Comparative analysis on Angel Broking Vs Sharekhan
Introduction:
Angel Broking and Sharekhan are one of India’s leading full-service stockbrokers.
Angel Broking was established in 1987.
It is a depository participant with CDSL ( Central Depository Services Ltd.) and is a member of BSE (Bombay Stock Exchange), NSE (National Stock Exchange), National Commodity and Derivatives Exchange Limited (NCDEX), and Multi Commodity Exchange of India Limited (MCX).
It offers a range of products and services to its clients.
These products include:
● Equity Trading
● Commodities Trading
● F and O Trading
● Currency Trading
Services offered are :
● DEMAT Account
● Trading Account
● Margin Account
● IPO Account
● Intraday Trading Account
● Stock Advisory
● Loan against shares
Sharekhan began its operations in February 2000 through its parent company S.S.Kantilal Ishwarlal Securities Limited (SSKI). Sharekhan was sold out to BNP Paribas. Sharekhan is accredited by NSE , BSE, MCX-SX, MCX and NCDEX.
The list of products offered are:
● Investment cart
● Pattern Finder
● Smart Search
● NEO
● Alerts
● Equity
● Derivatives
● Currency
● Mutual Funds
● Commodity
● Bonds
● IPO
The services offered by the stockbroker are:
● Loan Against Share
● Sharekhan Classroom
● NRI services
● Advisory Services
Portfolio Management Services also includes
● Prime Picks
● Sharp Portfolio
Account Charges Angel Broking Vs Motilal Oswal
|
CHARGES |
ANGEL BROKING | SHAREKHAN |
| Trading Account | 0 | Classic Account= Rs. 750 Tiger Trade Account = Rs. 1000 |
| opening charges | ||
| Trading Account | Rupees 450 | 0 |
| AMC( Annual | ||
| Maintenance Charge) | ||
| DEMAT Account | 0 | 0 |
| Opening Charges | ||
| DEMAT Account | 0 | Rupees 450 |
| AMC |
Brokerage Charges Angel Vs Motilal Oswal
|
CHARGES |
ANGEL BROKING | SHAREKHAN |
| Equity Delivery | Rupees 15 if the order value is below rupees 50000. | 0.50% |
| Rupees 30 if the order value is above rupees 50000. | ||
| Intraday Delivery | Rupees 15 if the order value is below rupees 50000. | 0.10% |
| Rupees 30 if the order value is above rupees 50000. | ||
| Equity Futures | Rupees 15 if the order value is below rupees 50000. | 0.10% |
| Rupees 30 if the order value is above rupees 50000. | ||
|
Equity Options |
Rupees 15 if the order value is below rupees 50000. | Rupees 100 or 2.5% on Premium (whichever is higher of the two) |
| Rupees 30 if the order value is above rupees 50000. | ||
| Currency Futures | Rupees 15 if the order value is below rupees 50000. | 0.10% |
| Rupees 30 if the order value is above rupees 50000. | ||
| Currency Options | Rupees 15 if the order value is below rupees 50000. | Rupees 100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | Rupees 30 if the order value is above rupees 50000. | 0.03% |
| Rupees 15 if the order value is below rupees 50000. | ||
| Rupees 30 if the order value is above rupees 50000. |
Conclusion:
With the help of the above information, on comparing the three leading full service stockbrokers in India. We can see why one should be investing in Angel Broking and not the other two despite the quality and wide range of services and products each of them offer. Any trader would benefit the most when the brokerage charges are low and fixed. Brokerage charges in % lead to the transaction being expensive.
So anyone who is a heavy trader should be trading through Angel Broking to enjoy the benefits. Rest it depends on each individual and according to their needs and preferences to choose the stockbroker.
