This stock broking house is one of the major contributors to the stock broking industry since its inception. It follows a defined structure, which is subject to client friendly Phillip Capital Charges. It has all the asset classes under its hold, and is well known for the quality it manages to withhold.
The Phillip Capital Brokerage Charges are the prime factor we must keep track of. It is because; they have a direct impact on the profit in a way or two. Such charges are not constant for all companies and so you need to check them out individually.
Phillip Capital Brokerage Charges
The Phillip Capital Brokerage charges, which are deducted from your overall turnover, are as follows.
|Equity Options||Rs.35 per Lot|
|Currency Options||Rs.20 per Lot|
|Flat Monthly Fees, if any||NA|
Starting with the Phillip Capital Brokerage Charges, as it is the most important expense we need to discuss about.
It is the basis of a decision making criteria for a lot of individuals, as it holds a worthy position in determining profit. Choose the segment you want to invest with, in the first place and then move to its brokerage rate.
Check out your risk profile and then plan on choosing the investments. Equity delivery has the higher designated percentage, which is of 0.35%. Highest rate in the list is a common site for this segment. Furthermore, the company has no trading in commodity provided.
The bunch of segments, i.e. intraday, futures and currency futures have the same 0.04% rate. Next up in options and currency options, with charge of Rs.35 per Lot and Rs.20 per Lot simultaneously.
Calculate all the charges easily in our brokerage calculator.
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Phillip Capital Account Opening Charges
Find below the Demat & Trading Account Opening Charges of Phillip Capital:
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.350|
|Demat AMC [Yearly]||Free|
|Margin Money||Minimum Rs.3,000|
|Brokerage Calculator||Phillip Capital Brokerage Calculator|
|Margin Calculator||Phillip Capital Margin Calculator|
Another prime factor which you need to include in your consideration is the margin money. It is the amount which should be accounted for as the minimum balance in your account all the time. It is difficult for everyone, especially a beginner if the margin is high.
This company’s margin is a minimum of Rs.3,000 which seems fair enough. Next in line is the account opening charges. It is a one time fee paid by the account holder for opening an account with the company, and for goodwill few companies waive it off.
This company has as well waived off the opening charge for trading account. The demat account charge is Rs.350. Phillip Capital AMC Charges is not levied for both the accounts. The Phillip Capital Trading Charges are literally free.
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Phillip Capital Transaction Charges
Watch out for the Phillip Capital Transaction Charges, a part of the transaction you undertake.
|Transaction Charges 2019||0.00310%|
|Equity Options||0.075% (Premium only)|
|Currency Options||0.065% (Premium only)|
Here is another Phillip Capital Charges you need to know of. The deal of one transaction is more than you can imagine. The difference in share price rate is not the final profit you will make. It is subject to further deductions including a transactional charge as given above.
Invest in any segment you like, also one or more than one and you will pay a constant rate of 0.00310% per transaction. It is one of the items which make up to the charge list.
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Phillip Capital Other Charges
Keep tabs of the various government featured Phillip Capital Charges with some additional case charges from below.
|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|
Government imposes certain state related charges as well, as included in Phillip Capital Other Charges. It takes up SEBI turnover charge of 0.0002% of Total Turnover, STT charge of 0.0126% of Total Turnover and GST is 18% of (Brokerage + Transaction Charges).
The stamp duty on the other front is dependent upon the state from which the transaction takes place. Other charges are Reactivation Charges of Rs.45 per Segment and dematerialization charge of Rs.45. The account closure charge is however waived off.
Phillip Capital Charges – Conclusion
We tried to briefly elaborate each of the Phillip Capital Charges, to the best of our knowledge. Trying to figure out these various charges are difficult and so we brought all the Phillip Capital Demat Charges to one place for you. We hope to have served you well, feeding in the information you are in search of.
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