angel broking

Sharekhan Vs IIFL: In Detailed Comparison

angel broking

Sharekhan is a Mumbai based full-service broker. One of the leading wealth management organization Sharekhan is a depository participant of both NSDL & CDSL.

On the other hand, IIFL (India Infoline Pvt Ltd.) is a globally accepted and acknowledged wealth management organization. It offers multiple types of plans to investors also. You will go through those in a comparative study between Sharekhan vs IIFL.

Sharekhan Vs IIFL

Sharekhan:

  1. Famed for their research data. Achieved many awards for that. 
  2. Online Trading Academy (OTA) in collaboration with Sharekhan provides training opportunities to investors. 
  3. Call & Trade facility is free. 
  4. A minimum Brokerage fee is charged.
  5. Don’t have a 3-in-1 Account facility. 

IIFL: 

  1. IIFL is a leading broking house of India having a global presence.
  2. Offers multiple broking plans to customers. 
  3. Offers Trade in all segments. 
  4. There is a hidden charge in brokerage.

Relative Study: On Customer Feedback:

You can also take a basic overview of the previous customer experiences with this company. Traders are attached to these companies for several decades.

As per the study on customer feedback we derived this below mentioned details: 

 ParticularsSharekhanIndia Infoline (IIFL)
Review at a whole★★★★★★★★
Review: Brokerage Charges★★★★★
Review: Trading Platform★★★★★★★★
Review: Investments Offering★★★★★★★★★
Review: Customer Service★★★★★★★
Class of BrokerFull-service BrokerFull-service Broker
Exchanges Supported BSE, NSE, MCX, NCDEX, NSELNSE, BSE, MCX, NCDEX

Relative Study: on Account Opening & AMC:

All the account opening policies and other charges regarding account opening are quite different for both of these companies. Sharekhan and IIFL offer different advantages to their customers also.

Related Post:   Sharekhan Vs ICICI Direct: In Detail Comparison

We have compared Sharekhan & IIFL considering their cost to open an account or to pay the AMC as below: 

ChargesSharekhanIndia Infoline (IIFL)
Account Opening Fees: Trading A/cZERO750 Rupees
AMC: Trading A/cZEROZERO
Account Opening Fees: DEMAT A/cZERO555 Rupees
AMC: DEMAT A/c400 Rupees p.a. (Waived for 1st year)300 Rupees p.a.
Depository Participant ServicesAvailableAvailable
demat acount sharekhan

Sharekhan Vs IIFL Brokerage Plans 

IIFL doesn’t offer any of the multiple, monthly or yearly plans. Whereas, Sharekhan only offers multiple plan options. A comparison between these two companies can push you for a better option as per your requirements.

Plan TypesSharekhanIndia Infoline (IIFL)
Multiple YESNO
Monthly NONO
Yearly NONO

Relative Study: Brokerage Charge: 

In a matter of charges both of Sharekhan and IIFL offers a different percentage.

Considering the brokerage charges we got the below-mentioned details: 

ParticularsSharekhanIndia Infoline (IIFL)
Name of PlanClassic Trading Plan (% Based)Standard Trading Plan (% Based)
Equity: Delivery0.5% or 50 paisa0.5% or 50 paisa
Equity: Intraday0.1% or 10 paisa0.05% or 5 paisa
Equity: Futures0.1% or 10 paisa0.05% or 5 paisa
Equity: Options2.5% of Premium or 250Rupees/ lot whichever is high1% of Premium or 100 Rupees/ lot whichever is high
Currency: Futures0.1% or 10 paisa0.05% or 5 paisa
Currency: Options2.5% of Premium or 30 Rupees/ lot whichever is high1% of Premium or 100 Rupees/lot whichever is high
Commodity: Trading0.1% or 10 paisa0.05% or 5 paisa
Minimum: Brokerage20 RupeesMinimum 25 Rupees
Hidden ChargesNoNo Info Available
FundingYes – 18% interest PAYes – 18% interest PA
Call & Trade ChargesFree50 Rupees Per Call + GST
Sharekhan Vs IIFL

Relative Study: Order Type: 

Almost every order type is offered by both of these companies. Traders will experience a little different in this part.

