Sharekhan Review 2020

Rated 4/5 by Top Share Brokers Team
Sharekhan Review

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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 2020 - 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:

  • Open Free Groww Demat and Trading Account, Limited time offer, sign up now.
  • 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

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 Free 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

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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 Phone 
Email   State 
City    NRI Form ⇒

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Sharekhan Trading Platform and Tools

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 4/5 by 179 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.

If you like what you have read and want to open an trading and demat account with Sharekhan, leave your contact information with us and we will guide you.

Last updated on 2020-11-19



Sharekhan FAQs

  1. 1. How to place AMO through Sharekhan account?

    Placing an AMO through Sharekhan Trading Account is as easy and the same as placing a regular normal order.

    • Login to Sharekhan Trading Account.
    • Add the scrip to your watchlist.
    • Place buy or sell order as per your requirements.
    • Now, enter the order quantity. Note, that you can only place a market order for AMO and can’t place a limit order in AMO.
    • Select the “AMO” option and confirm it.
    • You’ve successfully AMO order through Sharekhan, it will be visible in the order book from where you can modify or cancel it.

    Sharekhan AMO market order timings

    • Working days: 11PM – 9 AM
    • Non-working days: Anytime or 24 hours.

     

     

  2. 2. How Sharekhan Works?

    The full-service broker offers online trading & investing in equity, derivatives, commodities, currency, IPO, MF, bonds, and PMS. To start online trading with Sharekhan, the following steps should be followed:

    • Open Sharekhan Demat and Trading account online or offline.
    • Login with your Sharekhan Account on any trading platform i.e. Trade Tiger, mobile app, website, etc.
    • Start placing buy and sell trade orders across various segments through your Sharekhan account.

     

     

  3. 3. How Sharekhan brokerage is calculated?

    Sharekhan offers 3 different brokerage plans; Sharekhan classic plan, Sharekhan Post-Paid plan, Sharekhan Pre Paid Plans. Each plan has different brokerage charges across segments i.e. equity intraday, delivery, F&O, commodity, and currency. Sharekhan brokerage charges depends upon the brokerage plan you choose for trading.

    For example, if you’ve selected Sharekhan Classic Brokerage Plan and trading in equity delivery segment. Like you’ve bought 100 shares at Rs. 120 of any company then as per the classic brokerage plan, 0.50% or 10 paisa/share or Rs. 16 whichever is higher would be applicable.

    Trading value = 100 shares * Rs. 120 = Rs. 12,000

    • Equity delivery brokerage = 0.50% of Rs. 12000 = Rs. 60
    • 10 paisa per share = 0.10 * 120 = 12
    • Minimum brokerage = 16

    Here, the highest brokerage charges is Rs. 60 that is 0.50% of the trading value thus, Sharekhan will charge Rs. 60 brokerage.

     

     

  4. 4. How to set stop loss in Sharekhan?

    Placing a Stop loss order simply means limit your risks or loss by placing a sell order automatically when your stock reaches a certain price level.

    Steps to place stop-loss orders in Sharekhan

    1. Login to the Sharekhan website, mobile app, or Trade Tiger.
    2. Add your favorite stock to the watchlist.
    3. Place trade order of your choice (buy or sell)
    4. Select “Stop-loss” and enter the trigger price at which you want to place a stop loss (SL) order.
    5. Confirm the order and you’ve successfully put SL order.

     

     

  5. 5. What is Trigger price in Sharekhan?

    Trigger price is the price that a trader has specified to place a buy or sell order on an exchange. Whether you’re placing a stop-loss order or stop loss market order, it is necessary to specify the trigger price. Whenever a stock reaches that price level, then the order will be automatically placed for execution. For instance, while placing a stop-loss order, if you have specified 300 as trigger price and 290 as the limit price for a sell order, it means that when a stock reaches 300 then the SL order will get activated and will be executed at Rs. 290.

     

     

  6. 6. Who owns Sharekhan?

    In November 2016, BNP Paribas has acquired Sharekhan and became the owner of Sharekhan. BNP Paribas is a leading bank in Europe with more than 160 years of existence and global presence all over the world. It has 3 core businesses – corporate & institution banking, retail banking, and complete investment solution.

     

     

  7. 7. Is Sharekhan good for trading?

    Sharekhan is good for trading due to the following reasons:

    1. One of the best full-service brokers serving 17 Lakh+ customers.
    2. Wide range of investment products for individuals, HNI, and corporates.
    3. Free MF investment on the Sharekhan Insta MF Platform.
    4. Best platforms like the Sharekhan Mobile app and Trade Tiger.
    5. Dedicated customer service online and offline.
    6. Free access to Sharekhan research.

     

     

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Sharekhan User Reviews

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
avatar
33. Siddhesh Zope 1/29/2019 1:28:58 PM Reply
Do we provide sub- broker with small quantum
avatar
32. K Rajeswari 1/22/2019 9:34:42 AM Reply
I had a trading account in Sharekhan online trading agency. I find that Sharekhan is n0w acquired by BNP Paribas. I find that I am no longer able to login to Sharekhan site. I hold some shares in the original Sharekhan firm. What should I do ?
avatar
31. DEEPAK SINGH BISHT 1/14/2019 12:33:56 PM Reply
Very pathetic customer service & on top that their high brokerage charges which is not justified at all.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
30. Pradeep Malani 10/16/2018 1:58:25 PM Reply
Sir ,
I want to open account for commodity trading. Let me know the documents I need to submit. Also I want to know margin money percentage & what is the brokerage charges for intraday trading.
avatar
29. Deepak Singh Bisht 10/10/2018 4:53:10 PM Reply
Very poor trading sites in comparison of its competitor as most of the new investor who start trading lost a big chunk of their hard earned money just because of no proper knowledge & heavy brokerage charges of sharekhan which is not justified at all.
Also their support service is very poor.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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