Sharekhan Vs MDirect

Here we present 1 on 1 comparison of Sharekhan vs MDirect share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared Sharekhan vs MDirect's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.

Compare Sharekhan vs MDirect - Broker type and exchange supported
  Sharekhan Logo
Sharekhan
MDirect Logo
MDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX, NSEL BSE,NSE,MCX,NCDEX,MSEI
Broker Overview Sharekhan not just allows you to trade in all the market segments but also offers finest services like investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much ... Know more about Sharekhan MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price.
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Sharekhan vs MDirect - Trading and Demat Account Charges
  Sharekhan MDirect
Trading Account Opening Fees What is this parameter? Free(trading + Demat) Rs 500
Trading AMC What is this parameter? NIL Nil
Demat Account Opening Fees What is this parameter? Rs 0 Rs 200
Demat AMC What is this parameter? Rs 400(free for 1st year) RS 400/p.a - Waived for 1st year
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare Sharekhan vs MDirect - Plan Options
  Sharekhan MDirect
Monthly Plans What is this parameter? No No
Yearly Plans What is this parameter? No No
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Contact Broker / Request A Call Back

  Sharekhan MDirect
Contact / Request Call Back
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Brokerage Charges

Compare Sharekhan vs MDirect - Brokerage Charges
  Sharekhan MDirect
Plan Name What is this parameter? Classic Account Rs 18 Per Trader Plan
Plan Description What is this parameter? 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. Flat Rs 18 Per Trader Plan.
Equity Delivery What is this parameter? 0.5%(buy and sell side) Rs 18 per executed order
Equity Intraday What is this parameter? 0.1%(buy and sell side) Rs 18 or 0.01 % whichever is lower
Equity Futures What is this parameter? 0.1% on 1st leg and square off any other day Rs 18 per executed order
Equity Options What is this parameter? Rs 100/- per lot or 2.5% on premium (whichever is higher) Rs 18 per executed order
Currency Futures What is this parameter? 0.1% Rs 18 per executed order
Currency Options What is this parameter? Rs.30/- per lot or 2.5% on premium (whichever is h Rs 18 per executed order
Commodity Trading What is this parameter? 0.1% Rs 18 per executed order
Minimum Brokerage What is this parameter? Rs 20
Brokerage Calculator Brokerage Calculator for sharekhan Brokerage Calculator for mdirect
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Share Broker's Transaction/Turnover Charges

Compare Sharekhan vs MDirect - Transaction/Turnover Charges
  Sharekhan MDirect
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Futures What is this parameter? Rs 190 Per Cr Rs 350 Per Cr
Equity Options What is this parameter? Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures What is this parameter? Rs 100 Per Cr Rs 215 Per Cr
Currency Options What is this parameter? Rs 4000 Per Cr Rs 7000 Per Cr
Commodity What is this parameter? NA
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for mdirect
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Trading Features

Compare Sharekhan vs MDirect - Trading Feature and platform
  Sharekhan MDirect
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? Yes No
Combined Ledger for Equity and Commodity What is this parameter? Yes No
Intraday Square-off Time What is this parameter? 3:15 pm 3:15 pm
NRI Trading What is this parameter? Yes No
Other Features What is this parameter?
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Trading Platform

Compare Sharekhan vs MDirect - Trading Platform
  Sharekhan MDirect
Desktop Trading Platform What is this parameter? TradeTiger Nest Plus
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? No Yes
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? newtrade.sharekhan.com Mdirect Nest Plus
Mobile Site What is this parameter? Yes Yes
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? ShareMobile Mdirect
Android Mobile App What is this parameter? Yes Yes
iPhone Mobile App (IOS) What is this parameter? Yes Yes
Android Tablet App What is this parameter? Yes Yes
iPad App (IOS) What is this parameter? Yes Yes
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare Sharekhan vs MDirect - Rating
  Sharekhan MDirect
  174 Customer Reviews    Rate Sharekhan Customer Reviews    Rate MDirect
Fees Ratings 3.2
Trading Brokerage Rating 3.1
Trading Platform Usability 3.9
Customer Service Ratings 3.5
Overall Ratings Rated 3.6 stars
Broker Rating Sharekhan is Rated 3.6 / 5 based on 174 customer reviews
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Investment Services

