Sharekhan DP Charges

Sharekhan is a full-service broker and has been in the market for a long time now. This was the reason why Kabir opened a Demat account with Sharekhan. But after his first trading session, he was shocked to see that he was charged something extra and he got confused because he was not aware of Sharekhan DP charges. 

What are DP charges?

DP charges are charged by the depositories, CDSL or NSDL on the sell side of the transaction. 

These are usually the hidden charges. You ask why? Because most of the time, these charges are not mentioned in the contract notes. This further makes it very difficult for some stock market enthusiasts to figure out the exact cost that they will be charged by their stockbroker. 

It, therefore, becomes very important to have a knowledge of the DP Charges, so now let us have a look at the Sharekhan DP charges. 

Sharekhan DP Account Charges

Before you open a Sharekhan Demat account, it is very important to consider all the important Sharekhan charges, and one of those charges is the Sharekhan DP charges. Let us have a quick look at what is DP charges in Sharekhan. 

 

These are the flat transaction fee which is charged on the debit of shares from your Demat account.

Let us move ahead and see how the DP charges are actually calculated in Sharekhan. 

Let us understand the calculation of the DP charges of Sharekhan with the help of an example. 

Kabir bought 100 shares of ABC company at a price of ₹100 each. Now, he decides to sell the shares, all in one day. Let us take two scenarios in this. 

Scenario 1- He sold all the 100 shares in one go on the same day.
He will be charged ₹20.5+GST apart from the Sharekhan delivery charges. 

Scenario 2- He sold the shares on the same day, but in fragments.
Let’s say that he sold 70 shares in the first half, and 30 shares in the second half. In this case, as well, he will be charged ₹20.5+GST, because DP charges are levied per scrip/per day. 

Scenario 3- Now let us assume that Kabir decides to sell the shares on 2 different days.
40 shares on the first day, and 60 shares on the second day. In this case, he will be charged twice, that is on both days. 

So, ₹20.5 (0n the first day)+ ₹20.5 (on the second day)

So, in this way, the DP charges are levied per scrip irrespective of the value of trade and the number of shares debited from your Demat account. 

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Conclusion 

Thus, we can see that the DP charges are charged per scrip. So if you want to do delivery trade with Sharekhan, then along with the Delivery trading charges it becomes important to look for the Depository Participant charges of the broker.

When you start your trading journey, it is important that you are aware not just of the brokerage charges, but also the hidden DP charges so that you don’t get confused when you see it reflecting in your balance but not on your contract notes. 

We hope that now you are clear about the Sharekhan DP charges, and will have a sorted calculation! Open a Demat account today and start trading. 

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If you are willing to start trading with the renowned stockbroker, then get started now by opening a Demat account for FREE!

 

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