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Sharekhan Vs Reliance Securities: Which one is better?

Both the brokers are registered with SEBI. Sharekhan offers investmenet in Equity, F&O, Currency and Commodities, where Reliance Securities offers investment in Equity, F&O and Currency only. The brokerage of Sharekhan ranges between 0.1 to 0.5% while the brokerage of Reliance Securities ranges between 0.05 - 0.50%. Both the brokers are Full Service brokers. Sharekhan is having overall higher rating compare to Reliance Securities. Sharekhan is rated 4 out of 5 where Reliance Securities is rated only 3.5 out of 5. Number of active customer for Sharekhan is 6,65,129 where number of active customer for Reliance Securities is 74,770. Sharekhan is serving more customer compare to Reliance Securities.

Here we present side-by-side comparison of Sharekhan vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Sharekhan vs Reliance Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Sharekhan vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Sharekhan vs Reliance Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Sharekhan vs Reliance Securities on Service

  Sharekhan Compare
Sharekhan
Reliance Securities Compare
Reliance Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 6,65,129 74,770
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ...Know more about Reliance Securities
Broker Enquiry Request call back from Sharekhan Request call back from Zerodha
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Account Opening Charges and AMC

Compare Sharekhan vs Reliance Securities on Trading & Demat Account Opening Charges

Comparison of Sharekhan with Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Reliance Securities
Charges Sharekhan Reliance Securities
Trading Account Opening Fees Free Rs 950
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 400 PA| Rs. 2,500 (Lifetime Free AMC)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Reliance Securities on Plan Options

Plans are the most important feature you look when compare Sharekhan with Reliance Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Sharekhan with Reliance Securities on Plan Options
Plan Types Sharekhan Reliance Securities
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Sharekhan Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Reliance Securities on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

Brokerage Charges - Compare Sharekhan with Reliance Securities
Brokerage Charges Compare Sharekhan Reliance Securities
Plan Name Sharkehan Brokerage Plan R-FIXED Online Brokerage Plan (Percentage Based)
Equity Delivery 0.30% 0.50%
Equity Intraday 0.02% 0.05%
Equity Futures 0.02% 0.05%
Equity Options Rs 20 per lot Rs 100 Per Lot
Currency Futures 0.02% 0.05%
Currency Options Rs 5 per lot Rs 100 Per Lot
Commodity Trading Rs 20 per lot Future: 0.05%| Options: Rs 100 per lot
Minimum Brokerage Rs 20 5 paise per share
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Free Rs 20 per call (Free First 20 call per month)
Auto Square off Charges Free Free First 20 call PM and Rs 20 their onwards.
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Reliance Securities
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Share Broker's Transaction Charges

Compare Sharekhan vs Reliance Securities on Transaction Charges

Compare Sharekhan with Reliance Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare Sharekhan with Reliance Securities
Transaction Charges Compare Sharekhan Reliance Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for reliance-securities
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Account Features

Compare Sharekhan vs Reliance Securities on Account Features

Compare Sharekhan with Reliance Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Sharekhan with Reliance Securities
Account Features Compare Sharekhan Reliance Securities
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. No Sharekhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL Mobile Application: Rmobile Xpress
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Trading Platform

Compare Sharekhan vs Reliance Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Reliance Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Sharekhan with Reliance Securities
Trading Platform Compare Sharekhan Reliance Securities
Desktop Trading Platform TradeTiger InstaXpress
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ http://tick.rsec.co.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan TICK PRO
Mobile Trading App Demo Sharekhan Demo TICK PRO Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod TICK PRO Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan Download iOS TICK PRO Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for Reliance Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Reliance Securities
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Reliance Securities
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for reliance-securities

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Broker Ratings by Users

Compare Sharekhan vs Reliance Securities on User Rating

  Sharekhan Reliance Securities
  184 Customer Reviews    Rate Sharekhan 52 Customer Reviews    Rate Reliance Securities
Fees Ratings 3.2 3.5
Trading Brokerage Rating 3.1 3.4
Trading Platform Usability 3.9 3.3
Customer Service Ratings 3.5 3.4
Overall Ratings 3.6 3.4
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Offerings

