Is Sharekhan safe?

Yes, trading with Sharekhan is as safe as with other stock brokers in India. Sharekhan is in the brokerage business for 20+ years. It is among the most trusted brand among stockbrokers.

The company is a member of CDSL, BSE, NSE, and MCX. It is audited regularly by the exchanges and depository and to date, it has complied with all regulatory norms.

Sharekhan is a wholly-owned subsidiary of BNP Paribas, a reputed European bank. BNP Paribas is listed on the Paris Stock Exchange and has a presence in 72 countries.

When Sharekhan customers buy shares, the shares are deposited into their personal demat account with CDSL. Sharekhan only works as a servicing agent for these demat accounts.

If you follow the basic security principles while investing in the stock market, your money and holdings (shares, MF, Bonds etc.) are safe with brokers like Sharekhan.