The comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Mirae Asset Sharekhan is known for its user-friendly trading experience and reliability, while Icici Direct stands out for offering competitive brokerage rates and an advanced mobile trading platform. Upstox provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 31 lakh, 99 Lakhs, and 23.78 lakh users respectively, reflecting their popularity among investors. Overall, this comparison of Mirae Asset Sharekhan, ICICI Direct, and Upstox helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4 for Overall Rating, while ICICI Direct offers 4 and Upstox features 4.5.
| Services / Features | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | NSE, BSE |
| Active Clients | 31 lakh | 99 Lakhs | 23.78 lakh |
| Broker Overview | Mirae Asset Sharekhan Review | ICICI Direct Review | Upstox Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveal significant differences in their offerings. Mirae Asset Sharekhan provides N/A trading and demat account opening, while ICICI Direct offers N/A and Upstox features Free.
| Account Opening Charges and AMC | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Trading Account Opening | — | — | Free |
| Trading AMC | — | ₹300 per year | ₹300 |
| Demat Account Opening | — | — | Free |
| Demat AMC | ₹ 400 | ₹300 per year | ₹300 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan provides - plans, while ICICI Direct offers N/A and Upstox features -.
| Brokerage Plans | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Multiple Plans | - | — | - |
| Monthly Plans | - | — | - |
| Yearly Plans | - | — | - |
Brokerage Charges
This comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their brokerage charges. Mirae Asset Sharekhan charges 0.30% on trade price or minimum 1 paisa per share brokerage on equity delivery and intraday, 0.02% per transaction value (each side) for futures, and ₹39 per lot (each side) for options. ICICI Direct charges 0.29% brokerage on equity delivery and intraday, 0.022%/0.007% for Prime plans for futures, and ₹49 per lot or ₹9 per lot for the Prime 9,999 plan for options. Upstox charges ₹20 brokerage on equity delivery and intraday, ₹20 or 0.1% for futures, and ₹20 for options.
| Brokerage Charges | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Plan Name | - | - | |
| Equity Delivery | 0.30% on trade price or minimum 1 paisa per share | 0.29% | ₹20 |
| Equity Intraday | 0.02% on trade price or minimum 1 paisa per share | 0.022% or 0.007% | ₹20 or 0.1% |
| Equity Futures | 0.02% per transaction value (each side) | 0.022%/0.007% for Prime plans | ₹20 or 0.1% |
| Equity Options | ₹39 per lot (each side) | ₹49 per lot or ₹9 per lot for the Prime 9,999 plan | ₹20 |
| Currency Futures | 0.02% per transaction value (each side) | ₹20 per order | ₹20 or 0.5% |
| Currency Options | ₹5 per lot (each side) | ₹20 per order | ₹20 |
| Commodity Futures | 0.10% (one side) | ||
| Commodity Options | 1% on premium or ₹150, whichever is higher | ||
| Hidden Charges | No | Zero | No |
| Call & Trade Charges | NA | ₹50 per order | ₹75 + GST |
| Auto Square Off Charges | ₹50 per order | ₹50 per order | ₹75 + GST |
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Transactions Charges
This comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their transactions. Mirae Asset Sharekhan provides NSE: 0.00297% | 0.00375% for Transaction Charges Equity Delivery, while ICICI Direct offers NSE: 0.00307% | BSE: 0.00375% and Upstox features NSE: 0.00297% per trade.
| Transactions Charges | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Equity Delivery | NSE: 0.00297% | 0.00375% | NSE: 0.00307% | BSE: 0.00375% | NSE: 0.00297% per trade |
| Equity Intraday | NSE: 0.00297% | 0.00375% | NSE: 0.00307% | BSE: 0.00375% | NSE: 0.00297% per trade |
| Equity Futures | NSE: 0.00173% | NSE: 0.00183% | BSE: 0 | NSE: 0.00188% |
| Equity Options | NSE: 0.03503% on Premium | NSE: 0.03553% (on premium) | BSE: 0.0325% (on premium) | NSE: 0.0495% (on premium) |
| Currency Futures | NSE: 0.00035% | — | NSE: 0.00035% BSE: 0.00045% |
| Currency Options | NSE: 0.0311% | — | NSE: 0.0311% BSE: 0.001% |
| Commodity | 0.0418% | 0.0418% on Premium | 0.05% |
Account Features
These are the notable distinctions in the account features of Mirae Asset Sharekhan, ICICI Direct, and Upstox when compared.
| Account Features | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| 3-in-1 Account | No | Yes | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | Yes | No |
Trading Platforms
The trading platforms comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan, ICICI Direct and Upstox provide web trading platforms and mobile trading platforms.
