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Sharekhan Stock Broker Review 2024

Rated 4/5 by InvestorGain Team
Last updated on: 4-Mar-2024
Sharekhan Review
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Sharekhan Review 2024 - Quick Summary

Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relationship managers.


Sharekhan Top Highlight for 2024

  • 24+ years of experience
  • Zero account opening charges
  • No Demat AMC for 1st year
  • User-friendly Sharekhan app and web platform
  • Trade Tiger best desktop trading software
  • InvesTiger stock basket recommendations from experts
  • Free trading calls, research, and long-term investment ideas
  • 4200+ sharekhan centres across 100+ cities

About Sharekhan

Sharekhan is one of the most popular full-service brokers in India with over 24 years of experience since its inception in 2000. It is one of the first brokers to introduce online trading in India.

The broker offers a comprehensive range of financial products and services including equities, equity derivatives, currencies, commodities, IPOs, mutual funds, and portfolio management services.

The Mumbai-based full-service broker was earlier part of BNP Paribas, but in December 2023 Mirae Asset acquired the retail brokerage firm Sharekhan.

As every trader or investor has different requirements, Sharekhan offers different services such as Sharekhan One, Super Investor, Super Trader and Sharekhan Classic. In this way, Sharekhan's unique offering caters to different types of customers including retail investors, NRIs, HNIs and institutional investors.

When you trade with Sharekhan, you are charged a fixed percentage of brokerage on the trading volume.

The broker has an information-packed mobile app, web and desktop-based trading and investment platforms. Its Trade Tiger is one of the best trading terminals in the industry with powerful charts, indicators and many analytical tools. The company also has a trading website and a mobile trading app with many analytical features for trading on the go.

Sharekhan has a dedicated team of expert analysts who offer free trading calls and investment ideas. The broker offers free research reports for all segments to all users. Sharekhan's InvesTiger app also provides you with handpicked stock basket investment ideas backed by solid expert research analysis.

What else is on offer? Dedicated relationship manager support, 4200+ branches and partner offices in 1200+ cities across the country, Sharekhan classrooms stock market learning platform are available.

Sharekhan Promotion Offer

Get Free Trading + Demat Account (Rs 1150 waived on account opening) for a limited time. Sign up now

Sharekhan Brokerage Charges - 2024

Brokerage and Commission Rated 2.5/5

Sharekhan charges you a fixed percentage of the brokerage fee on the traded volume.

The broker charges 0.30% for the equity delivery and 0.02% intraday trading brokerage. For trading in the futures segment (equities, commodities and currencies), 0.02% brokerage of the transaction value is charged.

A brokerage of Rs 20 per lot is charged on equity and commodity options trading. For trading in currency options, the brokerage is Rs 5 per lot.

The company does not offer a flat brokerage plan to its customers.

Sharekhan Account Opening and AMC Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 400 PA (Free for 1st year))

Sharekhan Brokerage Plan with closest competitors

Here we are comparing Sharekhan with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Sharekhan 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range 0.1 to 0.5% Rs 20 Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery 0.30% Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.02% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.02% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Rs 20 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.02% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 5 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating

Other Charges

  • Call & Trade Charges: Free
  • RMS Auto Square Off Charges: Free
  • Hidden Charges: No

Visit Sharekhan Brokerage Charges page to check plans, fees, and taxes.

Use Sharekhan Brokerage Calculator to know the exact brokerage charges applicable.


Investment Offerings - Sharekhan 2024

Investment Offerings Compare Sharekhan
Equity Cash and F&O Yes
Currency Deravitives Yes
Commodity Yes
Online IPO Application No
Mutual Funds Yes
Bond / NCD Yes
ETF Yes
Banking No
Insurance Yes
Forex No
MF SIP Investment Yes
Equity SIP Investment No
PMS Service No
Other Investment Options NIL

Type of Account offered by Sharekhan

If you are a resident of India, open a Sharekhan demat and trading account or if you are a non-resident Indian, open an NRI trading account with Sharekhan.

Sharekhan 2-in-1 Account| Trading and Demat Account

You can open a 2-in-1 account or a demat and trading account with Sharekhan.

With the Sharekhan account, you can buy and sell stocks, derivatives, commodities, currencies, IPOs and mutual funds.

