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Zerodha Vs SBI CAP Securities – Comparison

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Zerodha Vs SBI CAP Securities

Both Zerodha and SBI CAP Securities offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively.

It will lead him to a better decision making ability. Here we have compared Zerodha vs SBI CAP Securities to highlight the areas where the investor needs to know & analyze more. 

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.

On the other side, SBI CAP securities are the stock-broking retail business wing of Edelweiss Group carried under Edelweiss Broking Ltd. Combined in 1995, Edelweiss has more than 4700 sub-brokers and currently covering 680 cities.  

Notable Points: 

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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SBI CAP Securities:

  1. Offers Demat and research advisory services 
  2. The brokerage fee is higher compared to other brokers. 
  3. Offers trade in IPO, Mutual Fund & Bonds investment option. 
  4. Trading terminals are offered free of cost.
  5. 3-in-1 account facility available. 
Zerodha Vs SBI CAP Securities Comparison

Comparison on Overall Customer Review: 

Comparing Zerodha vs SBI CAP Securities based on overall customer service we derived the below-mentioned details.

Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

 ParticularsZerodhaSBICAP Securities
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 54.5 out of 5
Customer Service4.5 out of 53.5 out of 5
Broker Type Discount BrokerFull-Service Broker
Exchanges Supported NSE, BSE, MCX-SX, and MCXBSE, NSE

Zerodha Vs SBI AOC & AMC:

Comparing Zerodha vs SBI CAP Securities based on AOC & AMC we get the below information. Both the broker offers trading AMC & DEMAT account opening fee-free. 

ChargesZerodhaSBICAP Securities
Account Opening Fees- Trading Online INR. 200 (T+D),
INR.  300 (T+D+C). Offline INR. 400 (T+D),
INR. 600 (T+D+C). T*Trading, D*Demat, C*Commodity
INR. 850
AMC of TradingFree of costFree of cost
Account Opening Fees- Demat Free of costFree of cost
AMC on DematINR. 300 PAINR. 350 PA
DP Service 

Zerodha Vs SBI Brokerage Plan: 

Both Zerodha & SBI CAP Securities don’t offer any brokerage plan to the customer. Details of brokerage plans are mentioned here below: 

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Plan TypesZerodha Brokerage SBICAP Securities Brokerage
Multiple Plans 
Monthly Plans 
Yearly Plans 

Zerodha Vs SBI Brokerage Charge: 

Comparing Zerodha vs SBI CAP Securities based on brokerage fee offering we get the below-mentioned information.

We can see in the below table that Zerodha offers a flat fee-based trading plan, whereas SBI CAP Securities offer percentage-based brokerage. Also, both the broker doesn’t have any minimum brokerage charge available. 

ParticularsZerodhaSBICAP Securities
Plan Name Max Rs 20 per order Trading PlanEZ-trade Trading Plan (Percentage Based)
Equity Delivery Free0.5% or 50 paisa
Equity Intraday 0.01% or Rs 20 whichever is lower0.08% or 8 paisa
Equity Futures 0.01% or Rs 20 whichever is lower0.05% or 5 paisa
Equity Options Flat Fee Rs 20Rs 100 Per Lot
Currency Futures 0.01% or Rs 20 whichever is lower0.03% or 3 paisa
Currency Options Flat Fee Rs 20Rs 30 Per Lot
Commodity Trading Flat Fee Rs 20NA
Minimum Brokerage NILRs 0.05 for Cash, Rs 0.01 Future
Hidden Charges NoInfo Not Available
Funding Info Not AvailableYes – 24% interest PA
Call & Trade Charges Rs 20 Per Executable OrderFirst 30 call free per month after that Rs 10 per call – Max 3 scripts can be traded per call.

Comparison on Transaction Charge:

Contrasting Zerodha vs SBI CAP Securities based on transaction charge we derived the below details.

Here we can see that the transaction charge for Zerodha & SBI Cap Securities is similar in the maximum aspect. Only in respect of Currency future and currency options, the charge of Zerodha is more than SBI CAP Securities. 

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ParticularsZerodhaSBICAP Securities
Equity Delivery Rs 325 Per CrRs 325 Per Cr
Equity Intraday Rs 325 Per CrRs 325 Per Cr
Equity Futures Rs 190 Per CrRs 190 Per Cr
Equity Options Rs 5000 Per CrRs 5000 Per Cr
Currency Futures Rs 135 Per CrRs 110 Per Cr
Currency Options Rs 4400 Per CrRs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr 
Agri: Rs 275 Per Cr
NA

Comparison on Account Feature:

Assessing Zerodha vs SBI CAP Securities based on account feature we derived the below-mentioned table. 

