Sharekhan is one of the largest full service broker based out of Mumbai, India with over 1.4 million client base.

Sharekhan, as the name resembles is a beast in the Indian equity and derivative trading terrain who were in fact, one of the first to introduce the Indians with the concept of online trading.

Sharekhan Offers & Complaints

Our article today is meant to elaborate and analyses the ways in which the company enacts in terms of the products it has to offer, the services it extends, the brokerage amount it imposes, other relevant charges it seeks and of course the significance as well as the effectiveness of the all the platforms it has made its presence on.

Lets have a detailed review of Sharekhan, Sharekhan Demat Account, Sharekhan Brokerage Charges, Sharekhan Trading Platforms like Tradetiger & other important features.

Sharekhan Customer Ratings & Review

Sharekhan Ratings
Experience8.7 / 10
Trading Platform8.8 / 10
Product & Services8.5 / 10
Brokerage Charges8.3 / 10
Research8.2 / 10
Overall Rating8.50 / 10
Star Rating★★★★★
Customer Reviews7839

About Sharekhan

Company TypePublic
Broker TypeFull Service Broker
HeadquartersMumbai, India
FounderShripal Morakhia
Established Year2000

The brand Sharekhan was originally a part of SSKI Group and was recently acquired by BNP Paribas Group. It has branches & franchises in over 550 cities across India.

They provide brokerage services through their online trading website and 1850 offices. It also has international presence in the Oman and UAE countries.

Sharekhan has now more than 14,00,000 customers in India and its client base includes individual investors, institutional and traders, corporates & NRI’s. Their offer investment activities in BSE and NSE.

You can invest here in IPOs and mutual funds and take benefits of depository services (demat account). Sharekhan has another wing which provides commodity trading on MCX and NCDEX – Sharekhan comtrade.

Open Demat Account with Sharekhan – Fil up the form Now!

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    Sharekhan Brokerage Charges & Fees

    Brokerage ChargesBasic Plan
    Equity Futures0.10%
    Equity OptionsRs 50 per lot
    Currency Future0.10%
    Currency OptionsRs 30 per lot
    Brokerage CalculatorSharekhan Brokerage Calculator

    By carefully observing the table, you can easily conclude that the brokerage house pre-determinedly charges 0.5 % with regard to Equity Delivery Trading, 0.1 % with regard to Equity Intraday Trading, 0.1 % with regard to Equity Futures Trading, 0.1 % with regard to Commodity Trading.

    The broking house charges 0.1 % with regard to Currency Futures Trading, Rs. 50 per lot in terms of Equity Options Trading, Rs. 30 per lot in terms of Currency Options Trading.

    They also levy Rs. 400 every year for the sake of maintaining Demat Accounts annually. Other than the charges mentioned above, the brokerage house does not levy any compulsions with regards to annual maintenance charge for Trading Account, maintenance of any minimum Margin Balance whatsoever.

    Sharekhan Prepaid & Postpaid Plans – Details

    Sharekhan offers a range of pre-paid and post-paid brokerage plans. These plans are based on the basic brokerage charges and vary based on the margin scheme selected. These basic brokerage charges and the plans have been discussed below.

    Sharekhan Post-Paid Brokerage Plan

    Postpaid Plans – New TraderPostpaid – Day Trader
    Margin Amount25,00030,00040,00050,0001,00,0003,00,0005,00,00010,00,00020,00,000
    Future next day0.10%0.10%0.09%0.07%0.05%0.04%0.03%0.02%0.02%
    OptionRs.100 per LotRs.100 per LotRs.95 per LotRs.80 per LotRs.70 per LotRs.50 per LotRs.40 per LotRs.30 per LotRs.25 per Lot

