Sharekhan
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