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Sharekhan

Sharekhan is one of the largest full-service broker based out of Financial Capital, Mumbai, India since 2000 with over 1.5 million active clients or trader base. Sharekhan, as the name resembles is a beast in the Indian equity and derivative and commodity trading terrain who were in fact, one of the first to introduce the Indians with the concept of online trading through computer or mobile.

Our blog is meant to elaborate and analyses the ways in which the broker house enacts in terms of the products it has to offer, the services it extends, the brokerage amount it imposes, other relevant charges it seeks and of course the significance as well as the effectiveness of the all the platforms it has made its presence on.

Let's have a detailed review of Sharekhan, Sharekhan Brokerage Charges, Sharekhan Demat Account, Sharekhan Trading Platforms like Tradetiger & other important features.

Sharekhan Customer Ratings & Review

Sharekhan Ratings

Experience

8.7 / 10

Trading Platform

8.8 / 10

Product & Services

8.5 / 10

Brokerage Charges

8.3 / 10

Research

8.2 / 10

Overall Rating

8.50 / 10

Star Rating

★★★★★

Customer Reviews

299

About Sharekhan

Overview

Company Type

Public

Broker Type

Full-Service Broker

Headquarters

Mumbai, India

Founder

Shripal Morakhia

Established Year

2000

The brand Sharekhan was originally a part of the SSKI Group and was recently acquired by BNP Paribas Group in 2019. It has 153 branches & more than 5000 franchises in over 550 cities across India.

They provide brokerage services through their online trading official website www.sharekhan.com and 1850 offices. Sharekhan also has an international presence in the UAE and Oman countries.

Sharekhan has now more than 15,00,000 traders in India and its client base includes institutional and traders, individual investors, corporates & NRI’s. They offer investment activities in NSE and BSE.

Anyone can invest here in IPOs and mutual funds and take benefits of depository services (Demat account). The broker house has another parallel wing which provides commodity trading on NCDEX and MCX – Sharekhan Comtrade.

Sharekhan Brokerage Charges & Fees

Brokerage Charges

Basic Plan

Intra-day

0.1%

Delivery

0.5%

Equity Futures

0.1%

Equity Options

Higher brokerage 2.5% of premium or Rs 100/ per Lot 

Currency Future

0.1%

Currency Options

Higher brokerage 2.5% of premium or Rs 30/ per Lot

Commodity

0.1%

Brokerage Calculator

Sharekhan Brokerage Calculator 

Any investor who can observe this table carefully, investors can easily conclude that the company pre-determinedly charges 0.5 % (50 paise) with regard to Equity Delivery Trading, 0.1 % or (10 paise) with regard to Equity Intraday Trading, 0.1 % or (10 paise) with regard to Equity Futures Trading, 0.1 % or (10 paise) with regard to Commodity Trading.

The company charges 0.1 % or (10 paise) with regard to Currency Futures Trading, Higher brokerage 2.5% of premium or Rs 100/ per Lot in terms of Equity Options Trading, Higher brokerage 2.5% of premium or Rs 30/ per Lot in terms of Currency Options Trading.

They also levy Rs. 300 every year for the sake of maintaining Demat Accounts annually or also called AMC. Other than the charges mentioned above, the brokerage firm does not levy any compulsions or charges with regards to annual maintenance charge for client or investor Trading Account, maintenance of any minimum Margin amount or balance whatsoever.

Sharekhan Prepaid & Postpaid Plans – Details

The broker house offers a range of prepaid and postpaid brokerage plans for its investors. These all plans are based on the basic standard brokerage or broking charges and vary based on the different margin scheme as per client selected. These basic brokerage charges and the plans have been discussed below in table form, Investors read and understand all plans carefully.

