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Upstox Vs Sharekhan Comparison: Find the Best Discount Broker

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Upstox Vs Sharekhan – Comparison:

Both Upstox and Sharekhan are two famous companies of the share market. They offer different trading services and products to traders. But some charges and products come with differences.

A proper comparison of Upstox vs Sharekhan is here to lead you to the clear concept. It can help you to go for a better option.

Notable Features:

Upstox: 

  1. Zero brokerage fee on equity delivery trading.
  2. Flat fee-based brokerage fee structure.
  3. Trading Account AMC is free of cost.
  4. Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. Margin Money not required. 

Sharekhan: 

  1. Renowned for being focused on customer training, education & assistance. 
  2. Provides periodical research and bulletins to the customer to grow awareness about market trends and research on companies.
  3. Ensures free trading & DEMAT account opening. 
  4. It Provides marginal funding.
  5. A minimum brokerage is present.
Upstox Vs Sharekhan
Upstox Vs Sharekhan

Upstox Vs Sharekhan Overview: 

Both of these are private broking organizations. Sharekhan was established some years before Upstox. A basic informative overview of Upstox and Sharekhan is mentioned below.

OverviewSharekhanUpstox
Company TypePrivatePrivate
Broker TypeFull-Service BrokerDiscount Broker
HeadquartersMumbai, IndiaMumbai, India
FounderJaideep AroraRaghu Kumar,
Ravi Kumar &
Shrinivas Vishvanath
Established Year20002009

Upstox Vs Sharekhan Customer Ratings: 

We can get different customer reviews and ratings from different online platforms. Traders, who are attached to these companies, have expressed their experiences with these organizations.

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A general rating table, based on those customer reviews, is mentioned below.

Customer RatingsSharekhanUpstox
Experience7.5/105.3/10
Products & Services7.0/106.5/10
Brokerage Charges & Fees6.5/109.5/10
Stock Research & Advisory7.0/103.0/10
Trading Platforms7.5/106.5/10
Overall Ratings7.1/106.2/10
Star Ratings★★★★☆★★★☆☆

Comparison on AMC & AOC: 

Both of Upstox and Sharekhan provide free trading AMC. But in spite of that, there are so many differences in their particular charges. A comparative study is mentioned below. It can lead you to a better option.

DEMAT ServicesSharekhanUpstox
Depository SourceFor Sharekhan:
NSDL & CDSL
For Upstox:
CDSL
Account Opening ChargesZeroRs.150
DEMAT AMC ChargesFree or 300 Rupees/Annum150 Rupees/Annum
Trading AMC ChargesFree of costFree of cost
Margin MoneyZeroZero
Offline to OnlineYesNo

Upstox Vs Sharekhan Brokerage Charges: 

Upstox provides free equity delivery trading, but Sharekhan offers 0.50%. Several brokerage charges are there in these broking organizations. A clear comparison of Upstox vs Sharekhan regarding brokerage charges is mentioned below.

Brokerage Charge & FeesSharekhan Brokerage Upstox Brokerage
Equity Delivery Trading0.50%Zero
Equity Intraday Trading0.10%Rs.20
Commodity Options Trading0.10%Rs.20
Equity Futures Trading0.10%Rs.20
Equity Options TradingRs.100 per Lot or 2.5% on
Premium (Takes higher Amount)
Rs.20 per lot
Currency Futures Trading0.10%Rs.20
Currency Options TradingRs.30 per Lot or 2.5% on
Premium (Takes higher Amount)
Rs.20 per lot
Minimum BrokerageRs.20Rs.20
DEMAT AMC ChargesFree or Rs.300 per AnnumRs.150 per annum
Trading AMC ChargesFreeFree
Margin MoneyZeroZero

Comparison on Administrative Charges: 

Several administrative charges like STT, GST, are also important to be considered. Almost all the charges are the same in these two broking organizations. But to know all the charges in detail, you need a comparative study.

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A comparative table of Upstox & Sharekhan regarding this is mentioned here.

