Grovalue Securities Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 17, 2022Leading the investors onto the information on the multiple charges imposed on them, this article is a place which caters all such information.
We made it a point of greater concern to include all such details which would have to be paid by the traders of the company, or in other words the clients of Grovalue.
This article has information on Grovalue Securities Charges and Grovalue Securities Demat Charges from a company which offers diversified brokerage services.
Grovalue Securities Brokerage Charges
Find below the detailed table of Grovalue Securities Brokerage Charges:
| Brokerage charges | |
| Equity Delivery | 0.25% – 0.55% |
| Equity Intraday | 0.025% – 0.055% |
| Equity Futures | 0.025% – 0.055% |
| Equity Options | Rs.25 – Rs.55 per Lot |
| Currency Futures | 0.02% – 0.05% |
| Currency Options | Rs.25 – Rs.55 per Lot |
| Commodity | 0.02% – 0.05% |
| Flat Monthly Fees, if any | NA |
| Brokerage Calculator | Grovalue Securities Brokerage Calculator |
We have made the above table as the material containing Grovalue Securities Brokerage charge.
The obvious while investing with a stock broking house is to pay the charges they ask for. One such kind of charges you are supposed to pay is the major Grovalue Securities Brokerage Charges.
The charge rate is different for all the different kinds of investment products you opt. Though there are a couple of products which fall in the same rate category, let us start with the first product. The Equity Delivery option requires a charge of 0.25% – 0.55%.
The next in order in the first couple of products which have the same rate of 0.025% – 0.055% and they are Equity Intraday and Equity Futures.
The next set has a charge rate of 0.02% – 0.05% and the products are Currency Futures and Commodity. The last couple of products are Equity Options and Currency Options with the rate of Rs.25 – Rs.55 per Lot.
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Grovalue Securities Account Opening Charges
Find below the Demat & Trading Account Opening Charges of Grovalue Securities:
| Account Opening Charges | |
| Trading Charges [One Time] | Free |
| Trading AMC [Yearly] | Free |
| Demat Charges [One Time] | Rs.250 |
| Demat AMC [Yearly] | Rs.600 per Annum |
| Margin Money | Minimum Rs.15,000 |
Here is the material on the Grovalue Securities Account Opening Charges stating the obvious figures.
Just like any other major account opening activities attract a pay in the form of charge, investing with this company as well attracts a charge which is generally in the form of either Grovalue Securities AMC Charges or Grovalue Securities Trading Charges.
Starting with the Trading charges the clients are in profit here, as they require absolutely no payment in the form of charge. The free of charge services are the Trading Charges [One Time] and Trading Account Maintenance Charge [Yearly].
There is also a barrier on the Margin Money which is required to be investment in order to trader with the company and the limit is Minimum Rs.15,000.
Though the company charges for the Demat account and the assigned amount for Demat Charges [One Time] is Rs.250 and Demat AMC [Yearly] charge is Rs.600 per Annum.
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Grovalue Securities Transaction Charges
Get detailed table of Grovalue Securities Transaction Charges below:
| Transaction Charges | |
| Equity Delivery | 0.00320% |
| Equity Intraday | 0.00320% |
| Equity Futures | 0.00320% |
| Equity Options | 0.085% (Premium only) |
| Currency Futures | 0.00265% |
| Currency Options | 0.085% (Premium only) |
| Commodity | 0.00320% |
This table is to enlighten the clients on the Grovalue Securities Transaction Charges.
Reading the table given above is quite easy especially if you have been considering selecting an option. This is because the transactional charge rates for most of the options are generally same and you do not have to make a lot of compromises.
The Grovalue Securities Charges for 4 options namely Equity Delivery, Equity Intraday, Equity Futures and Commodity is the same i.e. 0.00320%.
The next couple of options again have the same charge rates i.e. 0.085% only on premium and they are, Equity Options and Currency Options. The charge for Currency Futures is 0.00265%.
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Grovalue Securities Other Charges
Below is the list of various other charges levied by Grovalue Securities:
| 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.45 per Segment |
| Account Closure Charges | Zero |
| Dematerialisation Charges | Rs.45 |
Being the investor of the company enlighten yourself with the Grovalue Securities Charges given above.
The list of charges does not end with the transactional charges as there are also some Grovalue Securities Other Charges to be also borne by the clients.
The personal charges are Reactivation Charges of Rs.45 per Segment and Dematerialisation Charges of Rs.45. good news we wish to convey is that the Account Closure Charges is absolutely free of charge.
The government charges are SEBI Turnover Charges 0.0002% of Total Turnover, STT 0.0126% of Total Turnover, GST of 18% of (Brokerage + Transaction Charges) and Margin Funding Charges of 18% + GST.
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