A Complete Guide to Sharekhan Brokerage Services and Charges
The third-largest stockbroker in India is Sharekhan (after ICICI Direct and HDFC Securities). Through its 1800 locations, which comprise branches and franchisees in more than 550 cities around India, and the online trading website Sharekhan.com, Sharekhan offers brokerage services.
For the Indian stock market, Sharekhan.com is the best investment platform. The attractive website offers several investing alternatives, share market news, research studies, stock quotations, fundamental and statistical data on equities, mutual funds, initial public offerings, and much more.
Individual investors and traders, corporations, institutions, and NRIs are just a few of the diverse types of clients Sharekhan serves. Without a Demat account, it is now impossible to invest in the stock market. It was mandated in 2014 by the Securities and Exchange Board of India (SEBI). So it becomes crucial to choose a Demat account that best meets your needs.
Before diving into the Sharekhan brokerage services, let's first grasp some fundamental ideas.
Five Demat account costs you should be aware of
Types of accounts :
Basic service accounts and full-service accounts are the two sorts of Demat accounts, and the fees you pay depend on whatever type of account you have.
Account Opening Fees : Any DP, including banks, stock brokers, and online investing platforms, allows you to create a Demat account. Each option may have a different cost for starting an account.
Brokerage Charges : When you purchase and sell shares, you pay for the services provided. There are various brokerage fees used by different DPs. The majority of brokers typically charge brokerage as a percentage.
Annual maintenance charges (AMCs) : To keep your account active, you must make a yearly payment in a set amount. Before selecting a particular solution, you should think about this vital element. AMC is what most DPs bill. A few companies, meanwhile, tend to waive the fees for the first year and then charge based on the volume of transactions that are made during that year.
Charges and services : For owners of Demat accounts, several DPs provide a wide range of services. However, to use the services you will have to pay a service fee.
Sharekhan Charges 2022
1. Brokerage Charges
Intra-day | 0.50% |
Delivery | 0.10% |
Equity Futures | 0.10% |
Equity Options | Rs 50 per lot |
Currency Future | 0.10% |
Currency Options | Rs 30 per lot |
Commodity | 0.03% |
2. Account Opening Charges
Trading Charges [One Time] | Nil |
Trading AMC [Yearly] | Rs. 0 |
Demat Charges [One Time] | Rs. 0 |
Demat AMC [Yearly] | Rs 400 (Free for 1st year) |
Margin Money | 75% Margin |
3. Transaction Charges
Equity Delivery | NSE: 0.00325% and for BSE: 0.00275% |
Equity Intraday | NSE: 0.00325% and for BSE: 0.00275% |
Equity Futures | NSE: 0.00190% and for BSE: 0.00050% |
Equity Options | NSE: 0.0500% and for BSE: 0.00050% |
Currency Futures | NSE: 0.00135% and for MCX: 0.00130% |
Currency Options | NSE: 0.04220% and for MCX: 0.03220% |
Commodity | MCX (Non-Agri):0.00230% and for MCX (Agri): 0.00095% |
4. Other Charges
Reactivation Charges | Rs 20 per instruction |
Account Closure Charges | Rs 25 per instruction |
Dematerialization 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) |
DP charges | Rs 16 per scrip |
Why choose Sharekhan as your Brokerage Service provider?
Sharekhan provides a variety of trading platforms to meet consumer needs. This comprises trades conducted through branch offices, call-n-trade, mobile, installable terminals, and internet browser-based trading.
To accommodate varied customer needs, it provides several brokerage slabs. The more you trade, the less you pay in brokerage.
Investors may get online and in-person training, seminars, and workshops from Sharekhan.
Online bank account transfers and fund payouts to bank accounts are free on Sharekhan.
DP transactions are free at Sharekhan. It costs nothing to transfer shares to and from a DP account.
The Call & Trade feature on Sharekhan is free.
Comments