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:
- Famed for their research data. Achieved many awards for that.
- Online Trading Academy (OTA) in collaboration with Sharekhan provides training opportunities to investors.
- Call & Trade facility is free.
- A minimum Brokerage fee is charged.
- Don’t have a 3-in-1 Account facility.
IIFL:
- IIFL is a leading broking house of India having a global presence.
- Offers multiple broking plans to customers.
- Offers Trade in all segments.
- 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:
| Particulars | Sharekhan | India Infoline (IIFL) |
| Review at a whole | ★★★★ | ★★★★ |
| Review: Brokerage Charges | ★★ | ★★★ |
| Review: Trading Platform | ★★★★ | ★★★★ |
| Review: Investments Offering | ★★★★★ | ★★★★ |
| Review: Customer Service | ★★★★ | ★★★ |
| Class of Broker | Full-service Broker | Full-service Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX, NSEL | NSE, 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.
We have compared Sharekhan & IIFL considering their cost to open an account or to pay the AMC as below:
| Charges | Sharekhan | India Infoline (IIFL) |
| Account Opening Fees: Trading A/c | ZERO | 750 Rupees |
| AMC: Trading A/c | ZERO | ZERO |
| Account Opening Fees: DEMAT A/c | ZERO | 555 Rupees |
| AMC: DEMAT A/c | 400 Rupees p.a. (Waived for 1st year) | 300 Rupees p.a. |
| Depository Participant Services | Available | Available |
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 Types | Sharekhan | India Infoline (IIFL) |
| Multiple | YES | NO |
| Monthly | NO | NO |
| Yearly | NO | NO |
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:
| Particulars | Sharekhan | India Infoline (IIFL) |
| Name of Plan | Classic Trading Plan (% Based) | Standard Trading Plan (% Based) |
| Equity: Delivery | 0.5% or 50 paisa | 0.5% or 50 paisa |
| Equity: Intraday | 0.1% or 10 paisa | 0.05% or 5 paisa |
| Equity: Futures | 0.1% or 10 paisa | 0.05% or 5 paisa |
| Equity: Options | 2.5% of Premium or 250Rupees/ lot whichever is high | 1% of Premium or 100 Rupees/ lot whichever is high |
| Currency: Futures | 0.1% or 10 paisa | 0.05% or 5 paisa |
| Currency: Options | 2.5% of Premium or 30 Rupees/ lot whichever is high | 1% of Premium or 100 Rupees/lot whichever is high |
| Commodity: Trading | 0.1% or 10 paisa | 0.05% or 5 paisa |
| Minimum: Brokerage | 20 Rupees | Minimum 25 Rupees |
| Hidden Charges | No | No Info Available |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | Free | 50 Rupees Per Call + GST |
Relative Study: Order Type:
Almost every order type is offered by both of these companies. Traders will experience a little different in this part.
Assessing the order types we can compare Sharekhan vs IIFL as below:
| Particulars | Sharekhan | India 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:
| Particulars | Sharekhan | India 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 Available | Info Not Available |
Relative Study: Transaction Charge:
Based on the transactional charge we can contrast Sharekhan vs IIFL as hereunder:
| Particulars | Sharekhan | India Infoline (IIFL) |
| Equity Delivery | 325 Rupees/Cr | 325 Rupees/Cr |
| Equity Intraday | 325 Rupees/Cr | 325 Rupees/Cr |
| Equity Futures | 190 Rupees/Cr | 190 Rupees/Cr |
| Equity Options | 5000 Rupees/Cr | 5000 Rupees/Cr |
| Currency Futures | 100 Rupees/Cr | 110 Rupees/Cr |
| Currency Options | 4000 Rupees/Cr | 4000 Rupees/Cr |
| Commodity | Non-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 Compare | Sharekhan | India 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 Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✔ | ✔ |
Relative Study: Trading Stage:
Both the organization offers different trading platforms for trading to its investors.
| Particulars | Sharekhan | India Infoline (IIFL) |
| Desktop Trading Platform | TradeTiger | IIFL Trader terminal |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✖ | ✖ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | www.sharekhan.com/ | ttweb.indiainfoline.com |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | Sharekhan | IIFL Markets |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
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 Compare | Sharekhan | India Infoline (IIFL) |
| 24/7 Customer Service | ✖ | ✖ |
| Email Support | ✔ | ✔ |
| Online Live Chat | ✔ | ✖ |
| Phone Support | ✔ | ✔ |
| Toll-Free Number | ✔ | ✖ |
| Through Branches | ✔ | ✔ |
| Customer Care Number | 1800227500 | 022-40071000 |
| Account Opening Process | Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center /Education | www.sharekhan.com/help/hello | ttweb.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.com | www.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.
