Zerodha Vs Sharekhan
Both Zerodha and Sharekhan 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 Sharekhan 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.
Conversely, full-Service broker Sharekhan is established in 2000 & now they are covering 575 cities of India with their 2800 branches.
It comes under the best classified Financial institutions having association in NSE, BSE, MCX & NCDEX.
- 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.
- Facilities provided- free call & trade, Marginal funding, online trading platform.
- Market research information report to customers.
- All range of trading & wealth management products available.
- A minimum Brokerage is enforced.
- Don’t offer a 3-in-1 account facility.
Comparison of Overall Company Details:
Comparing Zerodha vs Sharekhan 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.
|Broker Category||Discount Broker||Full-Service Broker|
|Based on||Bangalore, India||Mumbai, India|
|Established by||Nithin Kamath||Jaideep Arora|
Comparison on Customer Ratings:
Comparing Zerodha vs Sharekhan based on Customer Ratings we get this information.
Here we can see that regarding experience & research work, Sharekhan is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.
|On Experience||5.7 out of 10||7.5 out of 10|
|On Products & Services||8.5 out of 10||7.0 out of 10|
|On Brokerage Charges & Fees||9.5 out of 10||6.5 out of 10|
|On Stock Research & Advisory||4.0 out of 10||7.0 out of 10|
|On Trading Platforms||9.0 out of 10||7.5 out of 10|
|On Overall Ratings||7.4 out of 10||7.1 out of 10|
|On Star Ratings||★★★★★||★★★★☆|
Zerodha Vs Sharekhan AOC & AMC:
Here we have compared Zerodha vs Sharekhan based on account opening charge & account maintenance charge.
Here we can see from the below contrast that both Zerodha and Sharekhan provide free AMC on trading accounts and unconditional margin money. Additionally, Sharekhan provides a free trading account opening.
|DP Source||CDSL||NSDL & CDSL|
|Account Opening Fee||Rs.300||Zero|
|AMC on Demat||Rs.300 per Annum||Free or Rs.300 per Annum|
|AMC on Trading||Free||Free|
|Margin Money criteria||Zero||Zero|
|Offline to Online||No||Yes|
Zerodha Vs Sharekhan Brokerage Charge:
Contrasting Zerodha vs Sharekhan based on Brokerage Charge we get the below details. Here we can see that Sharekhan offers a percentage based brokerage charge structure. While Zerodha has a very economical flat fee-based brokerage charge. Sharekhan charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.
|Brokerage Charge & Fees||Zerodha Brokerage||Sharekhan Brokerage|
|Equity Delivery Trading||Zero||0.50%|
|Equity Intraday Trading||Rs.20||0.10%|
|Commodity Options Trading||Rs.20||0.10%|
|Equity Futures Trading||Rs.20||0.10%|
|Equity Options Trading||Rs.20 per Lot||Rs.100 per Lot or 2.5% on Premium (Takes higher Amount)|
|Currency Futures Trading||Rs.20||0.10%|
|Currency Options Trading||Rs.20 per Lot||Rs.30 per Lot or 2.5% on Premium (Takes higher Amount)|
|Demat AMC Charges||Rs.300 per Annum||Free or Rs.300 per Annum|
|Trading AMC Charges||Free||Free|
Comparison on Administrative Charge:
In terms of Administrative transactional charge, we here compared Zerodha vs Sharekhan as below.
We can see that both the broker share a similar charge structure excluding transaction charge criteria. In terms of transaction charges, Sharekhan is more economical than Zerodha.
|Transaction Charges||0.00325% of Total Turnover||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Contrasting Zerodha vs Sharekhan we get the below comparison on offers. We here can see that in terms of offers Sharekhan is a step ahead of Zerodha for offering more offers.
|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:
Comparing Zerodha vs Sharekhan based on their service offering we derived the below comparison. These different services can always influence your trading revenue and experience.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 32x|
Comparison on Research & Advisory:
Contrasting Zerodha vs Sharekhan based on their research & advisory offering we received the below comparison. Here we can see in the below table that Sharekhan offers a lot more advisory support, where Zerodha doesn’t provide any.
|Research & Advisory||Zerodha||Sharekhan|
|On Fundamental Reports||✖||✔|
|On Research Reports||✖||✔|
|On Company Reports||✖||✔|
|On Annual Reports||✖||✔|
|On Company Stock Review||✖||✔|
|On Free Stock Tips||✖||✔|
|On IPO Reports||✖||✖|
|On Top Picks||✖||✔|
|On Daily Market Review||✖||✖|
|On Monthly Reports||✖||✔|
|On Weekly Reports||✖||✔|
|On Offline Advisory||✖||✔|
|On Relationship Manager||✖||✔|
Zerodha Vs Sharekhan Margin:
Considering Zerodha vs Sharekhan based on product-wise leverage we get the below details. Almost all the margin charges are different in these companies or broking organizations.
|Exposure / Leverage||Zerodha Margin||Sharekhan Margin|
|Equity Delivery||Maximum 20x||Maximum 15x|
|Equity Intraday||Maximum 28x||Maximum 32x|
|Equity Futures||Maximum 15x||Maximum 15x|
|Equity Options||Maximum 8x||Maximum 10x|
|Currency Futures||Maximum 12x||Maximum 8x|
|Currency Options||Maximum 8x||Maximum 10x|
|Commodities||Maximum 17x||Maximum 10x|
Comparison on Products:
Comparing Zerodha vs Sharekhan based on their product offering we derived the below comparison. We can see in this below comparison that Sharekhan offered to trade in Mutual finds & SIP which Zerodha doesn’t.
Zerodha Vs Sharekhan Trading Platforms:
Because of the trading terminal offering of Zerodha vs Sharekhan, we compared them as 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:
Comparing customer assistance, we here have compared Zerodha vs Sharekhan as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Sharekhan doesn’t facilitate 24×7 support.
|Support Number||080-40402020||1800 22 7500|
|Toll-Free Number||✖||1800 22 7500|
Comparison on Grievances:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Zerodha vs Sharekhan based on their customer complaint handling in the below table.
|Complaints (Current Year)||Zerodha||Sharekhan|
|Registered in BSE||120||198|
|Resolute in BSE||117||184|
|Registered in NSE||89||218|
|Resolute in NSE||85||217|
Finally, we can conclude that Sharekhan (full-service broker) has a huge offering for its customers. But Zerodha (discount broker) offers lower charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Zerodha vs Sharekhan as per his need only