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Sharekhan Brokerage Charges

Best Sharekhan Brokerage Charges Review Online

The Sharekhan is a Stockbroking firm in India with a strong online using platform and winner of “Best Financial Website”. It was one of the first brokers to offer online trading in India. Sharekhan was incorporated in February 2000. It is spread over 575 cities having 150+ branches and has over 4800+ employees, more than 14,00,000 customers in India and 2,600+ business partners. It also have international presence in the UAE and Oman. CEO of this huge firm is Jaideep Arora. The chain of franchises of sharekhan are located in almost every part of India and has a great growth over past years. They offers free seminars and workshops for their customers many times a year and provide trade execution services through multiple channels such as Internet, telephone and retails outlets. Sharekhan was awarded with the title “Top Domestic Brokerage Home” four times by Euro and Asia money. Sharekhan was originally a part of SSKI Group but now the Parent organization of the sharekhan “BNP Paribas” and it is and a fully owned subsidiary of BNP Paribas since November 2016.

It offers incredible financial products like Equity, Derivative, Currency Trading, Bonds and Systematic investment plans and services to all kind of customers ( investors, traders, corporate, institutional and NRI’s) such as loan against shares, demat account, NRI services, advisory services, Academic services, depository services, securities brokerage, BSE and NSE trade execution, commodities trading facilities on MCX and NCDEX, depository services, investments in mutual fund, ESOP and IPO financing. It is the largest retail brokerage of the nation and 3rd largest in customer base after ICICI Direct and HDFC securities and Executes more than 4 lakh traders per day. Sharekhan provides two Brokerage plans for its customers one as Prepaid and another one is Postpaid. In which the more margin money you have in your account the less percentage of brokerage you need to pay. For instance, If you have a margin amount of RS. 50,000 the brokerage percentage fee will be 0.4%. In Prepaid plan you must have a fixed Pre amount in your account. Sharekhan also offers dedicated educational and training courses for traders and investors in association with the online trading Academy.

Sharekhan offers its customers various types of accounts that they can select as per their requirements.It includes Sharekhan First Step, PMS services through the Sharekhan Platinum Circle Account and Sharekhan classic. Customers can easily open a sharekhan khan saving account for trading online having net banking facilities. It has tie up with various banks- HDFC Bank, CITI Bank, IDBI Bank, YES Bank, ICICI Bank, Union bank, Bank of India, Indusland bank and many more. They provide full customer support both online and offline through their sharekhan representative.They regularly publishes stock tips, financial advices, investment tricks and much more to let their customer be informed about every latest update. They even send e-mail to their customers about these updates regularly. It is a full-service stock broking firm which provides online services from opening an account online to trading and investment.

Various Pricing of Sharekhan1.Stock Broker Charges

Trading Account Opening- RS. 750 (adjusted against first 6 month brokerage) Trading Account AMC- NIL Demat Account Opening- NIL Demat Account AMC- RS. 450Trade Tiger Account- RS. 1000

2.Trading Brokerage Charges

Brokerage plan (Classic Account)Equity Delivery Brokerage- 0.50%Equity Intraday Brokerage- 0.10%Equity Future Brokerage- 0.10%Equity Options Brokerage- Rs 100 per lotCurrency Future Trading Brokerage- 0.10%Currency Options Trading Brokerage- Rs 30 per lotCommodity Trading Brokerage- 0.10%Minimum Brokerage Charges- RS. 10 per scrip

3.Taxes Securities Transaction TaxEquity Intraday- 0.025%Equity Delivery- 0.1%Equity Futures- 0.01%Equity Options- 0.05%Currency Options- NILCurrency Futures- NILCommodities- 0.01%SEBI Charges- RS. 15 per Crore

Goods and services Tax- 18%

4.Transaction Charges

Equity Delivery- NSE RS. 325 and BSE RS. 275Equity Intraday- NSE RS. 325 and BSE RS. 275 Equity Futures- NSE RS. 190 and BSE RS. 50Equity Options- NSE RS. 5000 and BSE RS. 50Currency Futures- NSE RS. 135 and MCX RS. 130Currency Options- NSE RS. 4220 and MCX RS. 3220Commodity- MCX (Non-Agri) RS. 230 and MCX (Agri) RS. 95

Sharekhan.com is its online investment portal platform for Indian Stock market. This website is well designed with attractive features such as the research reports, investment options, mutual funds IPOs and Investing and Trading tools like Advisory Desk, Adviseline, Research, SIP and FortuneFinder. They provide choice for trading platform which includes TradeTiger, ShareMobile, ShareKhanMini, ShareShop, Dial-n-Trade from which the customers can choose their suitable option. They are working upon their best to educate individual investor to make better investment decisions. Sharekhan provides many options for the first timers like a program designed as “FirstStep” to get involved and explore in this company.They also provide mobile applications, “ShareMobile” the best known mobile application of sharekhan that allows users to explore trading facilities on their own mobile phones and provides facilities for trading in all market exchanges. This application also show news, market study, live news and you can directly send money to your sharekhan trading account with the sharemobile application. ShareMobile is available on Google play store as well as Apple play store. This application can be easily installed and operated on Android Smartphones, Blackberry, Iphone and Ipod.

The Ultimate Online Trading Platform offered by Sharekhan is “TradeTiger”. This software is user-friendly and easily used by all kind of customers from the beginner to the experts. They create an environment where a user can feel free to use TradeTiger. It also offers video tutorials for understanding the software better. It is a terminal based trading platform that user can easily download and install onto their Computer or a laptop. The quality of the Software is phenomenal with attractive features like Shortcut Keys, Charting functionality, Single click order placement provision, Different type of Calculators, Stock Scanner and Heatmaps with excellent performance. It allows you to trade and invest in various segments like Equity, Currency, Commodity and Derivatives. They keep this software up-to-date and adds new features for its customers to experience a high quality performance. There are some drawbacks too such as you need to be careful before updating the software sometimes, as it is a heavy software it is obvious to have a decent machine configuration to perform at its best and Mac version for iOs in not available for TradeTiger.

Pros

  1. Customers can freely transfer funds from and to the trading account without any extra charges.
  2. Sharekhan does not charge any fee for share transfer to and from the DP account.
  3. The Higher your Trades are The Lower your Brokerage gets.
  4. It has a wide range among all over the India which makes it the Best.
  5. Sharekhan offers call and trade facilities for free.
  6. Incredible Trading Platforms.
  7. Huge offline personality.
  8. It has branches all over the nation. You can easily find your near by branch.
  9. They allow fixed deposits as a collateral for future.
  10. They offer seminars, workshops, and tips.

Cons

  1. Sharekhan charges for brokerage in % which are higher as compared with flat fee brokers.
  2. The holders of Classic Account cannot trade Commodities.
  3. They does not offer 3-in-1 account facilities.
  4. The minimum charges for brokerage is 10 paisa per stock that would not let you trade your stocks below Rs 20.
  5. Placing orders after trading hours is not available.
  6. Share khan provides Less Margins.
  7. They provide Expensive Brokerage.