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JM Financial Charges – Find Brokerage Charges, Account Opening Charges and more

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 of 2019
Equity Delivery0.5% – 0.15%
Equity Intraday0.05% -0.015%
Equity Futures0.05% – 0.015%
Equity OptionsRs 75 to Rs 20
Currency Futures0.05% – 0.015%
Currency OptionsRs 75 – Rs 20
Commodity
Flat Monthly Fees, if anyNA

Clients who wish to trade in equity delivery the brokerage gets charged is 0.5% – 0.15%. If they want to trade in equity intraday, equity futures or currency futures, they need to pay brokerage charges that are between 0.05% – 0.015%.

Whereas the Brokerage charges for equity options and currency options are Rs.20 to Rs.75.


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JM Financial Account Opening Charges

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

Account Opening Charges of 2019
Account Processing ChargesNil
Trading Account Opening Charges [One Time]Rs 750
Trading AMC [Yearly]Rs 0
Demat Account Opening Charges [One Time]Rs 0
Demat AMC [Yearly]Rs 299
Margin MoneyRs.15,000 Minimum

As you can see in the above table, the trading account opening charges are Rs. 750 (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. 299 as a demat account annual maintenance charges.

The clients can start trading with minimum amount Rs. 15,000.


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JM Financial Transaction Charges

Get detailed table of JM financial transaction charges:

Transaction Charges 2019
Equity Delivery0.003250%
Equity Intraday0.003250%
Equity FuturesNSE: 0.00410% and for BSE: 0.00210%
Equity Options0.07%
Currency Futures0.003250%
Currency Options0.07%
Commodity0.00350%

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 0.003250%.

The currency options and equity options transaction charges are 0.07% respectively and equity futures transaction charges for NSE 0.00410% 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 2019
SEBI Turnover Charges0.0002% of Total Turnover
STT0.0126% of Total Turnover
Stamp Duty0.002% – 0.004% – Depends on State
GST18% of (Brokerage + Transaction Charges)
Margin Funding Charges18% + GST
Reactivation ChargesRs.50 per Segment
Account Closure ChargesNil
Dematerialisation ChargesRs.53

JM financial charges 0.0002% 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 at zero prices and reactivate it by paying Rs. 5o respectively. The dematerialisation charges are Rs. 53.


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