Sharekhan Review – Charges, Trading Platforms, Demat Account, Offers & more

With over 3,000 centers in 670+ Indian cities, Sharekhan holds the third position as the largest stock broker in India.

Established in 2000 and headquartered in Mumbai, this full-service brokerage house has grown incredibly in the past 13 years.

Moreover, it operates internationally in Oman and UAE and serves 7.5 lakh+ active clients. Talking about Sharekhan Review, the firm’s overall rating is 9.06. In addition to trading products, Sharekhan provides depository services.

Read the article to learn about Sharekhan Charges, perks, trading platform, swot analysis, and more.

Why Trade or Invest with Sharekhan?

The following are the benefits of trading or investing with Sharekhan:

By opening a Sharekhan Account, you can access multiple trading platforms suiting individual requirements.

Its trading platforms include an online browser-based trading, a mobile app, call or in-person trade, and an installable terminal.

• The broker offers multiple brokerage slabs and schemas to meet customers’ budget needs. The more you trade, the less brokerage you have to pay.
• Customers can skip Online Funds Transfer from and Funds Payout to bank accounts.
• Investors can register for Sharekhan’s training programs, seminars, and workshops.

Sharekhan offers Brokerage Plan at ‘Freedom’ pricing. Moreover, the company’s subscription charges are zero.

Sharekhan Brokerage Charges are in the higher range. For instance, investors need to pay higher Equity Delivery charges, i.e., either 0.30% of the transactional value or 1 paisa for each share.

The same applies to Equity Intraday (0.02% or 1 paisa for each share). Furthermore, the brokerage charges are:

• 0.03% of the transactional value for Equity Future
• Rs. 30 for each lot for Equity Option
• 0.03% of transactional value for Commodity Future

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Calculate Brokerage Charges of Sharekhan.

How to Open Sharekhan Demat Account?

You can open a Sharekhan Demat Account without paying any charges. Here is the Demat account opening process with Sharekhan:

• First, fill out the form below with all your details and request a callback.
• Follow the steps specified by Sharekhan to open a Demat account.
• Enter your contact details and submit necessary supporting documents, like an Aadhaar card, PAN credentials, and bank details.
• Validate the entered details with the help of an OTP.
• Once the company’s representative verifies the documents, you will get a Demat account number to activate your account.

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Both Android and iOS users can use Sharekhan App, i.e., Sharekhan Demat & Trading App.

In addition, the brokerage house offers a convenient trading process by providing access to multiple trading platforms.

These platforms include Web Trading Platform, Trading Terminal, Basket Trading Platform, and Mutual Fund Investment Platform.

With these apps and trading platforms, traders can uncover customized recommendations, trading tips, and interactive charts.

Moreover, they can share real-time stock updates, market news, and statistical research reports.

Regardless of the investors’ trading requirements, Sharekhan’s multiple trading platforms cover all. Here explained is the Sharekhan Review of all its tools:

Sharekhan App

Sharekhan App features a user-friendly interface. Moreover, both Android and iOS operators can use the app seamlessly on their devices.

Here are some features that investors can access by logging in to the Sharekhan app:

• Trade facility in top stock exchanges in India, including NSE, NSEFO, and BSE.
• Live stock market reports.
• The app also streams real-time multiexchange market updates.
• You can get access to crisp intraday charts.
• Investors can easily track their Demat holdings and investment portfolio
• Open the application and get your funds transferred from the respective bank to the company’s trading account.

Sharekhan Web Trading Platform

You can make investing in different securities fun and seamless with just a single click by registering at the Sharekhan Desktop website.

Reap the following benefits with the firm’s website:

• Watch live market updates and analysis of your investment portfolio
• Learn the latest stock market news and live rates to trade profitably.
• You can transfer funds online and execute your investment order instantly.

Sharekhan Mini

SharekhanMini is another website you can browse on your mobile devices.

Reap the following benefits by registering at SharekhanMini:

• Trade in NSE, NSEFO, and BSE-registered investment options along with Currencies.
• Investors can track their Demat holdings with a single click.
• Watch live reports to understand the market conditions.
• You can quickly transfer cash from your bank account to the registered Sharekhan trading account.

Sharekhan Trade Tiger

TradeTiger is the robust desktop online stock trading app that Sharekhan offers.

This application allows investors to trade smartly and quickly in stocks, derivatives, currencies, mutual funds, and other investment options.

