Mirae Asset Sharekhan Review

Mirae Asset Sharekhan Review

Mirae Asset Sharekhan is a prominent full-service stockbroking firm in India, with a history spanning over two decades. Recently acquired by Mirae Asset Financial Group, it combines its established presence and experience with Mirae Asset's financial expertise. As a full-service broker, it aims to cater to a wide range of clients, from beginners to experienced market participants, offering a blend of online and offline services.

It provides access to various market segments, including equity, derivatives (futures and options), commodities, and currencies. They emphasise research-backed solutions, educational resources, and a wide network of branches and partners across India, differentiating themselves from purely online discount brokers.

If you are an investor, Mirae Asset Sharekhan provides you

• Equity Trading: Facilitates buying and selling of stocks for delivery, suitable for long-term holdings.
• Mutual Fund Investments: A wide selection of mutual funds with tools and research to help in selection (SIP calculators, fund comparison, curated lists).
• SIP Facility: Easy setup and management of Systematic Investment Plans in stocks and mutual funds.
• Research Reports: Fundamental research reports and investment ideas based on their proprietary 3R Research Philosophy to aid stock selection for long-term portfolios.
• InvesTiger App: A dedicated app focused on long-term wealth creation through curated stock baskets based on different themes.
• Portfolio Management Services (PMS): Professionally managed portfolios for significant investors.
• Educational Resources: Seminars, workshops, and online content tailored to help beginners and investors understand market fundamentals and investment strategies.
• Physical Presence & Relationship Managers: Access to a wide branch network and dedicated relationship managers for personalised assistance and guidance, which can be particularly helpful for investors who prefer human interaction over purely digital platforms.
• IPO Investments: Opportunity to participate in public offerings to potentially gain from listing gains or long-term growth.

If you are a trader, Mirae Asset Sharekhan provides you

• Multi-Segment Trading: Access to Equity Intraday, Futures & Options (Equity, Commodity, Currency) trading.
• Advanced Trading Platforms: Platforms like TradeTiger and the Mirae Asset Sharekhan app equipped with advanced charting tools, technical indicators (though some user reviews mention issues with the latest app version's charting), real-time market data, and order placement features.
• Derivatives Trading Tools: Specific tools and features for F&O trading, including advanced option chains, EZYOptions, and multi-square-off facilities.
• Leverage Products: Margin funding and other financing solutions for trading.
• Research for Trading: Technical research reports, trading calls, and strategies across different segments (Equity, F&O, Commodity, Currency) with defined targets and stop-losses.
• Pattern Finder Tool: A tool to identify profitable stock patterns.
• Educational Resources: Specific modules and content focused on technical analysis, trading strategies, and risk management relevant to active trading.

Trading Tools

Mirae Asset Sharekhan offers a comprehensive suite of trading tools and platforms designed to cater to the needs of various types of traders and investors. These tools are accessible through different interfaces, including desktop, web, and mobile. Here's a breakdown of the key trading tools provided:   

TradeTiger

TradeTiger is the flagship downloadable desktop trading platform offered by Mirae Asset Sharekhan. Designed with active traders in mind, it provides a robust and feature-rich environment for trading across various segments of the Indian stock market. Launched in 2007, TradeTiger has evolved over the years, incorporating user feedback and technological advancements to provide a comprehensive trading experience. It aims to bring the power of a broker's terminal directly to the user's desktop, enabling faster execution and in-depth analysis.

