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Mirae Asset Sharekhan Demat Account Charges, Review, Opening

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Established in 2000, Mirae Asset Sharekhan (formerly known as Sharekhan) is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), Sharekhan App and Investiger App (available for Android and iOS devices).

Designed for Serious Investors and Traders, who believe in conducting serious research and analysis and adhering to serious discipline, Mirae Asset Sharekhan’s full-service model consists of an expert Research team, experienced Relationship Managers, a wide network of branches, information-packed trading & investing platforms and educational modules.

Mirae Asset Sharekhan Demat Account Key Features:

  • Online account management
  • Online transfer of securities
  • Ability to manage account by visiting local branches
  • Seamless transaction between trading and demat account
  • Auto deposit of dividends in linked bank account
  • Ability to link 5 Demat account to trading account

Mirae Asset Sharekhan Demat Account Opening Charges

To open a new Demat account with Mirae Asset Sharekhan, the customer may have to pay Demat account opening charges. The broker may also charges Annual Maintenance Charges (AMC), a yearly fee to maintain the Demat account.

ServiceCharges
Demat Account Opening FeeRs 0 (Free)
Demat Account Annual Charges (AMC)Rs 400 (Free for 1st year)

Mirae Asset Sharekhan Demat Charges

Mirae Asset Sharekhan trading and demat account opening fees are Rs 0 (Free). Mirae Asset Sharekhan charges Rs 400 (Free for 1st year) per year demat account AMC. Mirae Asset Sharekhan demat debit transaction fee of Scheme A & B: Sales through Sharekhan: Rs 0 Else 0.03% of value of tran(min Rs 30), Scheme C & D: Sales through Sharekhan Rs 6 Per tran Else 0.03% of value of tran(min Rs 30), Scheme E & H: Sales through Sharekhan 0.03% of value of tran (E:min Rs 29,H:min Rs 30) Else 0.03% of value of tran(min Rs 49), Scheme F: 0.03% of value of tran(min Rs 30), Scheme G: 0.03% of value of tran(min Rs 49) per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 0 (Free)
2 Transaction Charges (Buy)
3 Transaction Charges (Sell) Scheme A & B: Sales through Sharekhan: Rs 0 Else 0.03% of value of tran(min Rs 30), Scheme C & D: Sales through Sharekhan Rs 6 Per tran Else 0.03% of value of tran(min Rs 30), Scheme E & H: Sales through Sharekhan 0.03% of value of tran (E:min Rs 29,H:min Rs 30) Else 0.03% of value of tran(min Rs 49), Scheme F: 0.03% of value of tran(min Rs 30), Scheme G: 0.03% of value of tran(min Rs 49)
4 Annual Maintenance Charges (AMC) Scheme A: Rs 400, Scheme B: Rs 500, Scheme C: Rs 350, Scheme D: Nil, Scheme E: Rs 100, Scheme F: Rs 500, Scheme H: Rs 1000, Scheme G: Nil(holding Value <= Rs 50000) or 100(holding Value from Rs 50001 to Rs 200000)or 400(holding Value >Rs 200000) Scheme A, C, E & H: Free for the 1st Year.
5 Demat + Courier charges Rs 5 per share certificate (minimum ₹ 50 per request)
6 Remat Rs 50 per certificate or Rs 50 for every hundred securities
7 Pledge Creation 0.03 % of the value of the Transaction (Min Rs 100 per transaction) Securities Pledge under Margin Funding - Rs. 30/- Per Transaction
8 Pledge Creation Confirmation Nil
9 Pledge Invocation Nil
10 Failed Transactions Nil
11 Other Charges Freeze /De-freeze - Rs 25 per request Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum Rs 100) Client Master changes Rs 30 per request for Tariff G

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Frequently Asked Questions

Sharekhan offers a 2-in-1 account combining a trading account and a demat account. The Sharekhan demat account allows customers to hold securities (shares, mutual funds) in electronic format for secure and easy online transactions.