ParticularsZerodhaSBICAP Securities
3 in 1 Account Service
Charting Service
Algo Trading Service
SMS Alerts Service
Online Demo Service
Online Portfolio Service
Margin Trading Funding Service
Combined Ledger for Equity
and Commodity Service
Intraday Square-off Time Service3:15 PM3:15 PM
NRI Trading Service
Other ServiceNILTrading software terminal:
ODIN Diet

Zerodha Vs SBI 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 SBI Cap Securities based on their trading terminal offering: 

ParticularsZerodhaSBICAP Securities
Desktop Trading Platform Zerodha PISBISMART XPRESS –
NextTrader
Desktop Platform (Windows) 
Desktop Platform (Mac) 
Web Trading Platform 
Web Trading Detail https://kite.zerodha.com/https://login1.sbismart.com/nidp/app/login
Mobile Site 
Mobile Trading 
Mobile Trading App Zerodha KiteSBISMART
Android Mobile App 
iPhone Mobile App (IOS) 
Android Tablet App 
iPad App (IOS) 
Trading Software Charges FreeFree

Comparison on Product: 

Comparing Zerodha vs SBI Cap Securities based on their product offering we derived this below information. 

ParticularsZerodhaSBICAP Securities
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 NILNIL

Zerodha Vs SBI Leverage: 

Considering the Leverage/Margin we here have compared Zerodha vs SBI CAP Securities online as below:

ParticularsZerodha Margin SBICAP Securities Margin
Equity Delivery Leverage No Delivery Leverage.No Leverage on Equity Delivery, T+5 day trading option, Interest will be charged after T+2.
Equity Intraday LeverageMaximum 10x or 10% considering Variable and ELM.Maximum 10x or 10% considering Variable and ELM.
Futures Leverage1x implies real SPAN + Exposure.1x implies real SPAN + Exposure.
Options Leverage1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.
Equity CO LeverageMaximum 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 Leverage for Futures Cover Order.1x implies real SPAN + Disclosure margin, No further Leverage for Futures Cover Order.
Options CO Leverage1x implies real SPAN + Disclosure Leverage (Sell) or Superior Leverage (Purchase), No further Leverage for Options Cover Order.1x implies real SPAN + Disclosure Leverage (Sell) or Superior Leverage (Purchase), No further Leverage for Options Cover Order.
Commodity Leverage1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.

Comparison on Customer Support: 

Better customer support is nowadays a mentionable point to attract customers. Zerodha & SBI Cap Securities is no exception to this. In terms of customer assistance, we have compared Zerodha vs SBI CAP Securities as below: 

ParticularsZerodhaSBICAP Securities
24/7 Customer Service 
Email Support 
Onine Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number “+ 91 80 4040 2020”1800-209-9345/
1800-22-3345
Account Opening Process Online/PaperlessOffline
Customer Support Email [email protected][email protected]
Knowledge Center/Education https://support.zerodha.com/https://www.sbismart.com/education
Head Office Address Zerodha Headquarter
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI – 400013
Website https://zerodha.com/https://www.sbismart.com
open sbi cap demat account

Comparison of DEMAT Account Feature: 

Comparing Zerodha vs SBI CAP Securities based on the DEMAT account feature we derived the below-mentioned information. 

Particulars ZerodhaSBICAP Securities
DP Source CDSLCDSL
DP ID 8160019300
Demat Account Annual Maintenance Charges(AMC) Rs.300 paRs.500
Advance Deposit Nil0 for all
Statutory charges Rs.50Nil
Transaction Charges on Debit (Per ISIN) Rs.8 + Rs.5.50 (CDSL Charges) per transaction0.01% of the transaction value (Min Rs.21 and Max Rs.300)
Demat Rs.150 per certificate + Rs.100 courier chargesRs.5 per certificate + Rs.35 courier charges
Remat Rs.150 per certificate + Rs.100 courier charges + CDSL ChargesRs.35 per certificate + CDSL Charges
Pledge Creation Rs.20 + Rs.12 CSDL charges0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges
Pledge Creation Confirmation Nil0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges
Pledge Closure Rs.20 + Rs.12 CSDL charges0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges
Pledge Closure Confirmation Nil0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges
Pledge Invocation Rs.200.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges
Failed Instruction Charges Rs.50 per instructionRs.10
Other Charges NilNil
open zerodha demat account

Conclusion: 

Both Zerodha and SBI Cap Securities 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, SBI CAP Securities 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

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