ShareKhan Review - A Full Service Share Broker India 2017


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Overall

Sharekhan not just allows you to trade in all the market segments but also offers finest services like investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much more. With these attributes, the company earns a powerful position in Indian Stock broker Industry .

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why Sharekhan?

  • Award winning research.
  • Full range of trading, saving and investment products.
  • State of the art trading platforms like TradeTiger , ShareKhan App, ShareKhan Mini.
  • Dedicated Education and training courses for investors and traders in collaboration with Online Trading Academy (OTA).
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LikesLikes

  • Free call and trade facility.
  • Most powerful and robust trading terminal-'Trade Tiger'.
  • Share transfer from and to the DP account is free.
  • Huge network.
  • Supports commodity trading.

DislikesDislikes

  • Doesn't offer 3-in-1 account.
  • Minimum brokerage charges which makes it difficult to trade in penny stocks.
  • High brokerage so not well fit for day traders.
  • Classic account doesn't facilitate to trade in commodities.
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Sharekhan Review - 2017

Sharekhan BNP Paribas is the Mumbai based full service stock broking firm having most credible name in the share brokerage Industry with 16+ lakhs customers on board and having presence in 575 cities with 2400 offices and franchisees across India.

ShareKhan was founded in year 2000 by SSKI Group and become subsidiary of BNP Paribas in 2016. BNP Paribas is a leading bank in Europe with an international reach.  Sharekhan not only offer online trading facility in equity, derivatives, currency and commodity having membership in NSE, BSE, MCX and NCDEX  but also provide financial services such as investment in PMS, MF, IPOs and bonds; advisory, research reports, online education, NRI services and much more.

To start E-Trading with Sharekhan, you need to open Trading Account and Demat Account with Sharekhan Ltd.  Sharekhan is Depository Participant with NSDL and CDSL.

Sharekhan offer online education in equity, options and commodity through Online Trading Academy OTA, the global leader in trading education.  Sharekhan Classroom offers free web based training to understand the basics of trading. Ignite is a year-long online trader mentoring program from Sharekhan in partnership with the Online Trading Academy, where you can learn how to confidently trade without the fear of losing. Courses like Stock Investor and Wealth Essentials are also available.

Sharekhan offer multiple Portfolio Management Schemes (PMS) especially for HNI customers. PMS ProPrime is aimed at long term investors, focusing on steady returns & PMS ProTech focuses on absolute returns in the market.

ShareKhan Mutual Fund services are comprehensive and exceptional.  The broker provides paperless mutual fund account opening facility called INSTA MF A/C. Their Robo-Advisory tool NEO analyzes your financial goals and risk profile and based on that suggests investment portfolio to you. You also get personal advice and research by approaching your local branch or online. Model Portfolio Tools for Mutual Funds like Compare Funds, Investment Calculator, Goal Calculator, Performance Calculator are great help to answer all your queries related to Mutual Fund Schemes, return on investment, reaching goal etc.

ShareKhan offer research- based financial advice available on their website and over phone.  Research for Investors, Research for Traders and Research for Mutual Funds are clearly visible onsite. You can also get Intraday Calls, Momentum Calls, Smart Chart Calls, and Fundamental Calls from 2-toll free numbers Toll Free: 1800-270-7050 / 1800-22-7050.

Dial-N-Trade of Sharekhan is a unique feature to place your orders for equity, currency and options.

Sharekhan has state-of-the-art trading platforms packed with power features to make trading convenient. ShareKhan TradeTiger is an exe based online trading platform to trade in stocks, derivative and currency.   www.Sharekhan.com is the web portal of ShareKhan for all your trading and investment needs. ShareKhan App offer app based trading through mobile phones. The app can be downloaded and installed for android and IOS devices.ShareKhan Mini is low bandwidth website, work on Android, IOS, Blackberry and Windows mobiles as well as on a basic 2G phone.

ShareKhan Pattern Finder is a tool that analyzes stocks and indices, find out profitable opportunities and provide trading insights and techniques. You need to subscribe to use this tool. You get information via email and SMS alert before the market opens.

