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Sharekhan Review 2021

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Sharekhan Review

Contact Sharekhan

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Sharekhan is the Mumbai-based full-service broker offering online trading in equity, derivatives, commodity, currency, IPO, mutual funds, bonds, and Portfolio Management Service (PMS). It is one of the best brokerage houses after ICICI and HDFC Securities with an active client base of 17 lakh+ customers. It provides a complete investment solution to cater to the trading and investment requirements of individuals, NRIs, HNIs, and corporates.

Being a full-service broker, Sharekhan also offers free research including market research, sector-research, company-research, and commodity research. It has further categorized its research for traders, investors, and mutual fund investors. The broker also provides online learning tutorials, courses, and web-based training to provide stock market education.

The brokerage firm offers state-of-the-art trading platforms. Sharekhan Trade Tiger Trading Terminal is one of the flagship trading platforms for active traders with a powerful charting feature. It further facilitates mobile users to trade through Sharkehan Mobile Trading App and Sharekhan Mini App for low bandwidth internet users. Customers can open a Free Sharekhan Mutual Fund Account to undertake online MF investment through the Sharekhan Insta MF Platform – Insta MF App.

Sharekhan serves customers offline too through its 3200+ branches and sub-broker offices across 575 cities all over the country. Customer support is highly valued by the broker and to meet every client’s expectation, it provides support services over E-mail, Chatbot, call center, toll-free number. Further, Free Call & trade, intraday trading calls, margin trading funding, MF Robo-advisory services (Sharekhan NEO), loans against securities, etc. are the key benefits to trade with Sharekhan.

Sharekhan Review 2021 - Quick Summary

Sharekhan is one of the best full-service brokerage houses in India with smart trading platforms like Trade Tiger and Sharekhan Mobile App, Portfolio Management Service, Free research reports, MF investment through Sharekhan Insta MF Platform.


Benefits

There are a lot of reasons on “Why to choose Sharehan”. Here are the details:

  • Online trading & investment in equity, F&O, commodity, currency, IPO, MF, PMS, and bonds.
  • Sharekhan 3-in-1 NRI account opening facility with HDFC, IndusInd, Axis, and IDBI Bank.
  • Different types of accounts like First-step, classic, Trade Tiger, and Advisory account.
  • State-of-the-art trading platforms i.e. Sharekhan Trade Tiger, Sharekhan mobile app, and Sharekhan Mini app.
  • Free Mutual Fund Investment on the Sharekhan Insta MF platform.
  • Robo-advisory MF investment through the Sharekhan NEO tool.
  • 100% Free Dial-n-trade or call & trade service.
  • Free access to Sharekhan research, trading calls, and market reports.
  • Online stock market learning tutorials and courses.
  • Value-added offerings such as margin funding, loan against securities, etc.
  • Strong network presence through 3200+ branches and sub-broker offices.

Considerations

  • Residents can’t open a 3-in-1 account.
  • Limited choice of banks to open the NRIs 3-in-1 account.
  • High brokerage charges.
  • Classic account holders can't trade in the commodity segment.

Special Offer

Get Free Trading + Demat Account (Rs 1150 waived on account opening) for a limited time. Sign up now

Request call back from Sharekhan

Sharekhan Investment Options Compare

Here we are comparing Sharekhan with its 5 close competitors on investment options.

Broker Sharekhan 5paisa Zerodha Upstox SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes Yes
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes No No No

Sharekhan Brokerage Plan, Fees and Charges

Rated 2.5 stars Brokerage and Commission Rated 2.5/5

Sharekhan Account Opening Charges

  »»  Trading Account Opening Charges: Free
  »»  Trading Account AMC: Free
  »»  Demat Account Opening Charges: Free
  »»  Demat Account AMC: Rs 400 PA (Waived for 1st year)

Sharekhan Brokerage

Check here the Sharekhan brokerage charges across segments;

Segment Brokerage
Intraday trading 0.10% on buy-side and ₹ 0 on the sell-side
Delivery-based trading 0.50% on buy-side and ₹ 0.50% on the sell-side
Equity futures 0.10% on the first leg and ₹0 on the second leg (same day square off) or 0.10% on the second leg (If squared off the next day)
Equity Options Rs. 250 per lot or 2.50% on the premium, whichever is higher
Currency futures 0.10%
Currency options ₹ 30 per lot or 2.50% on the premium, whichever is higher
Commodity brokerage 0.10%

