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:
| Brokerage Charges of 2019 | |
| Equity Delivery | 0.3000% |
| Equity Intraday | 0.0300% |
| Equity Futures | 0.0300% |
| Equity Options | Rs.70 per lot |
| Currency Futures | 0.0300% |
| Currency Options | Rs.20 per lot |
| Commodity | NA |
| Flat Monthly Fees, if any | NA |
The clients who would like to trade in equity deliver for 0.30% & for equity intraday, equity futures and currency futures are 0.0300% as a brokerage charges. The brokerage charges for equity options Rs. 70 per lot and for currency options Rs. 20 per lot.
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SMC Global Account Opening Charges
Get detailed about SMC global securities trading and demat account opening charges:
| Account Opening Charges of 2019 | |
| Account Processing Charges | Nil |
| Trading Account Opening Charges [One Time] | Rs 1000 |
| Trading AMC or Annual Maintenance Charges [Yearly] | Nil |
| Demat Account Opening Charges [One Time] | Nil |
| Demat AMC or Account Annual Maintenance Charges [Yearly] | Rs 300 |
| Margin Money | Rs.10,000 |
In order to avail the trading services of SMC global, first clients need to Rs.1000 as a trading account opening charges.
The trading annual maintenance charges and demat account opening charges are completely free. All they need is to pay Rs. 300 as a demat accout maintenance charges.
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:
| Transaction Charges 2019 | |
| Equity Delivery | 0.00350% |
| Equity Intraday | 0.00350% |
| Equity Futures | 0.00290% |
| Equity Options | 0.065% (Premium only) |
| Currency Futures | 0.00290% |
| Currency Options | 0.065% (Premium only) |
| Commodity | 0.00300% |
- The transaction charges for equity deloiver and equity intraday are 0.00350% 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 0.00300%.
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SMC Global Securities Other Charges
This table gives you details about other charges of SMC global securities:
| Other Charges 2019 | |
| 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.75 per Segment |
| Account Closure Charges | Zero |
| Dematerialisation Charges | Rs 5/- per certificate |
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 0.002%- 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. per segment as a reactivation charges. The dematerialisation charges are Rs. 5/- per certificate.
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