    Sharekhan Pre-Paid Brokerage Plan

    6 Months Prepaid PlanAnnual Prepaid Plan
    Brokerage AmountDefault7501,0002,0006,00018,00030,00060,0001,00,0002,00,000
    Future Next Day0.1%0.1%0.09%0.07%0.05%0.04%0.03%0.02%0.015%0.005%
    OptionRs.100 per LotRs.100 per LotRs.95 per LotRs.80 per LotRs.70 per LotRs.50 per LotRs.40 per LotRs.30 per LotRs.25 per LotRs.10 per Lot

    Sharekhan Minimum Brokerage Charges

    As mentioned above at relevant instances, Sharekhan has prescribed certain minimum brokerage charges i.e. a minimum prescribed charge will have to be paid even for every minimal quantum of a trade and as the quantum increase, the charges would increase based on the prescribed rates as discussed above.

    These minimum charges have been summarized below for ease of reference:

    • Intra-day Trades – Minimum brokerage of 5 paise/share.

    As mentioned above, the basic brokerage charge for intra day is 0.1%, hence, if an investor trades for INR 50 or lesser, then a charge of 5 paise/share would be levied as minimum brokerage charge.

    • Delivery Based Trades: Minimum brokerage fee of 10 paise/share.

    As mentioned above, the basic brokerage for a delivery trade is 0.5%, hence, if any investor trades for INR 20 or lesser, then a charge of 10 paise/share would be levied as minimum brokerage charge.

    • Minimum DP charges: Rs 16/- per scrip when the total traded value is Rs 3200/- (or   less if it is sell transaction).

    Find brokerage charges of other Stock Brokers

    Sharekhan Charges

    As can be clearly gathered from the chart that has been tactically mentioned above, Sharekhan does impose a number of relevant charges other than the usual brokerage from its registered traders and investors.

    Other Charges
    SEBI Turnover Charges0.00005% (₹5/Crore)
    STTEquity 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)
    GST18% on (Brokerage + Transaction Charge + SEBI Fee)
    Margin Funding Charges75% Margin
    Reactivation ChargesRs 20 per instruction
    Account Closure ChargesRs 25 per instruction
    Dematerialisation ChargesRs 5 per certificate
    Pledge Creation0.03% of the value of the transaction (Min Rs 100)
    Pledge InvocationRs. 17.5 per scrip
    Margin Pledge/Unpledge/ Pledge closureRs. 12.5 per scrip
    Margin RepledgeRs. 12.5 + Rs. 12.5 (Rs. 25 per scrip)

    These charges are taxed in the form of 0.00275 % on the overall turnover value as Transaction Charges, 0.0002 % on the overall turnover value as Securities Transaction Tax, 0.0002 % on the overall turnover value as the SEBI Turnover Charges and 18 % on the sum of the total levied up on brokerage charge and transaction charge.

    They also charge a variable amount for the sake of collecting Stamp Duty which is of course a minimal amount nonetheless. Here are the further charges you need to know about.

    • Dematerialization Charges – Charges for moving physical certificates into electronic form are set at Rs.5 per certificate.
    • Rematerialization Charges – Contrary change of electronic certificates to physical form would cost you Rs 50 per certificate or Rs 50 for every hundred securities.
    • Custody Charges – There are no defined custody charges as of now and the charges are nil.
    • Pledge Creation – Stating the charges of Pledge they are 0.03% of the value of the transaction (Min Rs 100).
    • Freeze/De-freeze – Blocking or De-freezing you account would cost you Rs.25 each.
    • Additional Statement of Holding/Transaction – The charges in context with this shall be Rs 10.

    Sharekhan Demat Account Opening Fees

    Demat Services
    Trading Charges [One Time]Rs 0 (Free)
    Trading AMC [Yearly]Rs 0 (Free)
    Demat Charges [One Time]Rs 0 (Free)
    Demat AMC [Yearly]Rs 400 (Free for 1st year)
    Margin Money75% Margin

    Sharekhan charges a one-time fee for trading account i.e. an account opening fee of INR 0 for its classic account and Trade Tiger account. These charges are later adjustable against the first 6 months’ brokerage.

