Sharekhan Review 2020

Rated 4/5 by Top Share Brokers Team
Sharekhan Review

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Sharekhan is the Mumbai based India’s leading retail full-service brokerage firm with 19+ lakhs customers on board and having a presence in 575 cities with 2800 offices and franchisees across India. Sharekhan ranked 3rd after ICICI and HDFC Securities in terms of active clients.

ShareKhan was founded in year 2000 by SSKI Group and became a subsidiary of BNP Paribas in 2016. BNP Paribas is a leading bank in Europe with an international reach. Sharekhan not only offers the online trading facility in equity, derivatives, currency and commodity having membership in NSE, BSE, MCX and NCDEX but also provide financial services such as investment in PMS, MF, IPOs and bonds; advisory, research reports, online education, NRI services and much more.

To start E-Trading with Sharekhan, you need to open a trading account and Demat Account with Sharekhan Ltd. Sharekhan is a Depository Participant with NSDL and CDSL. Sharekhan offers online education in equity, options and commodity through Online Trading Academy OTA, the global leader in trading education. Sharekhan Classroom offers free web-based training to understand the basics of trading. Ignite is a year-long online trader mentoring program from Sharekhan in partnership with the Online Trading Academy, where you can learn how to confidently trade without the fear of losing. Courses like Stock Investor and Wealth Essentials are also available.

Sharekhan offers multiple Portfolio Management Schemes (PMS), especially for HNI customers. PMS ProPrime is aimed at long term investors, focusing on steady returns & PMS ProTech focuses on absolute returns in the market.

ShareKhan Mutual Fund services are comprehensive and exceptional. The broker provides a paperless mutual fund account opening facility called INSTA MF A/C. You also get personal advice and research by approaching your local branch or online. Model Portfolio Tools for Mutual Funds like Compare Funds, Investment Calculator, Goal Calculator, Performance Calculator are great help to answer all your queries related to Mutual Fund Schemes, return on investment, reaching goal, etc.

ShareKhan offers research-based financial advice available on their website and over the phone. Research for Investors, Research for Traders and Research for Mutual Funds are clearly visible on site. You can also get Intraday Calls, Momentum Calls, Smart Chart Calls, and Fundamental Calls from 2-toll free numbers Toll-Free: 1800-270-7050 / 1800-22-7050.

Dial-N-Trade of Sharekhan is totally free and offers to place orders for equity, currency, and options.

Sharekhan has state-of-the-art trading platforms packed with power features to make trading convenient.

ShareKhan NRI Services are offered online and includes trading in equities, futures, and options on NSE and BSE. Services of dedicated relationship managers, Investor Advisors and NRI Customer Service desk is available.

Review Summary

Sharekhan not just allows trading in all the segments but also offers finest services like investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much more. With these attributes, the company earns a powerful position in Indian Stock broker Industry.


Benefits

  • Award winning research.
  • Full range of trading, saving and investment products.
  • State of the art trading platforms like TradeTiger , ShareKhan App, ShareKhan Mini.
  • Dedicated Education and training courses for investors and traders in collaboration with Online Trading Academy (OTA).
  • Free call and trade facility.
  • Most powerful and robust trading terminal-'Trade Tiger'.
  • Share transfer from and to the DP account is free.
  • Huge network.
  • Supports commodity trading.
  • Loan Against Securities (LAS) and Margin Funding facility is available.

Considerations

  • Doesn't offer 3-in-1 account.
  • Minimum brokerage charges which makes it difficult to trade in penny stocks.
  • High brokerage so not well fit for day traders.
  • Classic account doesn't facilitate to trade in commodities.

Special Offer

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

Request call back from Sharekhan

Sharekhan Investment Options Compare

Here we are comparing Sharekhan with its 5 close competitors on investment options.

Broker Sharekhan 5paisa Zerodha Upstox SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes No No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes No No No

Sharekhan Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 2.5/5

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 1st year)

Sharekhan Brokerage

Intra-day Trades : 0.1% on the buy side and nil on the sell side. This is subject to a minimum brokerage of 5 paise per share. This means that if the share price you trade in is Rs 50/- or less, a minimum brokerage of 5 paise per share will be charged. This is with the highest brokerage plan, company have multiple plans and brokerage charges will lower down with the volume and gose down up to .5 paisa per leg with the minimum brokerage 2 paisa per share per leg.

For Delivery Based Trades: 0.5% on the buy side and 0.5% on the sell side. This is subject to a minimum brokerage of 10 Paisa per share. Minimum brokerage of 10 Paisa per share will be applicable when the share price is Rs 20/- or less.
Brokerage of Rs 16/- per scrip will be applicable when the total traded value is Rs 3200/- or less in case of sell transaction. It will only be applicable on SELL Delievery Transactions.

