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IIFL vs Sharekhan (Compare IIFL and Sharekhan)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between IIFL vs Sharekhan, Below comparison of IIFL vs Sharekhan highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of IIFL vs Sharekhan is given below:

IIFL Sharekhan
About The Brokers
IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> more

Sharekhan :

"Sharekhan is one of the pioneers of online trading in India. It offers a broad range of financial products and services including securities brokerage, mutual fund di   >>> more

Find More Information about the Broker :
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Sharekhan :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
IIFL :
 Full Service Broker
Sharekhan :
 Full Service Broker
Promo/offers
IIFL :
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
Sharekhan :
Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
Advantage
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
Sharekhan :
  •  Free call and trade facility.
  •  Huge Branch & Partner network
  •  User-friendly website and easy to use trading platform
  •  Registered with both the exchanges - BSE and NSE.
  •  Provides you with the opportunity of commodity trading.
  •  The fixed deposit can be used as collateral for future and option trading.
  •  Sharekhan doesn't charge for DP transactions.
  • Sharekhan offers online and classroom training, seminars and workshops to investors. 
  • No charges for Online funds transfer .
  •  Provides services of dedicated Relationship Managers.
Disadvantage
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
Sharekhan :
  •  Offer only 2-in-1 account.
  •  Shraekhan charges comparatively high brokerage.
  •  Minimum brokerage of 10 paisa is being charged per stock basis.
  •  Trading after market hours is not allowed.
  •  Classic account holders cannot trade commodities.
Why This
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
Sharekhan :
  •  Pan India Presence over 170 branches & 2300+ Franchise partners.
  •  DP transaction facility is available without any cost.
  •  Sharekhan allows fixed deposit as collateral for Future & Options.
  •  At Sherkhan you can Trade through call & trade service.
  •  Provide you scope to widen your portfolio by investing in Equities, IPO, Mutual Funds, ETFs, Commodities, F&O
Open Account Open Account

IIFL vs Sharekhan Account Opening & AMC Charges

IIFL Trading Account Opening Fee is Rs 0 (Free) and Sharekhan Trading Account Opening Fee is Rs 0 (Free) . IIFL Demat Account AMC is Rs 250 (Free for 1st year) and Sharekhan Demat Account AMC is Rs 400 (Free for 1st year) .

IIFL Sharekhan
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0 (Free)

Trading Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee :

Rs 0 (Free)

Demat Account AMC Demat Account AMC :

Rs 250 (Free for 1st year)

Demat Account AMC :

Rs 400 (Free for 1st year)

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Rs 0 (Free)

Open Account Open Account

IIFL vs Sharekhan Brokerage Charges

IIFL Brokerage Charges Equity Delivery is Rs 20 per order and Equity Intraday is Rs 20 per order and Equity Options is Rs 20 per order . Sharekhan Brokerage Charges Equity Delivery is 0.50% and Equity Intraday is 0.10% and Equity Options is Rs 50 per lot .

IIFL Sharekhan
Plan Name Plan Name :

Standard Plan

Plan Name :

Classic Account

Plan Name :

Sharekhan Prepaid

Equity Delivery Equity Delivery :

Rs 20 per order

Equity Delivery :

0.50%

Equity Delivery :

0.10%

Equity Intraday Equity Intraday :

Rs 20 per order

Equity Intraday :

0.10%

Equity Intraday :

0.015%

Equity Future Equity Future :

Rs 20 per order

Equity Future :

0.10%

Equity Future :

0.015%

Equity Options Equity Options :

Rs 20 per order

Equity Options :

Rs 50 per lot

Equity Options :

0.05% or Rs 63 per lot

Currency Futures Currency Futures :

Rs 20 per order

Currency Futures :

0.10%

Currency Futures : -
Currency Options Currency Options :

Rs 20 per order

Currency Options :

Rs 30 per lot

Currency Options : -
Monthly Fee Monthly Fee :

NA

Monthly Fee : - Monthly Fee :

Rs 1,00,000 per year

Margin Trading Margin Trading : - Margin Trading : - Margin Trading : -
Commodity Futures Commodity Futures :

Rs 20 per order

Commodity Futures :

0.03%

Commodity Futures : -
Commodity Options Commodity Options :

Rs 20 per order

Commodity Options :

0.03%

Commodity Options : -
Open Account Open Account

IIFL vs Sharekhan Exchange Transaction Charges

IIFL Exchange Transaction Charges Equity Future is Rs 210 per Cr (0.0021%) and Equity Options is Rs 5100 per Cr (0.051%) (on premium) . Sharekhan Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side) and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) .

