Share khan new account

Dear Alls,
I want to open new account vth share khan.
So i want to know there charges as follows
1)Account opening charges ONE TIME and others if any.

2)Monthly charges or annualy charges if any.

3)minimum turnover or brokarage commitment if any

4)rates of brokerage for commodities (as i trade on MCX and NCDEX)

5)any other expenses they charge for there software


I hope u all reply me for my above quaries.
thanks in advance.

Re: Trustworthiness

I have a query as well - regarding trustworthiness of various brokers including sharekhan - I have about 20lac in mutual fund investments and 15lac in equity trading account that I am migrating to India- who can I trust with these large amounts? I have picked sharekhan for now but can i keep large amounts with them? Then who else?


Answer to above, sharekhan will give you 0.1% delivery and 0.0075% intraday if you open an account with 1lac and negotiate. Upfront 700rs charges or so.


Many thanks

Re: Trustworthiness

Better open your demat account with some bank and keep your money safely than any other place. If you wanna trade daily, open a second account with some other broking firm that's your preference.

SO would HDFC bank be considered safe? Or ICICI or any suggestions from people in the know? I read today that these 2 are considered "foreign" banks from now on. So who should I trust with my money over the long term?

^ Bala, as per SEBI we investors are in safe hands with all the brokers. Even if they go bankrupt our shares in our demat are safe. If they go bankrupt, we are allowed to transfer our shares to another demat account from other broker.

But with some loop holes some broker do trade in our account with out our knowledge that might lead to severe financial loss to us. I am just saying this, very few do this some times. Not everyone and not always.

Demat account from banks are considerably safer than these stock brokers. If you feel that ICICI and HDFC or any other private bank will run away with your shares (they can't run away like that) better open with SBI or Bank of India. But up to my knowledge, trading platform provided by any bank are not good to do day trading.

You can even restrict your broker by not giving PoA. With this, they can't touch your shares. But there are some paper works need to be done each and every time you sell your shares from your demat account.

Don't get confused if you don't understand everything. Take your time, scan threads which are relating to demat and trading account. Google it. You will get knowledge about these things in few weeks to a month. Then decide with whom you can open demat account. Till then, leave your money sleep in your bank account.