Sharekhan Review 2021, Stock Trading, Demat, Brokerage Charges

Sharekhan Review, Stock Trading, Demat, Brokerage Charges & More
Sharekhan review

In this article, we are discussing everything you need to know about the Sharekhan Review 2021, Check brokerage charges, margin, trading platform, account opening charges, branches, customer care contact, pros, cons, and more.

Sharekhan is India’s largest stockbroker, having been founded in February 2000. Sharekhan offers brokerage services throughout its online trading portal Sharekhan and 3000+ offices in over 600+ locations across India, including branches and franchisees. It has grown tremendously over the last ten years, thanks to its highly successful online trading platform and a network of franchisees in nearly every area of India. It has a presence in the United Arab Emirates and Oman.

Individual investors and traders, business, institutional, and non-resident Indians (NRIs) are all served by Sharekhan. It has over 2.3 million customers as of August 2021. On the BSE and NSE, It provides trade execution services for equities cash and derivatives, as well as commodities trading on the MCX and NCDEX. Sharekhan additionally provides depository services (Demat account) as well as the ability to invest in mutual funds and initial public offerings (IPOs).

More About Sharekhan:

Sharekhan is the best stock market investment platform in India. The well-designed website offers a large choice of investment alternatives, stock market news, research papers, stock quotations, fundamental and statistical data on stocks, mutual funds, and IPOs, among other things.

Developed with users’ needs in mind, the new Sharekhan App is easy to use. Additionally, it offers a wide range of services to both traders and investors. To make trading easier and to keep a record of your stocks, you can now do all of this in one location.

Also, for those interested in trading, Sharekhan offers a popular trading terminal called Sharekhan TradeTiger (formerly known as Sharekhan TradeTiger). Very identical to the Broker Terminal, Trade Tiger allows regular traders to make and execute orders at a high rate of efficiency and speed. To assist users with their trades, it also delivers current data and other features on the very same display.

Sharekhan’s ‘ShareMobile’ technology allows users to trade through a mobile phone. For popular iPhone, iPad, Blackberry, Android, and other mobile phones, there are a variety of apps available.

Sharekhan’s services include equities, F&O, and commodity trading, as well as investments in IPO’s, Mutual Funds, Insurance, Bonds, and NCDs, among others. Depository participants with NSD and CDS, the company also provides Demat Accounts.

A variety of accounts are available, depending on the customer’s needs. Included in this list are the first-step and classic accounts, the trade-tiger account, and portfolio management services (PMS) through the Platinum Circle account.

It will have its own research group that sends out investment advice, stock suggestions, quarterly business results analysis, and news notifications to its customers through email, SMS on a regular basis. On its website, Sharekhan provides an outstanding information center to assist stock and commodity market traders of all types. Investors can also attend free online and in-person seminars and workshops. Every Sharekhan account includes online and in-person assistance from a Sharekhan specialist.

Sharekhan Review: Advantages and Disadvantages:

Sharekhan is one of India’s top full-service brokerage firms, offering sophisticated trading platforms such as Trade Tiger and Sharekhan Mobile App, Asset Management Services, Free case studies, and mutual fund investing through the Sharekhan Insta MF Platform.

What I Like (Pros):

  • Online stock, F&O, commodities, currency, IPO, MF, PMS, and bond trading and investment.
  • With HDFC, IndusInd, Axis, and IDBI Bank, Sharekhan offers a 3-in-1 NRI account opening service.
  • There are several sorts of accounts, including First-step, Classic, Trade Tiger, and Advisory.
  • Trade Tiger, mobile app, and Mini app are all cutting-edge trading platforms.
  • On the Sharekhan Insta MF platform, you may invest in mutual funds for free.
  • The Sharekhan NEO tool allows for robo-advisory MF investing.
  • Dial-n-trade, often known as call-and-trade, is a completely free service.
  • Research, trading calls, and market analysis are all available for free.
  • Tutorials and courses on the stock market are available online.
  • Margin funding, loan against securities, and other value-added services.
  • 3000+ branches and sub-broker offices have a large network presence.

