This article indicates to nothing but the process that dictates Sytematix Shares charges. This article will guide in the fields of Systematix Shares Demat charges, Trading charges and more. It’ll even help you to understand the rate at which these charges are levied.
Moreover, we’ve infused the article with briefs about certain taxes. We’re referring to the taxes that are levied on behalf of the government. In short, this article will serve as a review of Systematix Shares brokerage charges imposing criteria.
Systematix Shares Brokerage Charges
The first section within this article tells you about Systematix Shares brokerage. We’ve incorporated a table below with some basic data about the company’s brokerage. Also, you may refer to the explanation below as well for better insight.
|Equity Options||Rs.35 per Lot|
|Currency Options||Rs.15 per Lot|
|Flat Monthly Fees, if any||NA|
The table above briefs about Systematix Shares brokerage charges. The company provides all services related to stock broking and advisory.
This includes, Equity Intraday, Equity Futures, Currency Futures and Commodity Trading. All services pertaining to these four segments are provided at 0.04% per transaction.
The company even has services related to Equity Delivery Trading. These services are provided for 0.35% per transaction. Services related to Equity Options and Currency Options are provided by Systematix Shares as well. These services require a brokerage worth Rs.35 and Rs.15 per lot respectively.
There is no specific limitation to the lowest required brokerage per transaction. This basically indicates to the fact that the traders may trade in any value whatsoever.They do not even force their clients to pay for Trading AMC. The Demat AMC does not come free of charge however. In fact, the company levies a sum of Rs.250 every year for this.
The clients are even required to maintain a minimum Margin Money Balance. The company set limit in this matter is worth Rs.5,100. We have presented you with the base rates at which the brokerage is applied.
However, it’ll be better for you to consider using Systematix Shares Brokerage Calculator during the times you need exact calculations pertaining to brokerage value.
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Systematix Shares Account Opening Charges
The company is rooted within the ideology of serving traders with the best possible advisory and research facilities. This business principal is derived from its founder Chandra Prakash Khandelwal’s philosophy.
With merely 7 branches, the company usually seems like a minor one. That, however, is not true. Actually, the reason for the company to have limited branches relates to the proficiency of its staff. In fact, you might be surprised to know they tend to over 50,000 clients.
As far as Systematix Shares Account Opening charges are concerned, we’ve got a table for you right 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||Systematix Shares Brokerage Calculator|
|Margin Calculator||Systematix Shares Margin Calculator|
The table above initiates with Systematix Shares trading charges. The second row however, is dedicated to Trading AMC charges and, it’s very much visible that these services are provided for free by the company. The clients do need to pay for Demat Account opening and AMC nonetheless.
The applicable charges for these two are Rs.250 and Rs.250 per year. The company provides regarding trade exposure as well. However, they have certain rules for the clients to tap into these services. We’re referring to the minimum Margin Money limit and, this is levied at Rs.15,000 at the very least.
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Systematix Shares Transaction Charges
We’ve already told you about Systematix Shares account charges. Now, it’s time that we let you know Systematix Shares Transaction Charges and, the table below is meant to serve that exact purpose.
|Transaction Charges 2019||0.00299%|
You’ve learned about a lot of different Systematix Shares charges. The list includes their brokerage and account opening to be precise. So, it’s high time now to learn about Systematix Shares Transaction Charges.
Now, these charges are levied post every transaction with the company and, the company never puts a discount on their rate of charging these. However, to make things simpler, they do charge the transaction charges at uniform rate. This means that the rate of Transaction Charge for availing any brokerage service remains the same.
In short, the transaction rate for Equity Options, Equity Futures, Currency Options, Currency Futures, Equity Delivery, Equity Intraday, and Commodity trading is levied at the same rate. The company limits this rate at 0.00299%.
Now, we’ve told you that Systematix does not waive discounts on these. However, the rate is amongst some of the lowest in the industry.
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Systematix Shares Other Charges
There are some other incursions that fall under Systematix Shares charges beyond brokerage. We’re talking about the taxes required by the government bodies. In fact, we’ve got an entire list about them right 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|
As indicated above, Systematix Shares other charges mostly include taxes. But that’s not the entire list. You see, the company even levies some charges for permitting the use of their platforms and, everything is mentioned within the table above. The table initiates stating the rate for SEBI Turnover Charge incursion.
This one is incurred at a rate of 0.0002% over Total Turnover. Following the rhythm, we have STT incursion rate up next. The table indicates a rate of 0.0126% over total turnover for this. The Stamp Duty incursion rate is inscribed in the third position. This is a variable charge depending upon the state norms.
However, it is a negligible one as well considering the usual rates at which it’s charged. The company levies a GST over transactions too. It’s levied at 18% over the sum of brokerage and transaction charges together. Even the Margin Funding is charged with 18% + GST.
These five rows conclude the tax incursions by Systematix. The next three concern the use of their properties. They charge Rs.50 per segment for Reactivation. For Dematerialization, they charge Rs.65. They do not charge a penny for Account Closure nonetheless.
Systematix Shares Charges – Conclusion
Systematix Shares charges clients at a varying rate as concerned to the purposes and, they’re right in doing so considering the quality of services they grant.
However, we prefer being the informant of the facts only. Therefore, it’s totally upto you to decide if you want them to be your brokerage firm.
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