Key Features of TradeTiger:

TradeTiger is packed with features that empower traders to make informed decisions and execute trades efficiently. Some of its key features include:

• Advanced Charting and Analysis:
  • Offers a wide variety of chart types and customisable timeframes for detailed technical analysis.  
  • Provides access to a vast library of technical indicators and drawing tools to help identify trends and patterns.  
  • Allows trading directly from charts, enabling quick execution based on technical signals.
  • Supports viewing multiple charts in a single window for a comprehensive market overview.
  • Features like Chartbooks allow users to save and revisit their preferred chart layouts.
• Market Scanners:
  • Stock Scanner: A powerful tool to scan the market based on various technical parameters and indicators to find trading opportunities.  
  • One Click Filter & Dynamic One Click Filter: Quickly identify stocks reaching new highs or lows, or significant market movers.
  • Heatmap: A visual tool that provides an instant overview of market performance across different sectors and stocks using a colour-coded system.  
• Advanced Order Types:
  • Bracket Orders (BO): Allows placing an entry order along with a target profit order and a stop-loss order simultaneously.  
  • Trailing Stop Loss: Enables the stop-loss price to automatically adjust as the market price moves favorably, helping to protect profits.  
  • Bulk Orders: Facilitates placing multiple orders simultaneously, saving time and effort.
  • Predefined Order Quantity: Allows setting order quantities based on absolute numbers, trade value, or Current Market Price (CMP).
  • Big Trade & Big Trade Plus: High-leverage intraday products with specific order functionalities.
• Multiple Exchange and Segment Access:
  • Provides a unified platform to trade across NSE, BSE, MCX, and NCDEX.  
  • Allows trading in Equity Cash, Equity Derivatives (F&O), Currency Derivatives, Commodities, Mutual Funds, and IPOs.  
• Research and News Integration:
  • Provides integrated access to Sharekhan's research reports, trading calls (fundamental and technical), and market news directly within the platform.  
  • Helps traders stay updated on market developments and expert views.
• Customisation Options:
  • Highly customisable interface allowing users to personalise layouts, themes, and language preferences.  
  • Supports the use of shortcut keys for faster navigation and order placement.  
• Real-time Data Feeds: Ensures fast and reliable streaming of market data to provide accurate and timely information for trading decisions.
• API Integration: Offers trading API access, allowing advanced traders to integrate TradeTiger with third-party software like Amibroker for algorithmic trading and backtesting strategies.  
• Trade from MS Excel: Provides the functionality to export real-time market data to Excel and place orders directly from the spreadsheet.  
• Dedicated Support and Training: Sharekhan provides online training and a dedicated support desk to assist users with using the TradeTiger platform effectively.

TradeTiger is a comprehensive trading terminal that caters to the demands of active traders by providing a powerful combination of charting tools, market scanners, advanced order types, and integrated research, all within a customisable and fast execution environment.

Sharekhan App

The Sharekhan App, offered by Mirae Asset Sharekhan, is a mobile trading and investment application designed to provide users with a seamless and efficient way to participate in the financial markets on the go. Available for both Android and iOS devices, the app serves as an all-in-one platform for a wide range of investment and trading activities. It caters to the needs of both beginners exploring the market for the first time and experienced traders seeking advanced tools and features.

Key Features of the Sharekhan App:

The Sharekhan App is equipped with a diverse set of features to facilitate various trading and investment needs:   

• Multi-Segment Trading: The app allows you to trade across major market segments, including Equity (Cash), Equity Derivatives (Futures & Options), Currency Derivatives, and Commodities (MCX). 
• Diverse Investment Options: Beyond trading, you can invest in a variety of instruments such as Mutual Funds (both lump sum and SIPs), Initial Public Offerings (IPOs), Exchange Traded Funds (ETFs), and Bonds.  
• Real-Time Market Data: Stay updated with live streaming market data, including prices, volumes, and key metrics for stocks and indices across exchanges (NSE, BSE, MCX, NCDEX).  
• Advanced Charting: Access advanced charting capabilities with multiple chart types and timeframes. Apply a range of technical indicators and drawing tools to perform technical analysis directly on your mobile device.  
• Variety of Order Types: The app supports various order types to implement different trading strategies and manage risk effectively. These include Market Orders, Limit Orders, Stop-loss Trigger Orders, Trailing Stop Orders, and Bracket Orders. After Market Orders (AMO) are also available for placing trades outside regular market hours.  
• Customisable Watchlists: Create and manage personalised watchlists to monitor the performance of your preferred stocks and instruments in real-time.  
• Research and Recommendations: Access research reports, trading calls, and investment recommendations from Sharekhan's research team. The app also integrates tools like Pattern Finder to help identify potential trading opportunities.  
• Portfolio Management: Track and manage your investment portfolio across different asset classes in one consolidated view. Access reports like the Capital Gain Report and the Dividend Reports.  
• Alerts and Notifications: Set customised alerts based on price movements or specific events to receive instant notifications via the app, SMS, or email, ensuring you don't miss crucial market movements.  
• Fund Transfer: Easily transfer funds between your linked bank account and your trading account.  
• Financial Calculators: Utilise built-in calculators such as the SIP Investment Calculator, Lump sum Calculator, and Financial Goal Calculator to assist with investment planning.  
• Educational Resources: Get access to educational content, including videos and resources from Sharekhan Education and Sharekhan Classroom, to enhance your market knowledge and trading skills.  
• Intelligent Search: The app features an intelligent search function that allows for quick and efficient searching of scrips, derivatives, mutual funds, and other relevant information. 

