About Mirae Asset Sharekhan
Mirae Asset Sharekhan is one of India's longest-running full-service stockbroking houses, tracing its roots back to 2000 when it became one of the earliest players to offer online trading to Indian retail investors. For more than two decades the brand operated as Sharekhan, building a wide branch and franchise network that, even in the discount-broking era, remained one of its biggest differentiators. In November 2024, Mirae Asset Financial Group completed its acquisition of Sharekhan, and the business was subsequently rebranded as Mirae Asset Sharekhan, bringing together a legacy Indian research-led broking franchise with the global financial muscle of a South Korea-headquartered asset manager. Today, Mirae Asset Sharekhan serves more than 32 lakh customers through over 4,000 centres spread across 1,000-plus cities in India, supplemented by an overseas presence in Dubai and Oman that caters specifically to NRI investors. The broker offers access to equity cash, derivatives (futures & options), currency, commodity, mutual funds, IPOs, bonds, fixed deposits, life insurance, and portfolio management services. Its core proposition rests on three pillars: in- house equity, mutual fund, and currency research; a Relationship Manager-backed advisory layer for investors who want guidance rather than a pure do-it-yourself experience; and a multi- platform trading stack that spans a web terminal, the desktop-grade TradeTiger software, and mobile apps. Unlike pure discount brokers that strip away research and advisory to minimise cost, Mirae Asset Sharekhan continues to position itself as a relationship-driven, research-backed full- service broker. This makes it a relevant option for investors who value hand-holding, structured investment guidance and a wide branch network, while traders purely chasing the lowest possible brokerage may find better headline pricing elsewhere.
Why Choose Mirae Asset Sharekhan?
Mirae Asset Sharekhan appeals to investors who want research, advisory, and a wide service network alongside trading execution. It combines a two-decade legacy and large branch network with the global backing of Mirae Asset Financial Group.
Why Choose Mirae Asset Sharekhan?
Mirae Asset Sharekhan's appeal is built less around being the cheapest broker in India and more around being a complete financial services counter for investors who want research, guidance and a wide service network alongside trading execution.
- Two-decade legacy and a large, India-wide branch and franchise network of 4,000+ centres.
- Backing of Mirae Asset Financial Group, bringing deeper product range and technology investment.
- Free research coverage across equity, commodity, currency and mutual funds.
- Zero account opening charges and no DP AMC in the first year.
- TradeTiger professional-grade desktop terminal.
- Built-in Margin Trading Facility (MTF) with instant activation.
- Dedicated NRI desk with offices in Dubai and Oman.
- Structured investor education through Sharekhan Classroom and Roar programme.
- Free Dial-N-Trade (call-and-trade) service.
- Transparent, publicly published brokerage tariff for resident individuals.
Key Features of Mirae Asset Sharekhan
- Multi-asset access: Equity Cash, F&O, Currency Derivatives, Commodity (MCX), Mutual Funds, IPOs, Bonds & Fixed Deposits, Life Insurance, and PMS.
- Margin Trading Facility (MTF) with margin requirement starting around 25% of trade value, varying by scrip.
- 3-in-1 account integration with Axis Bank, IndusInd Bank, HDFC Bank and IDBI Bank.
- Trading API access for algorithmic and automated trading strategies.
- Free research reports, technical and fundamental stock ideas, and monthly mutual fund recommendations.
- Pledge and unpledge facility for using existing holdings as collateral margin.
Trading Platform Review
Mobile App Review
The Mirae Asset Sharekhan App is the broker's primary mobile platform for order placement, market watch, fund transfers, and account reports, available on Android and iOS. The broker also offers InvesTiger, a separate investing-focused app aimed at a simpler, beginner-friendly experience.
Web Platform Review
The Mirae Asset Sharekhan website doubles as a browser-based trading terminal, allowing clients to place equity, derivatives, currency and commodity orders, track positions, and access brokerage/margin calculators without installing any software.
Speed Analysis — TradeTiger
TradeTiger is the broker's installable desktop terminal built for active and derivatives traders who need rapid order execution, multiple market-watch windows and hotkey-driven workflows. It remains one of the more recognisable legacy trading terminals in the Indian broking industry.
TradingView Integration
Not Disclosed by Broker. Mirae Asset Sharekhan does not publicly confirm a native TradingView charting integration on its official platform pages.
Brokerage Charges Analysis
| Segment | Brokerage Charges |
|---|---|
| Equity Delivery | 0.30% on trade price or minimum 1 paisa per share |
| Equity Intraday | 0.02% on trade price or minimum 1 paisa per share (each side) |
| Equity Options | ₹39 per lot (each side) |
| Equity & Currency Futures | 0.02% per transaction value (each side) |
| Currency Options | ₹5 per lot (each side) |
| Commodity Futures | 0.10% (one side) |
| Commodity Options | 1% on premium or ₹150, whichever is higher (one side) |
Hidden Charges Analysis
Beyond headline brokerage, several account-level and transaction-level charges affect the real cost of trading with Mirae Asset Sharekhan. None of these appear to be concealed by the broker — they are listed on the official pricing page — but they are easy to overlook.
