Sharekhan Demat Account Charges, AMC, and All Other Charges

Sharekhan is a one of the oldest full-service broker (from the house of BNP Paribas group) that offers a wide range of services to help investors make informed investment decisions. However, remember that they do charge for their services, and in this article, you’ll learn about all of the charges associated with Sharekhan in detail. 

We’ll cover everything from Demat account charges to other fees you might encounter along the way. Let’s discuss the charges of the Sharekhan Demat account in detail.

Sharekhan Charges

Sharekhan levies a range of charges on its customers. These include account opening charges, brokerage fees AMC, and other charges. 

Sharekhan Account Opening Charges

Sharekhan has 6 different AMC plans that we’ll discuss in the next section of Sharekhan’s annual charges. Let’s first discuss the account opening charges for each plan.

  • Scheme A (AMC400) – Nil
  • Scheme B (AMC500) – Nil
  • Scheme C (AMC350) – Nil
  • Scheme D (AMC2999) – Rs 2999 (one time + Rs 2000 security refundable)
  • Scheme E (IPO100) – Nil
  • Scheme F (Plain DP) – Nil

Sharekhan AMC Charges

Sharekhan charges an annual maintenance fee for the demat account as below –

  • Scheme A (AMC400) – Rs 400 per annum
  • Scheme B (AMC500) – Rs 500 per annum
  • Scheme C (AMC350) – Rs 350 per annum
  • Scheme D (AMC2999) – Zero
  • Scheme E (IPO100) – Rs 100 per annum
  • Scheme F (Plain DP) – Rs 500 per annum

Groww, Upstox, and Fyers are 3 stock brokers that charge zero annual maintenance fees.

Sharekhan Brokerage Charges

Sharekhan charges higher brokerage as compared to other players like Zerodha and Upstox. There’s a maximum cap on brokerage of 2.5% per order on all segments.

Sharekhan Brokerage Structure

SegmentBrokerage Charges
Equity Intraday0.10% on the 1st leg and 0.02% on the 2nd leg
Equity Delivery0.10% (min Rs 21)
Futures0.10% on 1st leg and 0.02% on the 2nd leg
OptionsRs 100 per lot or 2.5% (whichever is higher)

Sharekhan Delivery Charges

Sharekhan levies delivery charges of a minimum of Rs 21 or 0.10% per order whichever is higher for Scheme A and Scheme B plans. You have to pay 0.10% (each leg) delivery charges for the rest of the plans.

You can check the Zerodha charges and which offer zero brokerage on delivery trades. Angel One and Fyers also provide free stock delivery.

Sharekhan Intraday Charges

Sharekhan charges 0.10% on the 1st leg and 0.02% on the 2nd leg for intraday orders.

Sharekhan F&O Charges

Sharekhan charges 0.10% on the 1st leg and 0.02% on the 2nd leg for futures orders and Rs 100 per lot or 2.5% (whichever is higher) for options trading.

Sharekhan Call and Trade Charges

Sharekhan offers Dial N Trade service which is free of cost. You have to pay only the brokerage charges as applicable for placing trades over the phone.

Sharekhan Mutual Funds Charges

Sharekhan charges a commission of up to 1.5% on your mutual fund investment. You can also go through our list of best brokers for mutual funds investments, some of them don’t charge commission on mutual funds investments.

Sharekhan Charges for Canceled Orders

Sharekhan doesn’t charge any fee for a canceled order.

Sharekhan Fund Transfer Charges

Sharekhan doesn’t charge for transferring funds online through NEFT, RTGS, or IMPS. Banks charges may be applicable.

Sharekhan Fund Withdrawal Charges

Sharekhan doesn’t charge against funds withdrawal.

Sharekhan Charges for GTT orders

GTT (Good Till Triggered) orders are orders that remain open until a specific trigger point is reached. Sharekhan equity delivery charges for GTT order as per the brokerage plan.

Sharekhan Charges For BTST orders

BTST (Buy Today Sell Tomorrow) is a trading strategy where you buy a stock today and sell it tomorrow. Sharekhan charges as per the segment brokerage.

Sharekhan Auto-square Off Charges

If you don’t have enough funds in your account to hold the positions, Sharekhan will automatically square off your positions. They charge Auto-square off charges as per the brokerage applicable.

Sharekhan Pledge Charges

If you pledge your securities to get a loan, Sharekhan charges a higher of 0.03% of the transaction value or Rs. 100/- (per request).

