If you have plans to enter the stock market investment genre, charges are among the things you need to check out. This article is in line with the SHCIL Services Charges, if you opt for this particular company’s services. We have done the part of research for you, and present all types of charges in one place.
Brokerage is the first and prime consideration among the SHCIL Services Brokerage Charges. It however is not all, as there are a lot of other charges you need to pay. You are obligated to pay the charges, no matter how tiny or how massive they are.
SHCIL Services Brokerage Charges
The following table mentions the SHCIL Services Brokerage as per individual segment.
|Equity Delivery||0.1% – 0.2%|
|Equity Intraday||0.01% – 0.02%|
|Equity Futures||0.01% – 0.02%|
|Equity Options||Rs.10 – Rs.20 per Lot|
|Currency Futures||0.01% – 0.02%|
|Currency Options||Rs.10 – Rs.20 per Lot|
|Flat Monthly Fees, if any||NA|
You must take a leap into the SHCIL Services Brokerage Charges for the first thing. They are a deduction from your profit margin and hence need to be figured out.
Huge sums of such profits bring down the profit earning potential and hence, investors choose a company which has lowered charges.
This company has ranging charges, for all the segments. The highest of all charges is given to the Equity Delivery trading of 0.1% – 0.2%. The following segments, i.e. the Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading commonly have 0.01% – 0.02% charge.
Unfortunately the company does not provide commodity trading facility for now. However, the Equity Options Trading and Currency Options Trading commonly have a charge of Rs.10 – Rs.20 per Lot each. The ranging percentage is your flexibility where you have a provision of availing for tailored services, as per your personal choice.
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SHCIL Services Account Opening Charges
Owning a demat or a trading account with this company attracts the following SHCIL Services Account Opening Charges.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC Charges [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.399|
|Demat AMC Charges [Yearly]||Rs.229 per Annum|
|Margin Money||Minimum Rs.5,000|
|Brokerage Calculator||SHCIL Services Brokerage Calculator|
|Margin Calculator||SHCIL Services Margin Calculator|
To start the fun of stock market investment and also make some remarkable profits, you have to get a demat and trading account in the first place. If you aren’t aware of yet, there are two types of charges in connection with both the accounts. The first one is an account opening charge, whereas the second one is SHCIL Services AMC Charges.
Account opening charge is paid once, only at the time of opening an account, where AMC or account maintenance charge is paid on a yearly basis. Starting with the SHCIL Services Trading Charges, the opening charge is Rs.299, which is industry average.
The AMC on the other hand, is free, so one time payment will be your end of trading charge payment obligation. The demat account charge is Rs.399 which should be paid at the time of account opening. AMC however is Rs.299 per annum. Also, investors need to maintains a small amount of Rs.5,000 in their account at all times.
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SHCIL Services Transaction Charges
Minute SHCIL Services Transaction Charges are levied on every order you place, and are provided to you as per individual segments.
|Transaction Charges 2019||0.00269%|
Third set of charges we need to discuss are the transaction SHCIL Services Charges. They are levied on the total turnover of each and every transaction you commence. The generally followed pattern by all the stock brokers is to have the same percentage for all the trading segments.
Likewise, SHCIL Services has as well put up the common charge of 0.00269% for all the segments namely Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading, Currency Options, Equity Option or commodity. They result to a pretty tiny amount, but do add up on each of the transaction you undertake.
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SHCIL Services Other Charges
Final set of SHCIL Services Charges you need to have sorted as the government charges, and other petty 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.55 per Segment|
|Account Closure Charges||Rs.50 per Segment|
Last set of charge you need to be aware of are the SHCIL Services Other Charges, which comprise of the government charges and other odd company related charges. The other charges of company are Reactivation charges of Rs.45 per segment, and dematerialization of Rs.45. account closure charge is waived off.
Next, you have the bunch of government charges, which comprise of SEBI Turnover Charges, STT, Stamp Duty and GST. They are generally defined by the government and so, are applicable for all stock brokers at the same amount.
SHCIL Services Charges – Conclusion
You now know all the possible charges you might have to pay. The SHCIL Services Charges comprise of a lot of compulsory charges, while the others are designated as per the service you avail for. No matter what the circumstances are, the company will convey all the SHCIL Services Demat Charges to you in advance.
However, being accounted for it prior will help you make the best decision, with such vast alternatives existing in market. This will help you choose the best outcome, and also earn great profits with suppressed expense list.
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