ShareKhan NRI Services are offered online and include trading in equities, futures, and options on NSE and BSE. You can integrate Trading and Demat Accounts with Sharekhan and Bank Accounts with HDFC / AXIS / INDUSIND / IDBI Bank to form a 3-in-1 NRI Account. You get the services of dedicated relationship managers and 24*7 NRI Customer Support. Trading can be done online using any of the trading platforms offered by Sharekhan and also you can do call and trade.

Request call back from Sharekhan
Sharekhan with closest competitors
Broker Sharekhan Zerodha ICICIDirect SAS Online ProStocks
Service Type Full Service Broker Discount Broker Full Service Broker Discount Broker Discount Broker
Brokerage 0.1 to 0.5% Rs 20 0.05 to .55% Rs 9 or 999 PM Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No Yes Yes
Rating
Please refer unique and accurate Sharekhan Brokerage Calculator

Sharekhan Brokerage Charges - 2017

Intra-day Trades : 0.1% on the buy side and 0.1% on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.

For Delivery Based Trades: 0.5% on the buy side and 0.5% on the sell side. This is subject to a minimum brokerage of 10 Paisa per share. Minimum brokerage of 10 Paisa per share will be applicable when the share price is Rs 20/- or less.
Brokerage of Rs 16/- per scrip will be applicable when the total traded value is Rs 3200/- or less in case of sell transaction. It will only be applicable on SELL Delievery Transactions.

Equity Future: 0.10% on the first leg, 0.02% on the second leg if squared off on the same day and 0.10% if squared off on any other day.

Option: ShareKhan Charge Rs. 100/- per lot or 2.5% on the premium (whichever is higher)

ShareKhan Transaction Charges:

  • Equity Delivery: 0.125% (Both sides)
  • Equity Intraday: 0.025% (sell side)
  • Derivatives (Futures): 0.017% (sell side)
  • Derivatives (Options): 0.017% only on sell side if squared off. (On premium)

ShareKhan Stamp Duty

  • Equity Delievery: 0.010%
  • Intra-day trades: 0.002%
  • Derivatives Future: 0.002% on actual price
  • Option: 0.002% on premium.

ShareKhan Other charges
Service Tax 10.30% on Brokerage + Transaction Charges ( 10% Service Tax + Education Cess 2% of Service Tax + Higher Education Cess 1% of Service Tax).
Turnover Tax 0.00335% for Cash Segment (0.00325% + 0.0001% Sebi Turnover Fees) and 0.002% for Futures on actual rate (0.0019% + 0.0001% Sebi Turnover Fees) and 0.0501 on premium ( 0.05% + 0.0001% Sebi Turnover Fees).

Trading and Demat Account

  • Trading and Demat Account Opening Charges: Free
  • Trading Annual maintenance charges (AMC): charges are fully adjustable against brokerage.
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 (Free for 1st year with trading account.)

Sharekhan Minimum Brokerage :5 paisa/share for intraday trasactions and 10 paisa/day for delievery trasactions.

Sharekhan's Pre Paid Scheme:
ShareKhan Offers various Pre Paid Brokerage Plan where investors need to pay th brokerage money upfront to avail the lowest brokerage rates for a year. Some plans are - AMC 6000, AMC 10000, AMC-18000,AMC-30000,AMC-60000 and AMC-100000.Please refer below table for Detail plan.

Sharekhan's Post Paid Plan:
Sharekhan offered this unique post paid plan based on keeping margin money in your account. The higher the margin money ,the lower the brokerage will be. You can keep the margin money starting from 25k to 20 lakhs to avail this plan's offerings.

ShareKhan Reward program like 'refer a friend' and 'Get an Affiliate link' gives you an opportunity to earn 10% of brokerage or Rs 2 on every trade executed by your referral.
For complete brokerage charges and trading plans detail please visit Sharekhan Brokerage Charges.

