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What are the brokerage rates and taxes applicable for equity and ETF transactions that are carried out through FundsIndia?

Opening an equity account with FundsIndia is absolutely free. FundsIndia charges a brokerage rate of Rs. 25 or 30 basis points (bps), i.e., 30 paise on every Rs. 100 charged, whichever is higher.

Please note that there are additional charges that all brokers are legally required to charge on equity transactions as required by the Securities and Exchange Board of India (SEBI). The charges are as follows:

  • Stamped duty/charges on delivery: 0.01% of the transaction amount
  • Securities transaction tax on delivery: 0.1% on the transaction amount
  • Turn over tax/transaction charges: 0.0035% on the turnover
  • Service Tax: 15% (inclusive of 0.5% Swachh Bharat Cess + 0.5% Krishi Kalyan Cess) on the brokerage + sum of the above three charges

A minimum brokerage charge of Rs. 25 will apply to all transactions below the value of Rs. 8,000.

Here’s a detailed illustration of our rates with two cases:

  1. A scenario where the minimum brokerage is charged, and
  2. A scenario where 30 bps is charged
Scenario 1 Transaction < 8,000
   
Particulars Amount (Rs.)
Total turnover 5,000
Flat brokerage 25
Stamped duty/charges on delivery: 0.01% 0.50
Securities transaction tax on delivery: 0.1% on turnover 5
Turnover tax/transaction charges: 0.0035% on turnover 0.18
Service tax: 14% on brokerage 3.5
Service tax: 14% on turn over/transaction charges 0.02
Swachh Bharat Cess: 0.50 % on brokerage and turn over/transaction charges 0.14
Krishi Kalyan Cess: 0.50 % on brokerage and turn over/transaction charges 0.14
Total charges (including brokerage) 34.48
Total payable (in case of purchases) 5,034.48
Total receivable (in case of sale) 4,965.52

 

Scenario 2 Transaction > 8,000
   
Particulars Amount (Rs.)
Total turnover 50,000
Brokerage – 30 bps (30 paise for every Rs. 100) 150
Stamped duty/charges on delivery: 0.01% 5
Securities transaction tax on delivery: 0.1% on turnover 50
Turnover tax/transaction charges: 0.0035% on turnover 1.75
Service tax: 14% on brokerage 21
Service tax: 14% on turn over/transaction charges 0.25
Swachh Bharat Cess: 0.50 % on brokerage and turn over/transaction charges 0.86
Krishi Kalyan Cess: 0.50 % on brokerage and turn over/transaction charges 0.86
Total charges (including brokerage) 229.71
Total payable (in case of purchases) 50,229.71
Total receivable (in case of sale) 49,770.30

 
DEMAT ACCOUNT MAINTENANCE  CHARGES:

The demat account annual maintenance fee is Rs. 200/- plus service tax. This fee will be waived for the FIRST YEAR, and will be charged starting from the SECOND YEAR.

Demat transaction fees of Rs 10 + taxes will charged on all demat debit transactions.

Posted in: G - Equities

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