Sharekhan is a depository participant (DP) with both depositories CDSL and NSDL. The membership allows it to offer a demat account opening and its servicing.

Key Features of Sharekhan Demat Account are:

  • Online access to your demat account.
  • Automatic credit/debit of securities.
  • Automatic deposit of dividends, bonus etc., in the linked bank account.
  • Facility to link 5 demat accounts to the trading account.
  • Hold stocks, mutual funds, IPO shares and bonds etc.
  • Alerts on every debit/credit transaction

You could open a Sharekhan account in 2 ways:

  1. Request a Call Back

    Click here to fill a callback request form. You will receive a call from Sharekhan in few minutes. The customer representative will answer all your questions and help you with account opening.

  2. Visit Local Branch Office

    Sharekhan has local branch offices and franchises in many cities across India. To open account in-person, follow the below step:

    • Go to https://stockbroker-branch.sharekhan.com/
    • Enter state, city and locality
    • Click on the Sharekhan icon nearest to your location and get details on branch office/sub-broker
    • Call them and express interest to open an account
    • A representative will visit you in-person to complete the process.

Yes, Sharekhan is an authorized depository participant (DP). Sharekhan offers a 2-in-1 account which includes demat and a trading account. The demat account allows you to hold securities (Shares, Mutual Funds, ETF, Bonds etc.) in electronic format for secure online transactions.

Sharekhan is a member of both NSDL and CDSL depositories. Sharekhan offers a demat account and its related services through its membership with NSDL and CDSL.

The Sharekhan DP IDs are:

  • NSDL DP ID: IN300513
  • CDSL ID: 12036000

Sharekhan demat account is good. It is among the leading full-service stock brokers in India for over 20 years. It has a nation-wide presence through a network of branches and franchise offices. It offers personalized services through RM, research and recommendations.

Sharekhan is an authorized stock broker offering a range of investment and trading services to the investor. Sharekhan is also a depository participant (DP) with NSDL and CDSL, the two national depositaries.

Sharekhan offers a 2-in-1 account which includes a trading and a demat account opened and linked together for seamless transactions. This account allows you to trade at BSE, NSE and MCX exchanges in Equity, Commodity and Currency. It also allows you to invest in Mutual Funds, Bonds and ETFs etc.

Sharekhan offers demat and trading account services online as well as offline. You could manage your accounts online through the Sharekhan website or its mobile trading app.

Sharekhan is a depository participant (DP) with both depositories NSDL and CDSL. The customer chooses the depository at the time of account opening. While both are pretty same, the NSDL changes are higher than CDSL.

Sharekhan DP Ids

  • NSDL DP ID: IN300513
  • CDSL ID: 12036000

Sharekhan is a leading full-service stock broker offering investment in Stock Markets and Mutual Funds. Sharekhan offers its services online as well as offline through branch offices.

Once you've opened a Sharekhan demat account, you can use it to invest, trade and hold all the shares, mutual funds, IPO shares and bonds etc.

  • Trading: Your Sharekhan account can be used to trade at BSE, NSE and MCX. You could trade online using the Sharekhan website or mobile app. You could also visit the Sharekhan branch or call them to place orders.
  • Mutual Funds: You could buy regular or direct mutual funds using your Sharekhan account.
  • IPOs: You could also use the Sharekhan account to apply for an IPO.

Note that you are required to link your Sharekhan demat account with a bank account. All the gains from the securities held in the account like bonuses, dividends etc., will be automatically credited to your bank account.

Sharekhan will send SMS/email for every credit/debit transaction in your demat account.

Sharekhan is a depository participant (DP) of both NSDL and CDSL depositories. This dual membership allows Sharekhan customers to choose from any one of them while opening the account.