Sharekhan Minimum Brokerage

  • Intraday trading: 5 paisa per share
  • Delivery based trading: 10 paisa per share

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

  • Sharekhan DP charges: Rs. 16 per transaction
  • GST: 18% on brokerage + transaction charges.
  • Instant Payment Gateway charges: Rs. 9 each fund transfer.
  • Dematerialization charges: Rs. 5 for each certificate.
  • Rematerialization charges: Rs. 50 each certificate.

Sharekhan Pre Paid Plan

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-750, AMC-1000, AMC-2000, AMC-6000, AMC-10000, AMC-18000,AMC-30000,AMC-60000, AMC-100000 and AMC-200000. Please refer below table for Detail plan.

Sharekhan Pre Paid Plan
Plan Equity Delivery Equity Intraday Equity Futures Equity Options
Plan 750 0.50 (50 Paisa) - Min 10 Paisa 0.10 (10 Paisa) - Min 5 Paisa 0.10 (10 Paisa) - Min 1 Paisa 2.50% or Rs 250 per lot, whichever is higher
Plan 1000 0.45 (45 Paisa) - Min 10 Paisa 0.09 (9 Paisa) - Min 5 Paisa 0.09 (9 Paisa) - Min 1 Paisa 2.25% or Rs 238 per lot, whichever is higher
Plan 2000 0.40 (40 Paisa) - Min 10 Paisa 0.07 (7 Paisa) - Min 5 Paisa 0.07 (7 Paisa) - Min 1 Paisa 1.50% or Rs 200 per lot, whichever is higher
Plan 6000 0.25 (25 Paisa) - Min 5 Paisa 0.05 (5 Paisa) - Min 5 Paisa 0.05 (5 Paisa) - Min 1 Paisa 1.00% or Rs 175 per lot, whichever is higher
Plan 10000 0.22 (22 Paisa) - Min 4 Paisa 0.045 (4.5 Paisa) - Min 4 Paisa 0.045 (4.5 Paisa) - Min 1 Paisa 1.00% or Rs 150 per lot, whichever is higher
Plan 18000 0.20 (20 Paisa) - Min 4 Paisa 0.04 (4 Paisa) - Min 4 Paisa 0.04 (4 Paisa) - Min 1 Paisa 1.00% or Rs 125 per lot, whichever is higher
Plan 30000 0.18 (18 Paisa) - Min 3 Paisa 0.03 (3 Paisa) - Min 3 Paisa 0.03 (3 Paisa) - Min 1 Paisa 0.50% or Rs 100 per lot, whichever is higher
Plan 60000 0.15 (15 Paisa) - Min 2 Paisa 0.02 (2 Paisa) - Min 2 Paisa 0.02 (2 Paisa) - Min 1 Paisa 0.50% or Rs 75 per lot, whichever is higher
Plan 100000 0.10 (10 Paisa) - Min 2 Paisa 0.015 (1.5 Paisa) - Min 2 Paisa 0.015 (1.5 Paisa) - Min 1 Paisa 0.50% or Rs 63 per lot, whichever is higher
Plan 200000 0.08 (8 Paisa) - Min 2 Paisa 0.01 (1 Paisa) - Min 2 Paisa 0.01 (1 Paisa) - Min 1 Paisa Rs 250 per lot on first/second & next day
Brokerage Calculator Equity Delivery Brokerage Calculator Equity Intraday Brokerage Calculator Equity Futures Brokerage Calculator Equity Options Brokerage Calculator

Sharekhan Post Paid Plan

As the name itself, this plan requires the initial margin upfront in your account. Higher the margin money means lower the brokerage charges or vice-versa. The post-paid plan starts from a margin of Rs. 25,000 to Rs. 20 Lakh.

For complete brokerage charges and trading plans detail please visit Sharekhan Brokerage Charges.

