Sharekhan Review | Brokerage charges, Demat Account.

Sharekhan Brokerage Reviews in 2021

The Sharekhan is a Stockbroking firm in India with a strong online using platform and winner of “Best Financial Website”. It was one of the first brokers to offer online trading in India. Sharekhan was incorporated in February 2000. It is spread over 575 cities having 150+ branches and has over 4800+ employees, more than 14,00,000 customers in India and 2,600+ business partners. It also has an international presence in the UAE and Oman. CEO of this huge firm is Jaideep Arora.

The chain of franchises of Sharekhan is located in almost every part of India and has a great growth over the past years. They offer free seminars and workshops for their customers many times a year and provide trade execution services through multiple channels such as the Internet, telephone and retails outlets. Sharekhan was awarded the title “Top Domestic Brokerage Home” four times by Euro and Asia money. Sharekhan was originally a part of SSKI Group but now the Parent organization of the Sharekhan “BNP Paribas” and it is and a fully owned subsidiary of BNP Paribas since November 2016.

sharekhan review

It offers incredible financial products like Equity, Derivative, Currency Trading, Bonds and Systematic investment plans and services to all kind of customers ( investors, traders, corporate, institutional and NRI’s) such as loan against shares, Demat account, NRI services, advisory services, Academic services, depository services, securities brokerage, BSE and NSE trade execution, commodities trading facilities on MCX and NCDEX, depository services, investments in mutual fund, ESOP and IPO financing.

It is the largest retail brokerage of the nation and 3rd largest in customer base after ICICI Direct and HDFC securities and Executes more than 4 lakh traders per day. Sharekhan provides two Brokerage plans for its customers one as Prepaid and another one is Postpaid. In which the more margin money you have in your account the less percentage of brokerage you need to pay. For instance, If you have a margin amount of RS. 50,000 the brokerage percentage fee will be 0.4%. In Prepaid plan, you must have a fixed Pre amount in your account. Sharekhan also offers dedicated educational and training courses for traders and investors in association with the online trading Academy.

Open Free Demat Account

    Sharekhan Account Types

    Sharekhan offers its customers various types of accounts that they can select as per their requirements. It includes Sharekhan First Step, PMS services through the Sharekhan Platinum Circle Account and Sharekhan classic. Customers can easily open a Sharekhan khan saving account for trading online having net banking facilities. It has a tie-up with various banks- HDFC Bank, CITI Bank, IDBI Bank, YES Bank, ICICI Bank, Union Bank, Bank of India, IndusInd bank and many more. They provide full customer support both online and offline through their Sharekhan representative. They regularly publish stock tips, financial advice, investment tricks and much more to let their customer be informed about every latest update. They even send e-mail to their customers about these updates regularly. It is a full-service stock broking firm which provides online services from opening an account online to trading and investment.

    Sharekhan Brokerage Charges

    Sharekhan has different types of brokerage charges for its customers. Sharekhan brokerage charges are as follows-

    1. Stock Broker Charges

    Trading Account Opening- RS. 750 (adjusted against first 6-month brokerage) Trading Account AMC- NIL Demat Account Opening- NIL Demat Account AMC- RS. 450Trade Tiger Account- RS. 1000

    2. Trading Brokerage Charges

    Brokerage plan (Classic Account)Equity Delivery Brokerage- 0.50%Equity Intraday Brokerage- 0.10%Equity Future Brokerage- 0.10%Equity Options Brokerage- Rs 100 per lot currency Future Trading Brokerage- 0.10%Currency Options Trading Brokerage- Rs 30 per lotCommodity Trading Brokerage- 0.10%Minimum Brokerage Charges- RS. 10 per scrip

    3. Taxes Securities Transaction Tax

    Equity Intraday- 0.025%Equity Delivery- 0.1%Equity Futures- 0.01%Equity Options- 0.05%Currency Options- NILCurrency Futures- NILCommodities- 0.01%SEBI Charges- RS. 15 per Crore

