The focus of this article is all set upon a small aspect of Zebu Wealth. We’re referring to the Zebu Wealth Charges. These charges include Zebu Wealth Demat charges, Trading charges, taxes and even Transactional charges. In short, we’ve tried to create the article in the manner of a review.
Zebu Wealth is a full service broker from Erode, Tamil Nadu and, it’s more than ready to enter the financial advisory and stock brokers’ race with big plans. The broker is a one of a type being from Erode. This even gives it an edge over its competitors who’re busy flushing in the northern and central Indian markets.
So, in this article, you may expect some specific tables exposing the broker’s policies on charging the traders. And, now that you’ve had an introduction about the article, it’s time we begin with the actual thing.
Zebu Wealth Brokerage Charges
Zebu Wealth brokerage layout is a point of pride for them. The layout is statistically designed. Thus, it tends to benefit both the traders as well as investors. We have just the right table for this matter underneath. So, take a few minutes and observe the table:
|Equity Options||Rs.22 per Lot|
|Currency Options||Rs.22 per Lot|
|Flat Monthly Fees, if any||NA|
The list of Zebu Wealth brokerage charges begin with the introduction to Equity delivery Trading.
The broker tends to provide these services in exchange for a rather reasonable commission. The commission in this case is worth 0.22% and, it is charged on per transaction manner.
The table then explains about the brokerage for Equity Intraday Trading, and, you may easily speculate that these services require a payment worth 0.02%.
You must even understand that this exact set of commission is levied for three more service types. We’re referring to Commodity, Currency Futures and Equity Futures Trading.
All services regarding Equity Options Trading are provided for a commission worth Rs.22. However, the commission in these matters are levied per lot and not for the entire trade. Moreover, the exact same set of brokerage is applicable to Currency Options Trading as well.
The broker provides all services pertaining to Demat AMC for free. However, they do levy a charge of Rs.450 for Trading AMC. This is a recurring charge and, this charge needs to be paid on a yearly basis.
However, they may only do so when their Margin Money balance is at least Rs.10,000. Though, the broker does not have a specific limit on the minimum brokerage requirement.
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Zebu Wealth Account Opening Charges
The list to Zebu Wealth account opening charge is mentioned with the help of a table below. Please refer to each row and column for better understanding and, there’s nothing to worry about if you still end up being confused. That’s because, we have the explanation to the table beneath it.
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Rs.450 per Annum|
|Demat Account Opening Charges [One Time]||Rs.300|
|Demat AMC [Yearly]||Free|
|Margin Money||Minimum Rs.10,000|
|Brokerage Calculator||Zebu Wealth Brokerage Calculator|
|Margin Calculator||Zebu Wealth Margin Calculator|
The traders are not required to pay anything for Zebu Wealth Trading Charges. That is because the broker exempts all traders from any such charges. However, Zebu Wealth AMC for Trading is to be paid at Rs.450 per annum. The broker incurs a one time charge for Demat Account opening as well. This one is charged at Rs.300.
Although, the Demat AMC is provided free of cost, both these charges are on the reasonable end. However, there is something that gets the traders worried sometime. This happens to the new traders often. The broker requires the traders to maintain a minimum Margin Money Balance and, the limit for that is set at Rs.10,000.
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Zebu Wealth Transaction Charges
The table below tells everything about Zebu Wealth transaction charges. However, we’ve limited the information in the table to keep it simple. But that should not get you worried. That’s because we’ve described the entire table properly right below it:
|Transaction Charges 2019||0.00275%|
Zebu Wealth charges the transaction charge in a unanimous manner and, it does so to compete actively with its competitors. Anyway, the set extraction limit for this is 0.00275% and, this is applied to every trade domain there is.
This includes everything under Currency Options, Currency Futures, Equity Futures, Equity Options, Equity Intraday, Equity Delivery and even Commodity.
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Zebu Wealth Other Charges
Other charges are a set of charges established by the government. All the broker are tasked with incurring these upon their traders. These are basically taxes. Anyway, the list of all these taxes as Zebu Wealth charges them is mentioned 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.50 per Segment|
|Account Closure Charges||Zero|
Zebu Wealth other charges list holds a total of five types of taxes. Moreover, it even holds three charges pertaining to account opening procedures. The list unfolds with SEBI Turnover Tax. This is levied on behalf of SEBI and, it is levied at a rate of 0.0002% of total turnover.
The STT rates are expressed next in the table. These are levied at a rate of 0.0126% of total turnover although, they’re rather known by the name of Securities Transaction Tax. We then have the Stamp Duty. This is the only variable element within the table as; it depends upon the state from where a trader commences his trades.
This is a negligible amount nonetheless. The fourth set of tax is levied under GST. This is charged at 18% over transaction and brokerage charges. Even the Margin Funds are charged with 18% + GST. That concludes all about the taxes within the table above.
There are however, three more charges levied by the broker. We’re referring to Account Closure, Reactivation and Dematerialization Charges. These are levied at Rs.50 per segment, Rs.50 per segment and Rs.44 respectively.
Zebu Wealth Charges – Conclusion
Zebu Wealth came into existence with the realization of Vellaiyan Vijaykumar’s dream and, it was finally incorporated in the year 2013. That makes the broker merely 7 years old and, it’s outstanding how it’s grown in such a short time. Especially the fact that it’s managed to establish over 400 branches is commendable.
The broker has an amazing team of experts as well. This team enables them to provide apt research and advisory to their clients. The broker has established many outstanding feats over the years.
We’d like to conclude the article by wishing you luck for all your future trades. We hope you make the right decision about choosing your broker now that you know about Zebu Wealth Charges, its operations, products and services provided and the Zebu Wealth Demat Charges alongside.
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