    As mentioned above, it charges a one-time fee and hence there are no annual maintenance charges (AMC).

    For DEMAT account, though the opening fee is NIL but there is an AMC of INR 400. This fee is waived off generally for first year with the trading account.

    Sharekhan Offers

    Free Demat AccountNo
    Free Trading AccountYes
    Discount on BrokerageYes
    Trading Happy HoursNo
    Flexible Brokerage PlansYes
    1 Month Brokerage FreeNo
    Holiday OffersNo
    Referral OffersYes
    Zero Brokerage for Loss Making TradesNo

    It does not take much to conclude all the type of offers being extended by Sharekhan for all of their respective traders and investors after getting a glimpse at the chart that has been well designed and presented above.

    As you can see, the well acclaimed brokerage firm lays down exclusive offers with regards to Free Trading Account opening provision, extensive Concession on the overall Brokerage value, extremely Flexible Brokerage Plans, Referral Offers and even a month worth of brokerage free transaction.

    Nonetheless, they have not come up with any offers related to Holiday based Offers, Trading Happy Hours or the provision to charge Zero Brokerage Amount on any or all of the loss making trades.

    Find Offers from other Broking Houses

    How to open Demat account with Sharekhan?

    If the information given above has laid down an impact over you in such a manner that you are already looking forward to join Sharekhan as a trader or as an investor, but are not sure how you can do that.

    Simply follow the steps as we mention them underneath and you will end up registering yourself with this amazing brokerage house in absolutely no time:-

    1. Start by clicking on the green colored ‘Open Demat Account’ button that appears just beneath this section.
    2. Clicking the button will result in a form getting popped up on to your computer screen.
    3. Go through every single word mentioned within this form thoroughly and carefully.
    4. Once you complete reading the entire form, fill up all the mandatory sections with exact and correct details.
    5. After submitting the form, you will be asked to complete the KYC procedure.
    6. This procedure will require you to upload certain documents in order to verify your age, address and identification.
    7. For this, you must have you Adhar card, PAN Card and a copy of your photograph.
    8. As soon as you conclude all the previously mentioned steps, you well be contacted upon by an authorized personnel on behalf of Sharekhan who will commence the final round of verifications before handing you over your account.
    9. You may expect to get the access to your new account with Sharekhan after the final verification within a couple of hours.

    Why Open Sharekhan Trading account?

    Being a trader across various government recognized indices and exchanges within the Indian constitution requires the people to have a Demat or at least a Trading Account. Moreover, registering yourself as a trader with a reputed brokerage house comes with its own perks.

    Here are some of the most compelling reasons as to why you should consider registering a Demat or a Trading Account with Sharekhan:-

    • They are one of the first brokerage houses in India to introduce the traders and investors of the nation with the very concept of online trading.
    • They have a humongous network of more than two thousand six hundred outlets across five hundred and seventy five cities and twenty eight states, waiting to assist you with some of the best services and products within the industry.
    • Sharekhan has been recognized more than once in the past. As a matter of fact, they have been bestowed up on with multiple awards.
    • For suite customer requirement they offer different trading platform that includes Installable terminal, mobile, call & trade and in-person trade through branch offices and online browser based trading.
    • It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas are available with them.
    • They offer to investors both online and classroom training, seminars, tips and workshops.
    • It doesn’t charge for any DP transactions. The transfer of share from and to the DP account is free.
    • Sharekhan has nation-wide network of branches. You can easily find a Sharekhan branch in your neighborhood.
    • Call & Trade facilities are free with Sharekhan.
    • It also allows fixed-deposit as a collateral for future and option trading.

    Sharekhan Products & Services

    Here are the list of Products & Services offered by Sharekhan:

    Sharekhan Products

    Equity TradingYes
    Commodity TradingYes
    Currency TradingYes
    Mutual FundsYes

    Giving even a short glimpse at the above mentioned chart of elements will give you a proper understanding of all the products that Sharekhan has to offer.

