• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

RoutineWealth - Finance | Investing | Money | Wisdom

  • Flash Opportunities
  • Big Trends
  • Finance
  • Your Wealth

Sharekhan Brokerage Charges & Brokerage Plans Review

By

In terms of client volume, Sharekhan is the country’s third largest stock broker. Let’s take a closer look at Sharekhan Brokerage Fees and Sharekhan Brokerage Plans.

Sharekhan is India’s largest independent retail brokerage. They provide a diverse range of services. They’ve made it such that anyone may invest in the stock market. The main mode of operation is through the various branches and the informative website that has been established.

Brokerage Fees at Sharekhan

The brokerage fees charged by any broker are one of the most talked-about topics. Sharekhan brokerage prices are quite flexible as a reputable organisation.

Brokerage Fees for Intra-Day Trades at Sharekhan: They charge 0.1 percent on the purchase side and 0.1 percent on the sale side for intra-day trades. Each share has a five-paise minimum brokerage charge. The brokerage price for a share worth less than Rs 50 is five paise.

Brokerage Fees for Delivery-Based Trades at Sharekhan: The company charges 0.5 percent on the purchase side and 0.5 percent on the sale side in this situation. This equates to a minimum of around 10 pence per share. The brokerage cost for a share worth less than Rs 20 is 10 paise. When the total value of the trade is less than Rs 3200, however, a brokerage fee of Rs 16 is charged. However, this is only applicable to sell delivery deals.

Brokerage Fees for Equity Futures on Sharekhan: Traders must pay 0.10 percent on the first leg and 0.02 percent on the second leg if the contract is squared on the same day. Traders must pay 0.10 percent if the squaring takes place on a different day.

Brokerage Fees for Equity Options at Sharekhan: Sharekhan charges Rs 50 per lot, or 2.5 percent of the premium, for each lot. They levy the amount that yields the most money.

SegmentBrokerage Fee
Flat Monthly FeeNA
Intra-day0.50%
Delivery0.10%
Equity Futures0.10%
Equity OptionsRs 50 per lot
Currency Future0.10%
Currency OptionsRs 30 per lot
Commodity0.03%

Sharekhan Brokerage Plans

The Broking house provides various types of brokerage plans, lets dig deep into the same.

Sharekhan Basic Brokerage Plan

SegmentBasic Plan
Intra-day0.10%
Delivery0.50%
Equity Futures0.10%
Equity OptionsRs.100 per Lot or 2.5% of Premium (whichever is higher)
Currency Future0.10%
Currency OptionsRs 30/- per lot or 2.5% on premium (whichever is higher)
Commodity0.10%

Sharekhan Post Paid Brokerage Plans

The Post paid plan of Sharekhan brokerage charges varies with Margin Amount, higher margin amount leads to low brokerage rate.

Postpaid Plans – New TraderPostpaid – Day Trader
Margin Amount25,00030,00040,00050,0001,00,0003,00,0005,00,00010,00,00020,00,000
Intraday0.10%0.10%0.09%0.07%0.05%0.04%0.03%0.02%0.02%
Delivery0.50%0.50%0.45%0.40%0.25%0.20%0.18%0.15%0.10%
Futures0.10%0.10%0.09%0.07%0.05%0.04%0.03%0.02%0.02%
Future next day0.10%0.10%0.09%0.07%0.05%0.04%0.03%0.02%0.02%
OptionRs.100 per LotRs.100 per LotRs.95 per LotRs.80 per LotRs.70 per LotRs.50 per LotRs.40 per LotRs.30 per LotRs.25 per Lot

You can choose a Postpaid plan from the chart above in addition to the basic plan. There are various sub-plans and tiers to pick from, depending on your needs.

Check the margin amount required; if you choose the largest margin account, you will be required to pay the lowest brokerage.

Prepaid Brokerage Plans from Sharekhan

The amount of prepaid brokerage paid by the client governs pre-paid plans. A lower brokerage rate is the result of a higher pre-paid brokerage fee. Let’s have a look at all of the options.

6 Months Prepaid PlanAnnual Prepaid Plan
Brokerage AmountDefault7501,0002,0006,00018,00030,00060,0001,00,0002,00,000
Intraday0.1%0.1%0.09%0.07%0.05%0.04%0.03%0.02%0.015%0.005%
Delivery0.5%0.5%0.45%0.4%0.25%0.2%0.18%0.15%0.1%0.08%
Futures0.1%0.1%0.09%0.07%0.05%0.04%0.03%0.02%0.015%0.005%
Future Next Day0.1%0.1%0.09%0.07%0.05%0.04%0.03%0.02%0.015%0.005%
OptionRs.100 per LotRs.100 per LotRs.95 per LotRs.80 per LotRs.70 per LotRs.50 per LotRs.40 per LotRs.30 per LotRs.25 per LotRs.10 per Lot

You can select any plan from the brokerage limit offered, and the same brokerage rate will be valid for 6 months. You can select any plan from the list above, and the following brokerage fee will be charged. The lesser the brokerage taken, the higher the brokerage amount.

