Sharekhan Stock Trading, Demat, Brokerage and Reviews 2016


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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 & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has international presence in the UAE and Oman.

Sharekhan offers its services to all kinds of customers including individual investors and traders, corporate, institutional and NRI's. As of Dec 2014, Sharekhan has over 13 lakh customers. Sharekhan offers trade execution facilities for equity cash and derivatives segments on BSE and NSE, commodities trading facilities on MCX and NCDEX. Sharekhan also offer depository services (demat account) and option to invest in mutual funds and IPOs.

Sharekhan.com is the finest investment portal for India stock market. The well designed website provides wide range on investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much more.

Sharekhan also offers 'Sharekhan TradeTiger', one of the most popular trading terminals, for retail investors. The Trade Tiger is quite similar to Broker Terminal and allows frequent traders to place and execute their orders at a high speed. It also provides live data and other tools on the same screen to help the users with their trades.

Sharekhan's 'ShareMobile' platform offers trading facility though mobile application. Mobile apps are available for popular iPhone, iPad, Blackberry, Android and other phones.

Services offered by Sharekhan include trading in equity, F&O and Commodity and investment in IPO's, Mutual Funds, Insurance, Bonds and NCD's. Company also provide Sharekhan Demat Account and registered as a depository participant with NSD and CDS.

Sharekhan offers verity of accounts to suite customer requirement. These accounts include Sharekhan First Step Account, Sharekhan Classic Account, Sharekhan Trade Tiger Account and Portfolio Mgmt Services (PMS) though Sharekhan Platinum Circle Account.

Sharekhan has its own research teams which regularly publishes investment advice, stock tips, quarterly company result analysis and news alerts to its customer though email, SMS and on Sharekhan.com. Sharekhan has an excellent knowledge center on its website to help stock and commodity market investors of all kind. It also offers free online and classroom seminars / workshops to investors. Each Sharekhan Accounts comes with online and in-person help from Sharekhan representative.

Special Offer: Get Free Trading + Demat Account (Rs 1150 waived on account opening) for limited time. Get the offer.

Sharekhan Rating (by the customers)

210 Votes

Overall Rating Rated 3.5 stars 3.5/5
Fees Rated 3.1 stars 3.1/5
Brokerage Rated 3.0 stars 3.0/5
Usability Rated 3.8 stars 3.8/5
Customer Service Rated 3.5 stars 3.5/5

Do you trade with Sharekhan? Rate Sharekhan

Account Types

1. Classic account

Allow investor to buy and sell stocks online along with the following features like multiple watch lists, Integrated Banking, demat and digital contracts, Real-time portfolio tracking with price alerts and Instant credit & transfer.

  1. Online trading account for investing in Equities and Derivatives
  2. Free trading through Phone (Dial-n-Trade)
    1. Two dedicated numbers for placing your orders with your cellphone or landline.
    2. Automtic funds tranfer with phone banking (for Citibank and HDFC bank customers)
    3. Simple and Secure Interactive Voice Response based system for authentication
    4. get the trusted, professional advice of our telebrokers
    5. After hours order placement facility between 8.00 am and 9.30 am
  3. Integration of: Online trading + Bank + Demat account
  4. Instant cash transfer facility against purchase & sale of shares
  5. IPO investments
  6. Instant order and trade confirmations by e-mail
  7. Single screen interface for cash and derivatives

2. TradeTiger account

This is a net based executable application for active traders who trade frequently during the day's trading session. Following are few popular features of Trade Tiger account.

