IDBI Direct vs Sharekhan Comparison: 2024

About IDBI Direct

IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.

As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation. 

As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.  

Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by

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

IDBI Direct vs Sharekhan Account Opening Charges: 2024

ChargeIDBI DirectSharekhan
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹500 (one-time)₹0
Trading Account AMC₹0₹0
Demat Account AMC₹450 p.a.₹400 (Free for 1st year with trading account)

IDBI Direct vs Sharekhan Brokerage Charges and Plans : 2024

ChargeIDBI DirectSharekhan
Plan NameStandard PlanClassic Account
Equity Delivery0.50%0.50%
Equity Intraday0.05%0.10%
Equity Futures0.05%0.10%
Equity Options₹100 per lot₹50 per lot
Currency FuturesN/A0.10%
Currency OptionsN/A₹30 per lot
Commodity OptionsN/A0.03%
Mutual FundN/AN/A

IDBI Direct vs Sharekhan Margin / Exposure: 2024

SegmentIDBI DirectSharekhan
Equity DeliveryNilUpto 5x
Equity IntradayUpto 4xUpto 10x
Equity FutureNil2x
Equity OptionsNilNil
Currency FutureN/ANil
Currency OptionsN/ANil
Commodity FutureN/AUpto 2x
Commodity OptionsN/AN/A
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