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Sharekhan was organized in February 2000 in Mumbai, India. It ranks among the top Indian companies offering online trading services. The Sharekhan trading company was founded by Shripal Morakhia, and Jaideep Arora is the CEO of this company. A BNP Paribas subsidiary is Sharekhan.
It has 20 lakh customers in 150+ branches. They execute nearly 400,000+ trades daily. Available trading instruments and financial assets on Sharekhan are equity, commodities, indices, shares, ETFs, stocks, bonds, etc. Various trading platforms are available on Sharekhan, such as the website, Mini, app, and TradeTiger. Telebrokers are available on Dial-N-Trade. They provide customer support through 750+ service managers.
Table 1: Sharekhan Overview
 Sharekhan Highlights |
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Regulated By |
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Headquarters |
Mumbai |
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Account Types |
Classic Account Tradetiger Account |
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Demo Account |
No |
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Islamic Account |
No |
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Minimum Deposit |
$0 |
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Payment Method |
Bank Transfers Debit Cards Credit Cards |
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Trading Platforms |
Tradetiger Sharekhan Website Sharekhan App Dial-N-Trade Sharekhan Mini |
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Assets |
Funds Options & Futures Stock and ETFs Bonds |
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Commission |
NO |
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Inactivity Fee |
NO |
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Deposit & Withdrawal Fee |
NO |
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Customer Support |
24/5 |
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Registered Address |
Sharekhan Limited, 10th Floor, Beta Building, Lodha Ithink Techno Campus, Off. Jvlr, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra |
Share Khan – Knowledge Bites
Share Khan has a long history in the financial sector and has proven to be a trustworthy partner for investors looking for inclusive trading solutions. Share Khan’s simple and intuitive platform makes it simple to place trades and keep track of your investments with ease, regardless of your level of experience. Share Khan offers individualized advisory services, adjusting investment plans to fit your risk tolerance, monetary objectives, and time horizon. With Share Khan’s mobile application, you can trade while on the go and manage your investments from your smartphone, wherever you are. Share the webinars, seminars, and educational materials offered by Khan to help you become a more knowledgeable investor.
Image 1: Home page of the Swissquote website
Image Copyrights reserved to Sharekhan
Sharekhan was authorized and regulated by the following financial units, and also they are a member of that units.
Reserve Bank of India – RBI
Securities and Exchange Board of India – SEBI
Bombay Stock Exchange India – BSE India
National Stock Exchange India – NSE India
Metropolitan Stock Exchange of India Limited – MSEI
Central Depository Services (India) Limited – CDSL
National Securities Depository Limited – NSDL
Multi Commodity Exchange of India Ltd – MCX
Sebi COmplaints REdress System – SCORES
National Commodity and Derivatives Exchange Limited – NCDEX
Sharekhan does not provide advice or tips on the phone for the stock market. If you get any “Phone Calls” or “SMS” for tips – from the name of Sharekhan, they provide a complaint register service via the Android App. The complaint register “DND” android app is offered by TARI.
Image 2: Securities terms on Sharekhan.
Image Copyrights reserved to Sharekhan
Sharekhan has been operating for over twenty years. They provide a free, customizable Demat account. They receive different awards from numerous financial sectors. The winning awards are recognized for Sharekhan service and trustability.
Image 3: Awards and Recognition on Sharekhan.
Image Copyrights reserved to Sharekhan
Table 2: Awards received for the Excellency of Sharekhan for various domains
 Award |
Awarded by |
|---|---|
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A top performer in active accounts at the NSDL Star Performer Awards 2018 |
NSDL star performer awards 2018 NSDL Star Performer Awards 2018 |
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Best performing retail member at the NSE Market achievers awards 2018 |
NSE Markets Achievers Awards 2018 |
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A second-top performer in new accounts opened the NSDL star performer awards in 2018. |
NSDL Star Performer Awards 2018 |
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Leader in the Go Green initiative NSDL Star Performer Awards 2018 |
NSDL Star Performer Awards 2018 |
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Best commodity retail broking house awards |
MCX Awards in 2018 |
You can trade in a variety of markets, such as stocks, ETFs, mutual funds, securities, futures, and options, but it does not offer CFDs or crypto. It offers access to two Indian stock exchanges, the NSE and the BSE.