  1. A single platform for multiple exchange BSE & NSE (Cash & F&O), MCX, NCDEX
  2. Multiple Market Watch available on Single Screen
  3. Hot keys similar to a traditional broker terminal
  4. Tie-up with 12 banks for online transfer of funds
  5. Different tools available to gauge market such as Tick Query, Ticker, Market Summary, Action Watch, Option Premium Calculator, Span Calculator
  6. Graph Studies are available including Average, Band- Bollinger, Know SureThing, MACD, RSI, etc

Special offer for our website visitors

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (Rs 1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

Sharekhan Brokerage Charges 2016

Account Opening Fees & Annual maintenance charges (AMC)

  • Trading Account Opening Charges (One Time): Rs 750 (Classic Account), Rs 1000 (Trade Tiger Account)- charges fully adjusted against first 6 months brokerage.
  • Trading Annual maintenance charges (AMC): Nil
  • Demat Account Opening Charges (One Time): Included in trading account opening charges
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 (Free for 1st year with trading account.)

Sharekhan Trading Brokerages Charges:

  • Intra-day Trades: 0.1% on the buy side and 0.1% on the sell side.
  • Delivery Based Trades: 0.5% or 10 paise per share or Rs 16/- per scrip whichever is higher.
  • F&O Trades: 0.1% on the first leg and 0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.
  • Options Trades: Rs 100/- per contract or 2.5% on the premium (whichever is higher).
  • Currency Future: 0.1%.
  • Currency Options: Rs 30/- per lot or 2.5% on premium (whichever is higher).
  • Commodity: 0.1%.

Sharekhan Minimum Brokerage Fee:

  1. For Intra-day Trades: Sharekhan charges minimum brokerage of 5 paise per share. This means that while doing intraday trading if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged.

  2. For Delivery Based Trades: Sharekhan charges minimum brokerage fee of 10 paise per share. This means; for delivery based trades minmum brokerage of 10 paise per share is charged when the share price is Rs 20/- or less.

  3. Minimum DP charges: DP charges of Rs 16/- per scrip is charged when the total traded value is Rs 3200/- or less in case of sell transaction.

Sharekhan Post Paid Plans

Sharekhan offers following post paid plans. To get the offer customer has to deposit the margin money with Sharekhan based the plan they choose. The brokerage reduces as the margin money is high.

Margin Scheme Cash Leg 1 Cash Leg 2 Delivery Future Leg 1 Future Leg 2 same day Future next day Option
25 K 0.1 0.1 0.5 0.1 0.02 0.1 Higher of 2.5% of premium or Rs 100
30 K 0.1 0 0.5 0.1 0 0.1 Higher of 2.5% of premium or Rs 100
40 K 0.09 0 0.45 0.09 0 0.09 Higher of 2.25% of premium or Rs 95
50 K 0.07 0 0.4 0.07 0 0.07 Higher of 1.5% of premium or Rs 80
1 Lakh 0.05 0 0.25 0.05 0 0.05 Higher of 1% of premium or Rs 70
3 Lakh 0.04 0 0.2 0.04 0 0.04 Higher of 1% of premium or Rs 50
5lakhs 0.03 0 0.18 0.03 0 0.03 Higher of 0.75% of premium or Rs 40
10 Lakhs 0.02 0 0.15 0.02 0 0.02 Higher of 0.60% of premium or Rs 30
20 Lakhs 0.015 0 0.1 0.015 0 0.015 Higher of 0.55% of premium or Rs 25

Sharekhan Pre Paid Plans

Sharekhan offers following pre paid plans. The plans are available for 6 month and 1 year as shown below:

