Discover More – Click Here Now!
Sharekhan, established in 2000, is a prominent full-service brokerage firm in India. As a subsidiary of BNP Paribas, it offers a comprehensive suite of investment services, catering to both novice and seasoned investors. With a focus on technology-driven solutions and customer-centric services, Sharekhan has cemented its position in the Indian financial market.
This review provides an in-depth analysis of Sharekhan’s offerings, including its key features, regulatory status, trading instruments, platforms, account types, fees, and more, tailored for beginner traders seeking a user-friendly experience.
Sharekhan Key Features
- User-Friendly Platforms: Intuitive web and mobile platforms suitable for traders at all levels.
- Comprehensive Research: Access to in-depth market analysis and research reports to assist in informed decision-making.
- Educational Resources: A wealth of learning materials, including webinars and tutorials, to help beginners understand the markets.
- Customer Support: Responsive customer service available through multiple channels.
- Wide Range of Investment Options: Opportunities to invest in stocks, mutual funds, and more.
Sharekhan Regulatory Status & Licenses
Sharekhan operates under the regulation of the Securities and Exchange Board of India (SEBI), ensuring compliance with stringent financial standards. As a subsidiary of BNP Paribas, a global banking leader, Sharekhan benefits from robust oversight and financial stability.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| SEBI | INZ000171337 | No | No | India |
| NSE | 10733 | No | No | India |
| BSE | 748 | No | No | India |
| MCX | 56125 | No | No | India |
| NSDL | IN-DP-365-2018 | No | No | India |
| CDSL | IN-DP-365-2018 | No | No | India |
Compare Brokers Licensing & Regulation
Sharekhan Trading Instruments
Sharekhan offers a diverse range of trading instruments, primarily focusing on the Indian markets. Clients can engage in equities, derivatives (futures and options), mutual funds, bonds, and currency futures. However, access to international markets and commodities is limited.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Equities | 5,000+ | Up to 2x | Variable |
| Derivatives | Various | Up to 2x | Variable |
| Mutual Funds | 2,000+ | N/A | N/A |
| Bonds | Various | N/A | N/A |
| Currency Futures | 6 pairs | Up to 2x | Variable |
| Commodities | Limited | Up to 2x | Variable |
| ETFs | 130+ | N/A | N/A |
Compare Brokers Trading Instruments
Sharekhan Trading Platforms
Sharekhan provides multiple trading platforms to cater to diverse user needs:
- Web-Based Platform: Accessible through browsers, offering essential trading tools and features.
- TradeTiger: An advanced desktop application designed for active traders, providing real-time data, advanced charting, and customizable layouts.
- Mobile App: A user-friendly mobile application for trading on-the-go, equipped with essential features and notifications.
| Platform | Availability | Features |
|---|---|---|
| Web Platform | Web | Basic trading tools, portfolio management |
| TradeTiger | Desktop | Advanced charting, real-time data, customization |
| Mobile App | iOS, Android | Trading, alerts, portfolio tracking |
| Sharekhan Mini | iOS, Android | Optimized for low bandwidth, essential features |
| InvesTiger | iOS, Android | Curated stock baskets, investment tracking |
Compare Brokers Trading Platforms
Sharekhan Mobile App
Sharekhan’s mobile app is designed to provide a seamless trading experience for users who prefer trading on-the-go. The app offers real-time market updates, the ability to place orders, and access to research reports. Its intuitive interface makes it suitable for both beginners and experienced traders.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| User-Friendly Interface | 4.2 | 4.0 |
| Real-Time Updates | 4.5 | 4.3 |
| Research Access | 4.0 | 4.1 |
| Notifications | 4.3 | 4.2 |
| Portfolio Management | 4.4 | 4.3 |
| Secure Login | 4.6 | 4.5 |
Sharekhan Account Types
Sharekhan offers several account types to cater to different investor needs:
- First Step Account: Designed for beginners, offering basic trading facilities and educational resources.
- Investor Classic Account: Tailored for investors focusing on long-term investments, providing access to research and portfolio management tools.
- TradeTiger Account: Meant for active traders, offering advanced trading tools and platforms.
- Advisory Account: For high-net-worth individuals seeking personalized advisory services.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| First Step | ₹0 | Up to 2x | Variable | Yes |
| Investor Classic | ₹0 | Up to 2x | Variable | Yes |
| TradeTiger | ₹0 | Up to 2x | Variable | Yes |
| Advisory | ₹0 | Up to 2x | Variable | Yes |
| Discount Broking | ₹0 | Up to 2x | Variable | Yes |
Sharekhan Commissions & Fees
Sharekhan follows a structured fee system that includes brokerage charges, account maintenance fees, and other applicable costs. Below is a detailed breakdown:
- Equity Delivery Brokerage: 0.30% on the transaction value or a minimum of 1 paisa per share.