Sharekhan have multiple plan for delivery brokerage where higher side brokerag is .50% (50 paisa) and minimum side is .08% (8 paisa) on each side.

Equity Future: 0.10% on the first leg, nil on the second leg if squared off on the same day and 0.10% for second leg if carry foward position.

Sharekhan have multiple plan for futures brokerage where higher side brokerag is .10% (10 paisa) and minimum side is .005%+.005% (1 paisa).

Option: ShareKhan Charge Rs. 250/- per lot or 2.5% on the premium (whichever is higher), this is higher side of multiple plan, the lowest plan for options trading is Rs 25 per lot on each side.

ShareKhan Transaction Charges:

  • Equity Delivery: 0.125% (Both sides)
  • Equity Intraday: 0.025% (sell side)
  • Derivatives (Futures): 0.017% (sell side)
  • Derivatives (Options): 0.017% only on sell side if squared off. (On premium)

ShareKhan Stamp Duty

  • Equity Delievery: 0.010%
  • Intra-day trades: 0.002%
  • Derivatives Future: 0.002% on actual price
  • Option: 0.002% on premium.

ShareKhan Other charges
GST 18% on Brokerage + Transaction Charges.
Turnover Tax 0.00335% for Cash Segment (0.00325% + 0.0001% Sebi Turnover Fees) and 0.002% for Futures on actual rate (0.0019% + 0.0001% Sebi Turnover Fees) and 0.0501 on premium ( 0.05% + 0.0001% Sebi Turnover Fees).

Trading and Demat Account

  • Trading and Demat Account Opening Charges: Free
  • Trading Annual maintenance charges (AMC): Free
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 (Free for 1st year with trading account.)

Sharekhan Minimum Brokerage :5 paisa/share for intraday trasactions and 10 paisa/day for delievery trasactions.

Sharekhan's Pre Paid Scheme:
ShareKhan Offers various Pre Paid Brokerage Plan where investors need to pay th brokerage money upfront to avail the lowest brokerage rates for a year. Some plans are - AMC-750, AMC-1000, AMC-2000, AMC-6000, AMC-10000, AMC-18000,AMC-30000,AMC-60000, AMC-100000 and AMC-200000.Please refer below table for Detail plan.

Sharekhan Equity Delivery Brokerage Plans

Sharekhan Equity Delivery Brokerage and Charges
Plan Brokerage Charges
Plan 750 0.50 (50 Paisa) - Min 10 Paisa
Plan 1000 0.45 (45 Paisa) - Min 10 Paisa
Plan 2000 0.40 (40 Paisa) - Min 10 Paisa
Plan 6000 0.25 (25 Paisa) - Min 5 Paisa
Plan 10000 0.22 (22 Paisa) - Min 4 Paisa
Plan 18000 0.20 (20 Paisa) - Min 4 Paisa
Plan 30000 0.18 (18 Paisa) - Min 3 Paisa
Plan 60000 0.15 (15 Paisa) - Min 2 Paisa
Plan 100000 0.10 (10 Paisa) - Min 2 Paisa
Plan 200000 0.08 (8 Paisa) - Min 2 Paisa
Brokerage Calculator Equity Delivery Brokerage Calculator

Sharekhan Equity Intraday Brokerage Plans

Sharekhan Equity Intraday Brokerage and Charges
Plan Brokerage Charges
Plan 750 0.10 (10 Paisa) - Min 5 Paisa
Plan 1000 0.09 (9 Paisa) - Min 5 Paisa
Plan 2000 0.07 (7 Paisa) - Min 5 Paisa
Plan 6000 0.05 (5 Paisa) - Min 5 Paisa
Plan 10000 0.045 (4.5 Paisa) - Min 4 Paisa
Plan 18000 0.04 (4 Paisa) - Min 4 Paisa
Plan 30000 0.03 (3 Paisa) - Min 3 Paisa
Plan 60000 0.02 (2 Paisa) - Min 2 Paisa
Plan 100000 0.015 (1.5 Paisa) - Min 2 Paisa
Plan 200000 0.01 (1 Paisa) - Min 2 Paisa
Brokerage Calculator Equity Intraday Brokerage Calculator

