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 that 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 starting investing using their products and services.

Sharekhan Highlights
Broker Type Full Service Broker
Demat Account AMC Rs 400 (Free for 1st year)
Margin Required 75% Margin
Intraday Brokerage 0.50%
Delivery Brokerage 0.10%
Exposure Upto 5x


What do you know about Sharekhan?

Sharekhan is a name that needs no introduction in the share market and amongst 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 Shripal Morakhia who based the firm in the city of Mumbai in India. The private firm is a full-service broker which means it provides all kinds of services and products to the investors.

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

About Sharekhan 
Know a few details about Sharekhan 
Which type of Company is it? – Public / Private Private
Which type of Broker is it? – Full Service / Discount Full-Service Broker
Where is the registered office of the Company Located? Mumbai, India
Who is the Founder of this Company? Shripal Morakhia
When did the company start? 2000

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

    Sharekhan Account Opening can be done with Rs. 0 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 to pay any annual maintenance amount for the Sharekhan Demat Account of Rs 400 (Free for 1st year) 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 a 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? Rs 0 (Free)
    How much is the Demat AMC? Rs 400 (Free for 1st year)
    What is the Trading AMC? Rs 0 (Free)
    What is the initial Margin amount required? 75% Margin
    Is dematerialization available? Yes

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    Does Sharekhan provide any Offers to their Clients?

    The Sharekhan Offers are there for your benefit 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 a flexible brokerage plan which we will discuss below and that is of great benefit to 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 a Free Demat A/C offer? No
    Does the broker provide Free Trading A/C offer? Yes
    Is this broker offers a Discount on Brokerage? Yes
    Does the broker offer Happy hour trading to their clients? No
    Is the broking house provides a flexible brokerage plan? Yes
    Does the broker offer 1-month Free brokerage? Yes
    Are the Holiday offers provided by the broker? No
    Are there any referral offers shared by the broker? Yes
    Zero Brokerage for Loss-Making Trades No

    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 compared to other brokers of its stature and reach, the charges are quite low. For the intraday 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 are Rs. 50 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? 0.10%
    What are the Equity Intraday Charges? 0.50%
    How much brokerage charged for Commodity Trading? 0.03%
    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 is the Minimum Brokerage required? Rs.20
    What is the Demat AMC? Rs 400 (Free for 1st year)
    How much is the Trading AMC? Free
    What is the Minimum Margin Required? 75% Margin

    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 the government. So, these charges are similar to any other share-broker and hardly vary. While the transaction charges here need a mention as it is lower compared to other peers in the industry.

    Sharekhan Charges
    Get a deep understanding of all other charges levied by Sharekhan 
    How much are the Transaction Charges levied? 0.00275% 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
    What are the SEBI Turnover charges? 0.00005% (₹5/Crore)
    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)

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    What is the Limit or Exposure offered by Sharekhan?

    Sharekhan Exposure provided for the clients are up to 5 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 this 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?  1x
    What is the limit on Equity Intraday? Upto 5x
    How much is the limit on Equity Futures?  1x
    What is the limit on Equity Options?  1x
    What is the exposure on Currency Futures?  1x
    How much is the leverage on Currency Options?  1x
    What is the limit on Commodity Trading?  1x

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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 on 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 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 from your mobile or computer or online or from your Tab, the firm has all kinds 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 a 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 now see each of the trading platforms in detail –

      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 produces reports and other information which all are available on the platform
      • You can do your customization on the platform to make it more convenient
      • You can place a variety of orders including advanced ones like bracket orders and others

      Sharekhan Mobile Trading App – Features

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

      The Sharekhan Web Trading Platform – Features

      • This platform offers a ‘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 from using this one platform only.

      For internet users, who want to trade using the internet but have a bandwidth of 2G, there is another trading platform offered by Sharekhan which is known as Sharekhan Mini. It is the 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
      Is this software 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
      Does this software provide Personalized Advisory? Yes
      Are these platforms capable of Interactive charting? Yes
      Do these Apps provide Live Markets data? Yes
      Do they provide SMS Alerts? Yes
      Are they providing Email Alerts? Yes
      Do these platforms have a 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 instruments. The firm even provides mutual funds and SIP investments to trade and invest.

      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 products available? Yes
      Do they provide Options trading? Yes
      Are the clients allowed to trade in Futures? Yes
      Do they have Mutual Funds as a 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 5x

      Does Sharekhan provide Research & Advisory to their clients?

      Sharekhan Research and Sharekhan Advisory services are counted among 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 their clients and investors.

      The research services include all the possible features of 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 share Fundamental Reports? Yes
      Does the broker share Research Reports? Yes
      Do they provide Company Reports to their clients? Yes
      Are they analyzing the Annual Reports of Companies? Yes
      Do they share Company Stock Reviews? Yes
      Are they sharing Free Stock Tips with 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 Managers 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 the Customer Care Service of Sharekhan 
      Are they providing Dedicated dealers 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 the same as the other exchange, where you can see there were 198 complaints, out of which 184 have 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 a dedicated research and advisory team which works to provide the best opportunities for the clients.
      • The products and service range is huge and covers most of the products available in the market.
      • Their customer care service is available for your issues and queries all around the clock.

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

      Sharekhan Review suggests that the clients are happy clients with their overall 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 Advisory 7.5/10
      Brokerage & other Charges like – Turnover, Transaction Charges, etc. 7.0/10
      Types of Products & Services the Brand provides 6.5/10
      Performance Mobile App, Trading Terminal & Web Trading Platform 7.0/10
      Experience in the Broking Business 7.5/10
      Total Avg. Rating of Broking House 7.1/10
      Star Rating of given to Stock Broker ★★★★☆
      Number of People Contributed to These Ratings 1236

      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 has 5 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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