Other ChargesSharekhanUpstox
Transaction Charges0.00275% of Total Ammount of Turnover0.00275% of Total Ammount of Turnover
STT0.0126% of Total Ammount of Turnover0.0126% of Total Ammount of Turnover
SEBI Turnover Charges0.0002% of Total Ammount of Turnover0.0002% of Total Ammount of Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Total Transaction Charges)18% of (Brokerage + Total Transaction Charges)

Comparison on Offers: 

Different offers actually make your trading easier and comfortable. Several offers also attract new traders to choose the particular organization.

You just need to choose the offers, which are actually beneficial as per your requirements. A clear comparison of Upstox vs Sharekhan is mentioned below.

OffersSharekhanUpstox
Free DEMAT Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for
Loss Making Trades

Comparison on Services Offered: 

Every booking company in the share market comes with its own offers and trading services, like DEMAT services, trading services, intraday services, IPO services and much more.

These services are made by observing the customer behaviour and it actually makes your trading and investments easier.

So many services are provided by both of these companies. But there is some difference also, in their offerings. A descriptive table of Upstox and Sharekhan is mentioned below.

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ServicesSharekhanUpstox
DEMAT Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robotic Advisory
PMS
Trading Institution
Trading ExposureMaximum 32xMaximum 20x

Upstox Vs Sharekhan Research & Advisory: 

A proper research work is important in every field to make a plan for next steps. In this way, a proper report and advisories are important to handle and plan the next investments in the share market.

In this field, Sharekhan is far better than Upstox. They provided so many things like, fundamental reports, research reports, company reports, which are not provided by Upstox.

A comparative study of Upstox and Sharekhan is mentioned below.

Research & AdvisorySharekhanUpstox
Fundamental Reports
Reports of Research
Reports of Company
Reports in annual basis
Review of Company Stock 
Free Tips of stocks
Reports of IPO
Top Picks
Review of Daily Market
Reports in Monthly
Reports in weekly basis
Offline Advisory
Relationship Manager

Upstox Vs Sharekhan Margin/ Exposure/ Leverage

When you are investing your money in a particular company, you need to know all the corners of charges and different facilities. Here the margin charges are also very important to be considered before investing.

Almost all the margin charges are different in these two organizations. A clear comparison of Upstox vs Sharekhan is mentioned below.

Exposure / LeverageSharekhan Margin Upstox Margin
Equity DeliveryMaximum 15xMaximum 5x
Equity IntradayMaximum 32xMaximum 20x
Equity FuturesMaximum 15xMaximum 7x
Equity OptionsMaximum 10xMaximum 8x
Currency FuturesMaximum 8xMaximum 5x
Currency OptionsMaximum 10xMaximum 6x
CommoditiesMaximum 10xMaximum 7x

Comparison of Products: 

Several trading products are available in the market to access and control the investments and to monitor them.

They also come in different facilities also. Companies provide different products to their consumers. A clear comparison of products of Upstox vs Sharekhan is mentioned below.

ProductsSharekhanUpstox
Equity Trading
Commodity TradingNo
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Upstox Vs Sharekhan Trading Platform: 

Different trading platforms are there in the share market. These platforms actually allow a trader to access his or her account and investments from anywhere. A clear comparison of trading platforms of Upstox & Sharekhan is mentioned below.

Trading PlatformsSharekhanUpstox
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

Comparison on Customer Support: 

A proper customer support system always helps a trader to trade comfortably. Because he gets any kind of support regarding any problem of account or trading. A comparative study of Upstox vs Sharekhan is mentioned below.

Customer SupportSharekhanUpstox
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number1800 22 7500022 – 6130 9999
Email Support
Chat Support
Toll-Free Number1800 22 7500
Branches126Zero
Sharekhan Free Demat account
Upstox Vs Sharekhan – Sharekhan Free Demat account

Comparison of Grievances Handled: 

It is also a very important factor in trading. A clear comparison regarding this, of Upstox and Sharekhan, is mentioned below.

Complaints (Current Year)SharekhanUpstox
Lodged in BSE198185
Resolved in BSE184126
Lodged in NSE218175
Resolved in NSE217139

Conclusion: 

All the comparative tables and information will make you known about every corner of these broking organizations. Now, you need to find the charges and facilities as per your needs and requirements.

This comparative study of Upstox vs Sharekhan will lead you to the best option.

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