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About Mirae Asset Sharekhan
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 investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), Sharekhan App and Investiger App (available for Android and iOS devices).
Designed for serious Investors and Traders... 
About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency...
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 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | NSE, BSE, MCX and NCDEX |
| Year of Incorporation | 2000 | 2010 |
| Number of Branches | 2800 | 22 |
| Open Zerodha Account |
Mirae Asset Sharekhan trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 0. Mirae Asset Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Zerodha Demat Account AMC Charges is Rs 300.
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 400 (Free for 1st year) | Rs 300 |
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 Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.
| Account Type | Mirae Asset Sharekhan Classic Account | Zerodha Flat Brokerage Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.30% on market rate or minimum 1 paisa per share | Rs 0 (Free) |
| Equity Intraday | 0.02% on market rate or minimum 1 paisa per share | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | 0.02% per transaction value | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | Rs 39 per lot | Rs 20 per executed order |
| Currency Futures | 0.02% per transaction value | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 5 per lot | Rs 20 per executed order |
| Commodity Futures | 0.02% | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 20 per lot | Rs 20 per executed order |
| 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 | |
|---|---|---|
| Account Type | Prepaid - Rs 1 Lakh | Flat Brokerage Plan |
| Fixed Charges | Rs 1,00,000 per year | |
| Equity Delivery | 0.10% | Rs 0 (Free) |
| Equity Intraday | 0.015% | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | 0.015% | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | 0.05% or Rs 63 per lot | Rs 20 per executed order |
| Currency Futures | 0.02% per transaction value | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 5 per lot | Rs 20 per executed order |
| Commodity Futures | 0.02% | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 20 per lot | Rs 20 per executed order |
| Open Zerodha Account |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Account Type | Margin - Rs 1 Lakh | Flat Brokerage Plan |
| Fixed Charges | Rs 1,00,000 margin | |
| Equity Delivery | 0.25% | Rs 0 (Free) |
| Equity Intraday | 0.05% | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | 0.05% | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | 1% or Rs 70 per lot | Rs 20 per executed order |
| Currency Futures | 0.02% per transaction value | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 5 per lot | Rs 20 per executed order |
| Commodity Futures | 0.02% | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 20 per lot | Rs 20 per executed order |
| Open Zerodha Account |
| Minimum Brokerage | Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share | 0.03% in Intraday and F&O |
| Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | |
| Call & Trade Charges | Rs 20 | Rs 50 per executed order |
| Open Zerodha Account |
Mirae Asset Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Zerodha margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| 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) |
| Open Zerodha Account |
The trading platforms offered Mirae Asset Sharekhan include TradeTiger, Sharekhan Mobile. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| 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 | Kite Web, Kite Mobile for Android/iOS and Coin |
| Intraday Square-off Time | 3:30 PM | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Pattern finder, Class room training | Direct Mutual Funds, APIs for Algo Trading |
| Open Zerodha Account |
Mirae Asset Sharekhan is rated of 5 based on 316 customer reviews whereas Zerodha is rated of 5 based on 492 customer reviews.
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
316 Customer Reviews  | 492 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 | Zerodha is Rated 3.6 / 5 based on 492 customer reviews |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| 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 | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Zerodha Account |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Mirae Asset Sharekhan | Zerodha | |
|---|---|---|
| Pros |
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| Cons |
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| Reviews | ||
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Zerodha Special 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