Related Post:   Upstox Vs Reliance Securities Comparison: Find the Best Discount Broker

Assessing the order types we can compare Sharekhan vs IIFL as below:

Particulars SharekhanIndia Infoline (IIFL)
CNC Order
MIS Order
NRML Order
Cover Order
Bracket Order
AMO-After Market Orders
GTC-Good Till Cancelled

Sharekhan Vs IIFL Margin/ Leverage: 

Every company offers different margins. To choose the better one from your side, you have to know those also. Besides the facilities, the margin rate is also an important factor for all traders.

Comparing the study of Leverage between Sharekhan & IIFL we get to know the below mentioned:

ParticularsSharekhanIndia Infoline (IIFL)
Equity Delivery Margin Max 5x via Margin Funding.No Delivery margin.
Equity Intraday Margin Max 10x leverage for equity.Max 5x leverage for equity.
Futures Margin Max 2x leverage for futures.Max 2x leverage for futures.
Options Margin Max 2x margin for Options shorting, No leverage for options buying.Max 2x margin for Options shorting, No leverage for options buying.
Equity CO Margin Max 15x margin/leverage in CO order for selected equity scripts.Max 15x margin/leverage in CO order for selected equity scripts via Trader Multiple Option.
Futures CO Margin Max 15x margin/leverage in CO order for futures contracts.Max 25x margin/leverage in CO order for Futures contracts via Trader Multiple Option.
Options CO   Margin Max 15x margin/leverage in CO order for options contracts sell only.Info Not Available
Commodity Margin Info Not AvailableInfo Not Available

Relative Study: Transaction Charge: 

Based on the transactional charge we can contrast Sharekhan vs IIFL as hereunder: 

Related Post:   Upstox Vs Arihant Capital – Comparison Online
ParticularsSharekhanIndia Infoline (IIFL)
Equity Delivery325 Rupees/Cr325 Rupees/Cr
Equity Intraday325 Rupees/Cr325 Rupees/Cr
Equity Futures190 Rupees/Cr190 Rupees/Cr
Equity Options5000 Rupees/Cr5000 Rupees/Cr
Currency Futures100 Rupees/Cr110 Rupees/Cr
Currency Options4000 Rupees/Cr4000 Rupees/Cr
CommodityNon-Agri:260 Rupees/Cr
Agri: 175 Rupees/Cr
Non-Agri: 260 Rupees/Cr
Agri: 175 Rupees/Cr

Account Specification:

All account facilities and specifications hold effects on your trading experience.

Contrasting the account features we derived the below-mentioned information: 

Account Features CompareSharekhanIndia Infoline (IIFL)
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading

Relative Study: Trading Stage: 

Both the organization offers different trading platforms for trading to its investors. 

ParticularsSharekhanIndia Infoline (IIFL)
Desktop Trading PlatformTradeTigerIIFL Trader terminal
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailwww.sharekhan.com/ttweb.indiainfoline.com
Mobile Site
Mobile Trading
Mobile Trading AppSharekhanIIFL Markets
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Customer Support:

The customer support system is essential for newcomers to the share market as well as experienced traders. It helps you with any problem regarding your account, investments, etc.

We can compare the customer assistance segment of Sharekhan & IIFL as below: 

Customer Service CompareSharekhanIndia Infoline (IIFL)
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll-Free Number 
Through Branches 
Customer Care Number 1800227500022-40071000
Account Opening Process OfflineOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Center /Education www.sharekhan.com/help/hellottweb.indiainfoline.com/Trade/FAQs/Statements.aspx
Head Office Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH– 400042
IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Website www.sharekhan.comwww.indiainfoline.com

Conclusion: 

The article is meant for comparing Sharekhan vs. IIFL so that every investor can get a clear picture of where he is investing his sweat earned money. Every detail about Sharekhan & IIFL is mentioned here for the information of investors so that they can take the wise & right decision.

angel broking