SMC Global Charges – Find Brokerage Charges, Account Opening Charges and more
This blog will provide you details regarding SMC global charges, their account opening charges, transaction charges, taxes and other special plans.
SMC global securities allow individuals to trade in all segments and it one of the leading stock market companies in India. Here, we have detailed about its brokerage charges and the other charges that levied by the government.
SMC Global Brokerage Charges
Below mentioned table gives information about SMC global brokerage charges:
|Elite||0.16% (Delivery) & 0.016% (Intraday, F&O)|
|Premia||0.20% (Delivery) & 0.02% (Intraday, F&O)|
|Prefered||0.30% (Delivery) & 0.03% (Intraday, F&O)|
|Lite||0.35% (Delivery) & 0.035% (Intraday, F&O)|
|Basic||0.40% (Delivery) & 0.04% (Intraday, F&O)|
This stock broker provides pretty flexible charge of brokerage, as there are 5 different options you can choose from. The base plan or the first slab is the BASIC PLAN, which has the lowest Margin amount of Less than 10,000 and highest brokerage slab of 0.40% ( Delivery) & 0.04% ( Intraday, F&O).
Moving on with the next plan, the brokerage is 0.35% ( Delivery) & 0.035% ( Intraday, F&O), whereas the margin amount is 10,000 & above, and referred to as the Lite plan.
You can see the brokerage slab in the table provided to you, while the margin amount is 25,000 & above for preferred plan, 50,000 & above for premia plan and 1,00,000 & above for the Elite plan.
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SMC Global Account Opening Charges
Get detailed about SMC global securities trading and demat account opening charges:
|Account Opening Charges|
|Trading Charges [One Time]||NIL|
|Trading AMC [Yearly]||NIL|
|Demat Charges [One Time]||Rs 499|
|Demat AMC [Yearly]||Rs 200|
In order to avail the trading services of SMC global, first clients need to Rs.499 as a demat account opening charges.
The trading annual maintenance charges are free and demat account opening charges are chargeable. All they need is to pay Rs. 200 as a demat accout maintenance charges. There is further insights you need to look into, where AMC is waived off for 1st year in the plans – basic, lite and preferred. As for the premia plan, your AMC will be waived off for 2 years, whereas for elite plan, it is 3 years.
The clients can start trading with Rs. 10,000 margin money.
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SMC Global Transaction Charges
Below is the list of SMC global transaction charges:
|Equity Delivery||0.0025 (%)|
|Equity Intraday||0.0025 (%)|
|Equity Futures||0.0029 (%)|
|Equity Options||0.065% (on premium)|
|Currency Futures||0.0029 (%)|
|Currency Options||0.065% (on premium)|
- The transaction charges for equity deloiver and equity intraday are 0.0025% respectively.
- The transaction charges for equity futures and currency futures are 0.00290% respectively.
- Transaction charges for currency futures and equity futures are 0.065% on premium only.
- The transaction charges for commodity is 0.0020%.
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SMC Global Securities Other Charges
This table gives you details about other charges of SMC global securities:
|SEBI Turnover Charges||0.00005% (Rs.5/Crore)|
|STT||Equity Delivery: 0.1% on both Buy and Sell|
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|Stamp Duty||(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||NA|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||NIL|
|Dematerialisation Charges||Rs 5 per certificate|
|Pledge Creation||Rs 60 per Instruction|
|Pledge Invocation||Rs 20 per Instruction|
|Margin Pledge/Unpledge/ Pledge closure||Rs 20 per Instruction|
|Margin Repledge||Rs 25 per ISIN|
SMC global securities 0.0002% of total turnover as SEBI turnover charges and STT charges are 0.0126% of total turnover. Stamp duty that apply on both buy and sell sides are lies between 0.00005%- 0.004% charges varies from state to state.
The GST charges are 18% of ( brokerage + transaction charges). The broking house charges 18%+ GST for margin funding.
Clients can close their account at zero cost and reactivate it by paying Rs. 20 per segment as a reactivation charges. The dematerialisation charges are Rs. 5/- per certificate.
SMC Global Brokerage Charges FAQs
Ques – Does SMC Global Charge Brokerage?
Answer – Yes, there is a brokerage charge attached with investing in any segment via the stock broking house – SMC Global. They have a fixed rate of brokerage for each segment and you need to check the respective rate before you choose a segment of investment.
Ques – What is SMC Global Brokerage Charges?
Answer – Beginning with the delivery segment, the charge is 0.20%%. On the other hand, the charge for intraday, futures and options is 0.02%%.
Ques – What is Intraday Brokerage of SMC Global?
Answer – There is a charge levied on the intraday segment, and is by far the lowest of all the other brokerage charges levied by the stock broker. 0.02%% is the precise brokerage charge for this segment, which would account to a fewer charge amount.
Ques – What other Charges levied by SMC Global?
Answer – Take a look at the other charges which are levied besides brokerage, as you must know where each and every penny you invest goes. So, the list goes as – SEBI Turnover Charges, STT, Stamp Duty, GST, Transaction charges, apart from other account related and petty charges.
Ques – Is SMC Global a discount broker?
Answer – No, SMC Global is not a discount broker and they belong to the hub of full service stock brokers who carry out a full fledged stock broking provision operation. They have all the products and services there are in the stock broking world, including research and advisory.
Ques – Does SMC Global have Free Delivery?
Answer – No, you cannot expect this facility from the stock broker as they have a fixed charge levied on the delivery segment. You have to pay the charge as taken by the stock broker, which is deducted from the total turnover of the transaction.
Ques – How much SMC Global Charge for Options?
Answer – The charges for both the options segments vary, and according to the structure, the charge for the Equity Options or the currency options segment is 0.04%
Ques – What are SMC Global Transaction Charges?
Answer – Transaction charge is as well levied on every transaction, irrespective of the segment traded and hence it is essential you look at the numbers. Here is how the charges go 0.0025% – Delivery and Intraday, 0.00290% – Equity Futures and Currency Futures, 0.065% (Premium only) – Equity Options and Currency Options, 0.00300% commodity.
Ques – What is the Demat AMC in SMC Global?
Answer – AMC is another necessary amount you need to view as it is an add on to your total charges, even though it is levied once every year. So, being the client of SMC Global you are obligated to pay the charge of Rs.399 once in a year as AMC.
Ques – Is SMC Global Brokerage Free?
Answer – No, there is no segment of investment provided by the stock broker which is free from brokerage and hence, we cannot say that the brokerage is free for SMC Global. In a way, you pay a charge for each and every segment, which differs in amount.
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