Sharekhan Equity Futures Brokerage Plans

Sharekhan Equity Futures Brokerage and Charges
Plan Brokerage Charges
Plan 750 0.10 (10 Paisa) - Min 1 Paisa
Plan 1000 0.09 (9 Paisa) - Min 1 Paisa
Plan 2000 0.07 (7 Paisa) - Min 1 Paisa
Plan 6000 0.05 (5 Paisa) - Min 1 Paisa
Plan 10000 0.045 (4.5 Paisa) - Min 1 Paisa
Plan 18000 0.04 (4 Paisa) - Min 1 Paisa
Plan 30000 0.03 (3 Paisa) - Min 1 Paisa
Plan 60000 0.02 (2 Paisa) - Min 1 Paisa
Plan 100000 0.015 (1.5 Paisa) - Min 1 Paisa
Plan 200000 0.01 (1 Paisa) - Min 1 Paisa
Brokerage Calculator Equity Futures Brokerage Calculator

Sharekhan Equity Options Brokerage Plans

Sharekhan Equity Options Brokerage and Charges
Plan Brokerage Charges
Plan 750 2.50% or Rs 250 per lot, whichever is higher
Plan 1000 2.25% or Rs 238 per lot, whichever is higher
Plan 2000 1.50% or Rs 200 per lot, whichever is higher
Plan 6000 1.00% or Rs 175 per lot, whichever is higher
Plan 10000 1.00% or Rs 150 per lot, whichever is higher
Plan 18000 1.00% or Rs 125 per lot, whichever is higher
Plan 30000 0.50% or Rs 100 per lot, whichever is higher
Plan 60000 0.50% or Rs 75 per lot, whichever is higher
Plan 100000 0.50% or Rs 63 per lot, whichever is higher
Plan 200000 Rs 250 per lot on first/second & next day
Brokerage Calculator Equity Options Brokerage Calculator

Sharekhan's Post Paid Plan:
Sharekhan offered this unique post paid plan based on keeping margin money in your account. The higher the margin money ,the lower the brokerage will be. You can keep the margin money starting from 25k to 20 lakhs to avail this plan's offerings.

ShareKhan Reward program like 'refer a friend' and 'Get an Affiliate link' gives you an opportunity to earn 10% of brokerage or Rs 2 on every trade executed by your referral.

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

Sharekhan 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 SAMCO
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 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa Flat Fee Rs 20 Free Free 0.2% or Rs 20 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 0.02% or Rs 20 whichever is lower
Equity Futures 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.02% or Rs 20 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 20
Commodity 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower Flat Fee Rs 20 0.02% or Rs 20 whichever is lower
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 Flat Fee Rs 20
Rating

Please refer unique and accurate Sharekhan Brokerage Calculator


Open Trading and Demat Account with Sharekhan

For online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:

  • Drop your phone number and Sharekhan Customer Service Executive will call you back for trading & demat account.

Contact Sharekhan

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Alternatives to Sharekhan

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Sharekhan Trading Platform and Tools

Trading Platforms Rated 4.5/5

    Sharekhan TradeTiger

    ShareKhan TradeTiger is an exe-based broker’s terminal like a trading platform to trade in stocks, derivatives, and currency. Trade Tiger is the terminal-based online trading platform of Sharekhan. It is a robust platform that requires a slight learning curve, as all active trader platforms do, to become acquainted with it. Some of its features are:

    • Single platform for multiple exchanges BSE & NSE (Cash & F&O), MCX, NCDEX, Currency, Mutual Funds, IPOs.
    • Multiple market watch available on a single screen.
    • Multiple charts with tick-by-tick Intraday and end of day charting powered with various studies.
    • Access to real-time news & research recommendations from expert’s desk.
    • Place advanced orders like bracket orders with trailing stop loss, big trades, bulk orders etc.
    • Trade directly with tools like heatmap.
    • High leverage intraday product with 10 times exposure and auto-square off.
    • Access to heat map to get bird-eye view of the markets.
    • Stock Scanner to identify trading opportunities with technical parameters like RSI, Super Trend, Ichimoku etc.
    • One Click Filter to identify new highs and lows or bulk deals with a single click.
    • Advance trading from charts.
    • Online fund transfer activated with 14 Banks.
    • Advance Option Chain for option quotes with more than 30 trading strategies, portfolio greeks, pay-off charts etc.
    • API Integration - to integrate decision-making software written in any programming language with TradeTiger
    • AmiBroker trading bridge to integrate your trading strategies written in AmiBroker with TradeTiger.
    • Trade from MS Excel by exporting live market streaming data into excel and place order.

    Sharekhan Website (web-based platform)

    Sharekhan offers revamped new trading website newtrade.sharekhan.com with all the important features. It is one of the most popular browser-based trading portal for all the trading and investment needs. Features like NEO, Investment Cart, Advance Charts, Alerts, Dashboard, My Portfolio, Stocks Page, Sharekhan Classroom, Smart Search, Track, Trade, Invest, Live Chat and Help makes it useful to make smart investment decisions.

