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Sharekhan Stock Broker Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 5-Aug-2022
Sharekhan Review
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Sharekhan Review 2022 - Quick Summary

Sharekhan is part of the top 10 brokers in India serving 7.5 lakh+ active customers. Powerful Trade Tiger desktop trading terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relationship managers are the key highlights to trade with Sharekhan.


Rated 4 stars

Sharekhan Top Highlight for 2022

  • 22 years of experience and part of BNP Paribas Group.
  • Wide range of trading and investment products.
  • Free paperless demat and trading account opening.
  • InstaMF, a brokerage-free digital mutual fund platform.
  • Trade tiger, is a powerful trading terminal for high-volume pro traders.
  • Free trading calls and equity, commodity, & mutual fund research.
  • Get the best portfolio management services, or invest in a model portfolio.
  • Presence with 3,500+ outlets in 600+ cities.

About Sharekhan

Incorporated in 2000, Sharekhan, a Mumbai-based full-service stockbroking company is a BSE, NSE, and MCX registered trading member. The broker allows trading in equities, derivatives, commodities, currencies, IPO, and mutual funds, and also provides margin trading services. The broker serves every kind of customer including individual retail traders, investors, NRIs, corporate, and institutional investors.

Open a free Sharekhan demat and trading account now and start your trading journey with Sharekhan. The full-service broker has a volume-based pricing model that charges a fixed percentage of brokerage fee on all trading segments. It means a higher volume of trade means higher brokerage charges or vice-versa.

Sharekhan is a pioneer of online trading with multiple trading platforms and tools. It has the best Trade Tiger desktop trading terminal with advanced charting analytic features for active traders. It also has a user-friendly trading website, and mobile trading app to trade on the move.

Customers will also get access to the Sharekhan trading tips, research, and stocks & mutual fund advisory services. Customers can also invest in a basket of stocks, and get timely recommendations for wealth management. The stockbroker is actively present in over 600 cities with 3,500+ branches, and sub-broker office, and 750+ dedicated customer service relationship managers.

Compare to Zerodha, Sharekhan is a pioneer in online trading. The way Zerodha has come up with the discount brokerage model in 2012, Sharekhan started with online trading in early 2000. Sharekhan still has one of the best online trading platforms as well as PAN India branches. On brokerage, yes, Sharekhan has higher brokerage compared to Zerodha (Maximum Rs 20 per order and free Delivery trade).

Are you looking to open an account with Sharekhan? If yes, before proceeding, you must read an honest Sharekhan Review 2022 including details about its account opening charges, brokerage charges, margins/leverage, trading platforms & tools, customer care details, and pros & cons.

Sharekhan Promotion Offer

Get Free Trading + Demat Account (Rs 1150 waived on account opening) for a limited time. Sign up now

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Sharekhan Brokerage Plan, Fees and Charges

Rated 2.5 stars Brokerage and Commission Rated 2.5/5

Sharekhan has a fixed percentage-based brokerage model that charges a fixed percentage on the trade volume across all segments. Sharekhan charges significantly higher brokerage fees when compared to other top brokers like ICICI, HDFC, Zerodha, and Upstox. It also has prepaid and postpaid brokerage plans.

Check Sharekhan brokerage fee on equities, futures & options, commodities, and currencies trading segments.

Sharekhan Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 400 PA (Waived for first 3 year)

Sharekhan Brokerage Plan with closest competitors

Here we are comparing Sharekhan with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Sharekhan 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range 0.1 to 0.5% Rs 20 Rs 20 Rs 20 Rs 15
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
Commodity 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Free
  • RMS Auto Square Off Charges: Free
  • Hidden Charges: No

For complete brokerage charges and trading plans detail please visit Sharekhan Brokerage Charges.

Please refer unique and accurate Sharekhan Brokerage Calculator


Type of Account offered by Sharekhan

Before opening an account with Sharekhan, you first have to decide which type of account you must open whether a trading & demat account or a mutual fund account. The full-service broking house offers the following two types of account opening facilities.

Sharekhan Trading & Demat Account

    One would require opening a 2-in-1 account means trading cum demat account to trade in different asset classes such as equities, derivatives, commodities, and currency segments. The trading account allows you to place buy and sell orders whereas the Demat account holds securities in electronic form.

