This article briefs you on all of Vachana Investments Charges incurred from traders. The list includes Vachana Investments Demat charges, other charges and even transaction charges.
Under the apt leadership of CA Rudra Murthy (a holder of five master degrees in the area of finance), Vachana investment broking firm has accomplished many things. For easy reference the charges are organized in three tables under specific categories. Categories are namely:
- Brokerage Charges
- Account Opening Charges
- Transaction Charges
- Other Charges
In short, the tables will update you with everything you must know about Vachana investments.
Vachana Investments Brokerage Charges
Each company has a well-planned thought behind the charges they imply on their services. The case isn’t any different with Vachana Investmentss. The table below enlists various services provided by Vachana Investment brokerage firm.
It even depicts the charges applicable for each of them. Anyway, without any more delay let’s infer from the table what Vachana investments has in its kitty to offer!
|Equity Options||Rs.25 per Lot|
|Currency Options||Rs.15 per Lot|
|Flat Monthly Fees, if any||NA|
Scrolling down the table gets us a bit worried about the Margin Money balance.
The table displays Rs.3,100 as the minimum required amount and, this rate is a bit on the higher end. Other than this, all broking charges seem to be as per the market standards.
In fact, some charges seem to be even lower than usual. Vachana Investments brokerage charges are laid out a bit differently. The broker seems to be exempting Demat AMC. Demat account allows the investors to hold and monitor the shares they buy.
But in contrast, a charge of Rs.299 is incurred for maintaining the Trading Accounts annually. This approach is not so common with its competitors. Equity Options and Currency Options Trading are charged at the rate of Rs.25 and Rs.15 per lot.
Equity Delivery trading transaction is incurred at a rate of 0.25%. Other services namely: Equity Intraday, Equity Futures, Currency Futures and Commodity Trading are charged at a unanimous rate of 0.03% individually.
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Vachana Investments Account Opening Charges
“Customized Service” is the slogan of Vachana Investment brokerage firm. It is worth praising Mr. Rudra Murthy for his excellent predictions. Mr. Rudra Murthy is the managing director of the firm and is highly qualified in all respects. He is a famous figure and probably a household name amongst traders.
He spoke at an online trade submit in 2019. In trading experienced players, middle players and fresher’s all unanimously hold high opinion for Vachana Investments. Vachana Investment is located in Bangalore and came into existence on 17th July 2013.
Account opening charges are used by many brokers to attract customers. Vachana seems to be following in the same footsteps. All of Vachana Investment account opening charges are listed below:
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Rs.299 per Annum|
|Demat Account Opening Charges [One Time]||Rs.100|
|Demat AMC [Yearly]||Free|
|Margin Money||Minimum Rs.3,100|
|Brokerage Calculator||Vachana Investments Brokerage Calculator|
|Margin Calculator||Vachana Investments Margin Calculator|
All traders are exempted from any kind of Vachana Investment Trading charges. Demat Accounts can however, be opened with a one time investment of Rs.100. All of Demat Accounts’ services can be enjoyed without paying any maintenance.
But, once an account is opened, Vachana Investmentss AMC charges for trading are levied at Rs.299 yearly. Even the Margin Balance is required at a whopping amount of Rs.3,100. Mediocre Margin balance is a strategy adopted by the broker to target profits.
However, this amount does not impact customers if the stocks are doing extremely well. Moreover, this amount becomes negligible if one is always surging in profits.
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Vachana Investments Transaction Charges
It is a private company and apparently new among other established firms. Vachana investment is a top player in the stock market and, it has several sub brokers working for it throughout the country. It’s the fastest growing stock broking investment management company.
It is a direct member of National Stock Exchange (NSE). It is even a depository participant of Central Depository Services Ltd (CDSL). Vachana has pioneered the concept of “Value Broking” in the stock broking industry.
Vachana Investments charges are neither too high nor too low. In other words, its charges are apt. But you don’t need to believe everything we say. That’s why we have all of Vachana Investmentss transaction charges along with relevant services right below:
|Transaction Charges 2019||0.00315%|
Transaction charges are additional to brokerages charges. These charges are applicable to all the transactions commenced by traders and, Vachana Investmentss charges 0.00315% for all the services as listed above.
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Vachana Investments Other Charges
All of our purchases have some amount incurred by the government as Tax. Even our stock trades are not exempted of it. Mind you these charges are consequently compensated by traders in the end. So, let’s dig in and find out how Vachana Investments charges taxes:
|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|
The aforementioned table shows different Vachana Investmentss other charges starting with SEBI. SEBI Turnover Charges are imposed as 0.0002% of total turnover. Securities Transaction Tax (STT) is levied at 0.0126 % of total turnover. Stamp duty is charged differently by each state.
Thus, it varies on a situational basis. However, it accounts for a very nominal amount on the whole. Next tax incurred by the government, is GST. It is levied at the rate of 18% of sum of brokerage plus transaction charges. On other hand, margin funding charges get 18% plus GST incursion.
Dematerialization is offered at a rate of Rs.44. One will be charged Rs.50 per segment if the account is put to a closure. This is in fact, an attractive reason to start trading Vachana Investments.
Another reason is the low Account Reactivation charge. This one is charged at Rs.50 per segment. Simply stating, Vachana investments has quite an impressive brokerage plan.
Vachana investments Charges – Conclusion
Within a short period, Vachana Investments has gained brilliant ratings from its customers. In fact, the rating chart is a proof of their excellent work. It says a lot about the company’s hard work and its approach towards traders.
Even sub brokers working with Vachana Investments appear satisfied with the revenue structure designed by them. To summarize, the article discusses in detail about all the possible Vachana Investmentss charges.
It talks about Vachana Investmentss Demat Charges and AMCs. Even the transaction and other charges are covered step wise to ease the reference. In short, anyone who wants to start an account should consider this firm amongst the top options.
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