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Sharekhan vs IIFL – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Aug 29, 2023

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.

Sharekhan vs 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 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

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

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

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

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

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

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

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 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

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 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

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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