    Sharekhan charges zero account opening fees on its demat account. You can open a Sharekhan account online or offline via reaching out to any local Sharekhan branch or office.

Sharekhan NRI Trading Account

    Sharekhan allows NRI, PIO, and OCI clients to open a Sharekhan NRI Demat and Trading Account. The full-service stockbroker has partnered with 4 banks; Axis, HDFC, IndusInd, and IDBI Bank to enable NRI customers to open a Sharekhan 3-in-1 NRI account.

    Sharekan NRI Trading account allows trading in equity delivery, mutual funds, IPO, and futures & options trading segment. NRI cannot trade in the equity intraday, commodity, and currency segments.

Sharekhan InstaMF Mutual Fund Account

    Are you looking for mutual fund investment product only? Open a Sharekhan mutual fund account for free on the InstaMF platform without opening a Demat account. The InstaMF web and app-based mutual fund platform provide access to the equity, debt, and hybrid categories of regular mutual fund schemes of all top AMCs.


How to open Sharekhan Account online?

Sharekhan offers a simple, super easy, efficient, and quick account opening process in a fully paperless manner. The process does not take more than 15 minutes to open Sharekhan Investment Account.

Steps to open Sharekhan Trading and Demat Account

  1. Head to the Sharekhan website.
  2. Tap on the “Open an account” option on the top.
  3. Go ahead with a 100% digital account opening process.
  4. Register/sign-in: Enter your name, mobile number, email address, and city.
  5. Enter a 6-digit OTP sent to your registered email address.
  6. Provide your PAN card number and DOB.
  7. Fill in your basic personal details.
  8. Upload a few documents required to open a demat and trading account.
  9. Complete the in-person verification
  10. Proceed to Esign by entering the OTP sent to your aadhaar-linked mobile number.

Post verification, your Sharekhan Demat and Trading account will be activated and you will get a unique client code (UCC) to log in to the Sharekhan trading platforms.

Open Instant and Online account with Sharekhanin 15 mins.

Alternatives to Sharekhan

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Sharekhan Mobile App and Trading Platforms

Rated 4.5 stars Trading Platforms Rated 4.5/5

Sharekhan heavily invests in technology and has all types of trading platforms to trade across devices. It has a mobile trading app, an installable desktop trading terminal, and a web-based platform. Let’s find out the key features offered by each of these Sharekhan trading platforms.

Sharekhan Mobile Trading App

    Sharekhan has a clean user-friendly mobile app to trade in stocks, derivatives, commodities, currencies, and mutual funds. Sharekhan stock trading app features cater to the diverse requirements of traders as well as investors. The broker maintains safety & security protocols with 2 factor-authentications (2FA).

    Better advanced charting experience (Renko, candlestick, Bar, Area, and Line) for multiple time frames from 1 minute to 1 year, pattern finder studies, fast refresh rate, a comprehensive dashboard, in-depth market stats, and different types of orders including bracket order (BO) are the unique features for traders. Customized multiple watchlists, multi-exchange streaming market watch, real-time market stats, share market news, and one-tap investment in mutual funds are the features for investors.

    Download the app now on the Play Store and the App store to kickstart a hassle-free and smooth trading journey with Sharekhan.

Sharekhan Trade Tiger Terminal

    Trade Tiger by Sharekhan is an installable desktop trading terminal that can be downloaded on a desktop or laptop. From customizable watchlists to advanced trading charts, 30-90 intraday and daily charts with 30+ technical indicators, multiple chart views, stock scanner, Market Heat Map, dynamic one-click filter, advance option chain analytics, 30+ option trading strategies, etc. feature make Trade Tiger as industry’s best and powerful trading terminal to trade across segments.

Sharekhan Website

    Sharekhan has an in-house developed online stock market trading website. The user-friendly web trading platform has many great features i.e. multiple exchange trading, smart search tool, detailed stock information, in-depth portfolio view, alerts & notifications, portfolio report, dedicated chat and help option, and others.

    Customers can place all types of orders such as market, limit, stop-loss, bracket order, with GTD, GTT, and IOC order time limits.

Sharekhan Mini Website

    Users in small towns and villages with low internet bandwidth can trade through the Sharekhan Mini web platform. The browser-based trading website works well on a 2G internet connection. Customers can access basic features like charts, F&O contract details, multi-exchange watchlist, secure fund transfer, and get live research calls and reports.

