Step-by-Step Guide: How to Activate Option Trading in Sharekhan?

Activate Option Trading in Sharekhan: The Complete Guide

Sharekhan is a popular online brokerage firm that provides a wide range of trading and investment services. One of the key features offered by Sharekhan is option trading, which allows investors to take advantage of market volatility and potentially earn higher returns. However, before you can start trading options on Sharekhan, you need to activate this feature on your account.

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To activate option trading in Sharekhan, follow these simple steps:

Step 1: Log in to your Sharekhan account using your username and password.

Step 2: Once logged in, click on the “Settings” tab located at the top-right corner of the screen.

Step 3: From the dropdown menu, select “Account Settings.”

Step 4: Under the “Derivatives” section, click on the “Activate Option Trading” button.

Step 5: You will be prompted to read and accept the terms and conditions associated with option trading. Make sure to carefully read through the terms and conditions before proceeding.

Step 6: After accepting the terms and conditions, your option trading feature will be activated. You will receive a confirmation message on your screen.

Once you have activated option trading in Sharekhan, you can start exploring the various options strategies and place trades accordingly. Keep in mind that option trading involves risks, and it is advisable to have a good understanding of options before diving into the market. Sharekhan also provides educational resources and support to help you make informed investment decisions in the options market.

By following the step-by-step guide mentioned above, you can easily activate option trading in Sharekhan and begin your journey as an options trader. Happy trading!

Step 1: Open Sharekhan Account

To start trading options on Sharekhan, you first need to open a Sharekhan account. Follow the steps below to open an account:

Visit the Sharekhan website.
Click on the “Open an Account” button.
Fill in the required personal and contact information in the provided form.
Provide your PAN card, Aadhaar card, and other necessary documents as per the KYC guidelines.
Submit the form along with the required documents.
After verification and approval, you will receive your account details and login credentials.

Once you have successfully opened a Sharekhan account, you can proceed to the next step of activating option trading on your account.

Step 2: Complete KYC Process

Before you can activate option trading in Sharekhan, you need to complete the KYC process. KYC stands for Know Your Customer, and it is a mandatory process for all investors. This process ensures that the company has verified your identity and has the necessary information to authenticate your trading activities.

To complete the KYC process, you will need to provide certain documents and information. Here is a step-by-step guide to help you complete the KYC process:

Visit the Sharekhan website and go to the KYC registration page.
Fill out the KYC registration form with accurate and up-to-date information. Make sure to provide your full name, address, contact details, and other required details.
Upload the necessary KYC documents. These documents typically include your PAN card, Aadhaar card, bank statement, and a recent passport-sized photograph.

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4. Review all the information and documents you have provided. Make sure everything is accurate and complete. 5. Submit your KYC registration form and documents online. 6. Wait for the verification process to be completed. This may take a few days, depending on the volume of applications received by Sharekhan.

7. Once your KYC registration is approved, you will receive a confirmation email or message from Sharekhan.

By completing the KYC process, you will have fulfilled the necessary requirements to activate option trading in Sharekhan. It is important to note that without completing the KYC process, you will not be able to start trading options on the platform.

Step 3: Fund Your Sharekhan Account

After completing the account activation process, the next step is to fund your Sharekhan account. Without funding, you won’t be able to start trading options. Here’s how you can fund your Sharekhan account:

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Log in to your Sharekhan account using your credentials.
Navigate to the “Fund Transfer” section, typically located in the main menu.
Choose the method of transfer that suits you best. Sharekhan offers various options for funding your account, including online bank transfers, physical cheques, and demand drafts.

4. Follow the instructions provided to complete the fund transfer. Depending on the chosen method, you may need to provide additional details such as bank account information or cheque details. 5. Once the fund transfer is completed, your Sharekhan account will be credited with the deposited amount. 6. Verify the credited amount in your Sharekhan account to ensure that the transfer was successful. 7. You are now ready to start trading options on the Sharekhan platform. Make sure to have a clear understanding of option trading rules, strategies, and risks before you begin.

Note: The time taken for the fund transfer to reflect in your Sharekhan account may vary depending on the chosen method of transfer. It is advisable to contact Sharekhan customer support if you encounter any issues or delays.

By following these steps, you can easily fund your Sharekhan account and begin trading options. Remember to manage your funds responsibly and make informed trading decisions.

FAQ:

What is Sharekhan?

Sharekhan is a leading online trading platform in India that allows individuals to trade in stocks, commodities, and other financial instruments.

How can I activate option trading in Sharekhan?

To activate option trading in Sharekhan, you need to first open an account with Sharekhan and complete the necessary documentation. Once your account is approved, you can easily activate option trading by following the step-by-step guide provided by Sharekhan.

What are the benefits of option trading in Sharekhan?

Option trading in Sharekhan offers several benefits, such as the ability to profit from both rising and falling markets, the leverage to control large quantities of underlying assets with a smaller investment, and the opportunity to hedge existing positions. Option trading also allows for flexibility in executing different strategies and managing risk.

Is option trading in Sharekhan suitable for beginners?

Option trading in Sharekhan can be complex and involves a certain level of risk. It is typically recommended for individuals who have a good understanding of the stock market and are familiar with trading basics. However, Sharekhan provides educational resources and support to help beginners learn about option trading and make informed decisions.

Are there any fees or charges for option trading in Sharekhan?

Yes, there are fees and charges associated with option trading in Sharekhan. These include brokerage fees, transaction charges, exchange charges, and other applicable taxes. The exact fees and charges may vary depending on the trading volume and type of options traded. It is advisable to review the fee structure and understand the costs before engaging in option trading.

What is Sharekhan?

Sharekhan is a popular online trading platform in India that allows investors to trade in various financial instruments such as stocks, derivatives, commodities, and currencies.