What I don’t Like (cons):

  • Commodity trading is not available to traditional account holders.
  • A three-in-one account is not available to residents.
  • There is a limited number of banks where NRIs can open a 3-in-1 account.
  • Brokerage fees are quite high.

Sharekhan Account Opening charges:

  • Trading Account Opening Charges: Free. 
  • Trading Account AMC: Free.
  • Demat Account Opening Charges: (one time).
  • Demat Account AMC: Rs 400 PA (Free for 1st year ).

Sharekhan Brokerage Charges:

Check out Sharekhan’s brokerage fees for different sectors here.

Segment TypesBrokerage Charges
Intraday trading0.10% on the buy-side and ₹ 0 on the sell-side
Delivery-based trading0.50% on the buy-side and ₹ 0.50% on the sell-side
Equity futures0.10% on the first leg and ₹0 on the second leg (same day square off) or 0.10% on the second leg (If squared off the next day)
Equity OptionsRs. 250 per lot or 2.50% on the premium, whichever is higher
Currency futures0.10%
Currency options₹ 30 per lot or 2.50% on the premium, whichever is higher
Commodity brokerage0.10%

Sharekhan Minimum Brokerage:

  • Intraday trading: 5 paisa per share.
  • Delivery based trading: 10 paise per share.

ShareKhan Other charges:

  • Sharekhan DP charges: Rs. 16 per transaction
  • GST: 18% on brokerage + transaction charges.
  • Instant Payment Gateway charges: Rs. 9 each fund transfer.
  • Dematerialization charges: Rs. 5 for each certificate.
  • Rematerialization charges: Rs. 50 each certificate.

ShareKhan Transaction Charges:

  • Equity Delivery: 0.125% (Both sides)
  • Equity Intraday: 0.025% (sell side)
  • Derivatives (Futures): 0.017% (sell side)
  • Derivatives (Options): 0.017% only on sell side if squared off. (On premium)

ShareKhan Stamp Duty:

  • Equity Delievery: 0.010%
  • Intra-day trades: 0.002%
  • Derivatives Future: 0.002% on actual price
  • Option: 0.002% on premium.

Sharekhan Pre Paid Plan:

It provides a variety of Pre Paid Brokerage Plans, in which investors pay their brokerage fees in advance in order to receive the lowest brokerage rates for a year.  some of the plans available are AMC-750, AMC-1000, AMC-2000, AMC-6000, AMC-10000, AMC-18000,AMC-30000,AMC-60000, AMC-100000 and AMC-200000. Please see the table below for a more detailed strategy.

Pre Paid Plan:

PlanEquity DeliveryEquity IntradayEquity FuturesEquity Options
Plan 7500.50 (50 Paisa) – Min 10 Paisa0.10 (10 Paisa) – Min 5 Paisa0.10 (10 Paisa) – Min 1 Paisa2.50% or Rs 250 per lot, whichever is higher
Plan 10000.45 (45 Paisa) – Min 10 Paisa0.09 (9 Paisa) – Min 5 Paisa0.09 (9 Paisa) – Min 1 Paisa2.25% or Rs 238 per lot, whichever is higher
Plan 20000.40 (40 Paisa) – Min 10 Paisa0.07 (7 Paisa) – Min 5 Paisa0.07 (7 Paisa) – Min 1 Paisa1.50% or Rs 200 per lot, whichever is higher
Plan 60000.25 (25 Paisa) – Min 5 Paisa0.05 (5 Paisa) – Min 5 Paisa0.05 (5 Paisa) – Min 1 Paisa1.00% or Rs 175 per lot, whichever is higher
Plan 100000.22 (22 Paisa) – Min 4 Paisa0.045 (4.5 Paisa) – Min 4 Paisa0.045 (4.5 Paisa) – Min 1 Paisa1.00% or Rs 150 per lot, whichever is higher
Plan 180000.20 (20 Paisa) – Min 4 Paisa0.04 (4 Paisa) – Min 4 Paisa0.04 (4 Paisa) – Min 1 Paisa1.00% or Rs 125 per lot, whichever is higher
Plan 300000.18 (18 Paisa) – Min 3 Paisa0.03 (3 Paisa) – Min 3 Paisa0.03 (3 Paisa) – Min 1 Paisa0.50% or Rs 100 per lot, whichever is higher
Plan 600000.15 (15 Paisa) – Min 2 Paisa0.02 (2 Paisa) – Min 2 Paisa0.02 (2 Paisa) – Min 1 Paisa0.50% or Rs 75 per lot, whichever is higher
Plan 1000000.10 (10 Paisa) – Min 2 Paisa0.015 (1.5 Paisa) – Min 2 Paisa0.015 (1.5 Paisa) – Min 1 Paisa0.50% or Rs 63 per lot, whichever is higher
Plan 2000000.08 (8 Paisa) – Min 2 Paisa0.01 (1 Paisa) – Min 2 Paisa0.01 (1 Paisa) – Min 1 PaisaRs 250 per lot on first/second & next day

