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Sharekhan is a full-service broker and offers mutual fund investment services to investors. The broker offers regular mutual fund schemes from different fund houses. It offers mutual fund investments through lump sum or SIP mode of investments. Investors can start investing with as minimum as Rs 500 through SIP in a mutual fund.
Sharekhan also offers InstaMF which is a paperless online account to start investing in Sharekhan MF schemes. The broker also offers a list of best SIPs to invest through Sharekhan and the best mutual fund schemes to invest that are handpicked by a team of experts at the Sharekhan Mutual Fund Platform. With a Sharekhan mutual fund calculator, it is easy to plan as per your financial goals and invest accordingly.
Sharekhan offers regular mutual funds and charges an indirect commission from the fund house. Hence, while investing in a mutual fund with Sharekhan, you have to pay a commission that is paid from your earnings. The broker doesn't charge anything for using the Sharekhan Mutual Fund platforms. And, you have to pay directly to Sharekhan when you choose special services offered by the broker such as portfolio management. The investors only require an InstaMF account for the mutual fund segment. You don't need to open a Demat account to invest in a mutual fund with Sharekhan.
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Sharekhan Account Opening Charges |
Nil |
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Sharekhan Mutual Fund AMC Fees |
Nil |
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Sharekhan Mutual Fund Brokerage |
Nil |
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Sharekhan Mutual Fund Commission |
It can be 1-1.5% |
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Sharekhan Mutual Fund DP Charges |
Doesn't require demat account for mutual fund investment |
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Other Charges |
No transaction charges |
All brokers have the option to charge transaction fees for offering mutual fund investment facilities. But, Sharekhan keeps it free for the investors.
Opening a mutual fund account with Sharekhan is quite easy. Visit the official website and click on InstaMF. Next, click on open an Insta MF Account. Now, you have to follow these three steps to start investing with Sharekhan MF schemes:
Enter your PAN, Adhaar card and other important information to complete the first step of online MF account opening.
Complete the verification process by entering the Mobile OTP. After verification, create an InstaMF login ID and password.
Add the bank details and upload a copy of the cheque leaf of your bank account.
That's all. You can start investing in a mutual fund through the Sharekhan MF platform.
Sharekhan Mobile App allows investment across Equity, derivatives and mutual funds. It provides one-tap investment features in mutual fund schemes. Sharekhan Mobile App is an integrated platform to invest in different investment options through a single platform.
Sharekhan Website is a browser-based application to invest in equity, derivatives and mutual funds. It allows both lump sum and SIP mode of investment.
Sharekhan also offers a dedicated mutual fund investment app which is the Insta MF app. It is a completely free platform to invest in Sharekhan Mutual Fund schemes. You just need to open an InstaMF account and log in to the app through an OTP based process.
Sharekhan offers 3 types of Mutual Fund Calculators including Investment Calculator, Goal Calculator, and Compare Funds. All the four calculators are available free at the official website of Sharekhan. Anyone can access the calculator to get assistance in financial planning. Here is how to use them:
Investment Calculator helps in calculating expected returns. You can choose an investment route as SIP, Lumpsum, Delay Cost and Lump Sum / SIP Balancer. Then you have to enter investment amount, expected rate of return and duration of investment to calculate the expected returns. The result will show you the total invested amount and expected returns.
This calculator helps you when you have a specific goal such as a wedding, dream house, dream car or education as the financial objective for choosing Sharekhan Mutual Fund. It shows the returns as per inflation rate, expected rate of return, time horizon and investment amount.
When you want to compare two or more schemes as per their past performance, asset allocation, and risk measures, you can use the Compare Funds calculator. You have to type the name of the schemes and click on enter to add the schemes for comparison.
Sharekhan offers assistance through call or email for InstaMF accounts. You can contact Sharekhan InstaMF on 022-25753200 / 022-25753500 and mail on myaccount@sharekhan.com for any query. For InstaMF users, Sharekhan also provides online chat assistance between 09:00 am to 05:00 pm from Monday to Friday.
Sharekhan doesn't offer direct mutual fund schemes. All the schemes offered on the Sharekhan MF platform are regular schemes from different fund houses. You have to pay commission indirectly to the broker.
Sharekhan doesn't charge any brokerage, transaction and maintenance charges for mutual fund investments. It also offers InstaMF online instant mutual fund account opening facility. If you are looking to diversify your portfolio and invest in a regular mutual fund, you can choose Sharekhan Mutual Funds.
This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.
No, Sharekhan doesn't charge transaction fees from investors. It provides a completely free InstaMF mutual fund platform. However, Sharekhan like other brokers are paid a commission by mutual fund houses. This commission is paid from your investments in the mutual fund.
Sharekhan offers SIP investment facility for mutual funds. Following steps will help you invest in SIP-
Sharekhan has three options for SIP investment which can be done through Net banking, Bank Mandate and Standing Instruction with the bank. You can choose any one option for periodic mutual fund investment through SIP.
To check the order status, please take the following steps-
Yes, Sharekhan provides mutual fund recommendations. It has a team of experts to look into the mutual fund schemes and provide the list for the best SIP mutual funds and best mutual fund schemes.
The mutual fund recommendations are available on the company's website. Here's how to access the mutual fund recommendations-
Sharekhan customers can stop their Mutual Funds SIP in Sharekhan at any time. The easiest way to stop your SIP is by submitting an online request.
Steps to Stop Mutual Fund SIP in Sharekhan Online
Note:
Sharekhan does change any brokerage as it only offers regular mutual funds. For regular mutual fund schemes, stock brokers are paid a commission by the fund house (around 1 to 2%). Broker doesn't charge any brokerage from customers.
Sharekhan also doesn't charge anything for using its Mutual Fund investment platforms.
Sharekhan Mutual Fund Charges
| Account Opening Charges | Nil |
| Mutual Fund Account AMC | Nil |
| Mutual Fund Brokerage | Nil |
Normally, in SIPs, you have to invest a fixed amount every month or quarter depending on your investment frequency. You're not allowed to change the SIP amount. But you could close and start a new SIP at any time.
Sharekhan offers a Flexi SIP facility that allows you to change the SIP amount every month without changing the electronic clearing system (ECS) mandate every month. If there's no change in SIP, the default amount set by you will be deducted. The facility also allows you to change the date of SIPs.
Sharekhan Flexi SIP is a mutual fund facility that provides you with the flexibility to change the SIP amount every month without changing the electronic clearing system (ECS) mandate every month.
In a mutual fund SIP, you commit to investing a fixed amount every month. The Flexi SIP plan allows you to change the SIP amount as per your financial health or market conditions. It also saves you from a lengthy process of changing the ECS mandate every time you wish to change your SIP amount.
Features of Sharekhan Flexi Invest
You can redeem SIP in Sharekhan at any time using the Sharekhan website or its mobile app. You also have an option redeem completely or partially.
Steps to redeem SIP in Sharekhan
Your redemption order will be updated on the order book. It may take 2 to 3 days for the money to get credited in your account.
Note: Please check if your fund is eligible for redemption before placing a request. Some fund categories like ELSS and tax saving funds have a minimum lock-in period before you can redeem the funds. You cannot redeem such funds before the lock-in period is over.
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Information on this page was last updated on Wednesday, January 29, 2020
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