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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

261 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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115. Deepak agarwal  Nov 9, 2008 12:37:10 PM IST Reply
Sharekhan and indiabulls are good broking firms but avoid RELIGARE.RELIGARE is very poor broker with bad services.
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114. Mandar Vaidya  Nov 5, 2008 9:56:02 AM IST Reply
I opened account in sharekhan three years ago, I received all the documents with accountno and passwords codes etc. I used that account once only, then after i am not making any type of transaction. if it is possible to activate that account. if yes i will provide my all account details to you.

thanking you,
mandar
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113. Anil Shah  Oct 29, 2008 7:15:05 AM IST Reply
Dear sir,

I have an A/C. in Sharekhan, in Sharekhan there is a facility of DP to Margin. But since yesterday DP to Margin Shares are not looking in my A/C. where shares are gone?
Shares are SRF -300Nos, TCS - 3 Nos., Grasim - 4Nos. Receivable balance SMS Pharma -25 Nos., Tata Chemicals- 13 Nos. Zylog system - 50 Nos. and more

Kindly help me.
Anil Shah.
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112. naveen sy  Oct 23, 2008 8:38:09 PM IST Reply
I think demat is necessary for the trading............which keeps on buying and selling of shares. it is one of the type a/c.
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111. Sanjay Kumar Yadaw  Oct 11, 2008 7:01:03 PM IST Reply
This is very useful site but we are unable to know that how can we open a sharekhan account for online trading of shares . So please give us full explanations of procedures and enclosures.
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110. Ganesh  Sep 27, 2008 4:38:19 PM IST Reply
C'mmon! Despite seeing the efficiency of sharekhan vis-s-vis other brokers in my earlier message, Mr.Sharma feels otherwise.

I reiterate that Sharekhan is perhaps the only one which adheres to ethical business practices and is hell bent on investor wealth protection. I can say this from my personal experience which runs upto 21 years in this line and my relationship with Sharekhan runs for 4 years now.
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109. ishan sharma  Sep 27, 2008 1:05:35 PM IST Reply
i am intersted to invest money in share market .son friends please let me know which is the best agency to open an account .because after seing all the poor views of people who are engaged with sharekhan i am thinking not to join sharekhan.
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108. Ganesh  Sep 26, 2008 2:20:19 PM IST Reply
Somebody wrote that he/she was not able to place MF orders online which is wrong.One can do it very easily with Sharekhan. Another one wrote about her being cheated by the self proclaimed "Executive" of Sharekhan and collected a blank cheque.Its naive to issue a blank cheque in the firt place and Sharekhan in anyway cannot be held accountable for the actions this impersonator.
Sharekhan is only one of the very few brokers in India who have not been found fault with by the regulatory authourities.The online platform has so many safety nets which protect investors.Even online traders can have competitive brokerage rates which they can request for.The back office and other executives are really helpful and cooperative. Fund transfer is really easy with so many banks tied up with them.

Finally let me reproduce the findings of the response of the leading brokers when a call is made to open new account with them You can see for yourself which is good and act accordingly.

ICICI DirectTime of call: 4.40 pm
Number called: (Mumbai)"Good evening..."The ICICI [Get Quote] customer service executive who took my call turned out to be both helpful and aggressive. She told me I would need three accounts -- a savings account, a trading account and a demat account. Since shares are now traded electronically, they are maintained in a demat account. She also told me how much it would cost me and the documentation I would need to provide the bank. When I requested that someone be sent for the demo, she promptly took my details -- name, number, address, date of birth -- and gave me a reference number.While we were waiting for the system to generate the reference number, she told me about the bank's other banking products. How responsive?They got back to me only on Saturday at 4.42 pm. The question posed to me was: "When can we send someone to pick up the documents?" I told the person on the other side I needed a detailed demo before I could decide if I wanted to open an account.

"Do you have an account?" was the next question. She obviously did not understand what I was saying. I had to explain to her that I did not have an account; I wanted to open one and could someone please give me a demo?

"Oh, so you only want a demo?" she said, her disappointment apparent. When I told her I needed some explanation about an online trading account, she promptly said: "I'll tell you."

