ShareKhan has become a household name since its inception, and rightfully so. It’s one of the largest brokers in India and was one of the first brokerage platforms to introduce the concept of online trading in India. It has a volume-based price model wherein the trade volume affects the brokerage charge.
Our ShareKhan review would focus on the features, trading platforms, brokerage charges, Demat account, and much more that this company has to offer so that it helps you to understand this brokerage model and decide if it’s the right fit for you.
Why choose ShareKhan?
There are numerous things that a person looks for when choosing a brokerage platform for trading; however, it eventually boils down to the most vital points that make all the difference. So here are the advantages that make ShareKhan worth your time.
Pros
- Free account opening option
- Several brokerage plans for traders and investors
- Easy to use trading platforms
- Zero charges for Mutual Funds investment
- A Mutual Funds Robo advisory technology, ShareKhan NEO
- Intraday trading tips, investment advice, and recommendations
- Margin trading facility, loan against securities, and portfolio management
- Free call and trade services
- Free educational resources regarding stock market
Furthermore, ShareKhan provides an opportunity to invest in several segments, and they are:
- Equity
- Commodity
- Currency
- Options
- Futures
- Mutual Funds
- Forex
- Banking
- SIP
- Insurance
ShareKhan Brokerage Charges
| Segment | Charges (Basic Plan) |
| Intraday | 0.50% |
| Delivery | 0.10% |
| Equity Futures | 0.10% |
| Equity Options | Rs. 50 per order |
| Currency Futures | 0.10% |
| Currency Options | Rs. 30 per order |
| Commodity | 0.03% |
ShareKhan Account Opening Charges
| Segment | Charges |
| Trading Account Opening Charges | Free |
| Trading Account AMC | Free |
| Demat Account Opening Charges | Free |
| Demat Account AMC | Rs 400/year (Waived for first 3 years) |
ShareKhan Postpaid and Prepaid Plans
There are numerous ShareKhan reviews on the internet; however, ours covers all that this platform has to offer.
One of the most distinctive features of this platform is its postpaid and prepaid brokerage plans. They are based on the basic brokerage charges and differ based on the margin scheme.
Postpaid Plan
| New Trader | Day Trader | ||||||||
| Margin Amount | 25000 | 30000 | 40000 | 50000 | 1,00,000 | 3,00,000 | 5,00,000 | 10,00,000 | 20,00,000 |
| Intraday | 0.10% | 0.10% | 0.09% | 0.07% | 0.05% | 0.04% | 0.03% | 0.02% | 0.02% |
| Delivery | 0.50% | 0.50% | 0.45% | 0.40% | 0.25% | 0.20% | 0.18% | 0.15% | 0.10% |
| Futures | 0.10% | 0.10% | 0.09% | 0.07% | 0.05% | 0.04% | 0.03% | 0.02% | 0.02% |
| Future Next Day | 0.10% | 0.10% | 0.09% | 0.07% | 0.05% | 0.04% | 0.03% | 0.02% | 0.02% |
| Option | Rs.100 per Lot | Rs.100 per Lot | Rs.95 per Lot | Rs.80 per Lot | Rs.70 per Lot | Rs.50 per Lot | Rs.40 per Lot | Rs.30 per Lot | Rs.25 per Lot |
Prepaid Plan
| 6 months plan | Annual plan | |||||||||
| Brokerage Amount | Default | 750 | 1000 | 2000 | 6000 | 18000 | 30000 | 60000 | 100000 | 200000 |
| Intraday | 0.1% | 0.1% | 0.9% | 0.7% | 0.5% | 0.4% | 0.3% | 0.2% | 0.015% | 0.005% |
| Delivery | 0.5% | 0.5% | 0.45% | 0.4% | 0.25% | 0.2% | 0.18% | 0.15% | 0.1% | 0.08% |
| Futures | 0.1% | 0.1% | 0.09% | 0.07% | 0.05% | 0.04% | 0.03% | 0.02% | 0.015% | 0.005% |
| Future Next Day | 0.1% | 0.1% | 0.09% | 0.07% | 0.05% | 0.04% | 0.03% | 0.02% | 0.015% | 0.005% |
| Option | Rs.100 per Lot | Rs.100 per Lot | Rs.95 per Lot | Rs.80 per Lot | Rs.70 per Lot | Rs.50 per Lot | Rs.40 per Lot | Rs.30 per Lot | Rs.25 per Lot | Rs. 10 per Lot |
ShareKhan Minimum Brokerage Charges
Unlike other brokerage platforms, ShareKhan levies a minimum brokerage charge regardless of the small amount of trade. For instance,
- Intraday Trades – Min. brokerage of 5 paise/trade
- Delivery Based Trades – Min. brokerage of 10 paise/trade
- DP Charges – Min. of Rs. 16 per scrip if the total trade volume is Rs. 3200 or less in case of a sell transaction.
