Sharekhan

Incorporated in February 2000, Sharekhan is India’s 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it’s very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has international presence in the UAE and Oman.

Sharekhan offers its services to all kinds of customers including individual investors and traders, corporate, institutional and NRI’s. As of Dec 2018, Sharekhan has over 17 lakh customers. Sharekhan offers trade execution facilities for equity cash and derivatives segments on BSE and NSE, commodities trading facilities on MCX and NCDEX. Sharekhan also offer depository services (demat account) and option to invest in mutual funds and IPOs.

Sharekhan.com is the finest investment portal for India stock market. The well designed website provides wide range on investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much more.

The new Sharekhan App is user friendly and has been redesigned keeping user’s requirements in mind. Along with its fresh new look, it also offers extensive features for both traders and investors alike. Now, you can initiate trade easily, keep track of your stocks and manage portfolio, all in one place.

Sharekhan also offers ‘Sharekhan TradeTiger‘, one of the most popular trading terminals, for retail investors. The Trade Tiger is quite similar to Broker Terminal and allows frequent traders to place and execute their orders at a high speed. It also provides live data and other tools on the same screen to help the users with their trades.

Sharekhan’s ‘ShareMobile‘ platform offers trading facility though mobile application. Mobile apps are available for popular iPhone, iPad, Blackberry, Android and other phones.

Services offered by Sharekhan include trading in equity, F&O and Commodity and investment in IPO’s, Mutual Funds, Insurance, Bonds and NCD’s. Company also provide Sharekhan Demat Account and registered as a depository participant with NSD and CDS.

Sharekhan offers verity of accounts to suite customer requirement. These accounts include Sharekhan First Step Account, Sharekhan Classic Account, Sharekhan Trade Tiger Account and Portfolio Mgmt Services (PMS) though Sharekhan Platinum Circle Account.

Sharekhan has its own research teams which regularly publishes investment advice, stock tips, quarterly company result analysis and news alerts to its customer though email, SMS and on Sharekhan.com. Sharekhan has an excellent knowledge center on its website to help stock and commodity market investors of all kind. It also offers free online and classroom seminars / workshops to investors. Each Sharekhan Accounts comes with online and in-person help from Sharekhan representative.

 

Account Types #

1. Classic account #

Allow investor to buy and sell stocks online along with the following features like multiple watch lists, Integrated Banking, demat and digital contracts, Real-time portfolio tracking with price alerts and Instant credit & transfer.

  1. Online trading account for investing in Equities and Derivatives
  2. Free trading through Phone (Dial-n-Trade)
    1. Two dedicated numbers for placing your orders with your cellphone or landline.
    2. Automtic funds tranfer with phone banking (for Citibank and HDFC bank customers)
    3. Simple and Secure Interactive Voice Response based system for authentication
    4. get the trusted, professional advice of our telebrokers
    5. After hours order placement facility between 8.00 am and 9.30 am
  3. Integration of: Online trading + Bank + Demat account
  4. Instant cash transfer facility against purchase & sale of shares
  5. IPO investments
  6. Instant order and trade confirmations by e-mail
  7. Single screen interface for cash and derivatives

2. TradeTiger account #

This is a net based executable application for active traders who trade frequently during the day’s trading session. Following are few popular features of Trade Tiger account.

  1. A single platform for multiple exchange BSE & NSE (Cash & F&O), MCX, NCDEX
  2. Multiple Market Watch available on Single Screen
  3. Hot keys similar to a traditional broker terminal
  4. Tie-up with 12 banks for online transfer of funds
  5. Different tools available to gauge market such as Tick Query, Ticker, Market Summary, Action Watch, Option Premium Calculator, Span Calculator
  6. Graph Studies are available including Average, Band- Bollinger, Know SureThing, MACD, RSI, etc

Sharekhan Charges 2023 #

Account Opening Fees & Annual maintenance charges (AMC) #

  • Trading Account Opening Charges (One Time): Rs 0 (Free)
  • Trading Annual maintenance charges (AMC): Rs 0 (Free)
  • Demat Account Opening Charges (One Time): Included in trading account opening charges
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 (Free for 1st year with trading account.)

Sharekhan Trading Brokerages Charges: #

  • Equity Cash Intra-day Trades: 0.10% on the buy side.
  • Equity Delivery Trades: 0.50% or 10 paise per share or Rs 16 per scrip whichever is higher.
  • F&O Trades: 0.10% on the first leg and 0.10% if squared off on any other day.
  • Options Trades: 2.50% or Rs 250 per lot on the premium (whichever is higher).
  • Currency Future: 0.10%.
  • Currency Options: 2.50% or Rs 30 per lot on premium (whichever is higher).
  • Commodity: 0.10%.

Sharekhan Minimum Brokerage Fee: #

  1. For Intra-day Trades: Sharekhan charges minimum brokerage of 5 paise per share. This means that while doing intraday trading if the share price you trade in is Rs 50 or less, a minimum brokerage of 5 paise per share will be charged.
  2. For Delivery Based Trades: Sharekhan charges minimum brokerage fee of 10 paise per share. This means; for delivery based trades minimum brokerage of 10 paise per share is charged when the share price is Rs 20 or less.
  3. Minimum DP charges: DP charges of Rs 16 per scrip is charged when the total traded value is Rs 3200 or less in case of sell transaction.

Sharekhan Post Paid Plans #

Sharekhan offers following post paid plans. To get the offer customer has to deposit the margin money with Sharekhan based the plan they choose. The brokerage reduces as the margin money is high.

