Understand Brokerage Charges on Trading
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Brokerage Charges on Trading
IIFL as a Stockbroker make up for a crucial link between the stock exchanges and the investors. They provide specialised services and execute various transactions to assist investors in the trading process. These stockbrokers charge a small fee called brokerage fee for managing and providing services such as buying, selling, negotiations, consultations, and delivery. This fee is the main source of income for stockbrokers.
| PLAN NAME | INVESTOR PLAN (Online Plus) |
|---|---|
| Minimum Margin | ₹ 0 |
| Monthly subscription | ₹ 0 |
| Brokerage Charges | |
| Equity Delivery % | 0.25% |
| Equity Intraday/ Futures (per lot) | 0.025% |
| Nifty Options (per lot) | ₹ 25 |
| Stock/ Bank Nifty Options (per lot) | ₹ 25 |
| Commodity, Currency trading | 0.025% |
| Currency Options (Per lot) | ₹ 8 |
| Currency Futures (Per lot) | ₹ 20 |
| Commodity Options (Per lot) | |
| Gold | ₹ 125 |
| Silver | ₹ 80 |
| Crude Oil | ₹ 80 |
| Copper | ₹ 65 |
| Zinc | ₹ 65 |
| Gold Mini | ₹ 10 |
| Annual Charges | |
| Account Opening Charges (one-time) | ₹ 0 |
| First Year Annual Maintenance | ₹ 0 |
| Annual Maintenance (from 2nd year) | ₹ 250 |
| Others Charges | |
| DP transaction charge Credit | ₹ 0 |
| DP transaction charge Debit | ₹ 25 |
| Delayed payment charge (p.a.) | 18 % |
| System & Risk square off | ₹ 100 |
| Call & Trade | ₹ 0 |
| Pledge & Unpledge charges/ ISIN (customer initiated) | ₹ 10 |
| Re-pledge and Release charges/ ISIN (collaterals) | ₹ 1 |
| Pledge Invocation Charges | ₹ 15 |
| Pledge Closure | ₹ 0 |
| Demat/ Remat Charges | ₹ 15 |
| Payment Gateway Charges | ₹ 0 |
| Conversion of MF units/ Destatementization Per SOA | ₹ 0 |
| Reconversion of MF units in to SOA or Redemption/ Restatementization Per SOA | ₹ 0 |
| Re-issuance of (Additional) New DIS | ₹ 100 |
| Postal Charges for physical dispatch | ₹ 40 |
| Pledge charge (Broker Margin Funding) | ₹ 50 |
| Courier/ physical printing (when requested) | ₹ 100 |
| Access to services | |
| Research Report | Yes |
| Intra-day calls | Yes |
| Market Guru seminars | No |
| Trader Terminal EXE | No |
| Dedicated RM | No |
| Analyst/ Investment advisor meetings | No |
Charges Explained
SECURITIES/COMMODITIES TRANSACTION TAX
The government levies this tax on investors and traders when making transactions on the stock exchanges. Levied on both buy and sell orders in case of equity delivery and only on sell orders if the trade is Intraday or F&O.
TRANSACTION CHARGES
Transaction charges include exchange transaction charges levied by Exchange (BSE, NSE, MCX) on all trades and clearing charges levied by Clearing member (NSSL) for settling CDS & MCX transactions. It is generally specified in terms of rupees per crore of turnover.
CALL & TRADE
An additional charge of Rs 50 will be levied, if:
Orders are placed through our support or dealing desk.
Squaring off of Intraday orders (MIS/BO/CO) through our RMS team before the closing of the market.
In case the entry order is executed by investors in multiple trades, Stop Loss/Target Orders will be placed separately for Bracket Orders. All brokerage charges, including Call & Trade, will be billed per executed order for auto square off.
GST
The Goods and Services Tax is levied by the government on the services provided. For brokerage and transaction charges, the GST is levied at 18%.
STAMP CHARGES
Stamp Charges are levied on shares, debentures, currency, derivatives etc. The government has revised the Stamp Duty Rates from July 1, 2020. Please refer to the brokerage table above for the current rates.
SEBI CHARGES
SEBI charges flat Rs 5 per crore of turnover or transaction value as a charge for regulating and managing the financial markets.
ACCOUNT MAINTENANCE CHARGES (AMC):
0 (zero) for the first year. Rs 250 + GST from the next year onwards.
DEPOSITORY PARTICIPANT (DP) CHARGES
These charges are levied by IIFL (Participant) and CDSL, NSDL (Depositories) together. The charges are Rs 25 + GST per scrip (irrespective of the order quantity) on the day of selling stocks.
PLEDGING CHARGES
The Pledging Charges are Rs 10 + GST per pledge request.
PHYSICAL CMR REQUEST
Physical printing (when requested) Rs 100 + Rs 40 (Postal Charges) + 18% GST for following requests.
PAYMENT GATEWAY CHARGES
Zero per transaction
Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248.
Terms and Conditions
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.
Attention Investors
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.