Here is a detailed comparison of Sharekhan vs IDBI Direct. Sharekhan is the only full service broker who has come up with a thought of trading institution while IDBI Direct is a banking broker who is totally against any kind of marketing gimmick. This comparison between Sharekhan & IDBI Direct is a neck to neck affair.
Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies. This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.
In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:
- Overview
- Customer Ratings
- Demat Account
- Research & Advisory
- Brokerage Charges & Fees
- Other Charges
- Services
- Products
- Exposure/Leverage
- Trading Platform
- Offers
- Customer Support
- Complaints
Compare Stock Brokers
This Sharekhan & IDBI Direct comparison will give a very detailed overview of which stock broker is suitable for you.
Now let’s Compare IDBI Direct & Sharekhan
Overview of Sharekhan & IDBI Direct |
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| Overview | Sharekhan | IDBI Direct |
| Company Type | Public | Public |
| Broker Type | Full Service Broker | Full Service Broker |
| Headquarters | Mumbai, India | Mumbai, Maharashtra |
| Founder | Shripal Morakhia | Shri. Nagaraj Garla |
| Established Year | 2000 | 1993 |
Sharekhan vs IDBI Direct Customer Ratings Comparison |
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| Customer Ratings | Sharekhan | IDBI Direct |
| Experience | 8.7 / 10 | 6.2/10 |
| Products & Services | 8.8 / 10 | 6.0/10 |
| Brokerage Charges & Fees | 8.5 / 10 | 6.3/10 |
| Stock Research & Advisory | 8.3 / 10 | 6.1/10 |
| Trading Platforms | 8.2 / 10 | 6.0/10 |
| Overall Ratings | 8.50 / 10 | 6.1/10 |
| Star Ratings | ★★★★★ | ★★★☆☆ |
| Total Client Reviews | 7839 | 157 |
Sharekhan vs IDBI Direct Demat Account Comparison |
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| Demat Services | Sharekhan | IDBI Direct |
| Depository Source | NSDL & CDSL | CDSL & NSDL |
| Account Opening Charges | Zero | Rs 500 |
| Demat AMC Charges | Rs 400 (Free for 1st year) | Rs 450 |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Offline to Online | R | R |
IDBI Direct vs Sharekhan Brokerage Charges Comparison |
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| Brokerage Charge & Fees | Sharekhan | IDBI Direct |
| Equity Delivery Trading | 0.10% | 0.50% |
| Equity Intraday Trading | 0.50% | 0.05% |
| Commodity Options Trading | 0.03% | NA |
| Equity Futures Trading | 0.10% | 0.05% |
| Equity Options Trading | Rs 50 per lot | Rs 100 per lot |
| Currency Futures Trading | 0.10% | NA |
| Currency Options Trading | Rs 30 per lot | NA |
| Minimum Brokerage | Rs.30 | Rs.100 per executed order |
| Demat AMC Charges | Rs 400 (Free for 1st year) | Rs.450 |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Brokerage Calculator | Sharekhan Brokerage Calculator | IDBI Direct Brokerage Calculator |
IDBI Direct & Sharekhan Other Charges Comparison |
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| Other Charges | Sharekhan | IDBI Direct |
| Transaction Charges | 0.00275% of Total Turnover | 0.00312% of Total Turnover |
| STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
| SEBI Turnover Charges | 0.00005% (₹5/Crore) | 0.00005% (Rs. 5/Crore) |
| Stamp Duty | (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) | (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Compare IDBI Direct & Sharekhan Offers |
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| Offers | Sharekhan | IDBI Direct |
| Free Demat Account | S | R |
| Free Trading Account | R | R |
| Discount on Brokerage | R | R |
| Trading Happy Hours | S | S |
| Flexible Brokerage Plans | R | R |
| 1 Month Brokerage Free | R | S |
| Holiday Offers | S | R |
| Referral Offers | R | S |
| Zero Brokerage for Loss Making Trades | S | S |
Compare Services of Sharekhan vs IDBI Direct |
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| Services | Sharekhan | IDBI Direct |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Account | S | R |
| Intraday Services | R | R |
| IPO Services | R | R |
| Stock Recommendations | R | R |
| Robo Advisory | R | S |
| PMS | R | S |
| Trading Institution | R | S |
| Trading Exposure | Upto 5x | Upto 5x |
Compare IDBI Direct & Sharekhan Research & Advisory |
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| Research & Advisory | Sharekhan | IDBI Direct |
| Fundamental Reports | R | R |
| Research Reports | R | R |
| Company Reports | R | S |
| Annual Reports | R | S |
| Company Stock Review | R | R |
| Free Stock Tips | R | R |
| IPO Reports | S | R |
| Top Picks | R | R |
| Daily Market Review | S | R |
| Monthly Reports | R | S |
| Weekly Reports | R | R |
| Offline Advisory | R | R |
| Relationship Manager | R | R |
Sharekhan vs IDBI Direct Exposure/Leverage |
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| Exposure / Leverage | Sharekhan | IDBI Direct |
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x | Upto 5x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
| Currency Futures | 1x | 1x |
| Currency Options | 1x | 1x |
| Commodities | 1x | 1x |
| Margin Calculator | Sharekhan Margin Calculator | IDBI Direct Margin Calculator |
Sharekhan vs IDBI Direct Product Comparison |
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| Products | Sharekhan | IDBI Direct |
| Equity Trading | R | R |
| Commodity Trading | R | R |
| Currency Trading | R | R |
| Options | R | R |
| Futures | R | R |
| Mutual Funds | R | R |
| Forex | S | S |
| Banking | S | R |
| SIP | R | R |
| Insurance | S | S |
Sharekhan vs IDBI Direct Trading Platform Comparison |
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| Trading Platforms | Sharekhan | IDBI Direct |
| Desktop Platform – Windows | R | R |
| Desktop Platform – Mac | R | R |
| Desktop Browser Platform | R | R |
| Mobile Site Platform | S | S |
| Android App Platform | R | R |
| iOS App Platform | R | R |
| Windows App Platform | S | S |
| Other Mobile OS Platform | S | S |
| Real time Updates | R | R |
| Portfolio Details | R | R |
| Online MF Buy | R | R |
| News Flash | R | R |
| Research Reports | R | S |
| Easy Installation | R | R |
| Global Indices | R | R |
| Stock Tips | R | S |
| Personalized Advisory | R | S |
| Interactive Charts | R | R |
| Live Markets | R | R |
| SMS Alerts | R | S |
| Email Alerts | R | R |
| Multi Account Management | R | S |
Sharekhan vs IDBI Direct Customer Support |
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| Customer Support | Sharekhan | IDBI Direct |
| Dedicated Dealer | R | R |
| Offline Trading | R | R |
| Online Trading | R | R |
| 24*7 Support | S | S |
| Email Support | R | R |
| Chat Support | R | S |
| Toll Free Number | 1800 22 7500 | S |
| Branches | 126 | 225 |
Sharekhan vs IDBI Direct Customer Complaints |
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| Complaints (Current Year) | Sharekhan | IDBI Direct |
| Lodged in BSE | 198 | 46 |
| Resolved in BSE | 184 | 42 |
| Lodged in NSE | 218 | 65 |
| Resolved in NSE | 217 | 59 |
Compare Sharekhan with other Brokers & IDBI Direct with other Brokers
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