- DP Charges — No DP charge on buy-side transactions. On sell side through Mirae Asset Sharekhan itself: no separate charge; off-market or non-routed: 0.03% or minimum ₹30 per transaction.
- Call & Trade (Dial-N-Trade) — Free.
- MTF Interest — 18% p.a. on the funded portion.
- Pledge Charges — ₹20 per transaction (₹30 for margin funding pledge); invocation and release free. Non-margin pledge: 0.03% of value, minimum ₹100.
- AMC — ₹400 p.a. from Year 2 for non-BSDA accounts (free in Year 1).
Is Mirae Asset Sharekhan Safe?
Mirae Asset Sharekhan (Sharekhan Ltd.) is registered with SEBI under registration number INZ000171337. It holds NSE membership (Member Code 10733), BSE membership (Member Code 748), MCX membership (Member Code 56125), and depository participant services through both NSDL and CDSL (DP ID IN-DP-365-2018).
As a SEBI-registered intermediary, it follows client-fund segregation and Investor Protection Fund mechanisms. The Mirae Asset Group acquisition adds institutional oversight.
Customer Support Review
Mirae Asset Sharekhan offers customer support through dedicated phone lines (022-41523200 / 022-41683500), email (myaccount@sharekhan.com), live chat, and in-branch support across its nationwide centre network. NRI clients have a separate desk.
The wide branch network is a strong differentiator for investors who prefer in-person assistance.
Margin Trading Facility (MTF) Review
Mirae Asset Sharekhan's MTF lets investors buy delivery-based equity by paying only a fraction of the trade value upfront (typically minimum margin of around 25%, varying by scrip). The funded balance accrues interest at 18% p.a.
MTF can be activated instantly online through the website, app, or TradeTiger. It works best for short-to-medium-term views due to the interest cost.
Pros and Cons of Mirae Asset Sharekhan
Pros
- ✓ Long operating history (since 2000) with strong brand recognition in Indian broking.
- ✓ Backed by Mirae Asset Financial Group, a large global asset management entity.
- ✓ Zero account opening charges and DP AMC waived for the first year.
- ✓ Free in-house research across equity, commodity, currency and mutual funds.
- ✓ One of the largest branch/franchise networks among Indian brokers (4,000+ centres).
- ✓ TradeTiger desktop terminal favoured by active and derivatives traders.
- ✓ Built-in MTF with instant online activation and no extra DP/POA requirement.
- ✓ Free Dial-N-Trade call-and-trade service.
- ✓ Dedicated NRI desk with physical offices in Dubai and Oman.
- ✓ Multiple platforms catering to different trader profiles — InvesTiger, website, app, TradeTiger, Trading API.
- ✓ Wide product basket: PMS, mutual funds, IPOs, bonds, fixed deposits, life insurance under one account.
Cons
- ✗ Equity delivery brokerage (0.30%) is significantly higher than flat-fee discount brokers.
- ✗ Equity options brokerage (₹39/lot) is above the ₹20-or-lower flat pricing common at discount brokers.
- ✗ Demat AMC of ₹400 p.a. applies from the second year for non-BSDA accounts.
- ✗ MTF and other debit balances accrue a relatively high 18% p.a. interest rate.
- ✗ NRI brokerage tariff is not transparently published on the main retail pricing page.
- ✗ TradingView integration is not confirmed/disclosed by the broker.
- ✗ Customer service responsiveness is occasionally flagged in independent user reviews.
- ✗ Several order-type features (GTT, OCO, bracket/cover orders, iceberg orders) are not clearly disclosed on official pages.
- ✗ Off-market/non-Sharekhan-route sell transactions attract additional DP charges.
- ✗ Pledge and corporate-action charges require checking the detailed tariff PDF rather than being visible on the headline pricing page.
- ✗ Higher overall cost structure makes it less suited to extremely high-frequency, cost-sensitive intraday traders.
Mirae Asset Sharekhan Ratings Breakdown
Higher than discount brokers, but fair and in line with full-service peers.
Strong ecosystem with TradeTiger, InvesTiger, mobile app, and Trading API.
Excellent multi-segment native research coverage provided free of charge.
Vast presence with 4,000+ branches alongside overseas NRI centers.
Fully registered with SEBI/NSE/BSE/MCX; NSDL and CDSL DP participant.
Wide localized branch support reach, with mixed digital responsiveness.