Opening an account with Sharekhan is free of charge. Yes, the broker does not charge any account opening fees from its customers. Also, there is no demat maintenance fee for the 1st year and thereafter a fee of Rs 400 is charged.

Sharekhan NRI Trading Account

NRIs can open an account with Sharekhan. Yes, Sharekhan allows NRI customers to invest in stocks, IPOs and mutual funds and trade in the equity F&O segments.

Sharekhan NRI Trading features;

  • Multiple products; Equity, Derivatives, IPO, mutual funds, ETFs, NCDs and Bonds
  • Open a NRI PIS account or non-PIS account, know more
  • Trade on web, app, and TradeTiger terminal
  • Research reports by experts for every asset class
  • Dedicated relationship manager and NRI customer service desk

How to open Sharekhan Account online?

Sharekhan offers a simple, super easy, efficient, and quick account opening process in a fully paperless manner. The process does not take more than 15 minutes to open Sharekhan Investment Account.

Steps to open Sharekhan Trading and Demat Account

  1. Head to the Sharekhan website.
  2. Tap on the “Open an account” option on the top.
  3. Go ahead with a 100% digital account opening process.
  4. Register/sign-in: Enter your name, mobile number, email address, and city.
  5. Enter a 6-digit OTP sent to your registered email address.
  6. Provide your PAN card number and DOB.
  7. Fill in your basic personal details.
  8. Upload a few documents required to open a demat and trading account.
  9. Complete the in-person verification
  10. Proceed to Esign by entering the OTP sent to your aadhaar-linked mobile number.

Post verification, your Sharekhan Demat and Trading account will be activated and you will get a unique client code (UCC) to log in to the Sharekhan trading platforms.

Open Instant and Online account with Sharekhanin 15 mins.

Alternatives to Sharekhan

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Sharekhan Mobile App and Trading Platforms

Trading Platforms Rated 4.5/5
Trading Platform - Sharekhan 2024
Trading Platform Sharekhan
Mobile Trading App Sharekhan
Web Trading Platform Yes
Android Mobile App Yes
Android App Download Andriod Sharekhan Download
iPhone Mobile App (IOS) Yes
iOS App Download iOS Sharekhan Download
Web Trading Detail

https://www.sharekhan.com/

Mobile Site Yes
Trading Software Charges Free
Brokerage Calculator Brokerage Calculator for Sharekhan
Detail Detail on Trading Platforms for sharekhan

Host of platforms be it mobile app, website, and desktop trading software are available to trade with Sharekhan. You can trade using any of these platforms. Advanced charting and analyticals tools, scanners, options data, etc. are the features offered to traders while to investors, the platforms are easy to navigate, user-friendly interfaces, and provide research-backed investment ideas.

Sharekhan Mobile App

Trade on the go using Sharekhan app for free. The app caters to both traders and investors alike and allows them to trade in equity, derivatives, currencies, and commodities segments.

Here are the top features offered by Sharekhan mobile app;

  • Intelligent scrip search mechanism
  • Pre-defined MarketWatch, Indices Heat Map, and multiple watchlists
  • Easy access to portfolio, positions, watchlists, reports, etc.
  • 6 types of charts (Renko, candlestick, Bar, Area, and Line) with 16 different timeframes
  • Trade directly from chart
  • Advanced option chain analytics with OI, Volume, Option Greeks, etc.
  • Tools like Pattern Finder, tracker ball, etc.
  • In-depth market states for stocks and F&O contracts
  • Get expert’s research reports for different products
  • Get real-time market news
  • Place normal order, Bracket order, big trade, Big trade plus, and GTD order

If you are using an Android device, download the Sharekhan app from the Play Store or iOS smartphone users can install the app from the App store.

Sharekhan Trade Tiger Terminal

    Trade Tiger is an installable desktop trading terminal offered by Sharekhan. It is the best platform for professional day traders with state-of-the-art trading features.

    Technical scanners based on indicators, 6 types of charts with multiple timeframes, 30+ technical indicators, multi set-up chart, trade directly from charts, dynamic one-click filters, options chain analytics with live IV and OI, automated risk-reward ratio, etc. are some of the incredible features of the platform.

    Shortcut keys are also available for one-tap order placement.

Sharekhan Website

    Use Sharekhan website on any supported browser and trade or invest on BSE, NSE, and MCX.

    If you are new to the market, the intuitive interface of the Sharekhan website makes it easy to use for you.

