This article is dedicated to educating you about Sunness Capital charges. Therefore, you may expect a detailed overview of Sunness Capital Brokerage Charges, trading Charges and all other relevant charges related to commencing trades with the company.
Sunness Capital is a Bangalore based financial advisory entity. The company was brought to life by Padmajypthi Shreesha in 2009 and, it’s been on the rise ever since. The company has a knack of following in the industry trends and, this can be easily comprehended by their duality of service provision.
Sunness Capital Brokerage Charges
Here is an exquisite representation of Sunness Capital brokerage charges.
|Equity Options||Rs.33 per Lot|
|Currency Options||Rs.23 per Lot|
|Flat Monthly Fees, if any||NA|
Sunness Capital charges their clients distinctively for the services they provide and, every little detail about it has been laid down within the table above.
As you can see, it consists of various charges including Sunness Capital brokerage charges for some services.
The company specifically has a set of four charge variations for different services. They charge 0.33% worth brokerage for Equity delivery Trading. A charge of 0.03% is levied for Equity Intraday, Equity Futures, Commodity and Currency Futures trading.
Equity Options trading services are made available at Rs.33 per lot and, Currency Options Trading services are being provided at Rs.23 per lot. The company does not limit any minimum brokerage per trade. However, the minimum Margin Money balance required for maintenance is Rs.13,000.
The clients are even subjected to Rs.333 per annum for the sake of Demat AMC. However, all services related to trading AMC is provided without any cost.
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Sunness Capital Account Opening Charges
Sunness Capital Account Opening charges are a subject to varying parameters. We’ve a complete list of these charges inscribed within the table below.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Rs.250|
|Demat AMC [Yearly]||Rs.333 per Annum|
|Margin Money||Minimum Rs.13,000|
|Brokerage Calculator||Sunness Capital Brokerage Calculator|
|Margin Calculator||Sunness Capital Margin Calculator|
Sunness Capital grants reasonable quality of services to their clients. However, they do not tend to provide many of these for free.
In fact, Sunness Capital Trading AMC is the only service they grant without any charge. You must pay them Rs.254 as Sunness Capital Trading charge.
Sunness Capital charge is levied at Rs.250 as well. Both these charges are a one time engagement. However, Sunness Capital AMC must be paid annually.
The company levies an amount worth Rs.333 for this matter. Moreover, the Margin Money required for enjoying their trade exposure services is limited to Rs.13,000.
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Sunness Capital Transaction Charges
The broking house works with multple exchanges such as NSE, BSE, NCDEX, MCX and CDSL respectively. We’ll use this article to reveal all the charges Sunness Capital incurs on their clients while providing brokerage and advisory facilities.
Sunness Capital Transaction Charges remain pretty much the same for all of their services and, we’ve provided a detailed description within the table below.
|Transaction Charges 2019||0.00323%|
|Equity Options||0.065% (Premium only)|
|Currency Options||0.065% (Premium only)|
Sunness Capital charges in terms of transaction are levied at a unified front. If you take a proper look at the table above, you’ll easily understand that they do not incur transaction charges differently. In fact, all of their transaction charges for varying services require the exact same payment.
The company charges an amount worth 0.00323% as transaction charge for all of its services. And, by all we mean, Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options and even Commodity Trading.
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Sunness Capital Other Charges
There are certain Sunness Capital charges that do not correspond to the brokerage. In fact, these charges are imposed on behalf of the government and, each of these charges is levied on a varied parameter.
|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.50 per Segment|
|Account Closure Charges||Zero|
Sunness Capital other charges, as mentioned earlier, correspond to the taxes that government condemns the broker to impose and, these charges are levied in addition to the usual brokerage. To begin with, you may consider the SEBI Turnover Charges. These charges are levied at a rate of 0.0002% of total turnover generated by the traders.
Then, we have the STT. This is particularly known as the Securities Transaction Tax and, it is perhaps the most relevant tax of all. Anyway, it is charged at 0.0126% of total turnover. We have Stamp Duty in the third position. This is charged as per the state laws, although, you must acknowledged that this is way less than any other charges.
The clients are even subjected to paying GST. The rate for this tax is limited at 18% over the sum of total brokerage and transaction charges. In fact, even the Margin Funding is subjected to 18% + GST.
We’re referring to Account Closure Charges, Account Reactivation Charges and Dematerialization Charges respectively. These are levied at Rs.55 per segment, Rs.50 per segment and Rs.60 respectively.
Sunness Capital Charges – Conclusion
Now, that you know all about Sunness Capital charges including Sunness Capital Demat charges and other relevant taxes, you must take a decision.
This decision must be all about your understanding of the company’s brokerage policies. Anyway, it shouldn’t be much hard, now that you’re well aware of them all.
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