Is It Safe to Open a Demat Account with Sharekhan?
Yes, it is safe to open a demat account with Sharekhan, a well-established full-service broker that has been operating since the year 2000. Sharekhan is known for its comprehensive services, robust online and offline presence, and rigorous compliance with regulatory standards.
About Sharekhan
Sharekhan is one of the leading brokers in India, ranking 3rd in terms of market share. The company is committed to providing top-notch services to its users. Sharekhan operates with a vast network of franchises and sub-brokers, making it easy for customers to find a convenient location nearby.
Comprehensive Services and Support
One of the key advantages of trading with Sharekhan is the availability of in-house research and market insights. This ensures that investors can make informed decisions. Sharekhan also sends daily SMS alerts to keep its users updated on market happenings, helping them stay informed and involved.
For those looking for guidance, Sharekhan offers expert support. Their team provides stock suggestions based on both fundamental and technical analysis, catering to both short-term and long-term investors. Additionally, Sharekhan provides educational resources through their Sharekhan Classroom, helping new investors understand the financial markets better.
Contact and Support
Sharekhan offers multiple ways to contact their customer support team. Users can reach out through toll-free numbers, email, or online chat. They also maintain active social media presence, where users can ask questions and get timely responses, including during Ask Me Anything (AMA) sessions.
Trading Options and Convenience
Sharekhan offers a variety of trading options, including mutual funds, stock trading, ELSS (Equity Linked Savings Scheme), and intraday trading. They provide multiple trading platforms for convenience, such as Trade Tiger (a desktop-based online platform), InstaMf for mutual funds, and the Sharekhan app for mobile trading.
NRI Trading Compliance
In addition to domestic services, Sharekhan also caters to Non-Resident Indians (NRIs). NRIs can trade seamlessly through Sharekhan with ease and security, thanks to its robust compliance mechanisms and user-friendly interfaces.
Regulatory Compliance and Trustworthiness
Sharekhan is a SEBI (Securities and Exchange Board of India) registered distributor and compliant with other regulatory bodies like NSE, BSE, RBI, NSDL, and CDSL. This ensures that funds and stocks are securely managed and protected. Sharekhan's compliance with these regulations adds a layer of trust and security for their clients.
According to data published by NSE, Sharekhan boasts a high number of active clients, making it one of the top brokers in India. This reflects the satisfaction and trust that clients have in Sharekhan's services and facilities. These factors contribute to the safety and reliability of opening a demat account with Sharekhan.
Conclusion
In conclusion, Sharekhan offers a safe and reliable platform for opening a demat account. With its robust services, extensive network, and strong compliance, Sharekhan stands out as a trusted broker in India. Happy trading!