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.
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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.
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.
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.
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.
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 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 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|
For online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:
Number of customer complaints lodged against share broker Sharekhan:
|Exchange||Financial Year||Number of Clients *||Total Complaints **|
* 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.
Broker complaints in India - Year wise complaints received by exchange
|Sharekhan Vs ICICIDirect||Sharekhan Vs Indiabulls Securities||Sharekhan Vs India Infoline (IIFL)|
|Sharekhan Vs Motilal Oswal||Sharekhan Vs HDFC Securities||Sharekhan Vs Reliance Securities|
|Sharekhan Vs IDBI Paisabuilder||Sharekhan Vs Religare||Sharekhan Vs Geojit|
|Sharekhan Vs Networth Direct||Sharekhan Vs Kotak Securities||Sharekhan Vs Standard Chartered|
|Sharekhan Vs Angel Broking||Sharekhan Vs HSBC Invest Direct||Sharekhan Vs Comfort Securities|
|Sharekhan Vs Just Trade||Sharekhan Vs Zerodha||Sharekhan Vs SBI Securities|
|Sharekhan Vs Ventura||Sharekhan Vs RK Global||Sharekhan Vs Compositedge|
|Sharekhan Vs RKSV||Sharekhan Vs Trade Smart Online||Sharekhan Vs SAS Online|
|Sharekhan Vs MyValueTrade||Sharekhan Vs SMC Global||Sharekhan Vs Tradejini|
|Sharekhan Vs Wisdom Capital||Sharekhan Vs Achiievers Equities||Sharekhan Vs Anand Rathi|
|Sharekhan Vs Procon Capital||Sharekhan Vs Upstox|