Sharekhan Complaints

Other Stock Broker Complaints

Sharekhan Complaints are recorded at different indices and a trader can place a complaint against its broker at the specific regulatory body, that too online.
In this detailed review, we will have a quick look at some of the numbers around the Sharekhan complaints and how the broker has been doing while working on the concerns raised.
Sharekhan is a full-service stockbroker in India and is known for its research, trading platforms, high brand recall and wide offline presence. There are a couple of concerns with Sharekhan that you should know as well. These concerns are around its brokerage charges and customer service. You can check this Sharekhan Brokerage Calculator for reference. Also, here is a detailed review of Sharekhan Customer Care.
As per the latest records from the National Stock Exchange, Sharekhan has an active client base of 5,40,487 – putting in among the top 5 stockbrokers in India in terms of the active client base.

Sharekhan Complaints Information

Here is a quick snap-shot of the complaints raised by its client base over the last few years along with the number of complaints resolved by the broker in each financial year.
As shown above, this is the break up of the complaints received by the broker and resolved at the same time.
  • For the year 2015, Sharekhan complaints were 159 and it was able to resolve 100% of the complaints.
  • For the year 2016, Sharekhan complaints were 104 and it was able to resolve 100% of the complaints.
  • For the year 2017, Sharekhan complaints were 154 and it was able to resolve 100% of the complaints.
  • For the year 2018, Sharekhan complaints were 91 and it was able to resolve 100% of the complaints.
  • For the year 2019, Sharekhan complaints have been 34 and it has resolved 76.5% of the complaints while the rest 23.5% remain unresolved.

Thus, in simpler words, Sharekhan has been doing relatively well in making sure that the complaints opened up by its clients reach a conclusion and are closed in quick time.

Sharekhan Complaints Vs Industry

When it comes to comparing Sharekhan with the Industry Average in terms of the number of complaints per 10,000 clients, then this is how the broker stands against the industry average:
In other words, Sharekhan gets half the number of complaints as far as Industry standards are concerned with Sharekhan getting complaints from 0.01% of its active client base while the Industry average is 0.02%. Thus, from the standpoint of getting complaints in the first place, Sharekhan has been doing a reasonable job in the last few years.
If you have had any good or bad experiences with the broker, feel free to share in the comments section below and help your fellow traders to make a decision to go ahead with Sharekhan as a stockbroker or not.
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