Competitor Comparison
Mirae Asset Sharekhan vs Zerodha
| Parameter | Mirae Asset Sharekhan | Zerodha |
|---|---|---|
| Account Opening | Free | Free |
| Equity Delivery Brokerage | 0.30% or min 1 paisa/share | Free (₹0) |
| Equity Intraday Brokerage | 0.02% or min 1 paisa/share (each side) | Flat ₹20 or 0.03%, whichever lower (each side) |
| Research/Advisory | Free in-house research across segments | Not Disclosed by Broker (Zerodha does not provide advisory) |
| Broker Type | Full-service | Discount broker |
Mirae Asset Sharekhan vs Angel One
| Parameter | Mirae Asset Sharekhan | Angel One |
|---|---|---|
| Account Opening | Free | Free |
| Equity Delivery Brokerage | 0.30% or min 1 paisa/share | Flat ₹20 or 0.1%, whichever lower (each side) |
| Platform | Website, TradeTiger, App, InvesTiger, API | Angel One App, ARQ, Web |
| Research/Advisory | Free in-house research | Free AI-backed research & advisory (ARQ) |
| Broker Type | Full-service | Discount/Tech-led broker |
Mirae Asset Sharekhan vs Groww
| Parameter | Mirae Asset Sharekhan | Groww |
|---|---|---|
| Account Opening | Free | Free |
| Equity Delivery Brokerage | 0.30% or min 1 paisa/share | Flat ₹20 or 0.1%, whichever lower (each side) |
| Branch Network | 4,000+ centres | Primarily digital/app-first, limited physical presence |
| Research/Advisory | Free in-house research | Does not provide advisory |
| Broker Type | Full-service | Discount broker |
Mirae Asset Sharekhan vs ICICI Direct
| Parameter | Mirae Asset Sharekhan | ICICI Direct |
|---|---|---|
| Demat AMC | ₹400 p.a. (free Year 1) | ₹700 p.a. (₹300 with iValue plan) |
| Equity Delivery Brokerage | 0.30% or min 1 paisa/share | 0.29% (Standard MoneySaver plan) |
| 3-in-1 Account | Yes (Axis/IndusInd/HDFC/IDBI Bank) | Yes (ICICI Bank) |
| Broker Type | Full-service | Full-service (bank-backed) |
Mirae Asset Sharekhan vs Motilal Oswal
| Parameter | Mirae Asset Sharekhan | Motilal Oswal |
|---|---|---|
| Demat AMC | ₹400 p.a. (free Year 1) | ₹300 p.a. from Year 2 (free Year 1) |
| Equity Delivery Brokerage | 0.30% or min 1 paisa/share | 0.20% to 0.50% (plan-dependent) |
| Research/Advisory | Free in-house research | Strong in-house research (full-service peer) |
| Broker Type | Full-service | Full-service |
Who Should Use Mirae Asset Sharekhan?
- First-time and beginner investors who want structured learning and a Relationship Manager for hand-holding.
- Investors who value free, ongoing research and advisory across equity, mutual funds, commodity and currency.
- Traders who prefer a desktop-grade terminal (TradeTiger) with rich market-watch and hotkey functionality.
- NRIs seeking a broker with physical presence and dedicated desk in the Gulf region.
- Investors who want one account for equities, mutual funds, IPOs, bonds, fixed deposits, insurance and PMS.
- Customers who prefer the comfort of a large nationwide branch network.
Who Should Avoid Mirae Asset Sharekhan?
- High-frequency intraday traders who are highly cost-sensitive and prioritise the lowest possible flat brokerage.
- Investors who exclusively want a no-frills, app-only discount-broking experience with no advisory.
- F&O traders trading large lot sizes who would save materially with a flat per-order discount-broker tariff.
- Investors who specifically require native TradingView-integrated charting.
- NRIs who want full upfront clarity on brokerage before opening an account.
Expert Verdict on Mirae Asset Sharekhan
Mirae Asset Sharekhan occupies a clear position in the Indian broking landscape: it is not trying to be the cheapest broker, but rather the most complete one for investors who want guidance alongside execution. Two decades of legacy as Sharekhan, combined with the institutional backing of Mirae Asset Financial Group since the November 2024 acquisition, give the broker a credibility and scale that few full-service competitors can match — a 4,000+ centre network, dedicated NRI offices in Dubai and Oman, and a multi-platform technology stack spanning TradeTiger, InvesTiger, a web terminal, a mobile app, and a public Trading API. From a pure cost perspective, the broker's 0.30% delivery and 39-per-lot options brokerage₹ are undeniably higher than what discount brokers like Zerodha or Groww charge, and this gap matters a great deal to high-volume, cost-driven traders. However, that higher cost comes bundled with free multi-segment research, RM-backed advisory, investor education, and one of the widest service networks in the industry — value that a purely DIY trader may never use, but that a research-dependent or guidance-seeking investor will find genuinely useful. On safety, the broker checks every regulatory box that matters: SEBI registration, NSE/BSE/MCX membership, and dual depository (NSDL + CDSL) participation, supplemented now by the scale and oversight that comes with being part of a global asset management group. Where the broker falls short of full transparency is in a few specific areas — NRI brokerage isn't published on the main pricing page, several advanced order types (GTT, OCO, bracket/cover orders) aren't clearly disclosed, and TradingView integration is unconfirmed — and prospective clients in those categories should get written confirmation from the broker before opening an account. Overall, Mirae Asset Sharekhan is best suited to investors who want a single, well-regulated, research-backed full-service relationship covering equities, mutual funds, IPOs, insurance and wealth products — and who are comfortable paying a brokerage premium for that breadth of service. Pure discount-broking customers chasing the absolute lowest per-trade cost will likely find better headline pricing elsewhere, even though they would be giving up the research, advisory and branch-network depth that this broker offers.
