Punch Trade vs Sharekhan – Compare Charges, Trading Features, Offers & More

Overview — Punch Trade vs. Sharekhan

Punch Trade is listed as a Private Discount Broker established in 2021 with headquarters in Mumbai, India and founded by Amit Dhakad, Hiral Jain, Arshad Fahoum, Ajit Dandekar. The broker highlights access to equity delivery, equity intraday, equity futures and equity options through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, research reports, interactive charts and live market tracking.

Sharekhan is listed as a Private Discount Broker established in 2000 with headquarters in Mumbai and founded by Mukesh meena Dayalpura. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Freedom Pricing.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Punch Trade vs. Sharekhan

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Punch Trade and Sharekhan.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Punch Trade charges ₹1/order or 0.10% while Sharekhan charges 0.30% of Transaction Value or 1 paisa per share (whichever is higher).

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Punch Trade charges ₹1/order or 0.10% while Sharekhan charges 0.02% of Transaction Value or 1 paisa per share (whichever is higher).

Equity futures: This charge applies to futures contracts on stocks and indices. Punch Trade charges ₹1/order or 0.10% while Sharekhan charges 0.03% of Transaction Value.

Equity options: This charge applies to equity option contracts. Punch Trade charges ₹1/order or 0.10% while Sharekhan charges Rs.30 per Lot.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Punch Trade charges N/A ; Sharekhan charges 0.03% of Transaction Value.

Commodity options: This charge applies to option contracts on commodity instruments. Punch Trade charges N/A ; Sharekhan charges Rs.75 per Lot.

Currency futures: This charge allows participation in forex price movements on the exchange. Punch Trade charges N/A ; Sharekhan charges 0.03% of Transaction Value.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Punch Trade charges N/A ; Sharekhan charges Rs.20 per Lot.

Trading platforms comparison — Punch Trade vs. Sharekhan

Punch Trade provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Sharekhan provides mobile app access, web trading and desktop terminal access for its users.

• Android app: Punch Trade and Sharekhan both list an Android trading app.

• iOS app: Punch Trade and Sharekhan both list an iOS trading app.

• Web trading platform: Punch Trade and Sharekhan both list a web trading platform.

• Desktop trading terminal: Sharekhan lists a desktop trading terminal, while Punch Trade does not currently mention it.

• Algo trading: Neither broker currently highlights algo trading support.

• Basket trading: Punch Trade and Sharekhan both list basket trading.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Sharekhan lists a mutual fund investment platform, while Punch Trade does not currently mention it.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: Neither broker currently highlights a bonds investment platform.

Punch Trade vs. Sharekhan — Comparison of trading features

Punch Trade highlights trading features including watchlists, real-time updates, portfolio tracking, research reports, interactive charts and live market tracking, while Sharekhan promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Punch Trade and Sharekhan offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Punch Trade and Sharekhan offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Punch Trade and Sharekhan offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Sharekhan offers this; Punch Trade does not currently highlight it.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Punch Trade and Sharekhan offer this feature.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Sharekhan offers this; Punch Trade does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Sharekhan offers this; Punch Trade does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Punch Trade and Sharekhan offer this feature.

• Live market: Live updates on market movements and trends. Both Punch Trade and Sharekhan offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Sharekhan offers this; Punch Trade does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Punch Trade and Sharekhan offer this feature.

Punch Trade vs. Sharekhan — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Punch Trade and Sharekhan.

• Free account opening: Punch Trade and Sharekhan both list free account opening.

• Free AMC: Punch Trade and Sharekhan both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: Punch Trade lists flat brokerage pricing, while Sharekhan does not currently mention it.

• Flexible brokerage plans: Sharekhan lists flexible brokerage plans, while Punch Trade does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Neither broker currently highlights free delivery trading.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: Neither broker currently highlights free research reports.

• Free trading calls: Sharekhan lists free trading calls, while Punch Trade does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Sharekhan offers Upto Rs.400 per Client for referrals; Punch Trade does not currently list a referral offer.

Offered products comparison — Sharekhan vs. Punch Trade

Product availability determines whether a broker can support your preferred markets. Punch Trade highlights equity delivery, equity intraday, equity futures and equity options, while Sharekhan highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options and mutual funds.

• Demat services: Punch Trade and Sharekhan both list Demat services.

• Trading services: Punch Trade and Sharekhan both list trading services.

• Intraday services: Punch Trade and Sharekhan both list intraday trading services.

• F&O services: Punch Trade and Sharekhan both list F&O services.

• IPO services: Sharekhan lists IPO services, while Punch Trade does not currently mention it.

• 3-in-1 account: Neither broker currently highlights 3-in-1 account support.

• Stock research: Punch Trade and Sharekhan both list stock research.

• Stock recommendations: Sharekhan lists stock recommendations, while Punch Trade does not currently mention it.

• Trading education: Sharekhan lists trading education, while Punch Trade does not currently mention it.

• Share pledging: Sharekhan lists share pledging, while Punch Trade does not currently mention it.

• PMS or PCG: Neither broker currently highlights PMS or PCG support.

• NRI services: Sharekhan lists NRI services, while Punch Trade does not currently mention it.

Offered services comparison — Punch Trade vs. Sharekhan

Punch Trade provides Demat services, trading services, intraday trading, F&O trading and stock research, while Sharekhan offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.

Stock advisory service comparison — Punch Trade vs. Sharekhan

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Punch Trade and Sharekhan.

Exposure comparison — Punch Trade vs. Sharekhan

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Punch Trade and Sharekhan across different segments.

Comparison of programs — Punch Trade vs. Sharekhan

Sharekhan lists a sub-broker program, while Punch Trade does not currently mention it. Sharekhan lists a partner program, while Punch Trade does not currently mention it. Punch Trade and Sharekhan both list a referral program.

Customer support comparison — Punch Trade vs. Sharekhan

Punch Trade provides support through trading desk support, call support, email support, website support and Facebook support. Sharekhan provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. Sharekhan operates - branches.

Ratings — Punch Trade vs. Sharekhan

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Punch Trade carries an overall rating of 7.5/10, while Sharekhan carries an overall rating of 9.06 / 10.

Complaints — Punch Trade vs. Sharekhan

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Punch Trade vs. Sharekhan

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Punch Trade and Sharekhan.

Pledge charges comparison — Punch Trade vs. Sharekhan

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Punch Trade vs. Sharekhan

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Punch Trade vs Sharekhan

Punch Trade lists account opening charges of ₹0 (Free) and Demat AMC of ₹0 (Free). Sharekhan lists account opening charges of Free and Demat AMC of Free (1st Year).

Punch Trade vs Sharekhan — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Punch Trade and Sharekhan

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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