Here is a point by point comparison of Sharekhan Vs Upstox. Sharekhan is one of India’s leading full-service brokers. Founded back in the year 2000 and today with its presence in more than 575 cities of India, Sharekhan ranks second in retail stock broking in India. The stock broker has been recently sold out to BNP Paribas for INR 2000 crore. RKSV (or Upstox) is a discount broker launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
Everything about discount brokers such as Upstox is Online, be it – customer service, trading, account opening etc. Full service brokers such as Sharekhan, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Sharekhan and Upstox to help you find which of the two suits your needs better. The comparison is made on various aspects such as:
Account Opening Charges
Exposure or Leverages
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Sharekhan Vs Upstoxfor the benefits of other readers. Please feel free to share in the comments below.