The comparison between Mirae Asset Sharekhan, Upstox, and M.Stock 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 Upstox stands out for offering competitive brokerage rates and an advanced mobile trading platform. M Stock provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 31 lakh, 23.78 lakh, and 5,02,584 users respectively, reflecting their popularity among investors. Overall, this comparison of Mirae Asset Sharekhan, Upstox, and M.Stock 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, Upstox, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4 for Overall Rating, while Upstox offers 4.5 and M.Stock features 4.5.
| Services / Features | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | NSE, BSE |
| Active Clients | 31 lakh | 23.78 lakh | 5,02,584 |
| Broker Overview | Mirae Asset Sharekhan Review | Upstox Review | m.Stock Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Mirae Asset Sharekhan, Upstox, and M.Stock reveal significant differences in their offerings. Mirae Asset Sharekhan provides N/A trading and demat account opening, while Upstox offers Free and M.Stock features Zero.
| Account Opening Charges and AMC | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Trading Account Opening | — | Free | Zero |
| Trading AMC | — | ₹300 | ₹880 |
| Demat Account Opening | — | Free | Zero |
| Demat AMC | ₹ 400 | ₹300 | ₹880 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Mirae Asset Sharekhan, Upstox, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan provides - plans, while Upstox offers - and M.Stock features No.
| Brokerage Plans | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Multiple Plans | - | - | No |
| Monthly Plans | - | - | No |
| Yearly Plans | - | - | No |
Brokerage Charges
This comparison between Mirae Asset Sharekhan, Upstox, and M.Stock 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. Upstox charges ₹20 brokerage on equity delivery and intraday, ₹20 or 0.1% for futures, and ₹20 for options. M.Stock charges Zero brokerage on equity delivery and intraday, ₹5 per order for futures, and ₹5 per order for options.
| Brokerage Charges | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | 0.30% on trade price or minimum 1 paisa per share | ₹20 | Zero |
| Equity Intraday | 0.02% on trade price or minimum 1 paisa per share | ₹20 or 0.1% | ₹5 per order |
| Equity Futures | 0.02% per transaction value (each side) | ₹20 or 0.1% | ₹5 per order |
| Equity Options | ₹39 per lot (each side) | ₹20 | ₹5 per order |
| Currency Futures | 0.02% per transaction value (each side) | ₹20 or 0.5% | - |
| Currency Options | ₹5 per lot (each side) | ₹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 | Zero |
| Auto Square Off Charges | ₹50 per order | ₹75 + GST | ₹40 per executed order + GST |
| Brokerage Calculator |
Transactions Charges
This comparison between Mirae Asset Sharekhan, Upstox, and M.Stock reveals significant differences in their transactions. Mirae Asset Sharekhan provides NSE: 0.00297% | 0.00375% for Transaction Charges Equity Delivery, while Upstox offers NSE: 0.00297% per trade and M.Stock features NSE: 0.00297% BSE: 0.00375%.
| Transactions Charges | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Equity Delivery | NSE: 0.00297% | 0.00375% | NSE: 0.00297% per trade | NSE: 0.00297% BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% | 0.00375% | NSE: 0.00297% per trade | NSE: 0.00297% BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% | NSE: 0.00188% | NSE: 0.00173% BSE: 0 |
| Equity Options | NSE: 0.03503% on Premium | NSE: 0.0495% (on premium) | NSE: 0.03503% (on premium) BSE: 0.0325% (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% | 0.05% | - |
Account Features
These are the notable distinctions in the account features of Mirae Asset Sharekhan, Upstox, and M.Stock when compared.
| Account Features | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| 3-in-1 Account | No | No | 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 | No | No |
Trading Platforms
The trading platforms comparison between Mirae Asset Sharekhan, Upstox, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan, Upstox and M.Stock provide web trading platforms and mobile trading platforms.
| Trading Platforms | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Upstox | m.Stock | |
| 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 | Download | |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Free | Zero |
Broker Ratings
The broker ratings comparison between Mirae Asset Sharekhan, Upstox, and M.Stock reveals significant differences in their offerings. Mirae Asset Sharekhan provides 4.3 for Fees Ratings, while Upstox offers 4.3 and M.Stock features 4.5.
