In this article, you will read about the Sharekhan Brokerage Charges, and other Sharekhan Charges which will help you understand the expenses of trading with this firm.
Sharekhan is a premier stockbroker in the country with a huge presence across the different cities and towns of the nation with a wide clientele. The services and products provided by the firm have always created opportunities for traders and investors and helped them in achieving their targets in the market.
We will discuss the various charges starting from the brokerage charges to the transaction charges and we will also answer a few of the queries that most of the traders have about these charges levied by Sharekhan.
|Equity Delivery Trading||0.10%|
|Equity Intraday Trading||0.50%|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
What are the Sharekhan Brokerage Charges?
|What are the Equity Delivery Charges?||0.10%|
|What are the Equity Intraday Charges?||0.50%|
|What is the brokerage on Equity Futures?||0.10%|
|How much brokerage charged for Equity Options?||Rs 50 per lot|
|What is the brokerage on Currency Futures?||0.10%|
|What is the brokerage on Currency Options?||Rs.30 per Lot|
|How much brokerage charged for Commodity Trading?||0.03%|
|Brokerage Calculator||Sharekhan Brokerage Calculator|
The Sharekhan Brokerage Charges as you can see in the above table is 0.5% for the intraday trades. For the intraday segment, futures, and commodities, the brokerage is 0.1% which is levied on the transaction value.
For the equity options, it is Rs.100 per lot, and Rs.30 for the currency options segment. You can easily calculate your brokerage on each trade by using our Sharekhan brokerage calculator. It will help you understand the cost of the trade before you place the order.
Coming back to the charges, if you compare the charges with other brokerage houses, you will find that the charges are a little on the higher end. The brokerage on the equity options is one of the highest in the market while the charges for the other segments are also quite high.
However, the charges are high given the fact that the firm provides various facilities to the customers which are not provided by other firms.
Open Demat Account with Sharekhan Now! – Fill up the Form
What are the Sharekhan Account Opening Charges?
|Account Opening Charges|
|Are there any Trading Account Charges [One Time]?||Rs. 0|
|How much is the Trading Account AMC [Yearly]?||Rs. 0|
|Are there any Demat Charges [One Time]?||Rs. 0|
|How much is the Demat AMC [Yearly]?||Free or Rs. 400|
|Is any minimum Margin Money required?||75% Margin|
Sharekhan Trading Charges are nil. For opening the trading account as well as for maintaining it, you do not need to pay any amount. Sharekhan Account Opening Charges and AMC are completely free of cost. Sharekhan also provides a Demat account for free and only charges maintenance on it.
The maintenance charge on Demat account is Rs.400. However, it can be free as well provided you avail of the offers which are rolled out by the firm from time to time. The minimum margin money requirement of the firm is set at 75% Margin.
This is comparatively quite low as the firm is one of the premier stock brokers and firms at its stature ask for high-margin money in the trading account in general.
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|ICICI Direct Charges||Prabhudas Lilladher Charges||Yes Securities Charges|
|IDBI Direct Charges||Profitmart Charges||Zerodha Charges|
|IIFL Charges||Angel Broking Charges||Sharekhan Charges|
What are the Sharekhan Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||NSE: 0.00325% and for BSE: 0.00275%|
|What are the Transaction Charges for Equity Intraday?||NSE: 0.00325% and for BSE: 0.00275%|
|How much is the Transaction Charges for Equity Futures?||NSE: 0.00190% and for BSE: 0.00050%|
|How much is the Transaction Charges for Equity Options?||NSE: 0.0500% and for BSE: 0.00050%|
|What are the Transaction Charges for Currency Futures?||NSE: 0.00135% and for MCX: 0.00130%|
|What are the Transaction Charges for Currency Options?||NSE: 0.04220% and for MCX: 0.03220%|
|Any Transaction Charges for Commodity Trading?||MCX (Non-Agri):0.00230% and for MCX (Agri): 0.00095%|
The Sharekhan Charges towards the transactions are quite at par with the market. The Sharekhan Transaction Charges for the equity delivery segment are 0.00325% if you trade on the NSE platform and 0.00275% for the BSE platform.
Similarly, for the cash segment, it is 0.00325% and 0.00275% for the NSE and BSE platforms respectively. You can also check the other charges as given in the table, and you can understand that the transaction charges vary for each of the segments and also on different exchanges.
Likewise, the transaction charges for the non-agricultural stocks on MCX are 0.00230% while for the Agri stocks, it is 0.00095%. The transaction charges need to be calculated well to assess the actual cost you would incur on trading the stocks.
What are the other remaining Sharekhan Charges?
|How much is the Transaction Charges levied?||0.0002% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on the sell side (Non-Agri)
Commodity Options: 0.05% on sell-side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell-side
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs 20 per instruction|
|Any charges for Account Closure?||Rs 25 per instruction|
|What are the Dematerialisation Charges?||Rs 5 per certificate|
Along with the brokerage and the transaction charges, a few necessary Sharekhan Charges / Govt Charges need to be taken into account. As mentioned in the table, the charges include the transaction charges of Sharekhan itself which is 0.0002% and is levied in the total turnover.
Then, there are the STT charges which are charged at a rate of 0.0126% on the total turnover amount. Apart from these two, there are stamp duty and GST charges as well which are charged by the government.
For the reactivation purpose, there are other charges which are Rs.20 for each of the segments you need to reactivate. You do have to pay Rs 25 per instruction charges towards the account closing which is a good facility. The charges for the dematerialization of shares are only Rs.5 which is another benefit.
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General FAQs on Sharekhan Charges
Let’s have a look at the FAQs on Sharekhan Charges:
Does Sharekhan provide fixed brokerage options?
No, there is no fixed brokerage scheme or options provided by Sharekhan.
Does Sharekhan have different brokerage charges for penny stocks?
No, Sharekhan does not provide any different brokerage charges on penny stocks.
Can I calculate Sharekhan brokerage even before I place a Trade?
Yes, you can easily calculate the brokerage charges on your trades before placing the order on the trading platform.
Can I calculate Sharekhan margin / limit / exposure?
Yes, on the Sharekhan platform, you can easily calculate the margin money/balance available in the trading account. Then you can calculate the limit or the exposure on the trades and segments.
Is there any account opening fees by Sharekhan?
No, the firm charges no account opening fees. You can open the trading and Demat account completely free of cost.
Is there any AMC levied by Sharekhan?
Yes, there are annual maintenance charges which are levied on the Demat account only. There is no AMC on the trading account.
Sharekhan Charges – Conclusion
The Sharekhan Charges as you have read above if compared with the other firms might get on the higher side of the scale. However, the efficiency of their services and the range of their products completely justifies the charges they levy on the trade.
On top of that, Sharekhan Demat Charges are free; you can open the Demat and the trading account for free which is a benefit to the customers.
You need to be aware of all these charges if you are trading on the Sharekhan platform and if you are about to open an account then you need to know these charges to be wise in your choice also this will help you compare it with other stock broking houses.
Open Demat Account with Sharekhan Now! – Fill up the Form
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