Funds
Options & Futures
Stock and ETFs
Bonds
Sharekhan offers a selection of mutual funds from both domestic and international providers.
Trading futures and options on the NSE and MCX exchanges is permitted by Sharekhan.
Sharekhan provides access to 2 Indian stock exchanges which include the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Sharekhan provides its customers with 4 online trading platforms.
TradeTiger
Sharekhan Website
Sharekhan App
Dial-n-Trade
Sharekhan Mini
It has created a desktop trading platform called Trade Tiger. English, Gujarati, Marathi, Hindi, and Tamil are all supported languages on this trading platform. It offers excellent customization, multiple order types, and a convenient search. But it is not well designed and has no two-step login.
Image 4: TradeTiger platform on Sharekhan.
Image Copyrights reserved to Sharekhan
There is an English version of this mobile trading platform. This app is accessible for Android and iOS users with access to high-speed broadband network connectivity. It also offers the Sharekhan Mini app, which is created for clients with 2G connections. It is the most basic lite version.
Sharekhan App Available on – Android (Google play store), iOS (Store)
Image 5: Mobile app on Sharekhan.
Image Copyrights reserved to Sharekhan
This web platform of Sharekhan is also called the Sharekhan website, which is only available in English. It is user-friendly and very simple but sophisticated. However, it does not have customization options.
Image 6: Web Trading on Sharekhan.
Image Copyrights reserved to Sharekhan
Dial-n-Trade is a free service that allows the trader to place orders over the phone through separate phone numbers.
Image 7: Dial and Trade option on Sharekhan.
Image Copyrights reserved to Sharekhan
Table 3: Dial and Trade – Trading times on Sharekhan
 ASSETS |
 DIAL AND TRADE TIMINGS |
|---|---|
|
Equity and derivatives Currency form |
8:30 AM to 4:30 PM 9:00 AM to 5:00 PM |
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Commodity |
9:00 AM to market closing time |
For users who prefer to trade using their mobile devices or have limited Internet bandwidth, SharekhanMini was created. SharekhanMini helps investors invest in mutual funds, trade in NSECURR, MCXCURR, and MCX, and track their portfolios.
Image 8: SharekhanMini on Sharekhan.
Image Copyrights reserved to Sharekhan
To accommodate various customers’ needs, Sharekhan offers four different account types. There are four types of accounts: First Step (for beginners), Classic (for investors), Trade Tight (for active traders), and Advisory (for High-Net-Worth Investors, or HNIs).
Available Account Types on Sharekhan
Classic account
TradeTiger account
It allows traders to buy and sell stocks and provides features like multiple watch lists, integrated banking, and instant credit and debit. The users will get an online trading account and free trading through the dial-n-trade method. Traders can deposit automatic funds with phone banking if they have bank accounts at Citibank and HDFC.
Sharekhan’s Classic Account provides professional advisors, and traders can get an instant cash transfer against the sale and purchase of shares. It also allows traders to invest in IPOs and has a single-face interface for cash and derivatives.
Image 9: Classic Account on Sharekhan.
Image Copyrights reserved to Sharekhan
A web-based operating system called TradeTiger Account is designed for active traders who frequently trade during day trading sessions. The Trade Tiger account’s most-used features include those listed below. Traders will get the same platform for multiple transactions (BSE, NSE, MCX, and NCDEX) in this account. It also shows multiple market tracks on the same screen and hotkeys.
With 12 banks as partners, it offers numerous tools for online money transfers, like Tick Market, Ticker, Market Summary, Action Watch, Option Premium Calculator, and Spawn Calculator. In this account, traders can get Average, Band-Polinger, No Sure, MACD, RSI, etc.
Image 10: TradeTiger Account on Sharekhan.