    Sharekhan App

    ShareKhan App offers app-based trading through mobile phones. The app can be downloaded and installed for android and IOS devices. Some of the features of ShareKhan App are:

    • Multi-Exchange streaming watch list.
    • Easy Fund transfer facility.
    • Trading on NSE, BSE, MCX, NCDEX.
    • Live Reports, Market Indices and News.
    • Intraday Charts.

    ShareKhan Mini

    Sharekhan Mini is designed for frequent traders to trade through mobile phones. It works on low internet bandwidth on Android, IOS, Blackberry and Windows mobiles as well as on a basic 2G phones. The important features are:

    • Trading across equity, derivatives, currency and commodity on NSE, BSE, MCX.
    • Invest in Mutual Funds, IPOS.
    • Multi-exchange live streaming watch-list.
    • Research call and latest market updates.
    • Access to charts and technical indicators.
    • Secured fund transfer.

    ShareKhan Pattern Finder

    Pattern Finder is the tool that analyzes stocks and indices, find out profitable opportunities and provides trading insights and techniques. It is a subscription-based tool. You get information via email and SMS alert before the market opens.

    Investment Cart

    An innovative tool that allows you to bulk- buy stocks and track them. It also allows you to track changes in the price of the stock that you've added to the cart since you last visited.

    Smart Search

    an intuitive search engine by Sharekhan to search stocks, mutual funds, Sharekhan tools and features and FAQs. It has a search-based trading feature, which allows you to place an order by entering details such as exchange, scrip and more. Get all the important details about the scrip like news, research calls, your positions and holdings by hovering your mouse over the stock.

    NEO

    This Robo-Advisory tool NEO analyzes financial goals and risk profile and based on that suggests an investment portfolio to the investor.

    Benefits

    • Trade Tiger is the most popular trading platform with loads of advanced features.
    • In-person demo and online demo of Trade Tiger Software is available.
    • Platforms are built keeping in mind casual as well as active traders and investors.

    Considerations

    • Too many features makes it difficult to learn and use.

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

Sharekhan Trading Platform Compare

Here we are comparing Sharekhan with its 5 close competitors on Trading Platform.

Broker Sharekhan 5paisa Zerodha Upstox SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Sharekhan

Rated 4/5 by 178 users

Sharekhan is a big name in share brokerage Industry with over 17 lakh customer base, powerful online trading tools, research based investment advice, dedicated customer service. ShareKhan is best suited for newbies in the market who can get help from its branches in neighbourhood but only at the cost of paying high brokerage. The challenge Sharekhan and all other full service brokers are facing with emerge of new discount brokers in the market is inevitable and has to compete hard to stay in business.

If you like what you have read and want to open an trading and demat account with Sharekhan, leave your contact information with us and we will guide you.

Last updated on 2019-12-13


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Sharekhan User Reviews

avatar
38. Rajeev Patel 4/9/2020 9:55:54 AM Reply
Its good platform for trading.

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
37. wertyuiop 1/14/2020 12:39:27 PM Reply
qwertyuio

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
36. SURENDRANATH KAIRI 6/14/2019 10:17:38 PM Reply
Please make an arrangement to inform new investors about the market status/position (such as recent Biocon split & 50% of shares became locked.New Investors are facing HUGE LOSS along with stop Trading.
avatar
35. MAHESH LAD 2/13/2019 10:53:36 PM Reply
WANT TO OPEN DEMAT ACCOUNT.
RIGHT NOW I AM AT USA
avatar
34. Siddhesh Zope 1/29/2019 1:28:58 PM Reply
Do we provide sub- broker with small quantum
avatar
33. K Rajeswari 1/22/2019 9:34:42 AM Reply
I had a trading account in Sharekhan online trading agency. I find that Sharekhan is n0w acquired by BNP Paribas. I find that I am no longer able to login to Sharekhan site. I hold some shares in the original Sharekhan firm. What should I do ?
avatar
32. DEEPAK SINGH BISHT 1/14/2019 12:33:56 PM Reply
Very pathetic customer service & on top that their high brokerage charges which is not justified at all.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
31. Pradeep Malani 10/16/2018 1:58:25 PM Reply
Sir ,
I want to open account for commodity trading. Let me know the documents I need to submit. Also I want to know margin money percentage & what is the brokerage charges for intraday trading.
avatar
30. Deepak Singh Bisht 10/10/2018 4:53:10 PM Reply
Very poor trading sites in comparison of its competitor as most of the new investor who start trading lost a big chunk of their hard earned money just because of no proper knowledge & heavy brokerage charges of sharekhan which is not justified at all.
Also their support service is very poor.

Ratings:

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

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