Amount (Rs) Period Cash Leg 1 Cash Leg 2 Delivery Future Leg 1 Future Leg 2 same day Future next day Option Intraday transaction Delivery transaction
Default   0.1 0.1 0.5 0.1 0.02 0.1 Higher of 2.5% of premium or Rs 100    
750 6 months 0.1 0 0.5 0.1 0 0.1 Higher of 2.5% of premium or Rs 100 7,50,000 1,50,000
1000 6 months 0.09 0 0.45 0.09 0 0.09 Higher of 2.25% of premium or Rs 95 11,11,111 2,22,222
2000 Annual 0.07 0 0.4 0.07 0 0.07 Higher of 1.5% of premium or Rs 80 28,57,143 5,00,000
6000 Annual 0.05 0 0.25 0.05 0 0.05 Higher of 1% of premium or Rs 70 1,20,00,000 24,00,000
18000 Annual 0.04 0 0.2 0.04 0 0.04 Higher of 1% of premium or Rs 50 4,50,00,000 90,00,000
30000 Annual 0.03 0 0.18 0.03 0 0.03 Higher of 0.75% of premium or Rs 40 10,00,00,000 1,66,66,667
60000 Annual 0.02 0 0.15 0.02 0 0.02 Higher of 0.50% of premium or Rs 30 30,00,00,000 4,00,00,000
100000 Annual 0.015 0 0.1 0.015 0 0.015 Higher of 0.55% of premium or Rs 25 66,66,66,667 10,00,00,000
200000 Annual 0.005 0.005 0.08 0.005 0.005 0.005 Flat Rs 10 2,00,00,00,000 25,00,00,000

How to open account with Sharekhan?

For online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:

  • Drop your phone number and Sharekhan Customer Service Executive will call you back for trading & demat account.

Contact Sharekhan / Request Call Back

Name:Phone
EmailCity
State
Are you a day trader?

Sharekhan Pros and Cons

Sharekhan Advantages

  1. Sharekhan offers different trading platform to suite customer requirement. This includes online browser based trading, Installable terminal, mobile, call n trade and in-person trade though branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas are available with them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from bank account and Funds Pay-out to bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the dp account is free.
  6. Sharekhan has India-wide network of branches. You can find surly find a Sharekhan in your neighborhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposit as collateral for future and option trading.

Sharekhan Disadvantages

  1. Sharekhan doesn't offer 3-in-1 account as they don't provide banking services.
  2. They brokerage charges are % based which are higher in comparison to flat fee brokers.
  3. They charge minimum brokerage of 10 paisa per stock would not let you trade stocks below 20 rs. (If you trade, you will loose majority of your money in brokerage).
  4. Facility to place orders after trading hours is not available.
  5. Classic account holders cannot trade commodities.

Sharekhan Complaints received at BSE / NSE:

Number of customer complained against Sharekhan share broker. The Sharekhan consumer complaints provide the summary of grievance which went to exchange for resolution.

Sharekhan consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
BSE 2015-16 131,690 29
NSE 2015-16 335,843 159
BSE 2014-15 82,092 34
NSE 2014-15 342,592 141
BSE 2013-14 1,182,390 43
NSE 2013-14 274,777 142
BSE 2012-13 1,129,261 42
NSE 2012-13 1,125,128 126
BSE 2011-12 1,044,117 86
NSE 2011-12 1,033,963 173

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Useful links about Sharekhan

Enquiry Form


Sharekhan Reviews

avatar
475. Nikhil  Sep 10, 2016 4:37:47 PM IST Reply
Poor broker very high brokerage

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
474. sandeep  Aug 19, 2016 2:56:19 PM IST Reply
is good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
473. Srinivasan  Aug 9, 2016 7:47:55 PM IST Reply
Pathetic service, poor customer facing.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
472. Parshuram Ramappa  Jul 31, 2016 5:29:50 PM IST Reply
I am using last 5 Years Sharekhan trading account and finding it is very best for using.

Ratings:

Brokerage - Good
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
471. dipak  Jul 30, 2016 10:05:12 AM IST Reply
I am using Sharekhan trading account and finding it suitable to my requirements

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
470. Mahesh  Jun 20, 2016 10:56:58 PM IST Reply
Worst brokerage .. charges will change day by day money also ,it doesnt show correct amount
avatar
469. madhu  Jun 5, 2016 10:04:22 AM IST Reply
Sharekhan is a big company but the people working there don't know the brokerage charges on option index trading.

