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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
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 80 Lakhs Rs 113.87 Crore
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 191.48 Crore
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 111.55 Crore
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 131.23 Crore
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 174.09 Crore
Profit after Tax FY 22/23 Rs 97 Lakhs 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 6.23 Crores Rs 1689 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 1636 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 1715.00 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 2747.23 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 2700.50 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 2036.15 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 1791.65 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 3039.18 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 2876.57 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 1756.08 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 1965.11 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 2853.01 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free 0.03% for Intraday & 0.3% for Delivery - Negotiable
Equity Futures Rs 20/executed order 0.03% of Turnover - Negotiable
Equity Options Rs 20/executed order Rs 50/lot - Negotiable
Currency Futures Rs 20/executed order 0.03% of Turnover- Negotiable
Currency Options Rs 20/executed order Rs 20/lot- Negotiable
Commodity Rs 20/executed order 0.03% of Turnover- Negotiable
Account Opening Costs

Trading only Rs 250 NA
Trading & Demat Rs 460 Rs 500 which will be adjusted with brokerage
Commodity Rs 250 NA
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 Trading: 0, Rs 400/year for Demat Rs 400/year
DP Transaction Charge Rs 22/debit transaction Rs 30 or 0.03% whichever is higher
Offline order placing Charge Rs 25/order placed on the phone NA
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 20 times for intraday, 0 for delivery Upto 10 Times for Intraday & 5 Times for Delivery(Interest charged)
Equity Futures Upto 4 times for intraday Upto 2 times for Intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday No Leverage
Currency Futures Upto 4 times for intraday No Leverage
Currency Options Buying no leverage, shorting upto 4 times for intraday No Leverage
Commodity Upto 3 times for intraday Upto 2 times 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
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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.