About Espresso and Sharekhan
Leading brokerage Sharekhan has ventured into the discount brokerage business by launching a new platform called 'Espresso' through a separate company.
Espresso will charge Rs 20 per order only when clients make a profit through intraday trades across segments such as equity, F&O, commodity, and currency while there will be no brokerage for the delivery-based transactions.
Short about Sharekhan:
Sharekhan was founded in 2000 and has been a subsidiary of BNP Paribas since November 2016. Apart from being one of the first brokers to offer online trading in India, Sharekhan today has 20 lakh customers, 153 branches, and more than 2,400 business partners spread across over 541 locations throughout the country, making it one of the largest brokers in India.
Sharekhan offers a wide range of savings and investment solutions, including Equities, Futures & Options, Currency trading, Portfolio Management Services, Research, and Mutual Funds, and investor education. On average, Sharekhan executes more than 400,000 trades daily.
|ESPRESSO CHARGES||EQUITY DELIVERY||EQUITY INTRADAY|
Zero brokerage for cash-and-carry orders
|0.01% or Rs 20 for every executed order (whichever is lower)|
|0.1% or Rs 20 for every margin order (whichever is lower)||Zero brokerage on square-off orders in case of loss|
|Securities Transaction Tax||0.1% on buy and sell sides||0.025% on the sell side on the avg. rate of buy and sell|
|Exchange Transaction Charges*||
|BSE: 0.00275%||BSE: 0.00275%|
|GST||18% on (brokerage + transaction charges)||18% on (brokerage + transaction charges)|
|SEBI Turnover Charges||Rs 10/crore (Rs 5/crore till 31/03/21)||Rs 10/crore (Rs 5/crore till 31/03/21)|
Espresso is also offering various inaugural offers on account opening.
- ZERO account-opening charges with Espresso.
- ZERO Delivery brokerage.
- Pay Only When You Profit for Intraday trades across all segments (Equity, F&O, Commodity, and Currency).
- One year of MoneyFLIX** subscription FREE (worth Rs 1,999). 100+ videos that help traders and investors get better at stock trading and investing.
- More than 30% off on the exclusive Trade Booster Program. A 7-day fully online course that’s suitable for beginners as well as advanced trading professionals