Mangal Keshav Charges – Find Brokerage Charges, Account Opening Charges & moreLast Updated Date: Nov 18, 2022
This article will conclude the Mangal Keshav Charges and other respective brokerage. Moreover, we’ll even dive deep into their liability of imposing certain taxes over their clients.
Mangal Keshav can pretty much be considered as the ancestor of all brokerage houses in India. The company initiated its operations in the year 1939.
In over 80 years of existence, it has spread its network across 300 business locations. Furthermore, the company has presence across the countries in Middle East and Africa.
This gives it even more exposure. Coming back to this article, it is all about a specific attribute of the company Mangal Keshav Brokerage Charges.
Mangal Keshav Brokerage Charges
Taking a close look at the table below will tell you a lot about Mangal Keshav brokerage plans.
|Equity Delivery Trading||0.30%|
|Equity Intraday Trading||0.03%|
|Equity Futures Trading||0.03%|
|Equity Options Trading||Rs.100 per lot|
|Currency Futures Trading||0.03%|
|Currency Options Trading||Rs.50 per lot|
|Demat AMC Charges||Rs.300|
|Trading AMC Charges||Free|
|Brokerage Calculator||Mangal Keshav Brokerage Calculator|
Mangal Keshav brokerage charges are well distributed for varying services. The table above can guide you in a proper manner to understand how it works. It has an enlisting of Equity Delivery Trading at the top. All services related to this domain are provided at 0.30% brokerage.
The brokerage value is deducted on total turnover made per trade. You can even see that there are services related to 4 specific domains that require the exact same brokerage payment. We’re talking about Equity Intraday, Equity Futures, Currency Futures and Commodity trading. These domains require a payment worth 0.03%.
The brokerage here again is charged on total turnover per trade. Next, we have a brokerage worth Rs.100 per lot for Equity Options Trading. This is followed by a brokerage of Rs.50 per lot for Currency Options trading. The company is strict about their brokerage charges.
The minimum value for brokerage in every trade is Rs.20. They even levy a charge worth Rs.300 in terms of Trading AMC. Lastly, the clients are supposed to maintain a minimum Margin Money balance worth Rs.10,000. The company does not provide any trade exposure in case this balance is not maintained.
Open Demat Account with Mangal Keshav – Fill up the Form Now!
Mangal Keshav Account Opening Charges
The table underneath represents Mangal Keshav Account Opening Charges. We’ve tried to keep it simple. So, a simple glance at it will help you to understand it in a better manner.
|Account Opening Charges|
|Trading Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Charges [One Time]||Rs.250|
|Demat AMC [Yearly]||Rs.300|
There is nothing called the Mangal Keshav Trading charges. The company provides its Trading Account to the clients for free. In fact, Mangal Keshav AMC charges for Trading account is free as well.
The clients do need to pay a brokerage worth Rs.255 as Demat Account opening charge. And, then they’re required to pay the Demat AMC that is Rs.300 a year.
Find Account Opening Charges of other Stock Brokers
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Mangal Keshav Transaction Charges
The table below concerns with Mangal Keshav Transaction Charges. So, just take a good look and you’ll get all the information you need about the field.
|Equity Delivery||0.00319% of Total Turnover|
|Equity Intraday||0.00319% of Total Turnover|
|Equity Futures||0.00319% of Total Turnover|
|Equity Options||0.00319% of Total Turnover|
|Currency Futures||0.00319% of Total Turnover|
|Currency Options||0.00319% of Total Turnover|
|Commodity||0.00319% of Total Turnover|
Mangal Keshav charges in terms of Transaction are pretty simple. These charges are levied in the exact same manner for all of its services.
So, the services including Commodity, Equity Intraday, Equity Delivery, Equity Futures, Currency Futures, Currency Options and Equity Options require a payment of 0.00319% over total turnover. This payment is to be made every time a transaction takes place by the clients.
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|Phillip Capital Charges||Modex Securities Charges||Zebu Wealth Charges|
Other Charges As Levied By Mangal Keshav
Mangal Keshav charges, concern a bit more than simple brokerage. This is what we’ve tried to present through the table below.
|SEBI Turnover Charges||0.0007% of Total Turnover|
|STT||0.0112% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
|Account Closure Charges||Zero|
The table begins by telling you the brokerage required for SEBI Turnover Charges. It presents a brokerage worth 0.0007% for the same. The next set of tax concerns with the STT. This is charged at 0.0112% of total turnover. All of these taxes and other brokerages are charged alongside the GST.
This is charged at 18% on cumulative value of brokerage and transaction charges paid. The clients even pay for Margin Funding Charges at 18% + GST. Then there is the payment for Account Reactivation Charges. This is levied at a rate of Rs.50 per segment.
The clients do not pay anything for Account Closure. However, there is a Dematerialization cost worth Rs.53 involved in the procedure.
Mangal Keshav Charges – Conclusion
We have told you everything we could about Mangal Keshav charges. So, now you know how they incur certain taxes. You understand the rates they’ve established for providing their services.
You even comprehend the fact that they do provide certain freebies. So, all you’re left to do is register yourself with the company for a brand new trading experience.
Open Demat Account with Mangal Keshav – Fill up the Form Now!
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