ProStocksUpstoxPaytmFyers5PaisaTradeSmartAlice Bluem.StockINDmoneyMonarch NetworthShare.Market (PhonePe)Indiabulls SecuritiesFirstockThe side-by-side comparison of Mirae Asset Sharekhan and Zerodha NRI Account. Compare Mirae Asset Sharekhan Vs Zerodha NRI Account brokerage charges, exposure margin, demat account and AMC. Read Zerodha and Mirae Asset Sharekhan NRI Account reviews.
Find out Mirae Asset Sharekhan Vs Zerodha which is better NRI Trading Account. See Mirae Asset Sharekhan Vs Zerodha which is best NRI Demat Account.
Our Mirae Asset Sharekhan comparison with Zerodha highlights the major differences between two brokers. Find the best between Mirae Asset Sharekhan and Zerodha NRI Account.
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
 |  | |
| About the Broker | Established in 2000, Mirae Asset Sharekhan (formerly known as Sharekhan) is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and inves... | Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... |
| Account Type | Mirae Asset Sharekhan NRI Account | NRI Account |
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Special Offer: Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| NRI Account Opening Fees | ₹2000 | ₹500 |
| NRI Account AMC | ₹3000 | ₹0 |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 |
| NRI Demat Account AMC | Rs 400 (Free for 1st year) | Rs 300 |
| PIS Account AMC | NA | |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open Zerodha Account |
| Account Type | Mirae Asset Sharekhan Mirae Asset Sharekhan NRI Account | Zerodha NRI Account |
|---|---|---|
| Equity Delivery | 0.50% | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Equity Futures | 0.1% on first leg and 0.02% on second leg | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Equity Options | ₹250 per contract note | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Open Zerodha Account |
| Contract Note Reporting Charges | NA | |
| Other Brokerage Charges | PIS Acct AMC: ₹1000 | Demat Account AMC: ₹300 yearly |
| TDS Charges on Long Term Gain (Holding > 365 Days) | 11.96% | 11.96% |
| TDS Charges on Short Term Gain (Holding <= 365 Days) | 17.94% | 17.94% |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. |
| Mirae Asset Sharekhan Margin | Zerodha Margin | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage. | ||
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| 3-in-1 Account |  | |
| Automated Trading | | |
| Free Research And Tips |  | |
| Other Features | Call & Trade, Dedicated Relationship Manager, Branch Support | |
| Open Zerodha Account |
| Mirae Asset Sharekhan Review | Zerodha Review | |
|---|---|---|
316 Customer Reviews  | 491 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  | |
| Customer Service |  |  |
| Overall Rating | | |
| Broker Rating | Mirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviews | Zerodha is Rated 3.6 / 5 based on 491 customer reviews |
| Open Zerodha Account |
| Mirae Asset Sharekhan Enquire | Mirae Asset Sharekhan Enquire | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options | PMS, Wealth Management |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Customer Care Number | +91 022 6518500 | +91 80 4718 1888 |
| Customer Care Email | nridesk@miraeassetsharekhan.com | nridesk@zerodha.com |
| Open Zerodha Account |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Pros |
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Conclusion | Mirae Asset Sharekhan is a good choice as a stockbroker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings. | Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs. |
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| ZerodhaSpecial OfferFree Stock Trading and Mutual Funds
Limited-time offer! |
| Open Zerodha Account |
Zerodha and Sharekhan are different types of brokers. Zerodha is a discount broker whereas Sharekhan is a full-service broker. Here's a comparison between the 2 brokers on key services:
|
Consideration |
Zerodha |
Sharekhan |
|
Incorporation |
2010 |
2000 |
|
Exchange Supported |
NSE, BSE, MCX and NCDEX |
BSE, NSE, MCX and NCDEX |
|
Brokerage Plans |
Fixed Brokerage |
Percentage based brokerage |
|
Trading Account Opening Fees |
Rs 200 |
Free |
|
Demat Account AMC |
Rs 300 |
Rs 400 |
|
Trading Platform |
Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile |
TradeTiger, Sharekhan Mobile, Sharekhan Website |
|
Research Services |
No |
Yes |
|
Mutual Funds Services |
Yes |
Yes |
|
Relationship Manager |
No |
Yes |
|
Local Branch Support |
No |
Yes |
|
Handholding for beginners |
No |
Yes |
Sharekhan is a full-service broker while Zerodha is a discount stock broker. Sharekhan offers personalized services through its thousands of branches and franchise offices in almost every town in India while Zerodha is an online broker with no branches.
