SHAREKHAN

3.5 Overall

Sharekhan was founded by Mumbai-based entrepreneur Shripal Morakhia in 2000.Even being late to the play they kept up their position to the top real fast. Share khan is everyone’s favourite because of their grandeur. The offerings they give are the best in the industry but their research is above average and is not as accurate as the top-notch players like HDFC and ICICI.

Brokerage Charges3.0
Platforms & Tools 3.0
Customer Service 4.0
Cons
  • They charge minimum brokerage of 10 P per stock would not let you trade stocks below 20 rs.
  • Facility to place orders after trading hours is not available.
  • Their brokerage charges are % based which are higher in comparison to flat fee brokers.

Sharekhan Overview

Sharekhan is an online website portal for online trading, investments and stock marketing. The company was founded in February 2000 by entrepreneur Shripal ... largest stock broker portal and has its branches in 575 cities in India.In 2016, Sharekhan has been bought by french bank "BNP PARIBAS".

Sharekhan Brokerage Charges

 

  • Intra-day Trades: 0.1% on the buy side and 0.1% on the sell side.
  • Delivery Based Trades: 0.5% or 10 paise per share or Rs 16/- per scrip whichever is higher.
  • F&O Trades: 0.1% on the first leg and 0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.
  • Options Trades: Rs 100/- per contract or 2.5% on the premium (whichever is higher).
  • Currency Future: 0.1%.
  • Currency Options: Rs 30/- per lot or 2.5% on premium (whichever is higher).
  • Commodity: 0.1%.

Sharekhan Other Charges

>However, Capital One Investing, through Capital One, is the only company (alongside Bank of America Merrill Edge) to offer credit and debit cards, checking and savings accounts, as well as home mortgages.

Sharekhan Platforms & Tools

>Capital One Investing does not offer a formal desktop or web-based trading platform; instead, it relies on its website. Put simply, there isn’t anything for advanced traders to be excited about because active traders are not Capital One Investing's target market. See: 

 

Sharekhan Education & Research

>For research, I found Capital One Investing's coverage of equities, ETFs, and mutual funds to be very strong, thanks to their use of Morningstar as their primary provider. Although the broker purposely supports little more than 1,000 mutual funds for trading (focus on quality over quantity), I was impressed by the depth of research provided.

Sharekhan Customer Service

>Capital One Investing's phone customer service was consistently an enjoyable experience, and we were impressed. Reps were almost always enthusiastic, professional, and helpful. We were on hold for longer than one minute less than 20% of the time and the reps were clearly well trained, always making sure to conclude all calls on a warm closing note.

Sharekhan Closing Thoughts

>Capital One Investing shines in its ease of use; it performs well in research and customer service, but limits its offering of investments and tools desired by active stock and options traders.

 

>Capital One Investing should continue to thrive doing what it does best: offering a great solution for casual investors and those seeking automatic investments, as well as giving current Capital One 360 clients an easy way to access the markets.

 

>Capital One Investing should continue to thrive doing what it does best: offering a great solution for casual investors and those seeking automatic investments, as well as giving current Capital One 360 clients an easy way to access the markets.

 


Background
Year of Incorporation 2000
Website www.sharekhan.com
Demat NSDL & CDSL
Exchange Enabled NSE, BSE, MCX-SX, MCX & NCDEX
Platforms
Software Yes
Html5 Yes
Android Apps Yes
IOS Apps Yes
Charting
Intraday 30 Days
End of Day 10 Years
Indicators Yes
Coding No
Brokerage
Equity Delivery 0.3% - Negotiable
Equity Intraday 0.03% - Negotiable
Equity Futures 0.03% of Turnover - Negotiable
Equity Options Rs 50/lot - Negotiable
Currency Futures 0.03% of Turnover- Negotiable
Currency Options Rs 20/lot- Negotiable
Commodities 0.03% of Turnover- Negotiable
Margins
Equity Intraday Upto 10 Times
Equity Delivery Upto 5 Times (Interest charged)
Equity Options No Leverage
Equity Futures Upto 2 times for Intraday
Currency Futures No Leverage
Currency Options No Leverage
Commodities Upto 2 times for Intraday
Turnover & Other Costs
Equity 0.00325% of Turnover
Equity Futures 0.0021% of Turnover
Equity Options 0.055% of Premium Turnover
AMC Charges Rs 400/year
DP Charges Rs 30 or 0.03% whichever is higher
Commodities 0.0027% of Turnover
Broker Assisted trades Nil
Active Clients
Active Clients 2016 342592
Active Clients 2015 335843
Active Clients 2014 350509
Reporting
Online Trade Reports Yes
Online PNL Reports Yes
Online Contract Notes Yes
Tax Ready Yes
Accounting Opening Costs
Trading Only Rs 750 (Classic Account), Rs 1000 (Trade Tiger Account)
Trading Demat Rs 500 which will be adjusted with brokerage
Commodity Nil
Support & Tools
Research & Tips Yes
Brokerage Calculator No
Margin Calculator No
Brakets Orders Yes
Training & Education Yes