INDmoney Vs Sharekhan
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Sharekhan
Sharekhan is Discount Broker. Its Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
INDmoney Vs Sharekhan - Broker Details
| INDmoney | Sharekhan | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2019 | 2000 |
| Exchanges | NSE, BSE and MCX | NSE, BSE, MCX and NCDEX. |
| Branches | 966 | 153+ |
| Brokerage | 0.05% or up to ₹20/Per Order | 0.03% |
| Broker Type | Discount Broker | Discount Broker |
| Call Back Open Account |
INDmoney Vs Sharekhan - Account Opening & AMC Charges
| INDmoney | Sharekhan | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹400 (from 2nd year) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Call Back Open Account |
INDmoney Vs Sharekhan - Brokerage charges & Plans
| INDmoney | Sharekhan | |
|---|---|---|
| Commodity Futures | N/A | 0.03% per transaction value |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.03% per transaction value |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.30% on market rate or minimum 10 paisa per share |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹60/ Lot |
| Commodity Options | N/A | ₹60/ Lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.03% per transaction value |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹20/ Lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | ₹1,00,000/ Year |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.03% per transaction value |
| Call Back Open Account |
INDmoney Vs Sharekhan - Other Charges
| INDmoney | Sharekhan | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹0 (Free) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | ₹1,00,000/ Year |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.10% |
| Call Back Open Account |
INDmoney Vs Sharekhan - Transaction Charges
| INDmoney | Sharekhan | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium) |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side) |
| Equity Options | NSE: 0.053% on premium value | NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium) |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%) |
| Currency Futures | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%) |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side) |
| Call Back Open Account |
INDmoney Vs Sharekhan - Margin (Exposure)
| INDmoney | Sharekhan | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1 time (SPAN + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
INDmoney Vs Sharekhan - Features
| INDmoney | Sharekhan | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app) |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |
INDmoney Vs Sharekhan - Review & Rating
| INDmoney | Sharekhan | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
INDmoney Vs Sharekhan - Request a call back from Broker
| INDmoney | Sharekhan | |
|---|---|---|
| Call Back Open Account |
INDmoney Vs Sharekhan - Investment Options
| INDmoney | Sharekhan | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Call Back Open Account |
INDmoney Vs Sharekhan - Order Type
| INDmoney | Sharekhan | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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| Call Back Open Account |
INDmoney Vs Sharekhan - Research & Report
| INDmoney | Sharekhan | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Call Back Open Account |
INDmoney Vs Sharekhan - Daily Market Report
| INDmoney | Sharekhan | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account |
INDmoney Vs Sharekhan - Suitable For Investor
| INDmoney | Sharekhan | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account |
INDmoney Vs Sharekhan - Pros & Cons
| INDmoney | Sharekhan | |
|---|---|---|
| Pros | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. | 1. It offers multiple trading platforms to its customers to suite the needs of customer. 2. It provides various brokerage slabs to fulfil the customer needs. More you trade with Sharekhan the lesser brokerage you need to pay. 3. It provides the online and classroom trading, seminars and workshops to the investors. 4. The stock broker does not charge online fund transfer from the bank account and the funds pay-out to bank account. 5. It does not charge for DP transactions. 6. It allows fixed deposit as collateral for the future and options trading. 7. It charges zero fees from the call and trade facility. |
| Cons | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. | 1. It does not offer the 3-in-1 account as it does not provide the banking services. 2. The brokerage charged is percentage based that are higher in comparison to the flat fee brokers. 3.The customers who hold Classic account are unable to trade in Commodities. |
| Call Back Open Account |
INDmoney Vs Sharekhan - Background
| INDmoney | Sharekhan | |
|---|---|---|
| Call Back Open Account |
INDmoney Vs Sharekhan - Compare All Brokers
| INDmoney | Sharekhan | |
|---|---|---|
| Call Back Open Account |
INDmoney Vs Sharekhan - STT/CTT
| INDmoney | Sharekhan | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell Side |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy and sell |
| Equity Futures | 0.01% only on sell | 0.01% on sell Side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
| Call Back Open Account |
INDmoney Vs Sharekhan - Demat transaction charges
| INDmoney | Sharekhan | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹0 (Free) |
| Call Back Open Account |
INDmoney Vs Sharekhan - GST
| INDmoney | Sharekhan | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
| Call Back Open Account |
INDmoney Vs Sharekhan - SEBI Charges
| INDmoney | Sharekhan | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
| Call Back Open Account |
INDmoney Vs Sharekhan - Account Opening & AMC Charges
INDmoney
Sharekhan
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹400 (from 2nd year)
Trading Account AMC
₹0 (Free)
₹0 (Free)
INDmoney Vs Sharekhan
| INDmoney | Sharekhan | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation Details |
Sharekhan Review | Brokerage Charges, Account OpeningSharekhan is one of the largest stock brokers in India. It was incorporated in the year 2000 and provides its brokerage services by its website. Review of Sharekhan has grown immensely since last 10 years and now is considered as the leading stock broker of India. Sharekhan tips review provides its services through sharekhan franchise revie .. |
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Sharekhan
Sharekhan is Discount Broker. Its Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
INDmoney Vs Sharekhan - Brokerage charges & Plans
| INDmoney | Sharekhan | |
|---|---|---|
| Commodity Futures | N/A | 0.03% per transaction value |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.03% per transaction value |
| Equity Delivery | 0.05% or up to ₹20/Per Order | 0.30% on market rate or minimum 10 paisa per share |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹60/ Lot |
| Commodity Options | N/A | ₹60/ Lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.03% per transaction value |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹20/ Lot |
| Fixed Charges | 0.05% or up to ₹20/Per Order | ₹1,00,000/ Year |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.03% per transaction value |
| Call Back Open Account |
INDmoney Vs Sharekhan - Margin (Exposure)
| INDmoney | Sharekhan | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1 time (SPAN + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
INDmoney Vs Sharekhan - Other Charges
| INDmoney | Sharekhan | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹0 (Free) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | ₹1,00,000/ Year |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.10% |
INDmoney Vs Sharekhan - STT/CTT
| INDmoney | Sharekhan | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell Side |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy and sell |
| Equity Futures | 0.01% only on sell | 0.01% on sell Side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Sharekhan - Demat transaction charges
| INDmoney | Sharekhan | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹0 (Free) |
INDmoney Vs Sharekhan - GST
| INDmoney | Sharekhan | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
INDmoney Vs Sharekhan - SEBI Charges
| INDmoney | Sharekhan | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
INDmoney Vs Sharekhan - Features
| INDmoney | Sharekhan | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
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| 3 in 1 Account |
|
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| Charting |
|
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| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app) |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |