Sharekhan Review, Special Offers, Demat, Trading A/C and Brokerage

Sharekhan is one of the revolutionary share brokers in the industry. It has given a new prospect to the share brokers apart from the clients in various ways in trading. The article below is a Sharekhan Review where you can read all about this full-service broker.

This full-service broker offers free Demat accounts and various such offers are there which you can explore. This article will cover all such offers apart from the brokerage plans, other charges and many other details about the stockbroker that you would like to know before start investing using their products and services.

Sharekhan Highlights
Broker TypeFull Service Broker
Demat Account AMCFree or Rs.300 per Annum
Margin RequiredZero
Intraday Brokerage0.10%
Delivery Brokerage0.50%
ExposureUpto 32x


What do you know about Sharekhan?

Sharekhan is a name that needs no introduction in the share market and amongst the traders. It is named that everybody reckons with great value services and products in the share trading business.

The firm was started in the year 2000 by Jaideep Arora who based the firm in the city of Mumbai in India. The private firm is a full-service broker which means it provides all kind of services and products to the investors.

According to the Sharekhan Review and ratings by clients and customers, the firm has been topped the list in many aspects which will be discussed below in different sections of this article.

About Sharekhan 
Know few details about Sharekhan 
Which type of Company is it? – Public / PrivatePrivate
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Mumbai, India
Who is the Founder of this Company?Jaideep Arora
When did the company started?2000

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What are the various Demat Account Opening Charges levied by Sharekhan?

Sharekhan Account Opening can be done with Rs. 300 and that can also be waived off provided there are some offers which you can avail. This is a very nominal amount itself and if you can waive off that too, it’s your profit. The stockbroker is a depository participant of both CDSL and NSDL and thus you get your Demat account with them.

You need not pay any annual maintenance amount for Sharekhan Demat Account and trading account and maintenance of the account with Sharekhan is completely free of cost.

You will be more amazed when you know that the firm charges no margin money as well. Isn’t that great news?

You can also get dematerialization option with this firm which is rare these days.

Sharekhan Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with Sharekhan 
Which is the Depository Participant involved?NSDL & CDSL
What are the Demat account opening charges?Zero
How much is the Demat AMC?Free or Rs.300 per Annum
What is the Trading AMC?Free
What is the initial Margin amount required?Zero
Is dematerialization available?Yes

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Does Sharekhan provide any Offers to their Clients?

The Sharekhan Offers which are there for your benefit is like free maintenance of the Demat and trading account, even account opening can also be free. Then you will get one month’s brokerage free while you enroll with this firm.

The firm provides flexible brokerage plan which we will discuss below and that is of great benefit for the clients. If you are feeling a little pinch in the pocket due to the brokerage, then don’t worry, there are various discounts available as well for the brokerage to slash down.

If you are a person who wants to earn by referring to the firm, you get the option. The firm has its referral program where you can join and earn some extra cash and rewards from the firm for referring interested clients to the broker.

Sharekhan Offers
Here are the various offers provided by Sharekhan 
Does the broker provide Free Demat A/C offer?Yes
Does the broker provide Free Trading A/C offer?Yes
Is this broker offers Discount on Brokerage?Yes
Does the broker offer Happy hour trading to their clients?No
Is the broking house provides flexible brokerage plan?Yes
Does the broker offer 1 month Free brokerage?Yes
Is the Holiday offers provided by the broker?No
Are there any referral offers shared by the broker?Yes
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by Sharekhan on various Segments?

As you can see in the table given above, the Sharekhan Brokerage Charges are quite nominal and actually compared to other brokers of its stature and reach, the charges are quite low. For the delivery section, you may say the charge of 0.50% is a little high but for the other segments, you can trade at 0.1% whether it is futures, commodities, currencies or anything.

The options you can trade at Rs. 100 per lot which is high compared to other brokers but that is only for equity options, currency options are available as you can see at only Rs. 30 which is at par with the industry average.

Sharekhan Brokerage Charges 
Here you will find details of brokerage levied by Sharekhan on all segments
What are the Equity Delivery Charges?0.50%
What are the Equity Intraday Charges?0.10%
How much brokerage charged for Commodity Trading?0.10%
What is the brokerage on Equity Futures?0.10%
How much brokerage charged for Equity Options?Rs.100 per Lot
What is the brokerage on Currency Futures?0.10%
What is the brokerage on Currency Options?Rs.30 per Lot
How much is the Minimum Brokerage requires?Rs.20
What is the Demat AMC?Free or Rs.300 per Annum
How much is the Trading AMC?Free
What is the Minimum Margin Required?Zero

Does Sharekhan levy any other charges apart from Brokerage?

The other Sharekhan Charges are mentioned above in the table and if you are aware of the trading procedure and charges, you should know that these charges are mandatory by SEBI and government. So, these charges are similar to any other share-broker and hardly vary. While the transaction charges here needs a mention as it is lower compared to other peers in the industry.

Sharekhan Charges
Get deep understanding of all other charges levied by Sharekhan 
How much is the Transaction Charges levied?0.00275% of Total Turnover
What are the STT charges?0.0126% of Total Turnover
What are the SEBI Turnover charges?0.0002% of Total Turnover
How much is the Stamp Duty levied?Depends on State (very minimal)
How are the GST charged?18% of (Brokerage + Transaction Charges)

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What is the Limit or Exposure offered by Sharekhan?

Sharekhan Exposure provided for the clients are up to 32 times in the equity intraday segment. You must be wondering and reading the line again, don’t you? However though you have all the reasons to distrust your eyes, this is true.

The firm provides up to such high leverage for this segment. It is the highest in the industry as of now. Apart from this segment, the leverage in other segments, as you can see is also higher than most of the other stockbrokers.

The Sharekhan Margin requirement is nil as we have already stated above, and providing these huge leverage against no margin is truly unconventional but beneficial for the traders.

Sharekhan Exposure or Leverage
Here you will find the exposure or limit provided by Sharekhan 
How much is the limit on Equity Delivery?Upto 15x
What is the limit on Equity Intraday?Upto 32x
How much is the limit on Equity Futures?Upto 15x
What is the limit on Equity Options?Upto 10x
What is the exposure on Currency Futures?Upto 8x
How much is the leverage on Currency Options?Upto 10x
What is the limit on Commodity Trading?Upto 10x

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How to Open Sharekhan Demat & Trading Account?

To Open Sharekhan Demat Account you have to follow the following steps –

  1. Can you see a button on this article on which “Open Demat Account” is mentioned? Click on that once you find it
  2. You will land in a different webpage where you have to enter all your details and then you have to upload the documents required by the firm
  3. The documents generally required are PAN, AADHAAR, Voter ID, Bank Statement, Address proof, and others.
  4. Then once you are done with the above steps, you will receive a call from the executives of Sharekhan and they will take you through the remaining of the process.
  5. The account will be opened within a few hours of your application provided it is approved.

To Open Sharekhan Trading Account, you do not need to do anything as it is opened along with the Demat account only. Sharekhan provides a 2-in-1 account.

What are the various Trading Platforms provided by Sharekhan?

There are different Sharekhan Trading Platforms for every investor. Whether you want to trade form your mobile or computer or online or from your Tab, the firm has all kind of platforms to offer.

Sharekhan Trading Terminal: Sharekhan TradeTiger

The trading terminal of Sharekhan is TRADETIGER which is one of the most popular trading terminals at present. It has lot of features which will discuss in the next section. However, what makes it different is its charts and advanced tools.

Sharekhan Mobile App: Sharekhan Mobile Trading App

You can do all your trading from your mobile. The application contains advanced tools and charting options as well. You can even learn a lot from this application using the Sharekhan Classroom.

Sharekhan Web-based trading platform: Sharekhan Web Trading

This is the online web-based platform for trading where you will find all the features of the trading terminal and all the products to trade under one roof.

Sharekhan Trading Platforms
Here you will find all the important trading platforms available with Sharekhan 
Do they have Trading Terminals for Windows?Yes
Do they have Trading Terminals for Mac?Yes
Are they providing Web Trading Platform?Yes
Do they have Mobile Web Platform?No
Does this broker provide Mobile Trading App for Android?Yes
Does this broker provide Mobile Trading App for iOS?Yes
Are they having Mobile App for Windows OS?No
Do they have Mobile Trading App for Other OS?No

What are the features available in Sharekhan Trading Applications?

Let’s us now see each of the trading platforms in details –

Sharekhan Trading Terminal – Sharekhan Tradetiger Features

  • It has one of the best charting systems. You can take all your trading decision after properly analyzing the market and the stock using these charts
  • The terminal is loaded with advanced tools like heatmap or others which lets you trade with a click and within a blink of an eye
  • The terminal is also loaded with an online tutorial to understand the terminal better itself
  • The research and analysis wing produce reports and other information which all are available on the platform
  • You can do your own customization on the platform to make it more convenient
  • You can place a variety of orders including the advanced ones like bracket orders and others

Sharekhan Mobile Trading App – Features

  • It has advanced search options which help in smooth trading, setting alerts, viewing share quotes and others
  • You can track all your options contract and positions on one single page using the feature called Option Chain
  • You get to trade currencies, equities, commodities using this single application
  • Variety of charts and studies options are available with the application which you can use to boost your knowledge

Sharekhan Web Trading Platform – Features

  • This platform offers ‘MY Portfolio’ feature where you can track all your investments under one tab
  • It has a smart search option to get you instantly to the options and features you want
  • There is a stock page where you can find all the information of the listed companies, you can modify it as per your need and the stocks you want to see
  • The platform also connects you directly with the customer care executives of the firm via an online chat option
  • There are a variety of options to trade form using this one platform only.

For the internet users, who wants to trade using the internet but has a bandwidth of 2G, there is another trading platform offered by Sharekhan which is known as Sharekhan Mini. It is lightest and has a quick interface. It is easily accessible and compatible and consumes low internet and energy.

Sharekhan Trading Application Features
Here you will find various features available in Trading Platforms provided by Sharekhan 
Are these platforms capable of Real time Updates?Yes
Do these Applications provide Portfolio Details?Yes
Are this software’s providing Online MF Buy?Yes
Do these platforms have News Flash?Yes
Are these platforms providing Research Reports?Yes
Are these platforms Easy to Install & use?Yes
Do these Apps have Global Indices?Yes
Are these platforms having Stock Tips?Yes
Do this software’s provide Personalized Advisory?Yes
Are these platforms capable of Interactive Chartings?Yes
Do these Apps provide Live Markets data?Yes
Do they provide SMS Alerts?Yes
Are they providing Email Alerts?Yes
Do these platforms has Multi Account Management solution?Yes

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What are the various Products provided by Sharekhan?

The list of Sharekhan Products as you can see in the table above contains almost all the products that you know exist in the share market. Except for a few like the forex or the banking related products, those aren’t available.

You can get all your trading instruments under one roof and you do not have to consider any other broker for trading various financial instrument. The firm even provides mutual funds and SIP investments to trade and investment.

Sharekhan Products
Here are the various products provided by Sharekhan 
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?Yes
Do they have Currency Trading product available?Yes
Do they provide Options trading?Yes
Are the clients allowed to trade in Futures?Yes
Do they have Mutual Funds as product?Yes
Does the broker allow Forex trading?No
Does the broker have Banking products?No
Is SIP allowed by the broker?Yes
Do they have Insurance as a Product?No

What are the various Services offered by Sharekhan?

The Sharekhan Services range is wide and maybe there are any stockbroking services they do not have. Whether it is Demat and trading services which are the fundamentals or the PMS services and they also have ROBO Advisory which is very rare in the market at present.

You can even use their knowledge center to increase your ideas and knowledge about the share market as a whole.

Sharekhan Services
Check out the various services provided by Sharekhan 
Does the broking house provide Demat Services?Yes
Does the broking house provide Trading Services?Yes
Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?No
Do they provide Intraday Services?Yes
Are they offering IPO Services to the client?Yes
Do they have Stock Recommendations available?Yes
Are they providing tools for Robo Advisory?Yes
Does the broker provide PMS?Yes
Do they have Trading Institution available?Yes
What is the Trading Exposure this broker provides?Upto 32x

Does Sharekhan provide Research & Advisory to their clients?

Sharekhan Research and Sharekhan Advisory services are counted amongst the best in the industry. The Sharekhan Tips on stocks and their recommendations are bang on. They have a dedicated team of professionals who are working day and night to research the best stocks for its clients and investors.

The research services include all the possible features like fundamental reports to the annual reports and all those services as mentioned in the above table.

Sharekhan Research, Advisory & Stock Tips
Here are the various research activities done by Sharekhan 
Does the broker shares Fundamental Reports?Yes
Does the broker shares Research Reports?Yes
Do they provide Company Reports to their clients?Yes
Are they analysing Annual Reports of Companies?Yes
Do they share Company Stock Review?Yes
Are they sharing Free Stock Tips to their clients?Yes
Do they analyze & share IPO Reports?No
Does the broking company provide Top Picks?Yes
Are they sharing Daily Market Review?No
Do they have Monthly Reports?Yes
Does the broker provide Weekly Reports?Yes
Are they having Offline Advisory?Yes
Do they provide Relationship Manager to clients?Yes

What are the Customer Care details of Sharekhan?

The dedicated Sharekhan Customer Care provides 24/7 services to its customers. You can reach them for all your queries and they do also have a dedicated dealer service. You can reach them at 1800227500 or email them. They come up with relevant solutions for your issues within no time. They also have branches across the country.

Sharekhan Customer Support
Let’s have a better understanding of Customer Care Service of Sharekhan 
Are they providing Dedicated Dealer to their clients?Yes
Do they allow Offline Trading?Yes
Do they have facilities for Online Trading?Yes
Are they providing 24*7 Support?Yes
Does this broker provide Email Support?Yes
Is this broker having Chat Support?1800 22 7500
How many Branches the stock broker has?126

Are there any Complaints filed against Sharekhan by their clients?

The Sharekhan Complaints registered in the previous year with NSE are 218 out of which they have resolved 217 which shows the dedication towards the clients and the firm thinks about the client’s benefit. It is same over the other exchange, whereas you can see there were 198 complaints, out of which 184 has been resolved.

Sharekhan Complaints
Here you will know about the Complaints lodged against Sharekhan 
What is the total number of Complaints Lodged in BSE?198
How many of these complaints have been Resolved in BSE?184
What is the total number of Complaints Lodged in NSE?218
How many of these complaints have been Resolved in NSE?217

What are the Advantages / Benefits of Sharekhan Trading Account?

The benefits of having a Sharekhan Trading Account are –

  • You get to trade without keeping any margin money
  • The exposure of the trading accounts is huge as you have seen above. That helps in trading without worrying about your margin in the trading account.
  • They have dedicated research and advisory team which works to provide the best opportunities for the clients.
  • The products and services range is huge which covers most of the products available in the market.
  • Their customer care service is available for your issues and queries all round the clock.

What are the Sharekhan Review & Ratings as per their Customer?

Sharekhan Review suggests that the clients are happy clients with their overall all the offers and the products and services. The investors are happy with research and services, products and services and trading terminals.

So, the overall Sharekhan Rating is 7.1 out of 10 which is justified. The clients have rated their experience within the firm at 7.5 which is a great sign that the firm takes care of the need of the clients and offer them what they need for investment.

Sharekhan Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory7.5/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.7.0/10
Types of Products & Services the Brand provides6.5/10
Performance Mobile App, Trading Terminal & Web Trading Platform7.0/10
Experience in the Broking Business7.5/10
Total Avg. Rating of Broking House7.1/10
Star Rating of given to Stock Broker★★★★☆
Number of People Contributed to these Ratings1236

Sharekhan Conclusion

Sharekhan with all its services and products has evolved as one of the best brokers in the market. You can trade with this broker with no margin money in your trading account and that too having 32 times of exposure.

The firm has created a niche for itself in the field of trading which is noteworthy. They also have various other offers and programs to educate the people interested in share trading and the market.

Hope the Sharekhan Review you read above answered all your queries regarding the firm and now you can surely take a decision about opening a Demat account with them.

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