I figured she did not want to waste company resources and time on someone who was unsure. Since it was Saturday evening, I asked her if she would call me on Monday. She agreed.Fifteen minutes later, I get a call from another ICICI representative asking me when they could come over. "I just spoke to someone else and they said they will talk to me on Monday." "Oh, okay," this person replied.It is Tuesday morning as I write this and no one has called. India BullsTime of call: 4.50 pm
Number called: (toll free)"Give me your name and number," said the lady on the other side.When I did, I was asked where I was calling from. Bombay, I said."Someone will call you."Very to the point, I must say. No information was volunteered and no conversation was entertained. How responsive?It is a week and till date -- October 18 -- there has been no response. SharekhanTime of call: 4.55 pm
Number called: (toll free)A young person (at least he sounded young) asked me if I had ever traded before. I lied and said no. He assumed I did not know much about trading and told me why, besides a trading account, I would also need to have a demat account. He then took my name and number and promised that someone would get in touch with me. How responsive?Very. At 5.36 pm that very evening (40 minutes after my call), I get a call from a Sharekhan representative. He wanted to know when he could drop by. We agreed on Thursday. He told me what documents I would need to open an account; he also told me what amount I would have to give by cheque to open the account. I was slightly alarmed and told him I did not open an account unless I was totally satisfied with the demo and checked out what other options were available to me.He was there on Thursday, on the dot. 5 paisaTime of call: 5 pm
Number called: (Mumbai)5 paisa is India Infoline's [Get Quote] online broking site. Just like India Bulls, no information was volunteered and no conversation entertained. "Give me your name and contact number and I will send it to the marketing department," was what I was told. How responsive?On Friday, October 14, I got a call at 6 pm and we agreed to a demo on Monday.Yesterday, we did the demo. This morning, they called to ask if I wanted an account.Kotak StreetTime of call: 5.07pm
Number called: Mumbai)"Welcome to Kotak Street. Dial 1 for call and trade, 2 for customer service, 3 for mutual funds." I pressed 2. No reply.I called thrice but did not get a reply. No one picked up the phone. The fourth time I dialled 3 for funds, hoping someone would pick up. No such luck!Motilal OswalTime of call: 5.11pm
Number called: (Mumbai)The operator came online and put me on to someone who then put me on to their marketing manager who introduced himself as Ajit. Ajit, I have to admit, was very informative. He questioned me about the volumes I trade in (he wantd to know how frequently I buy and sell shares in a month). I told him I was doing it for the first time (I lied again). So he explained the different types of trading accounts and suggested the one he thought would suit me best. He told me what documents I would need and the cost. And, yes, he was the only one who said, "When can I call you to fix up a meeting? Can I call on Thursday morning to fix a time?"Remember, the next day was Dassera and so a holiday. So we agreed that he would call on Thursday.How responsive?Very responsive. Ajit kept to his word and called me at 10.47 on Thursday morning. Not only was his demo good, he was full of useful information as well.HDFC SecuritiesTime of call: 5.20 pm
Number called: (Mumbai) / � toll freeMy phone refused to connect to the toll free number while no one picked the other phone Let's rate themSharekhan and Motilal Oswal turned out to be the most prompt when it came to responding, followed by India Infoline. However, the marketing executive from Motilal Oswal was the most effective. He was the only one who asked when he could call at the very first instance and even suggested the type of account to opt for. He did not pressurise me to open an account at our very first meeting. Yesterday, he called to find out if I would like to open an account and promptly answered every single query.India Infoline also called this morning to find out if I was interested in opening an account. As on Tuesday morning, a week after making the calls, I got no response from India Bulls. The lady from ICICI Direct never called back to answer my queries. I never did get down to speaking to HDFC [Get Quote] Securities or Kotak Street, so I can't talk about their service. Ditto with IL&FS InvestSmart online or Geojit Securities, whom I did not contact.
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107. purohit pravin  Sep 23, 2008 9:40:51 PM IST Reply
hiii.... I am already have a demat a/c in hdfcsec.But very costlly service given by hdfcsec. do not open in hdfcsec...........
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106. Abid Abnes  Sep 17, 2008 2:11:30 PM IST Reply
i hv purchased Sesagoa 50 shares @ 114.85 .... hows the share ? shud i purchase more ? And also Suzlon is trading at 200/- and RPL at 148/- shud i purchase 100 shares each .... wt r ur suggestions .... help me which share shud i purchase ..... for short term ....
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105. sandip T  Sep 16, 2008 2:54:51 PM IST Reply
i ahve few shares of L&T, i read in news paper that each share is getting a bonus share. The validity is till 3rd oct.08. I have physical certificates. How should i proceed to get the bonus shares?
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104. umesh  Sep 11, 2008 5:12:04 PM IST Reply
i am not clear how to do share marketing i am very new to please .. can give me information about that
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103. amit gupta  Sep 11, 2008 3:54:15 PM IST Reply
sir
plz tell me the history of sharekhan & name of director chairman other important person name & give a site a knowledge of sharekhan
Thankyou
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102. DILIP SANKAR  Sep 4, 2008 8:56:10 AM IST Reply
I FIND THAT MY DP HOLDINGS AND DP/SR REPORT DOES NOT INCLUDE 5# BHARTI AIRTEL SCRIPS I BOUGHT ON 29.8.2008 VIDE ORDER 200808296782445/TRADE 671454 KINDLY LOOK INTO THE MATTER AND SET RIGHT THINGS
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101. manoj varma  Aug 29, 2008 4:28:19 PM IST Reply
Sharekhan is good service provider but the thing is that in that we are not getting the proper leverage for trading as compare to icicidirect if this facilitates by share khan than that would be better and the brokerage is as well high.
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100. abhishek  Aug 22, 2008 11:43:52 AM IST Reply
Very very very very very bad services sharekhan A/C

