Upstox vs Sharekhan Comparison: 2024

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

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

Upstox vs Sharekhan Account Opening Charges: 2024

Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹249₹0
Trading Account AMC₹0₹0
Demat Account AMC₹300 per year (paid monthly)₹400 (Free for 1st year with trading account)

Upstox vs Sharekhan Brokerage Charges and Plans : 2024

Plan NameBasicClassic Account
Equity Delivery₹0 (FREE)0.50%
Equity Intraday₹20 per trade or 0.05% (whichever is lower)0.10%
Equity Futures₹20 per trade or 0.05% (whichever is lower)0.10%
Equity Options₹20 per trade or 0.05% (whichever is lower)₹50 per lot
Currency Futures₹20 per trade or 0.05% (whichever is lower)0.10%
Currency Options₹20 per trade or 0.05% (whichever is lower)₹30 per lot
Commodity Options₹20 per trade or 0.05% (whichever is lower)0.03%
Mutual FundN/AN/A

Upstox vs Sharekhan Margin / Exposure: 2024

Equity Delivery1x (no margin)Upto 5x
Equity IntradayBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27xUpto 10x
Equity FutureBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x2x
Equity OptionsBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3xNil
Currency FutureBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5xNil
Currency OptionsBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5xNil
Commodity FutureBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4xUpto 2x
Commodity OptionsN/AN/A

Upstox vs Sharekhan Currency Charges and Plans: 2024

Upstox charge ₹20 per trade or 0.05% (whichever is lower) for Currency Futures and ₹20 per trade or 0.05% (whichever is lower) for Currency Options whereas Sharekhan Charges 0.10% for Currency futures and ₹30 per lot for Currency options.

Upstox vs Sharekhan Commodity Charges and Plans: 2024

Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity and Sharekhan charge 0.03% for commodity.
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