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Sharekhan Vs Finvasia: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Sharekhan Max 0.1 to 0.5% per trade while the brokerage of Finvasia ranges between Rs 0. Sharekhan is a Full Service Broker where Finvasia is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Sharekhan is 6,71,884 where number of active customer for Finvasia is 1,21,529. Sharekhan is serving more customer compare to Finvasia.

Here we present side-by-side comparison of Sharekhan vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Sharekhan vs Finvasia's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Sharekhan vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Sharekhan vs Finvasia's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Sharekhan vs Finvasia on Service

  Sharekhan Compare
Sharekhan
Finvasia Compare
Finvasia
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 6,71,884 1,21,529
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
Broker Enquiry Request call back from Sharekhan Request call back from Zerodha
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Account Opening Charges and AMC

Compare Sharekhan vs Finvasia on Trading & Demat Account Opening Charges

Comparison of Sharekhan with Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Finvasia
Charges Sharekhan Finvasia
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Finvasia on Plan Options

Plans are the most important feature you look when compare Sharekhan with Finvasia. This section compare on high level about type of plans offered by brokers. Multiple Plans - Sharekhan provide Multiple Plans where Finvasia doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Sharekhan with Finvasia on Plan Options
Plan Types Sharekhan Finvasia
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Sharekhan Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Finvasia on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare Sharekhan with Finvasia
Brokerage Charges Compare Sharekhan Finvasia
Plan Name Sharkehan Brokerage Plan Zero Brokerage Trading Plan
Equity Delivery 0.30% Rs 0
Equity Intraday 0.02% Rs 0
Equity Futures 0.02% Rs 0
Equity Options Rs 20 per lot Rs 0
Currency Futures 0.02% Rs 0
Currency Options Rs 5 per lot Rs 0
Commodity Trading Rs 20 per lot Rs 0
Minimum Brokerage Rs 20 NA
Hidden Charges No No
Funding Yes - 18% interest PA Yes, 24% interest PA
Call & Trade Charges Free Free
Auto Square off Charges Free Free
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Finvasia
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Share Broker's Transaction Charges

Compare Sharekhan vs Finvasia on Transaction Charges

Compare Sharekhan with Finvasia on transaction charges and PCM fee by segment.

Transaction Charges - Compare Sharekhan with Finvasia
Transaction Charges Compare Sharekhan Finvasia
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for finvasia
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Account Features

Compare Sharekhan vs Finvasia on Account Features

Compare Sharekhan with Finvasia on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Finvasia offers Algo Trading where Sharekhan doesn't offers Algo Trading. Margin Funding - Sharekhan offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Sharekhan with Finvasia
Account Features Compare Sharekhan Finvasia
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. No Sharekhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Sharekhan vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Finvasia. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Sharekhan with Finvasia
Trading Platform Compare Sharekhan Finvasia
Desktop Trading Platform TradeTiger OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ https://trade.finvasia.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan SCALPERT
Mobile Trading App Demo Sharekhan Demo SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod SCALPERT Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Sharekhan Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for finvasia

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Broker Ratings by Users

Compare Sharekhan vs Finvasia on User Rating

  Sharekhan Finvasia
  184 Customer Reviews    Rate Sharekhan 17 Customer Reviews    Rate Finvasia
Fees Ratings 3.2 4.3
Trading Brokerage Rating 3.1 4.6
Trading Platform Usability 3.9 4.0
Customer Service Ratings 3.5 3.5
Overall Ratings 3.6 4.2
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
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Investment Offerings

Compare Sharekhan vs Finvasia on Investment Offerings

Compare Sharekhan with Finvasia on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Sharekhan provide PMS Service where Finvasia doesn't offer

Investment Offerings - Compare Sharekhan with Finvasia
Investment Offerings Compare Sharekhan Finvasia
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs Finvasia on Order Types

Order Type - Compare Sharekhan with Finvasia on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Sharekhan offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Sharekhan with Finvasia
Order Type Compare Sharekhan Finvasia
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Sharekhan vs Finvasia on Customer Service

Compare Sharekhan with Finvasia on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Sharekhan with Finvasia
Customer Service Compare Sharekhan Finvasia
24/7 Customer Service Sharekhan vs Finvasia - 24x7 customer support No No
Email Support Sharekhan vs Finvasia - Email Support Yes Yes
Onine Live Chat Sharekhan vs Finvasia - Onine Live Chat Yes Yes
Phone Support Sharekhan vs Finvasia - Phone Support Yes Yes
Toll Free Number Sharekhan vs Finvasia - Toll Free Number Yes No
Through Branches Sharekhan vs Finvasia - Through Branches Yes No
Customer Care Number Sharekhan vs Finvasia - Customer Care Number 1800227500 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process Sharekhan vs Finvasia - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education Sharekhan vs Finvasia - Knowledge Center/Education https://www.sharekhan.com/help/hello https://finvasia.com/announcements
Head Office Address Sharekhan vs Finvasia - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website Sharekhan vs Finvasia - Company Website https://www.sharekhan.com https://www.finvasia.com/
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Tips/Research/Reports Published

Compare Sharekhan vs Finvasia on Research Reports, Tips

Compare Sharekhan with Finvasia on research reports and tips provided by the broker.

Research Reports - Compare Sharekhan with Finvasia
  Sharekhan Finvasia
Research Mutual Funds Sharekhan vs Finvasia - Research Mutual Funds Yes No
Research Equity Reports Sharekhan vs Finvasia - Research Equity Reports Yes No
Research ETF Sharekhan vs Finvasia - Research ETF Yes No
Daily Market Report Sharekhan vs Finvasia - Daily Market Report Yes No
Free Tips Sharekhan vs Finvasia - Free Tips Yes No
Quarterly Result Analysis Sharekhan vs Finvasia - Quarterly Results Yes No
News Alerts Sharekhan vs Finvasia - Yes No
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Demat Account

Compare Sharekhan vs Finvasia on Demat Account

Compare Sharekhan with Finvasia on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for Sharekhan is ₹500 pa. Finvasia is a better choice in terms of Demat AMC compare to Sharekhan.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) where for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Sharekhan with Finvasia
  Sharekhan Finvasia
DP Source CDSL CDSL
DP ID Sharekhan vs Finvasia - DP ID 36000 84300
Demat Account Annual Maintenance Charges(AMC) ₹500 pa Free
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) Rs 0
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹5 per certificate (Min 50 per request) ₹15 per certificate
Remat ₹50 per certificate or ₹50 for every hundred securities ₹15 for every hundred securities + CDSL Charges
Pledge Creation 0.03% (Min ₹100) ₹25 per transaction
Pledge Creation Confirmation Nil NIL
Pledge Closure Nil ₹25 per transaction
Pledge Closure Confirmation Nil NIL
Pledge Invocation Nil ₹19 per transaction
Failed Instruction Charges Nil ₹49
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Finvasia on Special Offers and Promotion

Compare Sharekhan with Finvasia on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs Finvasia on Special Offers and Promotion
  Sharekhan Finvasia
Pay In and Pay Out Options Sharekhan vs Finvasia - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time Sharekhan vs Finvasia - Payout Time Max 24 hrs except bank holidays Up to 24 hrs except for bank holidays.
Bank Supported and Charges Sharekhan vs Finvasia - Bank Supported and Charges Info Not Available Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • Detail Review...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open Sharekhan Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-03-04T07:37:57+00:00