Here is a detailed comparison of Sharekhan vs IIFL. Sharekhan is highly innovative stock broker which keeps on bringing new techs in the broking industry while IIFL works on the logic of offline model where majority of client acquisition happens offline. In this article we will see a highly competitive comparison between Sharekhan & IIFL.
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
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This Sharekhan & IIFL comparison will give a very detailed overview of which stock broker is suitable for you.
Now let’s Compare IIFL & Sharekhan
Overview of Sharekhan & IIFL |
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| Overview | Sharekhan | IIFL |
| Company Type | Public | Public |
| Broker Type | Full Service Broker | Full Service Broker |
| Headquarters | Mumbai, India | Thane |
| Founder | Shripal Morakhia | Nirmal Jain, R. Venkataraman |
| Established Year | 2000 | 1995 |
Sharekhan vs IIFL Customer Ratings Comparison |
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| Customer Ratings | Sharekhan | IIFL |
| Experience | 8.7 / 10 | 8.8 / 10 |
| Products & Services | 8.8 / 10 | 9.0 / 10 |
| Brokerage Charges & Fees | 8.5 / 10 | 8.8 / 10 |
| Stock Research & Advisory | 8.3 / 10 | 8.2 / 10 |
| Trading Platforms | 8.2 / 10 | 8.9 / 10 |
| Overall Ratings | 8.50 / 10 | 8.74 / 10 |
| Star Ratings | ★★★★★ | ★★★★★ |
| Total Client Reviews | 7839 | 7218 |
Sharekhan vs IIFL Demat Account Comparison |
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| Demat Services | Sharekhan | IIFL |
| Depository Source | NSDL & CDSL | NSDL & CDSL |
| Account Opening Charges | Zero | Rs 295 |
| Demat AMC Charges | Rs 400 (Free for 1st year) | Rs 0 (Free for 1st year) |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Offline to Online | R | R |
IIFL vs Sharekhan Brokerage Charges Comparison |
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| Brokerage Charge & Fees | Sharekhan | IIFL |
| Equity Delivery Trading | 0.10% | Rs 0 (Free) |
| Equity Intraday Trading | 0.50% | Rs 20 per order |
| Commodity Options Trading | 0.03% | Rs 20 per order |
| Equity Futures Trading | 0.10% | Rs 20 per order |
| Equity Options Trading | Rs 50 per lot | Rs 20 per order |
| Currency Futures Trading | 0.10% | Rs 20 per order |
| Currency Options Trading | Rs 30 per lot | Rs 20 per order |
| Minimum Brokerage | Rs.30 | Rs.0.05 per Share |
| Demat AMC Charges | Rs 400 (Free for 1st year) | Rs 0 (Free for 1st year) |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Brokerage Calculator | Sharekhan Brokerage Calculator | IIFL Brokerage Calculator |
IIFL & Sharekhan Other Charges Comparison |
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| Other Charges | Sharekhan | IIFL |
| Transaction Charges | 0.00275% of Total Turnover | 0.00325% 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 IIFL & Sharekhan Offers |
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| Offers | Sharekhan | IIFL |
| Free Demat Account | S | S |
| Free Trading Account | R | R |
| Discount on Brokerage | R | S |
| Trading Happy Hours | S | S |
| Flexible Brokerage Plans | R | R |
| 1 Month Brokerage Free | R | S |
| Holiday Offers | S | S |
| Referral Offers | R | R |
| Zero Brokerage for Loss Making Trades | S | S |
Compare Services of Sharekhan vs IIFL |
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| Services | Sharekhan | IIFL |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Account | S | S |
| Intraday Services | R | R |
| IPO Services | R | R |
| Stock Recommendations | R | R |
| Robo Advisory | R | S |
| PMS | R | R |
| Trading Institution | R | S |
| Trading Exposure | Upto 5x | Upto 5x |
Compare IIFL & Sharekhan Research & Advisory |
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| Research & Advisory | Sharekhan | IIFL |
| Fundamental Reports | R | R |
| Research Reports | R | R |
| Company Reports | R | R |
| Annual Reports | R | R |
| 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 | R |
| Weekly Reports | R | R |
| Offline Advisory | R | R |
| Relationship Manager | R | R |
Sharekhan vs IIFL Exposure/Leverage |
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| Exposure / Leverage | Sharekhan | IIFL |
| 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 | IIFL Margin Calculator |
Sharekhan vs IIFL Product Comparison |
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| Products | Sharekhan | IIFL |
| Equity Trading | R | R |
| Commodity Trading | R | R |
| Currency Trading | R | R |
| Options | R | R |
| Futures | R | R |
| Mutual Funds | R | R |
| Forex | S | R |
| Banking | S | S |
| SIP | R | R |
| Insurance | S | S |
Sharekhan vs IIFL Trading Platform Comparison |
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| Trading Platforms | Sharekhan | IIFL |
| Desktop Platform – Windows | R | R |
| Desktop Platform – Mac | R | R |
| Desktop Browser Platform | R | R |
| Mobile Site Platform | S | R |
| 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 | R |
| Easy Installation | R | R |
| Global Indices | R | R |
| Stock Tips | R | R |
| Personalized Advisory | R | R |
| Interactive Charts | R | R |
| Live Markets | R | R |
| SMS Alerts | R | R |
| Email Alerts | R | R |
| Multi Account Management | R | R |
Sharekhan vs IIFL Customer Support |
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| Customer Support | Sharekhan | IIFL |
| Dedicated Dealer | R | R |
| Offline Trading | R | S |
| Online Trading | R | R |
| 24*7 Support | S | R |
| Email Support | R | R |
| Chat Support | R | R |
| Toll Free Number | 1800 22 7500 | 1800 3000 1155 |
| Branches | 126 | 120 |
Sharekhan vs IIFL Customer Complaints |
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| Complaints (Current Year) | Sharekhan | IIFL |
| Lodged in BSE | 198 | 145 |
| Resolved in BSE | 184 | 122 |
| Lodged in NSE | 218 | 214 |
| Resolved in NSE | 217 | 212 |
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