We come to the final review in the series of Reviewing Major Stock Brokers and I did share my views and experience with
and today I will share my views and experiences with ShareKhan.
Positives
- Brokerage – If you have an account with some other broking house they will offer you better brokerage rate. Brokerage depends on your ability to negotiate.
- Very sound Online platform as well as the Windows application “Trade Tiger”. You can do everything using the online system or Trade Tiger application.
- Integrates well with your existing bank account and you do not need any extra bank account to maintain.
- Mutual Funds / IPO all can be done online without any hassle.
- Mutual Fund Fees is NIL. Yes you heard it right. There is no fees to transact in mutual funds online with ShareKhan.
- If you have a portfolio of over 500k you can get a Relationship Manager which is as good as Motilal Oswal’s Offline account facilities.
There is hardly any negatives that I am experiencing and this is one of the main reason to move all my equity based investment and trading into ShareKhan.
If you have more to share please do share them in comments. Your views not only help me with my decision to move everything to ShareKhan but also help other fellow readers.
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thanx…hi how r u bro?…yesterday i got my kit…..and frm monday i’ll start trade,i’m quite nervous,any advice 4 me…
Don’t jump into trade but wait for the trade setups to give you the right signals.
k…thanx,main dhyan rakhunga
The pleasure is all mine.
one more question yesterday ,for the first time i transferred 100 rs. To trading account and instatly withdraw it,and i got that 100rs in my bankaccount,then today.i transferred 9000 frm my bank account to trading account,transfered sucessfull frm my bank account and 9000 subtract frm my bank account,but in sharekhan trading account transaction showed unsucessfull,,,,now what to do,,,do u think i’ll get my money back in my bank account…becauz sometimes transaction takes around 24 hrs,pls. Share ur experience,hv u ever faced that kind of prblm..
Call customer and verify what is the issue. Don’t assume money will come back automatically.
k…one more thing,i transact money on saturday 18:50,,,today is sunday,so not able to contact them,,after 4:00 pm of saturday,we can’t contack to sk support,and so may be transact couldn’t take place and may be in pending,what do u say
Check your bank account and see if the amount is debited from your account or not?
i got my money in trading account after 3 day delay….one more thing..can u checkout a thing on your pc…actually i`m not getting data of indian stocks on google finance after 2 pm of yesterday…..pls. checkout once in your pc..thanx
Any particular stock or company. I am getting them fine.
really,even sensex’s chart shows only of the 2′o clock,..pls. Look at the chart
Ohh that is because market is closed for today and probably some issues they have with some data. Try Yahoo Finance.
no ..i hate yahoo finance..the MACD signal they provide is not correct and also they not provide KDJ indicater…too much slow and data not update automatically while google finance update automatically…do u know any charting software or website..so i can analyze stocks
I use Google and Yahoo Finance along with my IB Trader workstation application.
k…r u on facebook..
Yes but not in chat mode. See the icons in the sidebar.
k….
today while searching i found a website named EDELWEISS…it provides trading in equity and in mutual fund online without requesting necessary documents….what`s your review abt this site
Without documents is virtually not possible or else it may be actually used by black money people.
Hi,
Who is the best broker where I can trade with minimum brokerage and good service? I also want low option brokerage.
How much Sharekhan Charges??
Can anyone give the details please.
For me it is Motilal Oswal and ShareKhan
hi,
i am completely new to this world of investing, at first i was thinking to open a 3 in 1 a/c from icici because all the things were available there at one place but u have criticized it a lot, so a bit confused. i want to invest slowly for long term and i am not going to start with a huge investment in market, starting with 40k-50k, so which would be best for me. and also trading offline would be better for me or online trading.
I want to contact you . Can you please share your number with me ?
hi, firstly at d tim of contract with sharekhan they said intrady brokerage wud b 0.1paisa but nw while trading i noticed they charge high.whn contacted RM he said no it is o.3% or min 3 paisa.what to do.if i earn 400 profit i get only nearly 110.
second i need to refresh moneycontrol as well as mmb to get updates.can u help
MMB people can help and not me.
I’m very scared after found forged signature made by folks of ICICI Direct on my ATS 3-in-1 account opening form.
Is there any brokerage house at whom I can trust in INDIA?
Forged sign? Launch a police complain because it is a crime.
Shabbir da,
Please share your comments/review on the quality of research (equity) by Motilal Oswal. In your opinion, ShareKhan or Motilal – which one is better in this regard.
Rishi, I think MOSL has an edge over Sharekhan when it comes to tips.
sir , I heard in sharekhan They do not provide facility to book limit order trades during after-hours. it is correct or wrong
There are some time frames where they limit the orders you can punch but that is well defined before hand and so I don’t think it is an issue.
Hi Shabbir,
Thanks for this useful post. I will be opening a sharekhan account soon.
Could you elaborate more on your comment regarding negotiating the brokerage charges. I am curious as to how it works. I was under the impression that these slabs are fixed and dont vary from person to person.
Ankit, just tell them that you have an offer from other broker of much less brokerage.
Thanks! it worked.
The pleasure is all mine Ankit.
Shabbir ,
Nice review . Very helpful to me . Going to open share khan after tortured/cheated/harassed by India info line since 2009
.
Thanks for the feedback for review Jay
Hi Shabbir,
This is Sundeep(Hyderbad), As I can see lot of our friends are new the Stock market for which you are giving good valluable suggestions which are quiet inspriation for me, so i’m also willing to get into this Stock World.
Request to let me know which Trading Account(Motilal Oswal or ShareKhan or any other ) should I prefer..?? what would be the brokarage charges(menction hidden once also incase any ) for them etc..
I want know which bank account (like I have CITI, AXIS and SBI savings accounts) is very useful and user friendly to map the Trading account ..
Thanks in Advance Shabbir
– Sundeep
Sundeep, ShareKhan and Motilal Oswal used to work for me but I have plans to stop using MOSL because of deteriorating services of them lately. Still have the account but not being used to the level I was using before. So I think the best option for trading as of now is only ShareKhan account but possibly when I say I would be closing the account I may see some activity in my MOSL account as well.
Regarding bank I would have recommended you HDFC Bank and AXIS bank because those can be integrated with Sharekhan or many other brokerage houses but don’t forget to read my HDFC Bank Review as well.
I have my HDFC Bank account mapped to my ShareKhan as well as MOSL account and the mapping work flawlessly as far as my operations goes.
Did you now find any negatives with Sharekhan ? Is it not risky if I link my ICICI account with sharekhan… Can I not link any account .. is there any other way i.e. transferring funds manually to sharekhan etc ?
What kind of risks are you talking about? Investing in equity has the risk but associating account with Sharekhan does not have any risk as far as I know but yes you can always transfer money offline with a cheque.
Thank you, It might have sounded novice question as I’ve never been into trading.
I raised this because I have heard of brokerage firms (ICICI Direct) transferring / debitting money from linked savings account upon purchases without authorization etc. This should happen from the funds that are reserved in the trading a/c. That is what I’ve been concerned about… I’ve wanted any sort of payment to be manual and electronic. Thanks.
I haven’t heard of anything like that but yes ICICI Demat account charges are debited from ICICI Bank account but that is not the case with ShareKhan.
The yearly fees needs to be paid and so they may debit this from your funds with Sharekhan but they cannot do that from your bank account.
Does sharekhan have any restriction that says some minimum number of transactions / volume / amount of trading needs to be done per year or additional charges ?
No nothing like that and my wife’s account is in Sharekhan without transaction for very long time now.
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