Wellworth Share Charges – Find Brokerage Charges, Account Opening Charges and more

We’ve planned on initiating with a small yet significant aspect of their business. We’re referring to Wellworth Share charges concerning brokerage and more. So, we’ll include Wellworth Share Demat charges, trading charges and even taxes within this article and, we’ll do so by inducing some explicitly designed tables.

Wellworth Share has built quite the stature over the years. They’re one of the few brokers graded by CRISIL. They provide financial advisory and investment services across multiple domains. The company has a pretty good network of branches. They even get one of the lowest complaints against them.

They have grown into a decent broker in all these years. And, one of the most valid reasons for their growth is their spread of branches. They have over 280 branches located within the nation. That’s all about their origin. And, now, let’s begin exploring about their brokerage.

Wellworth Share Brokerage Charges

We have a table enlisted right below this part. The table represents all the policies concerning Wellworth Share Brokerage. It defines the brokerage charges against the set of services rendered. Here’s how it goes:

Wellworth Share brokerage charges list begins with Equity Delivery Trading. The broker provides all services concerning this domain for a brokerage worth 0.21%.

The brokerage is levied every time a trade is commenced. The next set of brokerage rate is 0.02% and, it is valid for incursion over four distinctive services.

We’re referring to Equity Intraday, Commodity, Equity Futures and Currency Futures trading. The broker even incurs the same brokerage rate for two more services. We’re referring to Equity Options and Currency Options Trading. Each of these services is provided for a brokerage worth Rs.21 per lot.

The minimum required Margin Balance is worth Rs.1,000. That’s pretty justified considering other brokers. Anyway, there is no specific limit established over Minimum brokerage required. In fact, it totally depends on the percentage of transaction. The broker incurs a charge worth Rs.239 for Demat AMC. This is levied on an annual manner.

However, no charge is levied in terms of Trading AMC. We even have mentioned the link to Wellworth Share brokerage calculator. And, we recommend you use it to calculate the brokerage for your next trade rather accurately.

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Wellworth Share Account Opening Charges

Wellworth Share account opening charges make a great part of their whole business approach. We’ve enlisted all the relevant charges within the table below:

Wellworth Share trading charges are not incurred on their clients. The broker even provides the trading AMCs without any cost. This lets their clients use these services without any worries of having to pay even a single penny. However, the broker does levy certain charges while facilitating Demat activities.

The Demat charge worth Rs.239 is levied at the time of registration. This is supposed to be a one time payment. However, the same amount is required to be paid every year as Demat AMC.

Find Account Opening Charges of other Stock Brokers

Wellworth Share Transaction Charges

The table underneath represents Wellworth Share transaction charges. In fact, it is most accurate representation of the same. So, just go ahead and have a look at it:

Wellworth Share is exactly like any other broker in this matter. They charge the exact same set of charges for all sorts of transactions. As a matter of fact, their transaction charge is incurred at a fixed rate of 0.00313%.

It is incurred on all transaction under Currency Options, Currency Futures, Equity Futures, Equity Options, Equity Intraday, Equity Delivery and even Commodity.

Find Transaction Charges of other Brokers

Wellworth Share Other Charges

Every broker is made to pay certain taxes by the government. They incur these taxes upon their traders and investors. Even Wellworth Share charges these taxes as per the government’s requirement. The table below is a representation of the same.

These taxes are charged as mentioned within the table above and, they’re cumulatively called Wellworth Share other charges. The first tax in this matter is that called the SEBI Turnover Charges. These are charged at 0.0002% over the traders total turnover. Then comes the STT or Securities Transaction Tax.

This one is charged at 0.0126% over total turnover. For commodities, a tax called the CTT exists as well. This is known as Commodities Transaction Tax. Anyway, the third set of taxes is charged on behalf of Stamp Duty. This one is a variable charge and, it totally depends upon the state where the traders commence the trade.

Then we have the GST. This is charged at 18% and, it is charged on all brokerage and transaction charges. Even the Margin Funds are charged with 18% + GST. The broker does not levy any charges for Account Closure although, a pay of Rs.45 per segment is levied for Reactivation of the account.

Moreover, the broker even charges the traders with Rs.45 in terms of Dematerialization.

Wellworth Share Charges – Conclusion

We’ve mentioned all we have about Wellworth Share charges. We have enlisted Wellworth Share Demat charges and Trading charges. We’ve explained how Wellworth Share charges the taxes. And, we’ve even described about the broker’s policies on levying transaction charges.

Wellworth Share are an underrated broker. Perhaps one of the biggest reasons behind this is the lack of popularity they’ve gained. But we’d never want our readers to pass out on a great broker just because of that. That’s why we’ve come up with a plan. We plan on using this space to review the broker.

We’d love to tell you something about the broker’s origins before beginning. Wellworth Share is based out of Mumbai. In fact, they happen to have their headquarters in Mumbai as well. They were incorporated by Bhavesh Ramniklal Mehta in 1996. That makes the broker around 19 years old.

So, all we’re left to say is that you now have to choose whether you like the broker or not. We’d even be interested to know if you like the article or not.

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