Zerodha Vs Indiabulls Subh – Comparison:
Comparing Zerodha vs Indiabulls Subh in terms of all product-wise details which are essential for every investor we get the detailed study. In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.
Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.
Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices.
India Bulls (Subh) is a famous discount broker for offering very low brokerage plans to customers.
It offers an ‘unlimited’ trading plan, trading platform at no cost, free of cost call & trade facility, research reports & zero interest marginal funding. It has a base with more than 7 lakhs customer, 900 sub-broker and presence in 18+ cities of India.
Notable Features:
Zerodha:
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
India Bulls (Subh):
- No brokerage fee for trading in Equity, F&O, and Currency.
- Fixed charges are present monthly.
- It offers a transparent tariff plan. A hidden charge is not there.
- Interest-free Marginal trading service.
- You can opt for account opening in a paperless way.
Zerodha Vs Indiabulls Service Ratings:
Comparing Zerodha vs Indiabulls Subh based on customer service review we get the below-mentioned information.
We can see from the below table, that in terms of the trading platform offering Zerodha & Indiabulls Subh are similar in rating.
But in terms of brokerage charge & customer support, Zerodha is a step ahead of Indiabulls Subh. Conversely in the product offering segment, Indiabulls beat Zerodha getting 5 out of 5.
| Particulars | Zerodha | Indiabulls Ventures |
| Overall Rating | 4.5 out of 5 | 4 out of 5 |
| Brokerage Charges | 4.5 out of 5 | 3 out of 5 |
| Trading Platform | 4.5 out of 5 | 4.5 out of 5 |
| Investments Offering | 4 out of 5 | 5 out of 5 |
| Customer Service | 4.5 out of 5 | 3.5 out of 5 |
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX-SX, and MCX | BSE, NSE, MCX, NCDEX |
Comparison on AOC & AMC:
Comparing Zerodha & Indiabulls Subh based on AOC & AMC we get the below information. Both the broker offers trading AMC & DEMAT account opening fee-free.
| Charges | Zerodha | Indiabulls Ventures |
| Trading Account Opening Fees | Online Rs 200 (T+D), Rs 300 (T+D+C). Offline Rs 400 (T+D), Rs 600 (T+D+C). T*Trading, D*Demat, C*Commodity | Rs 500 |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 300 PA | Rs 450 PA (2nd Year Onward) |
| Provide DP Service | ✔ | ✔ |
Zerodha Vs Indiabulls Brokerage Plan:
Zerodha doesn’t offer any brokerage plan to the customer. But Indiabulls Subh offers Multiple types of brokerage plans to their customer. Details of brokerage plans are mentioned here below:
| Plan Types | Zerodha Brokerage | Indiabulls Ventures Brokerage |
| Multiple Plans | ✖ | ✔ |
| Monthly Plans | ✖ | ✖ |
| Yearly Plans | ✖ | ✖ |
Zerodha Vs Indiabulls Brokerage Charge:
Comparing Zerodha vs Indiabulls Subh based on brokerage fee offering we get the below-mentioned information.
We can see in the below table that both Zerodha and Indiabulls Subh offer flat fee-based brokerage. Also, both the broker doesn’t have any minimum brokerage charge available.
| Particulars | Zerodha | Indiabulls Ventures |
| Plan Name | Max Rs 20 per order Trading Plan | Unlimited trading plan |
| Equity Delivery | Free | Rs 1000 |
| Equity Intraday | 0.01% or Rs 20 whichever is lower | Include in Delivery |
| Equity Futures | 0.01% or Rs 20 whichever is lower | Rs 1000 |
| Equity Options | Flat Fee Rs 20 | Include in Derivatives |
| Currency Futures | 0.01% or Rs 20 whichever is lower | Include in Derivatives |
| Currency Options | Flat Fee Rs 20 | Include in Derivatives |
| Commodity Trading | Flat Fee Rs 20 | NA |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | No | Info Not Available |
| Funding | Info Not Available | Info Not Available |
| Call & Trade Charges | Rs 20 Per Executable Order | Rs 15 per executed order |
Comparison on Transaction Charge:
Contrasting Zerodha and Indiabulls Subh on transaction charge we get the below details.
Here we can see that the transaction charge for Indiabulls Subh is much higher than Zerodha in respect of equity future, currency options & equity options.
Contrasting that, in terms of charges in currency futures and commodities the charges of Indiabulls are lesser than Zerodha.
| Particulars | Zerodha | Indiabulls Ventures |
| Equity Delivery | Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Intraday | Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Futures | Rs 190 Per Cr | Rs 250 Per Cr |
| Equity Options | Rs 5000 Per Cr | Rs 5500 Per Cr |
| Currency Futures | Rs 135 Per Cr | Rs 120 Per Cr |
| Currency Options | Rs 4400 Per Cr | Rs 4500 Per Cr |
| Commodity | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | Non-Agri: Rs 300 Per Cr | Agri: Rs 250 Per Cr |
Comparison on Account Feature:
Comparing Zerodha and Indiabulls Subh based on account feature we derived the below-mentioned table.
