokers & clients. 
  5. Loan against security (LAS) facility available.
  6. Offers trading training to customers in association with Online Trading Academy (OTA).
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Sharekhan Vs Geojit

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:

 ParticularsGeojitSharekhan
Market rating as an organisation4/54/5
The rating according to Fees charged for Brokerage 3/52.5/5
The rating according to Trading platform4.5/54.5/5
The rating according to the Investment offerings4/55/5
The rating according to customer satisfaction4/54/5
Type of BrokerFull-service BrokerFull-service Broker
Stock Exchanges supportedBSE, NSE, MCX-SXBSE, 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:

ParticularsGeojitSharekhan
Trading Account Opening FeesFree of costFree of cost
Trading AMCFree of costFree of cost
Demat Account Opening FeesFree of costFree of cost
Demat AMC400 Rupees p.a.400 Rupees p.a. (Waived for 1st year)
Provide DP ServiceYESYES
Sharekhan Vs Geojit

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. 

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ParticularsGeojitSharekhan
Multiple PlansNOYES
Monthly PlansNONO
Yearly PlansNONO

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. 

ParticularsGeojitSharekhan
Plan NameOnline Trading Plan (Percentage Based)Classic Trading Plan (Percentage Based)
Equity Delivery0.3% or 0.3 Rupees0.5% or 0.5 Rupees
Equity Intraday0.03% or 0.03 Rupees0.1% or 0.1 Rupees
Equity Futures0.03% or 0.03 Rupees0.1% or 0.1 Rupees
Equity Options75 Rupees Per Lot2.5% of Premium OR250 Rupees per lot (whichever is higher)
Currency Futures15 Rupees Per Lot0.1% or 0.1 Rupees
Currency Options15 Rupees Per Lot2.5% of Premium OR 30 Rupees per lot (whichever is higher)
Commodity Trading0.05% or 0.05 Rupees0.1% or 0.1 Rupees
Minimum Brokerage1p per share OR 20 Rupees contract (whichever is higher)20 Rupees
Hidden ChargesInfo Not AvailableNo
FundingYes – 20% interest PAYes – 18% interest PA
Call & Trade ChargesFreeFree
demat acount sharekhan

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: 

ParticularsGeojitSharekhan
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 Options5000 Rupees Per Cr5000 Rupees Per Cr
Currency Futures110 Rupees Per Cr100 Rupees Per Cr
Currency Options4000 Rupees Per Cr4000 Rupees Per Cr
CommodityNon-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per CrNon-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:

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ParticularsGeojitSharekhan
3 in 1 AccountNONO
ChartingYESYES
Algo TradingNONO
SMS AlertsYESYES
Online DemoYESYES
Online PortfolioYESYES
Margin Trading Funding AvailableYESYES
Combined Ledger for Equity and CommodityYESYES
Intraday Square-off Time3:15PM3:15PM
NRI TradingYESYES

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:

Particulars GeojitSharekhan
Desktop Trading PlatformSELFIE PlatinumTradeTiger
Desktop Platform (Windows)YESYES
Desktop Platform (Mac)NONO
Web Trading PlatformYESYES
Web Trading Detailhttps://selfie.geojit.net/https://www.sharekhan.com/
Mobile SiteYESYES
Mobile TradingYESYES
Mobile Trading AppSELFIE GeojitSharekhan
Android Mobile AppYESYES
iPhone Mobile App (IOS)NOYES
Android Tablet AppYESYES
iPad App (IOS)NOYES
Trading Software ChargesFreeFree

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:

Particulars.GeojitSharekhan
Equity Cash and F&OYESYES
Currency DerivativesYESYES
CommodityYESYES
Online IPO ApplicationNONO
Mutual FundsYESYES
Bond / NCDYESYES
ETFYESYES
BankingNONO
InsuranceYESYES
ForexNONO
MF SIP InvestmentYESYES
Equity SIP InvestmentYESNO
PMS ServiceYESYES
Other Investment OptionsInsuranceNIL

Comparison: Based on DEMAT Account offerings:

Here we will compare Geojit vs. Sharekhan based on offering DEMAT A/c to its customers for share trading. All the charges and other provided facilities regarding the DEMAT account is compared below:

 ParticularsGeojitSharekhan
DP SourceCDSLCDSL
DP ID 4890036000
DEMAT Account Annual Maintenance Charges(AMC)INR.600 paINR.500 pa
Advance DepositNILINR. 500 Advance (will be adjusted against billing) (Optional). Tariff D-“Deposit INR. 2999 (refund of deposit INR. 2000 on closure)
Statutory chargesNilActual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN)0.02% of transaction value (Max INR.40) + CDSL charges0.03% (Min INR.30) + INR.5.50 (CDSL Charges)
DEMATINR.100 per DEMAT request max 5 + INR.20 each additional certificateINR.5 per certificate (Min 50 per request)
REMATINR.10 per certificate or INR.10 per certificate whichever is higher + INR.35 courier chargesINR.50 per certificate or INR.50 for every hundred securities
Pledge CreationINR.50 per transaction0.03% (Min INR.100)
Pledge Creation ConfirmationNilNil
Pledge ClosureNilNil
Pledge Closure ConfirmationNilNil
Pledge InvocationINR.50 per transactionNil
Failed Instruction ChargesNilNil
Other ChargesNilFreeze/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:

Particulars GeojitSharekhan
24/7 Customer Service NONO
Email Support YESYES
Online Live Chat NOYES
Phone Support YESYES
Toll Free Number YESYES
Through Branches YESYES
Customer Care Number 1800-425-5501/1800-103-5501/91-484-24058221800227500
Account Opening Process OfflineOffline
Customer Support Email [email protected][email protected]
Knowledge Centre /Education www.geojit.com/equity-products/class-roomwww.sharekhan.com/help/hello
Head Office Address Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH– 400042
Website www.geojit.comwww.sharekhan.com

Conclusion: 

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.

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