Emkay Global Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: May 05, 2022Emkay Global is pick of the litter in market. Masses including, hedge funds, banks, insurance companies, private equity firms, corporate houses, SMEs and HNIs are now with Emkay.
Justification of this is, Firm’s services reasonable for every group. Therefore, picturizing in this article Emkay Global Charges, such as Brokerage Charges, Transaction and Account Opening Charges.
Emkay Global Brokerage Charges
Starting off with Emkay Global Brokerage Charges on buying and selling of products and services with compensation to the broking house serving as an interface.
| Brokerage Charges | |
| Equity Delivery | 0.33% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs.33 per Lot |
| Currency Futures | 0.03% |
| Currency Options | Rs.23 per Lot |
| Commodity | 0.03% |
| Flat Monthly Fees, if any | NA |
| Brokerage Calculator | Emkay Global Brokerage Calculator |
Emkay is a well-known broking house of the country and is holding a large number of clients. Corporation has set benchmark in market by profits earned by consumers on buying and selling Equities and other options.
Emkay discloses that they charge 0.03 percent of brokerage fee on Equity Intraday and Equity Futures.
Similarly, brokerage charges set by company on Equity Delivery are 0.33 percent for buying or selling in this case. Rs 33 is the brokerage amount on Equity Options. This amount is applicable on one lot of Options.
Discussing further about Currency Futures, taxes to hold any service on fixed amount to buy or sell this service in futures is 0.03 percent of the amount involved in agreement.
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Emkay Global Account Opening Charges
Noting down in table account opening charges of Emkay Global for Trading and Demat account.
| Account Opening Charges | |
| Trading Charges [One Time] | Free |
| Trading AMC [Yearly] | Rs.250 per Annum |
| Demat Charges [One Time] | Zero |
| Demat AMC [Yearly] | Rs.250 per Annum |
| Margin Money | Minimum Rs.1,000 |
Primarily discussing Margin Money, it allows capitalists to buy more stocks than they would be able to buy normally and can earn a huge profit if carried out correctly. Company starts Margin Money with Rs 1000 and increases this amount according to the need of clients.
Studying about Demat and Trading Account, customer does not pay any charges to open these accounts. Along with that, Demat account ensures immediate transfer of securities and act as a convenient way to hold shares and securities. Moreover, Trading account helps to compare between cost of goods sold and gross profit.
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Emkay Global Transaction Charges
In this section, get detailed Emkay Global Transaction Charges on Equities derivatives, currencies and commodities.
| Transaction Charges | |
| Equity Delivery | 0.00335% |
| Equity Intraday | 0.00335% |
| Equity Futures | 0.00335% |
| Equity Options | 0.085% (Premium only) |
| Currency Futures | 0.00265% |
| Currency Options | 0.085% (Premium only) |
| Commodity | 0.00335% |
Equity benefiting large number of clients with its diversified options has become first and foremost in business. Looking at Equity delivery transaction charges, commission levied is 0.00335 percent on the total amount of investment. Equity Intraday, Equity Futures and Commodities are in the same vein, relevant transaction charges are 0.00335 percent.
Emkay transaction charges decided on Equity Options and Currency Options are 0.085 percent. These charges applicable only on premiums decided for one cycle. To buy or sell Currency Futures, transaction charges levied are 0.00265 percent.
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Emkay Global Other Charges
Do you know there are some other obligatory charges imposed on sale and purchase of securities and shares? Specifying below Emkay Global 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.50 per Segment |
| Account Closure Charges | Zero |
| Dematerialization Charges | Rs.53 |
SEBI charges, STT, GST, Reactivation, etc. are mandatory charges involved in trading of products and services. Enlightening on SEBI taxation, 0.0002 percent of the total turnover are the SEBI charges. In addition to that, STT imposed is 0.0126 percent of the total turnover.
If applicable, stamp duty lies between 0.002 percent to 0.004 percent. GST, as we all know is 18 percent of brokerage plus transaction fee. Further specified charges are Margin Funding charges, which are 18 % plus GST.
Covering last three section of table above, it is clear that no account closure charges are there. In order to reactivate services in Company, clients need to pay Rs 50 per segment and for Dematerialization of securities charges are Rs 53. Dematerialization ensures transfer settlements and reduces delay in registration of shares.
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