Compare Sharekhan vs Reliance Securities on Investment Offerings

Compare Sharekhan with Reliance Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

Investment Offerings - Compare Sharekhan with Reliance Securities
Investment Offerings Compare Sharekhan Reliance Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs Reliance Securities on Order Types

Order Type - Compare Sharekhan with Reliance Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Sharekhan offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Sharekhan with Reliance Securities
Order Type Compare Sharekhan Reliance Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Sharekhan vs Reliance Securities on Customer Service

Compare Sharekhan with Reliance Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Sharekhan with Reliance Securities
Customer Service Compare Sharekhan Reliance Securities
24/7 Customer Service Sharekhan vs Reliance Securities - 24x7 customer support No No
Email Support Sharekhan vs Reliance Securities - Email Support Yes Yes
Onine Live Chat Sharekhan vs Reliance Securities - Onine Live Chat Yes Yes
Phone Support Sharekhan vs Reliance Securities - Phone Support Yes Yes
Toll Free Number Sharekhan vs Reliance Securities - Toll Free Number Yes Yes
Through Branches Sharekhan vs Reliance Securities - Through Branches Yes Yes
Customer Care Number Sharekhan vs Reliance Securities - Customer Care Number 1800227500 022 41596000 | 022 62436000
Account Opening Process Sharekhan vs Reliance Securities - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Reliance Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs Reliance Securities - Knowledge Center/Education https://www.sharekhan.com/help/hello https://www.reliancesmartmoney.com/Insights
Head Office Address Sharekhan vs Reliance Securities - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Website Sharekhan vs Reliance Securities - Company Website https://www.sharekhan.com https://www.reliancesmartmoney.com
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Tips/Research/Reports Published

Compare Sharekhan vs Reliance Securities on Research Reports, Tips

Compare Sharekhan with Reliance Securities on research reports and tips provided by the broker.

Research Reports - Compare Sharekhan with Reliance Securities
  Sharekhan Reliance Securities
Research Mutual Funds Sharekhan vs Reliance Securities - Research Mutual Funds Yes Yes
Research Equity Reports Sharekhan vs Reliance Securities - Research Equity Reports Yes Yes
Research ETF Sharekhan vs Reliance Securities - Research ETF Yes Yes
Daily Market Report Sharekhan vs Reliance Securities - Daily Market Report Yes Yes
Free Tips Sharekhan vs Reliance Securities - Free Tips Yes Yes
Quarterly Result Analysis Sharekhan vs Reliance Securities - Quarterly Results Yes Yes
News Alerts Sharekhan vs Reliance Securities - Yes Yes
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Demat Account

Compare Sharekhan vs Reliance Securities on Demat Account

Compare Sharekhan with Reliance Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Reliance Securities is ₹300 pa where for Sharekhan is ₹500 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) where for Reliance Securities is 0.04% (Min ₹27) + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Sharekhan with Reliance Securities
  Sharekhan Reliance Securities
DP Source CDSL CDSL
DP ID Sharekhan vs Reliance Securities - DP ID 36000 41400
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹300 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) Nil
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges
Demat ₹5 per certificate (Min 50 per request) ₹5 per certificate + ₹30 request charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation 0.03% (Min ₹100) 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Invocation Nil 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Reliance Securities on Special Offers and Promotion

Compare Sharekhan with Reliance Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs Reliance Securities on Special Offers and Promotion
  Sharekhan Reliance Securities
Pay In and Pay Out Options Sharekhan vs Reliance Securities - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Sharekhan vs Reliance Securities - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Sharekhan vs Reliance Securities - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events for beginners.

Detail Review...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • Detail Review...

  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

Detail Review...

Special Offers/Promo
Enquiry Open Sharekhan Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-03-04T07:37:57+00:00