If you want to trade with the company just get sure to understand the details about the India Advantage Securities Brokerage Charges and the India Advantage Securities Charges.
India Advantage is one of the stockbroking companies of repute who came to the limelight with an intention to assist investors the right way so that they can make the most of their investments.
In order to make the trading platforms secured they even introduced high- end trading tools like charting and various types of calculators.
India Advantage Securities Brokerage Charges
The India Advantage Securities brokerage charges are divided into the segment below to give a clear view of the pricing.
|Equity Delivery||0.2% – 0.5%|
|Equity Intraday||0.02% – 0.05%|
|Equity Futures||0.02% – 0.05%|
|Equity Options||Rs.20 – Rs.50 per Lot|
|Currency Futures||0.02% – 0.05%|
|Currency Options||Rs.10 – Rs.25 per Lot|
|Commodity||0.02% – 0.05%|
|Flat Monthly Fees, if any||NA|
The securities exchange board of India is the ultimate regulator of the broking prices. Therefore all the stockbroking companies have to follow their rules.
In that regards, you will see that the India Advantage Securities Brokerage Charges for the equity delivery is 0.2% – 0.5%.
This means you need to pay the amount which is more compared to the brokerage charges for the equity intraday, future, options as well as commodity trading as their charges are 0.02% – 0.05%.
On top of that, you will see that the stockbroking company has fixed a variable amount for the currency options trading which is Rs.10 – Rs.25 for each of the lot.
On the other hand, they ask the traders to pay Rs.20 – Rs.50 for the equity options trading. Honestly, traders as well as investors need not to worry as the percentage of brokerage is minimal.
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India Advantage Securities Account Opening Charges
The India Advantage Securities Account Opening Charges are not exorbitant therefore you can pay that on your terms in an easy way.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.249|
|Demat AMC [Yearly]||Rs.399 per Annum|
|Margin Money||Minimum Rs.10,000|
|Brokerage Calculator||India Advantage Securities Brokerage Calculator|
|Margin Calculator||India Advantage Securities Margin Calculator|
Account opening charges means a lot for both the trader and the broking company as the broking company also get a commission on that. Therefore you need to make sure that the company you want to come to terms with should be legitimate.
In that regard, the India Advantage Securities AMC Charges for the Demat is Rs.249 as the one time demat charge. While, the yearly Demat trading charge is Rs.399. The India Advantage Securities Trading Charges for both the yearly and one time is absolutely free.
But, one thing you need to make sure is that you have to pay the margin amount to the company which is Rs.10,000.
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India Advantage Securities Transaction Charges
India Advantage Securities Transaction Charges, are described in the table below, follow that to know what you have to pay exactly.
|Transaction Charges 2019||0.00316%|
Every trader needs to understand that he has to pay a certain amount as the transaction charge. Now, this transaction charge is actually determined by the SEBI. On top of that, according to the SEBI rules anyhow, the percentage charged as the transaction will never cross 0.5 %.
Therefore, the India Advantage Securities charges for the equity delivery, intraday, futures, options, currency futures, options as well as the commodity trading is 0.00316%. as you can see that for every trading segment the amount is same.
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India Advantage Securities Other Charges
The India Advantage Securities charges labeled as other charges offer you the parameter to judge the pricing difference for different categories.
|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.55 per Segment|
|Account Closure Charges||Rs.50 per Segment|
Do you know that trading platform always charges a certain amount as other charges? Again note that this amount is not abstract rather a specific amount as referred by the Security Exchange Board of India.
Now the stockbroking company like India Advantage Securities is following that with full respect. Like you can see that the India Advantage Securities Other Charges for the SEBI is 0.0002% on the entire turnover.
Note that SEBI is the highest body that literally safeguards the rights of both the buyers and sellers. The Securities transaction charge is again one of the important charges and according to the company, you will have to pay 0.0126% on the turnover.
In addition to that, you have to pay the GST charge which is 18%. Also, pay the margin funding charges that include Goods and services tax in addition to 18%. Moreover, you have to pay the reactivation charge, which is Rs.50 for each of the segments.
Other than that, you have to contribute nil amounts as the account closure charge. But, if you want any electronic format for the shares you are holding then you have to pay the dematerialization fees which is Rs.20.
India Advantage Securities Charges – Conclusion
Traders have to be smart enough when choosing the trading platform because they can’t let go of the opportunity of losing any capital.
In that respect the India advantage will offer, a convenient trading platform where you will get the best of both worlds like either you can manage the trading platform yourself or else can take the professional help from the company to manage your account.
Therefore, either way, you will be in a winning position because the company will let you manage your wealth in a brilliant way.
Therefore, now it is time to get to know the conclusion of India Advantage Securities Charges and also take some more input regarding the India Advantage Securities Demat Charges, which is, they are affordable.
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