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Established in 2000, Mirae Asset Sharekhan (formerly known as Sharekhan) is a full-service stock broking firm considered 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 also offers InstaMF, a paperless online account to start investing in Mirae Asset Sharekhan MF schemes. The broker also offers a list of the best SIPs to invest in through Mirae Asset Sharekhan and the best mutual fund schemes to invest in that are handpicked by a team of experts at the Mirae Asset Sharekhan Mutual Fund Platform. With a Mirae Asset Sharekhan mutual fund calculator, it is easy to plan as per your financial goals and invest accordingly.
Mirae Asset Sharekhan offers regular mutual funds and charges an indirect commission from the fund house. Hence, while investing in a mutual fund with Mirae Asset Sharekhan, you have to pay a commission that is paid from your earnings. The broker doesn't charge anything for using the Mirae Asset Sharekhan Mutual Fund platforms. And, you have to pay directly to Mirae Asset Sharekhan when you choose special services offered by the broker such as portfolio management. The investors only require an InstaMF account for the mutual fund segment. You don't need to open a Demat account to invest in a mutual fund with Mirae Asset Sharekhan.
All brokers have the option to charge transaction fees for offering mutual fund investment facilities. But Mirae Asset Sharekhan keeps it free for the investors.
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Mirae Asset Sharekhan Account Opening Charges |
Nil |
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Mirae Asset Sharekhan Mutual Fund AMC Fees |
Nil |
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Mirae Asset Sharekhan Mutual Fund Brokerage |
Nil |
|
Mirae Asset Sharekhan Mutual Fund Commission |
Nil, an expense between 0.05% to 1.50% is charged on scheme Total Expense Ratio by Asset Management Companies which is adjusted from NAV |
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Mirae Asset Sharekhan Mutual Fund DP Charges |
Mirae Asset Sharekhan offers mutual funds in both DEMAT and non-DEMAT modes and there are no additional charges on non-DEMAT mode |
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Other Charges |
No transaction charges |
Opening a mutual fund account with Mirae Asset Sharekhan is quite easy. Visit the official website and click on InstaMF. Next, click on Open an Insta MF Account. Now, you have to follow these three steps to start investing with Mirae Asset Sharekhan MF schemes:
Enter your PAN, Adhaar card and other important information to complete the first step of online MF account opening.
Complete the verification process by entering the Mobile OTP. After verification, create an InstaMF login ID and password.
Add the bank details and upload a copy of the cheque leaf of your bank account.
That's all. You can start investing in a mutual fund through the Mirae Asset Sharekhan MF platform.
Mirae Asset Sharekhan Mobile App allows investment across Equity, derivatives, and mutual funds. It provides one-tap investment features in mutual fund schemes. Mirae Asset Sharekhan Mobile App is an integrated platform to invest in different investment options through a single platform.
Key Features of Mirae Asset Sharekhan Mobile App for mutual fund investors:
Download Mirae Asset Sharekhan Share Market Mobile App
Mirae Asset Sharekhan Website is a browser-based application to invest in equity, derivatives and mutual funds. It allows both lump sum and SIP modes of investment.
Key Features of Mirae Asset Sharekhan Website for Mutual Fund Investors:
Access Mirae Asset Sharekhan Trade Now Website
Mirae Asset Sharekhan also offers a dedicated mutual fund investment app which is the Insta MF app. It is a completely free platform to invest in Mirae Asset Sharekhan Mutual Fund schemes. You just need to open an InstaMF account and log in to the app through an OTP-based process.
Key Features of Mirae Asset Sharekhan Insta MF App
Download Mirae Asset Sharekhan Insta MF App
Mirae Asset Sharekhan offers 3 types of Mutual Fund Calculators including Investment Calculator, Goal Calculator, and Compare Funds. All four calculators are available free at the official website of Mirae Asset Sharekhan. Anyone can access the calculator to get assistance in financial planning. Here is how to use them:
Investment Calculator helps in calculating expected returns. You can choose an investment route as SIP, Lumpsum, Delay Cost and Lump Sum / SIP Balancer. Then you have to enter the investment amount, expected rate of return and duration of investment to calculate the expected returns. The result will show you the total invested amount and expected returns.
This calculator helps you when you have a specific goal such as a wedding, dream house, dream car or education as the financial objective for choosing Mirae Asset Sharekhan Mutual Fund. It shows the returns as per inflation rate, expected rate of return, time horizon and investment amount.
