You can choose SKung Tradelink as your broker, to invest in all kind of assets classes and make some funds. But, it however is not as easy as it sounds. There are a lot of barrier which arise in between your profit, and one among it is the Skung Tradelink Charges.
A bunch of charges make up the process of trading, which also includes Skung Tradelink Brokerage Charges. We have marked all the charges you are likely to encounter along your trading journey, and served it out in this article. Make sure you refer to all such charges if you are into trading.
Skung Tradelink Brokerage Charges
Make sure you are well accustomed with the Skung Tradelink Brokerage charges for each and every segment you invested in.
|Equity Options||Rs.28 per Lot|
|Currency Options||Rs.18 per Lot|
|Flat Monthly Fees, if any||NA|
There are a lot of trading segments provided in the stock market industry, by all the stock brokers.
Skung Tradelink also has a pretty defined line up of assets classes for it esteemed customers. Unfortunately, this stock broker does not have provisions for Commodity Trading.
Irrespective of the asset class you opt to invest in, you have to pay Skung Tradelink Brokerage Charges for all of them. The percentage charge are distinguished as per the risk profile of the asset class in concern. The first and foremost asset class – Equity Delivery Trading, has the highest charge rate of 0.28%.
Following are the next bunch of asset classes Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading. All of these classes have a common charge of 0.03%. At the end stays the Option segment, where Equity Options Trading has Rs.28 per Lot charge and Currency Options Trading has Rs.18 per Lot charge.
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Skung Tradelink Account Opening Charges
The Skung Tradelink Account Opening Charges related to both the demat and trading account are discussed below.
|Trading Account Opening Charges [One Time]||Rs.250|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Free|
|Demat AMC [Yearly]||Rs.300 per Annum|
|Margin Money||Zero Margin|
|Brokerage Calculator||Skung Tradelink Brokerage Calculator|
|Margin Calculator||Skung Tradelink Margin Calculator|
Open an account at your convenience with this company and certain set of charges would be applicable. These charges are applicable just like any other stock broking company; however vary in ways the company has set its structure.
Starting with the Skung Tradelink Trading Charges, the first requirement is account opening charge, which is waived off. The second AMC is as well waived off by the company so the customers can be at ease. Moving on to the Skung Tradelink AMC Charges of the demat account.
You do not need to cater any kind of account opening charge for the demat account, but, on the contrary, have to provide an AMC. AMC is generally paid once every year, and this company requires you to pay Rs.300 per annum.
Furthermore, there are no margin requirements, i.e. your account will stay functional even though you have nil funds in it.
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Skung Tradelink Transaction Charges
Here is the frequently occurring Skung Tradelink Transaction Charges information.
This is a charge which is likely to occur in every other transaction you are deemed to undertake. Every trade order that you pay, is subject to this Skung Tradelink Charges. They are often levied as per individual segments, but are common for all the segments.
So invest in one or more asset classes from Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity, and you have to pay a charge of 0.00300% for each of the asset class. Try commuting the percentage to determine the tiny portion of profit it takes up.
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Skung Tradelink Other Charges
Final bunch of Skung Tradelink Charges you need to pay per transaction are illustrated 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|
Jumping onto the last set of charges, we have the Skung Tradelink Other Charges. There are certain government charges you need to cater. They comprise of the charges – SEBI Turnover Charges, STT, Stamp Duty, GST and are generally fixed by the government.
The company is directed to deduct the particular percentages, and the individual clients need to pay it. Lastly the other minute charges you may have to pay are at the time of reactivating your account. The reactivation charges are Rs.45 per segment and the last charge is Dematerialization charges of Rs.45.
Skung Tradelink Charges – Conclusion
Adjoining all the Skung Tradelink Charges in the end, your profit will take a turn. Not that you have a lot to worry about, if you have the knowledge about the Skung Tradelink Demat Charges and ways to cope up with it, you are almost there.
Check out all the services you availed for and determine the fee you need to pay. You can choose an easy method to determine the charges of a transaction, our brokerage calculator. Link to the brokerage calculator is given in this article, and the tool does the commutation part for you.
Open Demat Account with Skung Tradelink – Fill up the Form Now!
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