Revision in Options Brokerage
Dear Sir/Madam,
We write to inform you of the recent changes introduced by SEBI vide their circular no. CIR/MRD/DP/14/2015 dated July 13, 2015 wherein they have increased the minimum contract size in equity derivatives segment from the existing Rs. 2 Lacs to Rs. 5 Lacs and the Lot Size of Nifty has increased from 25 to 75, w. e. f. November 2015 expiry.

Currently in the case of option contracts, we charge brokerage on per lot basis and / or on a percentage of the premium traded, subject to the brokerage restrictions specified under Exchange /SEBI guidelines. Going forward, due to increase in the lot size of the option contracts, the brokerage charged to you on a per lot basis will increase to 2.5 times of the existing brokerage rate per lot for all option contract of Equity derivatives segment for all contracts with November expiry and onwards.

For example, suppose currently per lot brokerage charged to you on option contract is Rs. 50, after the increase, the brokerage on a per lot basis will become Rs. 125 (50*2.5). However, the increased rate also would be subject to the restrictions of the SEBI/Exchanges guidelines applicable from time to time.

There will be no change in brokerage rates in the Cash & Future segment.

Feel free to call us on 1800-22-7500 or write to us at myaccount@sharekhan.com in case of clarifications /assistance.

Assuring you of our best services at all times and we look forward to a long and pleasant association.
Regards,
Team Sharekhan

Registered Office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra. Tel: 022 - 61150000.Sharekhan Ltd.: SEBI Regn. Nos. BSE-Cash-INB011073351; F&O-INF011073351; NSE – INB/INF231073330; CD - INE231073330; MCX Stock Exchange: INB/INF-261073333; CD - INE261073330; United Stock Exchange: CD - INE271073350; DP-NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS-INP000000662; Mutual Fund-ARN 20669;

Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080; (MCX/TCM/CORP/0425); NCDEX -00132; (NCDEX/TCM/CORP/0142); For any complaints email at igc@sharekhan.com;

Sharekhan Financial Services Pvt. Ltd: Corporate agents for ICICI Prudential Life Insurance Company Ltd. with corporate agency License no: ICI 8419765

Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Do’s & Don’ts by MCX & NCDEX and the T & C on www.sharekhan.com before investing.