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Zerodha Vs Sharekhan Comparison – Which is Better?

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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.

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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Sharekhan:

  1. Facilities provided- free call & trade, Marginal funding, online trading platform.
  2. Market research information report to customers.
  3. All range of trading & wealth management products available.
  4. A minimum Brokerage is enforced.
  5. Don’t offer a 3-in-1 account facility.
Zerodha Vs Sharekhan Comparison

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.

Overview Zerodha Sharekhan
Organization Type Private Private
Broker Category Discount Broker Full-Service Broker
Based on Bangalore, India Mumbai, India
Established by Nithin Kamath Jaideep Arora
Foundation Year 2010 2000

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.

Customer Ratings Zerodha Sharekhan
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.

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Demat Services Zerodha Sharekhan
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 & FeesZerodha Brokerage Sharekhan Brokerage
Equity Delivery TradingZero0.50%
Equity Intraday TradingRs.200.10%
Commodity Options TradingRs.200.10%
Equity Futures TradingRs.200.10%
Equity Options TradingRs.20 per LotRs.100 per Lot or 2.5% on Premium (Takes higher Amount)
Currency Futures TradingRs.200.10%
Currency Options TradingRs.20 per LotRs.30 per Lot or 2.5% on Premium (Takes higher Amount)
Minimum BrokerageZeroRs.20
Demat AMC ChargesRs.300 per AnnumFree or Rs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyZeroZero

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.

Other ChargesZerodhaSharekhan
Transaction Charges0.00325% of Total Turnover0.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare Offers:

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.

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Offers Zerodha Sharekhan
Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
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.

Services Zerodha Sharekhan
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
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.

Products Zerodha Sharekhan
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Zerodha Vs Sharekhan Trading Platforms:

Because of the trading terminal offering of Zerodha vs  Sharekhan, we compared them as below. 

Trading Platforms Zerodha Sharekhan
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
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

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.

Customer Support Zerodha Sharekhan
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number 080-40402020 1800 22 7500
Email Support
Chat Support
Toll-Free Number 1800 22 7500
Branches Zero 126
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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
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Conclusion:

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

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