Do you want to enter the Indian stock market? While searching, you might have come across Sharekhan. This is one of the oldest and most trusted full-service brokers in India. It started supporting investors way back in 2000. It is now a part of Mirae Asset, blending traditional support with modern technology.
In this blog, we will provide you with all the information you want to know about Sharekhan. Whether you are a fresher or a seasoned trader, we’ll discuss its features, pros and cons, charges, and even how to get started. By the time you’re done with this, you’ll have a good idea in your mind whether it’s for you or not.
Features of Sharekhan
Sharekhan is a full-service broker, which means it not only allows you to buy and sell shares but it also offers an entire ecosystem to help you make better choices. Its strongest feature is the experienced research team that covers more than 220 stocks, offering you daily suggestions on equity, futures, options, currency, commodities, and mutual funds. They employ innovative methods such as 3R (Right Research, Right Recommendation, Right Results) to support your trades.
The trading platforms are very easy to use and full of tools. The core app, ShareMobile Pro, on Android and iOS allows you to trade while on the move with advanced features such as charts, Rohit Indicators for technicals, and an Option Chain for trading options. Then there is the InvesTiger app for longer-term investors. It has themed stock baskets as low as ₹50,000, allowing you to diversify without selecting individual stocks yourself.
For learning, Sharekhan excels with free online training, webinars, and classroom sessions in all its 4,200+ outlets in more than 1,100 cities. Just right for beginners. Mutual funds can be invested in from ₹500 for SIPs, with easy liquidity—most funds are redeemable in 2 days. High-net-worth individuals are provided with customized services such as family planning sessions for IPOs and long-term investment. Additionally, there is algorithmic trading support for automated strategies, which comes in handy for busy traders. Overall, these capabilities make Sharekhan a one-stop shop for active trading as well as passive investing, balancing tech with a human touch. With 24+ years of expertise, it’s designed for dependability in India’s volatile markets.
Pros and Cons of Sharekhan
As with any broker, Sharekhan has its pros and cons, and by knowing them, you can judge whether it suits your style of trading. We’ll begin with the plus points. To begin with, research and advisory services are second to none—you receive free facility for detailed reports, market news, and relationship managers’ personalized advice. This is a big advantage for novices who require help, in contrast to muddling on their own. The platforms are user-friendly, with live analysis software and learning tools such as courses and seminars that develop your expertise over time. No inactivity or withdrawal fees, so you won’t be penalized for not trading frequently, and the extensive branch network provides face-to-face assistance if you want that kind of help. It’s also excellent for diversified investments, ranging from stocks to mutual funds and even algo trading, so it’s useful.
On the downside, the drawbacks are primarily concerning costs. As a full-service broker, Sharekhan charges more for brokerage than discount brokers—consider 0.30% on delivery trades versus ₹20 flat elsewhere, which can cut into the profits of high-frequency traders. There’s also an account maintenance fee every year after the initial year (₹400), and some users grumble about slower customer support at peak times. The platforms, though decent, are not as innovative as some rivals for high-end algo or high-frequency trading. And if you’re an extremely aggressive trader who only cares about the lowest possible costs, the added features may come across as too much. User reviews rate it well at 3.5-4 out of 5, with plaudits for reliability but criticism of the premium fees. Briefly, the advantages sparkle for cost-conscious clients seeking support and learning, but the disadvantages might deter frugal day traders.
Charges of Sharekhan
Where fees are concerned, Sharekhan is transparent but higher due to its full-service benefits. Free account opening—no charges to open, and you can do it online in 15 minutes. Demat account AMC is free for one year, then ₹400 a year for non-BSDA clients (Basic Services Demat Account has lower thresholds and charges). No extra charges for research access, dial-n-trade, or fund transfers.
Brokerage is where it differs. For equity delivery (long-term holding of stocks), it’s 0.30% of trade value or a minimum of 1 paisa per share. Intraday trades are 0.02% per side or the same minimum. Options trading is ₹39 per lot per side, and futures (equity/currency) are 0.02% per trade. Commodities futures are 0.10% one side, and options are 1% on premium or ₹150 (whichever is higher of the two). Currency options are less expensive at ₹5 a lot.