Below given are some perks that an investor can avail of by using TradeTiger:

• A single platform to trade in multiple Indian stock exchanges like NSE, BSE, and NSEFO.
• The app showcases different graph studies, including Average, Know SureThing, Band-Bollinger, and many more.
• You can use many tools to gauge the stock market, like Span Calculator, Ticker, Action Watch, Tick Query, etc.
• TradeTiger enables investors to trade strategically by studying Charts, OAlert, and Chartbook.

Sharekhan Dial-N-Trade

Sharekhan’s Dial-N-Trade is another tool that enables traders to place their trading orders through the telephone. This tool offers the following features:

• Pan-India accessibility
• Secure and robust infrastructure
• You can ask for Sharekhan Research Advice.
• Traders can discuss market factors and trends with the representative.

In addition, the firm’s tools comprise Investment Cart, Alerts, Pattern Finder, and Smart Search.

Here given are multiple Sharekhan offers:

• The brokerage house enables traders to open a Sharekhan Demat account for free.
• You need not pay for the account maintenance charges for the first year with Sharekhan.
• The company offers flexible brokerage plans making trading budget-friendly.
• Investors can get access to free research reports and trading calls.
• You can participate in Sharekhan’s referral program and retain a maximum of Rs. 400 for each client.
• Moreover, margin funding or pledging is available.

Sharekhan SWOT Analysis

Here explained is Sharekhan’s SWOT Analysis:

Strength

• With 3,000+ centers, Sharekhan is among the brokerage house with the most prominent branches network.
• Various innovative investment products and service offerings.
• Robust IT infrastructure.
• An R&D department for intensive research on the industry.
• International presence with branches in Oman and UAE.

Weakness

• No Free and Flat Brokerage.
• Traders can’t access free Delivery, Intraday, and F&O trading.
• Doesn’t offer Banking, Insurance, and Government or Corporate Bonds.

Opportunities

• The firm can offer Zero Brokerage to the traders for loss Making trades.
• Sharekhan can expand its services to a 3-in-1 account and Portfolio Management Service (PMS).
• It can provide social media support facilities by offering Whatsapp and Telegram support.

Threat

• SEBI and RBI are stating stringent trading measures.
• Discount brokerage organizations are a major threat as they provide all trading tools at a minimal cost.
• Increasing domestic competition with Angel One, Zerodha, and Upstox as the leading competitors.

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Sharekhan put together an R&D department that researches almost every aspect of the industry.

Moreover, the company provides these research findings to the traders with Sharekhan Trading Account:

• Fundamental Reports include stocks’ intrinsic value analysis, financial statements, and industry trends.
• Research Reports to know how is the stock market doing, what’s up and what’s down.
• Company Reports showcase Sharekhan’s revenue, profit margins, future growth, and other financial Data.
• In addition, you can ask for annual, IPO, technical, stock tips, market reviews, and several other research and advisory reports.

As an investor, you can retain a lucrative Sharekhan Margin and leverage incentives, thus having significant exposure to your trades.

• For Equity Delivery, you can retain at most 1x margin.
• You can have up to a 5x margin for Equity Intraday, depending on the stocks.
• For Equity F&O Carry Forward, you can keep at most a 1x margin.
• You can get at most a 1.3x margin for Equity F&O Intraday.
• For Commodity F&O Carry Forward, you can have at most a 1x margin.
• The firm offers at most a 1.3x margin for Commodity F&O Intraday.
• For Currency F&O, you can get at most 1x margin.

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You can contact a dedicated dealer and access trading support for free. Sharekhan’s customer care phone number is 9620206565. Also, a customer can reach out to the company via email.

Moreover, the company has a social media presence on Facebook and Twitter. You can visit their official social media page to resolve your queries.

The total number of Sharekhan Complaints is 140, of which the company has resolved 122 complaints. It implies that the brokerage house solves approximately 87.14% of its customers’ complaints.

Out of 140 total complaints, 12 complaints are non-actionable. Therefore, the percentage of non-actionable complaints is 8.57%.

Sharekhan Charges

Here are the different categories of Sharekhan charges:

Sharekhan Account Opening Charges

• The charges for opening an account are zero.
• No Annual Maintenance Charges (AMC) for the first years after opening the account.

