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.
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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.
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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.
Sharekhan Brokerage Charges FAQ
Ques – Does Sharekhan Charge Brokerage?
Answer – Sharekhan Is among the full service brokers, which has been a top market competitor since decades. Accordingly, they follow the policy framework, and charge a rate or fee known as brokerage. The charges are not the same for each of the segment and vary from one instrument to another.
Ques – What is Sharekhan Brokerage Charges?
Answer – Every time you place a trade order, Sharekhan helps you connect with your buyer or seller. For the entire process of trading and other services, they take a charge. The charge for the equity segment is 0.50%, For intraday, Futures and currency futures segments it is 0.10%. For the Equity Options segment it is Rs. 100 per lot and for Currency Options it is Rs. 30 per lot.
Ques – What is Intraday Brokerage of Sharekhan?
Answer – If you want to try your hand at intraday, Sharekhan is of great assistance for you. It is because they have all the means to make intraday trading worthwhile for you, including cheaper brokerage charge. The stock broker levies a tiny amount of 0.10% as the brokerage for intraday trading.
Ques – What other Charges levied by Sharekhan?
Answer – Brokerage is the first charge you need to know about, following which you have to pay account related charges i.e. account opening, AMC, margin balance. The stock broker also charges other petty charges, such as margin funding, account closure, reopening etc. There are also a bunch of government charges you must pay such as STT.
Ques – Is Sharekhan a discount broker?
Answer – No, Sharekhan does not belong to the domain of discount brokers and they are a full service broker. They are one of the oldest market players with a huge customer base as much as 1.4 million. They provide all the stock broking services including research activities and stock market eduction.
Ques – Does Sharekhan have Free Delivery?
Answer – No, this stock broking house does not have a policy of free delivery and you are required to pay brokerage here. The rate at which they levy the brokerage for this segment is 0.50%, which is more than the brokerage it charges for other domain, say intraday, which has the charge of 0.10%.
Ques – How much Sharekhan Charge for Options?
Answer – With plans of investing in options, you can either invest in equity options, or on the contrary choose currency options. Brokerage charges levied on both the segments are different. The charge for equity options is Rs. 100 per lot, but for the currency options it is Rs. 30 per lot.
Ques – What are Sharekhan Transaction Charges?
Answer – The transactional charge are to be paid on each trade or order and they go as follows – NSE: 0.00325% and for BSE: 0.00275% for equity delivery and intraday, NSE: 0.00190% and for BSE: 0.00050% for futures, NSE: 0.0500% and for BSE: 0.00050% for options, NSE: 0.00135% and for MCX: 0.00130% for currency futures, NSE: 0.04220% and for MCX: 0.03220% for currency options, and finally MCX (Non-Agri):0.00230% and for MCX (Agri): 0.00095% for commodity.
Ques – What is the Demat AMC in Sharekhan?
Answer – Opening and maintaining a demat account is subject to charges as well. If you wish to avail for a demat account from this company, you do not have to pay an opening charge, but you are supposed to pay Rs. 400 once every year for account maintenance. Well, it can also be waived off based on certain circumstances.
Ques – Is Sharekhan Brokerage Free?
Answer – No, if you choose to invest with this stock broker, you will not be provided any relaxation regarding the brokerage charge. You have to take notes of the rates which this stock broker levy, while selecting the as your financial advisor. They follow the pattern of percentage, rather than a flat rate.
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