Sharekhan Vs Fyers: A Relative Study

Fyers (incorporated in 2015) is a renowned name in the Discount broking industry. They are one of the lower charging brokers of the industry. On the other hand, Sharekhan is a very old and trusted name in the Indian finance broking industry. Both of these organization offers a big basket of services to their customers. Here we will compare Sharekhan vs Fyers in terms of feasibility, service quality, and product offerings.

Functions: 

Fyers:

  1. Delivery of trading is free. 
  2. Neither there is a hidden cost, nor any subscription charges.
  3. A referral program is there. 
  4. NRI service is very appraisable.
  5. 24X7 Customer support facility available. 
Sharekhan Vs Fyers

Sharekhan:

  1. Sharekhan is an eminent name in the finance broking industry for their detailed research work. 
  2. They have come up with various investment options to meet the need of each investor.
  3. Call & trade facility is offered by the organization for free.
  4. They have a huge business network.
  5. They facilitate loan against security.
  6. Arranged training program for traders. 

Facilities Comparison:

Based on the facilities provided by both, Sharekhan & Fyers we can compare them as follows:

 ParticularsSharekhanFyers
Rating of overall performance4 out of 54 out of 5
Rating: Brokerage charge2.5 out of 53.5 out of 5
Rating: Trading platform4.5 out of 54 out of 5
Rating: investment plans5 out of 54 out of 5
Rating: Customer service4 out of 54 out of 5
Classification of BrokerFull-service BrokerDiscount Broker
Listed under (SE)BSE, NSE, MCX, NCDEX, NSELNSE, BSE, MCX

Comparison: Based on Account Maintenance Charges:

Based on the segment-wise AMC & Account opening fees we can detail SHAREKHAN & FYERS as below:

Particulars SharekhanFyers
Opening: Trading A/cNO COSTNO COST
AMC: Trading A/cCOMPLEMENTARYCOMPLEMENTARY
Opening: DEMAT AccountNO COSTNO COST
AMC : DEMAT A/c400/- Rupees p.a. (Waived for 1st year)400/- Rupees p.a.
DP ServiceYESNO

Comparison: Based on Brokerage Plan: 

Fyers don’t offer any brokerage plan. Whereas Sharekhan offers only multiple brokerage plans. 

ParticularsSharekhanFyers
Multiple Plans
Monthly Plans
Yearly Plans

Comparison: Based on Brokerage Charges: 

Sharekhan has come up with a % base brokerage plan. Fyers issues a plan to its investors which costs maximum INR. 20/- per order. Also, both Sharekhan has a fixed minimum brokerage charge of INR.20/-, whether there is no fixed brokerage fee for Fyers.

ParticularsSharekhanFyers
Plan NameClassic Trading Plan (Percentage Based)Max 20 Rupees Per Order Trading Plan
Equity Delivery0.5% or 50 paisaFree
Equity Intraday0.1% or 10 paisa0.01% or 20 Rupees whichever is lower
Equity Futures0.1% or 10 paisa0.01% or 20 Rupees whichever is lower
Equity Options2.5% of Premium or 250/- Rupees per lot whichever is highFlat Fee 20/- Rupees
Currency Futures0.1% or 10 paisa0.01% or 20 Rupees whichever is lower
Currency Options2.5% of Premium or 30 Rupees per lot whichever is highFlat Fee 20 Rupees
Commodity Trading0.1% or 10 paisaNA
Minimum Brokerage20 RupeesNIL
Hidden ChargesNot AvailableNot Available
FundingYes – 18% interest PANot Available
Call & Trade ChargesFree20 Rupees Per Order

Transaction Charges compare:

We can compare Sharekhan & Fyers as below based on the segment wise transaction charge: 

ParticularsSharekhanFyers
Equity: Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity: Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity: Futures190 Rupees Per Cr240 Rupees Per Cr
Equity: Options5000 Rupees Per Cr5900 Rupees Per Cr
Currency: Futures100 Rupees Per Cr175 Rupees Per Cr
Currency: Options4000 Rupees Per Cr6500 Rupees Per Cr
CommodityNon-Agri: 260 Rupees Per Cr Agri: 175 Rupees Per CrNA

Facilities Comparison:

Sharekhan & Fyers, both ensures various facilities to the investor as below mentioned: 

ParticularsSharekhanFyers
3 in 1 AccountNOT AVAILABLENOT AVAILABLE
ChartingAVAILABLEAVAILABLE
Algo TradingNOT AVAILABLEAVAILABLE
SMS AlertsAVAILABLENOT AVAILABLE
Online DemoAVAILABLEAVAILABLE
Online PortfolioAVAILABLENOT AVAILABLE
Margin Trading Funding AvailableAVAILABLENOT AVAILABLE
Combined Ledger for Equity and CommodityAVAILABLENOT AVAILABLE
Intraday Square-off Time3:15PM3:15PM
NRI TradingAVAILABLENOT AVAILABLE
Other FeaturesNILFree Call & trade
Sharekhan Vs Fyers

Comparison: Based on Trading Platform:

Sharekhan & Fyers, both come up with different platforms for trading like, android application based, trading, desktop platform, etc.

