Kifs Trade Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Nov 17, 2022While trading it is very necessary to know the brokerage charges. So, here we have listed all the Kifs Trade charges that levied by broking house.
From demat and trading account opening charges, transaction charges to Kifs Trade brokerage charges, here you will get everything related to brokerage charges that levied by Kifs trade.
Kifs Trade Brokerage Charges
Find below the detailed table of Kifs trade brokerage charges:
| Brokerage Charges | |
| 0.30% | |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot |
| Currency Futures | 0.03% |
| Currency Options | Intraday: Rs 20 per lot | Carry Forward: Rs 20 per lot |
| Commodity | 0.03% / Rs 30 per lot |
| Flat Monthly Fees, if any | NA |
The brokerage charges levied by kifs trade for equity delivery is 0.30%, for equity Intraday, equity futures, currency futures and commodity brokerage lies between 0.03% respectively.
For equity options and currency options the brokerage charges are Rs. 20 per lot respectively.
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Kifs Trade Account Opening Charges
Get the details of Kifs Trade account opening charges:
| Account Opening Charges | |
| Rs 0 (Free) | |
| Trading AMC [Yearly] | Rs 0 |
| Demat Charges [One Time] | Rs 0 |
| Demat AMC [Yearly] | Rs 330 |
| Margin Money | Rs.25,000 – Rs.100,000 |
In order to opt the trading services of Kifs trade, clients need to open either trading account at Rs. 0 or demat account at Rs. 0. Along with that, they need to pay Rs.330 as a demat AMC yearly.
There will be no maintenance charges for trading accounts. Kifs trade sets margin money Rs. 25,000 only.
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Kifs Trade Transaction Charges
Below mentioned table gives you information of Kifs trade transaction charges:
| Transaction Charges | |
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side) |
| Equity Futures | NSE Rs 210 per Cr (0.0021%) | BSE Rs 1 per trade (each side) |
| Equity Options | NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side) |
| Currency Futures | NSE Rs 135 per Cr (0.00135%) |
| Currency Options | NSE Rs 4400 per Cr (0.044%) (on premium) |
| Commodity | Non-Agri Rs 360 per Cr (0.0036%) | Agri Rs 275 per Cr (0.00275%) |
At Kifs trade, clients who want to trade in equity delivery they need to pay 0.00325% as transaction charges. For equity Intraday 0.00325% and for equity futures it will be 0.0021%.
The transaction charges for equity options 0.053%, for currency futures 0.00135% respectively. The transaction charges for currency options 0.044% and for commodity 0.0036% respectively.
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Kifs Trade Other Charges
Get the detailed table of various other charges levied by Kifs trade.
| Other Charges | |
| SEBI Turnover Charges | 0.00005% (₹5/Crore) |
| STT | Equity 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: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.
Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | NA |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | Rs 30 per instruction |
| Dematerialisation Charges | Rs 10 per certificate + Rs 50 per request |
| Pledge Creation | Rs 20 + Rs 12 per request (CDSL Charges) |
| Pledge Invocation | Rs 20 |
| Margin Pledge/Unpledge/ Pledge closure | Rs 20 + Rs 12 per request (CDSL Charges) |
| Margin Repledge | Rs 32 per ISIN |
The SEBI turnover charges are 0.00005% of total turnover whereas STT charges are apply on both buy and sell sides and that are 0.0126% of total turnover.
The stamp duty charges are lies between 0.002% – 0.004% and its value defined by the state governments. The margin funding charges are 18%+GST. The GST charges are 18% of ( brokerage+ transaction charges).
The account closure charges are Rs 30 per instruction and the reactivation charges Rs. 50 per segment.The dematerialisation charges are Rs 10 per certificate + Rs 50 per request only.
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