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The brokerage of Sharekhan ranges between 0.1 to 0.5%, the brokerage of IIFL Securities ranges between Rs 20, while the brokerage of Upstox ranges between Rs 20. The broker Sharekhan and IIFL Securities are full service brokers where Upstox is a discount broker. Overall rating for Sharekhan is 4, IIFL Securities is rated 4, Upstox is rated 4.5 out of 5.
Here we present side-by-side comparison of Sharekhan vs IIFL Securities vs Upstox stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Sharekhan vs IIFL Securities vs Upstox on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Sharekhan vs IIFL Securities vs Upstox in this setion with 360 degree view of broker information.
 Sharekhan |
 IIFL Securities |
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| Broker Type | Full Service Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX |
| 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...  |
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,... |
Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. |
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In this section we have compared Sharekhan vs IIFL Securities vs Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan and IIFL Securities offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) as AMC for Demat account, IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account, where Upstox charges Free AMC for Demat account.
| Charges | Sharekhan | IIFL Securities | Upstox |
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| Trading Account Opening Fees | Free | Free | Promotion offer: Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 400 PA (Free for 1st year)) | Rs 250 PA (Free for 1st year) | Free |
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Plans are the most important feature you look when compare Sharekhan vs IIFL Securities vs Upstox. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Sharekhan offers Multiple Plans where IIFL Securities and Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Sharekhan | IIFL Securities | Upstox |
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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.
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
| Brokerage Charges Compare | Sharekhan | IIFL Securities | Upstox |
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| Plan Name | Sharkehan Brokerage Plan | IIFL iSERVE Brokerage Plan | Max Rs 20 Per Order Trading Plan |
| Equity Delivery | 0.30% | Flat Rs 20 per order | 2.5% or Rs 20 whichever is lower |
| Equity Intraday | 0.02% | Flat Rs 20 per order | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.02% | Flat Rs 20 per order | 0.05% or Rs 20 whichever is lower |
| Equity Options | Rs 20 per lot | Flat Rs 20 per order | Flat Fee Rs 20 |
| Currency Futures | 0.02% | Flat Rs 20 per order | 0.05% or Rs 20 whichever is lower |
| Currency Options | Rs 5 per lot | Flat Rs 20 per order | Flat Fee Rs 20 |
| Commodity Trading | Rs 20 per lot | Flat Rs 20 per order | Flat Fee Rs 20 |
| Minimum Brokerage | Rs 20 | ||
| Hidden Charges | No | Info Not Available | |
| Funding | Yes - 18% interest PA | Yes - 18% interest PA | NA |
| Call & Trade Charges | Free | Rs 50 Per Call + GST | Rs 50 + 18% GST |
| Auto Square off Charges | Free | Rs 50 Per Call + GST | Rs 50 + 18% GST |
| Brokerage Calculator | Brokerage Calculator for Sharekhan | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Upstox |
Compare Sharekhan vs IIFL Securities vs Upstox on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Sharekhan | IIFL Securities | Upstox |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | 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 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for sharekhan | Complete Brokerage Plans for iifl-securities | Complete Brokerage Plans for upstox |
Compare Sharekhan vs IIFL Securities vs 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 and IIFL Securities offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - Sharekhan and IIFL Securities offers NRI Trading where Upstox doesn't offers NRI Trading.
| Account Features Compare | Sharekhan | IIFL Securities | Upstox |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan vs IIFL Securities vs Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Sharekhan | IIFL Securities | Upstox | ||
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184 Customer Reviews
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82 Customer Reviews
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12 Customer Reviews
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| Overall Ratings | ||||
| 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 | Upstox is Rated 3.7 / 5 based on 12 customer reviews |
Compare Sharekhan vs IIFL Securities vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Sharekhan and IIFL Securities offers PMS facility where Upstox doesn't offers PMS facility.
| Investment Offerings Compare | Sharekhan | IIFL Securities | Upstox |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Sharekhan vs IIFL Securities vs Upstox on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Sharekhan and Upstox provides Bracket Orders (BO) facility where IIFL Securities doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.
| Order Type Compare | Sharekhan | IIFL Securities | Upstox |
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Compare Sharekhan vs IIFL Securities vs Upstox on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | Sharekhan | IIFL Securities | Upstox |
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| 24/7 Customer Service | |
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| Customer Care Number | 1800227500 | 022-40071000 | +91 22 6130 9999 |
| Account Opening Process | Offline | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.sharekhan.com/help/hello | https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx | https://upstox.com/help-center/ |
| Head Office 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 |
Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
| Website | https://www.sharekhan.com | https://www.indiainfoline.com/ | https://upstox.com/ |
Compare Sharekhan vs IIFL Securities vs Upstox on research reports and tips provided by broker.
| Sharekhan | IIFL Securities | Upstox | |
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| Research ETF | |
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Compare Sharekhan vs IIFL Securities vs Upstox on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Sharekhan | IIFL Securities | Upstox | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 36000 | 44700 | 81800 |
| Demat Account Annual Maintenance Charges(AMC) | ₹500 pa | ₹400 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 | NIL |
| Statutory charges | Actual Stamp Paper Charges | Nil | 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) | ₹13 + ₹5.50 CDSL charges |
| Demat | ₹5 per certificate (Min 50 per request) | ₹15 per certificate + ₹40 courier charges | ₹20 + ₹50 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 | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) |
| Pledge Creation | 0.03% (Min ₹100) | ₹50 | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Creation Confirmation | Nil | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Closure | Nil | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Closure Confirmation | Nil | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges |
| Pledge Invocation | Nil | Nil | 0.05% of the transaction value (Min ₹50) |
| Failed Instruction Charges | Nil | 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 |
Nil | Nil |
Compare Sharekhan vs IIFL Securities vs Upstox on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Sharekhan | IIFL Securities | Upstox | |
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| 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 |
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, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. | Max 24 hrs except bank holidays |
| 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. | 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 No.:9035< 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 |
HDFC Bank Account Name - RKSV SECURITIES INDIA PVT.LTD. Account Number -00600340067574 Account Type - Current Account IFSC Code- HDFC0000060 |
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Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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There are some setbacks or disadvantages also while trading with Upstox;
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| Special Offers/Promo | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | ||
| Enquire for Sharekhan | Enquire for IIFL Securities | Enquire for Upstox |
Last Updated on 2024-03-04T07:37:57+00:00
