ICICI Direct vs Sharekhan Comparison: 2024
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
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
ICICI Direct vs Sharekhan Account Opening Charges: 2024
| Charge | ICICI Direct | Sharekhan |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹400 (Free for 1st year with trading account) |
ICICI Direct vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Sharekhan |
|---|---|---|
| Plan Name | I-Secure Plan | Classic Account |
| Equity Delivery | 0.55% | 0.50% |
| Equity Intraday | 0.275% | 0.10% |
| Equity Futures | 0.050% | 0.10% |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹50 per lot |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | 0.10% |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹30 per lot |
| Commodity Options | N/A | 0.03% |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Sharekhan Margin / Exposure: 2024
| Segment | ICICI Direct | Sharekhan |
|---|---|---|
| Equity Delivery | 5x | Upto 5x |
| Equity Intraday | Upto 25x | Upto 10x |
| Equity Future | 4x | 2x |
| Equity Options | 2x for shorting | Nil |
| Currency Future | N/A | Nil |
| Currency Options | N/A | Nil |
| Commodity Future | N/A | Upto 2x |
| Commodity Options | N/A | N/A |