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Sharekhan Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Sharekhan Max 0.1 to 0.5% per trade while the brokerage of Upstox ranges between Rs 20. Sharekhan is a Full Service Broker where Upstox is a Discount Broker. Sharekhan is having overall lower rating compare to Upstox. Sharekhan is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for Sharekhan is 6,65,129. Upstox is serving more customer compare to Sharekhan.

Here we present side-by-side comparison of Sharekhan vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Sharekhan vs Upstox's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Sharekhan vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Sharekhan vs Upstox's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Sharekhan vs Upstox on Service

  Sharekhan Compare
Sharekhan
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 6,65,129 24,01,555
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Sharekhan Request call back from Upstox
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Account Opening Charges and AMC

Compare Sharekhan vs Upstox on Trading & Demat Account Opening Charges

Comparison of Sharekhan with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Upstox
Charges Sharekhan Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Upstox on Plan Options

Plans are the most important feature you look when compare Sharekhan with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Sharekhan provide Multiple Plans where Upstox doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Sharekhan with Upstox on Plan Options
Plan Types Sharekhan Upstox
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Sharekhan Upstox
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Upstox on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare Sharekhan with Upstox
Brokerage Charges Compare Sharekhan Upstox
Plan Name Sharkehan Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.30% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower
Equity Futures 0.02% 0.05% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Flat Fee Rs 20
Currency Futures 0.02% 0.05% or Rs 20 whichever is lower
Currency Options Rs 5 per lot Flat Fee Rs 20
Commodity Trading Rs 20 per lot Flat Fee Rs 20
Minimum Brokerage Rs 20 NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Rs 50 + 18% GST
Auto Square off Charges Free Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare Sharekhan vs Upstox on Transaction Charges

Compare Sharekhan with Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare Sharekhan with Upstox
Transaction Charges Compare Sharekhan Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for upstox
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Account Features

Compare Sharekhan vs Upstox on Account Features

Compare Sharekhan with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Sharekhan offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where Sharekhan doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Sharekhan offers NRI where Upstox doesn't offers NRI Trading.

Account Features - Sharekhan with Upstox
Account Features Compare Sharekhan Upstox
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. Yes, Sharekhan have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Sharekhan vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Sharekhan with Upstox
Trading Platform Compare Sharekhan Upstox
Desktop Trading Platform TradeTiger Upstox Pro
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan Upstox
Mobile Trading App Demo Sharekhan Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan Download iOS Upstox Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare Sharekhan vs Upstox on User Rating

  Sharekhan Upstox
  184 Customer Reviews    Rate Sharekhan 12 Customer Reviews    Rate Upstox
Fees Ratings 3.2 3.5
Trading Brokerage Rating 3.1 3.8
Trading Platform Usability 3.9 3.7
Customer Service Ratings 3.5 3.5
Overall Ratings 3.6 3.7
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare Sharekhan vs Upstox on Investment Offerings

Compare Sharekhan with Upstox on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Sharekhan provide PMS Service where Upstox doesn't offer

Investment Offerings - Compare Sharekhan with Upstox
Investment Offerings Compare Sharekhan Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs Upstox on Order Types

Order Type - Compare Sharekhan with Upstox on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Sharekhan with Upstox
Order Type Compare Sharekhan Upstox
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Sharekhan vs Upstox on Customer Service

Compare Sharekhan with Upstox on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Sharekhan with Upstox
Customer Service Compare Sharekhan Upstox
24/7 Customer Service Sharekhan vs Upstox - 24x7 customer support No No
Email Support Sharekhan vs Upstox - Email Support Yes Yes
Onine Live Chat Sharekhan vs Upstox - Onine Live Chat Yes Yes
Phone Support Sharekhan vs Upstox - Phone Support Yes Yes
Toll Free Number Sharekhan vs Upstox - Toll Free Number Yes No
Through Branches Sharekhan vs Upstox - Through Branches Yes Yes
Customer Care Number Sharekhan vs Upstox - Customer Care Number 1800227500 +91 22 6130 9999
Account Opening Process Sharekhan vs Upstox - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs Upstox - Knowledge Center/Education https://www.sharekhan.com/help/hello https://upstox.com/help-center/
Head Office Address Sharekhan vs Upstox - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website Sharekhan vs Upstox - Company Website https://www.sharekhan.com https://upstox.com/
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Tips/Research/Reports Published

Compare Sharekhan vs Upstox on Research Reports, Tips

Compare Sharekhan with Upstox on research reports and tips provided by the broker.

Research Reports - Compare Sharekhan with Upstox
  Sharekhan Upstox
Research Mutual Funds Sharekhan vs Upstox - Research Mutual Funds Yes No
Research Equity Reports Sharekhan vs Upstox - Research Equity Reports Yes No
Research ETF Sharekhan vs Upstox - Research ETF Yes No
Daily Market Report Sharekhan vs Upstox - Daily Market Report Yes No
Free Tips Sharekhan vs Upstox - Free Tips Yes No
Quarterly Result Analysis Sharekhan vs Upstox - Quarterly Results Yes No
News Alerts Sharekhan vs Upstox - Yes No
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Demat Account

Compare Sharekhan vs Upstox on Demat Account

Compare Sharekhan with Upstox on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Upstox is ₹300 PA where for Sharekhan is ₹500 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) where for Upstox is ₹13 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Sharekhan with Upstox
  Sharekhan Upstox
DP Source CDSL CDSL
DP ID Sharekhan vs Upstox - DP ID 36000 81800
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹300 PA
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NIL
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) ₹13 + ₹5.50 CDSL charges
Demat ₹5 per certificate (Min 50 per request) ₹20 + ₹50 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation 0.03% (Min ₹100) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation Nil 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Upstox on Special Offers and Promotion

Compare Sharekhan with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs Upstox on Special Offers and Promotion
  Sharekhan Upstox
Pay In and Pay Out Options Sharekhan vs Upstox - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time Sharekhan vs Upstox - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Sharekhan vs Upstox - Bank Supported and Charges Info Not Available Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Sharekhan Account Now>> Open Upstox Account Now>>

Last Updated on 2024-03-04T07:37:57+00:00