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Home Stock Market Sharekhan or Zerodha - Stock Brokers Comparison

Sharekhan or Zerodha – Stock Brokers Comparison

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Sharekhan or Zerodha – Sharekhan is among the leading online stockbroker. Sharekhan offers a wide range of financial products and services including stock broking, mutual funds, IPO, Loan against securities, etc. Sharekhan is a Full-service broker. Sharekhan charges 0.03% intraday brokerage. Sharekhan is famous for its robust products and strong customer relationship.

On the other hand, Zerodha is a discount broker. Zerodha is famous for its speed and technology. Zerodha offers stock trading as well as direct mutual fund investment. You need to pay Rs.20 per trade on Zerodha, which is very low compared to other brokers.

If you are planning to open a new trading account or planning to change from an existing stockbroker, this post is for you. In this post, we will compare two top stockbrokers – Sharekhan and Zerodha.

Sharekhan or Zerodha – Stock Brokers Comparison  

Sharekhan – Review

Sharekhan is a Full-service broker. Sharekhan offers stock investment & trading. In addition to stock investment Sharekhan also offers research advisory, portfolio management services, mutual funds, currency trading, IPO investment, and investor education.

 Sharekhan is an old and trusted full-service broker with vast experience. Sharekhan is now acquired by leading finance company BNP Paribas in 2016. For advisory and portfolio management Sharekhan is best. However, you need to pay higher brokerage charges. Key Features of Sharekhan are given below.

Sharekhan Key Features

  • Classic and TradeTiger two types of accounts.
  • Real time portfolio tracking with price alerts and Instant credit transfer.
  • Facility of Free Trading via phone.
  • Single screen interface for cash and derivatives
  • Postpaid and Pre paid plan available
  • Four different trading software options for customers
  • Research Advisory, PMS and Investor education available

Sharekhan Charges

Sharekhan Trading & Brokerage Charges

Category Fees
Equity Delivery Trade 0.50% or 10 Paise per share
Equity Intraday Trade 0.10%
F&O Trades 0.10% on the first leg and 0.10% if squared off on other day
Options Trades 2.5% or Rs.250 per lot on premium
Currency Future 0.10%
Currency Options 2.50% or Rs.30 per lot
Commodity 0.10%

Account Opening Fees & AMC charges 

Sharekhan Trading Platforms 

#1 Sharekhan Website

Sharekhan provides very good web-based trading experience on the website. On login, you will be able to see a single dashboard with detailed analysis and tracking of all your investments. You will find multiple features on the Sharekhan website. One such feature is the Investment cart.

The investment cart allows you to track and buy stocks in the bulk. You will be able to see stock price changes on a real-time basis. The investment cart will also provide an option to view the last two months’ volume cart.

In addition to the Investment cart you will get a goal-based investment tool Neo. Neo is Robo advisor that helps you take an appropriate investment decision. You need to set a goal, plan with Neo, and start investing.

#2 Sharekhan App

Sharekhan App is available for Andriod as well as iPhone users. You can use Sharekhan App for stock trading and mutual fund investment on the move. You will be able to see the latest quotes, stocks, mutual funds, and other financial data and portfolio on this app. You can start, modify, and pause your SIP anytime. This app also offers a facility to create a watchlist for your stocks, mutual funds, future & options, and currency. You can place all types of orders such as selling against the margin, bracket orders etc.  This app also offers Sharekhan classroom training on the app.

#3 TradeTiger

TradeTiger is a desktop trading platform specially designed for the trader. The speed of trading and advance tools for better decision making are positive sides of this trading platform. You can create your own shortcuts and customized screens on this platform for a personalized experience.  You will also get expert recommendations and real-time news on this tool. TradeTiger is a paid tool. Sharekhan charges Rs.10000 for an annual subscription to this tool.

#4 Sharekhan Mini 

Sharekhan Mini is a special app for customers with a low-speed internet connection. Sharekhan Mini can be accessed from mobile phones as well as from the desktop browser. Advanced technology is adopted to increase the speed on this platform. Sharekhan Mini can be used on Andriod, iPhone , Windows phones or on PC. This platform also allows the dark theme to save mobile battery. This platform also offers the facility to create a multiexchange watchlist.

#5 Dial & Trade 

Sharekhan offers free dial and trade service. You can call 022-25752300 /022-25752900 and book the trade. The trade booking under equity and derivative is allowed between 8:30 AM to 5 PM. You can place unlimited orders via this method. This facility also allows you to discuss market trends with the executives. It will help you to make an informed decision.