InvesTiger App

The InvesTiger app by Mirae Asset Sharekhan is a specialised mobile application designed to simplify the investment journey for users by offering thoughtfully curated stock baskets. It is built upon Sharekhan's extensive research expertise, particularly their decades-old, proven 3R Research philosophy, to provide investors with ready-made portfolios. The app aims to make investing hassle-free, especially for those who prefer a guided approach rather than actively trading individual stocks.   

InvesTiger focuses on providing a selection of professionally managed stock baskets that are actively monitored by Sharekhan's research experts.

Key Features of the InvesTiger App:

The InvesTiger app offers several features centred around its curated stock basket investment approach:

• Curated Stock Baskets: The core offering of InvesTiger is a selection of diversified stock baskets. These baskets are created based on specific investment strategies, themes, or ideas. They are broadly categorised into:
  • Premier Baskets: These are designed for long-term wealth creation by investing in high-quality structural growth stocks with the aim of consistent compounding returns.
  • Thematic Baskets: These are intended for the medium term, focusing on capitalising on immediate opportunities, macro trends, or specific sector developments.
• Research-Backed Selection: The stocks included in the InvesTiger baskets are selected based on Sharekhan's proven 3R Research philosophy and the expertise of their research desk. This provides investors with portfolios that have undergone professional analysis.
• Active Monitoring and Rebalancing: The expert research team at Sharekhan actively monitors the performance of each stock basket. Based on their analysis, they provide timely recommendations for rebalancing the portfolios.  
• Research Alerts and Notifications: Users receive instant alerts and notifications on their app regarding any updates or suggested actions for their invested baskets, allowing them to make timely decisions.  
• Hassle-Free Investing: The app simplifies the investment process, often requiring just a few clicks to invest in a chosen basket once the account is set up.  
• Low Churn Rate: The stock baskets are generally designed as low-churn products with a focus on long-term investment rather than frequent trading. While rebalancing does occur based on market conditions and research, the frequency is typically lower compared to active trading.
• Transparency: The app provides transparency regarding the structure and composition of each stock basket, including their objectives and historical performance, enabling investors to evaluate and understand where their money is being invested.
• Cost-Effective: Investments through InvesTiger baskets typically involve standard brokerage charges and do not include additional fees like management fees or profit sharing, making it a potentially cost-effective option for professionally guided investing.  
• Timely Action Guidance: The research alerts and updates are intended to help investors with timely entry and exit decisions based on expert analysis, aiming to optimise returns and manage risk.
• Detailed Rationale: When updates or rebalancing actions are recommended, the app often provides a detailed rationale behind the suggestions, helping investors understand the reasoning.

Mirae Asset Sharekhan offers a wide array of products and services, supported by research, technology platforms, and a physical presence. While it caters to both investors and traders, its full-service model, research capabilities, and extensive branch network may particularly appeal to those who value guidance, personalised service, and comprehensive offerings beyond just execution.

Charges Details

For Equity

For Commodity

For Currency