Equity Cash Future Options
Margin Scheme Leg 1 Leg 2 Delivery Leg 1 Leg 2 (same day) Leg 2 (next day) Option (whichever is higher)
25,000 0.10% 0.10% 0.50% 0.10% 0.02% 0.10% 2.50% or Rs 100 per lot
30,000 0.10% 0.00% 0.50% 0.10% 0.00% 0.10% 2.50% or Rs 100 per lot
40,000 0.09% 0.00% 0.45% 0.09% 0.00% 0.09% 2.25% or Rs 95 per lot
50,000 0.07% 0.00% 0.40% 0.07% 0.00% 0.07% 1.50% or Rs 80 per lot
1 Lakh 0.05% 0.00% 0.25% 0.05% 0.00% 0.05% 1.00% or Rs 70 per lot
3 Lakh 0.04% 0.00% 0.20% 0.04% 0.00% 0.04% 1.00% or Rs 50 per lot
5 lakhs 0.03% 0.00% 0.18% 0.03% 0.00% 0.03% 0.75% or Rs 40 per lot
10 Lakhs 0.02% 0.00% 0.15% 0.02% 0.00% 0.02% 0.60% or Rs 30 per lot
20 Lakhs 0.015% 0.00% 0.10% 0.015% 0.00% 0.015% 0.55% or Rs 25 per lot

Sharekhan Pre Paid Plans #

Sharekhan offers following pre paid brokerage plans. The plans are available for 6 month and 1 year as shown below:

Equity Cash Future Options
Amount (Rs) Period Leg 1 Leg 2 Delivery Leg 1 Leg 2 (same day) Leg 2 (next day) Option (whichever is higher)
750 6 months 0.10% 0.00% 0.50% 0.10% 0.00% 0.10% 2.50% or Rs 250 per lot
1000 6 months 0.09% 0.00% 0.45% 0.09% 0.00% 0.09% 2.25% or Rs 238 per lot
2000 12 months 0.07% 0.00% 0.40% 0.07% 0.00% 0.07% 1.50% or Rs 200 per lot
6000 12 months 0.05% 0.00% 0.25% 0.05% 0.00% 0.05% 1.00% or Rs 175 per lot
10000 12 months 0.045% 0.00% 0.22% 0.045% 0.00% 0.045% 1.00% or Rs 150 per lot
18000 12 months 0.04% 0.00% 0.20% 0.04% 0.00% 0.04% 1.00% or Rs 125 per lot
30000 12 months 0.03% 0.00% 0.18% 0.03% 0.00% 0.03% 0.50% or Rs 100 per lot
60000 12 months 0.02% 0.00% 0.15% 0.02% 0.00% 0.02% 0.50% or Rs 75 per lot
100000 12 months 0.015% 0.00% 0.10% 0.015% 0.00% 0.015% 0.50% or Rs 63 per lot
200000 12 months 0.005% 0.005% 0.08% 0.005% 0.005% 0.005% Flat Rs 25 per lot

 

Sharekhan Trading Software (Sharekhan Trading Platforms) #

Sharekhan offers 4 online trading software to its customer.

  1. TradeTiger (Trading Terminal)
  2. Sharekhan Website (Website Trading)
  3. Sharekhan App (Mobile Trading)
  4. Sharekhan Mini (Low bandwidth App)

These Sharekhan trading software’s offer trading in equity, commodity, and currency at BSE, NSE, MCX, and NCDEX. Sharekhan trading platform is available for free to all customers.

TradeTiger, the exe based installable trading application for PC is among the most powerful and advanced trading software available in India. Build in-house by Sharekhan IT team, this platform is continuously improved based on user feedback. Sharekhan Trade Tiger has all the functions needed for an active trader.

Sharekhan Pros and Cons #

Sharekhan Pros (Advantages) #

The following are the advantages of Sharekhan. You must read Sharekhan advantages and disadvantages before opening an account with Sharekhan. Sharekhan pros and cons help you find if it suits your investment needs.

  1. Sharekhan offers different trading platform to suite customer requirement. This includes online browser based trading, Installable terminal, mobile, call n trade and in-person trade though branch offices.
  2. 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.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn’t charge for Online Funds Transfer from bank account and Funds Pay-out to bank account.
  5. Sharekhan doesn’t charge for DP transactions. Share transfer from and to the dp account is free.
  6. Sharekhan has India-wide network of branches. You can find surly find a Sharekhan in your neighborhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposit as collateral for future and option trading.

Sharekhan Cons (Disadvantages) #

The following are the cons of Sharekhan. Check the list of Sharekhan drawbacks.

  1. Sharekhan doesn’t offer 3-in-1 account as they don’t provide banking services.
  2. They brokerage charges are % based which are higher in comparison to flat fee brokers.
  3. They charge minimum brokerage of 10 paisa per stock would not let you trade stocks below Rs 20. (If you trade, you will loose majority of your money in brokerage).
  4. Classic account holders cannot trade commodities.

Sharekhan Margin Exposure #

Sharekhan margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Sharekhan F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Sharekhan F&O carry forward positions and equity delivery trades.

Segment Margin Leverage
Equity Delivery 100% of trade value 1x
Equity Intraday Up to 20% of trade value 5x
F&O (Equity, Currency and Commodities) 100% of NRML margin (Span + Exposure) 1x

Sharekhan Complaint #

The number of Sharekhan customer complaint received by the exchanges. The Sharekhan consumer complaint report helps understanding the Sharekhan quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2023-24 664,848 34 0.01%
NSE 2022-23 694,334 178 0.03%
BSE 2022-23 197,816 32 0.02%
NSE 2021-22 764,250 292 0.04%
BSE 2021-22 154,645 24 0.02%
NSE 2020-21 679,333 405 0.06%
BSE 2020-21 120,855 6 0%
NSE 2019-20 549,778 187 0.03%
BSE 2019-20 120,469 11 0.01%
NSE 2018-19 517,252 125 0.02%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

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