Sharekhan and SBI Securities 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 SBI Securities is listed as a Public Discount Broker , established in Arun Mehta 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 SBI Securities 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.
SBI Securities is listed as a Public Discount Broker established in Arun Mehta with headquarters in Mumbai and founded by Arun Mehta. 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 stock tips. Its brokerage model is structured as Standard 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 SBI Securities — A Comprehensive Company Overview
| Company Overview | Sharekhan | SBI Securities |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Mukesh meena Dayalpura | Arun Mehta |
| Establishment Year | 2000 | Arun Mehta |
| Brokerage Plan | Freedom Pricing | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Sharekhan and SBI Securities.
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 SBI Securities charges 0.50% of Transaction Value.
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 SBI Securities charges 0.075% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Sharekhan charges 0.03% of Transaction Value while SBI Securities charges 0.05% of Transaction Value.
Equity options: This charge applies to equity option contracts. Sharekhan charges Rs.30 per Lot while SBI Securities charges Rs.50 to Rs.100 per lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Sharekhan charges 0.03% of Transaction Value while SBI Securities charges 0.05% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Sharekhan charges Rs.75 per Lot while SBI Securities charges Rs.50 to Rs.100 per lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Sharekhan charges 0.03% of Transaction Value while SBI Securities charges 0.05% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Sharekhan charges Rs.20 per Lot while SBI Securities charges Rs.20 to Rs.30 per lot.
Sharekhan vs SBI Securities — Detailed Brokerage Comparison
| Brokerage | Sharekhan | SBI Securities |
|---|---|---|
| Brokerage Plan | Freedom Pricing | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.30% of Transaction Value or 1 paisa per share (whichever is higher) | 0.50% of Transaction Value |
| Equity Intraday | 0.02% of Transaction Value or 1 paisa per share (whichever is higher) | 0.075% of Transaction Value |
| Equity Future | 0.03% of Transaction Value | 0.05% of Transaction Value |
| Equity Option | Rs.30 per Lot | Rs.50 to Rs.100 per lot |
| Commodity Future | 0.03% of Transaction Value | 0.05% of Transaction Value |
| Commodity Option | Rs.75 per Lot | Rs.50 to Rs.100 per lot |
| Currency Future | 0.03% of Transaction Value | 0.05% of Transaction Value |
| Currency Option | Rs.20 per Lot | Rs.20 to Rs.30 per lot |
Sharekhan provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. SBI Securities provides mobile app access, web trading and desktop terminal access for its users.
Android app: Sharekhan and SBI Securities both list an Android trading app.
iOS app: Sharekhan and SBI Securities both list an iOS trading app.
Web trading platform: Sharekhan and SBI Securities both list a web trading platform.
Desktop trading terminal: Sharekhan and SBI Securities both list a desktop trading terminal.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: Sharekhan and SBI Securities both list basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Sharekhan and SBI Securities both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: SBI Securities lists a bonds investment platform, while Sharekhan does not currently mention it.
Sharekhan vs SBI Securities — Complete Comparison of Trading Platforms
| Trading Platform | Sharekhan | SBI Securities |
|---|---|---|
| Android App | Sharekhan Android App Link | SBI Securities Android App Link |
| iOS App | Sharekhan iOS App Link | SBI Securities iOS App Link |
| Web Trading Platform | Sharekhan Web Trading Link | SBI Securities Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | NA | NA |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | Available |
Sharekhan highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while SBI Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. 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 SBI Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Sharekhan and SBI Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Sharekhan and SBI Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Sharekhan and SBI Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Sharekhan and SBI Securities offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Sharekhan offers this; SBI Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Sharekhan and SBI Securities offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Sharekhan and SBI Securities offer this feature.
Live market: Live updates on market movements and trends. Both Sharekhan and SBI Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both Sharekhan and SBI Securities offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Sharekhan and SBI Securities offer this feature.
Sharekhan vs SBI Securities — Comprehensive Comparison of Trading Features
| Trading Feature | Sharekhan | SBI Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | No |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | Yes |
| 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 SBI Securities.
Free account opening: Sharekhan lists free account opening, while SBI Securities does not currently mention it.
Free AMC: Sharekhan lists free Demat AMC, while SBI Securities does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Neither broker currently highlights flat brokerage pricing.
Flexible brokerage plans: Sharekhan and SBI Securities both list flexible brokerage plans.
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: SBI Securities lists free research reports, while Sharekhan does not currently mention it.
Free trading calls: Sharekhan and SBI Securities 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 SBI Securities offers Upto Rs.700 per Client for referrals.
Sharekhan vs SBI Securities — Comparison of Latest Offers
| Offer | Sharekhan | SBI Securities |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | 1st Year Free | No |
| Free Brokerage | No | No |
| Flat Brokerage | No | No |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Upto Rs.400 per Client | Upto Rs.700 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | Yes |
| 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 SBI Securities 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, mutual funds, banking services, insurance, corporate bonds, government bonds and bonds.
Sharekhan vs SBI Securities — Complete Comparison of Products
| Product | Sharekhan | SBI Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | Yes |
| Insurance | No | Yes |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | No |
Demat services: Sharekhan and SBI Securities both list Demat services.
Trading services: Sharekhan and SBI Securities both list trading services.
Intraday services: Sharekhan and SBI Securities both list intraday trading services.
F&O services: Sharekhan and SBI Securities both list F&O services.
IPO services: Sharekhan and SBI Securities both list IPO services.
3-in-1 account: SBI Securities lists 3-in-1 account support, while Sharekhan does not currently mention it.
Stock research: Sharekhan and SBI Securities both list stock research.
