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Sharekhan Vs Alice Blue: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Sharekhan Max 0.1 to 0.5% per trade while the brokerage of Alice Blue ranges between Rs 15. Sharekhan is a Full Service Broker where Alice Blue is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Sharekhan is 6,64,853 where number of active customer for Alice Blue is 1,63,442. Sharekhan is serving more customer compare to Alice Blue.

Here we present side-by-side comparison of Sharekhan vs Alice Blue 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 Alice Blue'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 Alice Blue 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 Alice Blue'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 Alice Blue on Service

  Sharekhan Compare
Sharekhan
Alice Blue Compare
Alice Blue
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 BSE, NSE, MCX, NCDEX
Active Clients 6,64,853 1,63,442
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 Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders.
Broker Enquiry Request call back from Sharekhan Request call back from Alice Blue
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Account Opening Charges and AMC

Compare Sharekhan vs Alice Blue on Trading & Demat Account Opening Charges

Comparison of Sharekhan with Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Alice Blue
Charges Sharekhan Alice Blue
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Alice Blue on Plan Options

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

Account Opening

  Sharekhan Alice Blue
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Alice Blue 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.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

Brokerage Charges - Compare Sharekhan with Alice Blue
Brokerage Charges Compare Sharekhan Alice Blue
Plan Name Sharkehan Brokerage Plan F15 Plan
Equity Delivery 0.30% Free
Equity Intraday 0.02% 0.05% or Rs 15 whichever is lower
Equity Futures 0.02% 0.05% or Rs 15 whichever is lower
Equity Options Rs 20 per lot Flat Fee Rs 15
Currency Futures 0.02% 0.05% or Rs 15 whichever is lower
Currency Options Rs 5 per lot Flat Fee Rs 15
Commodity Trading Rs 20 per lot Flat Fee Rs 15
Minimum Brokerage Rs 20 NA
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges Free Rs 50 per order + GST
Auto Square off Charges Free Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare Sharekhan vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare Sharekhan with Alice Blue
Transaction Charges Compare Sharekhan Alice Blue
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 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for alice-blue
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Account Features

Compare Sharekhan vs Alice Blue on Account Features

Compare Sharekhan with Alice Blue 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 - Alice Blue offers Algo Trading where Sharekhan doesn't offers Algo Trading. Margin Funding - Sharekhan offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Sharekhan with Alice Blue
Account Features Compare Sharekhan Alice Blue
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 Yes
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Sharekhan vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Alice Blue. 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 Alice Blue
Trading Platform Compare Sharekhan Alice Blue
Desktop Trading Platform TradeTiger ANT - Analyse and Trade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan ANT Mobile
Mobile Trading App Demo Sharekhan Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan Download iOS ANT Mobile 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 Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare Sharekhan vs Alice Blue on User Rating

  Sharekhan Alice Blue
  184 Customer Reviews    Rate Sharekhan 8 Customer Reviews    Rate Alice Blue
Fees Ratings 3.2 2.6
Trading Brokerage Rating 3.1 3.4
Trading Platform Usability 3.9 2.4
Customer Service Ratings 3.5 2.6
Overall Ratings 3.6 2.1
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare Sharekhan vs Alice Blue on Investment Offerings

Compare Sharekhan with Alice Blue 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) - Sharekhan provide PMS Service where Alice Blue doesn't offer

Investment Offerings - Compare Sharekhan with Alice Blue
Investment Offerings Compare Sharekhan Alice Blue
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 No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs Alice Blue on Order Types

Order Type - Compare Sharekhan with Alice Blue 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 Alice Blue doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Sharekhan with Alice Blue
Order Type Compare Sharekhan Alice Blue
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 Alice Blue on Customer Service

Compare Sharekhan with Alice Blue 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 Alice Blue
Customer Service Compare Sharekhan Alice Blue
24/7 Customer Service Sharekhan vs Alice Blue - 24x7 customer support No No
Email Support Sharekhan vs Alice Blue - Email Support Yes No
Onine Live Chat Sharekhan vs Alice Blue - Onine Live Chat Yes Yes
Phone Support Sharekhan vs Alice Blue - Phone Support Yes Yes
Toll Free Number Sharekhan vs Alice Blue - Toll Free Number Yes No
Through Branches Sharekhan vs Alice Blue - Through Branches Yes Yes
Customer Care Number Sharekhan vs Alice Blue - Customer Care Number 1800227500 08035215000/080-45490850
Account Opening Process Sharekhan vs Alice Blue - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs Alice Blue - Knowledge Center/Education https://www.sharekhan.com/help/hello https://tradeschool.aliceblueonline.com/
Head Office Address Sharekhan vs Alice Blue - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website Sharekhan vs Alice Blue - Company Website https://www.sharekhan.com https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare Sharekhan vs Alice Blue on Research Reports, Tips

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

Research Reports - Compare Sharekhan with Alice Blue
  Sharekhan Alice Blue
Research Mutual Funds Sharekhan vs Alice Blue - Research Mutual Funds Yes No
Research Equity Reports Sharekhan vs Alice Blue - Research Equity Reports Yes No
Research ETF Sharekhan vs Alice Blue - Research ETF Yes No
Daily Market Report Sharekhan vs Alice Blue - Daily Market Report Yes Yes
Free Tips Sharekhan vs Alice Blue - Free Tips Yes No
Quarterly Result Analysis Sharekhan vs Alice Blue - Quarterly Results Yes No
News Alerts Sharekhan vs Alice Blue - Yes No
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Demat Account

Compare Sharekhan vs Alice Blue on Demat Account

Compare Sharekhan with Alice Blue 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 Alice Blue is ₹400 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 Alice Blue is 0.04% of the value of the transaction.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 Alice Blue
  Sharekhan Alice Blue
DP Source CDSL CDSL
DP ID Sharekhan vs Alice Blue - DP ID 36000 83500
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹400 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) Rs 0
Statutory charges Actual Stamp Paper Charges Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% of the value of the transaction
Demat ₹5 per certificate (Min 50 per request) ₹10 per certificate + ₹50 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹30 per certificate + CDSL charges
Pledge Creation 0.03% (Min ₹100) ₹20 + CDSL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹20 + CDSL charges
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹20 + CDSL charges
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 Alice Blue on Special Offers and Promotion

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

Compare Sharekhan vs Alice Blue on Special Offers and Promotion
  Sharekhan Alice Blue
Pay In and Pay Out Options Sharekhan vs Alice Blue - 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 funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Sharekhan vs Alice Blue - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Sharekhan vs Alice Blue - Bank Supported and Charges Info Not Available Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
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...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

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 NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

Special Offers/Promo
Enquiry Open Sharekhan Account Now>> Open Alice Blue Account Now>>

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