| Trading Platforms | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | ICICI Direct | Upstox | |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | ||
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Nil | Free |
Broker Ratings
The broker ratings comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4.3 for Fees Ratings, while ICICI Direct offers 4.3 and Upstox features 4.3.
| Broker Ratings | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.3 | 4.3 |
| Trading Brokerage Rating | 4.3 | 4.4 | 4.4 |
| Trading Platform Usability | 4,3 | 4.4 | 4.4 |
| Customer Service Ratings | 4.2 | 4.3 | 4.2 |
| Overall Ratings | 4.3 | 4.3 | 4.3 |
Investment Offerings
This comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their investment offerings. Mirae Asset Sharekhan provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while ICICI Direct provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and Upstox provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | Yes | No |
| Insurance | No | Yes | No |
| Forex | Yes | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | Yes |
| Other Investment Options | Yes | Yes | Yes |
Customer Support Offered
This comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their customer support offerings. Mirae Asset Sharekhan provides Yes Customer Service, while ICICI Direct offers Yes and Upstox features No.
| Customer Support Offered | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | — | — | No |
| Through Branches | Yes | — | Yes |
| Customer Care Number | 02241683500 | 022 3355 1122 | 022-41792999 |
| Account Opening Process | Online/Paperless | Online/Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://www.sharekhan.com/learn-and-grow | — | https://upstox.com/uplearn/ |
| Head Office Address | Sharekhan Limited, 1st Floor, Tower No. 3, Equinox Business Park, LBS Marg, Off BKC, Kurla (West), Mumbai 400 070, Maharashtra, India. | ICICI Venture House, | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013 |
| Website | https://www.sharekhan.com/ | https://www.icicidirect.com/ | https://upstox.com/ |
Research and Reports
The research and reports comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their offerings.
| Research and Reports | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between Mirae Asset Sharekhan, ICICI Direct, and Upstox reveals significant differences in their demat account charges. Mirae Asset Sharekhan provides NSDL & CDSL for DP Source, while ICICI Direct offers NSDL & CDSL and Upstox features CDSL.
| Demat Account Charges | Mirae Asset Sharekhan | ICICI Direct | Upstox |
|---|---|---|---|
| DP Source | NSDL & CDSL | NSDL & CDSL | CDSL |
| DP ID | NSDL - 300513 | CDSL - 12036000 | — | 81800 |
| Demat Account Annual Maintenance Charges (AMC) | ₹ 400 | Rs 700 | Rs 300 |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | — | — | — |
| Demat | ₹ 5 per share certificate (minimum ₹ 50 per request) | ₹50 | — |
| Remat | ₹ 50 per certificate or ₹ 50 for every hundred securities | ₹25 + CDSL charges | — |
| Pledge Creation | ₹ 20 per transaction | ₹25 + GST | ₹20 + GST per scrip |
| Pledge Creation Confirmation | NA | ₹25 + GST | Yes |
| Pledge Closure | ₹ 20 per transaction | ₹25 + GST | ₹20 + GST per scrip |
| Pledge Closure Confirmation | NA | ₹25 + GST | Yes |
| Pledge Invocation | ₹ 20 per transaction | ₹25 + GST | ₹20 + GST per scrip |
| Failed Instruction Charges | — | NA | ₹50 per transaction |
| Other Charges | — | NA | No |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Mirae Asset Sharekhan |
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| ICICI Direct |
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| Upstox |
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Frequently Asked Questions
The account opening charges vary significantly: Mirae Asset Sharekhan charges Not specified, ICICI Direct charges Not specified, and Upstox charges Free. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: Mirae Asset Sharekhan offers 0.02% on trade price or minimum 1 paisa per share for equity intraday, ICICI Direct provides 0.022% or 0.007%, and Upstox charges ₹20 or 0.1%. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: Mirae Asset Sharekhan offers 4, ICICI Direct provides 4, and Upstox features 4.5. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: Mirae Asset Sharekhan has 4 support, ICICI Direct offers 4, and Upstox provides 4.4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: Mirae Asset Sharekhan with 4,3, ICICI Direct with 4.4, and Upstox with 4.4. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: Mirae Asset Sharekhan (Yes), ICICI Direct (Yes), and Upstox (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: Mirae Asset Sharekhan offers user-friendly platforms with educational resources, ICICI Direct provides competitive pricing with intuitive interfaces, and Upstox combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: Mirae Asset Sharekhan focuses on intuitive design and quick execution, ICICI Direct emphasizes advanced charting and analysis tools, while Upstox balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
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Mirae Asset Sharekhan
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