Sharekhan Brokerage Charges & Brokerage Plans ReviewLast Updated Date: May 13, 2022
In this article, we are going to discuss the Sharekhan Charges. Along with Sharekhan Brokerage Charges, the broking house also charges account opening charges, transaction charges, and various other charges levied by the government.
So, let’s take a review.
Sharekhan Brokerage Charges
Find information about Sharekhan brokerage charges:
|Equity Options||Rs 50 per lot|
|Currency Options||Rs 30 per lot|
Sharekhan charges very reasonable brokerage fees compared to the quality of services and quantity of the financial products and services it provides.
You can do cash trading/ intraday trading on the Sharekhan platform just for 0.5% while for the delivery segment, equity futures, and currency futures, the brokerage rate is only 0.1%.
For equity options, Sharekhan charges only Rs. 50 per lot while Rs. 30 per lot for currency options.
Comprehend with us all the features of this stock broking company in our Sharekhan Review.
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 also offers special brokerage plans for its clients.
For availing of this Sharekhan Brokerage Plan – Prepay, you need to pay Rs. 1 lakh upfront and then yearly Rs. 1 lakh.
By paying this amount, you can trade equity delivery for just 0.001% brokerage fee, while cash and equity future segments for only 0.0002% brokerage, isn’t that great? For equity options, you just need to pay Rs. 0.05% or Rs. 63 per lot.
There is another plan Sharekhan Brokerage Plan – Margin where you need to keep Rs. 1 lakh as margin money. Then you can trade equity in the cash segment for just 0.0005% so are equity futures.
For the delivery trades, it is 0.0025%. For the equity options, the brokerage charges under this plan are Rs. 70 or 1% per lot.
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Sharekhan Account Opening Charges
Find below the details regarding ShareKhan account opening charges:
|Account Opening Charges|
|Trading Charges [One Time]||Nil|
|Trading AMC [Yearly]||Rs. 0|
|Demat Charges [One Time]||Rs. 0|
|Demat AMC [Yearly]||Rs. 0|
|Margin Money||Rs 400 (Free for 1st year)|
Sharekhan charges nothing for opening an account with them, Whether you open a trading account or Demat, there is no charges for both. Even there are no charges for maintaining the trading account as well.
All you need to pay is the annual maintenance charges of the Demat account from the second year onwards of Rs. 400 per year.
Compute your brokerage charges and fees with our Sharekhan Brokerage Calculator in detail.
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Sharekhan Transaction Charges
Below mentioned tables gives you details regarding Sharekhan transaction charges:
|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%|
Below mentioned tables give you details regarding Sharekhan transaction charges:
- The transaction charges for equity delivery and equity intraday for NSE 0.00325% and BSE 0.00275% respectively.
- The transaction charges for equity futures for NSE 0.001900% and 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 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 Charges
Get the detailed table of Sharekhan Securities other charges:
|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)|
|DP charges||Rs 16 per scrip|
The other charges at Sharekhan include reactivation charges which are Rs. 20 per instruction. Then if you want to close your account, it is Rs. 25 per instruction.
For dematerialization of physical share certificates, the charge is Rs. 5 per certificate.
If you want pledge creation, you need to pay 0.03% of the transaction value with a minimum being Rs. 100. For pledge invocation, the charge is Rs. 17.5 per scrip.
For unpledged or pledge closure or margin pledge, it is Rs. 12.5 per scrip. You can find all these details and any other charges in the table given below for a better understanding of trading.
Sharekhan Regulatory & Government Charges
|SEBI Turnover Charges||0.0001% (₹10/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)|
The government also levies some charges on trading in the stock market. The charges include STT, GST, and Stamp Duty.
There is another charge which is SEBI turnover charges levied by SEBI as the authoritative department for trading and investment in the Indian stock market.
So, these charges are mandatory and thus need to be paid for every trade that you execute on the Sharekhan platform. The details for the charges are given in the above table for your reference.
Sharekhan Brokerage Charges – Conclusion
Sharekhan being one of the top full-service brokerage houses in the country, offers Demat and trading services at very reasonable rates compared to other premium brokerage houses.
You can find all the charges that this broker levies on trading and investment made on their platform.
Sharekhan Brokerage Charges FAQ
Here is the list of FAQs related to the Sharekhan Brokerage charges:
Does Sharekhan Charge Brokerage?
Sharekhan Is among the full-service brokers, which has been a top market competitor for decades. Accordingly, they follow the policy framework and charge a rate or fee known as brokerage. The charges are not the same for each segment and vary from one instrument to another.
What are Sharekhan Brokerage Charges?
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.
What is the Intraday Brokerage of Sharekhan?
