Zerodha vs Sharekhan — Best Points Sharekhan vs Zerodha 2021
Sharekhan is a Full Service Broker that was founded in 2000. It trades on the BSE, NSE, and MCX. It has 2800 locations throughout India. Zerodha is a discount broker that was founded in 2010. It trades on the NSE, BSE, MCX, and NCDEX. It has 22 locations in India.
Zerodha vs Sharekhan
Before talking about Zerodha vs Sharekhan, Let’s Talk about What is Shrekhan & Zerodha:
Shrekhan
Sharekhan is India’s third largest stock broker, having been founded in February 2000. (after ICICI Direct and HDFC Securities).
Sharekhan offers trading platform via its online trading platform Sharekhan.com and 1800 offices in over 550 locations across India, including branches and franchisees.
Sharekhan has grown tremendously over the last ten years, thanks to its highly popular online trading system and a network of franchisees in nearly every area of India. Sharekhan also has a global presence.
Zerodha
India’s №1 brokerage is Zerodha. It is the world’s biggest and most famous online discount trading firm including solutions in equity, currency, commodities, initial public offerings, and direct mutual funds.
For stock delivery transactions and direct mutual funds, Zerodha charges no brokerage. It charges a flat Rs 20 or 0.03 percent (whichever is lesser) each intraday and F&O trade.
The highest fee you pay with Zerodha for any trade is Rs 20 for each order (of any size, amount or section).
Difference Between Sharekhan and Zerodha
- The cost of creating a Sharekhan brokerage account is Rs 0 (free), but the cost of registering a Zerodha brokerage account is Rs 250. AMC fees for Sharekhan Demat Accounts are Rs 400 (free for the first year) and Rs 300 for Zerodha Demat Accounts.
- Sharekhan costs 0.50 percent for equities and 0.10 percent for intraday, while Zerodha costs Rs 0 (Free) for equity and Rs 20 per completed order or.03 percent whichever is lesser for intraday.
- Sharekhan fees NSE Rs 5000 per crore (0.05 percent) | BSE Rs 50 per crore (0.0005 percent) (on premium) for options transactions, whereas Zerodha charges NSE Rs 5300 per crore (0.053 percent) for options transactions (on premium).
Originally published at https://profitmust.com on July 6, 2021.
