In this article, we are going to discuss about the Sharekhan Charges. Along with Sharekhan Brokerage Charges, the broking house also charge account opening charges, transaction charges, and the various other charges that levied by the government.
So, let’s take a review.
Sharekhan Brokerage Charges
Find information about Sharekhan brokerage charges:
|Brokerage Charges of 2019|
|Equity Options||Rs. 100 per lot|
|Currency Options||Rs. 30 per lot|
|Flat Monthly Fees, if any||NA|
Sharekhan sets the brokerage charges for equity delivery are 0.50% and for equity Intraday, equity futures, and currency futures they are 0.10% respectively.
The brokerage charges for equity options are Rs. 100 per lot and for currency options are Rs. 30 per lot.
Sharekhan Special Brokerage Plans
Get the detailed table of Sharekhan special brokerage plans:
|Plan:||Sharekhan Brokerage Plan [Prepaid – Rs. 1 Lakh]|
|Flat Monthly Fee||Rs. 1,00,000 per year|
|Equity Options||0.05% or Rs. 63 per lot|
|Plan:||Sharekhan Brokerage Plan – Margin – Rs. 1 Lakh|
|Flat Monthly Fee||Rs. 1,00,000 margin|
|Equity Options||1% or Rs. 70 per lot|
Sharekhan securities has organized two special brokerage plans for their customers.The monthly brokerage fee in the first plan is Rs. 1 lac per year and the brokerage charges for equity 0.10% , for equity Intraday and equity futures brokerage charges are 0.20% respectively and for equity option Rs. 63 per lot.
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Sharekhan Account Opening Charges
Find below the details regarding ShareKhan account opening charges:
|Account Opening Charges of 2019|
|Account Processing Charges||Nil|
|Trading Account Opening Charges [One Time]||Rs. 0|
|Trading AMC[Yearly]||Rs. 0|
|Demat Account Opening Charges [One Time]||Rs. 0|
|Demat AMC [Yearly]||Free or Rs. 400|
Sharekhan securities is not taking any charges for opening trading and demat accounts and maintaining trading accounts.
Only clients are require to pay Rs. 400 as a demat AMC, which is free for 1st year with trading account. The margin money are Rs. 5000, which means clients can start trading at sharekhan securities with Rs. 5000 only.
Sharekhan Transaction Charges
Below mentioned tables gives you details regarding Sharekhan transaction charges:
|Transaction Charges 2019|
|Equity Delivery||NSE: 0.00325% and for BSE: 0.00275%|
|Equity Intraday||NSE: 0.00325% and for BSE: 0.00275%|
|Equity Futures||NSE: 0.00190% and for BSE: 0.00050%|
|Equity Options||NSE: 0.0500% and for BSE: 0.00050%|
|Currency Futures||NSE: 0.00135% and for MCX: 0.00130%|
|Currency Options||NSE: 0.04220% and for MCX: 0.03220%|
|Commodity||MCX (Non-Agri):0.00230% and for MCX (Agri): 0.00095%|
- The transaction charges for equity delivery and equity intraday for NSE 0.00325% and for BSE 0.00275% respectively.
- The transaction charges for equity futures for NSE 0.001900% and for BSE 0.00050% respectively.
- Transaction charges for equity options for NSE 0.0500% and for BSE 0.00050% respectively.
- The transaction charges for currency futures for NSE 0.00135% and for MCX: 0.00130% respectively.
- Transaction charges for currency options for NSE 0.04220% and for MCX 0.03220% respectively.
- The transaction charges for commodity MCX ( Non agri) 0.00230% and for MCX ( Agri) 0.00095% respectively.
Sharekhan Securities Other Other Charges
Get detailed table of Sharekhan securities other charges:
|Other Charges 2019|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.004% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
|Account Closure Charges||Zero|
Despite from account opening charges and transaction transaction on assets classes, there are also various other charges that levied by the sharekhan securities and government. Clients have to pay 0.0002% of total turnover as SEBI turnover charges & STT 0.0126% of total turnover.
The stamp duty charges levied by the state governments lies between 0.002%- 0.004%. The GST charge is 18% of ( brokerage + transaction charges). The margin funding charges are 18%+ GST respectively.
Sharekha securities is not charging any cost for closing trading accounts and Rs. 50 per segment as reactivation charges. The dematerialisation charges are Rs. 10 only.
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