Sharekhan Post Paid Plan:

This plan, even as the name implies, necessitates the deposit of the first margin into your accounts. Higher margin money equals cheaper brokerage fees, and vice versa. The post-paid plan ranges from Rs. 25,000 to Rs. 20 lakh in margins.

Sharekhan Margin Exposure:

Depending on the stock, Sharekhan’s intraday trading margin might be as high as 6 times the stock price. BSE, NSE, and MCX Sharekhan F&O intraday trading margin is 1.3x. Sharekhan F&O carries forward positions and equity delivery transactions do not give extra margin.

Segment TypeMargin
Equity Delivery1x (no margin)
Equity IntradayUp to 6x (based on the stock)
Equity Futures & Options
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Currency Futures & Options
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Commodity Futures
Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Type of Accounts offers by Sharekhan:

Sharekhan allows both Indian residents and non-resident Indians to trade. NRIs can establish a 3-in-1 account (Demat + Trading + NRE/NRO bank account) whereas residents can create a 2-in-1 account. The following are the specifics of Sharekhan’s account offerings.

Sharekhan Demat Account:

The Demat Account is the sole way to hold financial securities in a digital or electronic format. Every time someone buys security, it is credited to the Demat account. It will be deducted from the Demat account at the moment of the securities sale. It provides a free Demat account with no fees, however, there is a Demat AMC of Rs. 400 from the second year onwards.

Sharekhan Trading Account:

It’s a trading account where you can place buy and sell orders. Similar to Demat, users may create a Free Trading Account with no costs and no AMC. The account allows for online trading in stocks, futures and options, commodities, currencies, initial public offerings, and bonds.

Sharekhan Commodity Trading Account:

The account enables commodities trade, as its name suggests. Open a Commodity Trading Account if you wish to trade commodities. The full-service broker costs a 0.10 percent commodities brokerage fee and offers a margin of up to 2X.

Sharkehan NRI 3-in-1 Account:

They may create a 3-in-1 account (Demat + Trading + NRE/NRO bank account) with Sharekhan. This includes HDFC, IDBI IndusInd, and Axis Bank accounts. They can deal in equities deliveries, derivatives, initial public offerings (IPOs), and mutual funds, among other things. This includes intraday, commodity, and currency trading.

Sharekhan Insta MF Account:

The Sharekhan Insta MF Account is the most popular mutual fund account. If you’d want to invest in mutual funds, you may establish an InstaMF Account online. A free mutual fund account is available, as well as the ability to invest in conventional MF schemes online. Investors can invest in mutual funds using Sharekhan’s Insta MF account, the Sharekhan website, or the Sharekhan mobile app, among other options.

Sharkehan Trading Software (Sharkehan Trading Platforms):

There are a few reasons why a full-service broker should be considered:

Sharekhan Trade Tiger (Desktop-based Trading Platform):

Sharekhan One of the greatest trading terminals in India is Trade Tiger, which is available as a desktop or laptop application. Traders that utilize the flagship platform find it highly helpful. It is possible to download Trade Tiger on a desktop or laptop. Heat maps, stock scanners, best charting, advance orders, and one-click filters are just a few of the easy features of the Multiple Exchange Trading Platform.