| Particulars | Zerodha | Indiabulls Ventures |
| 3 in 1 Account Services | ✖ | ✖ |
| Charting Services | ✔ | ✔ |
| Algo Trading Services | ✔ | ✖ |
| SMS Alerts Services | ✖ | ✔ |
| Online Demo Services | ✔ | ✖ |
| Online Portfolio Services | ✔ | ✔ |
| Margin Trading Funding Services | ✖ | ✔ |
| Combined Ledger for Equity and Commodity Services | ✔ | ✔ |
| Intraday Square-off Time Services | 3:15 PM | 3:15 PM |
| NRI Trading Services | ✔ | ✔ |
| Other Services | NIL | Mobile Application: Power Indiabulls Mobile |
Zerodha Vs Indiabulls Trading Terminal:
A trading media is a significant part of any broker’s offering. Nowadays investors attract mostly over better & smarter technology. Here we have compared Zerodha vs Indiabulls Subh based on their trading terminal offering:
| Particulars | Zerodha | Indiabulls Ventures |
| Desktop Trading Platform | Zerodha PI | Power Indiabulls |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✖ | ✔ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | https://kite.zerodha.com/ | https://shubhtrade.indiabulls.com |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | Zerodha Kite | Indiabulls Shubh |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Info Not Available |
Comparison on Product:
Comparing Zerodha and Indiabulls Subh based on their product offering we derived this below information.
| Particulars | Zerodha | Indiabulls Ventures |
| Equity Cash and F&O | ✔ | ✔ |
| Currency Deravitives | ✔ | ✔ |
| Commodity | ✔ | ✔ |
| Online IPO Application | ✔ | ✖ |
| Mutual Funds | ✔ | ✔ |
| Bond / NCD | ✔ | ✔ |
| ETF | ✔ | ✔ |
| Banking | ✖ | ✖ |
| Insurance | ✖ | ✔ |
| Forex | ✖ | ✖ |
| MF SIP Investment | ✔ | ✔ |
| Equity SIP Investment | ✖ | ✖ |
| PMS Service | ✖ | ✖ |
| Other Investment Options | NIL | NIL |
Zerodha Vs Indiabulls Margin/ Exposure/ Leverage
Considering the Leverage/Margin we here have compared Zerodha & Indiabulls Subh as below:
| Particulars | Zerodha Margin | Indiabulls Ventures Margin |
| Equity Delivery Leverage | No Delivery Leverage. | Info Not Available |
| Equity Intraday Leverage | Maximum 10x or 10% considering Variable and ELM. | Maximum 10x or 10% considering Variable and ELM. |
| Futures Leverage | 1x implies real SPAN + Exposure. | 1x implies real SPAN + Exposure. |
| Options Leverage | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy. | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy. |
| Equity CO Leverage | Maximum 10x or 10% considering Variable and ELM, no further leverage for Cover Order. | Maximum 10x or 10% considering Variable and ELM, no further leverage for Cover Order. |
| Futures CO Leverage | 1x implies real SPAN + Disclosure margin, No further Margin for Futures Cover Order. | 1x implies real SPAN + Disclosure margin, No further Margin for Futures Cover Order. |
| Options CO Leverage | 1x implies real SPAN + Disclosure margin(Sell) or Superior Margin(Purchase), No further Margin for Options Cover Order. | 1x implies real SPAN + Disclosure margin(Sell) or Superior Margin(Purchase), No further Margin for Options Cover Order. |
| Commodity Leverage | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy. | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy. |
Comparison on Customer Support:
Better customer support is nowadays a mentionable point to attract customers. Zerodha & Indiabulls Subh is no exception to this. In terms of customer assistance, we have compared Zerodha vs Indiabulls Subh as below:
| Particulars | Zerodha | Indiabulls Ventures |
| 24/7 Customer Service | ✖ | ✖ |
| Email Support | ✔ | ✔ |
| Onine Live Chat | ✖ | ✖ |
| Phone Support | ✔ | ✔ |
| Toll Free Number | ✖ | ✖ |
| Through Branches | ✔ | ✔ |
| Customer Care Number | “+ 91 80 4040 2020” | Info Not Available |
| Account Opening Process | Online/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Center/Education | https://support.zerodha.com/ | Info Not Available |
| Head Office Address | Zerodha Headquarter #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore – 560078 | Info Not Available |
| Website | https://zerodha.com/ | Info Not Available |
Comparison of DEMAT Account Feature:
Comparing Zerodha vs Indiabulls Subh based on the DEMAT account feature we derived the below-mentioned information.
| Zerodha DEMAT Account | Indiabulls Ventures DEMAT Account | |
| DP Source | CDSL | CDSL |
| DP ID | 81600 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹300 pa | Holdings up to ₹50,000 – Nil Holdings between ₹50,001 to ₹2,00,000 – ₹100 |
| Advance Deposit | Nil | Nil |
| Statutory charges | ₹50 | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | 0.02% of transaction value or ₹20 whichever is higher + ₹5.50 (CDSL Charges) |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹5 per certificate (Min ₹50 per request) |
| Remat | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹35 for every hundred securities |
| Pledge Creation | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or ₹35 whichever is higher |
| Pledge Creation Confirmation | Nil | 0.02% of transaction value or ₹35 whichever is higher |
| Pledge Closure | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or ₹35 whichever is higher |
| Pledge Closure Confirmation | Nil | 0.02% of transaction value or ₹35 whichever is higher |
| Pledge Invocation | ₹20 | 0.02% of transaction value or ₹35 whichever is higher |
| Failed Instruction Charges | ₹50 per instruction | Nil |
| Other Charges | Nil | Nil |
Conclusion:
Both Zerodha and Indiabulls Subh are renowned in their segments for various amenities they offer to the customers.
Zerodha is renowned for being remarkable in terms of online assistance and economic charge.
Whereas, Indiabulls Subh is a trusted brand with millions of tech-savvy customers with reasonable charge structure. But choosing of broker should be done keeping in mind the exact & individual needs.
