Monarch Networth Capital Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Mar 24, 2023In this article. We will cover all the details related to Monarch Networth capital charges. Monarch Network is one of the leading companies in India, which offers you all trading services at minimal charges.
So, let’s have a detailed review of Monarch Netwroth’s capital brokerage charges, their account opening charges, transaction charges and other charges.
Monarch Networth Capital Brokerage Charges
Find below the information about M0narch Networth Capital brokerage charges:
| Brokerage Charges | |
| Equity Delivery | 0.30% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs 100 per lot |
| Currency Futures | 0.03% |
| Currency Options | Rs 100 per lot |
| Commodity | Rs 100 per lot |
| Flat Monthly Fees, if any | NA |
As per the table data, the equity delivery brokerage charges are 0.30% while equity intraday, equity futures and currency futures brokerage charges are 0.03% respectively. The equity option charges are Rs.100 per lot and the currency options brokerage charges are Rs. 100 per lot.
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Monarch Networth Capital Account Opening Charges
Find below the Monarch Networth Capital account opening charges details:
| Account Opening Charges | |
| Trading Charges [One Time] | Rs 0 (Free) |
| Trading AMC [Yearly] | Rs 0 (Free) |
| Demat Charges [One Time] | Rs 0 (Free) |
| Demat AMC [Yearly] | Rs 225 |
| Margin Money | 75% Margin |
If you want to trade with Monarch Networth, then you have to open a trading account at Rs.0, which is a one-time payment and you don’t require to pay any cost to maintain a trade account.
There are no demat account opening charges, but clients have to pay Rs. 225 yearly for maintaining a demat account at Monarch Networth.
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Monarch Networth Capital Transaction Charges
Find below the Monarch Networth capital transaction charges:
| Transaction Charges | |
| Equity Delivery | NSE: 0.00225% | BSE: 0.002% per trade (each side) |
| Equity Intraday | NSE: 0.00225% | BSE: 0.002% per trade (each side) |
| Equity Futures | NSE: 0.0019% | BSE 0.002% (each side) |
| Equity Options | NSE 0.05% | BSE 0.002% (each side) (on premium) |
| Currency Futures | NSE: 0.0009% | BSE: 0.00022% |
| Currency Options | NSE: 0.025% | BSE: 0.001% (on premium) |
| Commodity |
Group A: 0.0026% Group B: Pepper – 0.00005%, Castorseed – 0.0005%, Rbdpmolein – 0.001%
|
For equity delivery and equity intraday, the transaction charges are 0.00225%.
For equity options and currency options, the transaction charges are 0.05% and 0.025% premium respectively.
Then, for equity futures transaction charges are 0.0019% and commodity transaction charges are 0.0026% respectively.
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Monarch Networth Capital Other Charges
Find information about other charges levied by Monarch Networth:
| Other Charges | |
| SEBI Turnover Charges | 0.00005% (Rs.5/Crore) |
| STT | Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell SideEquity 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 STTOn Exercise transaction: 0.125%Right to entitlement: 0.05% on sell-side |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | 18% |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | Rs 20 per instruction |
| Dematerialisation Charges | Rs 50 per request |
| Pledge Creation | Rs 50 per transaction |
| Pledge Invocation | Rs 50 per transaction |
| Margin Pledge/Unpledge/ Pledge closure | Rs 50 per transaction |
| Margin Repledge | Rs 50 per transaction |
The SEBI turnover charges are presently calculated @ 0.00005% of total turnover. The STT tax levied by the government is 0.0126% of total turnover on both the sell and buy sides. GST tax levied by the government is calculated at 18% on brokerage and transaction charges.
The broking house charges 18%+ GST for margin funding charges. The dematerialisation charges are Rs. 50 per certificate.
The client does require to pay any cost for closing his/ her account and easily reactivate it by paying Rs. 20 per segment.
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