Wisdom Capital Charges – Find Brokerage Charges, Account Opening Charges & more

Let us come down, directly to the main objective of this article. We’ll review Wisdom Capital Charges in it. We will brief you about Wisdom Capital Brokerage Charges. We will tell you about the way in which they incur Trading Charges.

We’ll then move on to tell you about their Transaction Charges which are one of the lowest in the industry. Finally we’ll elaborate the taxes they levy on behalf of the government.

This article concerns basically about Wisdom Capital, a really famous discount broker. The company marks its presence through a network of over 250 franchises.

However, it is mainly known for the trade exposure it grants. In fact, it grants one of the highest trade exposures in the entire industry. It allows the exposure of up to 40x on some trade types for its clients. Moreover, it even allows great discounts on the overall brokerage.

Wisdom Capital

Wisdom Capital Brokerage Charges

Wisdom Capital brokerage plans are developed in a way that they provide the maximum benefits to their clients. We have marked the details of all such charges underneath.

Brokerage Charges
Equity Delivery Trading0.01%
Equity Intraday Trading0.01%
Equity Futures Trading0.01%
Equity Options TradingRs.15 per lot
Currency Futures Trading0.01%
Currency Options TradingRs.15 per lot
Commodity Trading0.01%
Minimum Brokerage0.007% of total transaction
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyZero Margin
Brokerage CalculatorWisdon Capital Brokerage Calculator

The table enlisting Wisdom Capital Brokerage charges starts by displaying the value for Equity Delivery Trading charges. These charges are levied on similar terms as Equity Intraday, Equity Futures, Currency Futures and Commodity Trading services.

The rate of brokerage for all of the aforementioned services is worth 0.01%. The brokerage is charged every time one commences a trade.Their brokerage value for Equity Options and Currency Options trading is limited to Rs.15 per lot. These do not concern the individual value of the lots nonetheless.

The company does offer great discounts on its brokerage values. However, the minimum value of brokerage has to be maintained at 0.007% per transaction. The company does not levy any charges for its Demat or Trading AMC. It even does not require its clients to maintain any Margin Money either.

Open Demat Account with Wisdom Capital – Fill up the Form Now!

Fill Your Details Here
  1. Open Demat Account

Wisdom Capital Account Opening Charges

Wisdom Capital Account Opening Charges relate to the times when one gets registered to trade with the company. These charges are enlisted in a detailed manner underneath.

Account Opening Charges
Trading Charges [One Time]Free
Trading AMC [Yearly]Free
Demat Charges [One Time]Rs.999
Demat AMC [Yearly]Free
Margin MoneyZero Margin

Wisdom Capital trading charges, which are otherwise supposed to be a one time matter is totally free. In fact, the company even allows their clients to use all the platforms that come with this account. Moreover, the clients get to access the Trading Accounts without any Wisdom Capital AMC. The even do not have to pay an AMC for using Demat Accounts.

However, the Demat Account opening charges are levied at Rs.999. This is a one time fee. Thus, the clients can actually relax after paying off this charge and, they even do not need to worry about any Margin Money balance either. This is because the company has no specific rules regarding this.

Wisdom Capital Transaction Charges

Wisdom Capital Transaction Charges are a part of their overall brokerage. These charges serve well to their reference. This means that they are charged only during the transactions made by their clients. We have enlisted these charges to the bottom of the table underneath.

Transaction Charges
Equity Delivery0.00297% of Total Turnover
Equity Intraday0.00297% of Total Turnover
Equity Futures0.00297% of Total Turnover
Equity Options0.00297% of Total Turnover
Currency Futures0.00297% of Total Turnover
Currency Options0.00297% of Total Turnover
Commodity0.00297% of Total Turnover

Wisdom Capital is not that different from its competitors. That’s why Wisdom Capital chargestheir clients uniformly in terms of transaction charges. These charges are levied every time one of their clients transacts.

The usual rate that they charge for this is limited to 0.00297%. This is charged on the overall turnover generated by the clients. This is one of the lowest within the entire stock broking industry.

Other Charges As Levied By Wisdom Capital

We have enlisted all of Wisdom Capital charges in terms of the additional taxes they impose on their clients within the table underneath. Please take a quick look at it for better understanding.

Other Charges
SEBI Turnover Charges0.0007% of Total Turnover
STT0.0112% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)
Margin Funding Charges18% + GST
Reactivation ChargesRs.55 per Segment
Account Closure ChargesRs.50 per Segment
Dematerialisation ChargesRs.44

The government has several norms established for brokerage houses. These norms include derivation of certain taxes by the houses on behalf of the government itself. Wisdom Capital other charges consist of these tax impositions. You can get a detailed knowledge of them all by simply taking a glance at the table above.

So, you may observe that a tax called the SEBI Turnover Charge occupies the top most position of the table. This tax is imposed at arate of 0.0007% by the company. The company then imposes a tax known as the Securities Transaction Tax. This STT is levied at 0.0112% of total turnover.

The company is bound to levy a GST as all other brokerage houses. The amount for it is same as well. It is levied at 18% over the sum of brokerage and transaction charges together.

The fifth slot within the table is occupied by the Margin Funding Charges. These are imposed at 18% + GST. Now let’s talk about the Stamp Duty, which comes at the end of all. This is a variable tax and, it is charged as per the state laws wherever the trade occurs.

The company even levies a Reactivation Charge worth Rs.55 per segment and Account Closure Charge worth Rs.50 per segment. Lastly, they impose a charge of Rs.44 as Dematerialization charge.

Wisdom Capital Charges – Conclusion

We have dedicated this article to all of Wisdom Capital Charges. We have discussed about how Wisdom Capital Demat Charges and Trading Charges are imposed.

We’ve told you about the company’s policies towards granting discounts and, we’ve even tried to clarify the rates at which the taxes are imposed. We’ve done our job. Now it’s time for you to decide if you want to roll in with the company.

Open Demat Account with Wisdom Capital – Fill up the Form Now!

Fill Your Details Here
  1. Open Demat Account

Most Read Articles

Discount Broker ReviewBest Discount Broker in India
Full Service Broker ReviewTop 10 Stock Brokers in India
Top Brokers in IndiaBest Full Service Broker in India
Best Demat AccountMargin Calculators
Brokerage CalculatorBest Mobile Trading Apps
Sub Broker FranchiseUpcoming IPOs
Broking FranchiseeBest Trading Platforms

Leave a Reply

Your email address will not be published. Required fields are marked *

Get 90% Discount on Brokerage Now! Open Demat Account

Share your details & Become Sub Broker Now!

  1. Become Sub Broker

Offer valid for limited time.


Share your details & Open Demat A/C Now!

  1. Open Demat Account

Offer valid for limited time.


Share your details & Get IPO Allotment Now!

  1. Invest in IPO

Offer valid for limited time.


Share your details & Invest in PMS Now!

  1. Invest in PMS / PCG

Offer valid for limited time.