Upstox vs Sharekhan – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox 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 Upstox and Sharekhan.

Background

Year of Incorporation 2010 2000
Website https://upstox.com/ https://www.sharekhan.com/
Phone 022-41792999 022-41523200
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL & CDSL
Brokerage

Equity Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery 0.03% for Intraday
Equity Futures Rs 20 or 0.05% per executed order 0.03% of Turnover
Equity Options Rs 20 or 0.05% per executed order Rs 20 per lot
Currency Futures Rs 20 or 0.05% per executed order 0.02% per Transaction Value
Currency Options Rs. 20 per lot Rs 5 per lot
Commodity Rs 20 per executed order Rs 20 per lot
Account Opening Costs

Trading only Free Free
Trading & Demat Zero Rs 400
Commodity Zero Rs 0
Transparency & other costs

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

Equity 0.0035% on Turnover 0.00325% of Turnover
Futures 0.0021% on Turnover 0.0021% of Turnover
Options 0.059% on Premium Turnover 0.055% of Premium Turnover
Commodities 0.0036% on Turnover 0.0027% of Turnover
AMC charge Zero Rs 400 per year
DP Transaction Charge Rs 18.5 per debit transaction Rs 30 or 0.03% whichever is higher
Offline order placing Charge Rs 25 per order placed on the phone Not Available
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 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 5x on Intraday and Upto 1x on Delivery Upto 10x
Equity Futures Upto 4x for intraday Upto 2x for Intraday
Equity Options Buying no leverage, shorting upto 4x for intraday Upto 1x
Currency Futures Upto 4x for intraday No Leverage
Currency Options Buying no leverage, shorting upto 4x for intraday 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 16 Lakhs Rs 87.5 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 107 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 128.90 Crore
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 168.52 Crore
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 161.82 Crore
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 121.89 Crore
Profit after Tax FY 17/18 Rs 86 Lakhs Rs 113.87 Crore
Profit after Tax FY 18/19 Rs 92 Lakhs Rs 191.48 Crore
Profit after Tax FY 19/20 Rs 97 Lakhs Rs 111.55 Crore
Profit after Tax FY 20/21 Rs 105 Crores Rs 131.23 Crore
Profit after Tax FY 21/22 Rs 118 Crores Rs 174.09 Crore
Profit after Tax FY 22/23 Rs 125 Crores Rs 205.86 Crore
Debt FY11/12 0 Rs 335.1 Crores
Debt FY12/13 0 Rs 335.1 Crores
Debt FY13/14 Rs 1.38 Crores Rs 486.64 Crores
Debt FY14/15 Rs 1.77 Crores Rs 481.20 Crores
Debt FY15/16 Rs 2.13 Crores Rs 376.69 Crores
Debt FY16/17 Rs 2.44 Crores Rs 364.87 Crores
Debt FY17/18 Rs 2.87 Crores Rs 547.71 Crores
Debt FY18/19 Rs 3.11 Crores Rs 434.84 Crores
Debt FY19/20 Rs 3.56 Crores Rs 565.48 Crores
Debt FY20/21 Rs 3.91 Crores Rs 455.09 Crores
Debt FY21/22 Rs 4.18 Crores Rs 453.87 Crores
Debt FY22/23 Rs 4.40 Crores Rs 593.90 Crores
Profit to Equity(%) FY11/12 3.48% 19.86
Profit to Equity(%) FY12/13 5.10% 16.04
Profit to Equity(%) FY13/14 13.73% Rs 22.13 Lakh
Profit to Equity(%) FY14/15 15.70% Rs 30.06
Profit to Equity(%) FY15/16 16.22% Rs 31.43
Profit to Equity(%) FY16/17 16.87% Rs 28.83
Profit to Equity(%) FY17/18 17.42% Rs 30.54
Profit to Equity(%) FY18/19 17.99% Rs 31.45
Profit to Equity(%) FY19/20 18.54% Rs 35.79
Profit to Equity(%) FY20/21 19.01% Rs 47.35
Profit to Equity(%) FY21/22 21.58% Rs 39.13
Profit to Equity(%) FY22/23 22.15% Rs 56.92
Balance Sheet Size FY11/12 Rs 216.23 Crores Rs 1689 Crores
Balance Sheet Size FY12/13 Rs 225.10 Crores Rs 1636 Crores
Balance Sheet Size FY13/14 Rs 232.97 Crores Rs 1715.00 Crores
Balance Sheet Size FY14/15 Rs 248.78 Crores Rs 2747.23 Crores
Balance Sheet Size FY15/16 Rs 349.94 Crores Rs 2700.50 Crores
Balance Sheet Size FY16/17 Rs 450.25 Crores Rs 2036.15 Crores
Balance Sheet Size FY17/18 Rs 458.87 Crores Rs 1791.65 Crores
Balance Sheet Size FY18/19 Rs 563.55 Crores Rs 3039.18 Crores
Balance Sheet Size FY19/20 Rs 575.90 Crores Rs 2876.57 Crores
Balance Sheet Size FY20/21 Rs 589.52 Crores Rs 1756.08 Crores
Balance Sheet Size FY21/22 Rs 605.55 Crores Rs 1965.11 Crores
Balance Sheet Size FY22/23 Rs 616.10 Crores Rs 2853.01 Crores

