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Zerodha Vs Indiabulls Subh – Compare Best Discount & Full Service Broker

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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: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
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India Bulls (Subh): 

  1. No brokerage fee for trading in Equity, F&O, and Currency.
  2. Fixed charges are present monthly.
  3. It offers a transparent tariff plan. A hidden charge is not there.
  4. Interest-free Marginal trading service.
  5. You can opt for account opening in a paperless way.  
Zerodha Vs Indiabulls Subh
Zerodha Vs Indiabulls Subh

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. 

 ParticularsZerodhaIndiabulls Ventures
Overall Rating4.5 out of 54 out of 5
Brokerage Charges4.5 out of 53 out of 5
Trading Platform4.5 out of 54.5 out of 5
Investments Offering4 out of 55 out of 5
Customer Service4.5 out of 53.5 out of 5
Broker Type Discount BrokerDiscount Broker
Exchanges Supported NSE, BSE, MCX-SX, and MCXBSE, 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.

ChargesZerodhaIndiabulls Ventures
Trading Account Opening FeesOnline 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 AMCFreeFree
Demat Account Opening FeesFreeFree
Demat AMCRs 300 PARs 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: 

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Plan TypesZerodha 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. 

ParticularsZerodhaIndiabulls Ventures
Plan NameMax Rs 20 per order Trading PlanUnlimited trading plan
Equity DeliveryFreeRs 1000
Equity Intraday0.01% or Rs 20 whichever is lowerInclude in Delivery
Equity Futures0.01% or Rs 20 whichever is lowerRs 1000
Equity OptionsFlat Fee Rs 20Include in Derivatives
Currency Futures0.01% or Rs 20 whichever is lowerInclude in Derivatives
Currency OptionsFlat Fee Rs 20Include in Derivatives
Commodity TradingFlat Fee Rs 20NA
Minimum BrokerageNILNIL
Hidden ChargesNoInfo Not Available
FundingInfo Not AvailableInfo Not Available
Call & Trade ChargesRs 20 Per Executable OrderRs 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. 

ParticularsZerodhaIndiabulls Ventures
Equity DeliveryRs 325 Per CrRs 325 Per Cr
Equity IntradayRs 325 Per CrRs 325 Per Cr
Equity FuturesRs 190 Per CrRs 250 Per Cr
Equity OptionsRs 5000 Per CrRs 5500 Per Cr
Currency FuturesRs 135 Per CrRs 120 Per Cr
Currency OptionsRs 4400 Per CrRs 4500 Per Cr
CommodityNon-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. 

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ParticularsZerodhaIndiabulls 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 Services3:15 PM3:15 PM
NRI Trading Services
Other ServicesNILMobile 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: 

ParticularsZerodhaIndiabulls Ventures
Desktop Trading PlatformZerodha PIPower Indiabulls
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailhttps://kite.zerodha.com/https://shubhtrade.indiabulls.com
Mobile Site
Mobile Trading
Mobile Trading AppZerodha KiteIndiabulls Shubh
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeInfo Not Available

Comparison on Product: 

Comparing Zerodha and Indiabulls Subh based on their product offering we derived this below information. 

ParticularsZerodhaIndiabulls 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 OptionsNILNIL

Zerodha Vs Indiabulls Margin/ Exposure/ Leverage 

Considering the Leverage/Margin we here have compared Zerodha & Indiabulls Subh as below: 

ParticularsZerodha 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: 

ParticularsZerodhaIndiabulls 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/PaperlessInfo 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
Open Demat Account with Indiabulls Shubh
Zerodha vs Indiabulls – Open Demat Account with Indiabulls Shubh

Comparison of DEMAT Account Feature: 

Comparing Zerodha vs Indiabulls Subh based on the DEMAT account feature we derived the below-mentioned information. 

 Zerodha DEMAT AccountIndiabulls Ventures
DEMAT Account
DP SourceCDSLCDSL
DP ID 81600No
Demat Account Annual Maintenance Charges(AMC)₹300 paHoldings up to ₹50,000 – Nil
Holdings between ₹50,001 to ₹2,00,000 – ₹100
Advance DepositNilNil
Statutory charges₹50Nil
Transaction Charges on Debit (Per ISIN)₹8 + ₹5.50 (CDSL Charges) per transaction0.02% 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 charges0.02% of transaction value or ₹35 whichever is higher
Pledge Creation ConfirmationNil0.02% of transaction value or ₹35 whichever is higher
Pledge Closure₹20 + ₹12 CSDL charges0.02% of transaction value or ₹35 whichever is higher
Pledge Closure ConfirmationNil0.02% of transaction value or ₹35 whichever is higher
Pledge Invocation₹200.02% of transaction value or ₹35 whichever is higher
Failed Instruction Charges₹50 per instructionNil
Other ChargesNilNil

Zerodha Call Back Request

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.

open zerodha demat account
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