Image Copyrights reserved to Sharekhan
A Demat account is required for every trader who wants to invest in the Indian stock market. You can open a 3-in-1 Demat account with Sharekhan without any prospective customers, and you are allowed to sign in as a resident or non-resident Indian.
Image 11: Demat Account on Sharekhan
Image Copyrights reserved to Sharekhan
Table 4: Steps for creating a Sharekhan account
 To create an account on Sharekhan, follow these steps: |
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Click on the Sharekhan website Click on the "Open an Account" link on the website Register to open an account by providing your Name, email, Mobile number, and City. To finish the account opening process, a representative will call you.
You must have the following documents ready to complete the process. Copy of pan card, Proof of Location Aadhar Card Ration Card Passport Driving License Bank Report not exceeding 2 months 2 copies of the Latest passport size photo Saving Account Details Check the printed name or Passbook front page and 2 copies of the latest transaction entry or latest bank statement.
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Table 5: Account types and charges on Sharekhan
| Types of Account | Account Opening Charges | AMC Charges | |
|---|---|---|---|
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Trading Account |
Classic Account |
Trade Tiger Account |
Rs 0 |
|
Rs 750 |
Rs 1000 |
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|
Demat Account |
Rs 0 |
Rs 450 |
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Sharekhan offers a wide range of services to investors of all kinds.
Loan against securities
Sharekhan room
NRI services
Investment cart
InstaMF
NEO
IPO
Security against Loans helps traders meet immediate financial needs by mortgaging their securities. This loan allows them to retain their investment and enjoy the benefits of the loan. The traders can retain ownership of guaranteed investments. They can get a loan of 50,000 with a good CIBIL score, and the portfolio value should be at least Rs. 1,00,000.
Traders can start trading after getting training online with Sharekhan Classroom. Traders can learn the basics of trading and investing, which is the way to evaluate stocks and trade for free. This Sharekhan room is available in Hindi and English.
This India’s leading brokerage firm helps the NRIs meet all their financial needs, which also simplifies the markets and makes the right investments.
The investment cart is an improved form of a watch list that offers buying options and similar stock recommendations. It allows you to quickly contact the relationship manager.
It is a lifetime-free account to invest in mutual funds, and traders can sign up for InstaMF in minutes. It offers a SIP option to invest in mutual funds.
It helps the trader make investment decisions for their financial goals. It is an automated investment tool that recommends MF investments depending on financial goals. It will ask the traders some questions to understand the risk, time limit, and investment amount. It will recommend mutual fund schemes for investment. Based on your answers,
Sharekhan offers an online IPO facility to its customers. With Sharekhan, the application process for initial public offerings is entirely online, very straightforward, and quick. Even though they have IPOs on the BSE and NSE, Sharekhan clients don’t have to fill out or sign paper applications in order to make an application for the shares being offered.
There are no Deposit and withdrawal fees, but you can only use the bank transfer. The processing time for Depositing and withdrawal is several business days while credit and debit card payments are instantaneous.
The DP charges for delivery-based equity selling charges only for the sell-side is Rs 16 for every exchange. The instant payment gateway for more than 14 banks charges Rs 9 for every fund transfer. Dematerialization charges Rs 5 for every certificate, Rs 50 for each certificate, and Rs 50 for each hundred securities. The pledge Creation charges 0.03% of the worth of the exchange.
Table 6: Brokerage charges for different trades on Sharekhan
 Brokerage Charges |
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|---|---|
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Equity Delivery Equity Intraday Equity Futures Equity Options Currency Futures Currency Options Commodity Options Minimum Brokerage Charges Transaction Brokerage Charge SEBI Turnover Charges Stamp Duty Charges GST Charges STT Charges Call and Trade Charges |
0.50% 0.10% 0.10% Rs.100 per Lot or 2.5% on 0.10% Rs.30 per Lot or 2.5% on Premium 0.10% Rs.20 0.00275% of Total Turnover 0.0002% of Total Turnover As per the state 18% of (Brokerage + Transaction Charges) 0.0126% of Total Turnover Rs 20 |
Depending on whether you trade intraday or not, Sharekhan’s forex and exchange margin funding (EMF) rates change. The other type of margin trading has a rate of 1:2, while the intraday forex exchange rate is 1:6.
