Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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-4.21% 665,129 Clients
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Sharekhan is among the best stock brokers in the country and is a financial services company that operates predominantly on a large scale. The company operates nationwide through its extensive franchise channels and online trading platforms. Sharekhan was acquired by BNP Paribas Group and has since been called Sharekhan by BNP Paribas Group.
Sharekhan is a broker registered with BSE, NSE, MSEI and MCX. The company offers a wide range of products and services. These include investments and trading in stocks, commodities, bonds, mutual funds, IPOs and many others. In addition, Sharekhan also provides support services such as research, investor education, portfolio management, etc.
Sharekhan has been in the financial market for over 23 years. During its earlier stint as a stockbroker, the company earned a good reputation and great customer trust. Sharekhan has over 28 lakh clients.
Sharekhan provides a FREE account opening service to its clients. Also, there are no DP annual maintenance fees for the first year of services. The company's brokerage fees are also competitive with other full-service stockbrokers.
Sharekhan offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with Sharekhan. Sharekhan fee structure and trading commission rates are explained as below.
To open Sharekhan account you have to pay account opening charges and annual maintenance charges (AMC).
| Transaction | Fee |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 0 (Free) |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 400 (Free for 1st year) |
Customer pays a commission (brokerage) when buying or selling stocks through Sharekhan. The brokerage charges for equity, commodities and currency derivative trading for Sharekhan are explained as below.
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | |
| Equity Delivery | 0.30% on market rate or minimum 1 paisa per share |
| Equity Intraday | 0.02% on market rate or minimum 1 paisa per share |
| Equity Futures | 0.02% per transaction value |
| Equity Options | Rs 20 per lot |
| Currency Futures | 0.02% per transaction value |
| Currency Options | Rs 5 per lot |
| Commodity Futures | 0.02% |
| Commodity Options | Rs 20 per lot |
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | Rs 1,00,000 per year |
| Equity Delivery | 0.10% |
| Equity Intraday | 0.015% |
| Equity Futures | 0.015% |
| Equity Options | 0.05% or Rs 63 per lot |
| Currency Futures | |
| Currency Options | |
| Commodity Futures | |
| Commodity Options |
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | Rs 1,00,000 margin |
| Equity Delivery | 0.25% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | 1% or Rs 70 per lot |
| Currency Futures | |
| Currency Options | |
| Commodity Futures | |
| Commodity Options |
The Demat account transactions are charged separately from the trading commission. Find Sharekhan Demat account charges 2024.
Sharekhan Demat Charges
Sharekhan trading and demat account opening fees are Rs 0 (Free). Sharekhan charges Rs 400 (Free for 1st year) per year demat account AMC. Sharekhan demat debit transaction fee of
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 0 (Free) |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) |
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| 4 | Annual Maintenance Charges (AMC) | Scheme A: Rs 400, Scheme A, C, E & H: Free for the 1st Year. |
| 5 | Demat + Courier charges | Rs 5 per share certificate (minimum ₹ 50 per request) |
| 6 | Remat | Rs 50 per certificate or Rs 50 for every hundred securities |
| 7 | Pledge Creation | 0.03 % of the value of the Transaction (Min Rs 100 per transaction) |
| 8 | Pledge Creation Confirmation | Nil |
| 9 | Pledge Invocation | Nil |
| 10 | Failed Transactions | Nil |
| 11 | Other Charges |
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A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday | NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 200 per Cr (0.002%) | BSE Rs 0 |
| Equity Options | NSE Rs 5050 per Cr (0.0505%) (on premium) |
| Currency Futures | NSE Rs 95 per Cr (0.00095%) |
| Currency Options | NSE Rs 3700 per Cr (0.037%) (on premium) |
| Commodity | Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05% |
Sharekhan charges government taxes and fees in addition to the brokerage. These Sharekhan trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the Sharekhan tax calculation.
| Tax Sharekhan | Rates |
|---|---|
| |
Exchange Transaction Charges | |
GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
SEBI Charges | 0.0001% (₹10/Crore) of the turnover (except for Agri futures where it is Rs 1 per crore) |
Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
No, Sharekhan doesn't charge any additional fees (brokerage, entry load or commission) for purchasing mutual funds from customers. They get the commission from Mutual Fund AMC's for selling the Mutual Funds.
