SHAREKHAN

4 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 4.0
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 one of the India's Leading full service stock broking firm having most credible name in the share brokerage Industry with 17+ lakhs customers on board and having presence in 575 cities with 2400 offices and franchisees across India.

ShareKhan was founded in year 2000 by SSKI Group and become subsidiary of BNP Paribas in 2016. BNP Paribas is a leading bank in Europe with an international reach.  Sharekhan not only offer online trading facility in equity, derivatives, currency and commodity having membership in NSE, BSE, MCX and NCDEX  but also provide financial services such as investment in PMS, MF, IPOs and bonds; advisory, research reports, online education, NRI services and much more.

Sharekhan Brokerage Charges

ShareKhan offers two brokerage plans: Basic Plan and Annual maintenance Scheme (Post Paid / Pre-Paid). These brokerage plans and the charges have been discussed below.

  • Basic Brokerage PlanBasic Brokerage plan where customers don't have to do any initial deposit. Offcourse, brokerage slabs higher for this scheme. Long-term investors and Customers who are starting to invest in the financial market generally opt for basic brokerage plan. The advantage is that brokerage structure is simpler to understand.

Segment

Charges

 Equity Delivery

0.50% of turnover

 Equity Intraday

0.10% of turnover

 Equity Futures

0.1% of turnover

 Equity Options

Rs 100 or 2.5% of premium per lot, Whichever is higher

 Currency Futures

0.10% of turnover

 Currency Options

 Rs 30 per or 2.5% of premium per lot, Whichever is higher

 Commodities Futures

0.10% of turnover

 

  • Annual Maintenance Scheme -  comes with prepaid and postpaid plans. The idea is simple- more margin money customer put in their account, less brokerage percentage have to pay to the broker. The customer can select either based on his/her needs and switch among plans when required.

                                                                               POST PAID PLAN

Initial Margin

Equity Intraday

Delivery

Futures

Options

Leg 1

Leg 2

Leg1

Leg2 

Next Day



25,000
 

0.10%

0.10%

0.50%

0.10%

0.02%

0.10%
Rs 100 or 2.5% of premium per lot, Whichever is higher

30,000

0.10%

0%

0.50%

0.10%

0%

0.10%

Rs 100 or 2.5% of premium per lot, Whichever is higher

 40,000
 

0.09%

0%

0.45%

0.09%

0%

0.09%

Rs 95 or 2.25% of premium per lot, Whichever is higher

 50,000

0.07%

0%

0.40%

0.07%

0%

0.07%

Rs 80 or 1.50% of premium per lot, Whichever is higher

 1,00,000
 

0.05%

0%

0.25%

0.05%

0%

0.05%

Rs 70 or 1.50% of premium per lot, Whichever is higher

 3,00,000
 

0.04% 

0%

0.20%

0.04%

0%

0.04%

Rs 50 or 1.50% of premium per lot, Whichever is higher

 5,00,000
 

0.03%

0%

0.18%

0.03%

0%

0.03%

Rs 40 or 0.75% of premium per lot, Whichever is higher

 
 10,00,000

0.02%

0%

0.15%

0.02%

0%

0.02%

Rs 30 or 0.60% of premium per lot, Whichever is higher

 20,00,00

0.01% 0% 0.10% 0.01% 0% 0.01% Rs 25 or 0.55% of premium per lot, Whichever is higher

 

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

 

  •  

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


Background
Year of Incorporation 2000
Website www.sharekhan.com
Demat NSDL & CDSL
Exchange Enabled NSE, BSE, MCX-SX, MCX & NCDEX
Platforms
Software
Html5
Android Apps
IOS Apps
Charting
Intraday 30 Days
End of Day 10 Years
Indicators
Coding
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
Online PNL Reports
Online Contract Notes
Tax Ready
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
Brokerage Calculator
Margin Calculator
Brakets Orders
Training & Education