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:
- 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.
SBI CAP Securities:
- Offers Demat and research advisory services
- The brokerage fee is higher compared to other brokers.
- Offers trade in IPO, Mutual Fund & Bonds investment option.
- Trading terminals are offered free of cost.
- 3-in-1 account facility available.
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.
| Particulars | Zerodha | SBICAP Securities |
| 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 | 4.5 out of 5 |
| Customer Service | 4.5 out of 5 | 3.5 out of 5 |
| Broker Type | Discount Broker | Full-Service Broker |
| Exchanges Supported | NSE, BSE, MCX-SX, and MCX | BSE, 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.
| Charges | Zerodha | SBICAP 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 Trading | Free of cost | Free of cost |
| Account Opening Fees- Demat | Free of cost | Free of cost |
| AMC on Demat | INR. 300 PA | INR. 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:
| Plan Types | Zerodha 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.
| Particulars | Zerodha | SBICAP Securities |
| Plan Name | Max Rs 20 per order Trading Plan | EZ-trade Trading Plan (Percentage Based) |
| Equity Delivery | Free | 0.5% or 50 paisa |
| Equity Intraday | 0.01% or Rs 20 whichever is lower | 0.08% or 8 paisa |
| Equity Futures | 0.01% or Rs 20 whichever is lower | 0.05% or 5 paisa |
| Equity Options | Flat Fee Rs 20 | Rs 100 Per Lot |
| Currency Futures | 0.01% or Rs 20 whichever is lower | 0.03% or 3 paisa |
| Currency Options | Flat Fee Rs 20 | Rs 30 Per Lot |
| Commodity Trading | Flat Fee Rs 20 | NA |
| Minimum Brokerage | NIL | Rs 0.05 for Cash, Rs 0.01 Future |
| Hidden Charges | No | Info Not Available |
| Funding | Info Not Available | Yes – 24% interest PA |
| Call & Trade Charges | Rs 20 Per Executable Order | First 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.
| Particulars | Zerodha | SBICAP Securities |
| 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 190 Per Cr |
| Equity Options | Rs 5000 Per Cr | Rs 5000 Per Cr |
| Currency Futures | Rs 135 Per Cr | Rs 110 Per Cr |
| Currency Options | Rs 4400 Per Cr | Rs 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.
| Particulars | Zerodha | SBICAP 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 Service | 3:15 PM | 3:15 PM |
| NRI Trading Service | ✔ | ✔ |
| Other Service | NIL | Trading 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:
| Particulars | Zerodha | SBICAP Securities |
| Desktop Trading Platform | Zerodha PI | SBISMART 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 Kite | SBISMART |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
Comparison on Product:
Comparing Zerodha vs SBI Cap Securities based on their product offering we derived this below information.
| Particulars | Zerodha | SBICAP 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 | NIL | NIL |
Zerodha Vs SBI Leverage:
Considering the Leverage/Margin we here have compared Zerodha vs SBI CAP Securities online as below:
| Particulars | Zerodha 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 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 Leverage in Buy. | 1x implies real SPAN + Disclosure in Sell and Superior Leverage 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 Leverage for Futures Cover Order. | 1x implies real SPAN + Disclosure margin, No further Leverage for Futures Cover Order. |
| Options CO Leverage | 1x 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 Leverage | 1x 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:
| Particulars | Zerodha | SBICAP 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/Paperless | Offline |
| 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 |
Comparison of DEMAT Account Feature:
Comparing Zerodha vs SBI CAP Securities based on the DEMAT account feature we derived the below-mentioned information.
| Particulars | Zerodha | SBICAP Securities |
| DP Source | CDSL | CDSL |
| DP ID | 81600 | 19300 |
| Demat Account Annual Maintenance Charges(AMC) | Rs.300 pa | Rs.500 |
| Advance Deposit | Nil | 0 for all |
| Statutory charges | Rs.50 | Nil |
| Transaction Charges on Debit (Per ISIN) | Rs.8 + Rs.5.50 (CDSL Charges) per transaction | 0.01% of the transaction value (Min Rs.21 and Max Rs.300) |
| Demat | Rs.150 per certificate + Rs.100 courier charges | Rs.5 per certificate + Rs.35 courier charges |
| Remat | Rs.150 per certificate + Rs.100 courier charges + CDSL Charges | Rs.35 per certificate + CDSL Charges |
| Pledge Creation | Rs.20 + Rs.12 CSDL charges | 0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges |
| Pledge Creation Confirmation | Nil | 0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges |
| Pledge Closure | Rs.20 + Rs.12 CSDL charges | 0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges |
| Pledge Closure Confirmation | Nil | 0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges |
| Pledge Invocation | Rs.20 | 0.02% of transaction value or Min Rs.25 whichever is higher + CSDL charges |
| Failed Instruction Charges | Rs.50 per instruction | Rs.10 |
| Other Charges | Nil | Nil |
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
