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Zerodha vs Share.Market- Which is Better?

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When it comes to choosing a stock trading platform in India, many people compare prominent options such as PhonePe’s Share.Market and Zerodha. Both platforms provide unique features and rewards for different sorts of investors.

PhonePe’s Share.Market, which is integrated within the widely used digital payments app, promises a seamless and user-friendly trading experience, whereas Zerodha, a well-known name in the sector, is known for its low-cost trading and extensive training materials.

Whether you’re a newbie looking for simplicity or a seasoned trader looking for complex tools, recognizing the differences will help you make an informed decision.

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Zerodha

Zerodha is India’s premier stockbroker, noted for its wide range of online flat cost discount brokerage services. Zerodha allows investors to trade equity, currency, commodities, IPOs, futures and options, bonds, government securities, and direct mutual funds.

The platform provides a considerable benefit by charging no brokerage costs for equity delivery trades and direct mutual funds. For intraday and futures trading, Zerodha charges a flat fee of Rs 20 or 0.03% every deal, whichever is less. Options trading incurs a fixed cost of Rs 20 each executed order.

This means that regardless of the size, quantity, or portion of the trade, you will pay a maximum brokerage fee of Rs 20 per order.

Share.Market

Share.Market by PhonePe is a comprehensive stock market investment software that enables users to invest in stocks, IPOs, WealthBaskets, Futures and Options (F&O), Mutual Funds, and other assets. The platform, designed with the consumer in mind, promises to streamline the investment process while retaining strong security measures.

It provides a smooth investment experience, allowing customers to reach their financial goals. Share.Market allows you to explore and invest in a wide range of financial products from anywhere, making it easy to manage and grow your interests in the Indian stock market.

Zerodha

Key Features of the Zerodha

  • Easy internet access to stocks, bonds, futures and options, mutual funds, and other investments.
  • Two-in-one account allows for smooth transactions between trading and demat accounts.
  • Dividends are automatically paid to the associated bank account.
  • Low debit transaction fees for stocks and mutual funds.
  • Largest stockbroker based on active clients, market volume, and new customer acquisition.
  • Known for their safety, dependability, and trustworthiness.
    Offers powerful internet trading tools.
  • There are no brokerage costs for equity delivery or mutual funds.
  • The maximum brokerage cost is Rs 20 per trade, which saves 60% to 90% on brokerage when compared to typical brokers.
  • Intraday trading allows for up to 20x leverage.
  • Provides Zero Commission Direct Mutual Funds.
  • Suitable for all investor types, including novices, active and passive investors, active traders, and algorithmic traders.

Key Features of the Share.Market

  • Free Demat account so you can begin trading on the stock market now.
  • Account opening involves a simple, safe, and paperless KYC process.
  • One Demat account for managing stocks, ETFs, mutual funds, WealthBaskets, futures and options, and initial public offerings (IPOs).
  • WealthBaskets are a collection of equities and ETFs.
  • Curated around sophisticated, research-backed financial techniques or concepts.


Direct Charges

Details

Zerodha

Share.Marktet

Online Account Opening charge

Rs. 200

Rs.0

Offline Account Opening Charge

Rs. 500

N/A

NRI account (offline only)

Rs. 500

N/A

AMC

Account Maintenance Charges (AMC) for BSDA demat accounts. There are no charges if the holding value is less than Rs.50,000.

Rs.0(1st Year)

Rs.15 per month(From 2nd year also charged quarterly in advance)


Brokerage Charges

Details

Zerodha

Share.Market (For Demat Accounts Opened Before June 30, 2024)

Share.Market (For demat accounts opened After 31st Dec 2024)

Equity delivery

Zero Brokerage

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Equity intraday

0.03% or Rs. 20/executed order whichever is lower

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Equity F&O – Futures

0.03% or Rs. 20/executed order whichever is lower

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Equity F&O – Options

Flat Rs. 20 per executed order

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Currency futures

0.03% or Rs. 20/executed order whichever is lower

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Currency options

Rs. 20/executed order

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Commodity futures

0.03% or Rs. 20/executed order whichever is lower

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Commodity options

Rs. 20/executed order

Rs.0 per executed order

Rs.20 per executed order or 0.05% (whichever is lower)

Examples:
Equity Delivery:
Zerodha.

Charges: No brokerage fees.
For example, if you buy shares for Rs. 50,000, you will not pay any brokerage costs. Even if you buy shares worth 5 lakh, still the brokerage will be zero.
Share.Market (Demat Account open before June 30, 2024):
Charges: Rs.0 per executed order.
For example, if you buy shares for Rs. 50,000, there will be no brokerage charges. Even if you buy shares worth 5 lakh, still the brokerage will be zero.
Share.Market (Demat Accounts created after December 31, 2024):
Charges are Rs. 20 per performed order or 0.05% (whichever is lowest).
For example, if you buy shares for Rs. 50,000, you will be charged Rs. 20. On buy side, because the brokerage calculated by 0.05% is higher than 20 rupees.


