Quick Comparision (Sharekhan
VS Elite Wealth)
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.
Sharekhan
Elite Wealth
Single Margin Facility
Year of Incorporation
2000
1990
Exchanges
NSE, BSE, MCX and NCDEX.
NSE, BSE, MCX and NCDEX
Branches
153+
N/A
Brokerage
0.03%
0.03%
Broker Type
Discount Broker
Full Service Broker
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Sharekhan
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹400 (from 2nd year)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
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Sharekhan
Elite Wealth
Commodity Futures
0.03% per transaction value
0.03%
Currency Futures
0.03% per transaction value
0.03%
Equity Delivery
0.30% on market rate or minimum 10 paisa per share
0.33%
Equity Options
₹60/ Lot
₹33 per Lot
Commodity Options
₹60/ Lot
0.03%
Equity Futures
0.03% per transaction value
0.03%
Currency Options
₹20/ Lot
₹33 per Lot
Fixed Charges
₹1,00,000/ Year
0.03%
Equity Intraday
0.03% per transaction value
0.03%
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Sharekhan
Elite Wealth
RMS Square Off Charge
₹0 (Free)
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
₹0 (Free)
₹0 (Free)
Other Brokerage Charges
₹1,00,000/ Year
0.03%
Minimum Brokerage
0.10%
0.03%
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Sharekhan
Elite Wealth
Currency Options
NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium)
NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025%
Equity Futures
NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side
NSE: 0.00195% on Total Turnover value
Equity Intraday
NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
Equity Options
NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium)
NSE: 0.053% on Premium value
Commodity
MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%)
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 Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN
Currency Futures
NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%)
NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004%
Equity Delivery
NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
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Sharekhan
Elite Wealth
Equity Options
1 time (SPAN + Exposure)
1x (100% of Normal margin (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 Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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Sharekhan
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app)
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
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Sharekhan
Elite Wealth
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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Sharekhan
Elite Wealth
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Sharekhan
Elite Wealth
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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Sharekhan
Elite Wealth
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Sharekhan
Elite Wealth
Casual Investor
Active Investor
Trader
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Sharekhan
Elite Wealth
Pros
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.
1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days
Cons
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.
1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading.
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Sharekhan
Elite Wealth
Commodity Futures
0.01% on sell side (Non-Agri)
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025% on the sell Side
0.025% on Sell
Equity Options
0.05% on sell Side
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.1% on both buy and sell
0.1% on both buy & Sell
Equity Futures
0.01% on sell Side
0.01 % on Sell
Commodity Options
0.05% on sell side
0.05% on Sell Side
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Sharekhan
Elite Wealth
Equity Demat Transaction Charges
₹0 (Free)
No Charges
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Sharekhan
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% (on brokerage + transaction charges)
18% on (Brokerage + Transaction Charge)
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Sharekhan
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/Crore
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Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹400 (from 2nd year)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Enquiry with Elite Wealth
Sharekhan
Elite Wealth
Sharekhan Review | Brokerage Charges, Account Opening Sharekhan 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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Elite Wealth Review | Products and Trading Platforms
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Sharekhan
Elite Wealth
Commodity Futures
0.03% per transaction value
0.03%
Currency Futures
0.03% per transaction value
0.03%
Equity Delivery
0.30% on market rate or minimum 10 paisa per share
0.33%
Equity Options
₹60/ Lot
₹33 per Lot
Commodity Options
₹60/ Lot
0.03%
Equity Futures
0.03% per transaction value
0.03%
Currency Options
₹20/ Lot
₹33 per Lot
Fixed Charges
₹1,00,000/ Year
0.03%
Equity Intraday
0.03% per transaction value
0.03%
Call Back
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Enquiry with Elite Wealth
Sharekhan
Elite Wealth
Equity Options
1 time (SPAN + Exposure)
1x (100% of Normal margin (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 Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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Sharekhan
Elite Wealth
RMS Square Off Charge
₹0 (Free)
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
₹0 (Free)
₹0 (Free)
Other Brokerage Charges
₹1,00,000/ Year
0.03%
Minimum Brokerage
0.10%
0.03%
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Sharekhan
Elite Wealth
Commodity Futures
0.01% on sell side (Non-Agri)
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025% on the sell Side
0.025% on Sell
Equity Options
0.05% on sell Side
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.1% on both buy and sell
0.1% on both buy & Sell
Equity Futures
0.01% on sell Side
0.01 % on Sell
Commodity Options
0.05% on sell side
0.05% on Sell Side
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Sharekhan
Elite Wealth
Equity Demat Transaction Charges
₹0 (Free)
No Charges
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Sharekhan
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% (on brokerage + transaction charges)
18% on (Brokerage + Transaction Charge)
Call Back
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Enquiry with Elite Wealth
Sharekhan
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/Crore
Call Back
Open Account
Enquiry with Elite Wealth
Sharekhan
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app)
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Open Account
Enquiry with Elite Wealth