Profitmart Charges – Find Brokerage Charges, Account Opening Charges & more

This article is meant to brief you about Profitmart charges. So, we’ll talk about Profitmart Brokerage Charges, Transaction Charges and more. Just stay tuned and gain all the information you require in this domain.

Profitmart Securities came into being in the year 2010. Thus, it’s been merely a decade of their existence. Yet they’ve managed to get into the league with the giants. However, the company was earlier known as Multiple Securities Brokers Pvt Ltd.

It was a dream foundation of three people with great experience in financial advisory. We’re referring to Niranjan Mahajan, NayanBhandar and Yesudasan RK. At present, it operates as a DP of CDSL and under guidelines from BSE, NSE and MCX.

Profitmart Securities Offers

Profitmart Securties Brokerage Charges

The article below describes all about Profitmart brokerage policies.

Brokerage Charges
Equity Delivery Trading0.30%
Equity Intraday Trading0.01%
Equity Futures Trading0.01%
Equity Options TradingRs.25 per lot
Currency Futures Trading0.01%
Currency Options TradingRs.25 per lot
Commodity Trading0.01%
Minimum Brokerage0.01% for transaction
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyMinimum 10,000
Brokerage CalculatorProfitmart Brokerage Calculator

Profitmart brokerage charges are variable in nature. They charge 0.30% per transaction for all Equity Delivery Trading services. They incur a charge of 0.01% for Commodity, Currency Futures, Equity Futures and Equity Intraday Trading.

Even the charges for these trading services are levied on per transaction manner. Lastly, they impose a charge of Rs.25 per lot in terms of Currency Options and Equity Options Trading services. The minimum required brokerage for Profitmart is worth 0.01% per transaction.

They even have a Margin Money requirement worth Rs.10,000. The company does not require any specific AMC for Trading or Demat Account. This means, that the Trading and Demat Accounts are free to use along with all of their corresponding platforms.

We have created a platform to help you out in this matter. The platform is called Profitmart Brokerage Calculator. We really recommend you to try it out. It’ll give you a predetermined value for any specific trade type and a given value.

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    Profitmart Securties Account Opening Charges

    We’ve mentioned the Profitmart Account Opening Charges with the help of the table underneath.

    Account Opening Charges
    Trading Charges [One Time]Free
    Trading AMC [Yearly]Free
    Demat Charges [One Time]Zero
    Demat AMC [Yearly]Free
    Margin MoneyMinimum 10,000

    We’ve already explained about Profitmart Trading Charges in the previous section. Now, it’s time we tell you about the account opening charges they incur. As you can observe from the table, the company does not charge anything in terms of Trading Charges.

    In fact, they provide Trading and Demat AMC’s for free as well. In simple words, you can use all of company’s platforms without ever having to pay Profitmart AMC Charges. To top that off, they do not even charge any Demat Charges.

    Profitmart does have a strict rule about Margin Money requirement. They require all of the clients to have at least Rs.10,000 as Margin Money within their accounts. This is required to provide the clients with exposure on certain trading domains.

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    Profitmart Transaction Charges

    The following table corresponds to Profitmart Transaction Charges.

    Transaction Charges
    Equity Delivery0.00325% of Total Turnover
    Equity Intraday0.00325% of Total Turnover
    Equity Futures0.00325% of Total Turnover
    Equity Options0.00325% of Total Turnover
    Currency Futures0.00325% of Total Turnover
    Currency Options0.00325% of Total Turnover
    Commodity0.00325% of Total Turnover

    This is a rather important part in all of Profitmart charges. The company has a strict policy about these charges. So, the clients must pay these while executing any trade with the company. Most full service brokers have distinct requirements in this matter.

    In simple words, they charge the clients differently for different types of trade. However, Profitmart uniformly charges 0.00325% of total turnover for all trade types.

    This rate is applicable for Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and even Commodity based trading.

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    Profitmart Charges

    Profitmart charges come as a package of commission and certain taxes. This table explains the taxes applicable for different trades you commence with the company.

    Other Charges
    SEBI Turnover Charges0.0002% of Total Turnover
    STT0.0126% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)
    Margin Funding Charges18% + GST
    Reactivation ChargesRs.50 per Segment
    Account Closure ChargesZero
    Dematerialisation ChargesRs.44

    Profitmart’ other charges apart from brokerage include certain taxes. The first among these is the SEBI Turnover Charge. This is applied to the total turnover as generated by the traders. A rate of 0.0002% is imposed upon it. The second charge concerns STT. Even this is applied over the total turnover generated by clients.

    The rate at which it is imposed is 0.0126% nonetheless. Then comes the Stamp Duty. This is a negligible amount as compared to the rest. Moreover, it is a variable figure. It depends upon the state in which the transaction takes place.

    The company even incurs a GST worth 18% on the sum of total brokerage and transaction charges paid. All of margin funds can be availed worth 18% + GST of the amount.

    Rs.50 per segment must be paid in case of account reactivation. Moreover, an amount of Rs.44 is applicable as Dematerialization Charge. The company does not levy any Account Closure Charges nevertheless.

    Profitmart Charges – Conclusion

    This article tells you everything about Profitmart Charges. We’ve tried to elaborate each and every segment discreetly.

    In fact, we’ve even included the Profitmart Demat Charges, Trading Charges and other applicable charges. We can say that Profitmart does provide rather great services at a very affordable price plan.

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