Equity Intraday: 
Zerodha

Charges: 0.03% or Rs.20 per executed order (whichever is lower).
For example, if you trade intraday with a turnover of Rs. 1,00,000, you pay Rs. 20 on buy side, because the brokerage generated by 0.03% is more than 20 Rs.
Share.Market (Demat Account open before June 30, 2024):
Charges: Rs.0 per executed order.
For example, intraday trading with a turnover of Rs. 1,000,000 would incur no brokerage charges.
Share.Market (Demat Accounts created after December 31, 2024):
Charges are Rs. 20 per performed order or 0.05% (whichever is lowest).
Example: For intraday trading with a turnover of Rs. 1,00,000, the charge would be Rs. 20. As the brokerage generated by 0.05% is higher than 20 Rs.

Equity Futures:

Zerodha
Charges: 0.03% or Rs.20 per executed order (whichever is lower).
Trading futures with a turnover of Rs. 2,00,000 would cost Rs. 60 in brokerage (0.03% of Rs. 2,00,000).
Share.Market (Demat Account open before June 30, 2024):
Charges: Rs.0 per executed order.
For example, no brokerage charges would apply to futures trading with a turnover of Rs. 2,00,000.
Share.Market (Demat Accounts created after December 31, 2024):
Charges are Rs. 20 per performed order or 0.05% (whichever is lowest).
For futures trading with a turnover of Rs. 2,00,000, the charge would be Rs. 100 (since 0.05% of Rs. 2,00,000 is Rs. 100, which is greater than Rs. 20).

Equity Options:

Zerodha
Charges: Flat Rs. 20 per performed order.
For example, executing an options trade will cost Rs. 20 per order, regardless of the transaction value.
Share.Market (Demat Account open before June 30, 2024):
Charges: Rs.0 per executed order.
For example, no brokerage fees would be incurred when trading options.
Share.Market (Demat Accounts created after December 31, 2024):
Charges are Rs. 20 per performed order or 0.05% (whichever is lowest).
For example, if an options trade resulted in a charge of Rs. 25 based on 0.05%, the charge would be Rs. 20 (since Rs. 20 is less).


Regulatory Charges for Zerodha

  • STT

Securities and Commodities Transaction Tax (STT/CTT) is a government tax imposed on exchange transactions. Equity delivery trading incurs a charge on both the buy and sell sides. Intraday and F&O trading makes just a sell-side charge.

  • Transaction/Turnover Charges

Exchanges (NSE, BSE, and MCX) impose transaction/turnover charges based on transaction value.

  • Stamp charges

Stamp charges are imposed by the Indian government under the Indian Stamp Act of 1899 on stock exchange and depository transactions.

  • NRI Brokerage Charges

Futures and options cost Rs.100 each order.
Equity (non-PIS accounts): 0.5% or Rs.100 per order, whichever is less.
Equity (PIS account) fee: 0.5% or Rs.200 per order, whichever is lesser.
Annual Maintenance Charge (AMC): Rs.500 + GST.

  • GST

18% tax on brokerage, SEBI, and transaction charges.

  • SEBI charges

SEBI charges Rs.10 per crore plus GST for market regulation.

  • AMC

Account Maintenance Charges (AMC) for BSDA demat accounts. There are no charges if the holding value is less than Rs.50,000.
Non-BSDA demat account: Rs.300 per year + 18% GST, charged quarterly.

  • Delayed Payment Charges

Interest is charged at a rate of 18% per year, or 0.05% per day, on the debit balance in your trading account.

Regulatory Charges for Share.Market

Charge Head

Equity Delivery

Equity Intraday

F&O – Futures

F&O – Options

Security Transaction Tax

0.1% on turnover

0.025% on sell turnover

0.0125% on the sell side

0.125% of the intrinsic value on options that are bought and exercised. 0.0625% on sell side (on premium).

Exchange Transaction charges (NSE)

0.00322% of turnover

0.00322% of turnover

0.00188%

0.0495% (on premium)

Exchange Transaction charges (BSE)

0.00375% of turnover

0.00375% of turnover

0

0.005% (on premium)

SEBI Turnover Fees

0.0001% of turnover

0.0001% of turnover

0.0001% of turnover

0.0001% of turnover

Stamp duty

0.015% on buy turnover

0.003% on buy turnover

0.002% on buy side

0.003% on buy side

GST is applicable on all above charges except stamp charges
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Conclusion

Choosing between Zerodha and PhonePe’s Share.Market is based on your individual trading requirements. Zerodha distinguishes itself with its well-known low-cost structure, which includes rs.0 brokerage for equity delivery trades and direct mutual funds, as well as a flat price of Rs. 20 (0.03%) per executed order for intraday and futures trading.

It also offers substantial educational resources and a reliable trading platform for all types of investors. PhonePe’s Share.Market, on the other hand, works smoothly with its digital payment’s app as well as a choice of investment alternatives such as equities, IPOs, and mutual funds.

It focuses on a faster investment procedure and solid security measures. If you value cost-effectiveness and complete trading tools, Zerodha is perhaps the superior option. However, if you value integration with a widely used financial platform and simplicity in trading, PhonePe’s Share.Market may be more suitable.


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