Sharekhan Mobile App (Mobile Trading App):

You may trade on the go with our free trading software. Android and iOS smartphones may use the Sharekhan mobile app to trade on BSE, NSE, MCX, and NCDEX online. On the mobile app, you’ll discover tools like Live Marketwatch, Market News, Technical Charting, and Advanced F&O Search, as well as the Pattern Finder Tool.

Sharekhan Website:

The official website is web.sharekhan.com. Visitors to the Sharekhan website can log in along with your Sharekhan trading credentials and begin trading immediately after. Easy to be using web-based user interface compatible with just about any browser.

Sharekhan Mini Mobile App:

Users with poor internet speed will benefit from the small mobile app, which has been created just for them (2G access). You’ll find a variety of features in Sharekhan Mini, including a streaming watchlist and single-touch access. You’ll also find safe fund transfers and a variety of online tools and calculators. Equities, Futures, and options (forwards and options), as well as commodities, currencies, and mutual funds, can be traded online.

Sharekhan Insta MF App:

online mutual fund investing platform, Insta MF, has a mobile app. SIP or lump sum investments may be made via the Insta MF app, which is free to download. Mutual fund portfolios may be managed and tracked more easily with one mobile app.

Sharekhan Products & Services:

Products:

Sharekhan’s goods may be fully appreciated by just taking a quick look at the chart below.

Systematic Investment Plans, Commodities Trading, Mutual Funds, Options Trading, Equity Trading, Currency Trading, and Futures Trading are all well outlined on their website.

However, they do not provide any insurance, banking, or forex trading goods.

Services:

A prominent brokerage company in the country like Sharekhan provides virtually all the trade-related services one might want.

It’s common for them to work with Trading Institutions and provide services such as Initial Public Offerings, Robo Advisory and Trading as well as Demat and Stock Recommendations, as well as intraday services, all with trading leverage of up to thirty-two times.

It also offers research benefits in relation to the above-mentioned services and products. Investors benefit from their own research teams, who provide stock suggestions, quarterly business results analysis, investing advice & policies, and news notifications to their customers through email and SMS, as well as other methods of outreach.

Investors will be able to take advantage of free online lectures and classroom courses offered by the company. As part of the Accounts, Its employees provide both online and in-person assistance to its customers.

The PatternFinder tool from Sharekhan is another intriguing offering. As a result of this analysis, investors are alerted to potential possibilities.

Sharekhan Customer Ratings & Review 2021:

CriteriaRatings
Product & Services8.7/ 10
Broking Experience9.2 / 10
Trading Platform8.7 / 10
Research & Advisory8.4 / 10
Brokerage Charges & Fees8.3/ 10
Overall Rating8.9/10
Customer Rating★★★★★

Sharekhan Complaint:

Customer complaints were reported by the exchanges about Sharekhan. As a result of the Sharekhan consumer complaint report, it is easier to assess Sharekhan’s service quality and reliability.

ExchangeFinancial YearNumber of ClientsComplaints%
NSE2021-22724,674920.01%
NSE2020-21679,3334050.06%
BSE2020-21120,85560%
NSE2019-20549,7781870.03%
BSE2019-20120,469110.01%
NSE2018-19517,2521250.02%
BSE2018-1992,506120.01%
NSE2017-18535,0031540.03%
BSE2017-18209,178360.02%

Conclusion:

This is a recognized broker in the market with a consumer base of over 23 lakh customers. Even though it charges a little higher brokerage fee than some other brokers, it also offers superior features such as Trade Tiger and Mobile App, free research, trading calls, Free dial-n-trade, etc. Because Sharekhan has a strong physical presence, unlike many discount brokers that only offer online services, Sharekhan serves consumers both offline and online through its branches and sub-broker offices located around the nation.

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