Mirae Asset Sharekhan FAQs (Frequently Asked Questions)

Sharekhan Flexi Invest provides the flexibility to change the SIP amount without changing the electronic clearing system (ECS) fee every month. The Flexi Invest Sharekhan plan saves you from a lengthy process of changing the ECS mandate every time you wish to change your SIP amount.

Key Features of Sharekhan Flexi Invest

• In the event of no change in SIP by you, the default amount set by you is deducted.
• Facility to change date and frequency of SIPs
• Facility to link SIPs with key ratios to automatically increase the SIP amount when the market is low and decrease the amount when the market is high.

Sharekhan is good for trading for following types of investors-

• Traders who trade in high volumes because the brokerage charges for high volume trading is less.
• Sharekhan is good for new traders as it offers good online training on investments and trading. It has partnered with California based Online Training Academy that provides well-designed trading courses.
• Aged traders who are not tech savvy. It has a free dial n trade facility service wherein you can place your orders on telephone.

Sharekhan offer trading services in equity, commodity, currency and derivatives. Is sharekhan good for trading? Let's first understand its advantages and disadvantages-

Sharekhan is one of the largest brokerage company in India. Incorporated in 2000, it is the first broker to offer online trading in the country. The company was, in 2016, acquired by leading European Bank BNP Paribas and is today known as Sharekhan BNP Paribas Financial Services Private Limited.

Sharekhan serves over 16 lakh customers through 153 branches and 2400 business partners at 575 locations spread across the country. Sharekhan's trading platform executes over 400,000 trades daily.

Sharekhan offers a range of savings & investment solutions like-

• Equity Trading
• Derivatives Trading
• Currency Trading
• Mutual Funds & SIP
• Bonds
• IPO
• Portfolio Management Services
• Training
• NRI Services

Established in 2000, Sharekhan is a full-service stock broker in India. It offers stock market trading and investment to investors in India. The company also offers NRI investment services online as well as through its branch offices in the UAE and Oman.

Sharekhan was acquired by BNP Paribas in 2016. It runs as a wholly-owned subsidiary of BNP Paribas. BNP Paribas S.A. is a leading bank in Europe. It is listed in Euronext Paris, France's securities market.

Sharekhan offers retail broking services in equity, commodity and currency segments, IPOs, portfolio management services, and mutual funds. The company also offers research and stock recommendations to its customers.

The online trading services are offered through the following platforms-

• Sharekhan App (Mobile Trading)
• Sharekhan Website (Website Trading)
• TradeTiger (Trading Terminal)

Customers can also trade offline by visiting any of the Sharekhan offices spread in 634 cities across India. In addition, it also offers Call & Trade services wherein you can place orders on the phone.

Sharekhan is owned by BNP Paribas, a leading European bank. Sharekhan started as a private limited company in 2000. It has been owned by BNP Paribas since November 2016.

Sharekhan started its stock broking operations in 2000. In 2016, the company was bought by European bank BNP Paribas. Sharekhan has its registered office in Mumbai with 3200 branches and franchise offices in over 634 cities across India.

No, Sharekhan is not a listed company. The company started as a private limited company in 2000. BNP Paribas, a leading bank in Europe bought the company in November 2016. Today it runs as a wholly-owned subsidiary of BNP Paribas.

BNP Paribas is listed in Euronext Paris, France's securities market.

Sharekhan is not listed at BSE or NSE in India.

The process to change a bank account linked to your Sharekhan trading account cannot happen online. You have to fill out a Client Master Form and submit it with your nearest Sharekhan branch or a sub-broker. Here are steps to change bank account in Sharekhan:

1. Download both the copies of the Client Master Form here
2. Print, fill the relevant part of the form and sign.
3. Attach a cancelled cheque of the bank account that you want to be linked to your account.
4. Visit your nearest branch/sub-broker office and submit it.
5. The executive taking your form will return one copy of the form after putting the official branch stamp on it. Keep the copy as an acknowledgment.

Note:

• Your name should be printed on the cheque. If the name is not printed then also a copy of your latest bank statement/passbook along with the cheque.
• It is mandatory to fill in your Mobile No. & Email id in the Client Master Form.

Sharekhan account cannot be closed online, over the phone, by online chat or by sending an email. It has to be done by filling the account closure request form (paper-based) and submitting it to Sharekhan.

Steps to deactivate Sharekhan account

1. Visit the local Sharekhan branch.
2. Contact your relationship manager (RM).
3. Request for an account closure form.
4. Fill the form, sign it and attach all the unused DIS slips.
5. Submit the form in the office or courier it to the address mentioned in the form.

Note:

• For a joint account, all account holders must sign in the form.
• It may take up to 7 working days to process the account closure application.
• Make sure to follow-up with RM in case you don't get any confirmation.

Sharekhan provides various financial education resources to its customers to learn and enhance their trading skills. Sharekhan classroom is one such free online program for stock market training.

Every month, online classroom sessions are held wherein the basics of trading and investing, online demos and advanced trading concepts are discussed. The training videos are available in English and Hindi languages.

Sharekhan customers can view the program schedule here. To attend a program, they need to register for it and join online at the scheduled timings. On registration, you will receive the joining credentials to get access to the module.

Those who cannot attend the LIVE modules due to time constraints can visit the 'Action Replay' section by logging in to the website where recorded versions of all the modules are available.

Sharekhan trading account can be close at any time by submitting an account closure request form. The Sharekhan customer has to download the account closure form, print it, fill it, sign it, and courier it to the Sharekhan office to initiate the request. Sharekhan trading account cannot be closed online.

To close the Sharekhan trading account, you need to submit the duly filled and signedaccount closure form to the nearest branch of Sharekhan along with the unused DIS slips.

You can also courier the form to the address mentioned in the closure form.

Before submitting the account closure form, make sure to sell or transfer securities from your Demat account and pay the outstanding dues to the broker, if any.