The comparison between Mirae Asset Sharekhan, Kotak Securities, 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 Kotak Securities 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, 14,56,772, and 23.78 lakh users respectively, reflecting their popularity among investors. Overall, this comparison of Mirae Asset Sharekhan, Kotak Securities, 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, Kotak Securities, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4 for Overall Rating, while Kotak Securities offers 4 and Upstox features 4.5.
| Services / Features | Mirae Asset Sharekhan | Kotak Securities | 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 | 14,56,772 | 23.78 lakh |
| Broker Overview | Mirae Asset Sharekhan Review | Kotak Securities Review | Upstox Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Mirae Asset Sharekhan, Kotak Securities, and Upstox reveal significant differences in their offerings. Mirae Asset Sharekhan provides N/A trading and demat account opening, while Kotak Securities offers Zero and Upstox features Free.
| Account Opening Charges and AMC | Mirae Asset Sharekhan | Kotak Securities | Upstox |
|---|---|---|---|
| Trading Account Opening | — | Zero | Free |
| Trading AMC | — | ₹500 per year | ₹300 |
| Demat Account Opening | — | Zero | Free |
| Demat AMC | ₹400 | ₹300 per year | ₹300 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Mirae Asset Sharekhan, Kotak Securities, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan provides - plans, while Kotak Securities offers - and Upstox features -.
| Brokerage Plans | Mirae Asset Sharekhan | Kotak Securities | Upstox |
|---|---|---|---|
| Multiple Plans | - | - | - |
| Monthly Plans | - | - | - |
| Yearly Plans | - | - | - |
Brokerage Charges
This comparison between Mirae Asset Sharekhan, Kotak Securities, 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. Kotak Securities charges Rs 10 per order brokerage on equity delivery and intraday, Rs 10 per order for futures, and Rs 10 per order 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 | Kotak Securities | Upstox |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | 0.30% on trade price or minimum 1 paisa per share | Rs 10 per order | ₹20 |
| Equity Intraday | 0.02% on trade price or minimum 1 paisa per share | Rs 10 per order | ₹20 or 0.1% |
| Equity Futures | 0.02% per transaction value (each side) | Rs 10 per order | ₹20 or 0.1% |
| Equity Options | ₹39 per lot (each side) | Rs 10 per order | ₹20 |
| Currency Futures | 0.02% per transaction value (each side) | Rs 10 per order | ₹20 or 0.5% |
| Currency Options | ₹5 per lot (each side) | Rs 10 per order | ₹20 |
| Commodity Futures | 0.10% (one side) | ||
| Commodity Options | 1% on premium or ₹150, whichever is higher | ||
| Hidden Charges | No | No | No |
| Call & Trade Charges | NA | ₹75 + GST | |
| Auto Square Off Charges | ₹50 per order | ₹75 + GST | |
| Brokerage Calculator |
Transactions Charges
This comparison between Mirae Asset Sharekhan, Kotak Securities, and Upstox reveals significant differences in their transactions. Mirae Asset Sharekhan provides NSE: 0.00297% | 0.00375% for Transaction Charges Equity Delivery, while Kotak Securities offers NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) and Upstox features NSE: 0.00297% per trade.
| Transactions Charges | Mirae Asset Sharekhan | Kotak Securities | Upstox |
|---|---|---|---|
| Equity Delivery | NSE: 0.00297% | 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE: 0.00297% per trade |
| Equity Intraday | NSE: 0.00297% | 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% per trade |
| Equity Futures | NSE: 0.00173% | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE: 0.00188% |
| Equity Options | NSE: 0.03503% on Premium | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE: 0.0495% (on premium) |
| Currency Futures | NSE: 0.00035% | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | NSE: 0.00035% BSE: 0.00045% |
| Currency Options | NSE: 0.0311% | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE: 0.0311% BSE: 0.001% |
| Commodity | 0.0418% | — | 0.05% |
Account Features
These are the notable distinctions in the account features of Mirae Asset Sharekhan, Kotak Securities, and Upstox when compared.
| Account Features | Mirae Asset Sharekhan | Kotak Securities | 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, Kotak Securities, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan, Kotak Securities and Upstox provide web trading platforms and mobile trading platforms.
