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ICICIDirect Vs Sharekhan: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect ranges between Rs. 20 while the brokerage of Sharekhan ranges between 0.1 to 0.5%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for ICICIDirect is 29,08,417 where number of active customer for Sharekhan is 7,68,586. ICICIDirect is serving more customer compare to Sharekhan.

Here we present side-by-side comparison of ICICIDirect vs Sharekhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Sharekhan'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 ICICIDirect vs Sharekhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared ICICIDirect vs Sharekhan'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 ICICIDirect vs Sharekhan on Service

  ICICIDirect Compare
ICICIDirect
Sharekhan Compare
Sharekhan
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 2.5 stars Rated 2.5 stars
Trading Platform Rated 4.5 stars Rated 4.5 stars
Investments Offering Rated 5 stars Rated 5 stars
Customer Service Rated 4 stars Rated 4 stars
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 29,08,417 7,68,586
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect Sharekhan is part of the top 10 brokers in India serving 7.5 lakh+ active customers. Powerful Trade Tiger desktop trading terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated ...Know more about Sharekhan
Broker Enquiry Request call back from Zerodha Request call back from Sharekhan
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Account Opening Charges and AMC

Compare ICICIDirect vs Sharekhan on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Sharekhan on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where Sharekhan charges Rs 400 PA (Waived for first 3 year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Sharekhan
Charges ICICIDirect Sharekhan
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 400 PA (Waived for first 3 year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Sharekhan on Plan Options

Plans are the most important feature you look when compare ICICIDirect with Sharekhan. 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 ICICIDirect with Sharekhan on Plan Options
Plan Types ICICIDirect Sharekhan
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Sharekhan
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Sharekhan on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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.

Brokerage Charges - Compare ICICIDirect with Sharekhan
Brokerage Charges Compare ICICIDirect Sharekhan
Plan Name NEO Flat Discount Brokerage Plan Classic Trading Plan (Percentage Based)
Equity Delivery 0.55% 0.5% or 50 paisa
Equity Intraday Flat Rs. 20 per order 0.1% or 10 paisa
Equity Futures Free (Rs. 0 brokerage) 0.1% or 10 paisa
Equity Options Flat Rs. 20 per order 2.5% of Premium or Rs 250 per lot whichever is high
Currency Futures Flat Rs. 20 per order 0.1% or 10 paisa
Currency Options Flat Rs. 20 per order 2.5% of Premium or Rs 30 per lot whichever is high
Commodity Trading Flat Rs. 20 per order 0.1% or 10 paisa
Minimum Brokerage Rs 35 per trade Rs 20
Hidden Charges Yes No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Free
Auto Square off Charges First 20 call free and Rs 25 there onwards. Free
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Sharekhan
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Share Broker's Transaction Charges

Compare ICICIDirect vs Sharekhan on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Sharekhan
Transaction Charges Compare ICICIDirect Sharekhan
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 100 Per Cr Rs 100 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for sharekhan
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Account Features

Compare ICICIDirect vs Sharekhan on Account Features

Compare ICICIDirect with Sharekhan on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where Sharekhan offers only 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 - ICICIDirect with Sharekhan
Account Features Compare ICICIDirect Sharekhan
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect 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 No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Sharekhan on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Sharekhan. 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 ICICIDirect with Sharekhan
Trading Platform Compare ICICIDirect Sharekhan
Desktop Trading Platform Trade Racer TradeTiger
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://www.sharekhan.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Sharekhan
Mobile Trading App Demo ICICI direct Mobile Demo Sharekhan Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Sharekhan Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Sharekhan 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 ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Sharekhan
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Sharekhan
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Sharekhan
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for sharekhan

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Broker Ratings by Users

Compare ICICIDirect vs Sharekhan on User Rating

  ICICIDirect Sharekhan
  266 Customer Reviews    Rate ICICIDirect 184 Customer Reviews    Rate Sharekhan
Fees Ratings 2.4 3.2
Trading Brokerage Rating 1.8 3.1
Trading Platform Usability 3.3 3.9
Customer Service Ratings 2.8 3.5
Overall Ratings Rated 2.5 stars Rated 3.6 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 266 customer reviews Sharekhan is Rated 3.6 / 5 based on 184 customer reviews
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Investment Offerings

Compare ICICIDirect vs Sharekhan on Investment Offerings

Compare ICICIDirect with Sharekhan 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 - Sharekhan offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. 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 ICICIDirect with Sharekhan
Investment Offerings Compare ICICIDirect Sharekhan
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs Sharekhan on Order Types

Order Type - Compare ICICIDirect with Sharekhan 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) - Sharekhan provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare 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 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- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

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

Compare ICICIDirect vs Sharekhan on Customer Service

Compare ICICIDirect with Sharekhan 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 ICICIDirect with Sharekhan
Customer Service Compare ICICIDirect Sharekhan
24/7 Customer Service ICICIDirect vs Sharekhan - 24x7 customer support No No
Email Support ICICIDirect vs Sharekhan - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Sharekhan - Onine Live Chat No Yes
Phone Support ICICIDirect vs Sharekhan - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Sharekhan - Toll Free Number No Yes
Through Branches ICICIDirect vs Sharekhan - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Sharekhan - Customer Care Number 1860 123 1122 1800227500
Account Opening Process ICICIDirect vs Sharekhan - Account Opening Process Online Offline
Customer Support Email ICICIDirect vs Sharekhan - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Sharekhan - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.sharekhan.com/help/hello
Head Office Address ICICIDirect vs Sharekhan - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai – 400020
Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH– 400042
Website ICICIDirect vs Sharekhan - Company Website https://www.icicidirect.com https://www.sharekhan.com
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Tips/Research/Reports Published

Compare ICICIDirect vs Sharekhan on Research Reports, Tips

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

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

Compare ICICIDirect vs Sharekhan on Demat Account

Compare ICICIDirect with Sharekhan 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 Sharekhan is ₹500 pa where for ICICIDirect is ₹700 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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Sharekhan is 0.03% (Min ₹30) + ₹5.50 (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 ICICIDirect with Sharekhan
  ICICIDirect Sharekhan
DP Source CDSL CDSL
DP ID ICICIDirect vs Sharekhan - DP ID 14300 36000
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹500 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)
Statutory charges Nil Actual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges)
Demat ₹50 per set up ₹5 per certificate (Min 50 per request)
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹50 per certificate or ₹50 for every hundred securities
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.03% (Min ₹100)
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) Nil
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil 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

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Sharekhan on Special Offers and Promotion

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

Compare ICICIDirect vs Sharekhan on Special Offers and Promotion
  ICICIDirect Sharekhan
Pay In and Pay Out Options ICICIDirect vs Sharekhan - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
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 ICICIDirect vs Sharekhan - Payout Time Instant to ICICI Bank. Max 24 hrs except bank holidays
Bank Supported and Charges ICICIDirect vs Sharekhan - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 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...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Direct mutual fund schemes are unavailable on the InstaMF platform.
  • Its fee structure is not transparent.

Detail Review...

Special Offers/Promo Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Get Free Trading + Demat Account (Rs 1150 waived on account opening) for a limited time.
Enquiry Open Zerodha Account Now>> Open Sharekhan Account Now>>

Last Updated on 2022-08-08T03:12:44+00:00