Make your call and fix a stock broker you wish to get associated with. It you have ideas of making a move with the SPFL Securities, or have this company as one of your choices, you need to take a look at the SPFL Securities Charges. We have illustrated all the charges, including the SPFL Securities Brokerage Charges here, for your reference.
You can consider this article to know the percentage of charge you will pay or simply as a basis of comparison. We have precisely gathered all the possible charges and clearly classified them in brief tables. All the table are easy to understand, and consist of the information you are on a look out for.
SPFL Securities Brokerage Charges
Jolt the possible SPFL Securities Brokerage charge you need to pay per segment.
|Equity Options||Rs.36 per Lot|
|Currency Options||Rs.36 per Lot|
|Flat Monthly Fees, if any||NA|
The charges levied by this stock broking house is fixed, and as per the asset class you choose to invest, you need to make the charge payment.
Before we discuss the percentage charge of all the segments individually, we wish to let you know we have a special brokerage tool constructed for you.
For better and added benefits, we have constructed the tool. It gives you a definite idea of the charges you need to pay for each transaction, so you make a profitable one. Travelling back to the SPFL Securities Brokerage Charges list, the Equity Delivery Trading has the highest charges of 0.36%.
The next and the same charged segments are Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading and Commodity Trading. They commonly have a charge of 0.04%. Then we have the last categorized asset classes, Equity Options Trading Currency Options Trading. Both of them have the same Rs.36 per Lot charge.
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SPFL Securities Account Opening Charges
The following table has all the marked SPFL Securities Account Opening Charges for both demat and trading accounts.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Rs.150 per Annum|
|Demat Account Opening Charges [One Time]||Free|
|Demat AMC [Yearly]||Rs.360 per Annum|
|Margin Money||Minimum Rs.7,000|
|Brokerage Calculator||SPFL Securities Brokerage Calculator|
|Margin Calculator||SPFL Securities Margin Calculator|
Accounts are the pathway to a successfully trading experience. Like any other products, both the demat and trading accounts have designation price of purchase and also maintenance fee. So, the first charge you will encounter is the account opening charge. It is a one time charge you owe to the company for availing its services.
SPFL Securities Trading Charges and demat charges for account opening are nil. So, you do not need to pay a penny while signing up for their accounts. Taking it forward to the SPFL Securities AMC Charges, you need to pay Rs.150 per annum for the trading account services.
The demat account services would cost you around Rs.360 per annum. Both the amounts are nominal and hence, do not make up to a very big deduction on profit earning capacity.
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SPFL Securities Transaction Charges
There are these SPFL Securities Transaction Charges, which are taken on every trade.
|Transaction Charges 2019||0.00312%|
Each and every trade you make attracts specific SPFL Securities Charges. One among them is the transaction charges, which accounts up to a pretty tiny part of the entire charge list. All the segments namely Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity has designated charges.
In whatsoever segment you invest, you have to likewise pay a charge of 0.00312%. It is to be paid as per each of the segment’s individual investment. Our brokerage calculator has this charge embedded into as well.
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SPFL Securities Other Charges
The final charges you cannot dodge are the SPFL Securities Charges, as briefed in the table 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.55 per Segment|
|Account Closure Charges||Rs.50 per Segment|
Last set of charges are the government and some tiny other charges. The tiny charges are related to the times when you close or reactivate your account. So, the SPFL Securities Other Charges are Reactivation charges of Rs.50 per segment and Dematerialization charges of Rs.53.
On the part of government charges, you have to pay SEBI Turnover Charges, STT, Stamp Duty, GST. They are same as for other companies, as the percentage is fixed by the government. Lastly, if you ever avail for the Margin funding charges, you have to pay a charge of 18% + GST.
SPFL Securities Charges – Conclusion
You can choose to avail the services you want and SPFL Securities Charges shall be levied accordingly. We made the basic outline of all the SPFL Securities Demat Charges in the article, following which the charges will levy on your account.
Some of the charges are compulsory, while the other are based on the services you opt for. Also, the company will convey all the compulsory charge to you at the time of contract formation, and if not, make sure you ask for the briefed list. Rest assured, you can use our calculator to make the charge commutation easy.
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