Wisdom Capital vs Sharekhan Comparison: 2024
About Wisdom Capital
Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.
Wisdom Capital: An Overview
A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.
Wisdom Capital provides 3 different brokerage plans:
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Freedom Plan
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Pro Plan
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Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
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
Wisdom Capital vs Sharekhan Account Opening Charges: 2024
| Charge | Wisdom Capital | Sharekhan |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹400 (Free for 1st year with trading account) |
Wisdom Capital vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Sharekhan |
|---|---|---|
| Plan Name | Ultimate Plan | Classic Account |
| Equity Delivery | 0.007% | 0.50% |
| Equity Intraday | 0.007% | 0.10% |
| Equity Futures | 0.005%\t | 0.10% |
| Equity Options | ₹ 15/Lot | ₹50 per lot |
| Currency Futures | ₹9 per executed order | 0.10% |
| Currency Options | ₹9 per executed order | ₹30 per lot |
| Commodity Options | 0.005% | 0.03% |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Sharekhan Margin / Exposure: 2024
| Segment | Wisdom Capital | Sharekhan |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | Upto 5x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 10x |
| Equity Future | 5x to 20x (as per brokerage plan) | 2x |
| Equity Options | 5x to 40x (as per brokerage plan) | Nil |
| Currency Future | 4x to 15x (as per brokerage plan) | Nil |
| Currency Options | 4x to 15x (as per brokerage plan) | Nil |
| Commodity Future | 5x to 20x (as per brokerage plan) | Upto 2x |
| Commodity Options | N/A | N/A |