Sharekhan Review

Indian investors seeking full-service support

SEBI

Founded 2000 · India · Mirae Asset Financial Group

Why investors choose this broker

Free account opening and trading account AMC
No withdrawal fee and no inactivity fee
TradeTiger desktop platform widely used by active traders
Broad product range covering equities, F&O, commodities, currency and mutual funds

Review summary

Sharekhan is an India-based full-service broker offering equities, derivatives, commodities and mutual funds through its TradeTiger platform and mobile app.

Pros

Free account opening and trading account AMC
No withdrawal fee and no inactivity fee
TradeTiger desktop platform widely used by active traders
Broad product range covering equities, F&O, commodities, currency and mutual funds
Network of 4,200+ centres across 1,100+ cities for in-person support
Free research reports and stock recommendations
Demat AMC waived for the first year
Prepaid plans available to reduce brokerage for high-volume traders

Cons

Equity delivery brokerage of 0.30% is higher than flat-fee discount brokers
Demat AMC of Rs 400 per year applies from year two
No direct mutual funds - only regular plans available
DP charge of Rs 20 per scrip on every sell transaction adds up for active sellers
Account closure fee of Rs 150 and reactivation fee of Rs 100 are unusual among brokers
TradeTiger platform complexity may be challenging for new investors
No fractional shares or international stocks offered

Company background

Sharekhan launched as an online stock broker in India in 2000, making it one of the earliest platforms to bring retail equity trading to individual investors via the internet. The company was founded by Shripal Morakhia as the retail broking arm of SSKI Group in Mumbai. Sharekhan was acquired by BNP Paribas in 2016 and subsequently sold to South Korean Mirae Asset Financial Group in November 2024 for approximately Rs 3,000 crore, and now operates as Mirae Asset Sharekhan. The broker serves approximately 3.2 million clients through over 4,200 outlets in more than 1,100 cities across India, covering equity delivery, intraday, futures, options, commodities, currency derivatives, mutual funds, IPOs and bonds.

Fees and pricing

Sharekhan charges no fee to open a trading account, and the trading account carries no annual maintenance charge. The demat account is free in the first year but attracts Rs 400 per year from the second year onward. There are no deposit, withdrawal or inactivity fees. Equity delivery brokerage is 0.30% of transaction value or a minimum of 1 paisa per share, reducible to 0.08% under prepaid plans. Intraday equity brokerage is 0.02% or 1 paisa per share minimum. Equity futures are charged at 0.02% of transaction value per side and equity options at Rs 39 per lot per side. A depository participant charge of Rs 20 per scrip applies on every sell transaction. Account closure costs Rs 150 and account reactivation costs Rs 100.

Regulation and safety

Sharekhan is registered with SEBI as a stock broker (INZ000171337) and holds exchange memberships on BSE, NSE, MCX and NCDEX. It is also registered as a depository participant with both NSDL and CDSL (IN-DP-365-2018). Client funds are held separately from the broker's own funds in line with SEBI requirements. A research analyst registration (INH000006183) covers the firm's equity research output.

Platform experience

TradeTiger is Sharekhan's flagship desktop trading platform, providing advanced charting, technical analysis tools and fast order execution. The Sharekhan App is available on iOS and Android and supports trading, portfolio tracking and research. InvesTiger is a separate app focused on research-driven investing with curated stock baskets. Web trading is available through sharekhan.com and phone orders can be placed via Dial-N-Trade at no extra charge. Sharekhan Classrooms offers free stock market education for beginners and experienced investors alike, and the broker publishes free research reports and stock recommendations.

Pros and cons

Sharekhan's main advantages are its wide physical branch network, free account opening and trading account AMC, no withdrawal or inactivity fees, the established TradeTiger platform and broad product coverage. The main drawbacks are the 0.30% equity delivery brokerage, which is higher than discount brokers, the Rs 400 demat AMC from year two, DP charges on every sell transaction and the absence of direct mutual funds.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Account opening is free and trading account AMC is free. Equity delivery brokerage starts at 0.30% per transaction, while demat account AMC is free in year one and Rs 400 per year from year two onward.

Fees

Item	Fee
Account	Account opening: Free; Trading account AMC: Free; Demat AMC: Free (year 1), Rs 400/year (year 2+)
Custody	DP charge on sell transactions: Rs 20 per scrip
Deposit	No deposit fees
Futures	Equity futures: 0.02% of transaction value per side; currency futures: 0.02% of transaction value per side
Options	Equity options: Rs 39 per lot per side; currency options: Rs 5 per lot per side
Intraday	Equity intraday: 0.02% or minimum 1 paisa per share; reduced to 0.01% with prepaid plans
Inactivity	No inactivity fee
Withdrawal	No withdrawal fees
Account Closure	Rs 150
Account Reactivation	Rs 100

Trading platform & features

Platforms

TradeTiger
Sharekhan App
InvesTiger App
Web app
iOS app
Android app

Regulation and investor protection

Sharekhan is registered with SEBI (INZ000171337) as a stock broker and depository participant with NSDL and CDSL (IN-DP-365-2018), and is a member of BSE, NSE, MCX and NCDEX. Client funds are held separately from company funds in line with SEBI requirements.