Sharekhan InstaMF App

    InstaMF is a free online mutual fund investment platform by Sharekhan. If you are only looking for mutual fund investment, start a paperless and hassle-free mutual fund investing journey with InstaMF app without opening Sharekhan Demat Account. The broker enables investors to start SIPs or invest lumpsum in the regular open-ended schemes.

    Sharekhan NEO, a Robo-advisor provides tailored or customized mutual fund recommendations to customers to achieve their financial goals.

For detail review of mobile app and download please visit Sharekhan Trading Platform Review.


Sharekhan Trading Pros

  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Sharekhan Trading Cons

  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Direct mutual fund schemes are unavailable on the InstaMF platform.
  • Its fee structure is not transparent.

Sharekhan Customer Care info

Sharkehan believes in delivering a superior customer experience as a success mantra. It has multiple customer touchpoints to interact with end-users such as live chat, FAQs, customer care helpline number, email support, and Whatsapp chat.

In addition, it has a team of 750+ dedicated customer relationship associates, and 3,500+ branches and sub-broker offices across 600 cities to resolve customer queries. Customers can visit any of the nearest branches to leave a query, and get its instant solution.


Final thought about Sharekhan

Rated 4 stars Rated 4/5 by 184 users

With over 22 years of broking experience, Sharekhan is known to be India’s leading full-service broker.

It is the best broker for traders and investors who are ready to pay high brokerage to access premium services including quality research, powerful online trading platforms and tools such as trade tiger, and superior customer services. However, it is not an ideal broker for beginners; they can rather consider discount brokers who charge a flat brokerage fee.

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Last updated on: 2022-08-05

Sharekhan FAQs

Placing an AMO through Sharekhan Trading Account is as easy as placing a regular normal order. It is to be noted that unlike other brokers, Sharekhan has not specified the order category as "AMO" however, customers can use a "market order" type feature to place a after market order.

  • Login to Sharekhan Trading Account.
  • Add the scrip to your watchlist.
  • Place buy or sell order as per your requirements.
  • Now, enter the order quantity and submit the order. You can not enter the stock price because Sharekhan only allows customers to place a market order after market hours.
  • Recheck and confirm the order.
  • The order placed will be visible in the order book from where you can modify or cancel it. Once the market opens for subscription, the market order placed after market hours will be automatically sent to the exchange.

Sharekhan AMO market order timings

  • Working days: 11PM – 9 AM
  • Non-working days: Anytime or 24 hours.

 

The full-service broker offers online trading & investing in equity, derivatives, commodities, currency, IPO, MF, bonds, and PMS. To start online trading with Sharekhan, the following steps should be followed:

  • Open Sharekhan Demat and Trading account online or offline.
  • Login with your Sharekhan Account on any trading platform i.e. Trade Tiger, mobile app, website, etc.
  • Start placing buy and sell trade orders across various segments through your Sharekhan account.

 

Sharekhan offers 3 different brokerage plans; Sharekhan classic plan, Sharekhan Post-Paid plan, Sharekhan Pre Paid Plans. Each plan has different brokerage charges across segments i.e. equity intraday, delivery, F&O, commodity, and currency. Sharekhan brokerage charges depends upon the brokerage plan you choose for trading.

For example, if you’ve selected Sharekhan Classic Brokerage Plan and trading in equity delivery segment. Like you’ve bought 100 shares at Rs. 120 of any company then as per the classic brokerage plan, 0.50% or 10 paisa/share or Rs. 16 whichever is higher would be applicable.

Trading value = 100 shares * Rs. 120 = Rs. 12,000

  • Equity delivery brokerage = 0.50% of Rs. 12000 = Rs. 60
  • 10 paisa per share = 0.10 * 120 = 12
  • Minimum brokerage = 16

Here, the highest brokerage charges is Rs. 60 that is 0.50% of the trading value thus, Sharekhan will charge Rs. 60 brokerage.

 

Placing a Stop loss order simply means limit your risks or loss by placing a sell order automatically when your stock reaches a certain price level.

Steps to place stop-loss orders in Sharekhan

  1. Login to the Sharekhan website, mobile app, or Trade Tiger.
  2. Add your favorite stock to the watchlist.
  3. Place trade order of your choice (buy or sell)
  4. Select “Stop-loss” and enter the trigger price at which you want to place a stop loss (SL) order.
  5. Confirm the order and you’ve successfully put SL order.

