Brokerage Charges of Sharekhan - Fees, Plans and More

Sharekhan is a well-established online brokerage firm in India, known for its user-friendly platform and competitive brokerage charges.

The brokerage charges of Sharekhan can be broken down into two main categories: intraday and delivery trades.

For intraday trades, the brokerage charge is 0.01% of the transaction value, with a minimum charge of Rs. 20 per trade.

Sharekhan also offers a range of plans, including the "Trade Now" plan, which offers a flat brokerage of Rs. 20 per trade, regardless of the transaction value.

This plan is ideal for traders who frequently make small trades, as it can save them money in the long run.

It's worth noting that the brokerage charges mentioned above do not include other fees, such as GST and STT.

Sharekhan's brokerage charges are quite straightforward, but it's essential to understand them to avoid any surprises.

Sharekhan charges a Securities/Commodities Transaction Tax (STT and CTT) on various trades, which is a percentage of the total trade turnover.

Here's a breakdown of the STT charges for different types of trades:

In addition to STT charges, Sharekhan also has other charges for various services, including reactivation charges, account closure charges, dematerialisation charges, and more.

Here are some of the other charges you should be aware of:

Opening a demat account with Sharekhan is free. You won't have to pay any charges for opening a demat account, trading account, or demat account maintenance charges for the first year.

Sharekhan offers a seamless process to link a bank account with a trading account, and you can start trading immediately after account activation without any charges. The demat account opening charges are ₹0, and there are no trading account opening charges.

Here's a breakdown of the demat account maintenance charges: the first year is free, but from the second year onwards, you'll have to pay ₹400 per year. This applies to demat account maintenance charges only.

Opening a demat account with Sharekhan is a straightforward process, and the good news is that it's free.

Sharekhan offers a 2-in-1 account and a seamless process to link a bank account with a trading account. Once you open an account, you can start trading immediately on activation of the account. The broker does not impose any kind of charges, i.e. it offers free account opening services.

To open a demat account, you'll need to pay a dematerialization fee of ₹5 per certificate and rematerialization charges are ₹50 per certificate or ₹50 for every 100 securities, whichever is higher.

Sharekhan charges nothing for opening an account with them, whether you open a trading account or demat account. There are no charges for both. Even there are no charges for maintaining the trading account as well.

Here are the details regarding Sharekhan account opening charges:

From the second year onwards, Sharekhan charges ₹400 as an account maintenance fee on an annual basis for every demat account.

If you sold 3200 or fewer shares, you get eligible to pay a DP charge worth Rs.16. For selling the shares of one company on one given day, a person has to pay ₹ 20.5 + the 18% GST as the DP charges which, in other words, are called Debit charges.

Understanding how brokerage is charged is essential to managing your account and demat needs. You can expect to pay a brokerage fee when buying shares or stocks, which can range from ₹2,500 to ₹5,000.

Brokerage categories include shares/stocks bought worth, equity delivery, equity intraday, and equity options. These categories have different brokerage rates associated with them.

For shares/stocks bought worth, the brokerage fee is a flat rate, ranging from ₹7.5 to ₹15. You can calculate this by taking 0.3% of the purchase amount.

Equity intraday brokerage, on the other hand, is charged at a rate of 0.02% for shares bought and sold the same day. This translates to a fee of ₹0.5 for a purchase amount of ₹2,500.

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Equity options brokerage is charged at a flat rate of ₹39 per lot purchased.

Here's a summary of the brokerage categories and their associated fees:

Remember, these fees can add up quickly, so it's essential to understand how they work and factor them into your investment decisions.

SEBI turnover charges are levied by SEBI at a rate of 0.0001% (₹10/Crore).

STT charges vary depending on the segment, with equity delivery trades incurring a 0.1% charge on both buy and sell sides.

Stamp Duty charges also vary by segment, with delivery trades incurring a 0.015% charge on the buy side.

GST is charged at 18% on the sum of brokerage, transaction charge, and SEBI fee.

Here's a breakdown of the STT charges:

Fees can be a significant part of any financial transaction, and it's essential to understand what you're paying for.

The article highlights that some fees are unavoidable, such as the 2.9% + $0.30 per transaction fee for credit card payments, which can add up quickly.

In some cases, fees can be waived or refunded, like the $25 late fee that can be avoided by paying bills on time.

The article also notes that fees can be a source of revenue for businesses, with some charging up to 5% of the transaction amount as a processing fee.

If you're not careful, fees can eat into your savings, but being aware of them can help you make more informed financial decisions.

Regulatory charges are a crucial aspect of trading on the stock market. SEBI turnover charges are levied by the Securities and Exchange Board of India (SEBI) at a rate of 0.0001% (₹10/Crore).

