Overview of Sharekhan fees and charges
When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, Sharekhan is a poor choice, as it has high fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Sharekhan fared:
- Sharekhan charges high fees for trading stocks and ETFs.
- There is no inactivity fee even if you leave your account idle for a long time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of Sharekhan for info on safety, trading platforms and funding.
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Not available |
| EURUSD fee | - | FX not available |
| US tech fund fee | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Sharekhan trading fees may not appear particularly high in a global comparison, but they're significantly higher than the fees charged by the company's closest competitors on the Indian market.
In another negative, the fee structure is not transparent at all. In what is a quite unusual practice among brokers, Sharekhan's website contains no official information about fees. It is possible to get this information only by contacting the customer support team, or by actually opening an account, after which you will receive some documents about pricing.
Indian stock fees and FX fees
We compared the fees for equity delivery trading in the case of Reliance, and currency futures trading in the case of USDINR. In our review, a typical trade means buying a position, holding it for one week, and then selling it. For the volume, we chose a $2,000 position for our stock trade, and $20,000 for the USDINR transaction.
This catch-all benchmark includes spreads, commissions and financing costs for all brokers.
According to this comparison, Sharekhan has relatively high stock fees and currency futures fees, especially when matched against Zerodha's commission-free Indian stock offer.
| Sharekhan | Zerodha | Interactive Brokers | |
|---|---|---|---|
| Indian stock | $4.00 | $0.0 | $0.20 |
| USDINR benchmark fee | $4.0 | $0.5 | - |
No inactivity fee, no withdrawal fee
There is no inactivity fee or withdrawal fee. However, from the second year onward, you will be charged a maintenance fee of INR 400.
Sharekhan doesn’t charge any fees for Depository Participant (DP) transactions. The transfer of shares to and from a DP account is free.
| Broker | Inactivity fee | Withdrawal fee |
|---|---|---|
| Sharekhan | $0 | |
| Zerodha | $0 | |
| Interactive Brokers | $0 |
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
