Unlimited Trading @ Rs 899 per month - Prostocks

Sharekhan FAQs (Frequently Asked Questions)


-2.41% 504,796 Clients

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 ... Know more about Sharekhan

Do you have questions about Sharekhan share trading account or Sharekhan demat account?

Get all your share trading doubts and questions answered by reading the Sharekhan demat, trading account information FAQ. All Sharekhan questions, Sharekhan q&a, Sharekhan faq and Sharekhan questions and answers.

Sharekhan Special Offer

Free Trading & Demat Account (for limited time only)

Get FREE Trading + Demat Account (₹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.

Frequently Asked Questions

  1. 1. Is Sharekhan a Discount Broker?

    No, Sharekhan is not a discount broker. It is a full-service broker providing a wide range of services including retail trading, investment, mutual funds, portfolio management services, research and investor education etc. Sharekhan is a member BSE, NSE, MCX, CDSL and NSDL. 

    Here are a few key points of distinction between full-service and discount brokers:

    • Full service brokers offer both online and offline trading services whereas discount brokers offer only online services.
    • Full-service stock brokers offer a wide range of services (add-ons) whereas most discount brokers only offer stock broking services.
    • Full-service stock brokers have branch offices in multiple locations in their area of operation whereas discount brokers are online brokers with very limited number of branch offices.
    • Full-service stock brokers charge brokerage as percentage of the trade value whereas discount brokers charge flat fee brokerage wherein you are charged a fixed brokerage irrespective of the trade value. However, some full-service brokers have started charging flat fee brokerage to compete with discount brokers.

    We have written a detailed article on 'Discount Brokers vs Full Service Brokers in India'. The article discusses the key differences between discount and full-service brokers, their pros and cons and a list of top 10 discount stock brokers and top 10 full-service stock brokers in India.

    Discuss this question

  2. 2. What is Sharekhan Flexi Invest?

    Sharekhan Flexi Invest provides the flexibility to change the SIP amount without changing the electronic clearing system (ECS) fee every month. The Flexi Invest Sharekhan plan saves you from a lengthy process of changing the ECS mandate every time you wish to change your SIP amount.

    Key Features of Sharekhan Flexi Invest

    • In the event of no change in SIP by you, the default amount set by you is deducted.
    • Facility to change date and frequency of SIPs
    • Facility to link SIPs with key ratios to automatically increase the SIP amount when the market is low and decrease the amount when the market is high.

    Discuss this question

  3. 3. Should you choose Sharekhan as your brokerage company?

    Sharekhan is good for trading for following types of investors-

    • Traders who trade in high volumes because the brokerage charges for high volume trading is less.
    • Sharekhan is good for new traders as it offers good online training on investments and trading. It has partnered with California based Online Training Academy that provides well-designed trading courses.
    • Aged traders who are not tech savvy. It has a free dial n trade facility service wherein you can place your orders on telephone.

    Discuss this question

  4. 4. Is sharekhan good for trading?

    Sharekhan offer trading services in equity, commodity, currency and derivatives. Is sharekhan good for trading? Let's first understand its advantages and disadvantages-

    Pros and Cons of Trading with Sharekhan

    Pros

    Cons

    Provides you access to good trading platforms- web, installable and mobile

    Doesn't offer 3-in-1 services, so fund transfer and withdrawal may take time.

    Free Call & Trade facility wherein you can call their customer representative and place your orders.

    Brokerage charges are higher in comparison to discount brokers like Zerodha, Upstox etc.

    It offers multiple brokerage slabs to suit the trading needs of investors. The brokerage charges are less for high volume traders.

    It allows traders to put their fixed deposits in banks as collateral to maintain margins for Futures and Options trading.

    Wide network with 1800+ offices including branches and franchises at 550 locations across India.

    Provides good training on trading & investments.

    Discuss this question

  5. 5. Who is Sharekhan?

    Sharekhan is one of the largest brokerage company in India. Incorporated in 2000, it is the first broker to offer online trading in the country. The company was, in 2016, acquired by leading European Bank BNP Paribas and is today known as Sharekhan BNP Paribas Financial Services Private Limited.

    Sharekhan serves over 16 lakh customers through 153 branches and 2400 business partners at 575 locations spread across the country. Sharekhan's trading platform executes over 400,000 trades daily.

    Sharekhan offers a range of savings & investment solutions like-

    • Equity Trading
    • Derivatives Trading
    • Currency Trading
    • Mutual Funds & SIP
    • Bonds
    • IPO
    • Portfolio Management Services
    • Training
    • NRI Services

    Discuss this question

  6. What is AMC for Sharekhan?

    Sharekhan charges ₹0 (Free) Annual Maintenance Charge (AMC) for a trading account and ₹400 (Free for 1st year) for a demat account. AMC is charged to maintain the accounts.

