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
| Charge | IDBI Direct | Sharekhan |
|---|---|---|
| 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
| Charge | IDBI Direct | Sharekhan |
|---|---|---|
| Plan Name | Standard Plan | Classic Account |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.10% |
| Equity Futures | 0.05% | 0.10% |
| Equity Options | ₹100 per lot | ₹50 per lot |
| Currency Futures | N/A | 0.10% |
| Currency Options | N/A | ₹30 per lot |
| Commodity Options | N/A | 0.03% |
| Mutual Fund | N/A | N/A |
IDBI Direct vs Sharekhan Margin / Exposure: 2024
| Segment | IDBI Direct | Sharekhan |
|---|---|---|
| Equity Delivery | Nil | Upto 5x |
| Equity Intraday | Upto 4x | Upto 10x |
| Equity Future | Nil | 2x |
| Equity Options | Nil | Nil |
| Currency Future | N/A | Nil |
| Currency Options | N/A | Nil |
| Commodity Future | N/A | Upto 2x |
| Commodity Options | N/A | N/A |