    It has every needed feature like watchlists creation, live streaming price quotes, real-time portfolio tracking, in-depth stock details, research access, and more.

Sharekhan Call & trade

    Sharekhan offers free call & trade order placement facility.

    Yes, Sharekhan users can call the customer service desk to place an order of your choice. There are no additional fee charged on dial n trade service.

Sharekhan InvesTiger

    If you are a seasoned market investor, the InvesTiger app by Sharekhan provides expert-curated stock basket investment ideas.

    Sharekhan team of research analysts uses 3R research philosophy (Right sector, Right Stock, and Right Valuation) and track stocks regularly to carefully design a basket of stocks.

Sharekhan API

    Want to create a customized trading platform? Get Sharekhan API access for free.

    The API provides access to live streaming price quotes, places upto 30 orders per second, and its order execution speed is upto 25 milliseconds for all trades.

For detail review of mobile app and download please visit Sharekhan Trading Platform Review.


Sharekhan Trading Pros

  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Sharekhan Trading Cons

  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.

Sharekhan Customer Care info

Sharkehan believes in delivering a superior customer experience as a success mantra. It has multiple customer touchpoints to interact with end-users such as live chat, FAQs, customer care helpline number, email support, and Whatsapp chat.

In addition, it has a team of 750+ dedicated customer relationship associates, and 3,500+ branches and sub-broker offices across 600 cities to resolve customer queries. Customers can visit any of the nearest branches to leave a query, and get its instant solution.


Final thought about Sharekhan

Rated 4/5 by 184 users

With over 22 years of broking experience, Sharekhan is known to be India’s leading full-service broker.

It is the best broker for traders and investors who are ready to pay high brokerage to access premium services including quality research, powerful online trading platforms and tools such as trade tiger, and superior customer services. However, it is not an ideal broker for beginners; they can rather consider discount brokers who charge a flat brokerage fee.

Request call back from Sharekhan

Last updated on: 2024-03-04

FAQs

Placing an AMO through Sharekhan Trading Account is as easy as placing a regular normal order. It is to be noted that unlike other brokers, Sharekhan has not specified the order category as "AMO" however, customers can use a "market order" type feature to place a after market order.

  • Login to Sharekhan Trading Account.
  • Add the scrip to your watchlist.
  • Place buy or sell order as per your requirements.
  • Now, enter the order quantity and submit the order. You can not enter the stock price because Sharekhan only allows customers to place a market order after market hours.
  • Recheck and confirm the order.
  • The order placed will be visible in the order book from where you can modify or cancel it. Once the market opens for subscription, the market order placed after market hours will be automatically sent to the exchange.

Sharekhan AMO market order timings

  • Working days: 11PM – 9 AM
  • Non-working days: Anytime or 24 hours.

 

The full-service broker offers online trading & investing in equity, derivatives, commodities, currency, IPO, MF, bonds, and PMS. To start online trading with Sharekhan, the following steps should be followed:

  • Open Sharekhan Demat and Trading account online or offline.
  • Login with your Sharekhan Account on any trading platform i.e. Trade Tiger, mobile app, website, etc.
  • Start placing buy and sell trade orders across various segments through your Sharekhan account.

 

Sharekhan offers 3 different brokerage plans; Sharekhan classic plan, Sharekhan Post-Paid plan, Sharekhan Pre Paid Plans. Each plan has different brokerage charges across segments i.e. equity intraday, delivery, F&O, commodity, and currency. Sharekhan brokerage charges depends upon the brokerage plan you choose for trading.

For example, if you’ve selected Sharekhan Classic Brokerage Plan and trading in equity delivery segment. Like you’ve bought 100 shares at Rs. 120 of any company then as per the classic brokerage plan, 0.50% or 10 paisa/share or Rs. 16 whichever is higher would be applicable.

Trading value = 100 shares * Rs. 120 = Rs. 12,000

  • Equity delivery brokerage = 0.50% of Rs. 12000 = Rs. 60
  • 10 paisa per share = 0.10 * 120 = 12
  • Minimum brokerage = 16

Here, the highest brokerage charges is Rs. 60 that is 0.50% of the trading value thus, Sharekhan will charge Rs. 60 brokerage.

 

Placing a Stop loss order simply means limit your risks or loss by placing a sell order automatically when your stock reaches a certain price level.