  7. How much Sharekhan charge for delivery?

    Sharekhan charge 0.50% for equity delivery trade. These trades are also known as cash & carry trades or CNC.

  8. How much Sharekhan charge for intraday?

    Sharekhan charge 0.10% for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

  9. How much Sharekhan charge for futures?

    Sharekhan charge 0.10% for equity futures trading.

  10. How much Sharekhan charge for options?

    Sharekhan charge ₹50 per lot for equity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  11. How much Sharekhan charge for commodity?

    Sharekhan brokerage charges for commodity futures is 0.03% and commodity options is 0.03%. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

  12. How much Sharekhan charge for currency trading?

    Sharekhan charge 0.10% for currency futures trading and ₹30 per lot for currency options trading.

  13. What are transaction charges in Sharekhan?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing changes to it. These changes can be seen in the contract note.

    Sharekhan Transaction Charges 2020
    SegmentTransaction Fee
    Equity DeliveryNSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
    Equity IntradayNSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side)
    Equity FuturesNSE ₹190 per Cr (0.0019%) | BSE ₹50 per Cr (0.00035) (each side)
    Equity OptionsNSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium)
    Currency FuturesNSE ₹135 per Cr (0.00135%) | MCX ₹130 per Cr (0.00130%)
    Currency OptionsNSE ₹4220 per Cr (0.04220%) | MCX ₹3220 per Cr (0.03220%) (on premium)
    CommodityMCX (Non-Agri) ₹230 per Cr (0.0023%) | MCX (Agri) ₹95 per Cr (0.00095%)

  14. Does Sharekhan offer IPO?

    Yes. Sharekhan offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  15. Does Sharekhan offer Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with Sharekhan. In a Mutual Fund, asset management companies (AMC) collect money from several investors and invest them into certain stocks, bonds, debt funds, etc.

  16. Does Sharekhan provide margin funds?

    Yes. Sharekhan provide margin funding.

  17. What is Sharekhan intraday auto square-off time?

    Sharekhan auto square-off all open intraday positions at 3:30 PM.

  18. Does Sharekhan provide tips?

    Yes. Sharekhan provide trading tips for stock and commodity trading to its customers.

Contact Sharekhan / Request Call Back

Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.

Name:Phone
EmailCity
State
Are you a day trader?

Sharekhan Competitors Review

Information on this page was last updated on Wednesday, January 29, 2020


5 Comments

Mayuresh Madhav Dhairyawan
5. Mayuresh Madhav Dhairyawan  Feb 3, 2019 22:37 I Like It. | I Don't Like It. | Report Abuse Reply
I have joint demat account with my brother with Sharekhan
.
Wish to know how to handover the share certificates for dematerialse and to which Office.
I stay in Lokhandwala Complex, Andheri (West)

Please let me know the address of your Office as mentioned above

Regards

Mayuresh Dhairyawan
R PRUDHVI
4. R PRUDHVI  Jan 8, 2018 22:57 I Like It. | I Don't Like It. | Report Abuse Reply
Any charges for Nse to bse transfer shares in sharekhan demat account
.Ex:.. If iam buying Reliance shares in Nse 10rs 100 shares.. The amount is 1000rs and iam selling total shares 15 rs i got that money 1500.and now bse of share price Reliance is 20 and i am shifted. Nse to bse i am more profit to 2000 rs.. If any charges for transfer to nse to bse... Can u please explain..
R PRUDHVI
3. R PRUDHVI  Jan 8, 2018 22:37 I Like It. | I Don't Like It. | Report Abuse Reply
Any charges for Nse to bse transfer...trade..
Ex. : Reliance 3 rs in Nse.. I am buying 100 shares 300 rs... And bse 5 rs.in same Reliance... I will chose to transfer to the nse to bse... I have earn more money....to shift bse.. 200 rs profit... Is any terms and conditions.. Any charges for share... Can u please explain me...
soumya ranjan das
2. soumya ranjan das  Oct 22, 2016 16:02 I Like It. | I Don't Like It. | Report Abuse Reply
1-How do i know limit of intra day , either 5x or 10 x ?
At the time of opening account , no such document provided for knowing limit of intra day.

Jayant
1. Jayant  Jul 29, 2016 18:01 I Like It. | I Don't Like It. | Report Abuse Reply
Can one person open 2 dmat accounts. Is it correct legally?
Priya
6.1. Priya  Nov 16, 2016 03:29 I Like It. | I Don't Like It. | Report Abuse
Hi Jayant,

Yes, you can open as many as Demat account you would like with the same PAN card. There is no restriction on this.

But note:
1. Most broker charge AMC on demat account. You will have to pay this yearly fee to keep the account active.
2. You cannot apply multiple applications in an IPO as IPO application should be unique by PAN number.

Also note that you cannot open more then 1 trading account with a particular broker using same PAN number.




Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App