Sharekhan is one of the leading retail brokerage and is owner by CitiVenture since 1992.Earlier it was the retail broking arm of the Mumbai based SSKI Group, which has over eight decades of experience in the stock broking business. Sharekhan offers its customers a wide range of equity related services including trade execution on BSE, NSE,Derivatives, depository services, online trading,investment advice etc. It is being sold to BNP Paribas on July 30, 2015. Will keep on updating the latest changes which are going to take place.
Sharekhan’s ground network includes over 700+Shareshops in 130+ cities in India.
Sharekhan Brokerage Charges
Account Opening Fees & Annual maintenance charges (AMC)
Trading Account Opening Charges (One Time): Rs 750 (Classic Account), Rs 1000 (Trade Tiger Account)
Trading Annual maintenance charges (AMC): Rs 400 (First year remains free)
Demat Account Opening Charges (One Time): Included in trading account opening charges
Demat Account Annual Maintenance Charges (AMC): Rs. 400 (Free for 1st year with trading account.)
Trading Brokerages for
Brokerage with Sharekhan would depend on the type of account you are opening with them.
Postpaid Brokerage Plans
This is one of the unique plans which is provided by Sharekhan. In this the brokerage is based on the margin money you keep in the account. The higher the margin money in the account the lower the brokerage structure. The brokerage varies from .5% for 25K margin to .1% if you keep a margin of 20 lakhs.
Prepaid brokerage Plans
In this, you pay the brokerage upfront and higher you prepay the better deal you can get on the brokerage charges, It varies from .5% for delivery if you prepay Rs 600 semi annually to .1% for Rs 200,000 brokerage.
Apart from this, SSKI also provide new and innovative trading platform like trade tiger which is fast online trading platform. They have also just launched Sharemobile which is there app for stock trading. They also provide phone trading at no extra cost for investors who are not very computer savvy.
This is one of the well know brokers in India but there brokerage is on the higher side. So if you are a investor and not a trader it can be a good option for you. With there vast network of officer, you will surely be able to find one near your home.
Apart from this there are some negatives associated with them. The first being they don’t provide banking service. So you have to deposit or take the money from the brokerage account.
So it would be a good option to choose one of the discount brokers rather than ShareKhan as they are able to provide much lower brokerage rate and same account of service. The one which I like the most is RKSV Security. They have great customer service and I have also moved my trading account to them. For now the account opening charges are waived.
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