    They clearly products with reagrds to Systematic Investment Plans, Commodities Trading, Mutual Funds, Options Trading, Equity Trading, Currency Trading and Futures Trading.

    However, they do not have any products in terms of Insurance, Banking or Forex Based Trading.

    Sharekhan Services

    Demat ServicesYes
    Trading ServicesYes
    3 in 1 AcountNo
    Intraday ServicesYes
    IPO ServicesYes
    Stock RecommendationsYes
    Robo AdvisoryYes
    Trading InstitutionYes
    Trading ExposureUpto 5x

    Now, if you look in to the above mentioned table with a bit concentration, then you will observe that this is the most interesting section of this entire article.

    Why? Because, Sharekhan, as one of the major brokerage houses in the nation provide almost all the trade related services one can ask for.

    Typically, speaking, they provide services in regards with Trading Institution, Portfolio Management, Initial Public Offerings, Robo Advisory, Trading, Demat, Stock Recommendations and Intraday Services with a trading leverage of up to thirty two times.

    In addition to the above mentioned services and products, Sharekhan also provides research services. They have their own research teams which help traders with stock tips, quarterly company result analysis, investment advices & policies and news alerts to its customer though email, SMS and through other campaigns.

    It would provide free online and classroom seminars / workshops to their investors. The Sharekhan Accounts come with both online and in-person help from the Sharekhan representatives.

    Another interesting offer of Sharekhan is the PatternFinder tool. This analytical tool studies the scrips and the indices and then flashes prospective opportunities to investors.

    This may help in saving investors time and effort as it does all the analysis and scans all the stocks, conducts technical analysis, prepares charts, patterns and forecasts prices.

    Sharekhan Research, Advisory & Stock Tips

    Research & Advisory
    Fundamental ReportsYes
    Research ReportsYes
    Company ReportsYes
    Annual ReportsYes
    Company Stock ReviewYes
    Free Stock TipsYes
    IPO ReportsNo
    Top PicksYes
    Daily Market ReviewNo
    Monthly ReportsYes
    Weekly ReportsYes
    Offline AdvisoryYes
    Relationship ManagerYes

    It is no miracle that Sharekhan has managed to achieve such gigantic success in such a short time. They provide extensive leverage and exposure on certain asset classes, give out a lot more than satisfactory services to their respective clients and investors, enable their respective traders to trade across all the major asset classes and also excel in providing ace quality research and advisory.

    As you can see within the table mentioned above, they provide overwhelmingly gratifying research and advisory in terms of Offline Advisory, Monthly Reports, Company Stock Overview, Weekly Reports, Annual Reports, Fundamental Reports, Top Picks, Research Reports, Company Reports and Free Stock Tips.

    They also provide a Relationship Manager to their respective clients. In short, they provide all sorts of research and advisory apart from Daily Market Review and Initial Public Offering Tips.

    Sharekhan Exposure or Leverage

    Exposure / Leverage
    Equity Delivery1x
    Equity Intraday5x
    Equity Futures1x
    Equity Options1x
    Currency Futures1x
    Currency Options1x
    Margin CalculatorSharekhan Margin Calculator

    The aforementioned table has been deliberately placed so as to give you a proper understanding of the kind of leverage Sharekhan provides across all the major asset classes.

    As you can see within the chart, they typically provide a trading exposure of upto 1x on Equity Futures Trading, upto 5x on Equity Intraday Trading, Upto 1x with 24% interest per year on Equity Delivery Trading, upto 1x on Commodities Future Trading.

    Equity Options Trading, Currency Futures Trading, and Currency Options Trading leverage is 1x.

    Nevertheless, if you still end up having any doubts about the exact amount of leverage that you’ll get on a complex number of shares you want to buy, then, you must, without any second thoughts refer to their dedicated tool Sharekhan margin Calculator.

    Check Margin or Exposure of other stock brokers

    Sharekhan Trading Platforms

    Like all full service broker sharekhan also provides trading platforms for all devices & browsers, lets review its trading platforms.

