Sharekhan Stock Trading, Demat, Brokerage and Reviews 2024

Sharekhan Post Paid Plans

Sharekhan offers the following post-paid plans. To avail the offer, the customer has to deposit the margin money with Sharekhan based on the plan that has been chosen. The brokerage reduces as the margin of money is HIGH.

Sharekhan Pre Paid Plans

Sharekhan offers the following pre-paid brokerage plans. The plans are available for 6 months and 1 year as shown below:

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

1. 1. How Sharekhan works?

   Sharekhan is a full-service broker offering trading and investment services in equity, derivatives, commodities, currency and mutual funds etc. Sharekhan provides its services through its online as well as hundreds of outlets spread across India.

   To avail of various services offered by the company, you need to open an account with the company. Sharekhan offers 4 types of accounts:

   1. Beginner First Step Account
   2. Investor Classic
   3. Active Trader Trade Tiger
   4. HNI Advisory

   For Mutual Fund investing, you need to open a separate account called 'Insta MF Account'.

   In addition to the above-mentioned accounts, you also need to open a demat account and must have a savings account with any bank in India. The demat account will be linked to your trading and InstaMF account and all the securities bought through the accounts will be held in it.

   Once you have opened the accounts then you're ready to trade through Sharekhan using various ways:

   • Sharekhan.com Website
   • Sharekhan Mobile Trading App for Android and iOS.
   • Sharekhan Trade Tiger
   • Visit Sharekhan local office
   • Call & Trade

   Sharekhan charges brokerage based on your trading plans. For every transaction, you will be charged brokerage, demat transaction fees, other fees and taxes.

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2. 2. Why to choose Sharekhan?

   Sharekhan is among the popular full-service stockbrokers. Different type of investors chooses Sharekhan for different reasons.

   1. Beginners

      If you are new to the stock market, Sharekhan could be the best option for you as they offer training, hand-holdings, tips, and local support through personal relationship manager (RM). They also have a do-it-yourself online trading platform which makes investment extremely easy.

   2. Active Traders

      If you are an active trader who is trading in high volume or multiple times a day, Sharekhan prepaid brokerage plans work well for it. They reduce brokerage significantly and offer you a range of add-ons like an excellent trading platform, RM, research, tips, local support and PMS.

   3. Aged traders

      If you are not technology savvy and do not feel comfortable in online trading and investment, Sharekhan is the right choice for you. It offers support from neighborhood branch offices, RM for in-person services and free call & trade services. A simple example is, you can call you RM and ask him to pick up your cheque for adding funds to your trading account.

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3. 3. Is Sharekhan good?

   Sharekhan is among 100's of stockbrokers who offer trading and investment services to retail investors in India. Each of these brokers has something good about them. There produce and services are suitable for a certain type of investors.

   Sharekhan is good for customer types

   • Beginners - As they offer training, hand-holdings, tips, and local support through personal relationship manager (RM).
   • Active Traders - Who trade in high volumes as its prepaid brokerage plans suit them. They also offer an excellent trading platform and RM.
   • Aged traders - Who are not comfortable trading online. It has a free dial n trade service wherein you can place your orders on the phone.

   Sharekhan is good for

   • A full-service broker that offers complete trading services including research and depository services.
   • Offers multiple investment products under one-roof
   • Offers both prepaid and postpaid brokerage plans
   • Customers get local support from neighborhood branches.
   • Relationship Manager (RM) is assigned to every customer.
   • Industry experience of over 2 decades
   • Strong brand name.
   • Excellent training programs for beginners as well as traders
   • Offers online trading through the website and mobile app.

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4. 4. How to open trading account in Sharekhan?

   Sharekhan Trading Accounts enables you to trade or invest in India Stock Market. You could open a Sharekhan account in 2 ways:

   1. Request a Call Back

      Click here to fill a callback request form. You will receive a call from Sharekhan. The customer representative will answer all your questions and help you with account opening. If needed he will arrange an in-person visit by Sharekhan representative to your home or office.

