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Sharekhan Vs Indira 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 Indira Securities ranges between 0.01% to 0.10%. 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 6,71,884 where number of active customer for Indira Securities is 8,801. Sharekhan is serving more customer compare to Indira Securities.

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

  Sharekhan Compare
Sharekhan
Indira Securities Compare
Indira 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 NSE, BSE, MCX
Active Clients 6,71,884 8,801
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 Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira Securities
Broker Enquiry Request call back from Sharekhan Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Sharekhan with Indira 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 Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Indira Securities
Charges Sharekhan Indira 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 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Indira Securities on Plan Options

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

Compare Sharekhan with Indira Securities on Plan Options
Plan Types Sharekhan Indira Securities
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 Indira 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.

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare Sharekhan with Indira Securities
Brokerage Charges Compare Sharekhan Indira Securities
Plan Name Sharkehan Brokerage Plan Traditional Brokerage Plan
Equity Delivery 0.30% 0.10%
Equity Intraday 0.02% 0.01%
Equity Futures 0.02% 0.01%
Equity Options Rs 20 per lot Rs. 25 per lot (both side)
Currency Futures 0.02% Flat Fee Rs 20
Currency Options Rs 5 per lot Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading Rs 20 per lot Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage Rs 20 NA
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Free Free
Auto Square off Charges Free Free
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Indira Securities
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Share Broker's Transaction Charges

Compare Sharekhan vs Indira Securities on Transaction Charges

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

Transaction Charges - Compare Sharekhan with Indira Securities
Transaction Charges Compare Sharekhan Indira 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| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for indira-securities
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Account Features

Compare Sharekhan vs Indira Securities on Account Features

Compare Sharekhan with Indira 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 - Indira Securities offers Algo Trading where Sharekhan 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 Indira Securities
Account Features Compare Sharekhan Indira 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 Yes
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 No
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 Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Indira 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 Indira Securities
Trading Platform Compare Sharekhan Indira Securities
Desktop Trading Platform TradeTiger ODIN Diet
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://www.indiratrade.com/trade-online
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan TradeInsta
Mobile Trading App Demo Sharekhan Demo TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod TradeInsta Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan Download iOS TradeInsta 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 Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare Sharekhan vs Indira Securities on User Rating

  Sharekhan Indira Securities
  184 Customer Reviews    Rate Sharekhan 1 Customer Reviews    Rate Indira Securities
Fees Ratings 3.2 2.0
Trading Brokerage Rating 3.1 4.0
Trading Platform Usability 3.9 2.0
Customer Service Ratings 3.5 2.0
Overall Ratings 3.6 3.0
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Sharekhan vs Indira Securities on Investment Offerings

Compare Sharekhan with Indira 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) - Sharekhan provide PMS Service where Indira Securities doesn't offer

Investment Offerings - Compare Sharekhan with Indira Securities
Investment Offerings Compare Sharekhan Indira 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 No
ETF Yes Yes
Banking No No
Insurance Yes Yes
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 Indira Securities on Order Types

Order Type - Compare Sharekhan with Indira 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) - 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- 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 Indira Securities
Order Type Compare Sharekhan Indira Securities
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 Yes
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Customer Service Offered

Compare Sharekhan vs Indira Securities on Customer Service

Compare Sharekhan with Indira 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 Indira Securities
Customer Service Compare Sharekhan Indira Securities
24/7 Customer Service Sharekhan vs Indira Securities - 24x7 customer support No Yes
Email Support Sharekhan vs Indira Securities - Email Support Yes Yes
Onine Live Chat Sharekhan vs Indira Securities - Onine Live Chat Yes Yes
Phone Support Sharekhan vs Indira Securities - Phone Support Yes Yes
Toll Free Number Sharekhan vs Indira Securities - Toll Free Number Yes Yes
Through Branches Sharekhan vs Indira Securities - Through Branches Yes Yes
Customer Care Number Sharekhan vs Indira Securities - Customer Care Number 1800227500 +91-(0)731-4797105/115/146
Account Opening Process Sharekhan vs Indira Securities - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Indira Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs Indira Securities - Knowledge Center/Education https://www.sharekhan.com/help/hello https://www.indiratrade.com/blog
Head Office Address Sharekhan vs Indira Securities - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website Sharekhan vs Indira Securities - Company Website https://www.sharekhan.com https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare Sharekhan vs Indira Securities on Research Reports, Tips

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

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

Compare Sharekhan vs Indira Securities on Demat Account

Compare Sharekhan with Indira 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 Indira Securities is ₹450 pa (Second year onwards) 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 Indira Securities is ₹20 or 0.02% whichever is higher.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 Indira Securities
  Sharekhan Indira Securities
DP Source CDSL CDSL
DP ID Sharekhan vs Indira Securities - DP ID 36000 752000
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹450 pa (Second year onwards)
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) ₹20 or 0.02% whichever is higher
Demat ₹5 per certificate (Min 50 per request) ₹5 per certificate + ₹35 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹50 per RRN
Pledge Creation 0.03% (Min ₹100) ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹50 or 0.02% whichever is higher
Failed Instruction Charges Nil ₹25
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
Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Indira Securities on Special Offers and Promotion

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

Compare Sharekhan vs Indira Securities on Special Offers and Promotion
  Sharekhan Indira Securities
Pay In and Pay Out Options Sharekhan vs Indira 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 funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time Sharekhan vs Indira Securities - Payout Time Max 24 hrs except bank holidays

Max 24 hrs except bank holidays

Bank Supported and Charges Sharekhan vs Indira Securities - Bank Supported and Charges Info Not Available

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
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...

  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

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...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Sharekhan Account Now>> Open Zerodha Account Now>>

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