Sharekhan Brokerage Charges - Classic Account
Brokerage Plan Classic Account
Flat Fee NA
Equity Delivery 0.5%(buy and sell side)
Equity Intraday 0.1%(buy and sell side)
Equity Futures 0.1% on 1st leg and square off any other day
Equity Options Rs 100/- per lot or 2.5% on premium (whichever is higher)
Currency Futures 0.1%
Currency Options Rs.30/- per lot or 2.5% on premium (whichever is h
Commodity 0.1%

Account Opening with Sharekhan

For online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:

  • Drop your phone number and Sharekhan Customer Service Executive will call you back for trading & demat account.

Contact Sharekhan

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EmailCity
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Are you a day trader?

Sharekhan Web, Mobile app and Desktop base trading platform - 2017

Sharekhan offers terminal based, web based and mobile app based trading to its customers.
Sharekhan Classic Account: This account offers net based online trading and also call and dial facility at free of cost. Some of its features are:

  • Free and Secure Trading over phone using two of your numbers.
  • Integration of Online trading + Bank + Demat account
  • Instant cash transfer facility against purchase & sale of shares
  • IPO investments
  • Instant order and trade confirmations by e-mail
  • Single screen interface for cash and derivatives

Sharekhan TradeTiger: Trade Tiger is the downlodable terminal based online trading platform of Sharekhan. It is a very robust platform that requires a slight learning curve, as all active trader platforms do, to become acquainted with it. Some of its features are:

  • single platform for multiple exchange BSE & NSE (Cash & F&O), MCX, NCDEX, Currency, Mutual Funds, IPOs
  • Multiple Market Watch available on a Single Screen
  • Multiple Charts with Tick by Tick Intraday and End of Day Charting powered with various Studies
  • Graph Studies include Average, Band-Bollinger, Know SureThing, MACD etc
  • Apply studies such as Vertical, Horizontal, Trend, Retracement & Free lines
  • User can save his own defined screen as well as graph template, that is, saving the layout for future use.
  • User-defined alert settings on an input Stock Price trigger
  • Tools available to guage market such as Tick Query, Ticker, Market Summary, Action Watch, Option
  • Premium Calculator, Span Calculator
  • Shortcut key for FAST access to order placements & reports
  • Online fund transfer activated with 14 Banks

Trade Tiger Access Charges (Applicable for online trading only) :-Additional Fee of Rs. 3000 + statutory charges

ShareMobile: Sharemobile is the app for ios and android phones.Earlier version used was Sharekhan MINI. Some of the features of ShareMobile are:

  • Multi-Exchange streaming watch list.
  • Fund transfer
  • Trading on NSE,BSE,MCX,MCDEX
  • Live Reports,Market Indices and News
  • Intraday Charts
For detail review of mobile app and download please visit Sharekhan Mobile App.

Sharekhan Membership Information

  1. Sharekhan NSE Membership:
    • Capital Market (CM) - INB231073330
    • Future & Options (F&O) - INF231073330
    • Currency Derivatives (CDS) - INE231073330
  2. Sharekhan BSE Membership:
    • Capital Market (CM) - INB011073351
    • Future & Options (F&O) - INF010752039
  3. Sharekhan MCX Membership:
    • MCX-SX CDS : INE261073330
    • NCDEX : NCDEX/TCM/CORP/0142
    • MCX : MCX/TCM/CORP/0425
  4. Sharekhan Depository:
    • Depository Participant : NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004;

Product and Services

3 in 1 Accounthelp
No
Multiple Plans help
No
Monthly Plan help
No
Yearly Plan help
No
Portfolio help
Yes
Charting help
Yes
Automated Trading help
No
AMO Order help
Yes
Allow GTC Order help
Yes
SMS Alerts help
Yes
Margin Trade Funding help
Yes
Combined Ledger for Equity and Commodityhelp
Yes
NRI Trading help
Yes

Offering of Investments

Equity Cash and F&O help
Yes
Currency F&O help
Yes
Commodity Trading help
Yes
Mutual Funds help
Yes
ETF help
Yes
IPO Investment help
Yes
Bonds Investment help
Yes
Debt Investment help
Yes
Banking Service help
No
Insurance Service help
Yes
SIP Investment help
Yes

