SBIcap Securities vs Zerodha Comparison: 2024
About SBIcap Securities
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
About Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
SBIcap Securities vs Zerodha Account Opening Charges: 2024
| Charge | SBIcap Securities | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹850 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹350 | ₹300 per year |
SBIcap Securities vs Zerodha Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | Zerodha |
|---|---|---|
| Plan Name | eZ-trade Plan | Flat Brokerage Plan |
| Equity Delivery | 0.50% | ₹0 (Free) |
| Equity Intraday | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹100 per lot | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | 0.03% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹30 per lot | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | NA | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
SBIcap Securities vs Zerodha Margin / Exposure: 2024
| Segment | SBIcap Securities | Zerodha |
|---|---|---|
| Equity Delivery | 2x | 1x (no margin) |
| Equity Intraday | Upto 5x | Up to 20x (based on the stock) |
| Equity Future | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |