In this article, we will describe Enrich Broking charges in detail for all trading segments.
Enrich Broking is one of the largest brokerage firm in the country that provides the cheapest brokerage and trading solutions along with variety of technical guidance.
It deals with variety of segments which includes options, futures, intraday trading, insurance and also investment products like mutual funds and SIP with a range of services and time to time money back offers.
Enrich Broking Brokerage Charges
Given below is a tabular representation of all the charges applied to core products and services by Enrich Broking-
|Brokerage Charges||Enrich Broking|
|Equity Delivery Trading||Zero|
|Equity Intraday Trading||Rs.20 per Order|
|Equity Futures Trading||Rs.20 per Order|
|Equity Options Trading||Rs.20 per Order|
|Currency Futures Trading||NA|
|Currency Options Trading||NA|
|Commodity Trading||Rs.20 per Order|
|Demat AMC Charges||Rs.500 per annum|
|Trading AMC Charges||Free|
As we can see, the services provided by Enrich Broking come under very affordable and cheap prices.
These are very minimum charges applied by the company, which is a flat rate of Rs.20 per order, applied to various segments of trading which includes Intraday, equity options and futures and commodity trading.
Also, the minimum brokerage charge is similar to other charge which is only Rs.20. Such cheap rates can be afforded by anyone and very easily.
Demat AMC Charges – The Company charges a very minimum amount of Rs 500 as annual charges for account maintenance of Demat account.
Trading AMC Charges – There is no account management charges for maintenance of trading account which is absolutely free.
Apart from this, there is zero requirement for margin money and equity delivery trading as well. There is also a brokerage calculator by Enrich to calculate all the expenses very easily.
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Enrich Broking Account Opening Charges
The below table shows you all the one time and yearly charges which are required for opening and maintaining account with Enrich Broking.
|Account Opening Charges|
|Trading Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Charges [One Time]||Free|
|Demat AMC [Yearly]||Rs.500|
These are bare minimum charges where there are only Rs.500 annual charges as Demat AMC and rest of the trading charges and AMC is free of cost. Also the margin money required in nil.
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Enrich Broking Transaction Charges
A tabular representation of Enrich Broking Transaction charges applied to various sections are provided here.
|Equity Delivery||0.0026% per crore|
|Equity Intraday||0.0026% per crore|
|Equity Futures||0.0026% per crore|
|Equity Options||0.0026% per crore|
|Commodity||0.0026% per crore|
Traders can deal in equity delivery, intraday, futures and options at the given rate of 0.0026% per crore as transaction charges with Enirch Broking.
It is quite a good deal for big investors and traders. Also, the same transaction charges applies to commodity as well.
The transaction charge doesn’t vary for different segments or parameters.
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Enrich Broking Other Charges
Apart from normal transaction and normal service charges, there are other mandatory charges as well which are applied by Enrich Broking.
|SEBI Turnover Charges||Rs.5 per crore|
|STT||0.005% per crore|
|Stamp Duty||0.002 % per crore|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||15% + GST|
|Reactivation Charges||Rs.100 per Segment|
|Account Closure Charges||Rs.100|
As you can see, these all are legal charges which are imposed by the government while trading which includes significant SEBI turnover charges of Rs.5 per crore.
A minimum STT which is Security transaction charge of 0.005% per crore.
The broking company provides a stamp duty of minimum 0.002 % per crore along with GST which is 18% of combined brokerage and transaction charges.
The company also provides margin funding charges of 15% with mandatory GST tax.
In case your account has been deactivated, you can reactivate your account as well with minimum payment of Rs.100 per segment.
Also, if you decide to no longer trade or invest, you can also easily close your account with minimum Rs.100 as account closure charges.
Enrich Broking Charges – Conclusion
We hope that this article has been of good use to you. It has been able to provide detailed information related to Enrich Broking Brokerage Charges & other charges.
You can now easily get the understanding of these charges & take a decision whether to go with this full service broker or not.
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