Sharekhan is better than Zerodha for following reasons:
Sharekhan is a Full-service broker offering complete trading and investment services including broking, demat, MF, Margin Funding, PMS and NRI services etc., whereas Zerodha, being a discount broker, limits its services to online trading and direct mutual funds. Sharekhan offers both online and offline trading whereas Zerodha offers only online trading.
Sharekhan offers research and advisory services wherein it publishes reports on the economy, markets and different trading segments. The research team also recommends stocks based on technical and fundamental analysis.
Sharekhan has over 3200 branches and franchise offices in more than 634 cities across India. Customers can visit these offices to avail its various services like account opening, trading and investing in mutual funds etc. Zerodha doesn't offer branch services as it has a very limited physical presence.
Every Sharekhan customer is provided with an RM who is one point of contact for all the services including sales, support and investment help. Zerodha doesn't offer RM support. It is a do-it-yourself type of broker.
Sharekhan offers free call & trade service while Zerodha charges Rs 20 per executed order extra for broker-assisted trades.
Zerodha is an online stock broker offering discount brokerage services to a customer who can trade or invest online by themselves with no help from the broker.
Sharekhan is a full-service broker offering in-person services to customers through a network of branches. Customers can walk-in the neighborhood store and talk to people.
Zerodha is better than Sharekhan for following reasons:
Zerodha charges a fraction of brokerage in comparison to Sharekhan. Sharekhan charges a percentage based brokerage fee on the value of the trade. Zerodha follows a fixed brokerage model wherein a flat brokerage is charged from all.
Zerodha offers brokerage free Equity Delivery trading which Sharekhan charges 0.55% brokerage.
Zerodha offers Direct Mutual Funds while Sharekhan offers only Regular Mutual Funds. Direct Mutual Fund offers an additional 1 to 2% yearly profits as the brokers are not paid any commissions by the Asset Management Company.
Zerodha's online trading platform Kite is superior and technologically advanced trading software.
Unlike Sharekhan, Zerodha doesn't provide:
Sharekhan and Zerodha Similarities
Conclusion
Sharekhan and Zerodha are different types of stock brokers catering to different trading needs. Sharekhan caters to beginners to intermediate traders who need research services in addition to trading services. Zerodha works well for experienced traders who are looking for low brokerage and can research and trade on their own.
Sharekhan is one of the best full-service brokers in the country. Here are a few reasons to choose Sharekhan as a stock broker:
Zerodha is an online stock broker that offers only trading and investment services at BSE, NSE and MCX. Sharekhan being a full-service broker offers trading, research, advisory services, PMS and personalized assistance.
Zerodha is better than Sharekhan for the following services
Sharekhan is better than Zerodha for the following services
Zerodha and Sharekhan are different types of brokers. Zerodha is suitable for investors who can trade independently with almost no support from stock broker. Sharekhan is for beginners and traders who require guidance, tips, and personalized assistance for trading.
Sharekhan is a full-service broker that offers research and advisory services along with online and offline trading services. Zerodha is the largest stock broker in India that offers a low brokerage commission online trading facility.
Zerodha offers brokerage-free Equity Delivery trading and mutual funds investment. It also offers advanced trading platforms for online trading through mobile or web browsers.
Sharekhan is better than Zerodha for the following factors:
Zerodha is better than Sharekhan for the following factors:
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Zerodha Account