   2. Visit Local Branch Office

      Sharekhan has a network of 100's of branch offices. You could visit any one of them to get your account opened. Follow the below steps:

      • Go to https://stockbroker-branch.sharekhan.com/
      • Enter state, city and locality
      • Click on the Sharekhan icon nearest to your location and get details on branch office/sub-broker
      • Call them and express interest to open an account
      • A representative will visit you to complete the formalities.

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5. 5. How much Sharekhan charges?

   Sharekhan charges include a variety of fees and taxes. Major fees and taxes charged by Sharekhan include-

   • Account Opening Fees (One time): Rs 0 (Free)
   • Demat Account AMC (Annual ): Rs 400 (free 1st year)
   • Brokerage Charges: As per plan and transaction value
   • Taxes charged by State and Central Governments

   Sharekhan offers 2 brokerage plans; Classic and Prepaid. The brokerage for Classic plans is 0.50% for equity delivery and o.10% for equity intraday. For Prepaid plans, it charges different subscription fees. The brokerage fee varies by the subscription fee you pay.

   Visit Sharekhan Review page for a detailed brokerage structure.

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6. 6. How is Sharekhan review?

   Sharekhan is a popular full-service broker. It offers a number of products, trading software and add-ons which are designed for a wide range of customers including beginners, active traders and customers who are not tech-savvy.

   Sharekhan is famous for its in-person services through a network of branches in over 700 cities across India. Every customer has a Relationship Manager (RM) allocated to him which works as customer support, trainer and personal advisor.

   Sharekhan also has an excellent online trading platform for customers who would like to trade by themselves. Sharekhan Mobile App is a powerful trading tool used by most of its customers.

   Sharekhan investor training programs are among the best in the industry. They offer multiple online and classroom training programs to bring you up to speed.

   Sharekhan has a dedicated research team. They provide trading tips, research, recommendations, technical and fundamental analysis.

   Sharekhan brokerage charges are very high in comparison to discount brokers like Zerodha. But Sharekhan prepaid plans for high-frequency trader reduces brokerage changes. In addition, you get free call & trade and support from local offices near you.

   Read Sharekhan Review for more detail.

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7. 7. What is Sharekhan DP ID?

   Sharekhan is a depository participant (DP) with both NSDL and CDSL depositories. You choose one of the depositories at the time of account opening. Your Sharekhan DP ID depends on which depository you have the account with.

   Sharekhan DP Ids for NSDL and CDSL are:

   • NSDL DP ID: IN300513
   • CDSL ID: 12036000

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8. 8. How to buy IPO in Sharekhan app?

   Sharekhan customers can buy IPO in the Sharekhan app or using the Sharekhan website at any time when the IPO is open for retail investors.

   Sharekhan IPO app uses UPI Payment Mechanism. You are required to have a UPI id before applying in an IPO using Sharekhan App. It's easy to get a UPI ID created using the net banking app of any bank you have an account with or by using the BHIM UPI app provided by the government of India.

   Steps to Buy IPO in Sharekhan App

   1. Login to Sharekhan App on your phone
   2. Expend menu in top right
   3. Click on the 'IPO' link under the 'Equity' section.
   4. Choose the IPO and click the 'Apply' button.
   5. Fill the order for by entering the quantity, price and UPI ID.
   6. Submit the order form and confirm the order.
   7. Accept the UPI Mandate using Net Banking or BHIM app.

   Note:

   • The UPI Mandate (an approval for blocking the fund for IPO shares) is not sent instantly. You may have to wait for a few hours before the Mandate is shown up in your Net Banking App or BHIM App.

   One the UPI Mandate is accepted, the IPO application is submitted to the exchange by Sharekhan. An SMS and Email confirmation is sent to the customer.

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9. 9. How to Cancel SIP in Sharekhan?

   You could cancel your SIP in Sharekhan online at any point time. You could also visit the Sharekhan branch and submit a request for SIP cancellation. The online SIP Cancellation request is an easy option.