    Goods and Services Tax- 18%

    4. Transaction Charges

    Equity Delivery- NSE RS. 325 and BSE RS. 275Equity Intraday- NSE RS. 325 and BSE RS. 275 Equity Futures- NSE RS. 190 and BSE RS. 50Equity Options- NSE RS. 5000 and BSE RS. 50Currency Futures- NSE RS. 135 and MCX RS. 130Currency Options- NSE RS. 4220 and MCX RS. 3220Commodity- MCX (Non-Agri) RS. 230 and MCX (Agri) RS. 95

    Sharekhan Post Paid Plans

    Sharekhan offers Post Paid plans.

     Equity CashFutureOptions
    Margin SchemeLeg 1Leg 2DeliveryLeg 1Leg 2 (same day)Leg 2 (next day)Option (whichever is higher)
    25,0000.10%0.10%0.50%0.10%0.02%0.10%2.50% or ₹100 per lot
    30,000 0.10%0.00%0.50%0.10%0.00%0.10%2.50% or ₹100 per lot
    40,000 0.09%0.00%0.45%0.09%0.00%0.09%2.25% or ₹95 per lot
    50,000 0.07%0.00%0.40%0.07%0.07%0.07%1.50% or ₹80 per lot
    1 Lakh0.05%0.00%0.25%0.05%0.00%0.05%1.00% or ₹70 per lot
    3 Lakh0.04%0.00%0.00%0.04%0.00%0.04%1.00% or ₹50 per lot
    5 lakhs0.03%0.00%0.18%0.03%0.00%0.03%0.75% or ₹40 per lot
    10 Lakhs0.02%0.00%0.15%0.02%0.00%0.02%0.60% or ₹30 per lot
    20 Lakhs0.015%0.015%0.10%0.015%0.00%0.015%0.55% or ₹25 per lot

    Sharekhan Pre Paid Plans

    Sharekhan has Pre Paid Brokerage plans.

    Issuer CompanyExchangeOpenCloseLot SizeIssue Price
    Issue Size (Rs Cr)
    Tutorials Point (India) Ltd IPOBSE SMESep 30, 2019Oct 4, 2019200060 to 64
    Gensol Engineering Limited IPOBSE SME Sep 30, 2019 Oct 4, 2019160081 to 8317.50 – 17.93
    Sona Hi Sona Jewellers (Gujarat) Ltd IPONSE EmergeSep 30, 2019 Oct 4, 201910000104.50
    IRCTC Limited IPO
    BSE, NSE Sep 30, 2019Oct 3, 2019 40315 to 320635.04 – 645.12
    Goblin India Limited IPO
    BSE SMESep 30, 2019Oct 4, 2019200051 to 5214.91 – 15.20
    Vishwaraj Sugar Industries Ltd IPO
    BSE, NSESep 30, 2019Oct 4, 2019 24055 to 6060.00
    Galactico Corporate Services Ltd IPOBSE SMESep 24, 2019Sep 27, 20196000233.70
    Misquita Engineering Ltd IPOBSE SMESep 23, 2019Sep 25, 20194000271.93
    Shiv Aum Steels Ltd IPO
    NSE EmergeSep 19, 2019 Sep 23, 201930004415.84
    Novateor Research Laboratories Ltd IPOBSE SMEAug 30, 2019Sep 4, 20196000244.49
    Salasar Exteriors and Contour Ltd IPO
    NSE EmergeAug 28, 2019 Sep 3, 20193000368.50
    Transpact Enterprises Ltd IPO
    BSE SMEAug 26, 2019 Aug 28, 2019 10001301.35
    Alphalogic Techsys Ltd IPO
    BSE SMEAug 26, 2019 Aug 28, 20191600846.18
    Sterling and Wilson Solar Ltd IPO
    BSE, NSEAug 6, 2019 Aug 8, 2019197803,145.16
    Spandana Sphoorty Financial Ltd IPOBSE, NSEAug 5, 2019 Aug 7, 2019 178561,202.34
    Affle (India) Limited IPO
    BSE, NSE Jul 29, 2019Jul 31, 2019 20745459.00
    Wonder Fibromats Limited IPO
    NSE EmergeJul 22, 2019Jul 29, 2019 16008919.79
    SK International Export Limited IPO
    BSE SMEJun 28, 2019Jul 5, 2019 6000203.96
    A B Infrabuild Limited IPO
    NSE Emerge Jun 28, 2019 Jul 3, 2019 4000 29 12.84A B Infrabuild Limited IPO
    NSE EmergeJun 28, 2019Jul 3, 2019 40002912.84
    City Pulse Multiplex Limited IPOBSE SME BSE SMEJun 27, 2019Jul 3, 20194000303.98