Sharekhan Charges – Others

There are few other charges apply for demat account opening & trading into the stock market. These charges are very minimal.

Other Charges
SEBI Turnover Charges0.00005% (₹5/Crore)
STTEquity Delivery: 0.1% on both Buy and SellEquity Intraday: 0.025% on the Sell SideEquity Futures: 0.01% on Sell SideEquity Options: 0.05% on Sell Side(on Premium)Commodity Futures: 0.01% on sell side (Non-Agri)Commodity Options: 0.05% on sell sideCurrency F&O: No STTOn Exercise transaction: 0.125%Right to entitlement: 0.05% on sell side
Stamp Duty(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST18% on (Brokerage + Transaction Charge + SEBI Fee)
Margin Funding Charges75% Margin
Reactivation ChargesRs 20 per instruction
Account Closure ChargesRs 25 per instruction
Dematerialisation ChargesRs 5 per certificate
Pledge Creation0.03% of the value of the transaction (Min Rs 100)
Pledge InvocationRs. 17.5 per scrip
Margin Pledge/Unpledge/ Pledge closureRs. 12.5 per scrip
Margin RepledgeRs. 12.5 + Rs. 12.5 (Rs. 25 per scrip)

There are two additional charges in addition to the ones indicated above.

  • Turnover at SEBI is INR 5 per crore.
  • Stamp Duty – Stamp duty rates range from 0.001% to 0.007%. (depends on state)

The fees shown above are in addition to the brokerage fees charged by Sharekhan. Although these fees are insignificant, they have no bearing on the ROI.

Sharekhan Review

In Sharekhan, you can open a trading and demat account for free. Traders must, however, pay maintenance fees after one year. It is Rs 400, however it may change depending on market conditions. Traders can also choose from a variety of post-paid and pre-paid options on Sharekhan.

Paying advance brokerage fees reduces it to a significant extent. One must keep margin money in their account to participate in the Post-Paid programme. It ranges from $25,000 to $200,000, depending on the service that a trader desires.

For some, the Sharekhan brokerage fees appear to be extremely exorbitant, yet the service is well worth it. Furthermore, the internet site is very transparent regarding their policies, and Sharekhan also offers NRI trading possibilities.

In the event of an issue, a trader should always contact customer service to learn the necessary steps. The levying of service charges is a legal requirement. Overall, the site is highly instructional and beneficial to newcomers to the stock market. You can also check the trade desk Inc to lean more.

Filed Under: Finance

Primary Sidebar

Most Popular Articles

“IMPERIUM”: The No. 1 Investment of the 2020s

“IMPERIUM”: The No. 1 Investment of the 2020s

Could this odd-looking machine really be the most transformative innovation in history? It’s about to spark the biggest investment mega trend in history … with one small Silicon Valley company at the center of it all. ... [Read More] about “IMPERIUM”: The No. 1 Investment of the 2020s

Wall Street Legend: Move Your Money BEFORE November 2nd

Wall Street Legend: Move Your Money BEFORE November 2nd

Wall St. banks & billionaire investors see this change coming - and have quietly been piling more than $108.5 BILLION into a certain sector of the market. Now legendary investor, Chris Rowe is coming forward, to make sure mainstream investors are prepared for what’s about to happen. ... [Read More] about Wall Street Legend: Move Your Money BEFORE November 2nd

Wall Street “Prophet” Says Buy TaaS Now

Wall Street "Prophet" Says Buy TaaS Now

Legendary investor who bought Apple at $1.42 says "TaaS" will radically change your life over the next few years - and could make you rich. ... [Read More] about Wall Street “Prophet” Says Buy TaaS Now

Legendary Stock-Picker Predicts Best Performing Stock of 2021

Legendary Stock-Picker Predicts Best Performing Stock of 2021

Man who made TWENTY-THREE 1,000% recommendations just unveiled his #1 stock, live on camera ... [Read more] about Legendary Stock-Picker Predicts Best Performing Stock of 2021

You May Also Like:

Footer

  • Home
  • Flash Opportunities
  • Big Trends
  • Finance
  • Terms and Conditions
  • Privacy Policy
  • Contact Us

Disclaimer

Nothing on this website should be considered personalized financial advice. Any investments recommended here in should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

RoutineWealth, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above.

The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation.

The Company is not affiliated with, nor does it receive compensation from, any specific security.

Copyright © 2023 · RoutineWealth.com