STT, or Securities Transaction Tax, is another mandatory charge. For equity delivery trades, it's 0.1% on both buy and sell, while equity intraday trades incur a 0.025% charge on the sell side.

Stamp Duty is also applicable, with rates varying depending on the type of trade. For example, delivery trades incur a 0.015% charge on the buy side, while equity futures trades incur a 0.002% charge.

GST, or Goods and Services Tax, is levied at 18% on the brokerage, transaction charge, and SEBI fee.

Here's a breakdown of the regulatory charges:

Sharekhan offers special brokerage plans for its clients, which can help reduce trading costs. You can pay Rs. 1 lakh upfront and then yearly Rs. 1 lakh to avail the Sharekhan Brokerage Plan – Prepay.

This plan offers a flat monthly fee of Rs. 1 lakh per year, and brokerage fees ranging from 0.001% to 0.05%. For equity delivery, you'll pay just 0.001%, while equity options will cost you Rs. 63 per lot or 0.05%.

You can also opt for the Sharekhan Brokerage Plan – Margin, which requires you to keep Rs. 1 lakh as margin money. This plan offers lower brokerage fees, including 0.0025% for equity delivery and Rs. 70 or 1% per lot for equity options.

Here's a comparison of the two plans:

Transaction charges are a crucial aspect of trading that can significantly impact your profits. Sharekhan charges transaction fees for various segments, including equity delivery and intraday.

For equity delivery, the transaction charges are 0.00325% for NSE and 0.00275% for BSE. This means if you trade on NSE, you'll incur a charge of 0.00325% on the total trade turnover value.

Sharekhan's transaction charges for equity futures are 0.00190% for NSE and 0.00050% for BSE. This is a relatively lower charge compared to equity delivery.

The exchange transaction charges for NSE are 0.00345% of the total trade turnover value. This charge is levied by the exchange and is passed on to the client.

Here's a summary of Sharekhan's transaction charges for different segments:

Equity Intraday is a popular trading segment among investors, and for good reason. It allows you to buy and sell stocks within the same trading day, with no overnight risks.

The risks associated with equity intraday trading are limited to the day, making it a more manageable option for many investors. This is in contrast to equity delivery trading, where risks exist for an extended period.

Sharekhan charges a fixed amount of 0.10% per trade for equity intraday trading. This means the brokerage charge doesn't depend on the number of shares involved in the trade.

For those who love to trade shares at the intraday schedule, you can invest in shares priced Rs. 50 or less, and pay only the minimum brokerage worth 5 paisa per share.

Sharekhan's equity intraday brokerage charges are competitive, especially when compared to other brokers. To give you a better idea, here are the details:

Keep in mind that these charges may be subject to change, so it's always a good idea to check with Sharekhan directly for the most up-to-date information.

Options can be a bit tricky, but Sharekhan makes it relatively easy to understand. They charge Rs.100 per Lot per day in the equity options segment.

If you're trading in equity options, you'll want to know that Sharekhan charges a flat rate of Rs.100 per Lot per day. This is a straightforward fee that applies to every trade.

When it comes to currency options, Sharekhan takes a different approach. They charge Rs.30 per Lot per trade, which is a lower fee compared to equity options.

Here's a breakdown of the fees for different types of options trading:

The key takeaway is that options trading fees can vary depending on the type of option and the brokerage firm. It's essential to understand these fees before making a trade.

Auto Square Off is a crucial feature to understand when trading with Sharekhan.

Every broker has a trading window, and Sharekhan is no exception. If you execute an intraday trade in the Sharekhan app, you need to square off your position before the trading window closes. Failing to do so will result in an extra penalty on every open position.

Sharekhan auto square-off charges are a fixed ₹50 per order. This means that if you have multiple open positions, you'll be charged ₹50 for each one.

To avoid these charges, it's essential to keep track of the trading window and square off your positions on time. This will help you save money and avoid unnecessary penalties.

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Sharekhan offers a range of special brokerage plans to suit different trading needs. You can pay Rs. 1 lakh upfront to get a Sharekhan Brokerage Plan - Prepay, which offers a 0.001% brokerage fee for equity delivery trades.

This plan also charges 0.0002% for cash and equity futures segments. For equity options, the brokerage fee is Rs. 0.05% or Rs. 63 per lot.

There's another plan called Sharekhan Brokerage Plan - Margin, where you need to keep Rs. 1 lakh as margin money. This plan charges 0.0025% for delivery trades and 0.0005% for equity futures.

Sharekhan's special brokerage plans can be summarized as follows:

You can also opt for a pre-paid plan that allows you to pay upfront brokerage to avail of lesser brokerage rates for a particular year.