The need of information is real, especially when expenses are of concern. You cannot deny expenses often have a great effect on the possible returns we might make.
The expenses include the charges which we pay to the company as of Muthoot Securities Charges and Muthoot Securities Demat Charges.
It would be an addition and a strong toe to your investment strategy if you know the present charge rates of the company Muthoot Securities. This article is to serve the very purpose.
Muthoot Securities Brokerage Charges
Find below the detailed table of Muthoot Securities Brokerage Charges:
|Equity Options||Rs.44 per Lot|
|Currency Options||Rs.34 per Lot|
|Flat Monthly Fees, if any||NA|
The charges you are bound with are the Muthoot Securities Brokerage charges.
Investors are subject to payment of Muthoot Securities Brokerage Charges when they choose to investment with the company.
And no, they are not avoidable as investors are obligated to the pay. However, you may track them and persuade them with your dominant strategies. Starting with the discussion of the Equity Delivery, the company has a charge rate of 0.44% for it.
The next bunch is the product of Equity Intraday, Equity Futures, Currency Futures and Commodity, all of which have a rate of 0.04%.
Well, for the investment views of Equity Options will require a charge of Rs.44 per Lot, whereas for Currency Options the rate would be Rs.34 per Lot.
Feel free to consider hitting up with the brokerage calculator provided in the last column of the table which would give you an aggregate of the brokerage charges.
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Muthoot Securities Account Opening Charges
Find below the Demat & Trading Account Opening Charges of Muthoot Securities:
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC or Annual Maintenance Charges [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.250|
|Demat AMC or Account Annual Maintenance Charges [Yearly]||Rs.300 per Annum|
|Margin Money||Minimum Rs.15,000|
|Brokerage Calculator||Muthoot Securities Brokerage Calculator|
|Margin Calculator||Muthoot Securities Margin Calculator|
Executing account activities without Muthoot Securities Account Opening Charges isn’t possible.
You may rely on a couple of free charges as provided by the company in the above table, or you will have to pay the account opening charges as demanded by the company for such services are not subject to free charges.
The free referred charges in the table above are actually the perks Muthoot Securities decided to provide to its investors but you cannot all Muthoot Securities AMC Charges and Muthoot Securities Trading Charges to be free.
So, let us first check the charges which are free. Free charges include Trading Charges [One Time] and Trading Account Maintenance Charge [Yearly].
The first charge given in the table is Demat Charges [One Time] of Rs.250, while the second is Demat AMC [Yearly] of Rs.300 per Annum. Company as also fixed up a Margin Money for trading and it is Minimum Rs.15,000.
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Muthoot Securities Transaction Charges
Get detailed table of Muthoot Securities Transaction Charges below:
|Transaction Charges 2019||0.00275%|
Charges in connection with Muthoot Securities Transaction Charges are as of above.
Account opening charges are not the end to the list of charges you need to pay to the company. The following charge is the Muthoot Securities Charges i.e. the transactional charge the company hangs up with the investors.
You might either enjoy the rates fixed by the company or even despise it for the table above clearly depicts all the options commonly have a charge rate of 0.00275%.
The options are Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity.
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Muthoot Securities Other Charges
Below is the list of various other charges levied by Muthoot Securities:
|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|
Summing up, the charges with the other Muthoot Securities Charges.
If you wonder the end of the charge list you owe, here it is. This table comprises of the government charges and also the company charges in the Muthoot Securities Other Charges category.
The government charges are SEBI Turnover Charges 0.0002% of Total Turnover, STT 0.0126% of Total Turnover, GST of 18% of (Brokerage + Transaction Charges) and Margin Funding Charges of 18% + GST.
The other company charges are Reactivation Charges of Rs.50 per Segment and Dematerialisation Charges of Rs.65, and the company has included Zero Account Closure Charges.
Muthoot Securities Charges – Conclusion
You would like to invest fair and also smart, which has a pathway of sorting all the expenses. The expenses we discussed in this table are of Muthoot Securities Charges and Muthoot Securities Demat Charges.
You will have to consider the charges and sort you money smartly in order to make ample amounts on returns, and this article is sure to give you the heads up you are required of. We hope you have gone through it thoroughly.
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