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.
- Zero brokerage fee on equity delivery trading.
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
- Renowned for being focused on customer training, education & assistance.
- Provides periodical research and bulletins to the customer to grow awareness about market trends and research on companies.
- Ensures free trading & DEMAT account opening.
- It Provides marginal funding.
- A minimum brokerage is present.
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.
|Broker Type||Full-Service Broker||Discount Broker|
|Headquarters||Mumbai, India||Mumbai, India|
|Founder||Jaideep Arora||Raghu Kumar, |
Ravi Kumar &
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.
A general rating table, based on those customer reviews, is mentioned below.
|Products & Services||7.0/10||6.5/10|
|Brokerage Charges & Fees||6.5/10||9.5/10|
|Stock Research & Advisory||7.0/10||3.0/10|
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.
|Depository Source||For Sharekhan:|
NSDL & CDSL
|For Upstox: |
|Account Opening Charges||Zero||Rs.150|
|DEMAT AMC Charges||Free or 300 Rupees/Annum||150 Rupees/Annum|
|Trading AMC Charges||Free of cost||Free of cost|
|Offline to Online||Yes||No|
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 & Fees||Sharekhan Brokerage||Upstox Brokerage|
|Equity Delivery Trading||0.50%||Zero|
|Equity Intraday Trading||0.10%||Rs.20|
|Commodity Options Trading||0.10%||Rs.20|
|Equity Futures Trading||0.10%||Rs.20|
|Equity Options Trading||Rs.100 per Lot or 2.5% on |
Premium (Takes higher Amount)
|Rs.20 per lot|
|Currency Futures Trading||0.10%||Rs.20|
|Currency Options Trading||Rs.30 per Lot or 2.5% on |
Premium (Takes higher Amount)
|Rs.20 per lot|
|DEMAT AMC Charges||Free or Rs.300 per Annum||Rs.150 per annum|
|Trading AMC Charges||Free||Free|
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.
A comparative table of Upstox & Sharekhan regarding this is mentioned here.
|Transaction Charges||0.00275% of Total Ammount of Turnover||0.00275% of Total Ammount of Turnover|
|STT||0.0126% of Total Ammount of Turnover||0.0126% of Total Ammount of Turnover|
|SEBI Turnover Charges||0.0002% of Total Ammount of Turnover||0.0002% of Total Ammount of Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% 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.
|Free DEMAT Account||✔||✖|
|Free Trading Account||✔||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✔||✖|
|1 Month Brokerage Free||✔||✖|
|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.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 32x||Maximum 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 & Advisory||Sharekhan||Upstox|
|Reports of Research||✔||✖|
|Reports of Company||✔||✖|
|Reports in annual basis||✔||✖|
|Review of Company Stock||✔||✖|
|Free Tips of stocks||✔||✖|
|Reports of IPO||✖||✖|
|Review of Daily Market||✖||✖|
|Reports in Monthly||✔||✖|
|Reports in weekly basis||✔||✖|
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 / Leverage||Sharekhan Margin||Upstox Margin|
|Equity Delivery||Maximum 15x||Maximum 5x|
|Equity Intraday||Maximum 32x||Maximum 20x|
|Equity Futures||Maximum 15x||Maximum 7x|
|Equity Options||Maximum 10x||Maximum 8x|
|Currency Futures||Maximum 8x||Maximum 5x|
|Currency Options||Maximum 10x||Maximum 6x|
|Commodities||Maximum 10x||Maximum 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.
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.
|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||✖||✖|
|Online MF Buy||✔||✔|
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.
|Support Number||1800 22 7500||022 – 6130 9999|
|Toll-Free Number||1800 22 7500||✖|
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)||Sharekhan||Upstox|
|Lodged in BSE||198||185|
|Resolved in BSE||184||126|
|Lodged in NSE||218||175|
|Resolved in NSE||217||139|
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.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.