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 | ||
| Overview | Sharekhan | IIFL |
| Company Type | Private | Public |
| Broker Type | Full Service Broker | Full Service Broker |
| Headquarters | Mumbai, India | Mumbai, India |
| Founder | Jaideep Arora | Nirmal Jain |
| Established Year | 2000 | 1995 |
Sharekhan vs IIFL Customer Ratings Comparison | ||
| Customer Ratings | Sharekhan | IIFL |
| Experience | 7.5/10 | 8.8/10 |
| Products & Services | 7.0/10 | 8.8/10 |
| Brokerage Charges & Fees | 6.5/10 | 8.2/10 |
| Stock Research & Advisory | 7.0/10 | 8.9/10 |
| Trading Platforms | 7.5/10 | 9.0/10 |
| Overall Ratings | 7.1/10 | 8.7/10 |
| Star Ratings | ★★★★☆ | ★★★★★ |
| Total Client Reviews | 1236 | 418 |
Sharekhan vs India Infoline Demat Account Comparison | ||
| Demat Services | Sharekhan | IIFL |
| Depository Source | NSDL & CDSL | NSDL & CDSL |
| Account Opening Charges | Zero | Zero |
| Demat AMC Charges | Free or Rs.300 per Annum | Free for 1 year & Rs.450 per annum thereafter |
| Trading AMC Charges | Free | Free |
| Margin Money | Zero | Minimum Rs.10,000 |
| Offline to Online | Yes | Yes |
IIFL vs Sharekhan Brokerage Charges Comparison | ||
| Brokerage Charge & Fees | Sharekhan | IIFL |
| Equity Delivery Trading | 0.50% | Free |
| Equity Intraday Trading | 0.10% | Rs.20 per order or 0.05%, whichever is lower |
| Commodity Options Trading | 0.10% | Rs.20 per order or 0.05%, whichever is lower |
| Equity Futures Trading | 0.10% | Rs.20 per order or 0.05%, whichever is lower |
| Equity Options Trading | Rs.100 per Lot or 2.5% on Premium (Takes higher amount) | Rs.20 per order |
| Currency Futures Trading | 0.10% | Rs.20 per order or 0.05%, whichever is lower |
| Currency Options Trading | Rs.30 per Lot or 2.5% on Premium (Takes higher amount) | Rs.20 per order or 0.05%, whichever is lower |
| Minimum Brokerage | Rs.20 | Rs.0.05 per Share |
| Demat AMC Charges | Free or Rs.300 per Annum | Free for 1 year & Rs.450 per annum thereafter |
| Trading AMC Charges | Free | Free |
| Margin Money | Zero | Minimum Rs.10,000 |
| Brokerage Calculator | Sharekhan Brokerage Calculator | IIFL Brokerage Calculator |
India Infoline & Sharekhan Other Charges Comparison | ||
| Other Charges | Sharekhan | IIFL |
| Transaction Charges | 0.00275% of Total Turnover | 0.00325% of Total Turnover |
| STT | 0.0126% of Total Turnover | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover | Rs.5 per crore |
| Stamp Duty | Depends on State (very minimal) | Depends on State (very minimal) |
| GST | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) |
Compare IIFL & Sharekhan Offers | ||
| Offers | Sharekhan | IIFL |
| Free Demat Account | R | R |
| 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 | ||
| Services | Sharekhan | IIFL |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Acount | 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 32x | Upto 20x |
Compare IIFL & Sharekhan Research & Advisory | ||
| 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 | ||
| Exposure / Leverage | Sharekhan | IIFL |
| Equity Delivery | Upto 15x | Upto 5x |
| Equity Intraday | Upto 32x | Upto 20x |
| Equity Futures | Upto 15x | Upto 3x |
| Equity Options | Upto 10x | Upto 3x |
| Currency Futures | Upto 8x | Upto 2x |
| Currency Options | Upto 10x | Upto 2x |
| Commodities | Upto 10x | Upto 3x |
Sharekhan vs IIFL Product Comparison | ||
| 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 | ||
| 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 | ||
| Customer Support | Sharekhan | IIFL |
| Dedicated Dealer | R | R |
| Offline Trading | R | S |
| Online Trading | R | R |
| 24*7 Support | S | S |
| Support Number | 1800 22 7500 | 1800 3000 1155 |
| 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 | ||
| 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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