Share Khan

After ICICI Direct and HDFC Securities, Sharekhan, which was founded in February 2000, is the third-largest stock broker in India. Through its online trading platform Sharekhan.com and its 1800 offices, which include branches and franchises in more than 550 cities throughout India, Sharekhan offers brokerage services. Sharekhan has experienced phenomenal growth over the past ten or more years thanks to its highly successful online trading platform and its franchise network, which is spread throughout practically all of India. In the UAE and Oman, Sharekhan is also present internationally.

Sharekhan provides its services to a variety of clients, including NRIs, corporations, institutional clients, and individual investors and traders. Sharekhan had more than 17 lakh customers as of December 2018. Sharekhan provides trade execution services for the BSE, NSE, and MCX stock cash and derivatives divisions, as well as the MCX and NCDEX commodities exchanges. Additionally, Sharekhan offers depository services (demat accounts) and the choice to invest in mutual funds and initial public offerings.

The best investment portal for the Indian stock market is Sharekhan.com. The attractive website offers a variety of investing alternatives, share market news, research studies, stock quotations, basic and statistical data on equity, mutual funds, initial public offerings, and much more.

For retail investors, Sharekhan also provides “Sharekhan TradeTiger,” one of the most well-liked trading terminals. The Trade Tiger allows frequent traders to quickly place and execute their orders and is pretty similar to Broker Terminal. In order to assist users with their transactions, it also offers live data and other features on the same screen.

The ‘ShareMobile’ technology from Sharekhan provides trading capabilities via mobile applications. Popular smartphones like the iPhone, iPad, Blackberry, Android, and others all have mobile apps accessible.

Sharekhan provides services such as trading in stock, F&O, and commodities as well as investments in initial public offerings (IPOs), mutual funds, insurance, bonds, and NCDs. Additionally, the company offers Sharekhan Demat Accounts and is registered with NSD and CDS as a depository participant.

Sharekhan Charges 2023

Account opening costs and yearly maintenance fees

• One-time charges for opening a trading account: rs 0 (free)
• Trading Rs 0 (Free) Annual Maintenance Charges (AMC)
• Trading account opening fees include a one-time fee for opening a demat account.
• Rs 400 (free for the first year with a trading account): Demat Account Annual Maintenance Charges (AMC).

Sharekhan Minimum Brokerage Fee:

1. Sharekhan charges a minimum brokerage fee of 5 paisa per share for intraday trades. This indicates that a minimum fee of 5 paise per share will be levied for intraday trading if the share price you trade in is Rs 50 or less.
2. Sharekhan imposes a minimum brokerage fee of 10 paisa per share for trades that are delivery-based. This means that when the share price is Rs 20 or less, a minimum brokerage fee of 10 paise per share is imposed for delivery-based trades.
3. Minimum DP fees: In the case of a sell transaction, DP fees of Rs 16 per share are charged when the total transacted value is Rs 3200 or less.

Sharekhan Trading Platform (Sharekhan Trading Software)

Sharekhan provides its customers with 4 online trading platforms.

1. TradeTiger (Trading Terminal)
2. Website for trading shares, Sharekhan
3. The mobile trading app Sharekhan
4. the Low Bandwidth App Sharekhan Mini

These Sharekhan trading software programmes provide access to equities, currency, and commodity trading at the BSE, NSE, MCX, and NCDEX. The Sharekhan trading platform is free for all users.

One of the most potent and sophisticated trading platforms offered in India is TradeTiger, an executable trading application for PCs. This platform was created internally by the Sharekhan IT team, and it is constantly being enhanced depending on user input. Sharekhan Trade Tiger provides all the features a trader needs to be active.

Additional Information

 Advantages and Disadvantages of Sharekhan

Advantages of Sharekhan

The benefits of Sharekhan are as follows. Before creating a Sharekhan account, you must know the benefits and drawbacks. You can determine if Sharekhan meets your investment needs by looking at its advantages and downsides.

1. Sharekhan provides a variety of trading platforms to meet consumer needs. This comprises trades conducted through branch offices, call-n-trade, mobile, installable terminals, and internet browser-based trading.
2. It provides various brokerage slabs to accommodate different customers. The more you trade, the less you pay in brokerage. There are numerous brokerage schemas offered by them.
3. Sharekhan provides investors with online and in-person training, seminars, and workshops.
4. Online Funds at Sharekhan are free. Funds Pay-Out to Bank Account and Transfer from Bank Account.
5. DP transactions are free at Sharekhan. It costs nothing to transfer shares to or from a dp account.
6. Sharekhan has a network of branches all over India. There is most likely a Sharekhan in your area.
7. Sharekhan’s Call & Trade feature is free.
8. Fixed deposit is accepted as collateral for futures and option trading on Sharekhan.

Disadvantages of Sharekhan

The drawbacks of Sharekhan are as follows. View the list of Sharekhan’s shortcomings.

1. Due to the fact that Sharekhan does not offer banking services, they do not offer 3-in-1 accounts.
2. They charge greater percentage-based brokerage fees than brokers who charge flat fees.
3. They would not allow you to trade stocks for less than Rs. 20 and levy a minimum brokerage fee of 10 paisa each stock. The majority of your money will be lost in brokerage fees if you trade.
4. Traditional account owners are unable to trade commodities.

Sharekhan Complaint

The quantity of complaints from Sharekhan users that the exchanges have received. The Sharekhan customer complaint report aids in understanding the company’s service reliability and quality.

Anand Additional Information