In this article. We will cover all the details related to Monarch Networth capital charges. Monarch Network is one of the leading companies of India, which offers you all trading services at minimal charges.
So, lets have detailed review of Monarch Netwroth 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 of 2019|
|Equity Options||Rs.70 per lot|
|Currency Options||Rs.20 per lot|
|Flat Monthly Fees, if any||NA|
As per the table data, the equity delivery brokerage charges are 0.3000% while equity intraday, equity futures and currency futures brokerage charges are 0.0300% respectively. The equity option charges are Rs.70 per lot and the currency options brokerage charges are Rs. 20 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 of 2019|
|Account Processing Charges||Nil|
|Trading Account Opening Charges [One Time]||Rs.1000|
|Trading AMC [Yearly]||Nil|
|Demat Account Opening Charges [One Time]||Nil|
|Demat AMC [Yearly]||Rs.300|
If you want to trade with Monarch networth, then you have to open a trading account at Rs.100o, which is one time payment and you don’t require to pay any cost to maintain trade account.
There are no demat account opening charges, but clients have to pay Rs. 300 yearly for maintaining demat account at Monarch Networth.
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Monarch Networth Capital Transaction Charges
Find below the Monarch Networth capital transaction charges:
|Transaction Charges 2019|
|Equity Options||0.065% (Premium only)|
|Currency Options||0.065% (Premium only)|
For equity delivery and equity intraday the transaction charges are 0.00350%.
Equity options and currency options the transaction charges are 0.065% premium respectively.
For equity futures transaction charges are 0.00290% and commodity transaction charges are 0.00300% respectively.
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Monarch Networth Capital Other Charges
Find information about other charges levied by Monarch Networth:
|Other Charges 2019|
|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.50 per Segment|
|Account Closure Charges||Zero|
|Dematerialisation Charges||Rs 5/- per certificate|
The SEBI turnover charges presently calculated @ 0.0002% of total turnover. The STT tax levied by government are 0.0126% of total turnover on both sell and buy sides. GST tax levied by the government is calculated 18% on brokerage and transaction charges.
The broking house charges 18%+ GST for margin funding charges. The dematerialisation charges are Rs. 5 per certificate.
Client doesn’t requires to pay any cost for closing his/ her account and easily reactivate it by paying Rs. 50 per segment.
Open Demat Account with Monarch Networth Capital
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