If you want to try your hand at intraday, Sharekhan is of great assistance to you. It is because they have all the means to make intraday trading worthwhile for you, including cheaper brokerage charges. The stockbroker levies a tiny amount of 0.10% as the brokerage for intraday trading.
What Other Charges were levied by Sharekhan?
Brokerage is the first charge you need to know about, following which you have to pay account-related charges i.e. account opening, AMC, and margin balance. The stockbroker 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.
Is Sharekhan a discount broker?
No, Sharekhan does not belong to the domain of discount brokers and they are full-service brokers. They are one of the oldest market players with a huge customer base of as much as 1.4 million. They provide all the stockbroking services including research activities and stock market education.
Does Sharekhan have Free Delivery?
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 domains, say intraday, which has a charge of 0.10%.
How much does Sharekhan Charge for Options?
Sharekhan charges Rs. 50 per lot for equity options and currency options, it charges Rs. 30 per lot. However, this is if you have the standard brokerage plan. If you opt for the special plans then the charges for option trading vary from 0.05% to 1% or Rs.63 to Rs. 70 respectively for equity options.
What are Sharekhan Transaction Charges?
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.
What is the Demat AMC in Sharekhan?
Opening and maintaining a demat account is subject to charges as well. If you wish to avail yourself of 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.
Is Sharekhan Brokerage Free?
No, if you choose to invest with this stockbroker, you will not be provided any relaxation regarding the brokerage charge. You have to take notes of the rates that this stockbroker levies while selecting your financial advisor. They follow the pattern of percentage, rather than a flat rate.
What is the brokerage charge of Sharekhan?
The brokerage charges levied by Sharekhan are as follows –
- For Intra-day – 0.50%
- For Delivery – 0.10%
- Equity Futures – 0.10%
- For Equity Options – Rs 50 per lot
- For Currency Future -0.10%
- Currency Options – Rs 30 per lot
- For Commodity – 0.03%
Is Sharekhan free?
No, trading on the Sharekhan platform is not free. It charges brokerage charges and other charges for all services it provides.
What is Sharekhan Demat account charges?
The Demat account opening charges are free, however, you have to pay Rs. 400 from the second year onwards for maintaining the account as AMC.
Is Sharekhan App free?
Yes, Sharekhan App is a free mobile trading app that you can use on Android or iOS by downloading it from the respective Playstore. You do not need to pay any charges for the app usage. All it needs is an internet connection for which you have to pay data charges as per your network connection.
What is IOC order in Sharekhan?
IOC stands for An Immediate or Cancel order. If you place this order, as soon as you place it, if it gets executed, your Demat account will get credited or debited accordingly however if not, the order will get canceled then and there.
Does Sharekhan Charge for Mutual Funds?
No, Sharekhan charges no brokerage for mutual fund investments. It also offers an InstaMF account which you can avail of for quick investments in Mutual fund schemes and tracking your investments in MF.
How Sharekhan brokerage is calculated?
Sharekhan calculates brokerage as per the orders getting executed and their transaction amount. They charge on both the legs of the transaction – the buy-side and sell-side.
What are Sharekhan account opening charges?
There are no account opening charges at Sharekhan. All you need to do is to open the account online and start trading. There are no charges that you have to pay while opening a trading or Demat account with Sharekhan.
What are the trade plans of Sharekhan?
There are three trading plans of Sharekhan –
- Standard Plan
- Special Brokerage Plan – Prepay
- Special Brokerage Plan – Margin
How to buy IPO in Sharekhan app?
You can check the upcoming IPOs on Sharekhan APP. You need to check whether a particular IPO is open for retail investors or not. If yes, then you can apply for the same using the UPI payment option as on the Sharekhan app for buying IPO, you need to put UPI ID.
How to open a trading account in Sharekhan?
For opening a trading account with Sharekhan –
- Go to the Sharekhan website
- Click on the open an account option
- Fill out the form
- Upload the documents – PAN, AADHAAR, Bank statement, Income proof, and others as required
- Submit the same and wait for the approval.
- Once approved, you will receive the mail with the login Id and password of your trading account.
How to Cancel SIP in Sharekhan?
For canceling the SIP on the Sharekhan platform you have to –
- Log in to the Sharekhan website or Mobile trading App
- Open the Mutual Fund tab
- Click on the SIPs you invest in
- Select the SIP you want to cancel and click on Cancel.
What is Sharekhan Flexi Invest?
Sharekhan Flexi Invest Plan is a plan where you can change the SIP amount but the Electronic Clearing System Fees will not change every month.
When Sharekhan started?
Sharekhan was started in 2000 and it was founded by Shripal Morakhia. The current CEO of the firm is Jaideep Arora. The parent organisation of Sharekhan is BNP Paribas.