Sharekhan – Stock Broker review| Best discount stock brokers

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Sharekhan – Stock Broker review| Best discount stock brokers

Sharekhan Review

Sharekhan Stock Trading, Demat, Brokerage and Reviews 2018

Sharekhan was incorporated in February 2000. Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which include branches & franchises in over 550 cities across India.

Sharekhan has seen success though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has branches in the UAE and Oman.

Sharekhan offers trade execution facilities for equity cash and derivatives segments on BSE and NSE, commodities trading facilities on MCX and NCDEX. Sharekhan also offer depository services (demat account) and option to invest in mutual funds and IPOs.

Sharekhan.com venture entry for Indian securities exchange is a very much planned site which gives an extensive variety of speculation choices, share advertise news, look into reports, stock statements, crucial and measurable data crosswise over value, common assets, IPOs and significantly more.

Sharekhan likewise offers 'Sharekhan TradeTiger', a standout amongst the most famous exchanging terminals, for retail speculators. The Trade Tiger is very like Broker Terminal and enables visit dealers to put in and execute their requests at a rapid. It additionally gives live information and different apparatuses on a similar screen to help the clients with their trades.

Sharekhan's 'ShareMobile' platform offers trading facility though mobile application. Mobile apps are available for popular iPhone, iPad, Blackberry, Android and other phones.

Services offered by Sharekhan include trading in equity, F&O and Commodity and investment in IPO's, Mutual Funds, Insurance, Bonds and NCD's. Company also provide Sharekhan Demat Account and registered as a depository participant with NSD and CDS.

Sharekhan offers a wide range of accounts which include Sharekhan First Step Account, Sharekhan Classic Account, Sharekhan Trade Tiger Account and Portfolio Mgmt Services (PMS) though Sharekhan Platinum Circle Account.

Sharekhan has in-built research teams which consistently publishes investment advice, stock tips, quarterly company result analysis and news alerts to its customer though email, SMS and on Sharekhan.com. Sharekhan has an excellent knowledge center on its website to help stock and commodity market investors of all kind. It also offers free online and classroom seminars / workshops to investors. Each Sharekhan Accounts comes with online and in-person help from Sharekhan representative.

Special Offer: Get Free Trading + Demat Account (Rs 1150 waived on account opening) for limited time. Get the offer.

Information about Sharekhan account opening, Sharekhan open account, Sharekhan opening charges, Sharekhan account opening charges, Sharekhan account opening status, Sharekhan amc charges, Sharekhan account charges, Sharekhan account closure

Account Types

1. Classic account

Stocks can be bought and sold online by investors alongside the following features like Integrated Banking, demat & digital contracts, multiple watch lists, Real-time portfolio with price alerts and Instant transfer.

1.Salient features of Classic account

Online trading account for investing in Equities and Derivatives
Free trading through Phone (Dial-n-Trade)
Simple and Secure Interactive Voice Response based system for authentication
After hours order placement facility between 8.00 am and 9.30 am
Integration of: Online trading + Bank + Demat account
Instant cash transfer facility of shares against purchase and sales
IPO investments
Instant order and trade confirmations by e-mail
Single screen interface for cash and derivatives

2. TradeTiger account

This is a application which is web based for active traders who trade regularly during the day's trading session..

Salient features of Classic account

A single platform for multiple exchange BSE & NSE (Cash & F&O), MCX, NCDEX
Short cut Keys alike to a traditional terminal
Tie-up with different banks for online transfer of funds
Multiple Market Watch available on Single Screen
Advanced tools available to measure market such as Tick Query, Option Premium Calculator, Span Calculator Ticker, Market Summary, Action Watch, Option Premium Calculator
Graph Studies are available including Average, Band- Bollinger, Know SureThing, MACD, RSI, etc
Account Opening Fees & Annual maintenance charges (AMC)
Trading Account Opening Charges (One Time): Rs 750 (Classic Account), Rs 1000 (Trade Tiger Account)- charges fully adjusted against first 6 months brokerage.
Demat Account Opening Charges (One Time): Included in trading account opening charges
Demat Account Annual Maintenance Charges (AMC): Rs 400 (Free for 1st year with trading account.)
Trading Annual maintenance charges (AMC): Nil
Sharekhan Trading Brokerages Charges:
Intra-day Trades: 0.1% on the purchase side and 0.1% on the offer side.
Delivery Based Trades: 0.5% or 10 paise per share or Rs 16 per scrip whichever is higher.
F&O Trades: 0.1% on the first leg and 0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.
Options Trades: Rs 100 per contract or 2.5% on the premium (whichever is higher).
Currency Future: 0.1%.
Currency Options: Rs 30 per lot or 2.5% on premium (whichever is higher).
Commodity: 0.1%.

Sharekhan Special Offers

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (Rs 1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

Sharekhan Minimum Brokerage Fee:

For Intra-day Trades: Sharekhan charges minimum brokerage of 5 paise per share. This means that while doing intraday trading if the share price you trade in is Rs 50 or less, a minimum brokerage of 5 paise per share will be charged.
For Delivery Based Trades: Sharekhan charges minimum brokerage fee of 10 paise per share. This means; for delivery based trades minmum brokerage of 10 paise per share is charged when the share price is Rs 20 or less.
Minimum DP charges: DP charges of Rs 16 per scrip is charged when the total traded value is Rs 3200 or less in case of sell transaction.
Demat Account Annual Maintenance Charges (AMC): Rs 400 (Free for 1st year with trading account.)

