Kunvarji Finstock Intraday Trading – Benefits, Process, Charges, Margin & more

This article presents a very narrowed down analysis of one of Kunvarji Finstock Intraday Trading services. Kunvarji Finstock is perhaps the oldest full service stock broking firm from Gujarat. In fact, it is one of the oldest in entire India.

The company was established in the year 1960. And, the credit to their existence can be given to Kubvarjibhai Roopshibhai Thakkar.

With over seven decades of existence and 108 branches spread across the nation, they provide diversified financial solutions to their clients. The company looks after the operations from its Ahmedabad based headquarters.

The company is registered with BSE and NSE. Hence, traders with a need to trade across all the major stocks get ease access.

This article bears all the benefits associated with the Kunvarji Finstock Intraday, following by the charges they incur related to this service and the trading process.

We’ll also guide you on how to begin Kuvanji Finstock Intraday trade. And, we’ll elaborate the types of trading options they tend to grant.

Kunvarji Finstock Intraday Trading & Benefits

The complexities involved with Intraday Trading is well known to the traders. Commencing even a single trade in this domain requires discipline. In fact, a lot of analytical tactics are used before and after the trade. And, this makes most of the traders quit on it.

However, there is yet another fact known about this domain of trading. It is the hefty amount of profit it promises to grant. Anyway, we’ve managed to enlist a couple of benefits associated with Kunvarji Finstock Intraday Trading. So, just have a glimpse at them:

• The company grants a free Trading account to the customers. In fact, they even do not seek any sort of AMC for these accounts. This means that the traders are free to use these account for lifetime. And, they can do so without having to pay even a single penny.
• No minimum margin money limit is forced on the traders. This means that the customers can even have a zero account holding balance. This comes as a great relief to the customers. And, it encourages them to commence more trades.
• They have a dedicated team of analytics ever monitoring the market. This enables them to provide value insights at the right moment. This basically serves as an edge to the customers. In fact, Kunvarji Finstock Intraday Tips are highly regarded by their customers.
• They offer a plethora of trading platforms. With each platform created for a specific purpose, the customers get an enriched experience of hassle free trading.
• They even offer a trading leverage of upto 6 times. This facility can be tapped in at the right time for better returns.

Open Kunvarji Finstock Trading Account Now! – Fill up the Form

How to do Intraday Trading in Kunvarji Finstock?

Kunvarji Finstock Intraday Trading comes with a handful of advantages. And, we’re not merely talking about their expertise in market analysis. Anyway, now that you’re aware of the perks, it’s time to move forward and discuss the process of commencing Intraday Trading in Kunvarji Finstock:

1. The first step is the easiest one. However, it even is the most crucial of all. It requires you to be the owner of one of their Trading Account. This lays the foundation of your trading activities with them. However, if you do not have an account, there is nothing to worry about. We say so because, you can look up at the process of opening a trading account with Kunvarji Finstock in some of our other articles.
2. For this step, you need to access your account. All you need to do is feed in the credentials specific to your account within the login area and you’ll get in. However, we must advise you to change your password (as provided by the company) after your first login.
3. The third step is to select the shares for trading. You may take help from the multiple reports provided by the company for this. It is best to create a watchlist containing all the shares you prefer. This will help you get live scrip information. Thus, it’ll be easier for you to decide which stock to trade in.
4. The last step is trading. For this, go to the trading panel within your Trading Account. You must visit the ‘Buy / Sell’ section for this. Once you fill in the details of the shares you want to trade select the ‘Intraday Trading’ option. This is necessary to make an Intraday Trade.

Know more about other Intraday Trading Brokers

Kunvarji Finstock Intraday Charges

Kunvarji Finstock Intraday brokerage alongside other charges, are something every other trader but be aware of. The incurred Kunvarji Finstock Intraday charges are at a fixed rate of 0.05%, where there are some addition to the charges.

Anyway, the charges can be broken down into:

• Stamp Duty
• GST
• SEBI Turnover Charge
• Transaction Charge
• Securities Transaction Tax also known as STT
• Brokerage Charge

Let us make it simple for you to understand with an example. For this, you must assume certain things. Assume that you want to trade across the shares of a specific company ABC. The unit share value of ABC is worth Rs.120. So, when you decide to buy 200 shares of the company, you invest Rs.24,000.

In a couple of hours, the price rises by Rs.5 per unit. This makes the unit share value worth Rs.125. You decide to sell off your entire holding at this point. Therefore, your income at this point will be worth Rs.25,000.

Now, technically, you should’ve made a profit of Rs.1,000 from the sell off of your holding. However, considering that you commenced the trade from Orissa, you must pay certain taxes.

So, you go on paying an overall brokerage (including taxes) of Rs.21.876. Thus, the net profit you earn is Rs.978.124.

Kunvarji Finstock Intraday Margin

As we’ve already mentioned that there are many complexities involved in Intraday Trading. And, the brokerage houses tend to grant many benefits to overcome this. However, there is a very specific trend that most of the brokerage firms follow.

They grant their customers a leverage on trading. This leverage ranges from 5x to 20x. It is otherwise knwon as Intraday margin. And, Kunvarji Finstock Intraday Margin is granted at a maximum rate of 6x.

However, Kunvarji Finstock Intraday limits are a subject to the traders’ credit with the company. In short, the company has the power to decide if the traders are worthy of the extra leverage.

Find out Intraday Trading Details of other Stock Brokers

Kunvarji Finstock Trading – Types

Kunvarji Finstock Trading allows the traders to access many platforms. These platforms are all granted free with the Trading Account.

However, they may be majorly categorized into two types. So, the customers can either choose to visit the company’s branches. This allows them to use the offline trading facilities of the company.

They may even use Kunvarji Finstock Online Broking facilities. This can be done through accessing any of their web or mobile based apps.

Kunvarji Finstock Intraday Trading – Conclusion

We have mixed views about Kunvarji Finstock Intraday Trading. The company is undoubtedly one of the oldest in the nation.

However, the brokerage charges they charge are higher than their customers. Having said that, we must even remind you that they grant free Trading Accounts. So, it’s totally up to you to decide whether to choose them or not.

Open Kunvarji Finstock Trading Account Now! – Fill up the Form

Know in detail about Intraday Trading of other brokers

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