ShareKhan review

Sharekhan is one of the largest full service broker based out of Mumbai, India with over 1.4 million client base. It has branches & franchises in over 550 cities across India. They provide brokerage services through their online trading website sharekhan.com 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. Sharekhan has another wing which provides commodity trading on MCX and NCDEX.

ACCOUNT OPENING CHARGES:

Demat servicesCharges
Trading Account Opening ChargesClassic Account – INR 750Trade Tiger Account – INR 1000
Trading Account Annual Maintenance ChargesNIL
Demat Account Opening ChargesNIL
Demat Account Annual Maintenance ChargesINR 450

BROKERAGE CHARGES:

BrokerageCharges
Equity Delivery0.5% (Negotiable)
Equity Futures0.1% on the first leg and 0.02% on thesecond leg if squared off on the same day and 0.1%if squared off on any other day.
Equity Options2.5% on the premium or ₹100 per contract (whichever is higher)
Currency Futures0.10%
Currency Options2.5% on the premium or₹30 per lot (whichever is higher)
Commodity0.10%

OTHER CHARGES:

Type of transactionTransaction chargesStamp duty charges
Intra-day0.025% (sell side only)0.00%
Delivery transaction0.125% (both sides)0.01%
Future0.017% (sell side only)0.002% on actual price
Options0.017% on premium (sell side only, if squared off)0.002% on premium

TRADING PLATFORMS:

Trading PlatformsFeatures
Sharekhan Desktop basedTrading Terminal1. Allows trading in multiple segments (for multiple exchange BSE/NSE/Cash & F&O/ MCX/NCDEX ) from a single platform.2. Real time market updates; Multiple Market Watch available.3. Offers advanced trading and analytical tools like Trade from Excel and HeatMap.4. Allows to customize the charts, screens, languages, themes, layouts, shortcuts etc.
Sharekhan Web basedTrading Platform1. Online trading account for Equities and Derivatives2. Automatic funds transfer with phone banking (for the customers of Citibank and HDFC bank)3. After-hours order placement facility between 8.00 am and 9.30 am4. Integration of: Online trading + Bank + Demat account
Sharekhan Mobile App1. Offers extensive features for both traders and investors2. Lets the user trade, view charts & detailed quote, add to marketwatch & virtual portfolio directly from scrip search page3. Enhanced live charts4. Lets the user Trade in advanced orders (Bracket Order) and track the orders in enhanced report section
Sharekhan dial and trade1. Toll free numbers2. The calls are recorded3. No capping on the number of calls4. The telebroker also provides guidance, assistance and tips5. Facility to discuss and understand trends and factors affecting the markets6. For equity and derivatives, the timings are 8:30 AM to 4:30 PM and fortrading in commodity, the timings are 9:00 AM to 5:00 PM.

PRO’S & CON’S:

AdvantagesDisadvantages
Huge Brand EquityExpensive Brokerage
Wide Offline PresenceAverage Research
Decent Trading PlatformsLow Exposure Offered