IIFL Securities vs Sharekhan – Compare Charges, Trading Features, Offers & more

Find a Comparison of IIFL Securities vs Sharekhan here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of IIFL Securities and Sharekhan.

Background

Year of Incorporation 1996 2000
Website https://www.indiainfoline.com/ https://www.sharekhan.com/
Phone 022-40071000 022-41523200
Exchanges enabled NSE, BSE, MCX-SX, MCX, & NCDEX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL/CDSL NSDL & CDSL
Brokerage

Equity 0.05% Intraday & 0.5% Delivery - Negotiable 0.03% for Intraday
Equity Futures 0.05% of Turnover - Negotiable 0.03% of Turnover
Equity Options Rs 100/lot - Negotiable Rs 20 per lot
Currency Futures Rs 25/lot - Negotiable 0.02% per Transaction Value
Currency Options Rs 10/lot - Negotiable Rs 5 per lot
Commodity 0.03% - Negotiable Rs 20 per lot
Account Opening Costs

Trading only NA Free
Trading & Demat Rs 750 Rs 400
Commodity NIL Rs 0
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% of Turnover 0.00325% of Turnover
Futures 0.0038% of Turnover 0.0021% of Turnover
Options 0.058% of Turnove 0.055% of Premium Turnover
Commodities 0.0041% of Turnover 0.0027% of Turnover
AMC charge Onetime Rs 555 or Rs 25/month Rs 400 per year
DP Transaction Charge 0.05% ( Minimum Rs 15 & Max Rs 100) Rs 30 or 0.03% whichever is higher
Offline order placing Charge NIL Not Available
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 20 Days 30 Days
End of Day 10 Years 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20x Intraday, & 3x for Delivery Upto 10x
Equity Futures Upto 3x for Intraday Upto 2x for Intraday
Equity Options Buying no leverage, Shorting upto 3x Upto 1x
Currency Futures Upto 2x for Intraday No Leverage
Currency Options Buying no leverage, Shorting upto 2x No Leverage
Commodity Upto 3x for Intraday Upto 2x for Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 2.78 Crores Rs 87.5 Crores
Profit after Tax FY12/13 Rs 9.69 Crores Rs 107 Crores
Profit after Tax FY13/14 Rs 14.69 Crores Rs 128.90 Crore
Profit after Tax FY 14/15 Rs 20.18 Crores Rs 168.52 Crore
Profit after Tax FY 15/16 Rs 25.84 Crores Rs 161.82 Crore
Profit after Tax FY 16/17 Rs 31.10 Crores Rs 121.89 Crore
Profit after Tax FY 17/18 Rs 31.10 Crores Rs 113.87 Crore
Profit after Tax FY 18/19 Rs 20.40 Crores Rs 191.48 Crore
Profit after Tax FY 19/20 Rs 27.72 Crores Rs 111.55 Crore
Profit after Tax FY 20/21 Rs 32.50 Crores Rs 131.23 Crore
Profit after Tax FY 21/22 Rs (214.66) Crores Rs 174.09 Crore
Profit after Tax FY 22/23 Rs (258.79) Crores Rs 205.86 Crore
Debt FY11/12 Rs 66.8 Crores Rs 335.1 Crores
Debt FY12/13 Rs 78.93 Crores Rs 335.1 Crores
Debt FY13/14 Rs 86.11 Crores Rs 486.64 Crores
Debt FY14/15 Rs 97.03 Crores Rs 481.20 Crores
Debt FY15/16 Rs 112.99 Crores Rs 376.69 Crores
Debt FY16/17 Rs 82.92 Crores Rs 364.87 Crores
Debt FY17/18 Rs 126.84 Crores Rs 547.71 Crores
Debt FY18/19 Rs 135.59 Crores Rs 434.84 Crores
Debt FY19/20 Rs 89.28 Crores Rs 565.48 Crores
Debt FY20/21 Rs 80.36 Crores Rs 455.09 Crores
Debt FY21/22 Rs 135.19 Crores Rs 453.87 Crores
Debt FY22/23 Rs 122.87 Crores Rs 593.90 Crores
Profit to Equity(%) FY11/12 17.48% 19.86
Profit to Equity(%) FY12/13 16.92% 16.04
Profit to Equity(%) FY13/14 21.8% Rs 22.13 Lakh
Profit to Equity(%) FY14/15 17.22% Rs 30.06
Profit to Equity(%) FY15/16 17.54% Rs 31.43
Profit to Equity(%) FY16/17 26.31% Rs 28.83
Profit to Equity(%) FY17/18 24.73% Rs 30.54
Profit to Equity(%) FY18/19 13.33% Rs 31.45
Profit to Equity(%) FY19/20 19.84% Rs 35.79
Profit to Equity(%) FY20/21 21.30% Rs 47.35
Profit to Equity(%) FY21/22 18.94% Rs 39.13
Profit to Equity(%) FY22/23 23.60% Rs 56.92
Balance Sheet Size FY11/12 Rs 782 Crores Rs 1689 Crores
Balance Sheet Size FY12/13 Rs 817 Crores Rs 1636 Crores
Balance Sheet Size FY13/14 Rs 827 Crores Rs 1715.00 Crores
Balance Sheet Size FY14/15 Rs 837.82 Crores Rs 2747.23 Crores
Balance Sheet Size FY15/16 Rs 835.05 Crores Rs 2700.50 Crores
Balance Sheet Size FY16/17 Rs 909.25 Crores Rs 2036.15 Crores
Balance Sheet Size FY17/18 Rs 947.73 Crores Rs 1791.65 Crores
Balance Sheet Size FY18/19 Rs 957.83 Crores Rs 3039.18 Crores
Balance Sheet Size FY19/20 Rs 960.20 Crores Rs 2876.57 Crores
Balance Sheet Size FY20/21 Rs 1,161.14 Crores Rs 1756.08 Crores
Balance Sheet Size FY21/22 Rs 1,315.5 Crores Rs 1965.11 Crores
Balance Sheet Size FY22/23 Rs 1,345 Crores Rs 2853.01 Crores

Comparison Link:

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Frequently Asked Questions

Is IIFL Securities better than Sharekhan ?

IIFL Securities and Sharekhan are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Sharekhan better than IIFL Securities ?

IIFL Securities and Sharekhan are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is IIFL Securities cheaper than Sharekhan ?

IIFL Securities and Sharekhan are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Sharekhan cheaper than IIFL Securities ?

IIFL Securities and Sharekhan are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better IIFL Securities vs. Sharekhan ?

To find out the better of the two stockbrokers IIFL Securities and Sharekhan, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.