Sharekhan DP Ids

  • NSDL DP ID: IN300513
  • CDSL ID: 12036000

For the customer, an account with NSDL or CDSL doesn't make much difference. NSDL and CDSL are the only two governments authorized depositories in India. NSDL is promoted by NSE, IDBI and UTI. CDSL is promoted by BSE, Standard Chartered Bank, HDFC Bank and Canara Bank.

BOID or Beneficiary Owner ID is a unique identification number assigned to each Mirae Asset Sharekhan Demat account holder. It is a 16-digit number containing DP ID in the first part and the customer's identification number in the second part.

The BOID is given to the customer with the Mirae Asset Sharekhan welcome package when opening a new account.

After successful account opening, information about DP ID and BOID can also be accessed on the trading platforms.

Mirae Asset Sharekhan offers free account opening to its clients, i.e. no account opening fees are charged for opening demat and trading accounts with Mirae Asset Sharekhan.

Mirae Asset Sharekhan also does not charge account maintenance fees for clients in the first year of trading.

Yes, Mirae Asset Sharekhan is a full-service stockbroker offering online demat account opening services. Customers can apply to open new accounts directly on the website.

Mirae Asset Sharekhan Demat account is an account that allows investors to hold their securities such as stocks, mutual funds, bonds, commodities, derivatives, etc. in dematerialized form. The Demat account offers features such as Mirae Asset Sharekhan Research, vetted and trusted technology, relationship manager support, a wide range of investment services, simplified pricing and much more.

  1. To open an online demat account with Mirae Asset Sharekhan, please follow the steps below:

Go to the Mirae Asset Sharekhan website - https://www.Mirae Asset Sharekhan.com/.

  • Click on the "Open Account" button at the top right of the main page.
  • After clicking on it, a pop-up window will appear asking you whether you want to open your account 100% digitally or by visiting you at home or at work.
  • If you choose the "visit" option, you will be called back by a Mirae Asset Sharekhan representative who will help you open your account.
  • In case of digital account opening, click on "Start Now". You will then be redirected to the "Open a free* demat and trading account in 15 minutes" page.
  • Enter your basic details such as name, mobile number, email ID and city and click on the "Start" button.
  • Upload some documents required for opening a demat and trading account for verification.
  • Your demat and trading account will be opened and activated after verification.
  • You will receive a welcome package to set up the account and you can start trading via Mirae Asset Sharekhan's online trading platforms such as the mobile app and the desktop app.

Closing Mirae Asset Sharekhan Demat account is not possible online. Applicants must submit an offline application to the Mirae Asset Sharekhan office.

So Mirae Asset Sharekhan Demat account cannot be closed through online platforms, email or phone. The customer has to download the application form.

Fill in all the required details such as DP ID, security segments, name of the holder(s), reasons for closing the account, etc.

In addition, the applicant must submit a separate request for product deactivation.

Mirae Asset Sharekhan Demat account allows you to manage all your financial securities from one place. The account can be opened online or offline, depending on the suitability of the applicant.

The primary process of Mirae Asset Sharekhan account opening begins on the online website.

Go to the "Open an account" section on the website.

There you will find two alternatives -

  • Opening an account digitally
  • Opening an account by visiting at home or at work

Both procedures are secure, reliable and streamlined. The procedure is designed to be as convenient as possible for customers.

To access and log in to the Mirae Asset Sharekhan account, you can either use the web browser or download the Mirae Asset Sharekhan mobile app.

Whether you use the web browser or the mobile app, log in using your login ID, your membership password and your trading password.

Enter the required digits and log in to your account.

A demat account is an online account that provides the service of holding securities in demat form.

Each Mirae Asset Sharekhan client is assigned a unique account number that provides access to their demat account. The demat account number is a 16-digit identification number unique to each account holder.

The first 8 digits of the Demat account number belong to DP ID and the last 8 digits are the customer's account number.

Mirae Asset Sharekhan is a participant in both CSDs, i.e. NSDL and CDSL. Therefore, customers can get their demat accounts at either of the mentioned.

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Information on this page was last updated on Friday, February 16, 2024

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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