Prabhat Finance has managed to create a friendly platform for all the citizens of India. They work towards making financial products reachable to all the sections of the society. The Prabhat Finance Charges, which bothers investors, are marked and applied after keen thoughts.
Such idea and perspective is to make the Prabhat Finance Brokerage Charges economic in nature. Charges alter the end possible profit scenario, and hence minute charge rate is desirable by trades and investors alike.
Prabhat Finance Brokerage Charges
Figure out the Prabhat Finance Brokerage for the segments you invested in.
|Equity Options||Rs.25 per Lot|
|Currency Options||Rs.15 per Lot|
|Flat Monthly Fees, if any||NA|
The most famous and in demand segment of trading is the equity delivery format. So, it has the highest percent of Prabhat Finance Brokerage Charges of 0.25%.
Following are the equity intraday, equity futures, currency futures and commodity formats, all of what have the same charge of 0.03%.
The final trading formats, equity options and currency options have a charge of Rs.25 per Lot and Rs.15 per Lot respectively. If you have no idea, all the charges are quite low as compared to a lot of other broker houses. Hence, this company gives you a high probability of making extended profit.
We also have a brokerage calculator put up for you, and you can find its link in the table given above. It will do the commutation part for you, and also disclose the profit you will make from the trade.
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Prabhat Finance Account Opening Charges
Scrutinize the basic Prabhat Finance Account Opening Charges tagged to each demat and trading account.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Rs.299 per Annum|
|Demat Account Opening Charges [One Time]||Rs.100|
|Demat AMC [Yearly]||Free|
|Margin Money||Minimum Rs.3,100|
|Brokerage Calculator||Prabhat Financial Brokerage Calculator|
|Margin Calculator||Prabhat Finance Margin Calculator|
You need to know that no transaction or investment can be undertaken without a demat and trading account. However, both the account may or may not come for free, and the provision is your broker’s choice. Some stock brokers provide low charges, some high, and some waive off the charges.
As for the actual set of charges you will encounter while holding the accounts, you are obligated to pay an account opening charge and AMC. The opening charge is a one time payment; however the Prabhat Finance AMC Charges are to be paid annually.
The opening Prabhat Finance Trading Charges are nil, however, the demat account has a tagged Rs.100 charge. Moving to the AMC, the demat account has nocharge, but trading account has Rs.200 per annum. The margin requirement is a minimum of Rs.3,100 and is absolutely economical.
Find Account Opening Charges of other Stock Brokers
|Nirmal Bang Charges||Religare Securities Charges||Reliance Securities Charges||Tradebulls Securities Charges|
|Aditya Birla Money Charges||Smc Global Charges||Ventura Securities Charges||Samco Securities Charges|
Prabhat Finance Transaction Charges
Review the Prabhat Finance Transaction Charges for each and every segment you invested in.
|Transaction Charges 2019||0.00315%|
The transactions you perform include the brokerage charge for the first thing. But, the brokerage charges are not all, as you will all have to pay transactional Prabhat Finance Charges. This transaction charge is applicable for each and every segment, where no segment is excluded from the list.
However, the company has fixed up the same transaction charges for all the formats of trading. So, you will pay the same amount of charge irrespective of the segment you choose to invest in. These charges basically account for a small portion of your profit.
Find Transaction Charges of other Brokers
|Lkp Securities Charges||Shri Parasram Holdings Charges||Alankit Assignments Charges||Bma Wealth Creators Charges|
|Shah Investor Charges||Shriram Insight Charges||Eureka Securities Charges||Ase Capital Markets Charges|
Prabhat Finance Other Charges
Monitor through all the additional Prabhat Finance Charges including the government charges.
|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.45 per Segment|
|Account Closure Charges||Zero|
The next set of Prabhat Finance Other Charges are government oriented, and though they are a lot of charges included, they together account for another minute charge. The SEBI turnover, STT, stamp duty and the GST charges are all pretty less if you commute them yourself.
Then, if you opt for margin trading, you will be charged with 18% + GST. The contrary charges are reactivation, dematerialisation and account closure that has a charge tag of Rs.50 per segment, Rs.53 and free.
Prabhat Finance Charges – Conclusion
Smart investor has everything figured out, and is well learned to witness and make the right decision. This article was to educate you about the Prabhat Finance Charges, in order to help you make smart investments. We also have the calculator to Prabhat Finance Demat Charges.
Link of the calculator is shared, and it would let you know which transaction would bear the return you want to make. We have figured out the commutation and also the charge rates to make your investment easy.
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