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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 Trading 0.01%
Equity Intraday Trading 0.01%
Equity Futures Trading Rs 9 Per Order
Equity Options Trading Rs 9 Per Order
Currency Futures Trading Rs 9 Per Order
Currency Options Trading Rs 9 Per Order
Commodity Trading Rs 9 Per Order
Minimum Brokerage 0.007% of total transaction
Demat AMC Charges Free
Trading AMC Charges Free
Margin Money Zero Margin
Brokerage Calculator Wisdon Capital Brokerage Calculator

The table enlisting Wisdom Capital Brokerage charges, precisely in context with the Wisdom Capital Pro Plan.

These charges are levied on similar terms for Equity Intraday and delivery and for the second category there are Equity Futures, Equity Options, Currency Options, Currency Futures and Commodity Trading services.

The rate of brokerage for all of the aforementioned services is worth 0.01% for intraday and delivery. The brokerage is charged every time one commences a trade. Their brokerage value for Equity Futures, Equity Options, Currency Options, Currency Futures and Commodity Trading services is R 9 per order.

The company does offer great discounts on its brokerage values. 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. Further, there are two more plans this stock broking company offers.

Brokerage Plan Freedom Plan Ultimate Plan
Equity Delivery Zero 0.02%
Equity Intraday Zero 0.02%
Equity Futures Zero 0.005%
Equity Options Zero Rs.15 per lot
Currency Futures Zero 0.005%
Currency Options Zero Rs.15 per lot
Commodity Zero NA

Wisdom Capital Freedom Plan

If you are in search for the most competitive plan out there, this plan would grab your attention. Irrespective of which segment you choose to invest in, you will not be charged any fee under this scheme.

Also, if you wonder about any hidden charges as such, there are none, and the company guarantees brokerage free trades.

Wisdom Capital Ultimate Plan

So, here is the plan for the pros, who are in need of high exposure and advanced tools. This plan offers the best of everything and you can them all for each of the segment. The ultimate plan provides trading in Intraday and delivery at 0.02%.

You can trade in equity options and currency options for just Rs.15 per lot. Brokerage for the futures segments is 0.005%, while trading in commodity is not available here.

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    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 Money Zero 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.

    Find Account Opening Charges of other Stock Brokers

    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 Delivery 0.00297% of Total Turnover
    Equity Intraday 0.00297% of Total Turnover
    Equity Futures 0.00297% of Total Turnover
    Equity Options 0.00297% of Total Turnover
    Currency Futures 0.00297% of Total Turnover
    Currency Options 0.00297% of Total Turnover
    Commodity 0.00297% 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.

    Find Transaction Charges of other Brokers

    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 Charges 0.0007% of Total Turnover
    STT 0.0112% of Total Turnover
    Stamp Duty Depends on State (very minimal)
    GST 18% of (Brokerage + Transaction Charges)
    Margin Funding Charges 18% + GST
    Reactivation Charges Rs.55 per Segment
    Account Closure Charges Rs.50 per Segment
    Dematerialisation Charges Rs.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.

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