One person says 100 per lot, another person says 250 per lot, one another person says 2.5 percent per lot, another person says no delivery intraday and one more another person say if u hold option index for more than one day it is deliver. They seems very confused.
avatar
468. Shiva  May 25, 2016 10:25:50 AM IST Reply
I dont want to use anymore sharekha a/c
bcoz brokrage charges very high and they are not reducing it even my turn over is more. They are not value their customers.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
467. Manish Jagdishchandra Desai  May 13, 2016 11:58:40 AM IST Reply
sharekhan is the costliest broker in industry dont open account even they dont bother to inform when brokarage is changed...customer care is so irresonsible hardly any updation abt market individullay hopless

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average
avatar
466. vimlesh  May 8, 2016 1:35:32 PM IST Reply
I dont want to use anymore sharekha a/c
bcoz brokrage charges very high and
i dont want to reffer such type brokar


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Average
Overall Experience - Below Average
avatar
465. PURVESH  Apr 18, 2016 5:26:16 PM IST Reply
Trade Tiger Software Is VEry Friendly For Use...

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
464. M.S.NAGARKAR  Apr 11, 2016 8:10:25 PM IST Reply
I have paid Rs 2000 for concessional Brokerage in Pre paid plan But still you are deducting
Brokerage at reduce rate. I would like to know wether you will return Rs 2000 when transaction of Rs. app 28 lack in day trading or 5 lack delivery or combination.is complete?
#W470120-M.S.NAGARKAR
avatar
463. rohini chitnis  Mar 23, 2016 7:28:08 AM IST Reply
trading portal you really fall love with it.....even an inexperienced person would not hesitate to do the trade..absence of trading platform even one day due to some or other reasons gives the feeling that we have lost something

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
462. vasant  Mar 14, 2016 3:45:22 PM IST Reply
I like sharekhan''''s online trading platform and its software called Trade Tiger.
No other brokerage houses provide such software.
Full and complete technical analysis possible on this.


Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
462.1. Trader  Jun 30, 2016 11:37:50 PM IST
Hi,

Are you commenting as Jyotiraja also?

You seem to be a fake commentor appointed by the broker. The exact same comment is posted on this thread by the name of Jyotiraja also.
avatar
461. gc gupta  Mar 13, 2016 4:26:09 PM IST Reply
After hour order facility is not available.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
460. shankar utekar  Mar 10, 2016 2:48:44 PM IST Reply
Very good

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average
avatar
459. PNREDDY  Mar 9, 2016 8:41:24 PM IST Reply
PLEASE GIVE ME TIE UP BANKS INFORMATION.
avatar
458. Radhe Krishna Menan  Feb 29, 2016 1:00:44 PM IST Reply
Your brokerage charge is too much.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Excellent
Overall Experience - Above Average
avatar
457. Debasish  Feb 15, 2016 5:05:53 PM IST Reply
#sharekhan is cheating company... I have all the idea.. I have done trading with other company .. Never faced this problem..all exposer stuff are their internal process to earn money n make customer fool.. I will share the knowledge with everyone so that it will decrease

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
456. tushar potdar  Feb 8, 2016 11:47:58 PM IST Reply
They charge no AMC as far as my experience is. And customer service is good from the head office of sharkhan and it''s depends upon sub-broker person to person changes. Let me share my experience I have meet to two of franchises of sharekhan near by my city but one say that there will be Rs. 750/- as Account opening charges. but when I meet to 2nd franchises person and tell him that I am willing to open a trading account but free of charge he did agree for same without any if and but. Although I meet both franchises in same month, nearly in same week, so there is no mater of any new offer start by the Broker. Both franchises give me different answer / treatment. 1st one has asked me to that I must deposit around 10K minimum to invest for treading in cash segment while 2nd sub-broker didn''t on the other-hand he tell me to "start with 5K and Buy any script when you get confidence about it and we will provide guidance if you ask to".He also reduced the brokerage when asked to and kept it as general 0.50 on delivery while some other are charging same only if I start trading with 10,000 or 12,000.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
456.1. sumit ravish  Apr 13, 2016 7:47:36 PM IST
Hii i Wnna to know about about delivry share cn u assist me

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