Sharekhan Stock Broker Review 2023

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Sharekhan Brokerage Plan, Fees and Charges

Sharekhan has a fixed percentage-based brokerage model that charges a fixed percentage on the trade volume across all segments. Sharekhan charges significantly higher brokerage fees when compared to other top brokers like ICICI, HDFC, Zerodha, and Upstox. It also has prepaid and postpaid brokerage plans.

Check Sharekhan brokerage fee on equities, futures & options, commodities, and currencies trading segments.

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	3 in 1	3 in 1	2 in 1
Equity Delivery	0.5% or 50 paisa	Flat Fee Rs 20	Free	2.5% or Rs 20 whichever is lower	2.5% or Rs 20 whichever is lower
Equity Intraday	0.1% or 10 paisa	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	0.1% or 10 paisa	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	2.5% of Premium or Rs 250 per lot whichever is high	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20
Commodity	0.1% or 10 paisa	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Currency Futures	0.1% or 10 paisa	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	NA
Currency Options	2.5% of Premium or Rs 30 per lot whichever is high	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Rating

Type of Account offered by Sharekhan

Before opening an account with Sharekhan, you first have to decide which type of account you must open whether a trading & demat account or a mutual fund account. The full-service broking house offers the following two types of account opening facilities.

Sharekhan Trading & Demat Account

• One would require opening a 2-in-1 account means trading cum demat account to trade in different asset classes such as equities, derivatives, commodities, and currency segments. The trading account allows you to place buy and sell orders whereas the Demat account holds securities in electronic form.
• Sharekhan charges zero account opening fees on its demat account. You can open a Sharekhan account online or offline via reaching out to any local Sharekhan branch or office.

Sharekhan NRI Trading Account

• Sharekhan allows NRI, PIO, and OCI clients to open a Sharekhan NRI Demat and Trading Account. The full-service stockbroker has partnered with 4 banks; Axis, HDFC, IndusInd, and IDBI Bank to enable NRI customers to open a Sharekhan 3-in-1 NRI account.
• Sharekan NRI Trading account allows trading in equity delivery, mutual funds, IPO, and futures & options trading segment. NRI cannot trade in the equity intraday, commodity, and currency segments.

Sharekhan InstaMF Mutual Fund Account

• Are you looking for mutual fund investment product only? Open a Sharekhan mutual fund account for free on the InstaMF platform without opening a Demat account. The InstaMF web and app-based mutual fund platform provide access to the equity, debt, and hybrid categories of regular mutual fund schemes of all top AMCs.

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.

Sharekhan Mobile App and Trading Platforms

Sharekhan heavily invests in technology and has all types of trading platforms to trade across devices. It has a mobile trading app, an installable desktop trading terminal, and a web-based platform. Let’s find out the key features offered by each of these Sharekhan trading platforms.

Sharekhan Mobile Trading App

• Sharekhan has a clean user-friendly mobile app to trade in stocks, derivatives, commodities, currencies, and mutual funds. Sharekhan stock trading app features cater to the diverse requirements of traders as well as investors. The broker maintains safety & security protocols with 2 factor-authentications (2FA).
• Better advanced charting experience (Renko, candlestick, Bar, Area, and Line) for multiple time frames from 1 minute to 1 year, pattern finder studies, fast refresh rate, a comprehensive dashboard, in-depth market stats, and different types of orders including bracket order (BO) are the unique features for traders. Customized multiple watchlists, multi-exchange streaming market watch, real-time market stats, share market news, and one-tap investment in mutual funds are the features for investors.
• Download the app now on the Play Store and the App store to kickstart a hassle-free and smooth trading journey with Sharekhan.

Sharekhan Trade Tiger Terminal

• Trade Tiger by Sharekhan is an installable desktop trading terminal that can be downloaded on a desktop or laptop. From customizable watchlists to advanced trading charts, 30-90 intraday and daily charts with 30+ technical indicators, multiple chart views, stock scanner, Market Heat Map, dynamic one-click filter, advance option chain analytics, 30+ option trading strategies, etc. feature make Trade Tiger as industry’s best and powerful trading terminal to trade across segments.

Sharekhan Website

• Sharekhan has an in-house developed online stock market trading website. The user-friendly web trading platform has many great features i.e. multiple exchange trading, smart search tool, detailed stock information, in-depth portfolio view, alerts & notifications, portfolio report, dedicated chat and help option, and others.
• Customers can place all types of orders such as market, limit, stop-loss, bracket order, with GTD, GTT, and IOC order time limits.

Sharekhan Mini Website

• Users in small towns and villages with low internet bandwidth can trade through the Sharekhan Mini web platform. The browser-based trading website works well on a 2G internet connection. Customers can access basic features like charts, F&O contract details, multi-exchange watchlist, secure fund transfer, and get live research calls and reports.

Sharekhan InstaMF App

• InstaMF is a free online mutual fund investment platform by Sharekhan. If you are only looking for mutual fund investment, start a paperless and hassle-free mutual fund investing journey with InstaMF app without opening Sharekhan Demat Account. The broker enables investors to start SIPs or invest lumpsum in the regular open-ended schemes.
• Sharekhan NEO, a Robo-advisor provides tailored or customized mutual fund recommendations to customers to achieve their financial goals.

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.
• Direct mutual fund schemes are unavailable on the InstaMF platform.
• Its fee structure is not transparent.

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.

• Sharekhan Customer Care Phone Number: 1800227500
• Sharekhan Customer Support Email: [email protected]
• Sharekhan Knowledge Center: https://www.sharekhan.com/help/hello

Final thought about Sharekhan

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.

FAQs

Sharekhan User Reviews