Sharekhan Prepaid Brokerage Plan

 

Postpaid Plans – New Trader

Postpaid – Day Trader

Margin Amount

25,000

30,000

40,000

50,000

1,00,000

3,00,000

5,00,000

10,00,000

20,00,000

Intraday

0.10%

0.10%

0.09%

0.07%

0.05%

0.04%

0.03%

0.02%

0.02%

Delivery

0.50%

0.50%

0.45%

0.40%

0.25%

0.20%

0.18%

0.15%

0.10%

Futures

0.10%

0.10%

0.09%

0.07%

0.05%

0.04%

0.03%

0.02%

0.02%

Future next day

0.10%

0.10%

0.09%

0.07%

0.05%

0.04%

0.03%

0.02%

0.02%

Option

Rs.100 per Lot

Rs.100 per Lot

Rs.95 per Lot

Rs.80 per Lot

Rs.70 per Lot

Rs.50 per Lot

Rs.40 per Lot

Rs.30 per Lot

Rs.25 per Lot

Sharekhan Pre-Paid Brokerage Plan

 

6 Months Prepaid Plan

Annual Prepaid Plan

Brokerage Amount

Default

750

1,000

2,000

6,000

18,000

30,000

60,000

1,00,000

2,00,000

Intraday

0.1%

0.1%

0.09%

0.07%

0.05%

0.04%

0.03%

0.02%

0.015%

0.005%

Delivery

0.5%

0.5%

0.45%

0.4%

0.25%

0.2%

0.18%

0.15%

0.1%

0.08%

Futures

0.1%

0.1%

0.09%

0.07%

0.05%

0.04%

0.03%

0.02%

0.015%

0.005%

Future Next Day

0.1%

0.1%

0.09%

0.07%

0.05%

0.04%

0.03%

0.02%

0.015%

0.005%

Option

Rs.100 per Lot

Rs.100 per Lot

Rs.95 per Lot

Rs.80 per Lot

Rs.70 per Lot

Rs.50 per Lot

Rs.40 per Lot

Rs.30 per Lot

Rs.25 per Lot

Rs.10 per Lot

Sharekhan Minimum Brokerage Charges

As mentioned above in table format relevant instances, The broker house has prescribed certain minimum standard brokerage charges i.e. a minimum prescribed charge will have to be paid even for every minimal quantum of trade and as the quantum increases, the brokerage charges would increase based on the prescribed rates as discussed above in the table.

These minimum charges have been summarized below for ease of reference:

  • Intraday Trades – 5 paise/share applicable as minimum brokerage.

As mentioned above, the basic brokerage charge for intraday is 0.1%, hence, if an investor trades for Rs 50 or lesser, then a charge of 5 paise/share would be levied as minimum brokerage charge.

  • For Delivery Based Trades: Broker houses provide a Minimum brokerage fee of 10 paise/share.

As mentioned above, the basic standard brokerage for a delivery trade is 0.5% (5 paise), hence, if any investor trades for Rs 20 or lesser, then a charge of 10 paise/share would be levied as a minimum and standard brokerage charge.

  • Minimum DP charges: Rs 16/- per scrip when the total traded value is Rs 3200/- (or less if it is a sell transaction).

Sharekhan Charges

As can be clearly gathered from the chart that has been tactically mentioned above, Sharekhan does impose a number of relevant charges other than the usual brokerage from its registered traders and investors.

Other Charges

Transaction Charges

0.00275% of Total Turnover

STT

0.0126% of Total Turnover

SEBI Turnover Charges

0.0002% of Total Turnover

Stamp Duty

Depends on State (very minimal)

GST

18% of (Brokerage + Transaction Charges)

These are other charges are taxed on overall turnover according to government and SEBI guidance in the form of 0.00275 % on the overall turnover value as Transaction Charges, the all charges are part of tax charges 0.0002 % on the overall turnover value as Securities Transaction Tax, 0.0002 % on the overall turnover value as the SEBI Turnover Charges and 18 % on the sum of the total levied up on transaction charge and brokerage charge.

The broking house also charges a variable amount for the sake of collecting “Stamp Duty” as per Indian government rule and regulation which is of course a minimal amount nonetheless.

Sharekhan Demat Account Opening Fees

Demat Services

Depository Source

NSDL & CDSL

Account Opening Charges

Rs.750 & Rs.1000

Demat AMC Charges

Rs.400 per Annum

Trading AMC Charges

Free

Margin Money

Zero

Offline to Online

Yes

The broker house charges Rs 750/- a one-time fee for a trading account and Rs 1,000/- for its classic account and INR 1,000 for its Trade Tiger account. Both charges are later adjustable against the first 6 months’ investor or client brokerage.

