Sharekhan Brokerage Charges & Brokerage Plans Review
Sharekhan is the 3rd largest stock broker in the country in terms of volume of clients. Lets have a detailed understanding of Sharekhan Brokerage Charges & Sharekhan Brokerage Plans.
Sharekhan is the largest standalone retail brokerage in India. Tonnes of services are made available by them. They have made it possible for anyone to spend in the share market. Operation mainly takes place through the several branches and the informative website that has been set up.
Learn more about Sharekhan
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|Mobile App Review|
Sharekhan Brokerage Charges
One of the most talked subjects about any broker is the brokerage charges that they charge. As a reputed company, Sharekhan brokerage charges are very flexible.
Sharekhan Brokerage Charges for Intra-Day Trades: In this field, they have a scheme of charging 0.1% on the buy side and 0.1% on the sell side. The minimum brokerage charge for each share is five paise. A share of Rs 50 or less will cost a person five paise as the brokerage charge.
Sharekhan Brokerage Charges for Delivery Based Trades: In this case, the company is charging 0.5% on the buy side and 0.5% on the sell side. This comes down to a minimum of about ten paise for each share. A share of Rs 20 or less will have a brokerage cost of 10 paise. But when the total amount of the trade is Rs 3200 or less, a brokerage fee of Rs 16 is levied. But this is only for the sell delivery transactions.
Sharekhan Brokerage Charges for Equity future: Traders have to pay 0.10% on the first leg, 0.02% on the second leg if it is squared on the same day. In case the squaring takes place in another day, traders have to pay 0.10%.
Sharekhan Brokerage Charges for Equity Options: For each lot, Sharekhan charges Rs 50 per lot or 2.5% on the premium. They levy whichever yields the highest amount.
|Flat Monthly Fee||NA|
|Equity Options||Rs 50 per lot|
|Currency Options||Rs 30 per lot|
Open Demat Account with Sharekhan – Fill up the form below
Sharekhan Brokerage Plans
The Broking house provides various types of brokerage plans, lets dig deep into the same.
Sharekhan Basic Brokerage Plan
|Equity Options||Rs.100 per Lot or 2.5% of Premium (whichever is higher)|
|Currency Options||Rs 30/- per lot or 2.5% on premium (whichever is higher)|
Sharekhan Post Paid Brokerage Plans
The Post paid plan of Sharekhan brokerage charges varies with Margin Amount, higher margin amount leads to low brokerage rate.
|Postpaid Plans – New Trader||Postpaid – Day Trader|
|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|
Apart from the basic plan, you can go for the Postpaid plan from the chart provided above. Herein, there are different sub plans and levels you can choose from, as per your need.
Make sure that you check the margin amount requirement and as per the same, if you choose to go for the highest margin account, you will have to pay the lowest brokerage.
Sharekhan Pre Paid Brokerage Plans
Pre-paid plans are ruled by amount of prepaid brokerage paid by the client. Higher pre paid brokerage paid leads to low brokerage rate. lets check all the plans.
|6 Months Prepaid Plan||Annual Prepaid Plan|
|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|
Herein, you get to choose any plan from the provided brokerage limit, and the same brokerage rate shall be valid for 6 months. You can choose any of the plans from the list provided above, and the following brokerage charge will levied. Higher the brokerage amount, lower the brokerage taken.
Sharekhan Charges – Others
There are few other charges apply for demat account opening & trading into stock market. These charges are very minimal.
|SEBI Turnover Charges||0.00005% (₹5/Crore)|
|STT||Equity Delivery: 0.1% on both Buy and Sell|
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|Stamp Duty||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||75% Margin|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 25 per instruction|
|Dematerialisation Charges||Rs 5 per certificate|
|Pledge Creation||0.03% of the value of the transaction (Min Rs 100)|
|Pledge Invocation||Rs. 17.5 per scrip|
|Margin Pledge/Unpledge/ Pledge closure||Rs. 12.5 per scrip|
|Margin Repledge||Rs. 12.5 + Rs. 12.5 (Rs. 25 per scrip)|
Along with above mentioned charges there are two more charges applies
- SEBI Turnover – INR 5 per Cr.
- Stamp Duty – Stamp duty varies from 0.001% to 0.007% (depends on state)
The above charges are over & above of sharekhan brokerage charges. Although these charges are very small in number & they don’t affect the ROI.
Open Demat Account with Sharekhan – Fill up the form below
Opening a Trading and Demat account is free in Sharekhan. But after one year, traders need to pay maintenance charges. It is Rs 400, but it may change based on the trading. Also, Sharekhan has different post-paid and pre-paid schemes for traders.
Paying advance brokerage charges often decreases it to a great level. For the Post-Paid scheme, one has to maintain margin money in their account. It starts from 25 thousand to 2 Lakhs based on the service that a trader would like.
The Sharekhan brokerage charges seem quite high for several people, but the service is worth it. Also, the online site is quite clear about their policies and Sharekhan also provides NRI trading options as well.
In any problem, a trader should always call up the customer care to know the proper procedures. The service charges that are levied are a mandatory procedure. In all, the site is quite educational and good for beginners in share market.
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