Is Sharekhan a Discount Broker?

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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.

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