Comparison Link:

Compare Upstox Compare Sharekhan
Upstox Vs Punch Trade Sharekhan Vs Punch Trade
Upstox Vs BlinkX Sharekhan Vs BlinkX
Upstox Vs Lemonn Sharekhan Vs Lemonn
Upstox Vs Mandot Securities Sharekhan Vs Mandot Securities
Upstox Vs HDFC Sky Sharekhan Vs HDFC Sky
Upstox Vs Dhan Sharekhan Vs Dhan
Upstox Vs Goodwill Wealth Sharekhan Vs Goodwill Wealth
Upstox Vs Shoonya by Finvasia Sharekhan Vs Shoonya by Finvasia
Upstox Vs NJ Wealth Sharekhan Vs NJ Wealth
Upstox Vs Paytm Money Sharekhan Vs Paytm Money
Upstox Vs Globe Capital Sharekhan Vs Globe Capital
Upstox Vs Finvasia Sharekhan Vs Finvasia
Upstox Vs Cholamandalam Securities Sharekhan Vs Cholamandalam Securities
Upstox Vs Canara Bank Sharekhan Vs Canara Bank
Upstox Vs Axis Direct Sharekhan Vs Axis Direct
Upstox Vs Alice Blue Sharekhan Vs Alice Blue
Upstox Vs 5Paisa Sharekhan Vs 5Paisa
Upstox Vs M.stock Sharekhan Vs M.stock
Upstox Vs WisdomCapital Sharekhan Vs WisdomCapital
Upstox Vs Way2wealth Sharekhan Vs Way2wealth
Upstox Vs Ventura Securities Sharekhan Vs Ventura Securities
Upstox Vs Navia Markets Ltd Sharekhan Vs Navia Markets Ltd
Upstox Vs Tradejini Sharekhan Vs Tradejini
Upstox Vs Tata Securities Sharekhan Vs Tata Securities
Upstox Vs Swastika Investmart Sharekhan Vs Swastika Investmart
Upstox Vs SMC Global Sharekhan Vs SMC Global
Upstox Vs SBICAP Securities Sharekhan Vs SBICAP Securities
Upstox Vs SASOnline Sharekhan Vs SASOnline
Upstox Vs Samco securities Sharekhan Vs Samco securities
Upstox Vs RK Global Sharekhan Vs RK Global
Upstox Vs Reliance Securities Sharekhan Vs Reliance Securities
Upstox Vs Nirmal Bang Sharekhan Vs Nirmal Bang
Upstox Vs Master Trust Capital Sharekhan Vs Master Trust Capital
Upstox Vs Kotak Securities Sharekhan Vs Kotak Securities
Upstox Vs Interactive Brokers Sharekhan Vs Interactive Brokers
Upstox Vs IIFL Securities Sharekhan Vs IIFL Securities
Upstox Vs Dhani Sharekhan Vs Dhani
Upstox Vs IDBI Capital Sharekhan Vs IDBI Capital
Upstox Vs HDFC Securities Sharekhan Vs HDFC Securities
Upstox Vs Geojit Sharekhan Vs Geojit
Upstox Vs Fyers Securities Sharekhan Vs Fyers Securities
Upstox Vs Edelweiss Capital Sharekhan Vs Edelweiss Capital
Upstox Vs Easytradez Sharekhan Vs Easytradez
Upstox Vs Rupeezy Sharekhan Vs Rupeezy
Upstox Vs Anand Rathi Sharekhan Vs Anand Rathi
Upstox Vs Aditya Birla Money Sharekhan Vs Aditya Birla Money
Upstox Vs Achiievers Sharekhan Vs Achiievers
Upstox Vs Angel One Sharekhan Vs Angel One
Upstox Vs Motilal Oswal Sharekhan Vs Motilal Oswal
Upstox Vs ICICI Direct Sharekhan Vs ICICI Direct
Upstox Vs Groww Sharekhan Vs Groww
Upstox Vs Tradesmart Online Sharekhan Vs Tradesmart Online
Upstox Vs Zerodha Sharekhan Vs Zerodha

Frequently Asked Questions

Is Upstox better than Sharekhan ?

Upstox 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 Upstox ?

Upstox 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 Upstox cheaper than Sharekhan ?

Upstox 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 Upstox ?

Upstox 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 Upstox vs. Sharekhan ?

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