IIFL Sharekhan
Equity Delivery Equity Delivery :

Rs 325 per Cr (0.00325%)

Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)

Equity Intraday Equity Intraday :

Rs 325 per Cr (0.00325%)

Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)

Equity Future * Equity Future :

Rs 210 per Cr (0.0021%)

Equity Future :

NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side)

Equity Options * Equity Options :

Rs 5100 per Cr (0.051%) (on premium)

Equity Options :

NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium)

Currency Futures * Currency Futures :

Rs 210 per Cr (0.0021%)

Currency Futures :

NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%)

Currency Options Currency Options :

Rs 5100 per Cr (0.051%) (on premium)

Currency Options :

NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium)

Commodity Commodity :

Group A - Rs 280 per Cr (0.0028%)

Commodity :

MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%)

Open Account Open Account

IIFL vs Sharekhan Other Charges

IIFL and Call & Trade is Rs 50 per call . Sharekhan Minimum Brokerage is Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share and Call & Trade is Rs 20 .

IIFL Sharekhan
Minimum Brokerage Minimum Brokerage : - Minimum Brokerage :

Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share

Call & Trade Call & Trade :

Rs 50 per call

Call & Trade :

Rs 20

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

DP Charges (on sell side) :

Rs 0

Other Miscellaneous Charges Other Miscellaneous Charges :

Advisory SMS - Rs 50 per month

Other Miscellaneous Charges : -
Open Account Open Account

IIFL vs Sharekhan Features

IIFL and Sharekhan both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

IIFL Sharekhan
Trading Platform Trading Platform :

IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App

Trading Platform :

TradeTiger, Sharekhan Mobile

Placing orders through charts Placing orders through charts :

No

Placing orders through charts :

Yes

Trading Alerts Trading Alerts :

No

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips :

Yes

Detailed Education Initiatives Detailed Education Initiatives :

Yes

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program : - Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

Yes

Open Account Open Account

IIFL vs Sharekhan Demat Account Charges

A comparative table of various demat account charges between IIFL and Sharekhan is below:

IIFL Sharekhan
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Rs 0 (free)

Account Opening Fee :

Actual Stamp Paper Charges

Advance Deposit Advance Deposit :

Rs 0

Advance Deposit :

Rs. 500 Advance which will be adjusted against billing (Optional)

Tariff D - Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)

AMC AMC :

Rs 250 (free for 1st year)

AMC :

Scheme A: Rs 400,
Scheme B: Rs 500,
Scheme C: Rs 350,
Scheme D: Nil,
Scheme E: Rs 100,
Scheme F: Rs 500,
Scheme H: Rs 1000,
Scheme G: Nil(holding Value <= Rs 50000) or 100(holding Value from Rs 50001 to Rs 200000)or 400(holding Value >Rs 200000)

Scheme A, C, E & H: Free for the 1st Year.

Dematerialisation Charges Dematerialisation Charges :

Rs 15 per certificate

Dematerialisation Charges :

Rs 5 per certificate (Min Rs 50 per request for Tariff A,B,C,D,E,F & H) (Min Rs 100 per request for Tariff G )

Rematerialisation Charges Rematerialisation Charges :

Rs 15 per certificate

Rematerialisation Charges :

Rs 50 per certificate or Rs 50 for every hundred securities

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

Rs 25 per debit transaction

Transaction Charges (debit) :

  1. Scheme A & B: Sales through Sharekhan: Rs 0 Else 0.03% of value of tran(min Rs 30),
  2. Scheme C & D: Sales through Sharekhan Rs 6 Per tran Else 0.03% of value of tran(min Rs 30),
  3. Scheme E & H: Sales through Sharekhan 0.03% of value of tran (E:min Rs
  4. 29,H:min Rs 30) Else 0.03% of value of tran(min Rs 49),
  5. Scheme F: 0.03% of value of tran(min Rs 30),
  6. Scheme G: 0.03% of value of tran(min Rs 49)

Pledge Creation Charges Pledge Creation Charges :

Rs 10

Pledge Creation Charges :

0.03 % of the value of the Transaction (Min Rs 100 per transaction)

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Rs 0

Pledge Creation Confirmation Charges :

