Competent Finman Charges – Find Brokerage Charges, Account Opening Charges and more
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Know the specifics in this article, unwrapping Competent Finman Charges and Competent Finman Demat Charges.
Competent Finman Brokerage Charges
This section of article emphasizes on Competent Finman Brokerage Charges levied on Equities, Currency Derivatives and Commodities. Competent, an efficient broker offers credible services to clientele.
Brokerage Charges | |
Equity Delivery | 0.35% |
Equity Intraday | 0.04% |
Equity Futures | 0.04% |
Equity Options | Rs.75 per Lot |
Currency Futures | 0.04% |
Currency Options | Rs.50 per Lot |
Commodity | NA |
Flat Monthly Fees, if any | NA |
Brokerage Calculator | Competent Finman Brokerage Calculator |
This section of article emphasizes on Competent Finman Brokerage Charges levied on Equities, Currency Derivatives and Commodities. Competent, an efficient broker offers credible services to clientele.
As we can see, Competent Brokerage Charges levied on Equity Delivery are 0.35 percent for one settlement and on Equity Intraday charges imposed are 0.04 percent.
Moreover, brokerage tax applicable on Equity Futures are 0.04 percent. Same is the brokerage charge for Currency Futures, where in there is no brokerage charge imposed on Commodities.
Looking at charges on Equity Options, it is Rs 75 per lot and brokerage charge on Currency Options are Rs 50 per lot. Moreover, company does not charge any other monthly fee from clients.
Consumers can get exact value of charges they need to pay through Competent Finman Brokerage Calculator.
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Competent Finman Account Opening Charges
Competent, incorporated in 2000 is an established stock broking house and rising the number of clients every year with its viable services and products. Detailing Competent Finman Account Opening Charges in the below.
Account Opening Charges | |
Trading Charges [One Time] | Free |
Trading AMC [Yearly] | Free |
Demat Charges [One Time] | Rs.250 |
Demat AMC [Yearly] | Rs.250 per Annum |
Margin Money | Minimum Rs.20,000 |
This section exhibits, Demat account opening charges are Rs 250 whereas there are no charges applicable on opening a Trading account.
Account maintenance charges on Demat are Rs 250 per annum whereas Trading AMC is free. Margin money offered by corporation is Rs 20000 minimum.
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Competent Finman Transaction Charges
This segment covers Competent Finman Transaction Charges imposed on agreement done in Equities, Commodities and Currencies.
Transaction Charges | |
Equity Delivery | NSE: 0.00325% and for BSE Rs. 1 per trade (each side) |
Equity Intraday | NSE: 0.00325% and for BSE Rs. 1 per trade (each side) |
Equity Futures | NSE 0.00190% and for BSE Rs. 1 per trade (each side) |
Equity Options | NSE:0.0500% and for BSE Rs. 1 per trade (each side) |
Currency Futures | NSE: 0.0011% |
Currency Options | NSE: 0.040% |
Commodity | Non-Agri: 0.0026% and for Agri: 0.00175% |
Equity Delivery transaction charges when done through NSE are .00325 percent and for BSE Rs 1 per trade for each side.
Similarly, transaction charges on Equity Intraday, Equity Futures and Equity Options when done through BSE is Rs 1 per trade applicable on each side.
Unlike BSE, Equity Intraday when done through NSE, charges levied are 0.00325 percent. On Equity Futures, charges determined are 0.00190 percent, this is the case when exchange is through NSE. Similarly, transaction charges are 0.0500 percent on Equity Options.
When transaction is done in Currency Options charges imposed are 0.040 percent whereas tariff on Currency futures is 0.0011 percent. Corporation charges 0.0026 percent on Commodities, in. case of Non-Agri whereas 0.00175 percent in case of Agri.
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Competent Finman Other Charges
Focusing on other charges involved in trading of services, ahead are Competent Finman Charges.
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.75 per Segment |
Account Closure Charges | Zero |
Dematerialization Charges | Rs.28 |
Corporation charges Rs 75 to reactivate the services, tariff applicable is for one segment. Clients looking for electronic format of securities need to pay Rs 28 for Dematerialization. Account closure in corporation is charge free.
Discussing further SEBI charges, STT, Stamp Duty imposed on any agreement. SEBI Turnover charges levied are 0.0002 percent whereas STT is 0.0126 of total turnover.
Considering GST, its 18 percent of brokerage plus transaction charge. Further Margin Funding Charges are 18 percent plus GST. Stamp Duty imposed on services lies between 0.002 percent to 0.004 percent.
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