Table 7: Various leverages on Sharekhan products
 Leverage |
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|---|---|
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Equity Delivery Equity Intraday Equity Futures Equity Options Currency Futures Currency Options Commodity |
Up to 15x Up to 32x Up to 15x Up to 10x Up to 8x Up to 10x Up to 10x |
Sharekhan provides appealing plans at a prudent cost. The ProStocks month-to-month plan mainly focuses on equity cash and currency F&O at Rs. 899 and Rs. 499. The coupons give up to half the limit at their brokerage rates. Happy Hours is the specific time slot where traders get the services of brokers at a discount. It provides free delivery trading for one month, called OneTradePlus. Holiday offers are provided to their traders at a discounted rate on special festivals like Diwali. It provides a discount to new clients who sign up by using the referral code. It gives a refund of money on loss trades.
Image 12: Refer friends benefits on Sharekhan.
Image Copyrights reserved to Sharekhan
The news, which includes market wraps, corporate news, and macro data, can be found under the ‘Market’ section. You can also find related news under specific assets. The news flow is not very high, as most items are less than concise snippets and lack some details and charts or visuals.
It is the first financial education center in Mumbai, and it has expanded to six locations across the country, which include Bangalore, Ahmedabad, Hyderabad, Chennai, and New Delhi. Traders can enjoy a unique education through the courses about the spectrum of business styles and property classes. Short-term trading, swing trading, position trading, stocks, options, futures, and currencies It teaches the skills to make the best investment decisions through the Educational Partner Online Trading Academy. Experienced professional traders help the traders use the trading tool.
Image 13: Education section on Sharekhan.
Image Copyrights reserved to Sharekhan
Sharekhan has both advantages and disadvantages, which are listed in Table 8.
Table 8 : Pros and Cons of the Sharekhan Website
 Pros of Sharekhan |
 Cons of Sharekhan |
|---|---|
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In India, Sharekhan is well-known for being a trustworthy full-service broker.
Sharekhan offers an easy-to-use trading platform and a mobile app for trading while on the go. With numerous branches spread out throughout India, Sharekhan is physically present and provides in-person support. Enables convenient transactions by offering seamless integration of trading, demat, and bank accounts. Enables the efficient tracking and management of investment portfolios. |
Sharekhan may not provide international trading options because it primarily concentrates on the Indian market. The requirements for Sharekhan's margin funding facility may be stricter than those of some discount brokers. The brokerage fees at Sharekhan might be more expensive than those at some discount brokers. Hidden charges have reportedly been mentioned by some users. Periodic technical issues or platform outages have been reported by some users./p> |
Sharekhan supports customers via online support, Phone, FAQ section, and email support. It has 126 branches across the country, which allow investors to contact them through the toll-free number 1800-22-7500. But they don’t offer service around-the-clock.
Table 9 : Customer support service details of Sharekhan
 Customer support service details of Sharekhan |
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022-25753200 022-33054600( International) 022-61151111 |
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myaccount@Sharekhan.com |
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Image 14 : Customer support via FAQ and Live Chat on Sharekhan.
Image Copyrights reserved to the Sharekhan
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1. Is Sharekhan a viable option for mutual fund investments?Yes, Sharekhan makes it simple for investors to invest in mutual funds by giving them access to a variety of mutual fund schemes.
2. How do I sign up for an account on Sharekhan?
You can go to Sharekhan’s official website or a branch office to open an account with them. You must present the required paperwork, which includes your PAN card, identity documentation, and address verification.
3. Is Sharekhan mobile trading possible?Yes, Sharekhan offers a mobile trading app, so you can trade and manage your investments while on the go.
4. What investment advisory services does Sharekhan offer?Yes, Sharekhan offers customized investment advisory services to support customers in making investment decisions based on their financial objectives and risk tolerance.
5. Does Sharekhan allow me to open a Demat account?The answer is that you can open a Demat account with Sharekhan to store and manage your securities electronically.
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