The more you perceive investment in stock market is just as simple as purchasing consumer goods, they more research you are in need of. The barriers to earn good returns in stock market are many, and one among them is the Sumpoorna Portfolio Charges.
The Sumpoorna Portfolio Brokerage Charges are indeed a barrier, as you need to pay the amount out of your profit. Also, there are some other charges you need to pay at regular intervals such as demat and trading AMC. All such charges are mentioned in this article with a motive to educate our readers.
Sumpoorna Portfolio Brokerage Charges
The first kind of charge you need to figure out is the Sumpoorna Portfolio Brokerage.
|Equity Options||Rs.16 per Lot|
|Currency Options||Rs.10 per Lot|
|Flat Monthly Fees, if any||NA|
Based on the common perception of people, investors tend to choose a stock broker with low brokerage plans.
This is how the brokerage plans are important. So, considering Sumpoorna Portfolio Brokerage Charges structure, we have gathered all the charges in one place for you.
First mention should be of the Equity Delivery Trading as it is the most popular form of trading. It has a charge tag of 0.16% which is probably one of the lowest charges in the market.
The next charge is 0.02% and the same is directed for all Equity Intraday Trading, Equity Futures Trading, Currency Futures Trading and Commodity Trading.
The leftover segment is related to the option trading. Here, the Equity Options Trading has the charge rate of Rs.16 per lot, whereas the Currency Options Trading has the charges of Rs.10 per lot. The charge is based on lots because options are generally traded in lots.
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Sumpoorna Portfolio Account Opening Charges
Irrespective of the brokerage fee which arises out of transactions, there are some constant Sumpoorna Portfolio Account Opening Charges you need to pay.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.160|
|Demat AMC [Yearly]||Rs.160 per Annum|
|Margin Money||Minimum Rs.5,000|
|Brokerage Calculator||Sumpoorna Portfolio Brokerage Calculator|
|Margin Calculator||Sumpoorna Portfolio Margin Calculator|
Next set of items you need to know about are the Sumpoorna Portfolio AMC Charges. They are well defined and illustrated in the table given above. You need to pay a series of charge as AMC, once every year. On the contrary, the account opening charges are the one time payment obligations of the clients.
So, speaking of the Sumpoorna Portfolio Trading Charges for the first thing, you need to cater noting for both the account opening charges and also the AMC. The company has decided to waive off both the charges for the customer’s benefit.
Moving on, you need to stay accounted for the demat account charges as the company levies both opening charge as well as AMC for it. The demat account opening charge is Rs.160, however the AMC is Rs.160 per annum. The last account requirement is of margin balance, where you need to deposit Rs.5,000 as minimum balance.
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Sumpoorna Portfolio Transaction Charges
Successful transactions make up for profit, and successful or unsuccessful, you are obligated to pay Sumpoorna Portfolio Transaction Charges for each and every transaction.
|Transaction Charges 2019||0.00311%|
|Equity Options||0.075% (Premium only)|
|Currency Options||0.065% (Premium only)|
You need to keep tabs of the transaction Sumpoorna Portfolio Charges as well. It is because, no matter how tiny they are, they arise in each and every transaction you place. The charge is common for all the segments Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity.
So, the charge is 0.00311% and is taken on an individual basis, commonly for all the segment trading this company provides. Such a charge is taken on the total turnover of a particular trade, and make up to a pretty tiny amount.
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Sumpoorna Portfolio Other Charges
Last set of Sumpoorna Portfolio Charges you need to sort out are in relation with government as well.
|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.45 per Segment|
|Account Closure Charges||Zero|
Government has, like in any other domain, certain Sumpoorna Portfolio Other Charges to impose on the clients of the company. So, they have defined set of charges, which include the SEBI Turnover Charges, STT, Stamp Duty, GST. The charge percentage case scenario is present in the table above.
There are also, some other charges you will be expected to pay in certain special intervals. They are Reactivation charges of Rs.50 per Segment, closure charges of Rs.50 per Segment and dematerialization charges of Rs.44.
Sumpoorna Portfolio Charges – Conclusion
It is now up to you, where you are free to make a call and select this company as your stock broker. Have a strong hold of the company’s working structure and the Sumpoorna Portfolio Charges. This will let you find ways to constantly avoid loss situations.
Managing one’s expenses is necessary and staying accounted for each penny bridges the gap of making profit. The Sumpoorna Portfolio Demat Charges is one such expense you need to figure out. Soon, you will be earning substantial profits, and may as well experience heavy returns.
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