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Sharekhan is one of the best full-service brokerage houses in India with smart trading platforms like Trade Tiger and Sharekhan Mobile App, Portfolio Management Service, Free research reports, MF investment through Sharekhan Insta MF Platform.
There are a lot of reasons on “Why to choose Sharehan”. Here are the details:
Sharekhan is the Mumbai-based full-service broker offering online trading in equity, derivatives, commodity, currency, IPO, mutual funds, bonds, and Portfolio Management Service (PMS). It is one of the best brokerage houses after ICICI and HDFC Securities with an active client base of 17 lakh+ customers. It provides a complete investment solution to cater to the trading and investment requirements of individuals, NRIs, HNIs, and corporates.
Being a full-service broker, Sharekhan also offers free research including market research, sector-research, company-research, and commodity research. It has further categorized its research for traders, investors, and mutual fund investors. The broker also provides online learning tutorials, courses, and web-based training to provide stock market education.
The brokerage firm offers state-of-the-art trading platforms. Sharekhan Trade Tiger Trading Terminal is one of the flagship trading platforms for active traders with a powerful charting feature. It further facilitates mobile users to trade through Sharkehan Mobile Trading App and Sharekhan Mini App for low bandwidth internet users. Customers can open a Free Sharekhan Mutual Fund Account to undertake online MF investment through the Sharekhan Insta MF Platform – Insta MF App.
Sharekhan serves customers offline too through its 3200+ branches and sub-broker offices across 575 cities all over the country. Customer support is highly valued by the broker and to meet every client’s expectation, it provides support services over E-mail, Chatbot, call center, toll-free number. Further, Free Call & trade, intraday trading calls, margin trading funding, MF Robo-advisory services (Sharekhan NEO), loans against securities, etc. are the key benefits to trade with Sharekhan.
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Here we are comparing Sharekhan with its 5 close competitors, who are currently market leader in brokerage industry.
|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 10|
|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||Free|
|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 10 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 10 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 10|
|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||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 10|
Indian residents as well as NRI clients are allowed to trade with Sharekhan. Residents can open a Sharekhan 2-in-1 account whereas NRIs can open a Sharekhan 3-in-1 account (Demat + Trading + NRE/NRO bank account). Here are the details of Sharekhan accounts offering;
Holding financial securities in a computerized or electronic format is only possible through the Sharekhan Demat Account. Whenever anyone purchases security it will be credited to the Demat account. At the time of security sale, it will be debited from demat Account. Sharekhan offers Free Demat Account at zero charges whereas Demat AMC of Rs. 400 from 2nd year onwards is chargeable.
It is an account from where buy and sell orders are placed. Likewise Demat, people can open a Free Sharekhan Trading Account at nil charges and also do not charge any AMC. The account facilitates online trading in equity, F&O, commodity, currency, IPO, and bonds.
NRIs can open a 3-in-1 account with Sharekhan (Demat + Trading + NRE/NRO bank account). Notably, the bank account must be with HDFC, IDBI, IndusInd, and Axis Bank. NRIs can trade-in equity delivery, derivative, IPO, and mutual funds. They are not allowed to trade-in intraday, commodity, and currency segments.
As the name itself, the account facilitates commodity trading. Those who want to trade-in commodities must open Sharekhan Commodity Trading Account. The full-service broker levies 0.10% commodity brokerage charges and offers up to 2X margin.
This is the most popular mutual fund account, called Sharekhan Insta MF Account. One who wants to invest in mutual funds can open Sharekhan Insta MF Account online. It offers a 100% free mutual fund account and allows online MF investment in regular schemes. Mutual fund investment through Sharekhan is possible through the Sharekhan Insta MF account, or Sharekhan website, or Sharekhan mobile app as well.
The full-service broker provides the best state-of-the-art trading platforms to users that are enumerated underneath:
It is a free mobile trading app that allows trading at your fingertips. Sharekhan mobile app is available on Android as well as iOS devices and facilitates online trading on BSE, NSE, MCX, and NCDEX. Live Marketwatch, market news, technical charting, Advanced F&O search, Pattern finder tool, etc. are some of the interesting features available on the mobile app.
Sharekhan Trade Tiger is one of the best installable trading terminals in India. The flagship platform is extremely useful for professional traders. Trade Tiger can be downloaded on a Desktop or a laptop. The Multiple exchange trading platform provides a lot of intuitive features like Heat maps, stock scanner, best charting, advance orders, one-click filter, and many more.
web.sharekhan.com is the official Sharekhan website. Customers can visit the Sharekhan web portal, log in with their Sharekhan trading account credentials, and start trading. The web-based user interface is so simple, compatible with any browser, and easy to use.
The mini mobile app is designed for low internet bandwidth users (2G access). Sharekhan Mini app comes with all kinds-of-features like streaming watchlist, single-touch access, live reports, secure fund transfer, online tools, and calculators, etc. It allows online trading in equity, F&O, commodity, currency, and mutual funds.
Insta MF mobile app is the Sharekhan online mutual fund investment platform. Insta MF is a Free MF investment app that allows investment in regular schemes through SIP or lumpsum. The single mobile app makes it easier to manage and track mutual fund portfolios with greater ease.
For detail review of mobile app and download please visit Sharekhan Trading Platform Review.
Sharekhan with a huge clientele base of 17 lakh+ customers is a reputed broker in the industry. Although, on the brokerage front, it charges a bit higher brokerage fee than other brokers but also comes with superior services too such as smart and super-fast online trading platforms like Trade Tiger and Sharekhan Mobile App, free Sharekhan research, trading calls, Free dial-n-trade, etc. Unlike many discount brokers who focus to deliver online services only, Sharekhan with a strong offline presence serves customers offline too through its branches and sub-broker offices spread all over the country.
Last updated on: 2022-04-19
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.
Sharekhan AMO market order timings
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:
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
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
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:
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