Sharekhan with closest competitors

Here we are comparing Sharekhan with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Sharekhan 5paisa Zerodha Upstox SAMCO
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range 0.1 to 0.5% Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 0.2% or Rs 20 whichever is lower
Equity Intraday 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.02% or Rs 20 whichever is lower
Equity Options 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.02% or Rs 20 whichever is lower
Currency Options 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Please refer unique and accurate Sharekhan Brokerage Calculator


Open Trading and Demat Account with Sharekhan

Indian residents as well as NRI clients are allowed to trade with Sharekhan. Residents can open a Sharekhan 2-in-1 account whereas NRIs can open a Sharekhan 3-in-1 account (Demat + Trading + NRE/NRO bank account). Here are the details of Sharekhan accounts offering;

Sharekhan Demat Account

    Holding financial securities in a computerized or electronic format is only possible through the Sharekhan Demat Account. Whenever anyone purchases security it will be credited to the Demat account. At the time of security sale, it will be debited from demat Account. Sharekhan offers Free Demat Account at zero charges whereas Demat AMC of Rs. 400 from 2nd year onwards is chargeable.

Sharekhan Trading Account

    It is an account from where buy and sell orders are placed. Likewise Demat, people can open a Free Sharekhan Trading Account at nil charges and also do not charge any AMC. The account facilitates online trading in equity, F&O, commodity, currency, IPO, and bonds.

Sharkehan NRI 3-in-1 Account

    NRIs can open a 3-in-1 account with Sharekhan (Demat + Trading + NRE/NRO bank account). Notably, the bank account must be with HDFC, IDBI, IndusInd, and Axis Bank. NRIs can trade-in equity delivery, derivative, IPO, and mutual funds. They are not allowed to trade-in intraday, commodity, and currency segments.

Sharekhan Commodity Trading Account

    As the name itself, the account facilitates commodity trading. Those who want to trade-in commodities must open Sharekhan Commodity Trading Account. The full-service broker levies 0.10% commodity brokerage charges and offers up to 2X margin.

Sharekhan Insta MF Account

    This is the most popular mutual fund account, called Sharekhan Insta MF Account. One who wants to invest in mutual funds can open Sharekhan Insta MF Account online. It offers a 100% free mutual fund account and allows online MF investment in regular schemes. Mutual fund investment through Sharekhan is possible through the Sharekhan Insta MF account, or Sharekhan website, or Sharekhan mobile app as well.

How to open Sharekhan Account?

  • Sign up now to request a callback from the Sharekhan customer service team.
  • Visit the broker’s website, sign-up, and fill online forms to open the Sharekhan account online.
  • Visit any of Sharekhan’s branches and follow the traditional paper-based process to open an account offline.

Contact Sharekhan

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Sharekhan Trading Platform and Tools

Rated 4.5 stars Trading Platforms Rated 4.5/5

The full-service broker provides the best state-of-the-art trading platforms to users that are enumerated underneath:

Sharekhan Mobile App

    It is a free mobile trading app that allows trading at your fingertips. Sharekhan mobile app is available on Android as well as iOS devices and facilitates online trading on BSE, NSE, MCX, and NCDEX. Live Marketwatch, market news, technical charting, Advanced F&O search, Pattern finder tool, etc. are some of the interesting features available on the mobile app.

Sharekhan Trade Tiger

    Sharekhan Trade Tiger is one of the best installable trading terminals in India. The flagship platform is extremely useful for professional traders. Trade Tiger can be downloaded on a Desktop or a laptop. The Multiple exchange trading platform provides a lot of intuitive features like Heat maps, stock scanner, best charting, advance orders, one-click filter, and many more.

Sharekhan Website

    web.sharekhan.com is the official Sharekhan website. Customers can visit the Sharekhan web portal, log in with their Sharekhan trading account credentials, and start trading. The web-based user interface is so simple, compatible with any browser, and easy to use.

Sharekhan Mini Mobile App

    The mini mobile app is designed for low internet bandwidth users (2G access). Sharekhan Mini app comes with all kinds-of-features like streaming watchlist, single-touch access, live reports, secure fund transfer, online tools, and calculators, etc. It allows online trading in equity, F&O, commodity, currency, and mutual funds.

