FAQs

Q. What is the primary requirement to start investing /trading in shares?

A. To start investing and trading in shares, a person should

a) Have at least a basic understanding of the working of the stock exchanges, depositories, brokers. Must also familiarize oneself with the market terminologies. (All the necessary information you may need is on this website.)

b) Open a Trading and Demat account with Sharekhan

Q. How much money do I need to start investing /trading in shares?

A. You can start with as little as Rs.5000/-

Q. Do I have to produce the original ID proof and address proof at the time of opening the account?

A. Photos of original proofs will have to be uploaded while opening an account through online Aadhaar verification.

In case of opening the account using a physical form, the copy of the proofs submitted must be verified with the originals by an authorized person of Sharekhan.

Q. How much time does it take to open an account with Sharekhan?

A. Trading and Demat account can be opened online through Aadhaar verification, within 15 minutes of uploading the original photos of the documents.

In case of submitting a physical form, if there are no discrepancies, the account is usually opened in a couple of days.

Q. Do I have to open separate accounts for trading in other market segments like F&O, Currency, and Commodities?

A. No. You can trade in all the segments by opening a single account with Sharekhan. At the time of account opening, you must decide the trading segment you prefer. You can also activate them at a later date by submitting the prescribed form and documents.

Q. Are there any charges for opening an account?

A. There are no charges. The account opening is absolutely free.

Q. Will there be any recurring charges for maintaining the account?

A. Yes. An annual maintenance charge (AMC) of Rs.400/- has to be paid. For the first year, it is Free.

Q. What is the rate of brokerage?

A. The brokerage is 0.50% or 10 Paise per share, whichever is higher for 'Delivery' trades and 0.05% or 5 Paise per share, whichever is higher for 'Intra Day' trade.

Q. Are there any taxes charged?

A. Yes. There are several taxes to be paid, such as Service tax on brokerage, Securities transaction tax, Exchange Transaction tax, and Stamp duty.

Q. What are the different rates of taxes?

A. Taxes applicable from 2017

  • Service Tax :- 18% on brokerage + ETT

  • Securities Transaction Tax (STT) on Delivery :- 0.1000%

  • Securities Transaction Tax (STT) on intra day :- 0.0250%

  • Stamp Duty on Delivery :- 0.0100%

  • Stamp Duty on Intra day :- 0.0020%

  • Exchange Transaction Tax (ETT) :- 0.0035%

  • SEBI Transaction Charges :- 0.002%

Q. Do I get any confirmation of my trading transactions from Sharekhan?

A. Yes. If you have done any trading on a particular day, you will receive a 'Contract Note' from Sharekhan with all the details on the same day.

Q. If I were to change my present location, can I transfer my account to the nearest Sharekhan office?

A.Yes. You can transfer your account to any of the 2500 plus Sharekhan outlets by visiting the office where you want to shift and submit the prescribed shifting form. The process usually takes a week to 10 working days.

Q. Can I engage in trading as a part-time or full-time business?

A. Trading as a business is a good idea. You must be prepared to invest your money, treat it with all its seriousness, and dedicate your time and energy just like any other business. Before venturing into trading, you must acquire a good understanding of how the system works and learn to interpret the charts by using the various tools available on your trading platform.

Q. What is the requirement for trading as a business?

A. Having a computer with a good internet connection installed at a specially designated space in your home or office, away from all distractions, is a basic necessity. Then, of course, you need capital for the business.