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Sharekhan Stock Trading, Demat, Brokerage and Reviews


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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 & f... Know more about Sharekhan

Sharekhan Stock Broker Review Ratings

251 votes  Rate Sharekhan

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.4 stars Rated 3.1 stars Rated 2.9 stars Rated 3.8 stars Rated 3.4 stars
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367. Nikhil Kashyap  Aug 2, 2011 11:33:36 PM IST Reply
AVOID SHAREKHAN!!!!!
They have lot of HIDDEN CHARGES. They levy lot of charges and you won't be able to earn anything. I myself have suffered quite a substantial capital loss. They charge even more than what u earn. They levy lot of taxes like STT(service trade tax), TRANSACTION CHARGES, BROKERAGE, EDUCATION CESS, HIGHER EDUCATION CESS, STAMP DUTY and more importantly you are charged Rs.16/- for every delivery transaction if your total buy amount is less than Rs.3200/-

Finally, They will SHAVE YOUR HEAD nicely!!!

Go for either GEOJIT or even KARVY for that matter. They are old and also tried and tested.

I have lost around Rs.10,000. That is why i am completely BEARISH on SHAREKHAN!!!! PLS AVOID! OR SUFFER!!!!!!!!!!!!
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366. Priya Jain  Jul 16, 2011 6:47:57 PM IST Reply
Dear Sir/Madam,

Thank you for your interest in associating with us.

We would like to inform you that for opening an Online Trading Account with us, you may either register on the site from the following link http://www.sharekhan.com/Campaign/campaignlanding/default.aspx after which we shall send the account opening kit to you. Else you may revert to us with your complete contact details along with landmarks and telephone numbers and we shall have one of our sales representative from the nearest branch or franchisee contact you.

All you have to do is fill up the kit and send it back to us with a proof of residence, proof of identity and a sum of Rs 750/- or Rs.1000/- which are charged as account opening fees for Classic and Trade Tiger Accounts respectively. This amount is to be paid via cheque in favour of Sharekhan Ltd. After we receive all these details from you, your account will be activated within seven working days after which you will have to make an initial deposit of some amount to start with trading. You will be able to trade upto four times of your available balance in your trading account.

When you open an online trading account with Sharekhan, a complimentary demat account is opened for you which is free of cost for the first year. However, from second year onwards you will have to pay demat account annual maintenance charges which amounts to Rs.400/- per annum. These charges are subject to change & changes if any shall be intimated to all clients. There are no DP charges for shares purchased and sold by you via your Sharekhan account. However, there would be other charges applicable to your account which are Demat charges, Charges for transfer of shares from one demat account to another, Service Tax, Custody charges etc.

Further, Sharekhan has got a tie-up with 12 banks for online transfer of funds. These banks are HDFC, Citibank, IDBI Bank, Axis Bank, OBC, UBI, INDUSIND Bank, Yes bank, ICICI bank, Bank of India, DEUTSCHE Bank and Federal Bank. This means that if you are having a bank account with any of these banks, you can link it with your Sharekhan trading account which will enable you to place an online request for transfer and withdrawal of funds.

The Brokerage Charges are calculated as under :-

For 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% or 10 paise per share or Rs. 16/- per scrip whichever is higher.

Minimum brokerage of 10 paise per share is applicable when the share price is Rs. 20/- or less and Delivery Handling charges of Rs. 16/- per scrip will be applicable when the traded price is Rs 3,200/-

NOTE: Delivery Handling charges of Rs. 16/- will be applicable only on SELL Delivery Transactions.

For F&O trades :-

0.1% on the first leg

0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.

Please note : Brokerage on Options trades will now be charged on the Premium component instead of the Strike Price which was levied earlier. Brokerage will be charged as Rs. 100/- per contract or 2.5% on the premium (which ever is higher) as per the SEBI circular guidelines.

Please note we also offer different brokerage slabs to customers which offer reduced brokerage rates if you opt for our Prepaid Brokerage schemes depending on the volumes of trades done by you.

The Transaction Charges are :-

NATURE OF TRANSACTION - RATE OF STT (Charged on Traded Value)

Delivery based transaction in equity - Buyer and seller each to pay 0.125%

Non-delivery based transaction in equity - Seller to pay 0.025%

Derivatives ( Futures ) - Seller to pay 0.017%

Derivatives ( Options ) - 0.017% only on sell side if Squared off. (on premium)
0.125% to be paid by purchaser if Exercised. (on settlement value)

Stamp Duty 0.010% for delivery based trades and 0.002% for intra-day trades.

Stamp Duty - Derivatives (F&O) : 0.002% for Futures on actual price and 0.002% for options on premium.

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).


Kindly feel free to revert in case of any further clarifications.

Assuring you of our best services at all times and looking forward to a long and pleasant association.