    Sharekhan Pre Paid Plans

    Sharekhan is its online investment portal platform for Indian Stock market. This website is well designed with attractive features such as the research reports, investment options, mutual funds IPOs and Investing and Trading tools like Advisory Desk, Adviceline, Research, SIP and FortuneFinder. They provide choice for the trading platform which includes TradeTiger, ShareMobile, ShareKhanMini, ShareShop, Dial-n-Trade from which the customers can choose their suitable option.

    They are working upon their best to educate individual investor to make better investment decisions. Sharekhan provides many options for the first-timers like a program designed as “FirstStep” to get involved and explore in this company. They also provide mobile applications, “ShareMobile” the best known mobile application of Sharekhan that allows users to explore trading facilities on their own mobile phones and provides facilities for trading in all market exchanges.

    This application also shows news, market study, live news and you can directly send money to your Sharekhan trading account with the Sharemobile application. ShareMobile is available on Google play store as well as Apple play store. This application can be easily installed and operated on Android Smartphones, Blackberry, iPhone and iPod.

    Sharekhan TradeTiger Review & Performance

    The Ultimate Online Trading Platform offered by Sharekhan is “TradeTiger”. This software is user-friendly and easily used by all kind of customers from the beginner to the experts. They create an environment where a user can feel free to use TradeTiger. It also offers video tutorials for understanding the software better. It is a terminal-based trading platform that user can easily download and install onto their Computer or a laptop. The quality of the Software is phenomenal with attractive features like Shortcut Keys, Charting functionality, Single click order placement provision, Different type of Calculators, Stock Scanner and Heatmaps with excellent performance. It allows you to trade and invest in various segments like Equity, Currency, Commodity and Derivatives. They keep this software up-to-date and adds new features for its customers to experience a high-quality performance. There are some drawbacks too such as you need to be careful before updating the software sometimes, as it is a heavy software it is obvious to have a decent machine configuration to perform at its best and Mac version for iOs in not available for TradeTiger.

    Sharekhan Pros & Cons

    1. Customers can freely transfer funds from and to the trading account without any extra charges.
    2. Sharekhan does not charge any fee for the share transfer to and from the DP account.
    3. The Higher your Trades are The Lower your Brokerage gets.
    4. It has a wide range among all over India which makes it the Best.
    5. Sharekhan offers call and trade facilities for free.
    6. Incredible Trading Platforms.
    7. Huge offline personality.
    8. It has branches all over the nation. You can easily find your near by branch.
    9. They allow fixed deposits as collateral for the future.
    10. They offer seminars, workshops, and tips.
    1. Sharekhan charges for brokerage in % which are higher as compared with flat fee brokers.
    2. The holders of Classic Account cannot trade Commodities.
    3. They do not offer 3-in-1 account facilities.
    4. The minimum charges for the brokerage is 10 paisa per stock that would not let you trade your stocks below Rs 20.
    5. Placing orders after trading hours is not available.
    6. Share khan provides Less Margins.
    7. They provide Expensive Brokerage.

    Find brokerage charges of other Stock Brokers

    Zerodha Edelweiss Indiabulls Ventures Kotak Securities
    5Paisa HDFC Securities India Indoline / IIFL Motilal Oswal
    Axis Direct ICICI Direct Karvy Upstox