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Sharekhan - Safe, Reliable & Trustworthy Broker

-6.35% 650,277 Clients

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Sharekhan is a safe and reliable broker with a strong parent company, a long track record, and regulated by top authorities. It is one of the oldest stock brokers in India and a subsidiary of BNP Paribas, which is a French international bank and the 8th largest bank in the world by total assets.

Established in 2000, it has a strong track record and has survived all the financial crises in the previous years. Sharekhan is regulated by the Securities and Exchange Board of India (SEBI) and doesn't have negative balance protection means customers cannot lose more money than deposited in the account.

Sharekhan is a registered broker with BSE, NSE, and MCX. It is a depository participant (DP) with both CDSL and NSDL. Investors can utilize Demat account opening and services with any of the depositories with Sharekhan.

As of March 2020, no major complaints have been reported against Sharekhan by regulators which means it is following all the regulations prescribed by authorities.

About Sharekhan

Sharekhan is one of the leading full-service brokers in India with a wide range of financial products and services. It allows investment across equity, derivatives, commodities, bonds, insurance, mutual funds, and IPOs. Key facts about Sharekhan:

  • A subsidiary of the strong banking group, BNP Paribas
  • Clear recommendations based on fundamental data
  • Major clients are from a top-tier financial authority
  • BNP Paribas is listed in the Euronext Paris Stock Exchange
  • Long history with establishments in 2000
  • No minimum deposit required
  • Great Sharekhan mobile trading app

Why Sharekhan is safer than other brokers?

  1. Strong Parent Company

    BNP Paribas is a parent company of Sharekhan. BNP Paribas is a European bank and has a presence across 72 countries. It established the first branch in India in 1860. The strong parent company increases the safety measures for Sharekhan as it can help the company to come out from bad circumstances.

  2. Offline Network (In-person Service)

    Sharekhan is a full-service stockbroker with a strong presence across over 541 locations in India. The offline network allows you to create or contact in person for any queries and complaints.

  3. Technology-Focused Company

    Sharekhan offers technologically advanced Trade Tiger desktop-based software for active traders. It has excellent heat maps and stock scanners to gauge the market. It has something for all types of customers.

  4. Low Complaints to Active Clients Ratio

    Till March 2020, the complaints to active client ratio across different exchanges were low. It favours the reliability of customers towards Sharekhan.

  5. Registered with Regulatory

    Sharekhan is a SEBI-authorized broker which provides different products and services as per the guidelines. It is a member of the NSE and BSE stock exchanges. Regulators continuously keep an eye on stockbrokers and notify them from time to time for any wrong acts.

Sharekhan Risks

  1. Power of Attorney

    Through Power of Attorney (PoA), Sharekhan is allowed to invest and hold the shares and mutual funds on request placed by customers. The PoA gives rights to the broker to debit or credit from the Demat account whenever required.

  2. Proprietary Trading

    Sharekhan offers proprietary trading. The broker settled two cases with SEBI and paid around Rs 3 crore for front-running activities without denying it in April 2019. The SEBI also said that Sharekhan allowed improper activities for the client's confidential information by the dealers.

  3. Margin Funding

    Sharekhan offers a margin funding facility to the clients. Margin Funding is a risky proportion as you earn profit only when the earned amount is higher than the margin. You also have to pay margin interest per day whether you generate profit or loss.

Sharekhan Memberships

Securities and Exchange Board of India (SEBI) is a regulator of business in stock exchanges and other securities markets in India. SEBI has to protect the interests of investors and keep an eye on stockbrokers. Sharekhan is also a SEBI-authorized stockbroker. It is also a member of NSE, BSE, MCX and NCDEX. Sharekhan also offers Demat account services with CDSL and NSDL.

Sharekhan's membership details are as follows:

  • SEBI Regn. No: INZ000171337
  • NSDL: IN-DP-NSDL-233-2003
  • CDSL: IN-DP-CDSL-271-2004


Sharekhan is a safe and reliable stockbroker in India. It has a strong parent company, quality services, and variable brokerage rates as per customer requirements. Sharekhan follows all the regulatory guidelines. But, when it comes to proprietary trading, margin funding and power of attorney, you have to make decisions wisely.

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Frequently Asked Questions

  1. 1. Is Sharekhan safe?

    Yes, trading with Sharekhan is as safe as with other stock brokers in India. Sharekhan is in the brokerage business for 20+ years. It is among the most trusted brand among stockbrokers.

    The company is a member of CDSL, BSE, NSE, and MCX. It is audited regularly by the exchanges and depository and to date, it has complied with all regulatory norms.

    Sharekhan is a wholly-owned subsidiary of BNP Paribas, a reputed European bank. BNP Paribas is listed on the Paris Stock Exchange and has a presence in 72 countries.

    When Sharekhan customers buy shares, the shares are deposited into their personal demat account with CDSL. Sharekhan only works as a servicing agent for these demat accounts.

    If you follow the basic security principles while investing in the stock market, your money and holdings (shares, MF, Bonds etc.) are safe with brokers like Sharekhan.


  2. 2. Sharekhan is good or bad?

    Sharekhan is among the top full-service stock brokers in India. It is a well-trusted brand offering trading and investment services for over 2 decades. Like most other brokers, Sharekhan has its advantages and disadvantages.

    Sharekhan is Good For

    • Trusted brand with 20+ years of experience in broking.
    • Full-service broker offering a wide range of products.
    • In-house-build trading platforms and tools.
    • Trade at BSE, NSE and MCX using one account.
    • Dedicated research team to help clients.
    • Dedicated Relationship Manager (RM) to every customer.
    • Online and offline (branch office) support.
    • Option to choose from multiple brokerage plans.
    • Online and classroom training, seminars and workshops to investors.
    • Up to 5x leverage in Equity Delivery trades with 24% interest.
    • Free online funds transfer.
    • Free Call & Trade facility.