Note that all the charges applicable to a particular scheme, specified by the AMC, are deducted from the NAV while purchasing the mutual funds.
Sharekhan mutual fund SIP charges are also the same as its normal mutual fund charges.
Investors can access technical tools, MF calculators, MF research report, latest calls, fund selector, and get fund suggestions without paying any charges.
Note that unlike discount stock brokers, Sharekhan doesn't offer direct mutual funds.
Sharekhan offers a wide range of brokerage plans designed to cater to a different type of investors i.e. beginners, active traders. Sharekhan brokerage charges depend on the brokerage plan chosen and segment traded. Sharekhan offers 2 brokerage plans; Classic and Prepaid Plan.
Sharekhan Brokerage Plans
Sharekhan charges 0.50% for equity delivery and o.10% for equity intraday in its classic standard brokerage plan. This plan is for beginners and casual investors. The Post-paid plan also comes with the Margin Scheme where the brokerage reduces as you increase the margin money in your account.
Sharekhan Prepaid plans are available from Rs 750 to Rs 2 lakh yearly subscription fees with a validity of 6 months to 1 year. The brokerage reduces as the amount of subscription fee increases. For Rs 750 the brokerage is 0.50% for equity delivery and o.10% for equity intraday. For Rs 2 Lakh plan the brokerage is 0.08% for equity delivery and o.01% for equity intraday.
Visit Sharekhan Review page for a detailed brokerage structure.
Sharekhan follows a percentage based brokerage model wherein the brokerage charged is a percentage of the trading value. The percentage is specified in the brokerage plans. Each plan and trading segment also has minimum brokerage criteria.
The brokerage fee is always higher than the minimum brokerage criteria or actual brokerage. The brokerage is also charged per leg of the trade. A buy order is one leg and a sell order is another leg. You have to pay brokerage fees on each leg separately.
Say you buy 100 shares of a company at Rs 300 per share. Your brokerage plan is a Classic account wherein 0.50% will be levied on equity delivery trades.
Brokerage Fees = (100x300)x0.50% = Rs 150
So, you have to pay a brokerage of Rs 150 while buying the stock. You will also have to pay Rs 150 brokerage again when you sell the stocks. In addition to the brokerage fee, you also have to pay government taxes, exchange charges, demat charges, SEBI charges etc.
No, Sharekhan is not free. The company charges brokerage and other fees for its services. Sharekhan is among the most expensive stock broker in India when compared with Discount Stock Brokers like Zerodha and Upstox. But unlike a discount broker, it provides in-person services through RM, neighborhood support, research and trading tips and hand-holding to beginners with excellent training programs.
Sharekhan Charges List
Visit Sharekhan Review page for a detailed brokerage structure.
If you want to check Sharekhan's brokerage structure, follow the given steps:
If you want to calculate your estimated brokerage fee for a trade, you can use the Sharekhan calculator to calculate it.
Sharekhan has different brokerage fees for different segments. For example:
Equity Delivery is charged at a percentage of 0.50%, Equity Intraday is charged at 0.10%. For equity futures, clients pay 0.10% of the trade value and for equity options, the brokerage fee is Rs. 50 per lot.
For currency futures and currency options, a fee of 0.10% and Rs. 30 per lot, respectively, is charged.
Brokerage fees for commodity futures and commodity options are 0.03%.
Sharekhan has developed several types of accounts. Clients can choose the account according to their requirements and level in the trading market. These accounts include:
The different accounts have different facilities and provide access to different services. In this way, clients can choose the account that suits their needs without having to subscribe to services they do not need.
Brokerage fees charged by a stockbroker in India generally include a range of fees such as GST, SEBI fees, etc. These fees are in addition to the basic brokerage fees.
In the case of Sharekhan, the fees for delivery of shares are 0.50%, while the fees for intraday trading are 0.10%. Fees for other segments such as commodities and currencies also vary. More details about brokerage and other fees can be found on the Sharekhan brokerage page.
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Related articles
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Information on this page was last updated on Friday, February 16, 2024
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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