This article will review a very crucial part of the company’s infrastructure, the Kunvarji Finstock charges. These charges include Kunvarji Finstock Brokerage charges, Trading charges, AMCs, Demat and other relevant charges levied as taxes. So, stay with us as we explain each charge in the article.
Kunvarji Finstock is one giant of a full service broker across the Indian subcontinent. The company started its operations in the year 1960. In fact, this very year marks the completion of its six decades worth presence.
This had led to tremendous growth for the company. It has a firm hold within the Indian stock broking industry. It is very well marked by its 108 branches located across the dimensions of the nation.
Kunvarji Finstock Brokerage Charges
The table below gives you a glimpse into Kunvarji Finstock brokerage prices.
|Equity Options||Rs.45 per Lot|
|Currency Options||Rs.25 per Lot|
|Flat Monthly Fees, if any||NA|
Kunvarji Finstock Brokerage charges are levied in a certain pattern. This pattern is derived by the varying services they render. To begin with, we have a charge worth 0.45% applicable for Equity Delivery trading. Next comes the Equity Intraday trading. The company imposes a charge worth 0.05% for this service.
Even the services pertaining to Equity Futures and Currency Futures trading are charged at a rate of 0.05%. The company does not provide any services for Commodity Trading. However, they do provide Equity Options based services. These services are charged at Rs.45 per lot and, Currency Options services are charged at Rs.25 per lot.
The minimum brokerage depends on the percentage of transaction. The company does not even charge anything for Demat or Trading AMCs. Moreover, they even do not require their clients to have a minimum Margin Money balance. Each of the charges as mentioned within the table are precise.
However, we still recommend you to use the Kunvarji Finstock Brokerage Calculator for precise brokerage calculation pertaining to specific trade values.
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Kunvarji Finstock Account Opening Charges
The best part of this article is about Kunvarji Finstock Account Opening Charges. That’s exactly what we’ve tried to demonstrate through the table below.
|Trading Account Opening Charges [One Time]||Rs.254|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Zero|
|Demat AMC [Yearly]||Free|
|Margin Money||Zero Margin|
|Brokerage Calculator||Kunvarji Finstock Brokerage Calculator|
|Margin Calculator||Kunvarji Finstock Margin Calculator|
The previous table explained all about Kunvarji Finstock trading charges. Now, this part will explain everything there is about account opening charges. So, the company does not levy any charge for allowance to use its Demat Account.
Furthermore, it grants the clients to open up free Trading accounts. Kunvarji Finstock AMC charges for these accounts are zero as well. If you’re already impressed by the company’s generosity, wait for a second. The company does not require their clients to have any minimum Margin Money balance either.
There isn’t practically anything else you can ask for!
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Kunvarji Finstock Transaction Charges
The table underneath shows all of Kunvarji Finstock Transaction Charges thoroughly.
|Transaction Charges 2019||0.00315%|
As you can see, the company has a distinct policy for imposing Transaction Charges. All of Kunvarji Finstock Transaction charges are levied in a uniform manner. The traders must pay these charges every single time they commence a trade.
Anyway, Kunvarji Finstock charges a sum worth 0.0315% per transaction as Transaction Charge. This amount is applicable to Equity Delivery, Equity Options, Equity Intraday, Equity Futures, Currency Options Currency Futures and even Commodity trading.
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Kunvarji Finstock Other Charges
Kunvarji Finstock charges certain other amounts from their clients. These charges come in the form of taxes as implied by the government. The table below enlists all such charges.
|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|
Apart from the usual brokerage, Kunvarji Finstock other charges include certain taxes. These taxes are a subject to the government’s policies and, they may change with time. However, they’re mostly untouched and stay the same for over years.
For the time being, Kunvarji Finstock charges 0.0002% of total turnover for SEBI Turnover charge. Another 0.0126% of total turnover is levied in terms of STT. This is even known by the name of Securities Transaction Tax. The next tax in line is the GST. This is imposed at 18% rate over the sum of brokerage and transaction charge together.
The company even charges 18% + GST over the Margin Funds they grant to their clients. Rs.45 per segment is applied in terms of Reactivation requirements. Rs.45 is imposed in case of Dematerialization. The clients do not need to pay anything in terms of Account Closure charges.
However, a certain amount is levied as stamp duty at the end of every trade. This is a variable amount and it primarily depends on the state where the transactions take place.
Kunvarji Finstock Charges – Conclusion
Kunvarji Finstock is a great company to trade with. They have over 100 branches located throughout the country. They even have some of best online trading platforms to provide. We’ve tried to explain all of Kunvarji Finstock charges as levied during trades.
We’ve explained about Kunvarji Finstock Demat, Trading, and brokerage charges through this article. Now it’s all up to you to decide whether to choose Kunvarji Finstock for their stock advisory and assistance services.
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