Mirae Asset Sharekhan Vs Monarch Networth (Compare Mirae Asset Sharekhan and Monarch Networth)

Mirae Asset Sharekhan Vs Monarch Networth

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 1993, Monarch Networth is a Full Service Broker. It offers trading at BSE, NSE, MCX & NCDEX. It has 71 branches across India.

	Mirae Asset Sharekhan	Monarch Networth
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX & NCDEX
Year of Incorporation	2000	1993
Number of Branches	2800	71
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Mirae Asset Sharekhan Vs Monarch Networth Charges & AMC

Mirae Asset Sharekhan trading account opening charges is Rs 0 (Free) while Monarch Networth account opening changes is Rs 0 (Free). Mirae Asset Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Monarch Networth Demat Account AMC Charges is Rs 350 PA.

	Mirae Asset Sharekhan	Monarch Networth
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 400 (Free for 1st year)	Rs 350 PA

Mirae Asset Sharekhan Vs Monarch Networth 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 Monarch Networth brokerage charges for equity is 0.15% and intraday is 0.01%.

Account Type	Mirae Asset Sharekhan Classic Account	Monarch Networth General Plan
Fixed Charges
Equity Delivery	0.30% on market rate or minimum 1 paisa per share	0.15%
Equity Intraday	0.02% on market rate or minimum 1 paisa per share	0.01%
Equity Futures	0.02% per transaction value	Rs 15 per lot
Equity Options	Rs 39 per lot	Rs 15 per lot
Currency Futures	0.02% per transaction value	0.01%
Currency Options	Rs 5 per lot	Rs 15 per lot
Commodity Futures	0.02%	0.01%
Commodity Options	Rs 20 per lot	Rs 15 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: FREE account opening. Open an Instant Account & start investing with minimum brokerage along with benefit of research

Mirae Asset Sharekhan Vs Monarch Networth Brokerage Plan 2

	Mirae Asset Sharekhan	Monarch Networth
Account Type	Prepaid - Rs 1 Lakh	General Plan
Fixed Charges	Rs 1,00,000 per year
Equity Delivery	0.10%	0.15%
Equity Intraday	0.015%	0.01%
Equity Futures	0.015%	Rs 15 per lot
Equity Options	0.05% or Rs 63 per lot	Rs 15 per lot
Currency Futures	0.02% per transaction value	0.01%
Currency Options	Rs 5 per lot	Rs 15 per lot
Commodity Futures	0.02%	0.01%
Commodity Options	Rs 20 per lot	Rs 15 per lot
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Mirae Asset Sharekhan Vs Monarch Networth Brokerage Plan 3

	Mirae Asset Sharekhan	Monarch Networth
Account Type	Margin - Rs 1 Lakh	General Plan
Fixed Charges	Rs 1,00,000 margin
Equity Delivery	0.25%	0.15%
Equity Intraday	0.05%	0.01%
Equity Futures	0.05%	Rs 15 per lot
Equity Options	1% or Rs 70 per lot	Rs 15 per lot
Currency Futures	0.02% per transaction value	0.01%
Currency Options	Rs 5 per lot	Rs 15 per lot
Commodity Futures	0.02%	0.01%
Commodity Options	Rs 20 per lot	Rs 15 per lot
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Mirae Asset Sharekhan Charges Vs Monarch Networth

Minimum Brokerage	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	Rs 15 per lot
Other Charges
Call & Trade Charges	Rs 20
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Mirae Asset Sharekhan Vs Monarch Networth 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 Monarch Networth margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Mirae Asset Sharekhan	Monarch Networth
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 Monarch Networth Features

The trading platforms offered Mirae Asset Sharekhan include TradeTiger, Sharekhan Mobile. Monarch Networth offers trading software.

	Mirae Asset Sharekhan	Monarch Networth
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
Intraday Square-off Time	3:30 PM	3:20 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Pattern finder, Class room training
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Mirae Asset Sharekhan Vs Monarch Networth Review

Mirae Asset Sharekhan is rated of 5 based on 316 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.

	Mirae Asset Sharekhan	Monarch Networth
	316 Customer Reviews	0 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	Monarch Networth is Rated / 5 based on 0 customer reviews

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Mirae Asset Sharekhan Vs Monarch Networth Investment Options

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

Mirae Asset Sharekhan Vs Monarch Networth Order Type Offered

	Mirae Asset Sharekhan	Monarch Networth
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 Monarch Networth Suitable For Investor Type

	Mirae Asset Sharekhan	Monarch Networth
Casual Investor
Active Investor
Trader

Mirae Asset Sharekhan Vs Monarch Networth - Pros and Cons

	Mirae Asset Sharekhan	Monarch Networth
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.	FREE account opening! Open an Instant Account & start investing with minimum brokerage along with benefit of research.
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.	Free Account Opening Free account opening for all people. Client-First Approach. Focus on Value Creation. Tech-Savvy Platforms. This is a limited time offer. Open an instant account online and start trading today.
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	Monarch Networth Special Offer Monarch Networth (Equity Delivery: 0.15%) Free account opening for all people. Pay 0.01% for Equity Intraday trades. Open an instant Monarch Networth account  online and start trading today.
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