 

Trigger price is the price that a trader has specified to place a buy or sell order on an exchange. Whether you’re placing a stop-loss order or stop loss market order, it is necessary to specify the trigger price. Whenever a stock reaches that price level, then the order will be automatically placed for execution. For instance, while placing a stop-loss order, if you have specified 300 as trigger price and 290 as the limit price for a sell order, it means that when a stock reaches 300 then the SL order will get activated and will be executed at Rs. 290.

 

In November 2016, BNP Paribas has acquired Sharekhan and became the owner of Sharekhan. BNP Paribas is a leading bank in Europe with more than 160 years of existence and global presence all over the world. It has 3 core businesses – corporate & institution banking, retail banking, and complete investment solution.

 

Sharekhan is good for trading due to the following reasons:

  1. One of the best full-service brokers serving 17 Lakh+ customers.
  2. Wide range of investment products for individuals, HNI, and corporates.
  3. Free MF investment on the Sharekhan Insta MF Platform.
  4. Best platforms like the Sharekhan Mobile app and Trade Tiger.
  5. Dedicated customer service online and offline.
  6. Free access to Sharekhan research.

 


Sharekhan User Reviews

avatar
47. Abhay Jain Jan 06 2022 01:07:27 AM Reply
No body is accountable to resolves the problem on customer care as well as in Bhopal office and their staff is also non cooperative.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
46. Chandrakant Rane Jan 06 2022 12:25:12 AM Reply
Noone resolves the problem on website and relationship manager is inactive

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
45. Raja Nov 30 2021 01:29:43 PM Reply
Sharekhan Charge brokerage
Trading 0.05%
Delivery 0.25%
Minimum: 3 paisa
Pre-paid AMC option also available
avatar
44. Raja Nov 30 2021 02:02:21 AM Reply
User-friendly mobile app.
Your money and shares are safe in Sharekhan, No risk.


Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
43. Reena Urade Jul 26 2021 05:09:30 AM Reply
very helpful staff and trade tiger is easy to use. Mobile app is user friendly.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
42. RAMACHANDRAN Jun 15 2021 08:41:48 PM Reply
Bank nifty margin
avatar
41. Jaswant Singh Yadav Jun 02 2021 08:28:59 PM Reply
Hello sir, I have opened an account with Sharekhan around 15 year back.so I want to know that can I restart my same account while I have forgotten all my keywords like my pin etc.what is the procedure please let me know on my mobile phone.Thank you
avatar
41.1. Vinay Jain Jun 03 2021 11:59:35 AM
Yes, you can contact customer care team, they can find your account with your PAN number. Please check with team about the brokerage plan, as in lst few years brokerage has been reduced.
avatar
40. A Mondal May 28 2021 06:39:12 AM Reply
I am using sharekhan last 10 yrs , not a single problem happened with me . Sharekhan is the only full service broker in industry who made transparency and good communication with good customer . Regarding Brokerage by default its 50 paisa in delivery but after some transaction just send mail for reduction your brokerage , now my brokerage @ 20 paisa with good research and market update letter which you can not expect from any discount broker . Another most important thing sharekhan offline presence throughout Indian cities.
Last 10 years I ve used so called all brokers from Bank Brokers to Discount , Bank Broker ICICI is good but it may not be suitable for all.
Real discount broker is only Finvasia ..All Zero Brokerage to AMC but Trust is a factor .
If You are an Investor from middle class certainly go for
1, Sharekhan ( Most trusted and Valuable-BNP Parbas Backend )
2. Edelweiss ( Trusted Big Financial House-NSE Listed )
3. Angel Broking ( Trusted over the Years - NSE Listed company )
If You are a Trader then no need to more research on broker -
1, FINVASIA
2. ZERODHA
3. KOTAK SECURITES ( Zero Intraday )- Reputed Bank Broker

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
avatar
39. Rajanish Jan 07 2021 10:55:44 AM Reply
One of the best brokers in business. Excellent client experience.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
38. Manish Jul 24 2020 09:08:59 PM Reply
Very high brokerage. Not suitable for investment purpose. Now i am going to quit and shift to other lower brokerage service provider.
Many times mobile trading apps not working.
Many times trade not executed.
Sorry but its true.
My profit goes in to feed you only.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Average
Overall Experience - Below Average