- Equity Intraday Brokerage: 0.02% on the transaction value or a minimum of 1 paisa per share (each side).
- Equity Options Brokerage: INR 39 per lot (each side).
- Commodity Options Brokerage: INR 20 per lot (each side).
- Currency Options Brokerage: INR 5 per lot (each side).
- Futures Brokerage (across Equity, Commodity & Currency): 0.02% per transaction value (each side).
- Account Maintenance Charges (AMC): Free for the first year; ₹400 per annum thereafter.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Equity Delivery Brokerage | 0.30% | 0.20% | 0.15% | 0.25% |
| Equity Intraday Brokerage | 0.02% | 0.015% | 0.01% | 0.018% |
| Equity Options Brokerage | INR 39 per lot | INR 35 | INR 30 | INR 37 |
| Commodity Options Brokerage | INR 20 per lot | INR 18 | INR 15 | INR 19 |
| Currency Options Brokerage | INR 5 per lot | INR 4.5 | INR 4 | INR 4.8 |
| Futures Brokerage | 0.02% per trade | 0.015% | 0.01% | 0.018% |
| Account Maintenance Charges | ₹400/year | ₹300/year | ₹200/year | ₹350/year |
Sharekhan does not charge an inactivity fee, making it cost-effective for investors who trade occasionally.
Compare Brokers Commissions & Fees
Sharekhan Deposit & Withdrawals
Sharekhan provides multiple methods for deposits and withdrawals, ensuring fast and secure transactions.
- Online Transfer via Payment Gateway: Instant fund transfers via net banking or debit cards from linked bank accounts. A nominal fee of ₹10 to ₹20 may apply per transaction.
- UPI Transfers: Instant and free of charge.
- NEFT/RTGS/IMPS: Typically free but depends on the bank. Processing time is usually 2-3 hours.
- Cheque/DD: Traditional methods may take up to 2-3 days to process.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Online Transfer | ₹10-₹20 | Nil | Instant |
| UPI | Nil | Nil | Instant |
| NEFT/RTGS/IMPS | Nil | Nil | 2-3 hours |
| Cheque/DD | Nil | Nil | 2-3 days |
Withdrawals can be initiated directly from the trading platform, with funds typically credited within 24 hours.
Compare Brokers Deposits & Withdrawals
Sharekhan Customer Support
Sharekhan provides extensive customer support through various channels.
- Support Channels: Phone, Email, and Live Chat.
- Availability: Market hours, with extended support for commodity trading.
- Languages: Multiple regional languages available.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Phone | 8:30 AM – 4:30 PM | Immediate | Multiple |
| 9:00 AM – 5:00 PM | Within 24 hrs | Multiple | |
| Live Chat | 9:00 AM – 5:00 PM | Immediate | Multiple |
Compare Brokers Customer Support
This multi-channel approach ensures traders get timely assistance.
Sharekhan Education & Research
Sharekhan prioritizes educating traders through its extensive research and learning modules.
- Learning Modules: Over 25+ modules designed for traders of all levels.
- Webinars & Tutorials: Regular online training sessions.
- Market Research Reports: Covers equities, commodities, forex, and mutual funds.
| Resource Type | Availability | Quality |
|---|---|---|
| Learning Modules | Yes | High |
| Webinars & Tutorials | Yes | High |
| Market Research | Yes | High |
These resources help beginner traders gain valuable insights and trading knowledge.
Compare Brokers Education Center
Sharekhan Google Reviews & Reputation
Sharekhan has a strong online reputation, with positive ratings across platforms.
| Rating Factor | Score (out of 5) |
|---|---|
| Trustpilot Rating | 4.0 |
| App Store Rating | 4.2 |
| Google Play Rating | 4.0 |
These ratings highlight Sharekhan’s consistent performance and reliability.
Compare Brokers Trustpilot reviews
Sharekhan Bonuses & Promotions
Sharekhan offers various promotions for new and existing traders.
- Free Account Opening – ₹0 account opening fees for new users.
- Referral Program – ₹500 for every successful referral.
- Discounted Brokerage Plans – Reduced rates for first-time traders.
- Exclusive Trading Webinars – Free access to advanced trading sessions.
Sharekhan Advantages & Disadvantages
Every broker has strengths and weaknesses. Below is a summary of Sharekhan’s pros and cons.
| Pros | Cons |
|---|---|
| Easy-to-use trading platforms | Higher brokerage compared to discount brokers |
| Extensive research & analysis | No access to international markets |
| Strong customer support | No negative balance protection |
| Good educational resources | Account maintenance charges apply from Year 2 |
| Mobile trading with real-time alerts | Limited commodity trading options |
Final Thoughts
Sharekhan is a well-established brokerage firm that provides an excellent trading platform for beginners. It offers a user-friendly experience, strong research tools, and educational resources. While its brokerage fees may be slightly higher, the value-added services justify the costs.