   Steps to Cancel SIP in Sharekhan Online

   1. Login to Sharekhan.com website or Mobile App
   2. Go to the Mutual Funds section
   3. Click on the View SIP to get a list of all your existing SIPs
   4. Select and cancel the desired one

   Note: You do not get the funds in your bank account when you cancel SIP. It just means that future investments will stop. Your existing investments remain in the Mutual Funds. To get the funds, you need to redeem the mutual fund units.

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10. 10. How to close the Sharekhan account?

    Sharekhan account can be closed by submitting an account closure form to the broker. Note that you have to submit a signed paper form to close the account. Sharekhan's account cannot be close online, by email, or by phone.

    Steps for closing Sharekhan account:

    1. Download the account closure form.
    2. Fill the account closure form with the required details like name, Trading ID, DP ID, the reason for the closure, and sign it.
    3. Attach the blank and unused Delivery Instruction Slips (DIS), if any.
    4. Courier the duly filled and signed form to the address mentioned in the closure form or submit it to the nearest office.

    Please make sure to clear all the outstanding dues and sell or transfer securities in your account before submitting an account closure request.

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11. 11. Is Sharekhan CDSL or NSDL?

    Sharekhan is registered with both CDSL and NSDL. Thus, customers can keep their demat accounts with either depository.

    The Sharekhan DP IDs are:

    • NSDL DP ID: IN300513
    • CDSL ID: 12036000

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12. 12. Who can use Sharekhan?

    Anyone who wants to invest and trade in securities can open a Demat account and participate in the stock market. Individual investors, joint investors, companies or NRIs, all are eligible to open a demat account and trade in securities.

    Sharekhan offers a variety of accounts for investors to choose from and start their journey. These accounts include Beginner First Step, Investor Classic, Active Trader Trade Tiger and HNI Advisory.

    Sharekhan also offers facilities like Minor Demat Accounts and Multiple Demat Accounts that make it easier for its clients to hold securities and participate in the financial market.

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13. 13. How can I get Sharekhan statement?

    Sharekhan offers its clients the possibility to access and download the profit and loss report online, which contains all the essential information useful for the calculation of taxes on trading income. This profit and loss report contains information such as date, quantity, time, script name, buy price, sell price, segment, etc.

    To download this report, do the following:

    1. Access the Sharekhan portal and log in with your credentials.
    2. Search for "Scrip Summary" You can search using the search bar. The details can also be sorted by different segments.
    3. On the dashboard, you will now find the scrip summary. 
    4. You can download this summary to your system and access it anytime.

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14. 14. How to get a Sharekhan login id?

    The login ID is a personal identifier used to access accounts and information. The login ID can be specified in the form of letters or numbers or even a combination of letters and numbers.

    When opening a new account with Sharekhan, customers receive a welcome package that contains their credentials such as login ID and password, as well as other important and necessary information.

    In other cases, the following steps can be used to obtain Login ID for accessing Sharekhan account:

    1. Open Sharekhan website on the browser.
    2. Go to the login section from top right option.
    3. Now select "Forget ID" to proceed with the process.
    4. Enter your mobile number or email, as you prefer to get your ID through.
    5. Validate the captcha sent on your number or mail.
    6. Click on "Submit".

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15. 15. How to reactivate Sharekhan account?

    In many cases, when trading account holders do not actively use their account and trade with it, their account is converted into a dormant account. This also happens with Sharekhan accounts.

    However, this does not mean that you can no longer use the account. You can request reactivation and have your account activated.

    The account reactivation process may require you to submit KYC (Know Your Customer) documents.

    You will also be required to pay a reactivation fee for reactivation.

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16. 16. How to operate Sharekhan account?

    Sharekhan account is easy to use. You can use your desktop or even your cell phone to access your account. In other cases, there are also methods to access the account and place trades.

    To operate the Sharekhan account through the website, go to the Sharekhan trading portal.

    To operate the Sharekhan account via cell phone, download the mobile application from the Google Playstore or App Store.

    You can also use the call-and-trade feature to place trades via call.

    Sharekhan has numerous franchises across India. You can also visit the nearest branch or office to help you trade.

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