What are Account Maintenance Charges in Sharekhan?

Sharekhan is a well-known stock brokerage company in India that provides its clients with a variety of trading and investment services. Understanding the various account maintenance fees is crucial when thinking about creating an account with Sharekhan in order to make wise investment choices. 

Charges for Opening Trading Accounts (Once):

Trading Annual Maintenance Charges (AMC):

Charges for Opening a Sharekhan Demat Account (Once):

Demat Account Charges:

It’s crucial to keep in mind, though, that if you register a trading account with Sharekhan, the first year of Demat account maintenance is completely free. This means that for the first year, you can profit from a Demat account without paying an AMC.

Brokerage Fees for Sharekhan Trading

In addition to account maintenance fees, Sharekhan levies brokerage fees for a variety of trades. An overview of Share Khan’s brokerage fees is shown below:

• Equity Cash Intraday Trades: Sharekhan levies a buy-side fee of 0.10% for these transactions.

• Equities Delivery Trades: Sharekhan charges 0.50% or 10 paise per share, or Rs 16 per scrip, whichever is more, for equities delivery trades.

• Futures and options: Sharekhan charges a fee of 0.10% on the first leg and 0.10% if squared off on any other day.

• Trades involving options: Sharekhan charges 2.50% of the premium, or Rs 250 per lot, whichever is higher.

• Currency Future: The brokerage rate at Sharekhan is 0.10%.

• Currency Options: Sharekhan charges 2.50% of the premium, or Rs 30 per lot, whichever is larger, for currency options.

• Commodities: Sharekhan charges 0.10% in brokerage for commodities trading.

Sharekhan Minimum Brokerage Fee

In order to guarantee that they receive a minimum commission, Sharekhan has minimum brokerage fees for certain types of trades. 

The minimum brokerage costs are as follows:

• Intraday trades: Sharekhan charges a minimum brokerage fee for intraday trading of 5 paise per share. When you trade in shares with a price of 50 rupees or less, you must pay this minimal cost.

• Delivery-based: Sharekhan charges a minimum brokerage fee of 10 paise per share for trades that are delivery-based. When the share price is 20 rupees or less, this minimal fee is assessed.

• Minimum DP Charges: When the total traded value in a sell transaction is Rs 3200 or less, Sharekhan imposes DP fees at a minimum rate of Rs 16 per share

• Post-paid plans: Post-paid brokerage plans are another option provided by Sharekhan. These plans let traders pay a set monthly amount in exchange for lower trading fees. These programmes accommodate investors with a range of trading volumes and preferences.

Conclusion

Sharekhan offers a clear pricing structure with no fees for starting trading accounts and no annual maintenance fees for trading accounts. However, if you register a trading account with them, the Demat account’s yearly maintenance fee of Rs 400 is waived for the first year. 

Making knowledgeable choices regarding your Sharekhan investments requires that you have a thorough understanding of these fees.