The case scenario of making profits takes a lot more than just identifying a trade platform. There is a process you need to follow, firstly to be able to trade and then to retail the profits. The entire process of trading attracts Stewart & Mackertich Charges which affect your trading experience in a way or two.
The Stewart & Mackertich Brokerage Charges are taken by the company to serve you in a better way which is important. Also, the negative impact of such charges is the substantial decrease in profit estimate. The article lets you know about all such charges.
Stewart & Mackertich Brokerage Charges
Your hunt to know the Stewart & Mackertich Brokerage per segment wise will end in the following table.
|Equity Options||Rs.36 per Lot|
|Currency Options||Rs.36 per Lot|
|Flat Monthly Fees, if any||NA|
We wish to kick start the discussion of this company’s charge with the Stewart & Mackertich Brokerage Charges.
Brokerage charge is the prime charge you need to cater and so, investors are generally worried and on a look out for firm with lower brokerage charges.
For this company, 0.36% is the highest brokerage charge, as levied on Equity Delivery Traders. Next, there are this bunch of segment which has the same charge of 0.04%. The segments are Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading and Commodity Trading.
The remaining segments are related to options trading. so, if you wish to invest with the Equity Options Trading, you have to pay Rs.36 per lot. Currency Options Trading as well has the same Rs.36 per lot designated charge by the company.
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Stewart & Mackertich Account Opening Charges
The constant account related charges such as Stewart & Mackertich Account Opening Charges are mentioned below.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.250|
|Demat AMC [Yearly]||Rs.250 per Annum|
|Margin Money||Minimum Rs.5,100|
|Brokerage Calculator||Stewart & Mackertich Brokerage Calculator|
|Margin Calculator||Stewart & Mackertich Margin Calculator|
Choose to open an account with this company if you like the terms and conditions of this company. A demat and trading account is must for you to take on the journey of investment in stock market. However, they are like any other product offering and hence, have certain opening and Stewart & Mackertich AMC Charges.
Account opening charge is supposed to be a one time payment, which is payable at the time of account opening. The MC is contrarily recurring, where you have to make a once every year payment. Such charges generally vary from company to company, and Stewart & Mackertich Trading Charges are free from both opening and AMC.
The demat account charges are however applicable and payable for this company clients. You need to pay a small amount of Rs.250 as account opening. Then, you have to again pay Rs.250 thereafter every year, as AMC for demat account. The margin charge however is Rs.5,100.
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Stewart & Mackertich Transaction Charges
Trade in your own way and earn profit after paying out the frequent Stewart & Mackertich Transaction Charges.
Let us now discuss about another important Stewart & Mackertich Charges. They are necessary to pay, and also are frequent occurring in nature. We mean to say, they are to be paid on every transaction you commence, just like the name does the justice of illustrating.
The segments which fall under the charge list are Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity. They commonly have the charge of 0.00299% individually and need to be paid accordingly.
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Stewart & Mackertich Other Charges
Here are the other connected Stewart & Mackertich Charges, emerging out of company structure and also government imposition.
|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|
Government charges are pretty much the compulasory charge you need to cater. Companies are directed to charge such items and so it is included in Stewart & Mackertich Other Charges. If you generally check out the charges levied by government, they consist of SEBI Turnover Charges, STT, Stamp Duty, GST.
The number related to government charges are briefly mentioned in the table given above. Other than such charges, the other charges levied are margin funding charges of 18% + GST, reactivation charges of Rs.50 per segment and dematerialization charge of 0.0002% of Total Turnover.
Stewart & Mackertich Charges – Conclusion
It would be safe to declare the company has all the rightful intentions of serving their clients. If you would how, we would like to tell you their brokerage charges are pretty economic. Also, they waived off certain Stewart & Mackertich Charges relating to account opening and account maintenance.
If you are satisfied enough with the company, we would like to give you the sense of confidence. Choosing this company as your stock broker would be a great idea, given all the Stewart & Mackertich Demat Charges. Perform a brief study of the charges if you haven’t already and everything would make sense for you.
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