IIFL Securities vs Sharekhan Comparison: 2024
About IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
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
IIFL Securities vs Sharekhan Account Opening Charges: 2024
| Charge | IIFL Securities | Sharekhan |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹750 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 per year | ₹400 (Free for 1st year with trading account) |
IIFL Securities vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | IIFL Securities | Sharekhan |
|---|---|---|
| Plan Name | Flat Plan (FBP) | Classic Account |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.10% |
| Equity Futures | 0.05% | 0.10% |
| Equity Options | 1% of Premium or ₹100 per lot, whichever is high | ₹50 per lot |
| Currency Futures | 0.05% | 0.10% |
| Currency Options | 1% of Premium or ₹100 per lot, whichever is high | ₹30 per lot |
| Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | 0.03% |
| Mutual Fund | N/A | N/A |
IIFL Securities vs Sharekhan Margin / Exposure: 2024
| Segment | IIFL Securities | Sharekhan |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 5x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Upto 3x | 2x |
| Equity Options | Upto 3x | Nil |
| Currency Future | Upto 2x | Nil |
| Currency Options | Upto 2x | Nil |
| Commodity Future | Upto 3x | Upto 2x |
| Commodity Options | N/A | N/A |