Sharekhan Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Sharekhan, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Sharekhan is a Private company headquartered in Mumbai, India which is founded in 2000 by Jaideep Arora. Sharekhan is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Sharekhan work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Sharekhan is an NSE and BSE-listed company with over 2800 branches in India.

Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, India
FoundersJaideep Arora
Foundation Year2000
Supported ExchangesBSE, NSE, MCX
Total branches2800

Sharekhan Account opening charges

You need to open a demat account and a trading account, to start trading with Sharekhan. So, to open a trading account with Sharekhan, you need to pay a fee of Zero. However, the trading annual maintenance charges of Sharekhan are free. And Demat annual maintenance charges are Free or Rs.300 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Sharekhan is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesSharekhan
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero
Offline to Online ChargesYes
DepositoryNSDL & CDSL

Sharekhan Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Sharekhan brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Sharekhan This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Sharekhan charges a brokerage fee of 0.10% per order.
  • Equity futures: The brokerage cost for equity futures is 0.10% as well.
  • Equity options: Sharekhan charges a brokerage fee of Rs.100 per Lot or 2.5% on Premium (Takes higher amount) for trading equity options.
  • Currency: Unleash your trading potential with Sharekhan’s dynamic 0.10% charges.
  • Commodity: For commodity options trading, Sharekhan charges a brokerage fee of 0.10%.

Equity Brokerage Charges

Equity Brokerage ChargesSharekhan
Equity Delivery Brokerage0.50%
Equity Intraday Brokerage0.10%
Equity Futures Brokerage0.10%
Equity Options BrokerageRs.100 per Lot or 2.5% on Premium (Takes higher amount)

Currency Brokerage Charges

Currency Brokerage ChargesSharekhan
Currency Futures Brokerage0.10%
Currency Options BrokerageRs.30 per Lot or 2.5% on Premium (Takes higher amount)

Commodity Brokerage Charges

Commodity Brokerage ChargesSharekhan
Commodity Options Brokerage0.10%

Sharekhan Other Charges

  • Minimum brokerage charges: At Sharekhan, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Rs.20.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00275% of Total Turnover is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Sharekhan.
  • Call and trade charges: If you use call and trade service, the charges of Sharekhan are Rs 20.
Other Brokerage ChargesSharekhan
Minimum Brokerage ChargesRs.20
Transaction Brokerage Charges0.00275% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 20

Sharekhan Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Sharekhan offers Upto 15x times leverage on equity delivery, Upto 32x times leverage on equity intraday, Upto 15x times leverage on equity futures, and Upto 10x times leverage on equity options.

Here is the leverage provided by Sharekhan:

Equity LeverageSharekhan
Equity DeliveryUpto 15x
Equity IntradayUpto 32x
Equity FuturesUpto 15x
Equity OptionsUpto 10x

Sharekhan Currency Leverage

Sharekhan also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 8x times and Currency Options Upto 10x times.

Currency LeverageSharekhan
Currency FuturesUpto 8x
Currency OptionsUpto 10x

Sharekhan Commodity Leverage

Sharekhan offers Upto 10x leverage for commodity trading.

Equity LeverageSharekhan
CommodityUpto 10x

Sharekhan Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Sharekhan gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanYes
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Sharekhan Features

  • Discount Broker:Sharekhan, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Rs.20 executed, regardless of trade category, size, or exchange. They also offer Upto 32x trading leverage.
  • Range of Investment Products: Sharekhan is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Sharekhan paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Sharekhan differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Sharekhan provides margin funding services. These can be used to make partial payments on cash segment transactions. Sharekhan lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Sharekhan provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Sharekhan offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Sharekhan is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Sharekhan’s 0.10% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Sharekhan provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Sharekhan offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryYes
PMS (Portfolio Management Services)Yes
Trading InstitutionYes
Trading ExposureUpto 32x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Sharekhan Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Sharekhan offers research papers with the top recommendations, which are developed by industry specialists. On their website, Sharekhan also offers annual reports, as well as daily market reviews and weekly reports.

Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Sharekhan Trading Platforms

To fulfil the various needs of its consumers, the Sharekhan trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsSharekhan
Desktop BrowserYes

Sharekhan Mobile App

Sharekhan offers mobile trading through the Sharekhan app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppSharekhan
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Sharekhan Customer Support

  • Online trading support: Sharekhan can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Sharekhan offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Sharekhan5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportSharekhan
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportYes
Toll free numberNo
Support Branches126

Sharekhan Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 198 BSE complaints, of which 184 have been resolved, which amounts to 92.93 % in percentage terms. And, when it comes to NSE complaints, there are 218 of them, with 217 of them resolved, for a percentage of 99.54 %. And the percentage of BSE/NSE complaints resolved is 96.24 %

The table below highlights the complaints acquired by Sharekhan.

BSE ComplaintsSharekhan
BSE Complaints198
BSE Resolved Complaints184
Percentage of resolved BSE complaints92.93 %
NSE Complaints218
NSE Resolved Complaints217
Percentage of resolved NSE complaints99.54 %
BSE/NSE Complaint vs. Resolved Percentage96.24 %


In conclusion, Explore Sharekhan’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Sharekhan can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.