Include statutory fees such as STT (0.1% on delivery), exchange charges (approximately 0.003%), GST of 18% on brokerage and fees, and SEBI turnover of ₹10 per crore. For margin trading, interest on outstanding amounts is 18% p.a. Demat transactions, such as dematerialization, are ₹5 per certificate (min ₹50), and pledges are ₹20-₹100 based on type. In comparison to discount brokers, these add up, but you pay for the research and assistance. Always check the most current on their website, since tariffs are subject to change with 15 days’ notice. If you’re making small quantities, the minimums may hurt, yet for big trades, it’s competitive among full-service brokers.
How to Use Sharekhan
Sharekhan is easy to begin with, especially if you’re trading for the first time. To start, create an account: Go to their app or website, click on “Open Account,” provide your mobile number for an OTP, and enter details such as PAN, Aadhaar, and bank details. Paperless and takes around 15 minutes— they’ll authenticate through video or e-sign. Upon approval (typically same day), you’ll receive login details for your Demat and trading account.
Download the ShareMobile Pro app from Google Play or App Store. Login, deposit money through net banking or UPI (no transfer charges), and you are done. To trade, look up stocks, view research suggestions, and order—buy/sell for delivery or intraday. Utilize facilities like charts for analysis or the Option Chain for derivatives. For mutual funds, initiate a SIP from ₹500 in-app.
If you’re a long-termer, use InvesTiger: Connect Demat, explore themed baskets (tech or value stocks, say), invest from ₹50,000, and view performance. If you’re an experienced user, activate the margin trading facility (MTF) through email or app for leveraged purchases—pay a portion, the broker pays the balance at 18% interest. Stuck? Contact your relationship manager, drop by a branch, or dial-n-trade. Withdrawals are zero, and you can track portfolios in real-time. Don’t forget to place stop-losses for protection, and utilize their education modules to pick up things along the way. It’s easy to use, but work with simulators if you’re new.
Comparison Table: Sharekhan vs Zerodha vs Upstox
To help you see how Sharekhan stacks up, here’s a quick comparison with two popular discount brokers, Zerodha and Upstox. Data is based on 2025 reviews and official sites.
| Broker | Account Opening Charges | Delivery Brokerage | Intraday Brokerage | Options (per lot) | Key Pros | Key Cons |
|---|---|---|---|---|---|---|
| Sharekhan | ₹0 | 0.30% | 0.02% | ₹39 | Strong research, education, branches | Higher fees, AMC after year 1 |
| Zerodha | ₹200 (online) | ₹0 | 0.03% or ₹20 (lower) | ₹20 | Low costs, advanced tools, no delivery fees | Limited advisory, no branches |
| Upstox | ₹0 | ₹20 or 2.5% (lower) | ₹20 or 0.05% (lower) | ₹20 | Fast platforms, free opening, good for traders | Basic research, occasional glitches |
Sharekhan is ideal for support-heavy users, while Zerodha and Upstox suit cost-savvy ones.
Conclusion
In conclusion, Sharekhan is a good option for investors who appreciate guidance, research, and a mix of online and offline assistance in India’s stock market. Its advanced platforms and learning tools make it easy for beginners, though you may not like the extra fees. If you don’t mind paying a little extra for babysitting, it may be able to grow your portfolio incrementally. Always do your research and think about your frequency of trading before joining up. Good luck investing—may your trades be profitable!
FAQ on Sharekhan
What is Sharekhan?
Sharekhan is a full-service stockbroker in India, offering trading in stocks, mutual funds, derivatives, and more, with research and advisory services.
Is Sharekhan good for beginners?
Yes, thanks to free education, research calls, and relationship managers to guide you.
What are Sharekhan’s brokerage charges?
Equity delivery: 0.30%, intraday: 0.02%, options: ₹39/lot. Plus taxes like GST and STT.
How do I open a Sharekhan account?
Online via their site: Enter details, verify with Aadhaar/PAN, and it’s done in 15 minutes.
Does Sharekhan have hidden charges?
No, but watch for AMC after year 1 and interest on margins.
Can I trade mutual funds on Sharekhan?
Yes, start SIPs from ₹500 with quick redemptions.