1) High brokerage charged intraday 0.07% 0r delivery 0.40%
and other charged 0.1888% every tractions.
2) Not provided daily statement only monthly

3) To many hidden charges.

4) Customer services also very bad not coperative

5) Long time Account Update.

6) Not provided direct buy mutual fund.

7) Terminal operator taken long time suffer huge loss.

8) Within a week 2 or 3 times server down

9) 100% stock tips wrong.
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99. DILIP  Aug 14, 2008 2:33:26 PM IST Reply
3rd CLASS SERVICE PROVIDER......

REASONS:

1.I AM NOT GETTING THE BILLS OR CONTRACT NOTE OF EACH AND EVERY TRADE….THEY ARE JUST PROVIDING MONTHLY STATEMENTS.

2.IF YOU ARE A COMMODITY TRADER THEN YOU WILL NOT ABLE TO VERIFY THAT AT WHAT PRICE YOU HAVE TRADED FROM NEXT DAY ONWARDS.NOR THIS FACILITIES IS AVAILABLE AT SITE OR ANYWHERE.

3.IF YOU ARE OUTSIDE AND IF YOU WANT TO TRADE IN COMMODITIES AFTER 07:00pm THEN THERE WILL NOT BE ANY PERSON AT MOST OF THE BRANCH OFFICES.I HAD EXPERIENCE AT MY BRANCH OFFICE.EVEN THE SALESMAN THROUGH WHICH I HAVE OPENED THE ACCOUNT SAID THAT THEY CLOSE THE OFFICE AFTER 07.00pm

4.IF YOU PROVIDE CHEQUE TO THE COMPANY AND IF YOU DONT HAVE BANK ACCOUNT MERGED WITH SHAREKHAN THEN AFTER DEDUCTING THE BALANCE FROM YOUR BANK ACCOUNT, CO. WILL GIVE THE BALANCE IN YOUR ACCOUNT AFTER 3-4 DAYS.AND MANY TIMES YOU HAVE TO REMIND THEM ALSO FOR GETTING YOUR OWN BALANCE

5.IF THE MANAGER IS OUTSIDE THEN THERE WILL BE NO RESPONSIBLE PERSON AT YOUR BRANCH OFFICE AND THE STAFF WHO WILL BE THERE THEY DONT HAVE ANY KNOWLEDGE.

6.EXTREMELY POOR CUSTOMER CARE SERVICE.

7.IF YOU HAVE OFFLINE TRADING ACCOUNT OR IF YOU WANT TO TRADE THROUGH TELEPHONE THEN IN MOST OF THE CASES IT WILL TAKE MORE THAN 15-20 MINUTES TO GET IN TOUCH WITH THE EXECUTIVES.BY THAT TIME MARKETS HAVE MOVED FROM YOUR ENTRY POINT.

