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.


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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 100 or 2.5% on the premium. They levy whichever yields the highest amount.

Segment Brokerage Fee
Flat Monthly Fee  NA
Equity Delivery 0.50%
Equity Intraday 0.10%
Equity Futures 0.10%
Equity Options Rs 100 per lot
Currency Futures 0.10%
Currency Options Rs 30 per lot
Commodity 0.10%

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Sharekhan Brokerage Plans

The Broking house provides various types of brokerage plans, lets dig deep into the same.

Sharekhan Basic Brokerage Plan

Segment Basic Plan
Intra-day 0.10%
Delivery 0.50%
Equity Futures 0.10%
Equity Options Rs.100 per Lot or 2.5% of Premium (whichever is higher)
Currency Future 0.10%
Currency Options Rs 30/- per lot or 2.5% on premium (whichever is higher)
 Commodity 0.10%

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.

Post-paid Plan 1
Margin Amount 25,000 30,000 40,000
Cash (Leg 1) 0.10% 0.10% 0.09%
Cash (Leg 2) 0.10% 0% 0%
Delivery 0.50% 0.50% 0.45%
Future Leg 1 0.10% 0.10% 0.09%
Future Leg 2 same day 0.02% 0% 0%
Future next day 0.10% 0.10% 0.09%
Option Rs.100 per Lot or 2.5% of Premium (whichever is higher) Rs.100 per Lot or 2.5% of Premium (whichever is higher) Rs.95 per Lot or 2.25% of Premium (whichever is higher)

 

Post-paid Plan 2
Margin Scheme 50,000 1 Lakh 3 Lakh
Cash (Leg 1) 0.07% 0.05% 0.04%
Cash (Leg 2) 0% 0% 0%
Delivery 0.40% 0.25% 0.20%
Future Leg 1 0.07% 0.05% 0.04%
Future Leg 2 same day 0% 0% 0%
Future next day 0.07% 0.05% 0.04%
Option Rs.80 per Lot or 1.50% of Premium (whichever is higher) Rs.70 per Lot or 1.50% of Premium (whichever is higher) Rs.50 per Lot or 1.50% of Premium (whichever is higher)

 

Post-Paid Plan 3
Margin Scheme 5 lakhs 10 Lakhs 20 Lakhs
Cash (Leg 1) 0.03% 0.02% 0.02%
Cash (Leg 2) 0% 0% 0%
Delivery 0.18% 0.15% 0.10%
Future Leg 1 0.03% 0.02% 0.02%
Future Leg 2 same day 0% 0% 0%
Future next day 0.03% 0.02% 0.02%
Option Rs.40 per Lot or 0.75% of Premium (whichever is higher) Rs.30 per Lot or 0.60% of Premium (whichever is higher) Rs.25 per Lot or 0.55% of Premium (whichever is higher)

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 Pre-Paid Plan
Brokerage Amount Default 750 1,000
Cash Leg 1 0.1 0.1 0.09
Cash Leg 2 0.1 0 0
Delivery 0.5 0.5 0.45
Future Leg 1 0.1 0.1 0.09
Future Leg 2 0.02 0 0
Future Next Day 0.1 0.1 0.09
Option Higher of 2.5% of premium or Rs 100 Higher of 2.5% of premium or Rs 100 Higher of 2.25% of premium or Rs 95
Intraday 0.75 Mn 1.11 Mn
Delivery 0.15 Mn 0.22 Mn

 

Annual Pre-paid Plan 1
Brokerage Amount 2,000 6,000 18,000
Cash Leg 1 0.07 0.05 0.04
Cash Leg 2 0 0 0
Delivery 0.4 0.25 0.2
Future Leg 1 0.07 0.05 0.04
Future Leg 2 0 0 0
Future Next Day 0.07 0.05 0.04
Option Higher of 1.5% of premium or Rs 80 Higher of 1% of premium or Rs 70 Higher of 1% of premium or Rs 50
Intraday 2.86 Mn 12 Mn 45 Mn
Delivery 0.5 Mn 2.4 Mn 9 Mn

 

Annual Pre-paid Plan 2
Brokerage Amount 30,000 60,000 1,00,000 2,00,000
Cash Leg 1 0.03 0.02 0.015 0.005
Cash Leg 2 0 0 0 0.005
Delivery 0.18 0.15 0.1 0.08
Future Leg 1 0.03 0.02 0.015 0.005
Future Leg 2 0 0 0 0.005
Future Next Day 0.03 0.02 0.015 0.005
Option Higher of 0.75% of premium or Rs 40 Higher of 0.50% of premium or Rs 30 Higher of 0.55% of premium or Rs 25 Flat Rs 10
Intraday 100 Mn 300 Mn 666 Mn 2,000 Mn
Delivery 16.67 Mn 40 Mn 100 Mn 250 Mn

Sharekhan Charges – Others

There are few other charges apply for demat account opening & trading into stock market. These charges are very minimal.

Segments Transaction Charges (per Cr.) STT GST
Equity Delivery & Intraday INR 275 Delivery – 0.0126% on both Sides
Intraday – 0.0126% on Sell Side
18% on Brokerage + Transaction Charges
Futures – Equity INR 50 0.0126% on Sell Side
Options – Equity INR 1,00 0.017% on Sell Side
Futures – Currency INR 120 NA
Options – Currency INR 3,220 NA
Commodity INR 95 0.01% on Sell Side

Along with above mentioned charges there are two more charges applies

  • SEBI Turnover – INR 20 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

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  1. Open Demat AccountBecome Sub Broker

Sharekhan Brokerage Charges

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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