Aug 22, 2018 11:50 AM
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(Updated Aug 22, 2018 11:55 AM)
Hello friends!
Sharekhan was my first stock broker. I started my investment journey with Sharekhan. This is a trusted company which is own by BNP Paribas. Sharekhan has their many branches in many States and cities.
Their coustomer service is also good. They speaks so politely. They have a Toll free number.
One thing that I don't like about this company is their high brokerage. I opened my account through a branch. The branch manager charged 500 Rs for opening an account. They takes 400 AMC charges per year.
Intraday charge is 0.10%( buy+ sell= 0.20%). So if my total turnover is 100000, I have to pay 200 Rs as brokerage. Tax and other Charges extra.
Delivery charge is 0.50%( buy+ sell= 1%). So if I buy stocks today and sell it after two or more days, I have to pay total 1% as brokerage. For example if my total turnover is 100000 then They will take 1000 Rs. Tax and other Charges extra.
So I have opened a new account with Zerodha. This is a discount broker and their brokerage is very low. Delivery= 0, Intraday= 0.01%. I will write a review on Zerodha soon.
Finally I want to say that Sharekhan is not for short term investors. So I am thinking to close my sharekhan account.
