Mirae Asset Sharekhan Vs INDmoney (Compare Mirae Asset Sharekhan and INDmoney)

Mirae Asset Sharekhan Vs INDmoney

Incorporated in 2000, Mirae Asset Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	Mirae Asset Sharekhan	INDmoney
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE
Year of Incorporation	2000	2019
Number of Branches	2800	1
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Mirae Asset Sharekhan Vs INDmoney Charges & AMC

Mirae Asset Sharekhan trading account opening charges is Rs 0 (Free) while INDmoney account opening changes is Rs 0. Mirae Asset Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and INDmoney Demat Account AMC Charges is Rs 0.

	Mirae Asset Sharekhan	INDmoney
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 400 (Free for 1st year)	Rs 0

Mirae Asset Sharekhan Vs INDmoney Brokerage

Mirae Asset Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share whereas INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.

Account Type	Mirae Asset Sharekhan Classic Account	INDmoney Standard Plan
Fixed Charges
Equity Delivery	0.30% on market rate or minimum 1 paisa per share	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.02% on market rate or minimum 1 paisa per share	0.05% of order value or Rs 20, whichever is lower
Equity Futures	0.02% per transaction value	Rs 20 per executed order
Equity Options	Rs 39 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value
Currency Options	Rs 5 per lot
Commodity Futures	0.02%
Commodity Options	Rs 20 per lot
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 in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100.

Mirae Asset Sharekhan Vs INDmoney Brokerage Plan 2

	Mirae Asset Sharekhan	INDmoney
Account Type	Prepaid - Rs 1 Lakh	Standard Plan
Fixed Charges	Rs 1,00,000 per year
Equity Delivery	0.10%	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.015%	0.05% of order value or Rs 20, whichever is lower
Equity Futures	0.015%	Rs 20 per executed order
Equity Options	0.05% or Rs 63 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value
Currency Options	Rs 5 per lot
Commodity Futures	0.02%
Commodity Options	Rs 20 per lot
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Mirae Asset Sharekhan Vs INDmoney Brokerage Plan 3

	Mirae Asset Sharekhan	INDmoney
Account Type	Margin - Rs 1 Lakh	Standard Plan
Fixed Charges	Rs 1,00,000 margin
Equity Delivery	0.25%	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.05%	0.05% of order value or Rs 20, whichever is lower
Equity Futures	0.05%	Rs 20 per executed order
Equity Options	1% or Rs 70 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value
Currency Options	Rs 5 per lot
Commodity Futures	0.02%
Commodity Options	Rs 20 per lot
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Mirae Asset Sharekhan Charges Vs INDmoney

Minimum Brokerage	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	Rs 2
Other Charges
Call & Trade Charges	Rs 20	Rs 500
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Mirae Asset Sharekhan Vs INDmoney Leverage (Margin)

Mirae Asset Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Mirae Asset Sharekhan	INDmoney
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Mirae Asset Sharekhan and INDmoney Features

The trading platforms offered Mirae Asset Sharekhan include TradeTiger, Sharekhan Mobile. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.

	Mirae Asset Sharekhan	INDmoney
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	TradeTiger, Sharekhan Mobile	INDmoney App, INDstocks App and INDmoney Web Platform
Intraday Square-off Time	3:30 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Pattern finder, Class room training
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Mirae Asset Sharekhan Vs INDmoney Review

Mirae Asset Sharekhan is rated of 5 based on 316 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.

	Mirae Asset Sharekhan	INDmoney
	316 Customer Reviews	1 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Mirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviews	INDmoney is Rated 4.0 / 5 based on 1 customer reviews

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Mirae Asset Sharekhan Vs INDmoney Investment Options

	Mirae Asset Sharekhan	INDmoney
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

Mirae Asset Sharekhan Vs INDmoney Order Type Offered

	Mirae Asset Sharekhan	INDmoney
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
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Mirae Asset Sharekhan Vs INDmoney Suitable For Investor Type

	Mirae Asset Sharekhan	INDmoney
Casual Investor
Active Investor
Trader

Mirae Asset Sharekhan Vs INDmoney - Pros and Cons

	Mirae Asset Sharekhan	INDmoney
Pros	Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them. Sharekhan offers online and classroom training, seminars and workshops to investors. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood. Call & Trade facility is free with Sharekhan. Sharekhan allows fixed deposits as collateral for future and option trading.	Zero-cost trading account opening. INDmoney AMC charges are Rs 0 (lifetime). Invest in Indian and US stocks from one app. Pledge & Unpledge: Rs 20 + GST per ISIN per request. INDmoney for US stocks: Direct Access (NSEIX) and Zero AMC and Withdrawal Charges. Mutual Fund: Invest in 1600+ Direct Plan Mutual Funds. Invest in NPS: Efficient Retirement Planning. Save up to Rs 62,400/- per year in taxes with NPS. Family Accounts: Manage All your Family Accounts.
Cons	Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services. Classic account holders cannot trade Commodities, as the segment has to be activated separately. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.	No Margin Trading Funding — Borrowed funds for leveraged trades are not available. No Currency or Commodity Trading — Limited to equity, mutual funds, and US stock segments. No 3-in-1 Account — Banking, demat, and trading are not linked together.
Reviews
Promo / Offers	Zerodha (India's Best & No. 1 Broker)   Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews	INDmoney Special Offer Free stock trading and mutual funds Account Lifetime FREE Demat account AMC Brokerage free Mutual Fund investment Invest in Indian and US stocks from one app 4X instant wallet boost with MTF at just 0.04% interest per day Flat ₹20 brokerage per trade across all F&O segments Zero Fees on US stocks deposits and Withdrawals Track all finances and know your net worth Limited-time offer! Open your instant INDmoney account (FREE) online and start trading today.
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