Here is the current Sharekhan charge details

Hi,

Since i'm planning to open a sharekhan account this weekend,
today I called up one sharekhan agent and asked about the charges.

Here are those:

** One time fee: 1) Rs.750
2) Rs.500(for this you need to pay Rs.20,000 advance, which can be used for trading!)

** annual maintenance fee:
nil for first year.
Rs.300 each year from second year onwards.

Here are the main ones:

There are different plans for intraday and delivery charges.


plan(extra charge)________delivery________intraday

ordinary_____ 0.5 ________ 0.1
Rs.2000________0.4________0.08 or 0.075
Rs.6000________0.25________0.05

all kinds of charge for tax extra

Now its turn for asking the questions!!
1) are the charges ok? Can I go with it?
2) he is telling that there is no seperate section for intraday. if we buy and sell in the same day, then it will be considered intraday and if we sell after atleast one day, it will be considered as delivery. No need to choose intraday/delivery. Is it?

Praveen.

Hi bvpraveen,

It is true that we do not have to select Intraday/Delivery as in Indiabulls web based.

But there is no Relationship Manager for your account , I beleive.We have to call their Customer Support Team and every time new person helps us.Suppose a call gets cut we can't directly talk with the same CS person.Again we have to explain the support guy the whole story.Recently I had to call 3-4 times within 10-15 minutes at 3:15.Guess the importance of time wasted.

In IndiaBulls we can talk with RM (I am not sure as I don't have acct with Indiabulls, but I have heard they have dedicated RM.)

Brokerage calculations always mismatch with Sharekhan .If they say 0.03 for Intraday, then sometimes I have faced a problem that it is higher .

In Non-Delivery period how they calculate is a Million Dollar Question.

I am waiting for few days and would then go for India Bulls Demat account.

Please compare IndiaBulls & Sharekhan thorougly and then decide upon .

Raju


All the Best!

hi
what is the Rs 2000/6000 charge about. is it per month or will it
be adjusted against brokerage

hi
what is the Rs 2000/6000 charge about. is it per month or will it
be adjusted against brokerage

The charges looks very high for sharekhan if it is not adjusted with the brokerage.I think the most economical is Relicare (ranbaxy) then India bulls and then India infoline in that order.If you are considering a software based system then Infoline looks ok for me They allow both nse - bse ,margin trading (they charge high interest) and i have never tried the other two.I also trade with a web based (webx) broker.They have only Bse scrips and also the web based systems are some times slow and can have frequent disconnections etc.I think most of the new brokers coming up don't charge anything for opening account for the first year.And also if you are doing good volume then always can ask for a better bargain in brokerage
Thanks

Hi,

Can we trade in both NSE and BSE in sharekhan, or just we can do only in BSE?

Praveen.