Sharekhan and m.Stock are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Sharekhan is listed as a Private Discount Broker , established in 2000 and headquartered in Mumbai, while m.Stock is listed as a Private Discount Broker , established in 1997 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Sharekhan or m.Stock is a better fit for your investment style, platform preference, and budget.
Sharekhan is listed as a Private Discount Broker established in 2000 with headquarters in Mumbai and founded by Mukesh meena Dayalpura. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Freedom Pricing brokerage structure.
m.Stock is listed as a Private Discount Broker established in 1997 with headquarters in Mumbai and founded by Park Hyeon-Joo. It offers equity delivery, equity intraday, equity futures, equity options, currency futures, currency options and mutual funds using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. Its brokerage model is structured as Zero Delivery Plan.
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.
Sharekhan vs m.Stock — A Comprehensive Company Overview
| Company Overview | Sharekhan | m.Stock |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Mukesh meena Dayalpura | Park Hyeon-Joo |
| Establishment Year | 2000 | 1997 |
| Brokerage Plan | Freedom Pricing | Zero Delivery Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Sharekhan and m.Stock.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Sharekhan charges 0.30% of Transaction Value or 1 paisa per share (whichever is higher) while m.Stock charges Free.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Sharekhan charges 0.02% of Transaction Value or 1 paisa per share (whichever is higher) while m.Stock charges Rs. 5 per Trade.
Equity futures: This charge applies to futures contracts on stocks and indices. Sharekhan charges 0.03% of Transaction Value while m.Stock charges Rs. 5 per Trade.
Equity options: This charge applies to equity option contracts. Sharekhan charges Rs.30 per Lot while m.Stock charges Rs. 5 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Sharekhan charges 0.03% of Transaction Value . m.Stock does not currently list a charge for this segment.
Commodity options: This charge applies to option contracts on commodity instruments. Sharekhan charges Rs.75 per Lot . m.Stock does not currently list a charge for this segment.
Currency futures: This charge allows participation in forex price movements on the exchange. Sharekhan charges 0.03% of Transaction Value while m.Stock charges Rs. 5 per Trade.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Sharekhan charges Rs.20 per Lot while m.Stock charges Rs. 5 per Trade.
Sharekhan vs m.Stock — Detailed Brokerage Comparison
| Brokerage | Sharekhan | m.Stock |
|---|---|---|
| Brokerage Plan | Freedom Pricing | Zero Delivery Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.30% of Transaction Value or 1 paisa per share (whichever is higher) | Free |
| Equity Intraday | 0.02% of Transaction Value or 1 paisa per share (whichever is higher) | Rs. 5 per Trade |
| Equity Future | 0.03% of Transaction Value | Rs. 5 per Trade |
| Equity Option | Rs.30 per Lot | Rs. 5 per Trade |
| Commodity Future | 0.03% of Transaction Value | NA |
| Commodity Option | Rs.75 per Lot | NA |
| Currency Future | 0.03% of Transaction Value | Rs. 5 per Trade |
| Currency Option | Rs.20 per Lot | Rs. 5 per Trade |
Sharekhan provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. m.Stock provides mobile app access and web trading for its users.
Android app: Sharekhan and m.Stock both list an Android trading app.
iOS app: Sharekhan and m.Stock both list an iOS trading app.
Web trading platform: Sharekhan and m.Stock both list a web trading platform.
Desktop trading terminal: Sharekhan lists a desktop trading terminal, while m.Stock does not currently mention it.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: Sharekhan lists basket trading, while m.Stock does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Sharekhan and m.Stock both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Sharekhan vs m.Stock — Complete Comparison of Trading Platforms
| Trading Platform | Sharekhan | m.Stock |
|---|---|---|
| Android App | Sharekhan Android App Link | m.Stock Android App Link |
| iOS App | Sharekhan iOS App Link | m.Stock iOS App Link |
| Web Trading Platform | Sharekhan Web Trading Link | m.Stock Web Trading Link |
| Trading Terminal | Available | NA |
| Algo Trading Platform | NA | NA |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | Available | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | NA |
Sharekhan highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while m.Stock promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. 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 Sharekhan and m.Stock offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Sharekhan and m.Stock offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Sharekhan and m.Stock offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Sharekhan and m.Stock offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Sharekhan offers this; m.Stock does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Sharekhan offers this; m.Stock does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Sharekhan and m.Stock offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Sharekhan and m.Stock offer this feature.
