Sharekhan

Sharekhan

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Background

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Year of Incorporation	2000
Website	http://www.sharekhan.com
Phone	022-61150000
Exchanges enabled	NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL)	NSDL & CDSL

Financial Health

Equity & Commodity Consolidated

Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet, watch out for the brokerages with and

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Profit after Tax FY11/12	Rs 87.5 Crores
Profit after Tax FY12/13	Rs 107 Crores
Profit after Tax FY13/14	Rs 9.05 crores
Profit after Tax FY 14/15	Rs 13 Crores
Profit after Tax FY 15/16	Rs 130 Crores
Profit after Tax FY 16/17	Rs 84.7 Crores
Profit after Tax FY17/18	Rs 70.2 Crores
Debt FY11/12	Rs 335.1 Crores
Debt FY12/13	Rs 335.1 Crores
Debt FY13/14	0
Debt FY14/15	0
Debt FY15/16	Rs 335.1 Crores
Debt FY 16/17	Rs 335.1 Crores
Debt FY 17/18	Rs 336.4 Crores
Profit to Equity(%) FY11/12	19.86
Profit to Equity(%) FY12/13	16.04
Profit to Equity(%) FY13/14	17
Profit to Equity(%) FY14/15	19
Profit to Equity(%) FY15/16	13.8
Profit to Equity(%) FY16/17	8
Profit to Equity(%) FY17/18	6
Balance Sheet Size FY11/12	Rs 1689 Crores
Balance Sheet Size FY12/13	Rs 1636 Crores
Balance Sheet Size FY13/14	Rs 1303 Crores
Balance Sheet Size FY14/15	Rs 1559 Crores
Balance Sheet Size FY15/16	Rs 2161 Crores
Balance Sheet Size FY16/17	Rs 2476.3 Crores
Balance Sheet Size FY17/18	Rs 2683.9 Crores

Online Presence

Google trend over time

Active clients

Active clients data source: NSE, as on end of every calendar year in December. Active client is one who has traded atleast once a year. Brokers whose active clients are trending up, would mean happy clients and hence better to trade with.

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Active clients - 2013	2,74,777
Active clients - 2014	3,42,592
Active clients - 2015	3,35,843
Active clients - 2016	3,50,509
Active clients - 2017	4,93,533
Active clients - 2018	5,48,873

Brokerage

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Equity	0.03% for Intraday & 0.3% for Delivery - Negotiable
Equity Futures	0.03% of Turnover - Negotiable
Equity Options	Rs 50/lot - Negotiable
Currency Futures	0.03% of Turnover- Negotiable
Currency Options	Rs 20/lot- Negotiable
Commodity	0.03% of Turnover- Negotiable

Account Opening Costs

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Trading only	NA
Trading & Demat	Rs 500 which will be adjusted with brokerage
Commodity	Nil

Transparency & other costs

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Equity	0.00325% of Turnover
Futures	0.0021% of Turnover
Options	0.055% of Premium Turnover
Commodities	0.0027% of Turnover
AMC charge	Rs 400/year
DP Transaction Charge	Rs 30 or 0.03% whichever is higher
Offline order placing Charge	Nil

Platforms

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Software
Web/HTML 5
Mobile

Charting

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Intraday	30 Days
End of Day	10 Years
Coding/Backtesting

Reporting

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Online Trade Reports
Online PNL Reports
Online Contract Notes

Margins

Leverage Provided

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Equity	Upto 10 Times for Intraday & 5 Times for Delivery(Interest charged)
Equity Futures	Upto 2 times for Intraday
Equity Options	No Leverage
Currency Futures	No Leverage
Currency Options	No Leverage
Commodity	Upto 2 times for Intraday

Support & Tools

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Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education

Convenience

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3 in 1 Account
Instant Fund withdrawal
Relationship Managers

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Quick Comparison

Reviews on Sharekhan

Karthik Reddy

28 April 2014

Opened my account with Sharekhan in 2010. Opened primarily because of Trade Tiger. Excellent trading platform, the best I'd seen in India. The brokerage is relatively higher compared to the new brokers providing services but I don't mind considering the s

Zain

15 May 2014

Sharekhan brokerage is costlier compared to others but trading terminals are too good specially charting tool. Still they need to improve on customer support.

Priti Singh

08 September 2014

Trade Tiger is the best, no platform comes close at the moment. A new platform called 'Pi' is to be launched by Zerodha, we will have to wait and see who wins with regards to technology.

Sanjiv Goenka

19 May 2014

Best Trading platform in India but very high brokerage. Not suitable for day trader.

NSE&BSE

07 June 2014

Sharekhan is where I started trading, they went wrong somewhere once the promoters sold out. The technology hasn't grown after 2008, and everyone else has caught up to them today and they are still where they were at the same costs.

Sinha Rawat

12 August 2014

Sharekhan did unauthorized trades from my account, this has happened without any intimation. I found my shares are sold out without my prior permission and without informing. I find that these people may trade on my account for there own profit.. they will only say, it is risky.. customer service after becomeing client is worst, advice not to go to them specially Pune branch.

Priti Singh

08 September 2014

Hi Sinha, which branch in Pune? I use to work as a dealer for Share Khan till 2011, as far as I know the official branch is located in Gymkhana, Shivajinagar. There are alot of sub brokers that misuse the Share Khan name and make their own rules and services. It is always good to inquire if it is a sub broker or main branch.