Sherkhan doesn't take any annual maintenance charges (AMC) from their client or investors.

For the DEMAT account, though the opening fee is NIL there is an AMC of INR 400. This fee is waived off generally for the first year with the trading account.

Sharekhan Offers

Offers

Free Demat Account

No

Free Trading Account

Yes

Discount on Brokerage

Yes

Trading Happy Hours

No

Flexible Brokerage Plans

Yes

1 Month Brokerage Free

No

Holiday Offers

No

Referral Offers

Yes

Zero Brokerage for Loss Making Trades

No

It does not take much to conclude all the types of broking or trading offers being extended by broker house for all of their respective investors and traders after getting a glimpse at the table that has been well designed and presented above in the blog.

As anyone or any investor can see, the well-acclaimed broker house lays down exclusive offers with regards to Free Trading Account opening provision, extremely Flexible Brokerage Plans, extensive Concession on the overall Brokerage value, Referral Offers and even a one-month free brokerage transaction provided to new clients and investors.

How to open a Demat account with Sharekhan?

If the information given above has laid down an impact over you in such a manner that you are already looking forward to joining Sharekhan as a trader or as an investor, but are not sure how you can do that.

Simply follow the steps as we mention them underneath and you will end up registering yourself with this amazing brokerage house in absolutely no time:-

  1. Start by clicking on the green-colored ‘Open Demat Account’ button that appears just beneath this section.
  2. Clicking the button will result in a form getting popped up on to your computer screen.
  3. Go through every single word mentioned within this form thoroughly and carefully.
  4. Once you complete reading the entire form, fill up all the mandatory sections with exact and correct details.
  5. After submitting the form, you will be asked to complete the KYC procedure.
  6. This procedure will require you to upload certain documents in order to verify your age, address, and identification.
  7. For this, you must have your Adhar card, PAN Card, and a copy of your photograph.
  8. As soon as you conclude all the previously mentioned steps, you will be contacted upon by authorized personnel on behalf of Sharekhan who will commence the final round of verifications before handing you over your account.
  9. You may expect to get access to your new account with Sharekhan after the final verification within a couple of hours.

Why Open Sharekhan Trading account?

Being a trader across various government recognized indices and exchanges within the Indian constitution requires the people to have a Demat or at least a Trading Account. Moreover, registering yourself as a trader with a reputed brokerage house comes with its own perks.

Here are some of the most compelling reasons as to why you should consider registering a Demat or a Trading Account with Sharekhan:-

  • They are one of the first brokerage houses in India to introduce the traders and investors of the nation with the very concept of online trading.
  • They have a humongous network of more than two thousand six hundred outlets across five hundred and seventy-five cities and twenty-eight states, waiting to assist you with some of the best services and products within the industry.
  • Sharekhan has been recognized more than once in the past. As a matter of fact, they have been bestowed upon with multiple awards.
  • Sherkhan offers different types of brokerage slabs to suit individual investors. Higher your trade your brokerage gets reduced. Broker house has multiple brokerage schemas available as per investors' requirements.
  • They offer investors both online and classroom training, seminars, tips, and workshops.
  • It doesn’t charge for any DP transactions. The transfer of shares to another account and the DP account is free.
  • Sharekhan has a nation-wide network of branches. You can easily find a Sharekhan branch in your neighborhood.
  • Call & Trade facilities are absolutely free with the broker house.
  • Sherkhan also allows fixed-deposit (FD) as collateral for options and futures trading.

Sharekhan Products & Services

Here is the list of Products & Services offered by Sharekhan:

Sharekhan Products

Products

Equity Trading

Yes

Commodity Trading

Yes

Currency Trading

Yes

Options

Yes

Futures

Yes

Mutual Funds

Yes

Forex

No

Banking

No

SIP

Yes

Insurance

No

Giving even a short glimpse at the above-mentioned chart of elements will give you a proper understanding of all the products that Sharekhan has to offer.

They clearly produce with regards to Systematic Investment Plans, Commodities Trading, Mutual Funds, Options Trading, Equity Trading, Currency Trading, and Futures Trading.

However, Sherkhan does not have any products in terms of Banking, Insurance, or Forex Based Trading.

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