0.30% Standard delivery brokerage		₹0 Dial-N-Trade (phone order) charge		3.7/5 CSB Rating
4,200+ Centres in 1,100+ cities		6.3L Active clients (Jun 2025)		₹0 Account opening

Sharekhan Limited, founded in 2000 in Mumbai, was one of India's pioneering full-service retail stockbrokers — among the first to bring online broking to the Indian masses. In November 2024, Mirae Asset Financial Group completed its acquisition of Sharekhan, rebranding it as Mirae Asset Sharekhan. The SEBI registrations, platforms, and operational structure remain under Sharekhan Limited (SEBI INZ000171337). With 6.3 lakh active clients (June 2025) and a network of 4,200+ centres across 1,100+ cities, Sharekhan has the widest retail physical presence of any broker reviewed on CSB — including international offices in Oman and UAE.

Sharekhan's competitive identity rests on three pillars: its massive branch and franchisee network (serving investors in hundreds of tier-2 and tier-3 cities where no other broker has physical presence), its free Dial-N-Trade (phone-based order placement with no extra charge — one of only three brokers in this review to offer this), and its full-service research and RM ecosystem including Sharekhan Classrooms, TradeTiger (one of India's oldest and most widely used desktop trading platforms), and the Investiger app for research-driven portfolio management. The Mirae Asset acquisition introduces new capital and global financial product capabilities into the mix.

Brokerage (standard)

2.7

Branch & RM network

4.9

Research & advisory

4.0

TradeTiger platform

3.8

Accessibility (Dial-N-Trade)

4.5

Overall Rating

3.7

Ratings based on independent testing, verified user reviews, SEBI complaint data, and platform benchmarking. Updated March 2026. Branch network rated highest among all reviewed brokers — 4,200+ centres is a genuine and rare differentiator.

TradeTiger is Sharekhan's flagship installable desktop trading terminal — one of the oldest and most widely used professional trading platforms in India. It features real-time charting, technical indicators, multi-market watch, and fast order execution, and has a strong following among serious equity and F&O traders who prefer desktop platforms. Sharekhan App is the mobile platform for Android and iOS. Investiger App is a research-focused app providing stock picks, analysis alerts, and portfolio tracking designed to guide investment decisions. sharekhan.com is the web trading platform. Sharekhan Classrooms provides structured market education from basics to advanced trading strategies, available online to all account holders.

Sharekhan's research team provides stock recommendations, sector reports, and market updates. One notable limitation: Sharekhan does not offer direct mutual funds — only regular mutual fund schemes. Investors who want to invest in direct MF plans (with lower expense ratios) need to use Zerodha Coin, Groww, or a standalone MF platform alongside their Sharekhan account.

• You are in a tier-2 or tier-3 city — 4,200+ centres across 1,100+ cities means Sharekhan has physical presence where ICICI Direct (87 branches), HDFC Securities (270 branches), and Kotak Securities (150 branches) do not. For investors who want local, in-person service, Sharekhan is often the only full-service option available.
• You rely on phone-based order placement — free Dial-N-Trade means you pay no extra charge for phone orders, unlike ICICI Direct (₹50/order) and Zerodha (₹50+GST). For investors who prefer calling their broker to place trades, this is a significant daily cost saving.
• You are a TradeTiger user — TradeTiger has a loyal following among professional traders who have used it for 15+ years. Its reliability, feature set, and familiarity are hard to replace for established desktop traders.
• You are an Oman or UAE-based NRI — Sharekhan has physical offices in Oman and UAE, providing local NRI support that no other reviewed broker offers in these markets.
• You want structured market education with local RM support — Sharekhan Classrooms combined with a local RM is particularly valuable for new investors who want hand-holding in their local language and city.

• You want direct mutual funds — Sharekhan offers only regular MF schemes. Direct plan investors (who benefit from lower expense ratios) must use another platform for MF investments.
• You are cost-focused — 0.30% delivery brokerage + ₹400/year AMC from yr2 + ₹150 account closure fee make Sharekhan moderately expensive. Discount brokers offer ₹0 delivery with no closure fee.
• You want the latest technology — while TradeTiger is battle-tested, the mobile app has received mixed reviews post recent updates. The overall platform innovation pace is slower than app-first brokers.

Sharekhan Limited (now Mirae Asset Sharekhan) is SEBI-registered (INZ000171337) with BSE, NSE, MCX, and MSEI memberships, NSDL and CDSL DP registration (IN-DP-365-2018), and Research Analyst registration (INH000006183). Operating since 2000 with 25+ years of history and 6.3 lakh active clients, Sharekhan is a well-established and trusted broker. The Mirae Asset acquisition (November 2024) introduces the backing of a South Korean global asset manager with $600B+ AUM, adding significant financial strength. Your demat holdings are held in your personal demat account independently of Sharekhan Limited. The combination of SEBI registrations, 25-year track record, and Mirae Asset group backing makes Sharekhan a safe and reliable broker.