| Trading Platforms | Mirae Asset Sharekhan | Kotak Securities | Upstox |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Sharekhan | Nest Trading Terminal | 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 | Sharekhan IOS App | Download | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Zero | Free |
Broker Ratings
The broker ratings comparison between Mirae Asset Sharekhan, Kotak Securities, and Upstox reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4.3 for Fees Ratings, while Kotak Securities offers 4.3 and Upstox features 4.3.
| Broker Ratings | Mirae Asset Sharekhan | Kotak Securities | Upstox |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.3 | 4.3 |
| Trading Brokerage Rating | 4.3 | 4.3 | 4.4 |
| Trading Platform Usability | 4,3 | 4.3 | 4.4 |
| Customer Service Ratings | 4.2 | 5.4 | 4.2 |
| Overall Ratings | 4.3 | 4.3 | 4.3 |
Investment Offerings
This comparison between Mirae Asset Sharekhan, Kotak Securities, 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 Kotak Securities 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 | Kotak Securities | 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
The comparison between Mirae Asset Sharekhan, Kotak Securities, and Upstox reveals significant differences in their Customer Support. Mirae Asset Sharekhan provides Yes, while Kotak Securities offers Yes and Upstox features No.
| Customer Support | Mirae Asset Sharekhan | Kotak Securities | 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 | - | 1800 209 9191 | No |
| Through Branches | Yes | — | Yes |
| Customer Care Number | 02241683500 | 1800 209 9191 | 022-41792999 |
| Account Opening Process | Online/Paperless | Online/Paperless | 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. | 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013 |
| Website | https://www.sharekhan.com/ | https://www.kotaksecurities.com/ | https://upstox.com/ |
Research and Reports
The research and reports comparison between Mirae Asset Sharekhan, Kotak Securities, and Upstox reveals significant differences in their offerings.
| Research and Reports | Mirae Asset Sharekhan | Kotak Securities | 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, Kotak Securities, and Upstox reveals significant differences in their demat account charges. Mirae Asset Sharekhan provides NSDL & CDSL for DP Source, while Kotak Securities offers CDSL and Upstox features CDSL.
| Demat Account Charges | Mirae Asset Sharekhan | Kotak Securities | Upstox |
|---|---|---|---|
| DP Source | NSDL & CDSL | CDSL | CDSL |
| DP ID | NSDL - 300513 | CDSL - 12036000 | 629-2021 | 81800 |
| Demat Account Annual Maintenance Charges (AMC) | ₹ 400 | Rs 600 | Rs 300 |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | - | — | — |
| Demat | ₹ 5 per share certificate (minimum ₹ 50 per request) | Rs. 150 per certificate | — |
| Remat | ₹ 50 per certificate or ₹ 50 for every hundred securities | Rs.10 for 100 securities | — |
| Pledge Creation | ₹ 20 per transaction | Rs 20 per ISIN | ₹20 + GST per scrip |
| Pledge Creation Confirmation | NA | Rs 20 per ISIN | Yes |
| Pledge Closure | ₹ 20 per transaction | Rs 20 per ISIN | ₹20 + GST per scrip |
| Pledge Closure Confirmation | NA | Rs 20 per ISIN | Yes |
| Pledge Invocation | ₹ 20 per transaction | Rs 20 per ISIN | ₹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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| Kotak Securities |
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| Upstox |
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User Experience: Buying Stocks
Mirae Asset Sharekhan – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.02% on trade price or minimum 1 paisa per share, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around 31 lakh active clients use this broker.
Kotak Securities – User Trading Experience
Account Opening Experience: Users benefit from a 3-in-1 integrated banking setup, making fund transfers seamless.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is Rs 10 per order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 5.4/5.
Market Presence: Around 14,56,772 active clients use this broker.
Upstox – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4.5/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹20 or 0.1%, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around 23.78 lakh active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: Mirae Asset Sharekhan charges Not specified, Kotak Securities charges Zero, 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, Kotak Securities provides Rs 10 per order, 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, Kotak Securities 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, Kotak Securities 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, Kotak Securities with 4.3, 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), Kotak Securities (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, Kotak Securities 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, Kotak Securities 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.
Stock Broker Review
Mirae Asset Sharekhan
Kotak Securities