    Trading Platforms
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformNo
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real time UpdatesYes
    Portfolio DetailsYes
    Online MF BuyYes
    News FlashYes
    Research ReportsYes
    Easy InstallationYes
    Global IndicesYes
    Stock TipsYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    SMS AlertsYes
    Email AlertsYes
    Multi Account ManagementYes

    Sharekhan TradeTiger Review: Sharekhan Desktop based Trading Terminal

    The key features of TradeTiger are:

    • Allows trading in multiple segments (for multiple exchange BSE/NSE/Cash & F&O/ MCX/NCDEX ) from a single platform
    • Real time market updates; Multiple Market Watch available
    • Offers advanced trading and analytical tools like Trade from Excel and HeatMap
    • Allows to customize the charts, screens, languages, themes, layouts, shortcuts etc.
    • Tie-up with 12 other banks for online transfer of funds
    • Graph Studies are available including Average, Band- Bollinger, Know Sure-Thing, MACD, RSI, etc.
    • Hot keys similar to a traditional broker terminal
    • Different tools available to gauge market like Tick Query, Ticker, Action Watch, Option Premium Calculator, Span Calculator and Market summary.

    Sharekhan Website Review: Sharekhan Web based Trading Platform

    In this Trading platform, investors can buy and sell stocks with provided features like Integrated Banking, multiple watch lists, demat and digital contracts, Instant credit & transfer and Real-time portfolio tracking with price alerts. Below are the following features:

    • Online trading account for Equities and Derivatives
    • Free trading through Phone / Dial-n-Trade (discussed below)
    • Automatic funds transfer with phone banking (for the customers of Citibank and HDFC bank).
    • After-hours order placement facility between 8.00 am and 9.30 am
    • Integration of: Online trading + Bank + Demat account
    • Instant cash-transfer facility against the purchase & sale of any shares
    • Get Instant order and trade confirmations by e-mail or SMS

    Sharekhan Mobile App based Trading Platform: Sharekhan App Review

    A user friendly app with following features:

    • Offers extensive features for both traders and investors
    • Lets the user trade, view charts & detailed quote, add to marketwatch & virtual portfolio directly from scrip search page
    • Enhanced live charts
    • Lets the user Trade in advanced orders (Bracket Order) and track the orders in enhanced report section

    Sharekhan Mini Review: Low Bandwidth Web based Trading Platform

    A low bandwidth website which can be accessed on a basic 2G phone as well as smartphone. This website allows users to:

    • Track the market trend by allowing access to chart for various BSE and NSE scrips;
    • Trade in various segments with multiexchange streaming watchlist
    • Invest in and track Mutual funds;
    • Transfer funds from Bank to Trading account or MF or IPO & vice versa

    Sharekhan Dial-n-Trade

    This platform lets the investor undertake trading activity through phone calls. This platform has a 3 step security process. The investor would have to call at the dedicated contact numbers and provide a PIN, post which investor would be connected with the telebroker and can place an order therewith.

    The features for this platform are:

    • Toll free numbers;
    • The calls are recorded;
    • No capping on the number of calls;
    • The telebroker also provides guidance, assistance and tips, if asked for
    • Facility to discuss and understand trends and factors affecting the markets
    • For equity and derivatives, the timings are 8:30 AM to 4:30 PM and for trading in commodity, the timings are 9:00 AM to 5:00 PM.

    Sharekhan Customer Support

    The table has been presented in a way that it explains every sort of support being provided by the customer care section of Sharekhan.

    Customer Support
    Dedicated DealerYes
    Offline TradingYes
    Online TradingYes
    24*7 SupportNo
    Email SupportYes
    Chat SupportYes
    Toll Free Number1800 22 7500

    As you must have already concluded, the nationwide acclaimed brokerage house provides exclusive support in terms of Chat Support, Online Support, Dedicated Dealer, Online Support and Email Support.

