Sharekhan or Zerodha: Which is Better for the Advanced Trader?
Sharekhan or Zerodha: Which is Better for the Advanced Trader?
Here is a comparison between Sharekhan and Zerodha for 360-degree view of which broker to go ahead with. Zerodha is leading discount broker in India is one of the prominent names in stock trading business today.
Whereas, Sharekhan has built a brand reputation since its existence in 2000.
Amongst these two stock market giants, which broker should you go for if you are novice trader?
Sharekhan Trade Tiger
Sharekhan is a renowned name in Indian share trading circuit. Throughout the years it has brought innovations in the share trading Industry.
Trade Tiger is a high-speed online trading platform. It has several unique features like market quotes streamed at the micro-seconds level, opportunities to buy and sell.
It has advanced features such as O-alert, chart-book, Heat – Map, trade from charts and many more. Sharekhan was later acquired by BNP Paribas in 2016.
Zerodha
Zerodha is a reliable stockbroker. It has been in business since 2010 and has over 15 lakh active clients located across India.
The company is registered with SEBI, CDSL, and major stock exchanges in India. It has a low operation cost as it offers online trading facilities only.
1+ Crore Zerodha clients contribute to over 15% of all retail order volumes in India daily by trading and investing in: Futures and Options.
Zerodha VS Sharekhan:
Let’s dive into the comparison between Zerodha & Sharekhan.
| Zerodha | Sharekhan | |
| Incorporated in the year | 2010 | 2000 |
| Number Of branches in India | 70 | 1950 |
| Exchanges | BSE, NSE, MCX, MCX-SX | BSE, NSE, MCX, NCDEX, NSEL |
Account Charges
To Open an account on this platform it is essential to pay account opening charges.
| Account Charges | ||
| Trading Account Opening Charges | Rs 200 (Rs 300 if the investor wants account opening forms couriered | Rs 750 |
| Trading Account Annual Maintenance Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 100 | Rs 0 |
| Demat Account Annual Maintenance Charges | Rs 300 | Rs 450 |
Brokerage
Brokerage firms act as a liaison between their clients and the stock exchange. Their primary function is to buy and sell financial products, including stocks, on behalf of their clients.
| Brokerage | ||
| Equity Delivery | Rs 0 | 0.5% |
| Equity Intraday | 0.01% or Rs 20 per trade whichever is lower. | 0.1% |
| Equity Futures | 0.01% or Rs 20 per trade whichever is lower | 0.1% |
| Equity Options | 0.01 % or Rs 20 per trade whichever is lower | Rs 100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | 0.01% or Rs 20 per trade whichever is lower | 0.1% |
| Currency options | 0.01% or Rs 20 per trade whichever is lower | Rs 100 or 2.5% on premium (whichever is higher of the two) |
| Commodity* | 0.01% or Rs 20 per trade whichever is lower | 0.1% |
Transaction Charges
| Transaction Charges | ||
| Equity Delivery | 0.0325% | 0.1% (Both Sides) |
| Intraday Delivery | 0.0325% | 0.25% |
| Equity Futures | 0.0210% | 0.0170% |
| Equity Options | 0.53% | 0.0170% |
| Currency Futures | 0.0135% | 0.0170% |
| Currency Options | 0.44% | 0.0170% |
| Commodity | 0.0027% | 0.25% |
Exposure or Leverage
Financial leverage is the strategic endeavour of borrowing money to invest in assets.
| Exposure or Leverage | ||
| Equity | Upto 5 times For Intraday | Upto 10 times for Intraday or 5 times for delivery |
| Equity futures | Upto 5 times or 20 times for intraday | Upto 2 times for Intraday |
| Margin | Zerodha Margin | – |
Research
| Daily Market Reports | ✘ | ✓ |
| Tips/Recommendations | ✘ | ✓ |
| Quarterly Analysis | ✘ | ✓ |
| News Alerts | ✘ | ✓ |
| Trade Reports | ✓ | ✓ |
| P & L Reports | ✓ | ✓ |
| Contract Notes | ✓ | ✓ |
| Trading Segments | ||
| Equity | ✓ | ✓ |
| Mutual Funds* | ✘ | ✓ |
| IPOs* | ✓ | ✓ |
| Currency | ✘ | ✓ |
| Commodity | ✓ | ✓ |
Features
| Mobile Trading | ✓ | ✓ |
| Order Accepted After Trading Hours | ✓ | ✓ |
| Charting | ✓ | ✓ |
| SMS Alerts | ✘ | ✓ |
| Brokerage Calculator | ✓ | ✓ |
| Margin Calculator | ✓ | ✓ |
| Customer Training & Education | ✓ | ✓ |
| Instant Fund Withdrawal | ✓ | ✓ |
| Robo Advisory | ✘ | ✓ |
| Market Tips | ✘ | ✓ |
| Automated Trading | ✓ | ✘ |
| Market Tips | ✘ | ✓ |
| Margin Funding | ✘ | ✓ |
| Relationship Manager | ✘ | ✓ |
| 3 in 1 Account | ✘ | ✘ |
| Trading Platforms | Zerodha Pi, Zerodha Kite, Zerodha Mobile App, Nest Trader | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
| Complaint Percentage Of Active Clients | 0.01% | 0.01% |
| Overall Rating | 4/5 | 4/5 |
GLOSSARY
Trading Account
A trading account is an interface that allows buying and selling of shares.It acts as an interface between the investors’ bank and Demat accounts.
Demat Account
Demat Account is an account that is used to hold shares and securities in electronic format. The full form of Demat account is a dematerialised account
Mutual Fund
A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
Equity
Equity is the amount of money that a company’s owner has put into it or owns.
Commodity
A commodity is an economic good, usually a resource, that has full or substantial fungibility.
IPOs
An initial public offering (IPO) is when a private company becomes public by selling its shares on a stock exchange.
FAQS
Q.) Is Zerodha good for beginners?
Answer : Yes, Zerodha is suitable for beginners.
Q.) What are disadvantages of Zerodha?
Answer : It has few cons like slow account opening process, only Indian market is covered, no investor protection.
Q.) Is Sharekhan a good broker?
Answer : Sharekhan is one of the first brokers in India.
Q.) Which is safest broker in India?
Answer : Zerodha is the safest stock broker in India.
Q.) Is sharekhan free?
Answer : Sharekhan Prepaid plans are available from Rs 750 to Rs 2 lakh yearly subscription fees with a validity of 6 months to 1 year.
This was the comparison between Zerodha and Sharekhan stock brokers. We hope that you found this article useful. Stay tuned for new articles and latest updates.