Stock recommendations: Sharekhan and SBI Securities both list stock recommendations.
Trading education: Sharekhan and SBI Securities both list trading education.
Share pledging: Sharekhan and SBI Securities both list share pledging.
PMS or PCG: SBI Securities lists PMS or PCG support, while Sharekhan does not currently mention it.
NRI services: Sharekhan and SBI Securities both list NRI services.
Sharekhan provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while SBI Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.
Sharekhan vs SBI Securities — In-Depth Comparison of Services
| Service | Sharekhan | SBI Securities |
|---|---|---|
| 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 | Yes |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | Yes |
| Trading Education | Yes, Education First | Yes, Investor Sarathi |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | Yes |
| NRI Services | Yes | Yes |
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 SBI Securities.
Sharekhan and SBI Securities — Detailed Comparison of Advisory Services
| Advisory | Sharekhan | SBI Securities |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| 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 | Yes |
| 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 SBI Securities across different segments.
Sharekhan and SBI Securities — Comprehensive Comparison of Trading Exposure
| Exposure | Sharekhan | SBI Securities |
|---|---|---|
| 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 SBI Securities both list a sub-broker program. Sharekhan and SBI Securities both list a partner program. Sharekhan and SBI Securities both list a referral program.
Sharekhan vs SBI Securities — Comparative Analysis of Programs
| Program | Sharekhan | SBI Securities |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Sharekhan provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Sharekhan operates - branches. SBI Securities operates Available branches.
Sharekhan and SBI Securities — Comprehensive Comparison of Customer Support
| Support Channel | Sharekhan | SBI Securities |
|---|---|---|
| Trading Support | Available, Free | Available, Free |
| Dedicated Dealer | Available, Free | Available, Free |
| Call Support | 9620206565 | 022-68545555 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | - | |
| 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 | — | Telegram Support Link |
| Branches / Offices | - | Available |
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 SBI Securities carries an overall rating of 8.95 / 10.
Sharekhan vs SBI Securities — Ratings Comparison
| Rating Parameter | Sharekhan | SBI Securities |
|---|---|---|
| Overall Rating | 9.06 / 10 | 8.95 / 10 |
| Customer Support | 9.03 / 10 | 8.92 / 10 |
| Technology | 9.17 / 10 | 9.06 / 10 |
| Charges | 9.10 / 10 | 8.99 / 10 |
| Products & Services | 9.01 / 10 | 8.90 / 10 |
| Experience | 8.99 / 10 | 8.88 / 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 & SBI Securities — Comparison of Customer Complaints
| Complaint Metric | Sharekhan | SBI Securities |
|---|---|---|
| Total Complaints Lodged | 140 | 182 |
| Total Complaints Resolved | 122 | 162 |
| % of Resolved Complaints | 87.14% | 89.01% |
| Non-Actionable Complaints | 12 | 11 |
| % of Non-Actionable Complaints | 8.57% | 6.04% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Sharekhan and SBI Securities.
Sharekhan vs SBI Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | Sharekhan | SBI Securities |
|---|---|---|
| Equity Delivery | NSE: 0.00297% | BSE: 0.00375% | |
| Equity Intraday | NSE: 0.00297% | BSE: 0.00375% | |
| Equity Future | NSE: 0.00173% | |
| Equity Option | NSE: 0.03503% on Premium | |
| Commodity Future | 0.0021% (MCX) | |
| Commodity Option | 0.0418% | |
| Currency Future | NSE: 0.00035% | |
| Currency Option | NSE: 0.0311% |
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 & SBI Securities — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Sharekhan | SBI Securities |
|---|---|---|
| Pledge Creation Charges | - | |
| Pledge Invocation Charges | - | |
| Margin Trading Interest | - |
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 SBI Securities — Detailed Comparison of Hidden / Other Charges
| Charge | Sharekhan | SBI Securities |
|---|---|---|
| SEBI Turnover Charges | ₹10/crore (w.e.f. 1st April, 2021) | |
| DP Charges | - | |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | |
| Account Closure Charges | - | |
| Reactivation Charges | - | |
| Dematerialisation Charges | - | |
| Call & Trade Charges | - |
Sharekhan lists account opening charges of Free and Demat AMC of Free (1st Year). SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750.
Sharekhan vs SBI Securities — Detailed Comparison of Demat Charges
| Demat Charges | Sharekhan | SBI Securities |
|---|---|---|
| Account Opening Charges | Free | Rs.850 |
| Annual Maintenance Charges (AMC) | Free (1st Year) | Rs.750 |
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 SBI Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | Sharekhan | SBI Securities |
|---|---|---|
| Equity Delivery | 0.1% (both buy and sell sides) | |
| Equity Intraday | 0.025% (sell-side on the avg. rate of buy and sell) | |
| Equity Future | 0.02% (sell side) | |
| Equity Option | 0.10% on the sell side (on premium) | 0.125% on the exercised trade (on premium) | |
| Commodity Future | 0.01% (sell side, non-Agri) | |
| Commodity Option | 0.05% (sell side) | |
| Currency Future | NA | |
| Currency Option | NA |
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 SBI Securities — Comparison of Stamp Duty Charges
| Stamp Duty | Sharekhan | SBI Securities |
|---|---|---|
| Equity Delivery | 0.015% | |
| Equity Intraday | 0.003% | |
| Equity Future | 0.002% | |
| Equity Option | 0.003% | |
| Commodity Future | 0.002% | |
| Commodity Option | 0.003% | |
| Currency Future | 0.0001% | |
| Currency Option | 0.0001% |