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Sharekhan Vs IIFL Securities: 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 ranges between 0.1 to 0.5% while the brokerage of IIFL Securities ranges between Rs 20. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Sharekhan is 6,50,277 where number of active customer for IIFL Securities is 4,26,451. Sharekhan is serving more customer compare to IIFL Securities.

Here we present side-by-side comparison of Sharekhan vs IIFL Securities 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 IIFL Securities'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 IIFL Securities 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 IIFL Securities'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 IIFL Securities on Service

  Sharekhan Compare
Sharekhan
IIFL Securities Compare
IIFL Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 6,50,277 4,26,451
Broker Overview Sharekhan is part of the top 10 brokers in India serving 7.5 lakh+ active customers. Powerful Trade Tiger desktop trading terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated ... Know more about Sharekhan IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...Know more about IIFL Securities
Broker Enquiry Request call back from Sharekhan Request call back from IIFL Securities
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Account Opening Charges and AMC

Compare Sharekhan vs IIFL Securities on Trading & Demat Account Opening Charges

Comparison of Sharekhan with IIFL Securities on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account where IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with IIFL Securities
Charges Sharekhan IIFL Securities
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)) Rs 250 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs IIFL Securities on Plan Options

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

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

Account Opening

  Sharekhan IIFL Securities
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs IIFL Securities 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.

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Brokerage Charges - Compare Sharekhan with IIFL Securities
Brokerage Charges Compare Sharekhan IIFL Securities
Plan Name Sharkehan Brokerage Plan IIFL iSERVE Brokerage Plan
Equity Delivery 0.30% Flat Rs 20 per order
Equity Intraday 0.02% Flat Rs 20 per order
Equity Futures 0.02% Flat Rs 20 per order
Equity Options Rs 20 per lot Flat Rs 20 per order
Currency Futures 0.02% Flat Rs 20 per order
Currency Options Rs 5 per lot Flat Rs 20 per order
Commodity Trading Rs 20 per lot Flat Rs 20 per order
Minimum Brokerage Rs 20 NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Free Rs 50 Per Call + GST
Auto Square off Charges Free Rs 50 Per Call + GST
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for IIFL Securities
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Share Broker's Transaction Charges

Compare Sharekhan vs IIFL Securities on Transaction Charges

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

Transaction Charges - Compare Sharekhan with IIFL Securities
Transaction Charges Compare Sharekhan IIFL Securities
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 iifl-securities
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Account Features

Compare Sharekhan vs IIFL Securities on Account Features

Compare Sharekhan with IIFL Securities 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 - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Sharekhan with IIFL Securities
Account Features Compare Sharekhan IIFL Securities
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 No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Sharekhan vs IIFL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and IIFL Securities. 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 IIFL Securities
Trading Platform Compare Sharekhan IIFL Securities
Desktop Trading Platform TradeTiger IIFL Trader terminal
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ https://ttweb.indiainfoline.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan IIFL Markets
Mobile Trading App Demo Sharekhan Demo IIFL Markets Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod IIFL Markets Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan Download iOS IIFL Markets Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for IIFL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for IIFL Securities
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for IIFL Securities
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for iifl-securities

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Broker Ratings by Users

Compare Sharekhan vs IIFL Securities on User Rating

  Sharekhan IIFL Securities
  184 Customer Reviews    Rate Sharekhan 82 Customer Reviews    Rate IIFL Securities
Fees Ratings 3.2 3.1
Trading Brokerage Rating 3.1 2.9
Trading Platform Usability 3.9 3.4
Customer Service Ratings 3.5 2.9
Overall Ratings 3.6 2.8
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews
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Investment Offerings

Compare Sharekhan vs IIFL Securities on Investment Offerings

Compare Sharekhan with IIFL Securities 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

Investment Offerings - Compare Sharekhan with IIFL Securities
Investment Offerings Compare Sharekhan IIFL Securities
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 Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs IIFL Securities on Order Types

Order Type - Compare Sharekhan with IIFL Securities 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) - Sharekhan provide Bracket Orders (BO) where IIFL Securities doesn't offer.With the name its cleare 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 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- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

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

Compare Sharekhan vs IIFL Securities on Customer Service

Compare Sharekhan with IIFL Securities 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 IIFL Securities
Customer Service Compare Sharekhan IIFL Securities
24/7 Customer Service Sharekhan vs IIFL Securities - 24x7 customer support No Yes
Email Support Sharekhan vs IIFL Securities - Email Support Yes Yes
Onine Live Chat Sharekhan vs IIFL Securities - Onine Live Chat Yes Yes
Phone Support Sharekhan vs IIFL Securities - Phone Support Yes Yes
Toll Free Number Sharekhan vs IIFL Securities - Toll Free Number Yes Yes
Through Branches Sharekhan vs IIFL Securities - Through Branches Yes Yes
Customer Care Number Sharekhan vs IIFL Securities - Customer Care Number 1800227500 022-40071000
Account Opening Process Sharekhan vs IIFL Securities - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs IIFL Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs IIFL Securities - Knowledge Center/Education https://www.sharekhan.com/help/hello https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx
Head Office Address Sharekhan vs IIFL Securities - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Website Sharekhan vs IIFL Securities - Company Website https://www.sharekhan.com https://www.indiainfoline.com/
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Tips/Research/Reports Published

Compare Sharekhan vs IIFL Securities on Research Reports, Tips

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

Research Reports - Compare Sharekhan with IIFL Securities
  Sharekhan IIFL Securities
Research Mutual Funds Sharekhan vs IIFL Securities - Research Mutual Funds Yes Yes
Research Equity Reports Sharekhan vs IIFL Securities - Research Equity Reports Yes Yes
Research ETF Sharekhan vs IIFL Securities - Research ETF Yes Yes
Daily Market Report Sharekhan vs IIFL Securities - Daily Market Report Yes Yes
Free Tips Sharekhan vs IIFL Securities - Free Tips Yes Yes
Quarterly Result Analysis Sharekhan vs IIFL Securities - Quarterly Results Yes Yes
News Alerts Sharekhan vs IIFL Securities - Yes Yes
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Demat Account

Compare Sharekhan vs IIFL Securities on Demat Account

Compare Sharekhan with IIFL Securities 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 IIFL Securities is ₹400 pa where for Sharekhan is ₹500 pa.

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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges).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 IIFL Securities
  Sharekhan IIFL Securities
DP Source CDSL CDSL
DP ID Sharekhan vs IIFL Securities - DP ID 36000 44700
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹400 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) Nil
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)
Demat ₹5 per certificate (Min 50 per request) ₹15 per certificate + ₹40 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges
Pledge Creation 0.03% (Min ₹100) ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil Nil
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil Nil
Failed Instruction Charges Nil Nil
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 IIFL Securities on Special Offers and Promotion

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

Compare Sharekhan vs IIFL Securities on Special Offers and Promotion
  Sharekhan IIFL Securities
Pay In and Pay Out Options Sharekhan vs IIFL Securities - 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/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Sharekhan vs IIFL Securities - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.
Bank Supported and Charges Sharekhan vs IIFL Securities - Bank Supported and Charges Info Not Available Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
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...

  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

Detail Review...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Direct mutual fund schemes are unavailable on the InstaMF platform.
  • Its fee structure is not transparent.

Detail Review...

  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

Detail Review...

Special Offers/Promo
Enquiry Open Sharekhan Account Now>> Open IIFL Securities Account Now>>

Last Updated on 2024-02-20T23:40:38+00:00