Sharekhan Vs Elite Wealth
Sharekhan
Sharekhan is Discount Broker. Its Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
Sharekhan Vs Elite Wealth - Broker Details
| Sharekhan | Elite Wealth | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2000 | 1990 |
| Exchanges | NSE, BSE, MCX and NCDEX. | NSE, BSE, MCX and NCDEX |
| Branches | 153+ | N/A |
| Brokerage | 0.03% | 0.03% |
| Broker Type | Discount Broker | Full Service Broker |
Sharekhan Vs Elite Wealth - Account Opening & AMC Charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹400 (from 2nd year) | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Sharekhan Vs Elite Wealth - Brokerage charges & Plans
| Sharekhan | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.03% per transaction value | 0.03% |
| Currency Futures | 0.03% per transaction value | 0.03% |
| Equity Delivery | 0.30% on market rate or minimum 10 paisa per share | 0.33% |
| Equity Options | ₹60/ Lot | ₹33 per Lot |
| Commodity Options | ₹60/ Lot | 0.03% |
| Equity Futures | 0.03% per transaction value | 0.03% |
| Currency Options | ₹20/ Lot | ₹33 per Lot |
| Fixed Charges | ₹1,00,000/ Year | 0.03% |
| Equity Intraday | 0.03% per transaction value | 0.03% |
Sharekhan Vs Elite Wealth - Other Charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | ₹1,00,000/ Year | 0.03% |
| Minimum Brokerage | 0.10% | 0.03% |
Sharekhan Vs Elite Wealth - Transaction Charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| Currency Options | NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium) | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium) | NSE: 0.053% on Premium value |
| Commodity | MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%) | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%) | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Sharekhan Vs Elite Wealth - Margin (Exposure)
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity Options | 1 time (SPAN + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
Sharekhan Vs Elite Wealth - Features
| Sharekhan | Elite Wealth | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app) | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Sharekhan Vs Elite Wealth - Review & Rating
| Sharekhan | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Sharekhan Vs Elite Wealth - Request a call back from Broker
| Sharekhan | Elite Wealth | |
|---|---|---|
Sharekhan Vs Elite Wealth - Investment Options
| Sharekhan | Elite Wealth | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Sharekhan Vs Elite Wealth - Order Type
| Sharekhan | Elite Wealth | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Sharekhan Vs Elite Wealth - Research & Report
| Sharekhan | Elite Wealth | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Sharekhan Vs Elite Wealth - Daily Market Report
| Sharekhan | Elite Wealth | |
|---|---|---|
| Daily Market Reports & News |
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Sharekhan Vs Elite Wealth - Suitable For Investor
| Sharekhan | Elite Wealth | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Sharekhan Vs Elite Wealth - Pros & Cons
| Sharekhan | Elite Wealth | |
|---|---|---|
| Pros | 1. It offers multiple trading platforms to its customers to suite the needs of customer. 2. It provides various brokerage slabs to fulfil the customer needs. More you trade with Sharekhan the lesser brokerage you need to pay. 3. It provides the online and classroom trading, seminars and workshops to the investors. 4. The stock broker does not charge online fund transfer from the bank account and the funds pay-out to bank account. 5. It does not charge for DP transactions. 6. It allows fixed deposit as collateral for the future and options trading. 7. It charges zero fees from the call and trade facility. | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| Cons | 1. It does not offer the 3-in-1 account as it does not provide the banking services. 2. The brokerage charged is percentage based that are higher in comparison to the flat fee brokers. 3.The customers who hold Classic account are unable to trade in Commodities. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
Sharekhan Vs Elite Wealth - Background
| Sharekhan | Elite Wealth | |
|---|---|---|
Sharekhan Vs Elite Wealth - Compare All Brokers
| Sharekhan | Elite Wealth | |
|---|---|---|
Sharekhan Vs Elite Wealth - STT/CTT
| Sharekhan | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell Side | 0.025% on Sell |
| Equity Options | 0.05% on sell Side | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy and sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell Side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Sharekhan Vs Elite Wealth - Demat transaction charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹0 (Free) | No Charges |
Sharekhan Vs Elite Wealth - GST
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% (on brokerage + transaction charges) | 18% on (Brokerage + Transaction Charge) |
Sharekhan Vs Elite Wealth - SEBI Charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Sharekhan Vs Elite Wealth - Account Opening & AMC Charges
Sharekhan
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹400 (from 2nd year)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Sharekhan Vs Elite Wealth
| Sharekhan | Elite Wealth | |
|---|---|---|
Sharekhan Review | Brokerage Charges, Account OpeningSharekhan is one of the largest stock brokers in India. It was incorporated in the year 2000 and provides its brokerage services by its website. Review of Sharekhan has grown immensely since last 10 years and now is considered as the leading stock broker of India. Sharekhan tips review provides its services through sharekhan franchise revie .. + " Vs "+ Elite Wealth |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
Sharekhan Vs Elite Wealth - Brokerage charges & Plans
| Sharekhan | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.03% per transaction value | 0.03% |
| Currency Futures | 0.03% per transaction value | 0.03% |
| Equity Delivery | 0.30% on market rate or minimum 10 paisa per share | 0.33% |
| Equity Options | ₹60/ Lot | ₹33 per Lot |
| Commodity Options | ₹60/ Lot | 0.03% |
| Equity Futures | 0.03% per transaction value | 0.03% |
| Currency Options | ₹20/ Lot | ₹33 per Lot |
| Fixed Charges | ₹1,00,000/ Year | 0.03% |
| Equity Intraday | 0.03% per transaction value | 0.03% |
| Call Back Open Account |
Sharekhan Vs Elite Wealth - Margin (Exposure)
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity Options | 1 time (SPAN + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
Sharekhan Vs Elite Wealth - Other Charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | ₹1,00,000/ Year | 0.03% |
| Minimum Brokerage | 0.10% | 0.03% |
Sharekhan Vs Elite Wealth - STT/CTT
| Sharekhan | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell Side | 0.025% on Sell |
| Equity Options | 0.05% on sell Side | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy and sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell Side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Sharekhan Vs Elite Wealth - Demat transaction charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹0 (Free) | No Charges |
Sharekhan Vs Elite Wealth - GST
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% (on brokerage + transaction charges) | 18% on (Brokerage + Transaction Charge) |
Sharekhan Vs Elite Wealth - SEBI Charges
| Sharekhan | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Sharekhan Vs Elite Wealth - Features
| Sharekhan | Elite Wealth | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app) | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |