When it comes to JM Financial Charges, the broking firm is somewhere around the average (neither high nor low). To open an account and start trading, you have to know about its brokerage charges.

So, in this article, we have comprehended all the details about JM financial brokerage charges, their account opening charges, transaction charges, other charges that levied by the government. So, let’s take a review.

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JM Financial Brokerage Charges

Find below the detailed about JM Financial Brokerage Charges:

Brokerage Charges
Equity Delivery0.15%
Equity Intraday0.02%
Equity Futures0.02%
Equity OptionsRs 25 per lot
Currency Futures0.02%
Currency OptionsRs 25 per lot
CommodityRs 25 per lot
Flat Monthly Fees, if anyNA

Clients who wish to trade in equity delivery the brokerage gets charged is 0.15%. If they want to trade in equity intraday, equity futures or currency futures, they need to pay brokerage charges that are between 0.02%.

Whereas the Brokerage charges for equity options and currency options are Rs.25.

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    JM Financial Account Opening Charges

    This table gives you details about JM Financial account opening charges.

    Account Opening Charges
    Trading Charges [One Time]Rs. 1180
    Trading AMC [Yearly]NIL
    Demat Charges [One Time]NIL
    Demat AMC [Yearly]Rs. 650
    Margin Money75% Margin

    As you can see in the above table, the trading account opening charges are Rs. 1180 (one time) and you don’t  have to pay any amount for trading  annual maintenance charges.

    Neither he/ she has to pay any demat opening charges. The only amount that demat account holders require to pay are Rs. 650 as a demat account annual maintenance charges.

    The clients can start trading with minimum amount 75% Margin.

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    JM Financial Transaction Charges

    Get detailed table of JM financial transaction charges:

    Transaction Charges
    Equity DeliveryNSE: 0.00286% | BSE: 0.00284%
    Equity IntradayNSE: 0.00286% | BSE: 0.00284%
    Equity FuturesNSE: 0.002206% (Rs 221/Crore)
    Equity OptionsNSE: 0.05515% (Rs 5515/Crore)
    Currency Futures0.00%
    Currency OptionsNSE: 0.05515% (Rs 5515/Crore)
    CommodityMCX Rs 250/Crore

    According to the above mentioned table, we could see that the clients who wish to trade in equity delivery, equity intraday, equity options and commodity their transaction charges levied by the JM financial are 0.00286%.

    The currency options and equity options transaction charges are 0.05515% respectively and equity futures transaction charges for NSE 0.004100.002206 and BSE 0.00210%.

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    JM Financial Other Charges

    Below is the table of various charges levied by JM financial.

    Other Charges
    SEBI Turnover Charges0.00005% (Rs.5/Crore)
    STTEquity Delivery: 0.1% on both Buy and Sell
    Equity Intraday: 0.025% on the Sell Side
    Equity Futures: 0.01% on Sell Side
    Equity Options: 0.05% on Sell Side(on Premium)
    Commodity Futures: 0.01% on sell side (Non-Agri)
    Commodity Options: 0.05% on sell side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell side
    Stamp Duty(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.

    Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)

    GST18% on (Brokerage + Transaction Charge + SEBI Fee)
    Margin Funding Charges18%
    Reactivation ChargesRs 20 per instruction
    Account Closure ChargesRs 20 per instruction
    Dematerialisation ChargesRs 5 per certificate + Rs 25 per request
    Pledge CreationRs. 59 per scrip
    Pledge InvocationRs. 59 per scrip
    Margin Pledge/Unpledge/ Pledge closureRs. 59 per scrip
    Margin RepledgeRs. 59 per scrip

    JM financial charges 0.00005% of total turnover as a SEBI turnover charges, STT is 0.0126% of total turnover and GST levied by the government is 18% of ( Brokerage + transaction charges ).

    The stamp duty charges are lies between 0.002%- 0.004% and its value varies from state to state. The broking house charges 18% + GST for margin funding.

    The clients can close their account and reactivate it by paying Rs. 20 respectively. The dematerialisation charges are Rs 5 per certificate + Rs 25 per request.

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