Sharekhan Insta MF App

    Insta MF mobile app is the Sharekhan online mutual fund investment platform. Insta MF is a Free MF investment app that allows investment in regular schemes through SIP or lumpsum. The single mobile app makes it easier to manage and track mutual fund portfolios with greater ease.

For detail review of mobile app and download please visit Sharekhan Trading Platform Review.

Sharekhan Trading Platform Compare

Here we are comparing Sharekhan with its 5 close competitors on Trading Platform.

Broker Sharekhan 5paisa Zerodha Upstox SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Sharekhan

Rated 4 stars Rated 4/5 by 181 users

Sharekhan with a huge clientele base of 17 lakh+ customers is a reputed broker in the industry. Although, on the brokerage front, it charges a bit higher brokerage fee than other brokers but also comes with superior services too such as smart and super-fast online trading platforms like Trade Tiger and Sharekhan Mobile App, free Sharekhan research, trading calls, Free dial-n-trade, etc. Unlike many discount brokers who focus to deliver online services only, Sharekhan with a strong offline presence serves customers offline too through its branches and sub-broker offices spread all over the country.

Request call back from Sharekhan

Last updated on: 2020-12-04


Reference Topics


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Sharekhan User Reviews

avatar
43. Reena Urade 7/26/2021 5:09:30 AM Reply
very helpful staff and trade tiger is easy to use. Mobile app is user friendly.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
42. RAMACHANDRAN 6/15/2021 8:41:48 PM Reply
Bank nifty margin
avatar
41. Jaswant Singh Yadav 6/2/2021 8:28:59 PM Reply
Hello sir, I have opened an account with Sharekhan around 15 year back.so I want to know that can I restart my same account while I have forgotten all my keywords like my pin etc.what is the procedure please let me know on my mobile phone.Thank you
avatar
41.1. Vinay Jain 6/3/2021 11:59:35 AM
Yes, you can contact customer care team, they can find your account with your PAN number. Please check with team about the brokerage plan, as in lst few years brokerage has been reduced.
avatar
40. A Mondal 5/28/2021 6:39:12 AM Reply
I am using sharekhan last 10 yrs , not a single problem happened with me . Sharekhan is the only full service broker in industry who made transparency and good communication with good customer . Regarding Brokerage by default its 50 paisa in delivery but after some transaction just send mail for reduction your brokerage , now my brokerage @ 20 paisa with good research and market update letter which you can not expect from any discount broker . Another most important thing sharekhan offline presence throughout Indian cities.
Last 10 years I ve used so called all brokers from Bank Brokers to Discount , Bank Broker ICICI is good but it may not be suitable for all.
Real discount broker is only Finvasia ..All Zero Brokerage to AMC but Trust is a factor .
If You are an Investor from middle class certainly go for
1, Sharekhan ( Most trusted and Valuable-BNP Parbas Backend )
2. Edelweiss ( Trusted Big Financial House-NSE Listed )
3. Angel Broking ( Trusted over the Years - NSE Listed company )
If You are a Trader then no need to more research on broker -
1, FINVASIA
2. ZERODHA
3. KOTAK SECURITES ( Zero Intraday )- Reputed Bank Broker

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
avatar
39. Rajanish 1/7/2021 10:55:44 AM Reply
One of the best brokers in business. Excellent client experience.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
38. Manish 7/24/2020 9:08:59 PM Reply
Very high brokerage. Not suitable for investment purpose. Now i am going to quit and shift to other lower brokerage service provider.
Many times mobile trading apps not working.
Many times trade not executed.
Sorry but its true.
My profit goes in to feed you only.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Average
Overall Experience - Below Average
avatar
37. Rajeev Patel 4/9/2020 9:55:54 AM Reply
Its good platform for trading.

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
36. wertyuiop 1/14/2020 12:39:27 PM Reply
qwertyuio

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
35. SURENDRANATH KAIRI 6/14/2019 10:17:38 PM Reply
Please make an arrangement to inform new investors about the market status/position (such as recent Biocon split & 50% of shares became locked.New Investors are facing HUGE LOSS along with stop Trading.
avatar
34. MAHESH LAD 2/13/2019 10:53:36 PM Reply
WANT TO OPEN DEMAT ACCOUNT.
RIGHT NOW I AM AT USA