Mangal Keshav Charges – Find Brokerage Charges, Account Opening Charges & more

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 offers


Mangal Keshav Brokerage Charges

Taking a close look at the table below will tell you a lot about Mangal Keshav brokerage plans.

Brokerage Charges
Equity Delivery Trading0.30%
Equity Intraday Trading0.03%
Equity Futures Trading0.03%
Equity Options TradingRs.100 per lot
Currency Futures Trading0.03%
Currency Options TradingRs.50 per lot
Commodity Trading0.03%
Minimum BrokerageRs.20
Demat AMC ChargesRs.300
Trading AMC ChargesFree
Margin MoneyRs.10,000
Brokerage CalculatorMangal 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.


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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
Margin MoneyRs.10,000

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.


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.

Transaction Charges
Equity Delivery0.00319% of Total Turnover
Equity Intraday0.00319% of Total Turnover
Equity Futures0.00319% of Total Turnover
Equity Options0.00319% of Total Turnover
Currency Futures0.00319% of Total Turnover
Currency Options0.00319% of Total Turnover
Commodity0.00319% 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.


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.

Other Charges
SEBI Turnover Charges0.0007% of Total Turnover
STT0.0112% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)
Margin Funding Charges18% + GST
Reactivation ChargesRs.50 per Segment
Account Closure ChargesZero
Dematerialisation ChargesRs.53

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.


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