STT & CTT Charges

• 0.1% on the buy and sell side for Equity Delivery
• 0.025% on the sell side for Equity Intraday
• 0.0625% on the sell side for Equity Option
• 0.05% on the sell side for Commodity Option

Stamp Duty Charges

• 0.015% on the buy side for Equity Delivery
• 0.002% on the buy side for Equity Future
• 0.002% on the buy side for Commodity Future
• 0.0001% on the buy side for Currency Option

Transaction Charges

• 0.00335% as per NSE and BSE for Equity Delivery
• 0.002% as per NSE and BSE for Equity Future
• 0.05% for non-agricultural Commodity Option

Pledge Charges

• Pledge creation charges are Rs. 25 for each request
• Pledge Invocation charges are Rs. 25 for each request

Hidden Charges

• Rs. 10 per crore as SEBI Turnover Charges for each segment
• 185 GST on Brokerage, SEBI, and Transaction charges
• Rs. 20 per scrip on the sell side as DP charges

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Sharekhan Review – Conclusion

Are you looking for the finest investment portal to trade in Indian stock market financial instruments? If yes, look no further than Sharekhan.

Sharekhan has established itself as a leading Indian broker in just 13 years.

By uncovering the Sharekhan Review, it can be concluded that the firm offers incredible services to individual traders, NRIs, and small to large enterprises.

From equities and commodities to currency, mutual funds, and IPOs, you can trade in almost every investment option with Sharekhan.

FAQs on Sharekhan

Check out various FAQs related to Sharekhan Review.

Is Sharekhan a Safe Broker?

Sharekhan is registered with NSE, NSEFO, and BSE, making it a safe trader broker.

Is Sharekhan Good for Beginners?

Sharekhan offers training, local support, and trading tips to educate freshers about the Indian stock market. Therefore, Sharekhan suits beginners striving to trade in different financial products.

How many active clients does Sharekhan have?

Sharekhan currently provides financial services to more than 7.5 lakh active clients.

Who is the Founder of Sharekhan?

Mukesh Meena Dayalpura is the founder of Sharekhan. He incorporated this private organization in 2000, with its head office in Mumbai.

Does Sharekhan provide Free Delivery Trading?

No, Sharekhan doesn’t provide Free Delivery Trading. Classic and Prepaid are its two brokerage plans. Classic plan’s brokerage for equity delivery is 0.50% and 0.10% for equity intraday. The subscription fees for prepaid plans differ.

What are Intraday Trading Charges in Sharekhan?

Equity Intraday charges in Sharekhan are 0.02% or 1 paisa for each share. A trader needs to higher amount of two.

What are Sharekhan F&O Charges?

Sharekhan charges 0.03% of transactional value for Equity Future, and Equity Option charges are Rs.30 for each lot.

Does Sharekhan charge for Commodity Trading?

Yes, Sharekhan charge for Commodity Trading. The firm charges 0.05% of transactional value for Commodity Future. Furthermore, Commodity Option charges are Rs.75 for each lot.

Does Sharekhan charge for Currency Trading?

Yes, Sharekhan charge for Currency Trading. An investor must pay 0.03% of transactional value for Currency Future and Rs.20 per lot for Currency Option.

Does Sharekhan provide Research?

Sharekhan provides several research findings to the traders, including Fundamental, Annual, Company, Research, and Technical Reports.

How to contact Sharekhan Customer Care?

You can contact Sharekhan customer care using the company’s official phone number, email id, or on social media pages.

Sharekhan’s customer care number is 9620206565, and its email is corporateenquiry@sharekhan.

How much is AMC in Sharekhan?

There are no Account Maintenance Charges (AMC) for the first year. After the first year of opening the account, Sharekhan charges Rs.400 as AMC.

What are Account Opening Fees in Sharekhan?

Sharekhan allows investors to open an account for free with the company.

What are Pledge Creation Charges in Sharekhan?

Sharekhan charges Rs.25 for each customer request as Pledge Creation Fees.

How much are Pledge Invocation Fees in Sharekhan?

Sharekhan fixes Rs.25 for each customer request as Pledge Invocation Fees.

Does Sharekhan levy any Interest on Margin Trade Funding?

Yes, Sharekhan levies interest on Margin Trade Funding. The company customizes the brokerage rates according to the trader’s trading volumes.

What are DP Charges in Sharekhan?

Sharkhan charges Rs.20 per Scrip on the sell side as DP Fees.

Does Sharekhan levy any Account Closure Fees?

Yes, Sharekhan levy Account Closure Fees. An investor must pay the broker Rs.150 as Account Closure Charges.

What are Account Reactivation fees in Sharekhan?

The Account Reactivation fee that Sharekhan charges from its active clients is Rs.100.

What are Call & Trade Charges in Sharekhan?

Sharekhan charges its active clients Rs. 50 for each trade as Call and Trade Fees.