C M Goenka Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 16, 2022CMG, a financial hub providing all sorts of Financial Services. Wait! you already know it, Then telling you the unknown.This discourse reveals all the details of C M Goenka Charges and C M Goenka Demat Charges.
When clients look for any services in stocks, there are some particular charges levied on buying and selling of any service. Take a look what stats says.
C M Goenka Brokerage Charges
Let’s initiate the discussion on CMG Brokerage Charges. Ahead is the chart of charges on Currency Derivatives and Equity Trading.
Under Equity Trading, a client can invest in mix baggage of numerous Shares, ETF’s, Warrants, Bonds as well as even in Gold Bees and a best hedge tool for Importers and Exporters of our country is positioning in Currency Derivatives
| Brokerage Charges | |
| Equity Delivery | 0.30% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs.30 per Lot |
| Currency Futures | 0.03% |
| Currency Options | Rs.10 per Lot |
| Commodity | NA |
| Flat Monthly Fees, if any | NA |
| Brokerage Calculator | C M Goenka Brokerage Calculator |
Let’s initiate the discussion on CMG Brokerage Charges. Ahead is the chart of charges on Currency Derivatives and Equity Trading.
Under Equity Trading, a client can invest in mix baggage of numerous Shares, ETF’s, Warrants, Bonds as well as even in Gold Bees and a best hedge tool for Importers and Exporters of our country is positioning in Currency Derivatives
Consumers through C M Goenka Brokerage Calculator, can discern exact numbers of charges imposed on the capital invested. Commodities offered by firm are free.
Additionally, there is no monthly fee abducted by firm, respectively.
Moving on to Equities, brokerage charges on Equity Intraday and Equity Futures is same, i.e. 0.03 percent of the total capital.
If investor look for Equity Deliver, the charges imposed are .30 percent, which is very low as compared to others in market. In addition to that, Rs 30 per lot are the brokerage charges on Equity Options.
Coming on to next set of services, Currency Futures brokerage charges levied on capital are 0.03 percent, and for Currency option it is Rs 10 per lot. As discussed, these charges are found to be very competitive in industry.
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C M Goenka Account Opening Charges
Data below illustrates CMG Account Opening Charges for Trade and Demat.
| Account Opening Charges | |
| Trading Charges [One Time] | Free |
| Trading AMC [Yearly] | Free |
| Demat Charges [One Time] | Rs.250 |
| Demat AMC [Yearly] | Rs.399 per Annum |
| Margin Money | Minimum Rs.15,000 |
Opening a Trading account requires NIL capital where as to open a Demat account in corporation, clients are charges Rs 250. Moving on to account maintenance charges, account maintenance charges for trading is 0 and AMC for Demat is Rs 399 per year.
Clientele willing for Margin Money needs to pay Rs 15000 minimum. The amount can be increased as per the need of consumer.
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C M Goenka Transaction Charges
Discussing below CMG Transaction Charges for the year 2019.
| Transaction Charges | |
| Equity Delivery | 0.00325% |
| Equity Intraday | 0.00325% |
| Equity Futures | Rs. 300 |
| Equity Options | 0.06% |
| Currency Futures | NA |
| Currency Options | NA |
| Commodity | 0.003% |
Providing a low risk on Equities and Currency derivatives, Corporation is enabling financiers to meet their financial goals.
Traders choosing above services needs to understand this section in depth. Transaction charges involved in Equity Delivery and Intraday are .00325 percent. In addition to that, charges imposed on Equity Futures are Rs 300 per settlement.
For those who buy or sell Equity Options are charged .06 percent per transaction.
Currency derivatives does not include any charges. On commodities charges levied are .003 %.
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C M Goenka Other Charges
Bringing into notice CMG Charges. These are some fixed taxation that clients pay in trading.
| Other Charges | |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| STT | 0.0126% of Total Turnover |
| Stamp Duty | 0.002% – 0.004% – Depends on State |
| GST | 18% of (Brokerage + Transaction Charges) |
| Margin Funding Charges | 18% + GST |
| Reactivation Charges | Rs.55 per Segment |
| Account Closure Charges | Rs.50 per Segment |
| Dematerialization Charges | Rs.44 |
Stats above revels that Clients need to pay SEBI Turnover Charges, which are .0002 percent of total turnover, also charges on STT are .0126 %. In the case of stamp duty charges vary from state to state, it ranges from .002 % to .004 percent.
Scrutinizing account closures, corporation imposes Rs 55 per segment to close an account. For reactivation, charges are reduced to Rs 50 per segment.
Dematerialization is changing any security in an electronic firm. If trader wishes to dematerialize the securities, Rs 44 are the charges. Moreover, GST on services is 18 %, which is collectively brokerage plus transaction charges.
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