Brokerage and Other Charges
Why open a Demat Account with Mirae Asset Sharekhan
Experience Full-service Investing and Trading
| Segment | Brokerage Charges |
|---|---|
| Account Opening Charges | ZERO |
| Research access across all segments (Equity, Commodity, Currency) | FREE |
| Dial-N-Trade | FREE |
| DP Annual Maintenance Charges | ZERO for the 1st year |
| Change of Address | FREE |
| Change of Bank | FREE |
| Updation of Nominee | FREE |
| Fund Transfer Charges | FREE |
| Equity - Delivery brokerage | 0.30% on trade price or minimum 1 paisa per share |
| Equity - Intraday brokerage | 0.02% on trade price or minimum 1 paisa per share (each side) |
| Equity - Options brokerage | ₹39 per lot (each side) |
| Commodity - Options brokerage | 1% on premium or ₹150, whichever is higher (one side) |
| Currency - Options brokerage | ₹5 per lot (each side) |
| Futures Brokerage (across Equity and Currency) | 0.02% per transaction value (each side) |
| Commodity – Futures brokerage | 0.10% (one side) |
^Click here for detailed terms & conditions for brokerage charges
Key highlights
free
Our 3-month unique on-boarding program to get you started in the capital markets
free
25+ Learning modules for beginners, investors and traders
free
Research
FREE research coverage across all segments
(Equity, Commodity, Currency & MF)
- Coverage of 220+ stocks with 200+ actionable ideas per year for the equity segment
- In addition to Intraday calls, 30+ positional equity trading calls per month based on Technical Analysis
- Monthly MF recommendations for lump sum and SIP investments
free
Dial-N-Trade
Dial-N-Trade is a free service that enables you to place trading orders via telephone
- Equities and Derivatives 8.30 am to 4.30 pm
- Currency 9:00 AM to 5:00 PM
- Commodity 9:00 AM till market close
Understand how brokerage is charged
For example, you pay only ₹ 15* as brokerage when you transact worth ₹ 5,000
| Brokerage Categories | Brokerage Examples Amount (₹) | |
|---|---|---|
| Shares/Stocks bought worth | 2,500 | 5,000 |
| Equity Delivery Brokerage paid @0.3% for buying and holding shares beyond purchase date | 7.5 | 15 |
| Equity Intraday Brokerage paid @0.02% for shares bought and sold the same day (before market closes) | 0.5 (50 paise) | 1 |
| Equity Options Brokerage | ₹ 39 per lot purchased | |
Fees and Charges
| Description | Equity Delivery | Equity Intraday | Equity Futures | Equity Options | Currency Futures | Currency Options | Commodity Futures | Commodity Options |
|---|---|---|---|---|---|---|---|---|
| STT/CTT Charges (as per Exchange) | 0.1% (both buy and sell sides) | 0.025% (sell-side on the avg. rate of buy and sell) | 0.02% (sell side) | 0.10% on the sell side (on premium) 0.125% on the exercised trade (on premium) |
NA | NA | 0.01% (sell side, non-Agri) | 0.05% (sell side) |
| Exchange Transaction Charges* | NSE: 0.00297% | NSE: 0.00297% | NSE: 0.00173% | NSE: 0.03503% on Premium | NSE: 0.00035% | NSE: 0.0311% | 0.0021% (MCX) | 0.0418% |
| BSE: 0.00375% | BSE: 0.00375% | |||||||
| Stamp Charges (on the value of the purchase) | 0.015% | 0.003% | 0.002% | 0.003% | 0.0001% | 0.0001% | 0.002% | 0.003% |
| GST(%) levied on the total of Brokerage + Exchange Transaction Charges + SEBI Transaction Fees | 18% | 18% | 18% | 18% | 18% | 18% | 18% | 18% |
| SEBI Turnover Charges | ₹ 10/crore (w.e.f. 1st April, 2021) | ₹ 10/crore (w.e.f. 1st April 2021) | ₹ 10/crore (w.e.f. 1st April 2021) | ₹ 10/crore (w.e.f. 1st April 2021) | ₹ 10/crore (w.e.f. 1st April 2021) | ₹ 10/crore (w.e.f. 1st April 2021) | ₹ 10/crore (w.e.f. 1st April 2021) | ₹ 10/crore (w.e.f. 1st April 2021) |
Taxes and Regulatory Charges explained:
- > Securities Transaction Tax (STT): STT is levied by the government on transactions executed through stock exchanges. It is charged on both buy and sell transactions in the equity delivery segment. It is charged only on the sell transaction in intraday trades and Futures & Options segment.