In short, Sharekhan is one of the best full-service brokers that offer very good services for the customers. Sharekhan is best for experience trader who is ready to pay higher brokerage charges.

Sharekhan pros

  • You will get customized advisory services and products based on your risk profile.
  • Trade with ease with use of different trading platforms online browser based, desktop based and mobile based.
  • Multiple brokerage slabs available as per customer need. For higher trading volume brokerage charge is low.
  • Sharekhan provides facility to learn stock market trading and investment via online platform, classroom training, seminars and workshops.
  • Sharekhan doesn’t charge for Online Funds Transfer from bank account and Funds Pay-out to bank account.
  • Call & Trade Facility available at Sharekhan.
  • In-depth and real time reports available for the analysis.
  • Mutual fund investment and SIP investment is allowed.
  • Robo advisor facility is available

Sharekhan Cons

  • The brokerage cost of Sharekhan is very high.
  • 3-in-one account not available as banking services is not offered by Sharekhan.
  • Classic account holders are not allowed to trade in commodities.
  • Direct Mutual funds investment option is not available.
  • Plans are Expensive

In short, Sharekhan is one of the best full-service brokers that offer very good services for the customers. Sharekhan is best for experience trader who is ready to pay higher brokerage charges.

Zerodha Review

Zerodha is a leading discount stockbroker in India. Zerodha is best for traders looking for low brokerage fees and high-speed transactions. Zerodha Invests in the latest technologies and upgrades trading platforms from time to time.

Zerodha has a large customer base. Zerodha offers free delivery of equity and a flat fee of Rs.20 per order. You can also invest in the direct mutual funds via Zerodha.

Zerodha Key Features 

  • No delivery charges applicable and brokerage charges are very low
  • Speedy Trading platform incorporated with advanced technology
  • Historical data storage with advance charting facility
  • Regional language support available
  • Multiple Trading Platforms
  • Direct Mutual Funds Investment facility available
  • Learning facility available at Zerodha

Zerodha Charges

Zerodha Brokerage Charges

Category Fees
Equity Delivery Zero
Equity Intraday Trading Rs. 20 or 0.03% (whichever is lower)
Equity Options Flat Rs. 20 per executed order
Equity Futures Rs. 20 or 0.03% (whichever is lower)
Currency Options Rs. 20 or 0.03% (whichever is lower)
Commodity F&O Rs. 20 or 0.03% (whichever is lower)

Zerodha Account opening and AMC Charges

  • Zerodha Account opening charges – Rs.200 Trading and Demat Account & Rs.100 for commodity Account
  • AMC Charge – Rs.300 paid quarterly

Zerodha Trading Platforms

#1 Kite

Kite is a unique trading platform by Zerodha. The latest version of Kite is 3.0. I have already done a detailed review of Zerodha Kite in the separate post. A kite can be used on the mobile, tablet as well as browser. You can trade with Kite using a click of a button.

#2 Coin

A coin is a direct mutual fund investment platform by Zerodha. This platform is available on the website as well as a mobile app. You need not pay any commission for buying a mutual fund using this platform.

#3 GoldenPi

GoldenPi is a platform for fixed-income investments. You can invest in bonds, debentures, and corporate fixed deposits using this platform.  This platform makes use of automation and technology to provide real-time updates on incoming interest payments, new investment options, etc. It is just a platform where you can do transactions.

GoldenPi takes care of end to end investment process starting from KYC to processing.

Zerodha Pros

  • Delivery Charges are NIL.
  • Multiple Trading platforms available.
  • The training facility is for the beginner is available.
  • Investment in direct mutual funds allowed.
  • Flat brokerage and easy to understand pricing.
  • Manage all investments on a single platform.
  • Good Customer Support and Quick Resolution.

Zerodha Cons

  • You will not get any advisory facility on this platform.
  • The response of the platform is slow during peak hours.

Sharekhan or Zerodha Comparison

Final Takeaway

From the above comparison it is clear that Zerodha is best online discount trading account. If you are veteran in stock market trading, you should go for Zerodha as stock broker. Zerodha is best for stock market trading.

On the other hand, if you are beginner and your purpose is stock market investment and not trading you can opt for Sharekhan as stock broker. Sharekhan is costly option when it comes to stock trading.

Which one is best as per you Sharekhan or Zerodha?

*Note – All information given above is collected from the stockbroker website as on 7/7/2020. The account opening charges, margin, and other fees, etc can vary from time to time. You are requested to refer to the stockbroker website for the latest information.

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