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

ChargeIIFL SecuritiesSharekhan
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

ChargeIIFL SecuritiesSharekhan
Plan NameFlat Plan (FBP)Classic Account
Equity Delivery0.50%0.50%
Equity Intraday0.05%0.10%
Equity Futures0.05%0.10%
Equity Options1% of Premium or ₹100 per lot, whichever is high₹50 per lot
Currency Futures0.05%0.10%
Currency Options1% of Premium or ₹100 per lot, whichever is high₹30 per lot
Commodity OptionsFutures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high0.03%
Mutual FundN/AN/A

IIFL Securities vs Sharekhan Margin / Exposure: 2024

SegmentIIFL SecuritiesSharekhan
Equity DeliveryUpto 3xUpto 5x
Equity IntradayUpto 20xUpto 10x
Equity FutureUpto 3x2x
Equity OptionsUpto 3xNil
Currency FutureUpto 2xNil
Currency OptionsUpto 2xNil
Commodity FutureUpto 3xUpto 2x
Commodity OptionsN/AN/A

IIFL Securities vs Sharekhan Currency Charges and Plans: 2024

IIFL Securities charge 0.05% for Currency Futures and 1% of Premium or ₹100 per lot, whichever is high for Currency Options whereas Sharekhan Charges 0.10% for Currency futures and ₹30 per lot for Currency options.

IIFL Securities vs Sharekhan Commodity Charges and Plans: 2024

IIFL Securities charge Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high for commodity and Sharekhan charge 0.03% for commodity.
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