Sharekhan is one of the major stock brokers in India. Incorporated in the year 2000, by Shripal Morakhia, a Mumbai-based entrepreneur. It was acquired by the French banking group BNP Paribas in the year 2016. Therefore, it was rebranded as “Sharekhan by BNP Paribas”. In this post, let us know more about Sharekhan brokerage.
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Sharekhan Broker
ShareKhan is one of the oldest and most trusted share market brokers in India. It is a full-service broker that offers various trading platforms, portfolio management, and investment in mutual funds. At present, it operates with over 3000 outlets in 540+ cities across India.
Here we will discuss Sharekhan Demat Account, Sharekhan Brokerage Charges, Sharekhan Trading Platforms, Sharekhan customer care & Sharekhan account opening.
Products and Services offered by Sharekhan
1. Equities
2. Futures and Options (F&O)
3. Currency
4. Commodities
5. Mutual Funds
6. IPOs
7. ETFs
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Sharekhan Trading Platforms
1. Web Portal
Sharekhan web portal is smart and hassle-free, even for new traders and investors. It includes many features which are listed below:-
1. Easy track of your investments and purchases in your portfolio.
2. Learn the basics of the share market with their free courses.
3. Get all the information you need with three keywords.
4. Get detailed information about the stocks on Stocks Page.
5. You can get your problem solved through Live chat with CDR.
6. Easy trade in NSECURR, MCXCURR, and MCX.
7. Make investments in Mutual Funds.
2. Sharekhan Mini
ShareKhan Mini is specially designed for those who either trade through their mobile phones or have a low Internet speed. Some of its features are mentioned below:
1. It works hassle-free even on 2G Internet.
2. Trade-in MCXCURR, MCX, and NSECURR invest and make investments in Mutual Funds.
3. Easily track your portfolio with SharekhanMini.
4. Keep updated on your favorite stocks with a multi-exchange watch list.
5. Get live reports of the latest market events and their research calls.
6. Get all details about their futures and options in the tools and calculator section.
7. Securely transfer your funds from your bank to your trading account and vice versa.
3. ShareKhan App
With Sharekhan App, you can do trading, investments in stocks and mutual funds. Some of its features are as follows:
1. Easily works on 2G Internet without any hassle.
2. Trade facility in NSE, BSE, NSEFO.
3. The advanced search bar allows you to trade, invest, set alerts, and more.
4. Manage your portfolio.
5. You can trade in NSECURR, MCXCURR, and MCX and make investments in Mutual Funds too.
6. Keep track of all options contracts.
7. Get all market analyses with advanced charts and studies.
8. Get Global market news.
9. Transfer funds from your bank account to your Sharekhan trading account.
Click here to open FREE Demat & Trading Account
4. Sharekhan Trade Tiger
Sharekhan Trade Tiger is an advanced online desktop trading platform. You can easily operate it even if you are a beginner. Some of its features are listed below:
1. Advanced tools allow you to trade quickly at a single click.
2. Improve your trading by using their advanced charts and analysis.
3. You can place an order in advance such as big trades, build orders, bracket orders, and many more to trade efficiently.
4. Free access to online sessions.
5. Get access to real-time news and researches done by experts.
6. You can customize Sharekhan Trade Tiger according to you by making shortcuts, chats, multiple screens, etc.
5. Dial and Trade
Dial and Trade is a free service. Through this, you can place your trading orders via Telephone. Some of its features are mentioned below:
1. Get advice on all the market segments done by experts.
2. Get guidance and understand market trends.
3. Easy access to ShareKhan offices.
4. It is safe as all the calls are being recorded for safety purposes.
Timings for Dial and Trade
1. Equity and derivatives from 8:30 AM to 4:30 PM
2. Currency form 9:00 AM to 5:00 PM
3. Commodity from 9:00 AM to till the market closes
Contact details for Dial and Trade
1. 022-25752300 / 022-25752900
2. Local number – 022-33054900
Requirements for Dial and Trade
1. Phone ID ( IVR code )
2. TPIN
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Sharekhan Account Opening Eligibility
1. Applicant should be over 18 years of age.
2. The applicant must have Indian citizenship.
3. Both salaried and self-employed can apply.
Documents required
1. Address proof
2. Id proof
3. Your bank account details.
4. Latest year Income Tax returns details.
5. Applicants signature
Id proof documents:
1. Aadhar card
2. Pan card
3. Passport
For bank account details you can submit a cancelled cheque.
Note: Your signature on the account opening form needs to be the same as your bank records.
Sharekhan Account Opening Process
Just follow the below-mentioned steps for Sharekhan account opening:
1. Visit ShareKhan’s official website. Click here.
2. Next, enter your Aadhaar number, PAN, and contact details.
3. You will receive an OPT (one-time-password) on the mobile number that is linked to your both Aadhaar card to validate your details.
4. Once done, you will be contacted for the document verification through video call.
5. Once the verification is done, click on the e-sign button. You will receive an OTP on your mobile number. Enter it and your e-KYC is done.
6. After successful completion, you will receive your unique client code to start trading and investments.
Click here to open FREE Demat & Trading Account
Sharekhan Charges 2021
At present, the broker offers trading and Demat account as per the charges mentioned below:
1. Sharekhan Trading Account opening charges: Nil
2. Trading Account AMC: Nil
3. Sharekhan Demat Account charges (opening): Nil
4. Sharekhan Demat Account AMC: Rs.400 (Free for 1st year with trading account)
What are the brokerage charges in Sharekhan?
The current Sharekhan brokerage rate is given below:
1. Sharekhan Brokerage Charges 2021
2. Stock Intraday Trading: 0.10% per trade – buy or sell (Sharekhan brokerage intraday).
3. Stock Delivery Trading: 0.50% per trade – buy or sell.
Sharekhan Customer Care
Sharekhan has a huge client base of over 677 thousand clients across India. It is because of its strong communication network. Users have very high expectations from the broker in terms of customer services. You can contact Sharekhan Customer Care through various communication channels:
1. Email Id – myaccount@sharekhan.com
2. Phone Numbers – 022-25753200/500, 022-330546000, 022-61151111, 1800-22-7500
3. Whatsapp Number – 7506651112/3/4/5
4. Offline Address – There are more the 3000 branches across India where you can visit.
A quick link to open FREE an online Trading + Demat Account.
Advantages
1. Call and trade platform is free.
2. No charges on fund transfers from banks to the trading account and vice versa.
3. Free online classroom sessions.
4. Wide reach in more the 540 cities across India.
5. You will get expert research calls.
6. With branches across the country, you can walk in a branch to talk.
Disadvantages
Minimum brokerage fees of 10 paise per share and this makes it non-profitable to trade in stocks below Rs.20.
It does not offer 3 in 1 Demat account.
No facility for placing orders after trading hours.
Final Thoughts
ShareKhan broker is one of the oldest and trusted brokers in the country. It has been serving for the past 20 years. When it comes to brokerage charges Sharekhan charges a little more when compared with other brokers. If you are an occasional investor and do not care about brokerage charges then it suits you. In our opinion, if you do not care about brokerage charges you can opt for this broker.
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