Published on Wednesday, April 4, 2018 | Modified on Wednesday, May 30, 2018
|Good trading platforms for web, mobile etc.||No 3-in-1 account services.|
|Free Call & Trade facility.||Higher brokerage for low volume traders.|
|Multiple brokerage slabs to suits investors. Less brokerage for high trade.||No facility to place orders post trading hours.|
|Allows fixed deposits for option trading.|
|Good platforms for customer education and training.|
|Wide network of branches across India.|
|One of the trusted brands in the industry.|
Sharekhan began its operations in the year 2000. It was one of the first brokerage company to offer online trading services in India. In 2016, Sharekhan was acquired by BNP Paribas, a leading bank in Europe. BNP Paribas has a presence in 75 countries, with over 189,000 employees. It has been in India since 1860.
Sharekhan has over 16 lakh customers, 153 branches, 2400 business partners spread across over 575 locations in the country. Sharekhan trading platform executes over 400,000 trades daily.
Sharekhan offers many savings & investment solutions like equities, futures and options trading, portfolio management and research etc.
It also takes a lot of initiatives in investor education through online training, webinars, and reports etc. Sharekhan has partnered with California based Online Training Academy to provide various trading courses ranging from a month to a year. The courses are designed for beginners, intermediate and professional traders to sharpen their trading skills.
Sharekhan's TradeTiger is one of the oldest and most popular trading platforms in India. The platform was launched in 2007 and since has been used by millions of traders. TradeTiger is a trading application that allows traders to trade in options using their desktops and laptops. Some consider it as powerful as a broker terminal. Some of the key features of Sharekhan TradeTiger platform includes:
Sharekhan's mobile app allows you to trade from anywhere and has been designed in keeping your trading needs in mind. The app is available for both iOS and Android. Some of the key features of the app includes:
SharekhanMini is a light website designed for mobile phone users who live in low-speed internet areas. It works both on smartphone and basic 2G phones. Some of the major features of Mini are-
PatternFinder from Sharekhan is a tool that analyzes stocks and indices to identify profitable opportunities and delivers it to you.
The tool scans stocks in all supported markets every night, performs Technical Analysis to deliver charts, patterns and forecasts prices. The information is then delivered to you via SMS and email alerts, before the beginning of trading hours the next day.
This saves you a lot of time and effort as the tool does all the analysis for you and arms you with critical information and trading insights for the next trading day.
It is not a trading platform but a service. Dial-N-Trade comes free with your Trading Account and enables you to place orders through your telephone. All you need to do is dial to any one of the company's dedicated numbers (1-800-270-7050 or 1-800-22-7050 or 30307600), enter your TPIN number and on successful authentication, you'll be directed to a telebroker who will place the orders as per your wishes. Some of the other features of Dial-N-Trade are:
Sharekhan offers postpaid plans. To avail these plans, you need to deposit margin money as per the chosen plan. The brokerage reduces as you deposit higher margin money.
|Margin Money||Option Brokerage|
|₹25 K||Higher of 2.5% of premium or ₹100|
|₹30 K||Higher of 2.5% of premium or ₹100|
|₹40 K||Higher of 2.25% of premium or ₹95|
|₹50 K||Higher of 1.5% of premium or ₹80|
|₹1 Lakh||Higher of 1% of premium or ₹70|
|₹3 Lakh||Higher of 1% of premium or ₹50|
|₹5 Lakhs||Higher of 0.75% of premium or ₹40|
|₹10 Lakhs||Higher of 0.60% of premium or ₹30|
|₹20 Lakhs||Higher of 0.55% of premium or ₹25|
Sharekhan's pre-paid plans are available for 6 month and 1 year as shown below:
|Default||Higher of 2.5% of premium or ₹100|
|₹750||6 months||Higher of 2.5% of premium or ₹100|
|₹1000||6 months||Higher of 2.25% of premium or ₹95|
|₹2000||1 year||Higher of 1.5% of premium or ₹80|
|₹6000||1 year||Higher of 1% of premium or ₹70|
|₹18000||1 year||Higher of 1% of premium or ₹50|
|₹30000||1 year||Higher of 0.75% of premium or ₹40|
|₹60000||1 year||Higher of 0.50% of premium or ₹30|
|₹100000||1 year||Higher of 0.55% of premium or ₹25|
|₹200000||1 year||Flat ₹10|
|Equity Options||Currency Options||Commodity Options|
|Brokerage||As per Plan Selected|
|Transaction Charges||₹5000 Per Cr||₹4000 Per Cr||NA|
|GST||18% on (brokerage + transaction charges)|
|SEBI Turnover Charges||₹15 per Crore (0.00015%)|
|Securities Transaction Tax (STT)||0.017% on Sell||No STT||0.01% on Sell|
|Stamp Duty||As per State charges|
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