Broker FAQs

Is Sharekhan safe?

Sharekhan is registered with SEBI (INZ000171337) and holds exchange memberships on BSE, NSE, MCX and NCDEX. It is also registered as a depository participant with NSDL and CDSL. Client funds are held separately from the broker's own funds under SEBI rules.

Is Sharekhan a scam?

No. Sharekhan is a SEBI-registered stock broker that has operated since 2000. It is currently owned by Mirae Asset Financial Group, a South Korean financial services group.

Is Sharekhan regulated and by whom?

Yes. Sharekhan is regulated by SEBI (Securities and Exchange Board of India) with registration number INZ000171337. It is a member of BSE, NSE, MCX and NCDEX, and is registered with NSDL and CDSL as a depository participant.

Does Sharekhan keep client funds in segregated accounts?

Yes. Sharekhan holds client funds separately from its own funds in accordance with SEBI's requirements for registered stock brokers.

What happens to my money if Sharekhan goes bankrupt?

As a SEBI-registered broker and NSDL/CDSL depository participant, client securities and funds are held separately. In the event of broker insolvency, SEBI's investor protection framework and exchange-level settlement guarantees apply. SEBI's Investor Protection Fund may provide limited compensation in qualifying cases.

What products does Sharekhan offer?

Sharekhan offers equity delivery trading, equity intraday trading, futures and options, commodity trading, currency derivatives, mutual funds, IPOs, fixed deposits, bonds and portfolio management services. NRI accounts are also available.

Does Sharekhan offer mutual funds?

Yes, Sharekhan offers mutual funds. However, only regular mutual fund plans are available - direct plans, which carry lower expense ratios, are not offered through the platform.

Does Sharekhan offer futures and options?

Yes. Sharekhan offers equity futures, equity options, currency futures and currency options. Commodity futures and options are also available through MCX and NCDEX.

Does Sharekhan offer commodities trading?

Yes. Sharekhan is a member of MCX and NCDEX and offers commodity futures and options trading across segments including agricultural and non-agricultural commodities.

What does Sharekhan charge for equity delivery trades?

Sharekhan charges 0.30% of transaction value or a minimum of 1 paisa per share for equity delivery trades, whichever is higher. This rate can be reduced to 0.08% by subscribing to a prepaid brokerage plan.

What does Sharekhan charge for intraday trades?

Sharekhan charges 0.02% of transaction value or a minimum of 1 paisa per share for equity intraday trades. The rate can be reduced to 0.01% on prepaid plans.

Is there a withdrawal fee at Sharekhan?

No. Sharekhan does not charge a withdrawal fee for transferring funds from your trading account to your bank account.

Does Sharekhan charge an inactivity fee?

No. Sharekhan does not charge an inactivity fee even if your account is left idle for an extended period.

What is the demat account AMC at Sharekhan?

The demat account annual maintenance charge is free for the first year. From the second year onward, an AMC of Rs 400 per year applies.

Does Sharekhan have a demo account?

Sharekhan provides a TradeTiger demo center on its website for exploring the platform's features. A full paper trading account for simulated live trading is not separately available.

Does Sharekhan have a mobile app?

Yes. The Sharekhan App is available on iOS and Android and supports trading, portfolio tracking and research. InvesTiger is a separate app focused on research-driven investing.

Is Sharekhan good for beginners?

Sharekhan offers educational resources through Sharekhan Classrooms, free research reports and access to relationship managers through its branch network. However, the TradeTiger desktop platform is complex, delivery brokerage is higher than discount brokers, and a full paper trading account is not available.

Is Sharekhan good for long-term investing?

Sharekhan supports long-term investing through equity delivery trading, mutual funds, bonds and fixed deposits. The absence of direct mutual funds and the 0.30% delivery brokerage are relevant cost considerations for long-term investors building a portfolio over time.

Bottom line

Sharekhan suits users who value full-service support, a wide branch network, established research tools and comprehensive coverage of Indian equity, derivative and commodity markets. It may not suit users who prioritise the lowest brokerage rates, direct mutual funds or a simple flat-fee cost structure.

Sharekhan

Indian investors seeking full-service support

Open Account

Your capital is at risk. Other fees apply.