Sharekhan Vs MyValueTrade - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

Sharekhan MyValueTrade
Classic Account Per Order Executed Fixed Monthly Plan
Trading Account Opening Fee ₹750 ₹555 ₹555
Trading Account AMC ₹0 ₹0 ₹0
Demat Account Opening Fee ₹0 ₹0 ₹0
Demat Account AMC * ₹400 ₹400 ₹400

Brokerage Charges

Compare the commission charged by the brokers for the trades executed

Sharekhan MyValueTrade
Classic Account Per Order Executed Fixed Monthly Plan
Monthly Fee NA NA ₹1000 (unlimited trading)
Equity Delivery 0.50% ₹10 ₹0
Equity Intraday 0.10% ₹10 ₹0
Equity Future 0.10% ₹10 ₹0
Equity Options ₹100 per lot ₹10 ₹0
Currency Futures 0.10% ₹10 ₹0
Currency Options ₹30 per lot ₹10 ₹0
Commodity 0.10% ₹10 ₹0

Transaction Charges (Per Crore)

Compare Transaction Charges (Exchange Turnover Charges + Clearing Charges or PCM Fee)

Sharekhan MyValueTrade
Classic Account Per Order Executed Fixed Monthly Plan
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Future * NSE ₹190 | BSE ₹50 NSE ₹300 | BSE ₹150 NSE ₹300 | BSE ₹150
Equity Options * NSE ₹5000 | BSE ₹50 NSE ₹6000 | BSE ₹3500 NSE ₹6000 | BSE ₹3500
Currency Futures * NSE ₹135 | MCX ₹130 NSE ₹120 | BSE ₹100 NSE ₹120 | BSE ₹100
Currency Options NSE ₹4220 | MCX ₹3220 NSE ₹4200 | BSE ₹1000 NSE ₹4200 | BSE ₹1000

Other Charges

Compare miscellaneous charges, minimum fees and add-on service rates.

Sharekhan MyValueTrade
Classic Account Per Order Executed Fixed Monthly Plan
Minimum Brokerage ₹16 per script ₹10 or .01% whichever is lower ₹10 or .01% whichever is lower
Call & Trade Rs 0 ₹20 per executed order ₹20 per executed order
DP Charges (on sell side) Rs 0 ₹15 per scrip ₹15 per scrip
Other Miscellaneous Charges - - -

Demat Account Charges

Find charges for the best Demat Account for small investors

Sharekhan MyValueTrade
Classic Account Per Order Executed Fixed Monthly Plan
Depository Service Provider CDSL - -
Account Opening Fee

Actual Stamp Paper Charges

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Advance Deposite

₹500 Advance which will be adjusted against billing (Optional)

Tariff D - Deposit ₹2999 (refund of deposit ₹2000 on closure)

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AMC

Scheme A: ₹400,
Scheme B: ₹500,
Scheme C: ₹350,
Scheme D: Nil,
Scheme E: ₹100,
Scheme F: ₹500,
Scheme H: ₹1000,
Scheme G: Nil(holding Value <= ₹50000) or 100(holding Value from ₹50001 to ₹200000)or 400(holding Value >₹200000)

Scheme A, C, E & H: Free for the 1st Year.

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Dematerialisation Charges

₹5 per certificate (Min ₹50 per request for Tariff A,B,C,D,E,F & H) (Min ₹100 per request for Tariff G )

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Rematerialisation Charges

₹50 per certificate or ₹50 for every hundred securities

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Transaction Charges (Credit) - - -
Transaction Charges (debit)

Scheme A & B: Sales through Sharekhan: ₹0 Else 0.03% of value of tran(min ₹30),

Scheme C & D: Sales through Sharekhan ₹6 Per tran Else 0.03% of value of tran(min ₹30),

Scheme E & H: Sales through Sharekhan 0.03% of value of tran (E:min ₹29, H:min ₹30) Else 0.03% of value of tran(min ₹49),

Scheme F: 0.03% of value of tran(min ₹30),

Scheme G: 0.03% of value of tran(min ₹49)

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Pledge Creation Charges

0.03 % of the value of the Transaction (Min ₹100 per transaction)

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Pledge Creation Confirmation Charges

Nil

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Pledge Invocation Charges

Nil

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Failed Instruction Charges

Nil

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Other Charges
  1. Freeze /De-freeze - ₹25 per request
  2. Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
  3. Client Master changes ₹30 per request for Tariff G
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Features

Compare key features offered the brokers.

Sharekhan MyValueTrade
Classic Account Per Order Executed Fixed Monthly Plan
Trading Platform TradeTiger OMNESYS NEST OMNESYS NEST

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