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 Upstox ranges between Rs 20. Sharekhan is a Full Service Broker where Upstox is a Discount Broker. Sharekhan is having overall lower rating compare to Upstox. Sharekhan is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 21,85,813 where number of active customer for Sharekhan is 6,17,214. Upstox is serving more customer compare to Sharekhan.
Here we present side-by-side comparison of Sharekhan vs Upstox 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 Upstox'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 Upstox 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 Upstox's on
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.
|Broker Type||Full Service Broker||Discount Broker|
|Exchanges Supported||BSE, NSE, MCX, NCDEX||NSE, BSE, MCX|
|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 ...||One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service.|
Comparison of Sharekhan with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where Sharekhan charges Rs 400 PA (Waived for first 3 year) AMC for Demat account.
|Trading Account Opening Fees||Free||Promotion offer: Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 400 PA (Waived for first 3 year)||Free|
|Provide DP Service|
Plans are the most important feature you look when compare Sharekhan with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Sharekhan provide Multiple Plans where Upstox doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
|Account Opening Request|
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.
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
|Brokerage Charges Compare||Sharekhan||Upstox|
|Plan Name||Classic Trading Plan (Percentage Based)||Max Rs 20 Per Order Trading Plan|
|Equity Delivery||0.5% or 50 paisa||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.1% or 10 paisa||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.1% or 10 paisa||0.05% or Rs 20 whichever is lower|
|Equity Options||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 20|
|Currency Futures||0.1% or 10 paisa||0.05% or Rs 20 whichever is lower|
|Currency Options||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 20|
|Commodity Trading||0.1% or 10 paisa||Flat Fee Rs 20|
|Minimum Brokerage||Rs 20||NIL|
|Hidden Charges||No||Info Not Available|
|Funding||Yes - 18% interest PA||Info Not Available|
|Call & Trade Charges||Free||Rs 50 Per Executable Order|
|Auto Square off Charges||Free||Rs 50 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for Sharekhan||Brokerage Calculator for Upstox|
Compare Sharekhan with Upstox on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Sharekhan||Upstox|
|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 360 Per Cr | Agri: Rs 275 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for sharekhan||Complete Brokerage Plans for upstox|
Compare Sharekhan with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Sharekhan offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where Sharekhan doesn't offers Algo Trading. Margin Funding - Sharekhan offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - Sharekhan offers NRI where Upstox doesn't offers NRI Trading.
|Account Features Compare||Sharekhan||Upstox|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Upstox. 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||Upstox|
|Desktop Trading Platform||TradeTiger||Upstox Pro|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.sharekhan.com/||https://pro.upstox.com/|
|Web Trading Demo||Web Trading Demo||Web Trading Demo|
|Mobile Trading App||Sharekhan||Upstox|
|Mobile Trading App Demo||Sharekhan Demo||Upstox Demo|
|Android Mobile App|
|Android App Download||Andriod Sharekhan Download||Andriod Upstox Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Sharekhan Download||iOS Upstox Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for Sharekhan||Equity Intraday and Delivery Brokerage Calculator for Upstox|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Sharekhan||Futures Brokerage Calculator for Upstox|
|Options Brokerage Calculator||Options Brokerage Calculator for Sharekhan||Options Brokerage Calculator for Upstox|
|Detail||Detail on Trading Platforms for sharekhan||Detail on Trading Platforms for upstox|
|184 Customer Reviews||12 Customer Reviews|
|Trading Brokerage Rating||3.1||3.8|
|Trading Platform Usability||3.9||3.7|
|Customer Service Ratings||3.5||3.5|
|Broker Rating||Sharekhan is Rated 3.6 / 5 based on 184 customer reviews||Upstox is Rated 3.7 / 5 based on 12 customer reviews|
Compare Sharekhan with Upstox 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 Upstox doesn't offer
|Investment Offerings Compare||Sharekhan||Upstox|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare Sharekhan with Upstox 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 Upstox doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Sharekhan||Upstox|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Sharekhan with Upstox 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 Service Compare||Sharekhan||Upstox|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||1800227500||+91 22 6130 9999|
|Account Opening Process||Offline||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Sharekhan Limited,
Lodha iThink Techno Campus,
|Upstox Corporate Office
Senapati Bapat Marg,
Mumbai - 400 013
Compare Sharekhan with Upstox on research reports and tips provided by the broker.
Compare Sharekhan with Upstox 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 Upstox is ₹300 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 Upstox is ₹13 + ₹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 Account Annual Maintenance Charges(AMC)||₹500 pa||₹300 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)||₹13 + ₹5.50 CDSL charges|
|Demat||₹5 per certificate (Min 50 per request)||₹20 + ₹50 courier charges|
|Remat||₹50 per certificate or ₹50 for every hundred securities||₹100 for every hundred securities or ₹25 per certificate (whichever is higher)|
|Pledge Creation||0.03% (Min ₹100)||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Creation Confirmation||Nil||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Closure||Nil||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Closure Confirmation||Nil||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Invocation||Nil||0.05% of the transaction value (Min ₹50)|
|Failed Instruction Charges||Nil||₹50|
|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
Compare Sharekhan with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
|Payout Time||Max 24 hrs except bank holidays||Max 24 hrs except bank holidays|
|Bank Supported and Charges||Info Not Available||Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.|
|Bank Detail||Sharekhan Limited
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
|Special Offers/Promo||Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs|
|Enquiry||Open Sharekhan Account Now>>||Open Upstox Account Now>>|
Last Updated on 2023-09-07T05:03:23+00:00