Fyers vs Sharekhan Comparison: 2024
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
About Sharekhan
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
Fyers vs Sharekhan Account Opening Charges: 2024
| Charge | Fyers | Sharekhan |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹400 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹400 (Free for 1st year with trading account) |
Fyers vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | Fyers | Sharekhan |
|---|---|---|
| Plan Name | Flat Fee Plan | Classic Account |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | 0.10% |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | 0.10% |
| Equity Options | ₹20 per executed order | ₹50 per lot |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | 0.10% |
| Currency Options | ₹20 per executed order | ₹30 per lot |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | 0.03% |
| Mutual Fund | N/A | N/A |
Fyers vs Sharekhan Margin / Exposure: 2024
| Segment | Fyers | Sharekhan |
|---|---|---|
| Equity Delivery | 1x | Upto 5x |
| Equity Intraday | Upto 5x | Upto 10x |
| Equity Future | Upto 4x | 2x |
| Equity Options | Upto 5x | Nil |
| Currency Future | Upto 3x | Nil |
| Currency Options | Upto 3x | Nil |
| Commodity Future | Upto 3x | Upto 2x |
| Commodity Options | Upto 3x | N/A |