Regards,
Team Sharekhan
www.sharekhan.com
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365. shyam  Dec 17, 2010 10:53:33 PM IST Reply
I am with Sharekhan for the last one year. It is OK. However, I have share that their online platform is slow during market heat, say whenever there is sudden surge in the index (up/down) it hangs on and logs off. Their website based trade portal is not fine with IE 8. Their realtime Portfolio tracker depicts wrong picture for the shares bought via IPO/Rights. Dividend earned are not taken into consideration under "realized gains". Viewing of Reports is not at 'one click of mouse'. You have to first select 'Trade Now' from the main menu and then "Reports". These are pretty minor issues, despite pointing out to the Helpline executives not updated by Sharekhan. There may be shortcuts to the Certain debacles mentioned above. Otherwise their Helpline service is very good. Thank you.
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364. aniket bhambure  Dec 16, 2010 1:49:50 PM IST Reply
i am your account holder.I First time to the trade online but our session is closed.Now what i do for acess the account please helps.
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363. Madhusudan.N  Dec 9, 2010 8:17:31 PM IST Reply
I had opened the sharekhan account in 2009. I never used this account till date. But i want to active this account for future trading. Can you help me
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362. karan bardoliya  Nov 30, 2010 11:19:53 PM IST Reply
i have a very good experience with
Sharekhan since last five years...
it's not only about user friendly software but also services...
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361. Amit Kumar Sahoo  Nov 24, 2010 6:34:44 PM IST Reply
I AM A NEW COMMER .
I WANT TO INVEST IN THE SHARE MARKET ONLINE..
PLEASE SHOW ME THE ROUTE FOR ENTERING IN THE SHAREMARKET ONLINE AND LITTLE SUPPORT FROM YOU.


THANKS
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360. mspatel mehsana  Nov 14, 2010 2:26:56 PM IST Reply
i have an online account with sharekhan from last five years. i am fully satisfied with my broker and r.m. very good software using by sharekhan. time to time software updated by software. sharekhan is one of the indias top broker. mspatel-mehsana.
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359. Narendra Upadhyay  Nov 13, 2010 3:43:28 PM IST Reply
TRADING WITH SHAREKHAN SINCE LAST 2 YEARS. VERY GOOD PLATFORM I HAVE FOUND. LATEST SOFTWARE WITH ONLINE CHART INCLUDING IMPORTANT INDICATORS WHICH ARE VERY HELPFUL FOR THE PEOPLE WHO WORKS TECHNICALLY IN THE MARKET. THE STAFF AND OTHER TEAM ARE VERY CO.OPERATIVE. I AM FULLY SATISFIED WITH RM ALLOTED FOR MY ACCOUNT. I AM VERY VERY THANKFUL TO RM BCZ I WAS NEW IN THIS FIELD AND IT WAS NOT POSSIBLE FOR ME TO GET SET IN THE MARKET WITH OUT HELP OF SOMEONE WHICH I GET FROM MY RM.RECENTLY "FORTUNE FINDER" INTRODUCED FOR THE TRADERS WITH MINIMUM CHARGES ARE VERY HELPFUL TO TRADERS.
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358. RAJEEV FERNANDO  Nov 12, 2010 11:50:18 PM IST Reply
Trading in Share Khan for the past 6 years. Completely satisfied with the trading terminal. Not facing any issues until now. Brokerage are very cheap if you compare with others (You need to bargain to get cheap brokerage). Website is very good & easy to use.
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357. chandan bhowmick  Nov 5, 2010 10:36:20 PM IST Reply
I am trading with SHAREKHAN.They have the best trading software SPEEDTRADE where you can trade in BSE/NSE/DERIVATIVE/commodity market that too in same screen .You will have continous display of balance of your account plus trading profit/loss on real time basis .here you do not have to pay any demat charge for purchase /sell except yearly maintanance charge.You can pledge your share to have magin for trading in case you do not have sufficient money at that moment that too at your commend.
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356. Kunal Singh  Nov 3, 2010 1:54:04 PM IST Reply
I am holding D-Mat account with Sharekhan in Banshankari-3rd stage Bangalore. Recently i have moved to Ahmedabad (Vejalpur). Please let me know the procedure of moving my account from Bangalore to Ahmedabad. Also would request you to provide me the nearest sharekhan branch from Vejalpur in Ahmedabad.

Best Regards,
Kunal Singh
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355. jitendra singh  Oct 29, 2010 11:00:13 PM IST Reply
i m allready coustmer of share khan ,but i have d'nt knowleg about it ,i m always lose in market.
So give me some tips about share market.
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354. PRASAD PG  Oct 28, 2010 2:28:26 PM IST Reply
I want to know the Trading Account opening fee and Transaction fee how to charge and compare to others like ICICIDIRCT

please provide details immediately
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353. vandana hablani  Oct 23, 2010 7:47:41 PM IST Reply
Actually i heard a lot about sharekhan trading from my friends. i m fresher in this feild . i also want to open acc in sharekhan. so that i can do trading easily.
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352. saurabh snehal shah  Oct 23, 2010 6:58:41 PM IST Reply
i want to know that i have sold one application in grey market at rs.5000/00 i will get net 5000/00
or brokerage and retails discount will bear by me

pl.guide
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351. Prem  Oct 4, 2010 9:12:04 AM IST Reply
Hi All, I am using Sharekhan online trading account for last 6 years and didnot get any problem at all.
However I am sending all your complaints to Sharekhan's official email.
Firt LEARN then EARN
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350. monu gupta  Oct 3, 2010 12:15:29 AM IST Reply
dear sir/mam
main online share trading karna chahta hoon kripya aap mujhe bataye ke main kya karu
main srinagar (jammu&kashmir)mein rahata hoon
my no is 09419021177
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349. srinivas  Oct 2, 2010 8:24:52 PM IST Reply
we see so many giving negative feed back on share khan services,hidden charges..etc which keeps us on hold to decide whether or not to trust share khan.Is there any official at share khan bothered to clarrify these things to public??? Haven't seen any of positives so far.
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348. MK  Oct 2, 2010 10:25:38 AM IST Reply
I have invested 5 Lacs in sharekhan PMS group. They assured me that stable returns of 30% and above. When I invested, sensex was at 14K and today it is above 20K. Even now my account is showing loss of 25,000/-. Thsi means I smell something fishy about this group. Is money being siphoned somewhere else????

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