Sharekhan is a most popular full-service broker that offers investing and trading platforms including a powerful Trade Tiger terminal, free research reports, portfolio management service and also providing dedicated relationship managers.
In this article, We Explain the Sharekhan brokerage charges and pricing model in detail so you can easily understand the fee structure and taxes you can face when investing or trading through Sharekhan by BNP PARIBAS.
Sharekhan Brokerage Charges Detailed List
Sharekhan brokerage charges and pricing, Sharekhan a full-service brokerage firm that offers FREE account opening & Zero AMC for 1st year, 0.3% brokerage charge for equity delivery and 0.02% for equity Intraday & Futures, Sharekhan charges flat ₹20 per lot for equity and commodity options.
We have divided this section into three parts, the first section covers basic general charges list, the second section covers regulatory charges for equity, FnO, currency and commodity, the third covers Margin trading charges.
Key Charges (Sharekhan Charges)
₹0
For Account Opening
FREE account opening and ZERO charges for MF & IPOs
0.3%
For Delivery
0.3% per executed order for equity delivery trades
0.02%
For Intraday & Futures
0.02% per transaction value & ₹20 per lot for options (applied on both side)
₹0
For Research
FREE Research access across all segments: Equity, Commodity & Currency
Sharekhan Basic Charges List
| Description | Charges |
|---|---|
| Account Opening Charges | FREE |
| Annual Maintenance Charges (AMC) | ZERO for the 1st year then ₹400 per annum |
| Call & Trade Services (Dial-N-Trade) | ₹0 |
| Auto Square Off Charges | ₹50 + 18% GST |
| Depository Participant charges (DP) | Nil (via Sharekhan) or 0.03% of the value of transaction or minimum ₹30 per transaction (sale not via Sharekhan) |
| Platform Charges | ₹0 |
| Cheque Bounce Charges | As per your bank’s policy |
| Payment Gateway Charges | ₹0 (Free for UPI and Net banking) |
| Credit Charges (Buy Receive) | ₹0 |
| Pledge Charges (for Non-Margin purposes) | 0.03% of the value of the transaction (minimum ₹100 per transaction) |
| Pledge Request (for Margin purposes) | Margin Pledge: ₹20 per transaction or Pledge under margin funding: ₹30 per transaction |
| Unpledge Request (for Margin purposes) | ₹0 |
| Pledge Invocation (for Margin purposes) | ₹0 |
| CUSPA Pledge | ₹25 (plus GST per instruction) |
| Dematerialisation Charges | ₹5 per share certificate (minimum ₹ 50 per request) |
| Rematerialisation Charges | ₹50 per certificate or ₹ 50 for every hundred securities (whichever is higher) |
| Failed / Rejected Demat Transactions | ₹0 |
| Periodic Statement | ₹0 charges by Email. |
| Modification in Client Master List (CML) | ₹0 |
| Modification in KRA / Download | ₹0/- |
| Transfer of shares from Sharekhan Demat to other Demat | Refer Sharekhan Terms |
| Transfer of shares from other Demat to Sharekhan | ₹0 |
Brokerage & Regulatory charges: Sharekhan
Equity delivery, Equity Intraday, Futures & Options Brokerage and Regulatory Charges
| Type | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| Brokerage | 0.3% per executed order (minimum 1 paisa per share) | 0.02% per transaction value (both side) | 0.02% per transaction value (both side) | Flat ₹20 per lot (both side) |
| STT | 0.1% on buy & sell | 0.025% on the sell side | 0.02% on the sell side | 0.1% on sell side |
| Exchange charges | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00173% BSE: 0 (Zero) | NSE: 0.03503% BSE: 0.005% |
| GST | 18% on brokerage + SEBI charges + Exchange transaction charges + Other Tax | 18% on brokerage + SEBI charges + Exchange transaction charges + Other Tax | 18% on brokerage + SEBI charges + Exchange transaction charges + Other Tax | 18% on brokerage + SEBI charges + Exchange transaction charges + Other Tax |
| SEBI charges | ₹10 / crore or 0.0001% | ₹10 / crore or 0.0001% | ₹10 / crore or 0.0001% | ₹10 / crore or 0.0001% |
| Stamp charges | 0.015% | 0.003% | 0.002% | 0.003% |
| IPST (NSE) | 0.0001% of the turnover | 0.0001% of the turnover | 0.0001% of the turnover | 0.0005% of the turnover |
Currency Brokerage and Regulatory Charges
| Type | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | 0.02% per transaction value (both side) | Flat ₹5 per lot (both side) |
| STT/CTT | – | – |
| Exchange charges | NSE: 0.00035% BSE: 0.00045% | NSE: 0.0311% BSE: 0.001% |
| GST | 18% on brokerage + transaction charges + Clearing Charges | 18% on brokerage + transaction charges + Clearing Charges |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.0001% on Buy Side | 0.0001% on Buy Side |
Commodity Brokerage and Regulatory Charges
| Type | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | 0.02% per transaction value (both side) | Flat ₹20 per lot (both side) |
| CTT | 0.01% on sell (Non Agri) | 0.05% on sell side |
| Exchange charges | Group A: 0.0021% Group B: Refer Contract Note | Exchange Charges 0.0418% |
| GST | 18% on brokerage + SEBI charges + transaction charges | 18% on brokerage + SEBI charges + transaction charges |
| SEBI charges | ₹1/crore for Agri and ₹10/crore | ₹10/crore |
| Stamp charges | 0.002% on Buy Side | 0.003% on Buy Side |
Sharekhan Brokerage Charges Table
| Segment | Sharekhan Brokerage Charges |
|---|---|
| Equity Delivery | 0.3% per executed order (minimum 1 paisa) |
| Equity Intraday | 0.02% per transaction value (minimum 1 paisa/both side) |
| Equity Futures | 0.02% per transaction value (both side) |
| Equity Options | Flat ₹20 per lot |
| Currency and Commodity Futures | 0.02% per transaction value (both side) |
| Currency and Commodity Options | Flat ₹5 per lotfor currency & Flat ₹20 per lot for commodity |
Sharekhan MTF (Margin Trading Facility) Charges
Interest Charges for MTF: Sharekhan charges 18% annually i.e. 0.0493% per day for the funded amount.
Pledge Charges: margin pledge ₹20 per transaction, pledge under margin funding ₹30 per transaction (Nill for Release & Invocation Pledge)
Conclusion
Sharekhan charges much higher than compared to industry standard prices but they offer helpful services like Research, and a learning platform free of cost. Sharekhan has different brokerage fee structures for all segments which is complicated for every beginner so please read all the charges and pricing before starting trading and investing.
In this article, we discuss all the Sharekhan brokerage charges in detail so you can easily understand its fee structure and pricing in depth.
If you have any further queries, you can contact us or drop comment.
Note: Sharekhan brokerage charges is very high in comparison to other discount brokers like Zerodha & Upstox. But Sharekhan offers the best-prepaid plans for high-frequency trader to reduce their charges.