When you want to compare two or more schemes as per their past performance, asset allocation, and risk measures, you can use the Compare Funds calculator. You have to type the name of the schemes and click on enter to add the schemes for comparison.
Mirae Asset Sharekhan offers assistance through call or email for InstaMF accounts. You can contact Mirae Asset Sharekhan InstaMF on 022-25753200 / 022-25753500 and mail on myaccount@Mirae Asset Sharekhan.com for any query. For InstaMF users, Mirae Asset Sharekhan provides online chat assistance between 09:00 am and 05:00 pm from Monday to Friday.
Mirae Asset Sharekhan doesn't offer direct mutual fund schemes. All the schemes offered on the Mirae Asset Sharekhan MF platform are regular schemes from different fund houses. You have to pay a commission indirectly to the broker.
Mirae Asset Sharekhan doesn't charge any brokerage, transaction and maintenance charges for mutual fund investments. It also offers InstaMF online instant mutual fund account opening facility. If you are looking to diversify your portfolio and invest in a regular mutual fund, you can choose Mirae Asset Sharekhan Mutual Funds.
No, Sharekhan doesn't charge transaction fees from investors. It provides a completely free InstaMF mutual fund platform. However, Sharekhan like other brokers are paid a commission by mutual fund houses. This commission is paid from your investments in the mutual fund.
Sharekhan offers SIP investment facility for mutual funds. Following steps will help you invest in SIP-
Sharekhan has three options for SIP investment which can be done through Net banking, Bank Mandate and Standing Instruction with the bank. You can choose any one option for periodic mutual fund investment through SIP.
To check the order status, please take the following steps-
Yes, Sharekhan provides mutual fund recommendations. It has a team of experts to look into the mutual fund schemes and provide the list for the best SIP mutual funds and best mutual fund schemes.
The mutual fund recommendations are available on the company's website. Here's how to access the mutual fund recommendations-
Sharekhan customers can stop their Mutual Funds SIP in Sharekhan at any time. The easiest way to stop your SIP is by submitting an online request.
Steps to Stop Mutual Fund SIP in Sharekhan Online
Note:
Sharekhan does change any brokerage as it only offers regular mutual funds. For regular mutual fund schemes, stock brokers are paid a commission by the fund house (around 1 to 2%). Broker doesn't charge any brokerage from customers.
Sharekhan also doesn't charge anything for using its Mutual Fund investment platforms.
Sharekhan Mutual Fund Charges
| Account Opening Charges | Nil |
| Mutual Fund Account AMC | Nil |
| Mutual Fund Brokerage | Nil |
Normally, in SIPs, you have to invest a fixed amount every month or quarter depending on your investment frequency. You're not allowed to change the SIP amount. But you could close and start a new SIP at any time.
Sharekhan offers a Flexi SIP facility that allows you to change the SIP amount every month without changing the electronic clearing system (ECS) mandate every month. If there's no change in SIP, the default amount set by you will be deducted. The facility also allows you to change the date of SIPs.
Sharekhan Flexi SIP is a mutual fund facility that provides you with the flexibility to change the SIP amount every month without changing the electronic clearing system (ECS) mandate every month.
In a mutual fund SIP, you commit to investing a fixed amount every month. The Flexi SIP plan allows you to change the SIP amount as per your financial health or market conditions. It also saves you from a lengthy process of changing the ECS mandate every time you wish to change your SIP amount.
Features of Sharekhan Flexi Invest
You can redeem SIP in Sharekhan at any time using the Sharekhan website or its mobile app. You also have an option redeem completely or partially.
Steps to redeem SIP in Sharekhan
Your redemption order will be updated on the order book. It may take 2 to 3 days for the money to get credited in your account.
Note: Please check if your fund is eligible for redemption before placing a request. Some fund categories like ELSS and tax saving funds have a minimum lock-in period before you can redeem the funds. You cannot redeem such funds before the lock-in period is over.
To withdraw an amount, you have invested in a mutual fund program through the Mirae Asset Sharekhan platform, you must:
No, Sharekhan does not charge any amount from its customers on investment in Mutual Funds.
You could cancel your SIP in Mirae Asset Sharekhan online at any point in time. You could also visit the Mirae Asset Sharekhan branch and submit a request for SIP cancellation. The online SIP Cancellation request is an easy option.
Steps to Cancel SIP in Sharekhan Online
Note: You do not get the funds in your bank account when you cancel SIP. It just means that future investments will stop. Your existing investments remain in the Mutual Funds. To get the funds, you need to redeem the mutual fund units.
Zerodha (Flat Rs 20 Per Trade)
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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