Sharekhan Research

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Sharekhan Research quality is considered to be one of the dependable ones. But is it actually true? We will have a look at finding the answer to that question by looking at the different research options provided by Sharekhan to its clients.

Sharekhan Research Review

Sharekhan is one of the prominent full-service stockbrokers in India and has been around in the industry for around 2 decades. And being a full-service stockbroker, Sharekhan provides research, tips and recommendations at different levels.

However, there is a difference in the approach with which the research is provided to the clients.

What Sharekhan has done is, they have segregated the research products based on the client type. Depending on an individual’s trading style and risk appetite, corresponding research products are provided.

Obviously, a client may choose to view reports of other kinds but with this clear segregation, it seems the broker wants to make sure that the trader has minimal confusions and does not get overwhelmed by the scale of tips and research reports.

There is no extra fee attached to these research reports and Sharekhan charges only it’s brokerage charges when you place trades (check this Sharekhan Brokerage Calculator for more information).

Having said that, it may or may not work for the clients, for the simple reason that opportunities in the share market may come in any form. There could be a long-term investment opportunity in a specific stock or some other time, it may have a quick profit opportunity at disposal.

Anyway, let’s have a brief look at these research types and see how they are helpful to the clients of this broker.


Sharekhan Research Types

As mentioned above, Sharekhan has segregated different research reports based on your trading style. This research is provided across Equity, Commodity, Currency, Derivatives and Mutual funds segments.

All these research products offered can be accessed via various channels such as:

You may get Whatsapp notifications as well, however, you would need to talk to your relationship manager to activate that particular channel.

Now, let’s take a quick look at the segregation of the research provided by the broker:


Sharekhan Fundamental Research

If you are an investor, implying if you are someone who is looking for relatively long-term investments with your funds, then Sharekhan offers you the following research products:

  • Infobyte
  • Stocks we cover
  • Model Portfolio
  • Special Reports

Let’s discuss all these Sharekhan research products for investors:

Infobyte

This report is updated on a daily basis where some of the top stocks are covered that are in trend for some reason, positive or negative.

The number of stocks covered in this research product is limited but there are specific reasons mentioned on why a specific stock is in trends.

Stocks We Cover

Out of around 37 sectors covered in the stock market, this Sharekhan research product highlights the specific sectors that are positively recommended, negatively pointed along with the ones where the broker has a neutral standpoint.

The research product also mentions the specific reasons why a particular stance has been taken against or for that specific market sector.

Furthermore, this report provides a viewpoint on the specific stocks that can be invested or avoided across different market segments.

Under this viewpoint, clients are provided with information such as :

  • Company/stock name,
  • Recommendation date,
  • Recommended Price,
  • Target Price
  • 52 Week High/low
  • Absolute Returns expectations (within a time span of 1, 3, 6, 12 months time period)

Model Portfolio

The broker assists its clients in setting up and/or managing their portfolio for long-term investments.

Although this service is generally available for HNIs or High Networth Individuals, we would suggest you check with your local RM (relationship manager) in case you seek to subscribe to this service.

Under the model portfolio research product, as per the broker claims, the complete investment portfolio of a client is segregated among 16 to 18 different companies for a holding period in the range of at least 3 to 4 years.

Once you subscribe to this Sharekhan Research product, different stock types such as Large Cap, Mid-Cap and Small-Cap (rarely) are clubbed together with an appropriate weight of each of these stocks, CMP (current market price), target price along with the holding period of the overall portfolio.

Special Reports

Under these specific reports, Sharekhan publishes research on:

  • Market Outlook
  • Earning Analysis
  • Expert View
  • Value Guide

None of these reports has a fixed frequency and is published on ‘as-is’ basis.

However, someone who is looking for stocks with a long-term horizon should ideally be looking at these objective reports, observe the numbers such companies have brought over the years and then take an appropriate call.


Sharekhan Equity Research

Traders are people who are looking for short-term quick profits on a regular basis. In fact, some of the professional traders sit all day trading and come out with a reasonable profit on a daily basis.

Under Sharekhan research products for traders, this is what you get:

  • Today’s calls
  • Products

In Today’s Calls, as the name suggests, the broker recommends specific calls with the current market price, target price, stop loss and holding period. The holding period of such calls is generally between 1 to 5 days.

Although, we would suggest you perform a quick analysis at your end and see whether there is an opportunity to ripe profits within the same trading session.