Nil

Pledge Invocation Charges Pledge Invocation Charges :

Rs 15

Pledge Invocation Charges :

Nil

Failed Instruction Charges Failed Instruction Charges : - Failed Instruction Charges :

Nil

Other Charges Other Charges :

Conversion of MF units: Rs 0, Reconversion of MF units: Rs 0, Courier Charges: Rs 100 per request

Other Charges :

  1. Freeze /De-freeze - Rs 25 per request
  2. Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum Rs 100)
  3. Client Master changes Rs 30 per request for Tariff G

Open Account Open Account

IIFL vs Sharekhan Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 1139902 and Total Number of Branches is 900 . Sharekhan Year of Incorporation is 2000 and Total Number of Clients is 757371 and Total Number of Branches is 2800 .

IIFL Sharekhan
Year of Incorporation Year of Incorporation :

1996

Year of Incorporation :

2000

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Active Exchange Memberships :

NSE, BSE, MCX, NCDEX

Demat Services Demat Services :

Yes

Demat Services :

Yes

Website Website : https://www.indiainfoline.com Website : http://www.sharekhan.com
Contact Details Contact Details :

022-400710000

Contact Details :

022-61150000

Total Number of Clients Total Number of Clients :

1,139,902

Total Number of Clients :

757,371

Total Number of Branches Total Number of Branches :

900

Total Number of Branches :

2800

Products * Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Products :

Investment banking, institutional broking

Open Account Open Account

IIFL vs Sharekhan Orders

Orders

IIFL Sharekhan
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

Yes

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

No

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

IIFL vs Sharekhan Research and Advice / Trading Tips

Research and Advice / Trading Tips

IIFL Sharekhan
Equity Trading Recommendation * Equity Trading Recommendation :

Yes

Equity Trading Recommendation :

Yes

Equity Investment Recommendation * Equity Investment Recommendation :

Yes

Equity Investment Recommendation :

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile :

Yes

Recommendation basis risk Profile :

Yes

Comparison * Comparison :

Yes

Comparison :

Yes

Free Tips * Free Tips :

Yes

Free Tips :

Yes

Daily Market report * Daily Market report :

Yes

Daily Market report :

Yes

ETF research * ETF research :

Yes

ETF research :

Yes

Quarterly Results * Quarterly Results :

Yes

Quarterly Results :

Yes

Open Account Open Account

IIFL vs Sharekhan Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

IIFL Sharekhan
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP :

Rs.75,000 to Rs.2,00,000

Investment required for Franchisee / AP :

Rs.50,000

Open Account Open Account

IIFL vs Sharekhan Product & Services

IIFL and Sharekhan both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL Sharekhan
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

Yes

Margin Trading :

Yes

Call in Trade * Call in Trade :

Yes

Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

Yes

NRI Services :

Yes

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan :

Yes

IPO Investment * IPO Investment :

Yes

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis :

Yes

Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator :

No

Margin Calculator * Margin Calculator :

No

Margin Calculator :

No

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

Yes

Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

No

Open Account Open Account

IIFL vs Sharekhan Customer Services

IIFL and Sharekhan both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

IIFL Sharekhan
Toll Free Number * Toll Free Number :

No

Toll Free Number :

Yes

Live Chat Facility * Live Chat Facility :

No

Live Chat Facility :

Yes

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

Yes

Branch Offices :

Yes

Customer Care * Customer Care :

Yes

Customer Care :

Yes

Community Service * Community Service :

Yes

Community Service :

Yes

Relationship Manager * Relationship Manager : - Relationship Manager :

Yes

24/7 Support * 24/7 Support :

No

24/7 Support :

No

Open Account Open Account

IIFL vs Sharekhan Other Investement

IIFL and Sharekhan both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

IIFL Sharekhan
Commodity Trading * Commodity Trading :

Yes

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds :

Yes

Investment in Bonds :

Yes

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

Yes

Investment in Corporate Debt instruments :

No

Insurance Services * Insurance Services :

Yes

Insurance Services :

No

Banking Services * Banking Services :

No

Banking Services :

No

Open Account Open Account

IIFL vs Sharekhan Trading Platform

IIFL and Sharekhan both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL Sharekhan
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

Yes

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

Yes

I-Pad App :

Yes

Virtual Trading * Virtual Trading : - Virtual Trading :

Yes

iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

Yes

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Open Account Open Account

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