    They have a network of around one hundred and twenty six branches located across the nation and also allow the traders and investors to reach out to them through a toll free number that is 1800 22 7500. However, they do not provide the support 24 * 7.

    Sharekhan Complaints & Feedback

    Complaints (Current Year)
    Lodged in BSE198
    Resolvd in BSE184
    Lodged in NSE218
    Resolved in NSE217

    Sharekhan received a total of one hundred and ninety eight complaints against them in the Bombay Stock Exchange and two hundred and eighteen complaints in the National Stock Exchange.

    Nevertheless, around one hundred and eighty four and two hundred and seventeen complaints were resolved within the same year in the respective exchanges as well.

    Find Reviews of other Stock Brokers

    Sharekhan Disadvantages

    • Does not offer a 3-in-1 account as they do not provide any banking services.
    • The brokerage charges are Percentage-based which is higher in comparison to flat fee brokers.
    • They charge a minimum brokerage of 10 paisa/stock. It would not let you stocks trade below 20 rupees (you may lose the majority of money in brokerage).
    • Facility to place order after the trading hours is not available.
    • The Classic account holders can’t trade on commodities.

    Sharekhan Conclusion

    Sharekhan, has very well proven its worth in terms of a market leader in over the past few years. The company refuses to be constant about its growth in terms of technology and constantly focuses on improving its products and services, which in itself, is a commendable feat.

    Sharekhan Review FAQs

    Ques – Is Sharekhan safe for trading?

    Answer – Sharekhan belongs to the group of group of stock brokers who have the great market experience. They have been in business since a long time and have established as a brand, which what investors and traders look for. Hence, they are definitely safe for trading.

    Ques – What is the brokerage of Sharekhan?

    Answer – Sharekhan levies the structure of brokerage as charged by the tradition brokers, i.e. the full service brokers. They charge on percentage basis, as per the volume of the transaction. They also provide prepaid and post paid brokerage plans for their customers.

    Ques – How to open Sharekhan demat online?

    Answer – Opening a demat account can be done in few simple steps. You have to click on the green button in this page, and it will take you to the pop up form. Enter the details, as asked, and then go through the KYC process to get your account activated.

    Ques – Can I invest in IPO via Sharekhan?

    Answer – Yes, this stock broker provides the facility of investment in IPO, and the account holders can apply to subscribe for their favourite IPO issue. The process can be carried on either online or offline as per the feasibility of the concerned individual.

    Ques – What Leverage does Sharekhan provide?

    Answer – If you wish to trade on the basis of leverage, you can avail for up to 5x leverage while performing intraday trading. Other rates are 1x on Equity Futures Trading, nil on Currency Futures, 1x on Equity Delivery, 1x on Commodities Future, 1x on Options.

    Ques – Does Sharekhan have trading App?

    Answer – Yes, Sharekhan provides a user friendly app, which is stuffed with high end features and easy to use. The client can trade on the go irrespective of time and place. Apps are the most feasible way of investment in present times, and this broker keeps up with it.

    Ques – How to contact Sharekhan customer care?

    Answer – This broker has a wide network of sub broker, and you can reach out to their offices via the offline process. Apart from that, you can use their toll free number, email them your concern, or choose to discuss your query over chat since they provide chat assistance.

    Ques – Does Sharekhan provide Research?

    Answer – Yes, this company is indulged into research services which are of great help and support for the investors. A team of experts help investors invest in the right manner in order to help them reap high returns from their investment.

    Ques – Is Sharekhan good for Beginners?

    Answer – This stock broker is one of the best market players the industry has at present times and investor strongly believe in them. They provide educational facilitations which makes them a great choice for beginners, and the broker will provide them with end to end details.

    Ques – Who Founded Sharekhan?

    Answer – Shripal Morakhia is the founder of Sharekhan, which entered the stock broking industry in the year 2000 to pioneer online retail brokerage industry. The company started leveraging right from the digital era of stock market, i.e. with the introduction of electronic trading.

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