Thursday, December 22, 2011

Sharekhan, Stock Market, Online Share Trading, Online Broking, Market Today, Live Quotes, Sensex, Nifty

About Sharekhan - Demat and Trading Account in India(NSE,BSE)

Sharekhan is a leading online broker in India. Sharekhan is actually a brand name from 'SSKI Securities'. In india if you are planning to trade in shares, buy sell stocks, trade in stock market derivatives like futures and options, or invest in commodities like gold etc. you should know about Sharekhan. You can also open a Sharekhan Demat Account. A demat account is an account which you need in India to buy and sell shares. Read this entire post to find out all information you need about Sharekhan. 

Sharekhan Demat Account

A Demat Account is an account which you need in India in order to buy and sell shares. Earlier shares or stocks or a company were bought and sold in paper format. Now they are stored electronically. Just like money is saved in your bank account, Shares are stored in your Demat Account (sometimes also called DMAT account). You can open a Demat Account with sharekhan. This is especially recommended if you have an online trading account with Sharekhan. You can then link you Sharekhan trading account with your Sharekhan Demat Account so that any shares bought with the trading account can be directly transferred to your Demat. Here is all information you need about Sharekhan Demat Account.
Documents Needed to Open a Sharekhan Demat Account.
  1. PAN Card. Pan card is now mandatory in order to open a Demat Account.
  2. Address Proof. Example- your ration card, driver's licence, electricity bill, voters id or election card, etc.
  3. Your recent photographs. Two or three.
  4. cancelled check. This may or may not be required. But carry your bank passbook and check book when you go to open a Sharekhan Demat Account.

Sharekhan Trading Account and Brokerage Charges

Sharekhan offers two types of online trading Accounts suited to different investor needs.
  1. Sharekhan Classic Trade - Website Based trading, suitable for long term investors who do not worry about stock price fluctuations minute-by-minute. Sharekhan Classic Trade is not suitable for Intraday traders.
  2. Sharekhan Tiger Trade - Terminal based trading, especially suited for intraday traders.
Below is a typical range of brokerage charged by Sharekhan.
  1. Sharekhan Brokerage for Delivery Trades: 0.30% to 0.50 %
  2. Sharekhan Brokerage for Intraday Trades: 0.03% to 0.05%

Sharekhan Demat Account Charges

  1. Sharekhan Demat Account Opening Charges: NIL
  2. Sharekhan Demat Account Maintenance Charges: Rs. 75 per quarter, i.e. Rs. 300 per anum.
  3. Sharekhan Demat Account Closing Charges: Rs. 100.
  4. Sharekhan Demat Account Charges for Buying Shares: 0.02% , Minimum Rs. 15.
  5. Sharekhan Demat Account Charges for Selling Shares: 0.04%, Minimum Rs. 15.
  6. Sharekhan Dematerialization Charges: Rs. 3 per certificate or Rs 15 per request, whichever is higher.
  7. Sharekhan Rematerialization Charges: Rs. 25 per certificate of 0.12% of the value of the securities, whichever is higher.
  8. Sharekhan Demat Account Custody Fee: NIL
  9. Charges for Requests to freeze or defreeze Sharekhan Demat Account: Rs. 25 per request.
  10. Sharekhan Demat Account Charges for pledge creation/closure: 0.02%, minimum Rs. 15.