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.
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.
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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.
|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)|
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 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|
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.
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 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.
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.
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.
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.
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 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.
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 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.
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.
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.
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.
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.
Last updated on: 2022-08-05
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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