Sharekhan Post Paid Plans

Sharekhan offers following post paid plans. To get the offer customer has to deposit the margin money with Sharekhan based the plan they choose. The brokerage reduces as the margin money is high.

Margin Scheme	Cash Leg 1	Cash Leg 2	Delivery	Future Leg 1	Future Leg 2 same day	Future next day	Option
25 K	0.1	0.1	0.5	0.1	0.02	0.1	Higher of 2.5% of premium or Rs 100
30 K	0.1	0	0.5	0.1	0	0.1	Higher of 2.5% of premium or Rs 100
40 K	0.09	0	0.45	0.09	0	0.09	Higher of 2.25% of premium or Rs 95
50 K	0.07	0	0.4	0.07	0	0.07	Higher of 1.5% of premium or Rs 80
1 Lakh	0.05	0	0.25	0.05	0	0.05	Higher of 1% of premium or Rs 70
3 Lakh	0.04	0	0.2	0.04	0	0.04	Higher of 1% of premium or Rs 50
5lakhs	0.03	0	0.18	0.03	0	0.03	Higher of 0.75% of premium or Rs 40
10 Lakhs	0.02	0	0.15	0.02	0	0.02	Higher of 0.60% of premium or Rs 30
20 Lakhs	0.015	0	0.1	0.015	0	0.015	Higher of 0.55% of premium or Rs 25

Sharekhan Pre Paid Plans

Sharekhan offers following pre paid plans. The plans are available for 6 month and 1 year as shown below:

Amount (Rs)	Period	Cash Leg 1	Cash Leg 2	Delivery	Future Leg 1	Future Leg 2 same day	Future next day	Option	Intraday transaction	Delivery transaction
Default		0.1	0.1	0.5	0.1	0.02	0.1	Higher of 2.5% of premium or Rs 100
750	6 months	0.1	0	0.5	0.1	0	0.1	Higher of 2.5% of premium or Rs 100	7,50,000	1,50,000
1000	6 months	0.09	0	0.45	0.09	0	0.09	Higher of 2.25% of premium or Rs 95	11,11,111	2,22,222
2000	Annual	0.07	0	0.4	0.07	0	0.07	Higher of 1.5% of premium or Rs 80	28,57,143	5,00,000
6000	Annual	0.05	0	0.25	0.05	0	0.05	Higher of 1% of premium or Rs 70	1,20,00,000	24,00,000
18000	Annual	0.04	0	0.2	0.04	0	0.04	Higher of 1% of premium or Rs 50	4,50,00,000	90,00,000
30000	Annual	0.03	0	0.18	0.03	0	0.03	Higher of 0.75% of premium or Rs 40	10,00,00,000	1,66,66,667
60000	Annual	0.02	0	0.15	0.02	0	0.02	Higher of 0.50% of premium or Rs 30	30,00,00,000	4,00,00,000
100000	Annual	0.015	0	0.1	0.015	0	0.015	Higher of 0.55% of premium or Rs 25	66,66,66,667	10,00,00,000
200000	Annual	0.005	0.005	0.08	0.005	0.005	0.005	Flat Rs 10	2,00,00,00,000	25,00,00,000

Get detail about Sharekhan pricing, Sharekhan brokerage calculater, Sharekhan brokerage, Sharekhan plans, Sharekhan brokerage review, Sharekhan brokerage plans, Sharekhan fund transfer, Sharekhan intraday brokerage, Sharekhan charges, Sharekhan charge list, Sharekhan charges calculator, Sharekhan prepaid brokerage plans, Sharekhan yearly charges, Sharekhan fees, Sharekhan yearly maintenance charge, Sharekhan option brokerage and Sharekhan trading charges.

How to open account with Sharekhan?

For online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:

Drop your phone number and Sharekhan Customer Service Executive will call you back for trading & demat account.

Get information about Sharekhan broker, Sharekhan branches, Sharekhan sub broker, Sharekhan support, Sharekhan customer care, Sharekhan user reviews, Sharekhan user manual, Sharekhan website, Sharekhan review and Sharekhan toll free number

Sharekhan Advantages

A variety of trading platform to meet the needs of the customers are offered. Some of them are Installable terminal, web based trading, call n trade, mobile trading and branch offices facilitate in-person trade.
Brokerage slabs are designed in such a way that, the higher your trade, the brokerage gets reduced.
Investors can avail seminars, workshops, online and classroom training sessions.
Sharekhan offers online and classroom training, seminars and workshops to investors
Sharekhan doesn't charge for Online Funds Transfer from bank account and Funds Pay-out to bank account.
Sharekhan doesn't charge for DP transactions. Share transfer from and to the dp account is free.
The network of branches is India-wide and can be found easily in your neighborhood.
Call & Trade facility is free with Sharekhan.

Sharekhan Complaints received at BSE / NSE:

Number of customer complained against Sharekhan share broker. The Sharekhan consumer complaints provide the summary of grievance which went to exchange for resolution.

Sharekhan consumer complaints
Exchange	Financial Year	Number of Clients *	Total Complaints **
BSE	2016-17	106,249	7
NSE	2016-17	350,509	86
BSE	2015-16	131,690	29
NSE	2015-16	335,843	159
BSE	2014-15	82,092	34
NSE	2014-15	342,592	141
BSE	2013-14	1,182,390	43
NSE	2013-14	274,777	142
BSE	2012-13	1,129,261	42
NSE	2012-13	1,125,128	126
BSE	2011-12	1,044,117	86
NSE	2011-12	1,033,963	173

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Read detail report about Sharekhan Complaints at BSE, NSE and MCX
Broker complaints in India - Year wise complaints received by exchange

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