Compare Sharekhan vs MDirect - Investment Options
  Sharekhan MDirect
Equity Cash and F&O What is this parameter? Yes Yes
Currency Deravitives What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Online IPO Application What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
ETF What is this parameter? Yes Yes
Banking What is this parameter? No No
Insurance What is this parameter? Yes No
Forex What is this parameter? No No
SIP Investment What is this parameter? Yes No
Other Investment Options What is this parameter? NA
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Customer Service Offered

Compare Sharekhan vs MDirect - Customer Service Offerance
  Sharekhan MDirect
24/7 Customer Service What is this parameter? No Yes
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? Yes Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? Yes Yes
Through Branches What is this parameter? Yes No
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Tips/Research/Reports Published

Compare Sharekhan vs MDirect - Research, Tips Reports
  Sharekhan MDirect
Research Mutual Funds What is this parameter? Yes No
Research Equity Reports What is this parameter? Yes Yes
Research ETF What is this parameter? Yes No
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Demat Account

Compare Sharekhan vs MDirect - Demat Account
  Sharekhan MDirect
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) Tariff : Rs.p.a-[A:400,B:500,C:350,D:Nil,E:100,F:500,H:1000,G:Nil(holding Value <= Rs.50000)or 100(holding Value from Rs.50001 to Rs.200000)or 400(holding Value >Rs.200000)] will be levied from that date onwards & rest of charges will be levied as per regular scheme.*A,C,E&H Free for the 1st Year.
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)
Statutory charges Actual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN) A&B:Sales SK :0 Else 0.03% of value of tran(min Rs.30),C&D:Sales SK Rs. 6 Per tran Else 0.03% of value of tran(min Rs.30),E & H:Sales SK 0.03% of value of tran (E:min Rs.29,H:min Rs.30) Else 0.03% of value of tran(min Rs.49),F:0.03% of value of tran(min Rs.30),G:0.03% of value of tran(min Rs.49)
Demat Rs. 5 per certificate (Min Rs. 50 per request for Tariff A,B,C,D,E,F & H) (Min Rs. 100 per request for Tariff G )
Remat Rs.50 per certificate or Rs.50 for every hundred securities
Pledge Creation 0.03 % of the value of the Transaction (Min Rs. 100 per transaction)
Pledge Creation Confirmation Nil
Pledge Closure Nil
Pledge Closure Confirmation Nil
Pledge Invocation Nil
Failed Instruction Charges Nil
Other Charges 1) Freeze /De-freeze - Rs. 25 per request 2) Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum Rs. 100) 3)Client Master changes Rs.30 per request for Tariff G

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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs MDirect - Special Offers and Promotion
  Sharekhan MDirect
Likes
  • Free call and trade facility.
  • Most powerful and robust trading terminal-'Trade Tiger'.
  • Share transfer from and to the DP account is free.
  • Huge network.
  • Supports commodity trading.

More Advantages...

  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

More Advantages...

Dislikes
  • Doesn't offer 3-in-1 account.
  • Minimum brokerage charges which makes it difficult to trade in penny stocks.
  • High brokerage so not well fit for day traders.
  • Classic account doesn't facilitate to trade in commodities.
  • No referral program
  • No advance tools or technology
  • No monthly and yearly plans
  • doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
  • Margin funding and NRI tradingis not available

More Disadvantages...

Special Offers/Promo
Enquire about Sharekhan Enquire about MDirect

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Fix Price - Rs 15 Per Trade


Rs 899/Month,8999/Year for
Equity Cash and F&O

Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Max Rs 20 Per Trade for F&O

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



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