Trading Platforms & Tools

Desktop Platform (Windows) help
Yes
Desktop Platform (Mac) help
No
Web Platform help
Yes
Stock Alerts Delivery - Email help
No
Stock Alerts Delivery - Text SMS help
Yes
Virtual Trading help
No
Watch-lists, streaming real-time quotes help
Yes
Mobile Trading help
Yes
Android Tablet App help
Yes
Android App help
Yes
iPhone App help
Yes
iPad App help
Yes
Mobile Trading Site help
Yes

Customer Service

Phone Support help
Yes
Toll Free Number help
Yes
Email Support help
Yes
Branch Offices help
Yes
Live Chat (Current Clients) help
Yes
24/7 Support help
No

Research and Market Reports

Daily Market Report help
Yes
Free Tips help
Yes
Quarterly Results help
Yes
New Alerts help
Yes
Mutual Funds Research help
Yes
Research Equity Reports help
Yes
ETF Research help
Yes

Final thought about Sharekhan

Sharekhan is a big name in share brokerage Industry with over 13 lakh customer base, powerful online trading tools, Research based investment advice, dedicated customer service. ShareKhan is best suited for newbies in the market who can get help from its branches in your neighborhood but only at the cost of paying high brokerage. The challenge Sharekhan and all other full service brokers are facing with emerge of new discount brokers in market is inevitable and has to compete hard to stay in business.

If you like what you have read and want to choose Sharekhan or any other broker, leave your contact information with us and we will guide you.


Sharekhan User Reviews

avatar
15. rakesh  Nov 8, 2017 11:09:39 AM IST Reply
sir full details information plz in demat
avatar
14. gp  Oct 28, 2017 8:34:18 AM IST Reply
sharekhan ke dp charges kya hai
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13. avinash  Jul 12, 2017 9:20:18 AM IST Reply
I still waiting to call from executives of sharekhan for 10 days who can guide me about how open the account .
avatar
13.1. Mithilesh Kumar  Sep 20, 2017 10:43:53 PM IST
Sir gi sheir market me pahli bar aa raha hu.mughe kuch idea nahi hai ap bataye thank.
avatar
13.2. Mithilesh Kumar  Sep 20, 2017 10:48:05 PM IST
Sir gi sheir market me pahli bar aa raha hu.mughe kuch idea nahi hai ap bataye thanks.
Aurangabad Bihar
avatar
12. Sankar  Sep 2, 2017 10:29:57 PM IST Reply
Like

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
11. Neelam Kumar  Jun 8, 2017 1:38:37 PM IST Reply
I mainly their Desktop trading platform "TradeTiger".. It is easy to and with extensive charting

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
10. Mehta  May 13, 2017 6:22:58 PM IST Reply
How is trade tiger tool?
avatar
9. Sachin Kar  May 2, 2017 10:25:03 AM IST Reply
Everything!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
8. rajesh  Apr 11, 2017 2:57:43 PM IST Reply
best in this broking business

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
7. SK  Aug 2, 2016 1:51:04 AM IST Reply
I am on sharekhan and am getting Rs.25 per lot. for options.
I trade around 7-8 lots of nifty on almost daily and I feel its a little higher.

I am not taking into consideration all super low cost brokerage houses/Discount brokers at all. I just want to know how much more are they charging compared to top big brokers.
avatar
7.1. admin  Aug 2, 2016 2:02:12 AM IST
Yes, Full service brokers charges per lot, please refer our broker compare page, you will get clear picture.

http://www.topsharebrokers.com/brokerage-comparison-calculator/nse
avatar
7.2. maneek  Apr 8, 2017 10:24:01 AM IST
Please do not give wrong and biased information.you said " I am on sharekhan and am getting Rs.25 per lot. for options." NO I repeat NO> they are charging Rs150 per lot or 2.5 to 3.5 %. whichever is higher.. so please do not post wrong/biased information

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