    Sharekhan is Bad For

    • High brokerage charges in comparison to discount brokers.
    • Offer risky products like Margin Funding.
    • Minimum brokerage charge - 5 paisa per share in Intraday.
    • Minimum brokerage charge - 10 paisa per share in Delivery.
    • Minimum DP charges - Rs 16 per script.


  3. 3. Is Sharekhan ltd legit?

    Yes, Sharekhan is a legit stock broking company in India. It is among the most trusted brand in the brokerage industry for over 2 decades. The company is a subsidiary of BNP Paribas, a leading European Bank. It is registered with SEBI, CDSL, BSE, NSE, MCX and MSEI.

    Sharekhan Memberships

    • Sharekhan Ltd CIN: U99999MH1995PLC087498
    • Stock Broker SEBI Registration No.: INZ000171337
    • SEBI Registered Investment Advisor: INA000011325
    • CDSL Member ID: IN-DP-365-2018
    • AMFI Registration No.: ARN 20669
    • PMS: INP000005786
    • NSE Member ID: 10733
    • BSE Member ID: 748
    • MCX Member ID: 56125
    • MSEI Member ID: 1043


  4. 4. Is Sharekhan reliable?

    Yes, Sharekhan is a reliable stock broker. It is one of the most trusted stock brokers in India for over 2 decades. It is being audited by exchanges (BSE, NSE and MCX) and depository (CDSL) regularly. The company has not reported any major regulatory violations so far.

    Sharekhan is a subsidiary of BNP Paribas since 2016. BNP Paribas is a reputed bank in Europe with a presence in 72 countries. BNP Paribas is listed in Euronext Paris, France's securities market.

    Note that if you follow the basic principles while investing in the stock market, your money and holdings (shares, MF, Bonds etc.) are safe with brokers like Sharekhan.


  5. 5. Is Sharekhan good for beginners?

    Sharekhan is among the best stock broker for beginners as it offers in-person onboarding, training, local support and a relationship manager.

    Being new to stock markets, beginners need assistance in understanding various concepts related to stock markets and investments. They also need some hand-holding in picking stocks, placing buy/sell orders and learning the trading software for online trading.

    Sharekhan is good for beginners in the following aspects:

    • In-person Services

      Sharekhan offers in-person services through a dedicated Relationship Manager (RM). The RM helps you with account opening, understand your requirements and propose your products.

    • Research & Stock Recommendations

      Sharekhan has a dedicated research team that publishes various reports on the economy, stock markets and investments. The team also recommends potential stocks, Mutual Funds and Commodities to their customers.

    • Sharekhan Classroom Training

      Sharekhan offers classroom training and has a knowledge centre for beginners to learn on trading and investing. The classrooms are available online as well as in your city.

    • RM Support

      After onboarding, the RMs help customers in placing buy/sell orders, portfolio management, issue resolutions etc. He is one point of contact for all your trading and investment needs.


  6. 6. What is Sharekhan by BNP Paribas?

    Sharekhan by BNP Paribas is a full-service stock broking company in India. It offers broking services in equity, commodity and currency segments. It also offers investment services like IPOs, portfolio management services, and instant mutual funds. Sharekhan has a dedicated team for research. They offer stock recommendations to its customers based on technical and fundamental analysis.

    Sharekhan was established in the year 2000 and grew exponentially since then. It was acquired by BNP Paribas in 2016. BNP Paribas S.A. is one of the largest banks in Europe. It is based out of Paris. Sharekhan is now a wholly-owned subsidiary of BNP Paribas S.A.

    Sharekhan customers can trade online, offline by visiting any of the branches or by calling the trading desk. Sharekhan offers 3 popular trading software for online trading:

    • Sharekhan Website ( Trading Website)
    • Sharekhan App (Mobile Trading App)
    • TradeTiger (Downloadable Trading Software)


  7. 7. Is Sharekhan trustworthy?

    Yes, Sharekhan is a trustworthy stockbroker. It is one of the leading brokers in India and offers a wide range of investment products. Plus, it has more than 19 years of experience in the Indian stock market. BNP Paribas is the parent company of Sharekhan and also a listed company on the stock exchange.

    Is Sharekhan good for beginners?

    Yes, Sharekhan is a good option for beginners. Sharekhan offers research-based services and stock recommendations which are quite helpful for naive investors. The broker also has a knowledge center where the investors can get market education and technical terms explanation. Further, Sharekhan also has a personal training program, stock investor course, and free educational workshops.


  8. 8. Is Sharekhan a good broker?

    Sharekhan started its operations in 2000, more than two decades ago. During this time, the company has experienced all kinds of regulatory and technological upgrades and changes.

    Sharekhan operates as a financial services provider and is one of the best stock brokers in India. The company operates both online and offline.

    Some of the features of Sharekhan are:

    • Sharekhan offers investment and trading in assets such as equities, F&O and commodity IPOs, mutual funds, insurance, bonds and NCDs.
    • Updated online trading platforms such as TradeTiger, Sharekhan website, Sharekhan App and Sharekhan Mini.
    • Super fast account opening
    • Free account opening and offer on AMC
    • Competitive brokerage fees and costs.
    • Research services
    • Recommendations on investments.
    • Investments via tools such as APIs.
    • Strong offline presence.
    • Sharekhan has over 17 lakh clients
    • Customer support

    Features like these make Sharekhan a safe, reliable and one of the best stock brokers in India right now.


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.

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.


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