| Broker Ratings | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.3 | 4.5 |
| Trading Brokerage Rating | 4.3 | 4.4 | 4.5 |
| Trading Platform Usability | 4,3 | 4.4 | 4.5 |
| Customer Service Ratings | 4.2 | 4.2 | 4.4 |
| Overall Ratings | 4.3 | 4.3 | 4.5 |
Investment Offerings
This comparison between Mirae Asset Sharekhan, Upstox, and M.Stock 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 Upstox provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and M.Stock provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities.
| Investment Offerings | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | No |
| Commodity | Yes | Yes | No |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | No |
| Insurance | No | No | No |
| Forex | Yes | Yes | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | No |
| Other Investment Options | Yes | Yes | No |
Customer Support Offered
This comparison between Mirae Asset Sharekhan, Upstox, and M.Stock reveals significant differences in their customer support offerings. Mirae Asset Sharekhan provides Yes Customer Service, while Upstox offers No and M.Stock features No.
| Customer Support Offered | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| 24/7 Customer Service | Yes | No | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | PMS Service |
| Toll Free Number | — | No | 1800 2100 818 |
| Through Branches | Yes | Yes | — |
| Customer Care Number | 02241683500 | 022-41792999 | 1800 2100 818 |
| 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/ | https://www.mstock.com/mlearn |
| Head Office Address | Sharekhan Limited, 1st Floor, Tower No. 3, Equinox Business Park, LBS Marg, Off BKC, Kurla (West), Mumbai 400 070, Maharashtra, India. | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013 | 1st Floor, Tower 4, Equinox Business Park, |
| Website | https://www.sharekhan.com/ | https://upstox.com/ | https://www.mstock.com/ |
Research and Reports
The research and reports comparison between Mirae Asset Sharekhan, Upstox, and M.Stock reveals significant differences in their offerings.
| Research and Reports | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| 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, Upstox, and M.Stock reveals significant differences in their demat account charges. Mirae Asset Sharekhan provides NSDL & CDSL for DP Source, while Upstox offers CDSL and M.Stock features CDSL.
| Demat Account Charges | Mirae Asset Sharekhan | Upstox | M.Stock |
|---|---|---|---|
| DP Source | NSDL & CDSL | CDSL | CDSL |
| DP ID | NSDL - 300513 | CDSL - 12036000 | 81800 | 12092900 |
| Demat Account Annual Maintenance Charges (AMC) | ₹ 400 | Rs 300 | ₹1,299 + GST for Lifetime |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | — | — | — |
| Demat | ₹ 5 per share certificate (minimum ₹ 50 per request) | — | Zero |
| Remat | ₹ 50 per certificate or ₹ 50 for every hundred securities | — | Zero |
| Pledge Creation | ₹ 20 per transaction | ₹20 + GST per scrip | Zero |
| Pledge Creation Confirmation | NA | Yes | Yes |
| Pledge Closure | ₹ 20 per transaction | ₹20 + GST per scrip | ₹32 per day (+GST) |
| Pledge Closure Confirmation | NA | Yes | Yes |
| Pledge Invocation | ₹ 20 per transaction | ₹20 + GST per scrip | ₹32 per day (+GST) |
| Failed Instruction Charges | — | ₹50 per transaction | Zero |
| Other Charges | — | No | Zero |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Mirae Asset Sharekhan |
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| Upstox |
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| M.Stock |
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Frequently Asked Questions
The account opening charges vary significantly: Mirae Asset Sharekhan charges Not specified, Upstox charges Free, and M.Stock charges Zero. 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, Upstox provides ₹20 or 0.1%, and M.Stock charges ₹5 per order. 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, Upstox provides 4.5, and M.Stock features 4.4. 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, Upstox offers 4.4, and M.Stock 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, Upstox with 4.4, and M.Stock with 4.5. 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), Upstox (Yes), and M.Stock (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, Upstox provides competitive pricing with intuitive interfaces, and M.Stock 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, Upstox emphasizes advanced charting and analysis tools, while M.Stock 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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