Steps to place stop-loss orders in Sharekhan

  1. Login to the Sharekhan website, mobile app, or Trade Tiger.
  2. Add your favorite stock to the watchlist.
  3. Place trade order of your choice (buy or sell)
  4. Select “Stop-loss” and enter the trigger price at which you want to place a stop loss (SL) order.
  5. Confirm the order and you’ve successfully put SL order.

 

Trigger price is the price that a trader has specified to place a buy or sell order on an exchange. Whether you’re placing a stop-loss order or stop loss market order, it is necessary to specify the trigger price. Whenever a stock reaches that price level, then the order will be automatically placed for execution. For instance, while placing a stop-loss order, if you have specified 300 as trigger price and 290 as the limit price for a sell order, it means that when a stock reaches 300 then the SL order will get activated and will be executed at Rs. 290.

 

In November 2016, BNP Paribas has acquired Sharekhan and became the owner of Sharekhan. BNP Paribas is a leading bank in Europe with more than 160 years of existence and global presence all over the world. It has 3 core businesses – corporate & institution banking, retail banking, and complete investment solution.

 

Sharekhan is good for trading due to the following reasons:

  1. One of the best full-service brokers serving 17 Lakh+ customers.
  2. Wide range of investment products for individuals, HNI, and corporates.
  3. Free MF investment on the Sharekhan Insta MF Platform.
  4. Best platforms like the Sharekhan Mobile app and Trade Tiger.
  5. Dedicated customer service online and offline.
  6. Free access to Sharekhan research.

 


Sharekhan User Reviews

49. dinesh bhatia Dec 23 2023 09:34:17 AM Reply
very good and reliable broker to trade in stock market

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
48. Abhay Jain Jan 06 2022 01:07:27 AM Reply
No body is accountable to resolves the problem on customer care as well as in Bhopal office and their staff is also non cooperative.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
47. Chandrakant Rane Jan 06 2022 12:25:12 AM Reply
Noone resolves the problem on website and relationship manager is inactive

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
46. Raja Nov 30 2021 01:29:43 PM Reply
Sharekhan Charge brokerage
Trading 0.05%
Delivery 0.25%
Minimum: 3 paisa
Pre-paid AMC option also available
45. Raja Nov 30 2021 02:02:21 AM Reply
User-friendly mobile app.
Your money and shares are safe in Sharekhan, No risk.


Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
44. Reena Urade Jul 26 2021 05:09:30 AM Reply
very helpful staff and trade tiger is easy to use. Mobile app is user friendly.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
43. RAMACHANDRAN Jun 15 2021 08:41:48 PM Reply
Bank nifty margin
42. Jaswant Singh Yadav Jun 02 2021 08:28:59 PM Reply
Hello sir, I have opened an account with Sharekhan around 15 year back.so I want to know that can I restart my same account while I have forgotten all my keywords like my pin etc.what is the procedure please let me know on my mobile phone.Thank you
42.1. Vinay Jain Jun 03 2021 11:59:35 AM
Yes, you can contact customer care team, they can find your account with your PAN number. Please check with team about the brokerage plan, as in lst few years brokerage has been reduced.
41. A Mondal May 28 2021 06:39:12 AM Reply
I am using sharekhan last 10 yrs , not a single problem happened with me . Sharekhan is the only full service broker in industry who made transparency and good communication with good customer . Regarding Brokerage by default its 50 paisa in delivery but after some transaction just send mail for reduction your brokerage , now my brokerage @ 20 paisa with good research and market update letter which you can not expect from any discount broker . Another most important thing sharekhan offline presence throughout Indian cities.
Last 10 years I ve used so called all brokers from Bank Brokers to Discount , Bank Broker ICICI is good but it may not be suitable for all.
Real discount broker is only Finvasia ..All Zero Brokerage to AMC but Trust is a factor .
If You are an Investor from middle class certainly go for
1, Sharekhan ( Most trusted and Valuable-BNP Parbas Backend )
2. Edelweiss ( Trusted Big Financial House-NSE Listed )
3. Angel Broking ( Trusted over the Years - NSE Listed company )
If You are a Trader then no need to more research on broker -
1, FINVASIA
2. ZERODHA
3. KOTAK SECURITES ( Zero Intraday )- Reputed Bank Broker

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average