ShareKhan Other Charges
| SEBI Turnover Charges | 0.00005% (₹5/Crore) |
| STT | Delivery: 0.1% on both Buy and SellIntraday: 0.025% on the Sell SideEquity Futures: 0.01% on Sell SideEquity Options: 0.05% on Sell Side(on Premium)Commodity Futures: 0.01% on sell side (Non-Agri)Commodity Options: 0.05% on sell sideCurrency F&O: No STTOn Exercise transaction: 0.125%Right to entitlement: 0.05% on sell side |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | 75% Margin |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | Rs 25 per instruction |
| Dematerialisation Charges | Rs 5 per certificate |
| Pledge Creation | 0.03% of the value of the transaction (Min Rs 100) |
| Pledge Invocation | Rs. 17.5 per scrip |
| Margin Pledge/Unpledge/ Pledge closure | Rs. 12.5 per scrip |
| Margin Repledge | Rs. 12.5 + Rs. 12.5 (Rs. 25 per scrip) |
ShareKhan Features
Apart from the advantages that were mentioned earlier, there are more features that this brokerage company offers to its clients, and they are as follows:
- It’s one of the first brokerage companies to introduce online trading to its traders and investors.
- A vast network of 2600 outlets across India.
- A different trading platform is offered to suite customer requirements, which includes an installable terminal, mobile, call and trade, and in-office trade.
- Several brokerage plans for every customer’s needs.
- No charges for DP transactions.
- Free call and trade facilities.
- It accepts fixed deposits as collateral for F&O trading.
There are a few tools that ShareKhan offers, which are essential for those who’d open an account with this platform.
- Investment Cart – This tool ensures buying bulk stocks, tracking them, and updating them on any stock price changes in the cart.
- Pattern Finder – This tool analyzes the stocks and indices, providing profitable opportunities.
- Smart Search – With this tool, you can effortlessly search for Mutual Funds, FAQs, stocks, etc.
- Exchange Margin Funding – This leverage mechanism allows you to get funding for new buy trades by paying an upfront margin in the approved securities.
ShareKhan Services
Another highlight of this company is its research services. Their research teams assist traders with tips regarding stocks, investment advice, market trends, and much more. Investors are offered free online classes/workshops and provide online and offline customer care support.
- ShareKhan Classroom – ShareKhan provides educational resources to investors about mutual funds, SIPs, market trends, etc. Also, you can access the classroom calendar to know the modules.
- NRI Services – The NRIs are provided a relationship manager to tend to their requirements and can use the call and trade facility to make trades. They are also offered real-time portfolio tracking and price alert for investments.
ShareKhan Margin/Exposure
| Segment | Margin |
| Equity Delivery | 1x |
| Equity Intraday | 5x |
| Equity Futures | 1x |
| Equity Options | 1x |
| Currency Futures | 1x |
| Currency Options | 1x |
| Commodities | 1x |
ShareKhan Trading Platforms
Here’s a detailed description of the trading platforms that ShareKhan offers.
1. ShareKhan Trade Tiger –
- It allows trading in multiple segments and exchanges (NSE, BSE, Cash and F&O, MCX, NCDEX) on a single platform.
- Real-time market trends and several market watch are available.
- Provides advanced trading and tools, such as Heatmap
- It offers customizable charts, themes, languages, etc.
- Online funds transfer across 12 banks
- Various tools like Tick Query, Ticker, Action Watch, etc to analyse the market.
2. ShareKhan Website –
- Online trading account for derivatives and equity
- Free phone/dial-n-trade
- Automatic funds transfer through mobile banking (HDFC, Citibank)
- Facility to place orders after-hours between 8 a.m. to 9:30 a.m.
- Online trading + bank + Demat account together
- Instant cash transfer option against buying or selling shares
- Quick trade confirmations through SMS or email
3. ShareKhan Mobile App –
- Numerous features for investors
- Traders can view trades, charts, market watch, and online portfolios through the scrip search
- Allows trade-in advance orders and enables tracking them
4. ShareKhan Mini –
- Get updates on market trends through charts for several BSE and NSE scrips
- Allows trading in different segments
- Invest in and track Mutual Funds
- Enables transferring funds from bank to trading account, or MF, Or IPO, and vice versa.
5. ShareKhan Dial-n-Trade –
- Allows trading through phone
- 3 step security process
- Toll-free numbers
- Recorded calls
- No limit to the number of calls
- Advice and guidance from the telebroker, if required
- Offers facility to understand the market
- For derivatives and equities, timings are 8:30 a.m. to 4:30 p.m.; for commodities, the timings are 9 a.m. to 5 p.m.
6. ShareKhan App –
- Investors can set financial goals
- Trade in Equities and Derivatives from BSE and NSE and invest in Mutual Funds
- Offers charts and measurement tools for wise trading decisions.
- Portfolio customization and shortcut bars to track your investments.
Conclusion
There’s a lot that the ShareKhan brokerage company offers, and we’ve covered all of it in our ShareKhan review to give you a better idea about the platform and to extend your options if you’re looking for a platform to open a Demat or trading account in. Its advanced technology and trading platforms provide several reasons for people to consider this company as its top option.