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.
JM Financial Brokerage Charges
Find below the detailed about JM Financial Brokerage Charges:
|Brokerage Charges of 2019|
|Equity Delivery||0.5% – 0.15%|
|Equity Intraday||0.05% -0.015%|
|Equity Futures||0.05% – 0.015%|
|Equity Options||Rs 75 to Rs 20|
|Currency Futures||0.05% – 0.015%|
|Currency Options||Rs 75 – Rs 20|
|Flat Monthly Fees, if any||NA|
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 Charges||Nil|
|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 Money||Rs.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 Futures||NSE: 0.00410% and for BSE: 0.00210%|
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 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.50 per Segment|
|Account Closure Charges||Nil|
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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