Sharekhan Unpledge Charges

Sharekhan charges a higher of 0.03% of the transaction value or Rs. 100/- (per request). if you want to unpledge your securities.

Sharekhan CMR Physical copy

Sharekhan charges Rs. 100 for sending a physical copy of your Contract Note, Trade Confirmation, and Account Statement.

Sharekhan Off-market Charges

Sharekhan charges 0.03% of the transaction value or Rs. 30 whichever is higher per off-market transaction.

Sharekhan API Subscription Charges

Sharekhan doesn’t charge for its Trade Tiger API-building platform.

Sharekhan Penalty for Shortfall

If you don’t maintain the minimum balance in your account, Sharekhan charges up to 2% of the shortfall amount on a daily basis.

Sharekhan MTF Charges

Margin Trading Facility (MTF) is a service that allows you to buy shares by borrowing money from Sharekhan. They charge 18% per annum as MTF interest.

Government Taxes and Regulatory Charges

STT Charges

Securities Transaction Tax (STT) is a tax that is levied on securities transactions. Sharekhan charges STT on all equity transactions. The charge is 0.1% of the transaction value on the sell side.

Transaction Charges

Sharekhan charges transaction charges on all trades. The charges for equity delivery trades are 0.03% of the transaction value, with a maximum of Rs. 30. The charges for equity intraday trades are 0.03% of the transaction value, with a maximum of Rs. 30. For futures, the transaction charge is 0.0021% of the transaction value, with a maximum of Rs. 500. For options, the transaction charge is Rs. 500 per crore of the transaction value.

DP Charges

DP charges refer to the charges that are levied by the Depository Participant (DP) for the dematerialization of physical shares. Sharekhan charges Rs. 30 for every debit transaction of shares from your demat account.

GST (Goods and Services Tax)

GST is levied by the government on the services provided by the broker. 18% GST needs to be paid on all the charges like brokerage fee, SEBI charges and transaction fee.

Conclusion

If you are planning to use Sharekhan’s services, it is important to understand the fees and charges associated with them. I would encourage you to take the time to understand Sharekhan’s charges and compare them with other brokers in the market. This will help you avoid any surprises and make an informed decision to choose the right broker for your needs.

FAQs

What are the charges for Auto-square off in Sharekhan?

Sharekhan charges a flat fee of Rs 50 per segment for auto-square-off trades.

What are the transaction charges levied by Sharekhan for equity delivery trades?

The transaction charges levied by Sharekhan for equity delivery trades are 0.003% of the trade value which can maximum goes up to Rs. 30.

What are the Sharekhan AMC charges for a demat account?
  • Scheme A (AMC400) – Rs 400 per year
  • Scheme B (AMC500) – Rs 500 per year
  • Scheme C (AMC350) – Rs 350 per year
  • Scheme D (AMC2999) – Zero
  • Scheme E (IPO100) – Rs 100 per year
  • Scheme F (Plain DP) – Rs 500 per year
What are the STT charges levied by Sharekhan?

The STT charges levied by Sharekhan are as follows:

  • Equity delivery: 0.1% on the buy-side
  • Equity intraday: 0.025% on the sell-side
  • Equity futures: 0.01% on the sell-side
  • Equity options: 0.05% on the sell-side
  • Currency futures: 0.01% on the sell-side
  • Currency options: 0.05% on the sell-side
  • Commodity futures: 0.01% on the sell-side
What are the fund transfer charges levied by Sharekhan?

Sharekhan does not levy any charges for fund transfers through NEFT, IMPS, or RTGS.

What are the DP charges levied by Sharekhan?

Sharekhan charges Rs. 30/- (per request) whichever is higher.

What is the minimum brokerage charged by Sharekhan?

The minimum brokerage charged by Sharekhan is 0.10% per executed order for intraday and delivery orders.

What is the penalty for not maintaining the minimum balance in my Sharekhan account?

You do not have to sustain a minimum balance.

Can I negotiate the charges with Sharekhan?

No, the charges are fixed and non-negotiable.

Does Sharekhan charge for account opening?

Yes, Sharekhan charges an account opening fee. The amount varies depending on the type of account you open.

Are there any hidden charges?

There could be some hidden charges as well so do check out your contract note on daily basis.

How do I know how much I will be charged by Sharekhan?

Sharekhan provides a detailed breakdown of charges on its official website. You can also contact their customer support for any queries regarding charges.

About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

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