8.IF YOUR LIMIT IS EXCEDED THEN THEY WILL NOT CALL YOU IN MANY OF THE CASES AND THEY WILL REDUCE YOUR POSITIONS WITHOUT INFORMING YOU.BECAUSE THE PROCEDURE IS THAT BOMBAY OFFICER WILL CALL AT YOUR BRANCH OFFICE THAT THEY ARE GOING TO REDUCE THE POSTION IN TEN MINUTES AND MOREOVER THE PEOPLE AT BRANCH OFFICE ARE NOT INTERESTED IN INFORMING THE CUSTOMER.

9.FOR ONLINE TRADING ACCOUNT THERE IS THEIR SOFTWARE TRADE TIGER AND IT RUNS ON SIX DIFFERENT SERVER.BUT THERE WOULD BE HARDLY ANY DAY THAT ALL OF THE SERVER WILL WONT BE DOWN AND SO YOU WILL NOT BE CONNECTED THROUGH ANY OF THE SERVER.

10.THEY DON’T PROVIDE TRADING TIPS IN EQUITES ONLINE PLATFORM.THEY PROVIDES TIPS ON MOBILE AND TROUGH EMAIL ONLY.SO MANY TIMES IT HAPPENS THAT SMS ARE REACHED LATELY AND MOST IMPORTANT THEY DONT PROVIDE ANY TIPS IN COMMODITES THROUGH MOBILE ALSO.THEY JUST PROVIDE SIMPLE PIVOT POINTS TYPE CHARTS ON THE WEBSITE AFTER 05.00pm ON THE SITE. I THINK THAT THIS TYPE OF SIMPLE REPORT ANYBODY CAN MAKE BY THEMSELVES.


CONCLUSION….FROM THE ABOVE REASONS I CAN SAY THAT THIS CO. PROVIDES WORST CLASS SERVICE I HAVE EVER SEEN.I SUGGEST YOU PEOPLE TO OPEN THE ACCOUNT WITH THE BROKERS WHO HAS ODIN AS THEIR ONLINE TRADING PLATFORM.AFTER THAT ITS ON YOU TO OPEN THE ACCOUNT OR NOT.I AM NOT GOING TO BENEFIT IF YOU DON’T OPEN THE ACCOUNT AND I AM NOT GOING TO LOSSE ANYTHING IF YOU OPEN THE ACCOUNT.

I REQUEST ALL THE VISITORS WHO HAS THEIR ACCOUNT WITH SHAREKHAN THAT THEY ALSO GIVE THEIR OPINIONS ABOUT THE POINTS I HAVE MENTIONED.
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98. Dhanesh  Aug 10, 2008 5:34:01 PM IST Reply
I am Dhanesh class 12th FMM from Jhunjhunu. plz tell me NCFM Moduals certificate of lease of how many give money plzz tell me
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97. Riya Kour  Aug 5, 2008 1:39:26 PM IST Reply
Subject:Financial Scam with Sharekhan

My name is Miss.Jyoti,the first week of July 08 i called up Sharekhan (Broker in SENSEX) and spoke to them about my will to open an account with them.Then on 11th july 08 they send their 2 sales executive Mr.Ansari and Mr.Sandip,the ask me to sign a blank cheque in favor of Sharekhan to which i refused but then their Marketing Officer Mr,Sooraj (98zxxxxxxx) spoke to me saying it's their usual process and we are facing difficulties while stamping the cheque after which I issue a blank cheque from my HDFC bank account cheque number :224830.After which those 2 sales executive issued me an acknowledgement slip 30249693 (Attached Document).After which on which the chequed issued for Rs 5049/- was with drawn on 14th July 08 (Attached Document clearly states money is withdrawn on 14th July).After which the money is gone.I called Sharekhan HO 'n' number of times but they say they didn't receive anything.Then i realised i was cheated by Sharekhan.I called the same number on which I spoke to Sooraj but this time It is Mr.Shabbir,he clearly denied any involvement and started giving threats any abusing me.He says i never spoke to you before and says Mr.Sooraj itself is a fraud and duped many by this way.But one thing i can't understand I called HO of sharekhan so how come this fraudster came to know about it ,is sharekhan staff members also has hand in gloves with this fraudters. So i ask you to make a public appeal against this fraudster.If you want I can help with all details ,provided you should reply to me on this email.Below is my all details of conversation with Sharekhan Staff.
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96. vishal maheshwari  Jul 25, 2008 5:00:45 PM IST Reply
i have purchase RPL at 220/-, PowerGrid at 150/-, Ispat at 85/- and JP Associates at 450/-
please tell us what's status at the share in future

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