We’ll talk about Finvasia Charges throughout this article. So, you’ll be getting a proper explanation for Finvasia Brokerage charges. In fact, we’ll grant you all the details there are about the company’s brokerage plans.
We’ll tell you how it implicates certain taxes within the clients. Also we state the freebies you may expect from the company.
Finvasia, by all respect is the leader of all discount brokers and we’re not merely considering the ones in India. It is quintessential to say that this company is all about changing the game and, it’s been doing so since 2013. The company’s existed for less than a decade.
Finvasia Brokerage Charges
Finvasia brokerage charges aren’t as complicated to understand and, the table below proves our point to the core.
|Equity Delivery Trading||0.00%|
|Equity Intraday Trading||0.00%|
|Equity Futures Trading||0.05%|
|ThEquity Options Trading||0.00%|
|Currency Futures Trading||0.04%|
|Currency Options Trading||0.00%|
|Demat AMC Charges||Zero|
|Trading AMC Charges||Zero|
|Brokerage Calculator||Finvasia Brokerage Calculator|
Do you see a lot more zeros than numbers within the table above? Look again! Did you see correctly the first time? Of course you did! And, there’s absolutely no need to get confused at all. Afterall Finvasia is a super discount broker right? Anyway, let us try to make some sense of the table that just got you confused.
So, let’s begin with Equity Delivery trading services. These services are the most sought after by clients. Companies mainly depend on them for their brokerage stream, so the heavy brokerage. However, Finvasia brokerage charges do not work that way.
The company grants these services at 0.00%. They even grant some other services at this exact rate. The list includes Equity Intraday, Currency Options, Commodity and Equity Options trading services. Equity Futures and Currency Futures trading services are charged at 0.05% and 0.04% respective.
There is no limit in terms of minimum brokerage or Margin Money balance. Even Trading and Demat Accounts are provided without any AMCs whatsoever.
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Finvasia Account Opening Charges
Finvasia Account Opening charges are just as awesome. You don’t believe us? Just take a look at the table below!
|Account Opening Charges|
|Trading Charges [One Time]||Free|
|Trading AMC [Yearly]||Zero|
|Demat Charges [One Time]||Zero|
|Demat AMC [Yearly]||Zero|
Just one look at the table above and, you can tell that it’s amazing. In fact, there is practical existence of Finvasia Trading charges and Finvasia AMCs as per the table and, that’s absolutely correct. The company does provide its Trading and Demat Accounts for free.
In fact, they even do not require any payment during the time of registration. Moreover, the clients are totally relieved from having to maintain any specific Margin Money balance to avail the services related to it.
Finvasia Transaction Charges
The table below corresponds to Finvasia Transaction Charges.
|Equity Delivery||0.00325% of Total Turnover|
|Equity Intraday||0.00325% of Total Turnover|
|Equity Futures||0.00325% of Total Turnover|
|Equity Options||0.00325% of Total Turnover|
|Currency Futures||0.00325% of Total Turnover|
|Currency Options||0.00325% of Total Turnover|
|Commodity||0.00325% of Total Turnover|
Finvasia charges in terms of Transaction aren’t the least in the industry. But then do you really need any more discounts from the broker? We didn’t think so either. Moreover, the charges are pretty much nominal to begin with.
Plus, they are levied at a similar rate for all services. So, you may avail any services related to Equity Intraday, Commodity, Currency Futures, Equity Delivery, Currency Options, Equity Options or Equity Futures. Yet you’ll be charged with the exact same rate of 0.00325% over total turnover.
Other Charges As Levied By Finvasia
Finvasia charges in terms of certain internal policies and a few taxes are all lined up within the table below.
|SEBI Turnover Charges||0.00015% of Total Turnover|
|STT||0.025% of selling value|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.45 per Segment|
|Account Closure Charges||Zero|
These are all cumulatively called the Finvasia other charges. The table initiates with a description of SEBI Turnover Charges. There is obviously no need to describe the charge any further right? We mean it is pretty much self explanatory. Anyway, this is levied at a rate of 0.00015% total turnover as generated by the clients.
The second set of tax is levied under the banner of STT or Securities Transaction Tax. It requires a payment of 0.025% of total turnover. Then, there is a minimal amount charged for the sake of Stamp Duty. It is a variable charge and, it totally depends upon the norms of the state where the deal takes place.
The company places a charge of 18% + GST over Margin Funding as well. These are called the Margin Funding Charges. Then there is the GST itself. This one is imposed at a rate of 18% over all brokerages and transaction charges paid by the clients.
The traders even need to pay a Reactivation Charge worth Rs.45 per Segment. And, they even need to pay Rs.45 in terms of Dematerialization Charge. The company does not impose any charges for the sake of Account Closure nonetheless.
Finvasia Charges – Conclusion
That’s all we had to say about Finvasia charges. We’ve educated you enough on Finvasia Demat Charges, Trading Charges and more. Now, we firmly believe that it’ll be sufficient for you to decide whether the company’s services are worth your current set of requirements or not.
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