Live market: Live updates on market movements and trends. Both Sharekhan and m.Stock offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Sharekhan offers this; m.Stock does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Sharekhan and m.Stock offer this feature.
Sharekhan vs m.Stock — Comprehensive Comparison of Trading Features
| Trading Feature | Sharekhan | m.Stock |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | No |
| Global Indices | No | No |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Sharekhan and m.Stock.
Free account opening: Sharekhan lists free account opening, while m.Stock does not currently mention it.
Free AMC: Sharekhan lists free Demat AMC, while m.Stock does not currently mention it.
Free brokerage: m.Stock lists free brokerage, while Sharekhan does not currently mention it.
Flat brokerage: m.Stock lists flat brokerage pricing, while Sharekhan does not currently mention it.
Flexible brokerage plans: Sharekhan and m.Stock both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: m.Stock lists free delivery trading, while Sharekhan does not currently mention it.
Free intraday trading: m.Stock lists free intraday trading, while Sharekhan does not currently mention it.
Free F&O trading: m.Stock lists free F&O trading, while Sharekhan does not currently mention it.
Free research reports: m.Stock lists free research reports, while Sharekhan does not currently mention it.
Free trading calls: Sharekhan and m.Stock both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Sharekhan offers Upto Rs.400 per Client while m.Stock offers Upto Rs.500 per Client for referrals.
Sharekhan vs m.Stock — Comparison of Latest Offers
| Offer | Sharekhan | m.Stock |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | 1st Year Free | No |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | Yes |
| Free Intraday Trading | No | Yes, Limited |
| Free F&O Trading | No | Yes, Limited |
| Free Research Reports | No | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Upto Rs.400 per Client | Upto Rs.500 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Sharekhan highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while m.Stock highlights equity delivery, equity intraday, equity futures, equity options, currency futures, currency options and mutual funds.
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.
Sharekhan vs m.Stock — Complete Comparison of Products
| Product | Sharekhan | m.Stock |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | No |
| Commodity Future | Yes | No |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | No |
| Government Bonds | No | No |
| Digital Gold | No | No |
Demat services: Sharekhan and m.Stock both list Demat services.
Trading services: Sharekhan and m.Stock both list trading services.
Intraday services: Sharekhan and m.Stock both list intraday trading services.
F&O services: Sharekhan and m.Stock both list F&O services.
IPO services: Sharekhan and m.Stock both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Sharekhan and m.Stock both list stock research.
Stock recommendations: Sharekhan and m.Stock both list stock recommendations.
Trading education: Sharekhan lists trading education, while m.Stock does not currently mention it.
Share pledging: Sharekhan and m.Stock both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Sharekhan lists NRI services, while m.Stock does not currently mention it.
Sharekhan provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while m.Stock offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Sharekhan vs m.Stock — In-Depth Comparison of Services
| Service | Sharekhan | m.Stock |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | Yes |
| Trading Education | Yes, Education First | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | Yes | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Sharekhan and m.Stock.
Sharekhan and m.Stock — Detailed Comparison of Advisory Services
| Advisory | Sharekhan | m.Stock |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| IPO Reports | Yes | No |
| Technical Reports | Yes | No |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | Yes |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes | No |
| Robo Advisory | Yes | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Sharekhan and m.Stock across different segments.
Sharekhan and m.Stock — Comprehensive Comparison of Trading Exposure
| Exposure | Sharekhan | m.Stock |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Sharekhan and m.Stock both list a sub-broker program. Sharekhan and m.Stock both list a partner program. Sharekhan and m.Stock both list a referral program.
Sharekhan vs m.Stock — Comparative Analysis of Programs
| Program | Sharekhan | m.Stock |
|---|---|---|
| Sub-Broker Program | Yes | Yes, Limited |
| Partner Program | Yes | Yes, Limited |
| Referral Program | Yes | Yes |
Sharekhan provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. m.Stock provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Sharekhan operates - branches.
Sharekhan and m.Stock — Comprehensive Comparison of Customer Support
| Support Channel | Sharekhan | m.Stock |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | Available, Chargeable |
| Call Support | 9620206565 | 1800-2100-818 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | - | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | — | — |
| Branches / Offices | - | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Sharekhan carries an overall rating of 9.06 / 10, while m.Stock carries an overall rating of 7.28/10.
