Optimize Costs with Sharekhan Brokerage - Garv Thakur
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Sharekhan Brokerage Charges
Sharekhan is one of the largest stock brokers in India. It was incorporated in the year 2000 and provides its brokerage services by its website. It provides services to all kinds of customers that includes investors, traders, corporate, institutional and NRIs. It provides its execution facilities for the Equity Cash and derivatives segments on BSE and NSE, commodity facilities on MCX and NCDEX. Sharekhan is a very successful stock broker in India which has shown an incredible growth over the last 10 years. It has an excellent trading platform with the chain of franchises located in almost every part of India. It also has an international presence in UAE and Oman.
What is Sharekhan Brokerage Charges?
Brokerage is charged at the time of buying or selling any stock. It is charged as a commission by the stock broker. Sharekhan demat account brokerage charges or Sharekhan demat brokerage charges offer a broad range of brokerage plans and Sharekhan broking charges that are designed to cater the needs of various investors i.e., beginners, active traders. Sharekhan brokerage and other charges are associated with it. Segment wise Sharekhan brokerage rates such as brokerage charges for sharekhan in options trading and Sharekhan brokerage charges for commodity and Sharekhan derivatives brokerage charges and Sharekhan equity brokerage charges and Sharekhan futures brokerage charges is given in the below table.
Brokerage Charges of Sharekhan
The brokerage charges by Sharekhan completely depend on the brokerage plans chosen from the Sharekhan brokerage charges list and the segment in which one trade. Sharekhan latest brokerage charges offers two brokerage plans i.e., Classic and Prepaid plan.
How much brokerage fee in sharekhan
Segment | Brokerage |
Monthly Fee (Fixed) |
|
Equity Delivery | 0.50% |
Equity Intraday | 0.10% |
Equity Futures | 0.10% |
Equity Options | ₹50 per lot |
Currency Futures | 0.10% |
Currency Options | ₹30 per lot |
Commodity Futures | 0.03% |
Commodity Options | 0.03% |
Sharekhan Prepaid Account Brokerage Plan
Segment | Brokerage Fee |
Monthly Fee (Fixed) | ₹1,00,000 per year |
Equity Delivery | 0.10% |
Equity Intraday | 0.015% |
Equity Futures | 0.015% |
Equity Options | 0.05% or ₹63 per lot |
Currency Futures |
|
Currency Options |
|
Commodity Futures |
|
Commodity Options |
|
• Classic Brokerage Plan- The stock broker charge 0.50% for the equity Sharekhan brokerage charges for delivery and 0.10% for the Sharekhan brokerage charges for equity Intraday and sharekhan intraday charges in its classic standard brokerage plan. It is more suitable for the beginners and casual investors.
• Sharekhan Prepaid Brokerage Plan- The prepaid plans are there for ₹750 to ₹2 lakhs Sharekhan yearly charges subscription fee with the validity of 6 months to a year. The Sharekhan trading brokerage charges amount decreases as the amount of subscription fee increases.
Transaction Charges
Segment | Transaction Fees |
Equity Delivery | NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) |
Equity Intraday | NSE ₹325 per Cr (0.00325%) | BSE ₹275 per Cr (0.00275%) (each side) |
Equity Futures | NSE ₹190 per Cr (0.0019%) | BSE ₹50 per Cr (0.00035) each side |
Equity Options | NSE ₹5000 per Cr (0.05%) | BSE ₹50 per Cr (0.0005%) (on premium) |
Currency Futures | NSE ₹135 per Cr (0.00135%) | MCX ₹130 per Cr (0.00130%) |
Currency Options | NSE ₹4220 per Cr (0.04220%) | MCX ₹3220 per Cr (0.03220%) (on premium) |
Commodity | MCX (Non Agri) ₹230 per Cr (0.0023%) | MCX (Agri) ₹95 per Cr (0.00095%) |
Sharekhan Trading Taxes
Sharekhan charges various other charges such as government taxes and fees in addition to the brokerage. These trading taxes are shown in the contract note sent to the customer at the end of the day.
Other Charges | Rates |
Securities Transaction Tax (STT) |
|
GST | 18% on (Brokerage + Transaction + SEBI Fee) |
SEBI Charges | 0.0001% (₹10 per Cr) |
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) |
Conclusion
Sharekhan charges brokerage and other fees for its services. Sharekhan brokerage charges per share is not applicable as brokerage charges in Sharekhan is charges at the rate of per executed order. Customers can calculate Sharekhan brokerage charges using Sharekhan brokerage charges calculator and Sharekhan brokerage charges pdf available on its official website.
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Comments for Optimize Costs with Sharekhan Brokerage - Garv Thakur
Frequently Asked Questions
In case the customer forgot or lost their Sharekhan Login Id then they can get it back on their mobile or mail id at any time just by submitting an online request.
Steps to recover Sharekhan Login ID are:
• Visit the Sharekhan Website.
• Select the login or trade option in the top right.
• Click on the Forgot Id.
• Now, check on login Id.
• Enter the mobile number and mail.
• Validate the Captcha code.
• Click on the Submit Option, then the login will be sent to their mobile or mail as per their choice.
Yes, Sharekhan offers mutual funds SIP services.
Good-For-day is the validation period of order with Sharekhan. The orders that are placed under GFD are valid until the market closes on the day of the placing order and it will be executed as soon as the set price is available.
It takes maximum 24 hrs except the bank holidays.
No, Sharekhan do not offer the forex trading facility.
Sharekhan is known for bringing the new and innovative ways of investment. It helps its customers to earn more profits in the near future. It is a very trustworthy firm and one must feel safe being under them.
Trade Tiger is the Sharekhan desktop trading platform.
Sharekhan works on various platforms and this makes it very convenient for the users. It provides a pretty solid mobile trading facility. The platform works on high speed advancement and gets the work done in no time.
In order to open a trading account with Sharekhan, the account opening is free.
Sharekhan offers four types of accounts to suit the customers need:
• First Step (For Beginners)
• Classic (For Investors)
• Trade Tight (for Active Traders)
• Advisory (For HNIs)
Yes, while the bidding for the IPO shares is open, the customers can modify or cancel the IPO application placed online.
Pay-in options include Cheque, Online Bank Transfer via IMPS, NEFT or RTGS, UPI, Net banking/Payment Gateway from Reliance Smart Money Platform.
Pay-out/Fund Withdrawal- Bank Transfers only.
Sharekhan is a depository participant with both NSDL and CDSL depositories. The customers can choose from one of the depositories at the time of account opening. The Sharekhan DP Id on which depository you have the account with. Sharekhan DP Ids for NSDL and CDSL are:
NSDL DP Id: IN300513
CDSL Id: 12036000
No, Sharekhan is not free. The company charges brokerage and other fees for its services.
It is a part of Stop Loss order. When an individual places a stop loss order then you are required to enter two types of prices i.e. Trigger price and Limit Price. The stop loss order gets activated when the price of a security reaches or crosses the trigger price. The order is executed at the limit price as mentioned.
Yes, Sharekhan provides day trading and it increases the chance of doing excellent business of luring the customers in who are just as willing to put their money into action.
There are two ways to open an account with Sharekhan:
• Request a call back from Sharekhan representative for account opening.
• Now, visit the local branch or request a call back and their sales representative will call you in some time.
No, the users can’t utilize the trading account allocated funds for IPO. But they can transfer fund between the trading account and IPO account.
Yes, this stock broker provides news and live market alerts.
No, Sharekhan does not allows to have multiple trading accounts with the same.
Yes, Sharekhan provides the quarterly reports of equity and mutual funds.
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