ParticularsSharekhanFyers
Name of Trading Platform (Desktop)TradeTigerFyers One
Windows Desktop AVAILABLEAVAILABLE
Mac DesktopNOT AVAILABLENOT AVAILABLE
Web based TradingAVAILABLEAVAILABLE
Web Trading URLhttps://www.sharekhan.com/http://webtrader.Fyers.in/userMaster/login
Mobile Browsing siteAVAILABLENOT AVAILABLE
Trading on MobileAVAILABLEAVAILABLE
Application for Mobile TradingSharekhanFyers Markets
Android Application AVAILABLEAVAILABLE
iPhone Mobile ApplicationAVAILABLEAVAILABLE
Android Tablet ApplicationAVAILABLEAVAILABLE
iPad ApplicationAVAILABLEAVAILABLE
Charges for Trading Software FreeFree

Investment offer based comparison:

There are too many opportunities for investors to invest their hard-earned, money into various segments. Both Sharekhan & Fyers provide every possible option for their customers to indulge in investing. 

ParticularsSharekhanFyers
Equity Cash and F&OAVAILABLEAVAILABLE
Currency DerivativesAVAILABLEAVAILABLE
CommodityAVAILABLENOT AVAILABLE
Online IPO ApplicationNOT AVAILABLENOT AVAILABLE
Mutual FundsAVAILABLEAVAILABLE
Bond / NCDAVAILABLENOT AVAILABLE
ETFAVAILABLEAVAILABLE
BankingNOT AVAILABLENOT AVAILABLE
InsuranceAVAILABLENOT AVAILABLE
ForexNOT AVAILABLENOT AVAILABLE
MF SIP InvestmentAVAILABLENOT AVAILABLE
Equity SIP InvestmentNOT AVAILABLENOT AVAILABLE
PMS ServiceAVAILABLENOT AVAILABLE

Comparison: Based on DEMAT Account offerings:

Here we will compare Fyers vs. Sharekhan regarding the charges & offerings of DEMAT Account: 

 ParticularsSharekhanFyers
DP SourceCDSLCDSL
DP ID 36000Info Not Available
Demat Account Annual Maintenance Charges(AMC)500/-Rupees  pa400 Rupees – Individual, 500 Rupees – Non Individual
Advance Deposit500 Rupees Advance which will be adjusted against billing (Optional). Tariff D-“Deposit 2999 Rupees (refund of deposit 2000 Rupees on closure)NIL
Statutory chargesActual Stamp Paper ChargesNIL
Transaction Charges on Debit (Per ISIN)0.03% (Min 30 Rupees) + 5.50/- Rupees (CDSL Charges)Flat 20 Rupees + 5.5/- Rupees  (CDSL charges) [On and Off Market Orders]
Demat5 Rupees per certificate (Min 50 Rupees per request)2 per certificate + 35 Rupees courier charges
Remat50 Rupees per certificate or 50 Rupees for every hundred securities25 Rupees
Pledge Creation0.03% (Min 100 Rupees)0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge Creation ConfirmationNil0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge ClosureNil0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge Closure ConfirmationNil0.05% of the transaction value subject to a minimum of 50 Rupees and a maximum of 250 Rupees
Pledge InvocationNil0.02% of the transaction value subject to a minimum of 50 Rupees + depository charges at actually
Failed Instruction ChargesNil30 Rupees per transaction
Other ChargesFreeze/De-freeze – 25 Rupees per transaction
Stock lending & Borrowing – 0.02% of the value of the transaction per request (minimum 100 Rupees)
Client Master changes 30 Rupees per request
Cheque Bounce- 350/- Rupees Physical Statement – 50/- Rupees (Courier charges) Modification in CML – 50/- Rupees per request
Open-a-demat-account-Fyers

Customer Facility based comparison:

Both Sharekhan vs. Fyers are here compared regarding the quality /facility of customer assistance:

ParticularsSharekhanFyers
24/7 Customer Service NOT AVAILBLENOT AVAILABLE
Email Support AVAILABLEAVAILABLE
Online Live Chat AVAILABLENOT AVAILABLE
Phone Support AVAILABLEAVAILABLE
Toll Free Number AVAILABLENOT AVAILABLE
Through Branches AVAILABLENOT AVAILABLE
Customer Care Number 1800227500080 4625 1111
Account Opening Process OfflineOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Center/Education sharekhan.comwww.Fyers.in/faqs
Head Office Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,
Kanjurmarg (East),
Mumbai-MH– 400042
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore – 560009
Website www.sharekhan.comwww.fyers.in

Conclusion:

In this article, you have read the comparative study between Flyers & Sharekhan. But which broker should you choose that should be dependent on your specific requirement? Both Sharekhan and Fyers are renowned & market leaders and offer different plans to their customers.

Open Demat Account with Fyers
Open Demat Account with Fyers