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 Options||Rs.70 per lot|
|Currency Options||Rs.20 per lot|
|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|
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 Options||0.065% (Premium only)|
|Currency Options||0.065% (Premium only)|
- 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.
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 0.3000%. On the other hand, the charge for intraday, equity futures and Currency Futures is 0.0300%. The equity options brokerage is Rs.70 per lot, whereas currency options brokerage is Rs.20 per lot.
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. 0.0300% 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 segment is Rs.70 per lot. On the other hand, the brokerage for the Currency Options is Rs.20 per lot.
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 0.00350% – 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.300 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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