Under the ‘Products‘ section of Sharekhan Research for traders, the broker offers momentum swing calls. Momentum calls require lesser margin per trade and the broker looks at calls that can provide a target profit in the range of 4% to 6%.

Having said that, the stop-loss is placed at 2% to 3% with a timeframe of 1 to 5 days. Furthermore, there are other calls such as Smart Chart, momentum cash idea, premium technical view with their own holding periods, target prices and stop-loss benchmarks.


Sharekhan Research Calls

The research calls provided by Sharekhan are made for 4 different types of investment products/users, as listed below:

  • Investors
  • Traders
  • Mutual Fund Investors
  • Commodity Traders

These first research call types (investors/traders) are given with the following data points:

  • Stock Name
  • Date
  • Recommendation (Buy, Sell, Hold, Open View Point, Accumulate)
  • Recommendation Price
  • Target Price
  • Recommendation Reasoning

MF Calls come with the recommendation type and the corresponding NAV (Net asset value).

Furthermore, Commodity research calls come with one extra target price along with an exit price. However, Commodity research of Sharekhan has received mixed reviews from the investors’ community.


Sharekhan Research Reports

There is no specific frequency of the research reports provided by this stockbroker.

Furthermore, fundamental research of Sharekhan is not its top unique selling proposition either. Thus, from quality as well as quantity perspective, there is not a lot to offer.


Sharekhan Research for Mutual Fund Investor

If you do not want to trade or invest in the Indian share market, then you have other options such as real estate, bonds or mutual funds. Sharekhan research provides assistance in the mutual fund segment as well with the following research products:

  • Funds We Like
  • Funds Selector
  • Model Portfolios

As the name ‘Funds We Like‘ is self-explanatory, the broker recommends some of the mutual funds that may work well for investors.

Assuming, these funds have been filtered post detailed research and analysis, we would still advice you to have a thorough check at your end as well since you will be stuck with these funds for a long period.

The funds suggested are of different types including Equity, Growth, ELSS etc. and come with the following data points for reference:

  • MF Scheme Name
  • NAV Date
  • NAV (Net Asset Value)
  • AUM (Assets under management)
  • Returns Percentage (3 months, 6 months, 1 year, 3 years, 5 years etc)

Then, Sharekhan research offers ‘Funds Selector‘, using which you can filter out the specific funds based on your preferences and expectations.

For instance, you can select funds under ‘Aditya Birla Sun Life Mutual Fund’ AMC scheme, and further looks for category-based mutual funds under this scheme.

You can also have a quick view of any of these funds with information such as:

  • Launch Date
  • Net Asset
  • 52 Week high/low
  • Minimum investment
  • Mutual fund performance
  • Asset Allocation

Finally, under the ‘Model Portfolio‘, the broker provides different mutual fund portfolios based on your risk appetite and return expectations. There are 5 different categorizations done:

  • Conservative: No risk willingness, return expectations higher than that of fixed deposits in the long-term.
  • Moderate: Margin risk willingness, return expectations higher than that of fixed deposits in the long-term.
  • Balanced: Average risk willingness, return expectations higher than that of fixed deposits in long-term, fine with low short-term returns.
  • Dynamic: High-risk willingness, high return expectations, fine with low short-term returns.
  • Aggressive: Highest-risk willingness, very high return expectations

Sharekhan Research Advantages

Here are the positives of using Sharekhan Research in your trades:

  • If you know the kind of trader/investor you are, it comes relatively easy to find your space among the research offered without getting confused or overwhelmed by the research provided.
  • The broker is known to provide high-quality research for long-term traders, thus, if you are an investor, Sharekhan research suits you.
  • The broker has recently introduced an automated research service called Sharekhan Neo that provides recommendations without any human intervention, thus, making the research objective in nature.
  • The tips and research reports provided come with the corresponding rationale and are not just thrown at you without any background.
  • These research reports and recommendations can be accessed via multiple communication channels.

Sharekhan Research Disadvantages

At the same time, there are a few concerns you must be aware of:

  • The broker needs to improve the quality it offers in the trading calls in terms of its accuracy.
  • The fundamental research reports can still be relatively more exhaustive in terms of the data points it contains.

With this, we wrap up our review of Sharekhan research. The research suits all kinds of traders and whether this new experiment of segregating research based on the trader type work or not, only time will tell. For now, the overall research services certainly look good and among the top ones in the industry.

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