Sharekhan vs m.Stock — Ratings Comparison
| Rating Parameter | Sharekhan | m.Stock |
|---|---|---|
| Overall Rating | 9.06 / 10 | 7.28/10 |
| Customer Support | 9.03 / 10 | 7.25/10 |
| Technology | 9.17 / 10 | 7.37/10 |
| Charges | 9.10 / 10 | 7.31/10 |
| Products & Services | 9.01 / 10 | 7.24/10 |
| Experience | 8.99 / 10 | 7.22/10 |
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.
Sharekhan & m.Stock — Comparison of Customer Complaints
| Complaint Metric | Sharekhan | m.Stock |
|---|---|---|
| Total Complaints Lodged | 140 | 113 |
| Total Complaints Resolved | 122 | 101 |
| % of Resolved Complaints | 87.14% | 89.38% |
| Non-Actionable Complaints | 12 | 6 |
| % of Non-Actionable Complaints | 8.57% | 5.31% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Sharekhan and m.Stock.
Sharekhan vs m.Stock — Detailed Comparison of Transaction Charges
| Transaction Charges | Sharekhan | m.Stock |
|---|---|---|
| Equity Delivery | NSE: 0.00297% | BSE: 0.00375% | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Intraday | NSE: 0.00297% | BSE: 0.00375% | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Future | NSE: 0.00173% | 0.0019% (NSE & BSE) |
| Equity Option | NSE: 0.03503% on Premium | 0.05% (on premium) |
| Commodity Future | 0.0021% (MCX) | NA |
| Commodity Option | 0.0418% | NA |
| Currency Future | NSE: 0.00035% | 0.0009% (NSE) |
| Currency Option | NSE: 0.0311% | 0.035% (NSE) |
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.
Sharekhan & m.Stock — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Sharekhan | m.Stock |
|---|---|---|
| Pledge Creation Charges | - | Rs.32 per Request |
| Pledge Invocation Charges | - | Rs.32 per Request |
| Margin Trading Interest | - | 0.05% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Sharekhan and m.Stock — Detailed Comparison of Hidden / Other Charges
| Charge | Sharekhan | m.Stock |
|---|---|---|
| SEBI Turnover Charges | ₹10/crore (w.e.f. 1st April, 2021) | Rs.10/ Crore (All Segment) |
| DP Charges | - | Rs.12 per Scrip on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | - | Nil |
| Reactivation Charges | - | Nil |
| Dematerialisation Charges | - | Rs.150 per Certificate |
| Call & Trade Charges | - | Free |
Sharekhan lists account opening charges of Free and Demat AMC of Free (1st Year). m.Stock lists account opening charges of Rs.149 and Demat AMC of Rs.999.
Sharekhan vs m.Stock — Detailed Comparison of Demat Charges
| Demat Charges | Sharekhan | m.Stock |
|---|---|---|
| Account Opening Charges | Free | Rs.149 |
| Annual Maintenance Charges (AMC) | Free (1st Year) | Rs.999 |
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.
Sharekhan vs m.Stock — Comparative Analysis of STT and CTT Charges
| STT & CTT | Sharekhan | m.Stock |
|---|---|---|
| Equity Delivery | 0.1% (both buy and sell sides) | 0.1% on buy & sell |
| Equity Intraday | 0.025% (sell-side on the avg. rate of buy and sell) | 0.025% on sell |
| Equity Future | 0.02% (sell side) | 0.0125% on sell |
| Equity Option | 0.10% on the sell side (on premium) | 0.125% on the exercised trade (on premium) | 0.0625% on sell (on premium) |
| Commodity Future | 0.01% (sell side, non-Agri) | 0.01% on sell (Non-Agri) |
| Commodity Option | 0.05% (sell side) | 0.05% on sell |
| Currency Future | NA | Nil |
| Currency Option | NA | Nil |
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.
Sharekhan and m.Stock — Comparison of Stamp Duty Charges
| Stamp Duty | Sharekhan | m.Stock |
|---|---|---|
| Equity Delivery | 0.015% | 0.015% on buy |
| Equity Intraday | 0.003% | 0.003% on buy |
| Equity Future | 0.002% | 0.002% on buy |
| Equity Option | 0.003% | 0.003% on buy |
| Commodity Future | 0.002% | 0.002% on buy |
| Commodity Option | 0.003% | 0.003% on buy |
| Currency Future | 0.0001% | 0.0001% on buy |
| Currency Option | 0.0001% | 0.0001% on buy |