- > SEBI Charges: Charged at ₹ 10 per Crore (for Non-Agri commodities only) of the transaction value by Securities and Exchange Board of India for carrying out regulatory duties.
- > Commodities Transaction Tax (CTT): CTT is similar to STT and is levied on exchange-traded commodity derivatives in India.
- > Stamp Charges: Charged by the government for transacting in instruments on stock exchanges and depositories.
- > Transaction charges + Clearing charges: Transaction charges are levied by the exchanges while clearing charges are levied by the Clearing Member. Clearing charges are levied for settling all Currency Derivatives Segment and Multi Commodities Exchange trades.
- > GST: Goods & Services Tax (GST) is levied on the sum total of brokerage + transaction charges + SEBI Transaction Charges at 18%.
* Terms & Conditions for brokerage charges
- > Brokerage & other charges shown above in the table will apply to all new accounts opened from 27th May 2023 onwards, via all channels (DIY, FOS, Branch channels), except those new accounts opened via business partners as well as NRI and NRO accounts.
- > Brokerage will not exceed the SEBI and Exchange prescribed limits.
- > STT, CTT, GST, stamp duty and all other applicable exchange/ regulatory/ statutory charges/ taxes will be levied as per applicable rates. Brokerage is also charged on expired, exercised and assigned options contracts.
- > This offer is applicable only to Indian residents
- > Above Tariff Is Subject to Change. Changes If Any Will Be Intimated 15 Days in Advance.
- > Interest could be charged on the running ledger balance after considering the collateral against the margin.
- > Brokerage for option contracts is on the premium amount at which the option contract was bought or sold and not on the strike price of the option contract.
- > For more details on the brokerage plan, please contact the Mirae Asset Sharekhan representative.
- > I / We are aware that as required by the law any communication sent by the Stock Broker in the electronic form to my/our registered E-mail id and/or mobile number or through physical form to my/our registered mailing address(s) shall be binding on me/us.”
- > I/We hereby confirm that I/We have understood and am/are willing to opt for the above at my own discretion. If any of the segments is activated post account opening, the brokerage will be charged at a different rate as displayed on the website during the activation process. The above rates are applicable only at the time of account opening
- > I / We hereby understand and agree with all other general terms and conditions and policies and procedures of Sharekhan Ltd. (available on www.sharekhan.com) which shall be applicable for trading and Demat account opened/maintained with Mirae Asset Sharekhan and I / We agree to be abided by them at all times.
| Service | Charges |
|---|---|
| Schedule of Demat Charges | |
| Dematerialisation | ₹ 5 per share certificate (minimum ₹ 50 per request) |
| Rematerialisation | ₹ 50 per certificate or ₹ 50 for every hundred securities (per request, whichever is higher) |
| DP Transaction Charges - Market and Off-market Trades | |
| Credit transactions (Buy) | Nil |
| Debit transactions (Sell) |
Nil (sale via Mirae Asset Sharekhan) 0.03% of the value of transaction or minimum ₹ 30 per transaction (sale not via Mirae Asset Sharekhan/ Off Market/ IDT) |
| Annual Maintenance Charges (AMC) | |
| For BSDA Clients | Nil/ (value of holding other than debt securities up to ₹ 50,000/ value of debt securities up to ₹ 1,00,000) OR ₹ 100 p.a. (value of holding other than debt securities from ₹ 50,001 to ₹ 2,00,000/ value of debt securities from ₹ 1,00,001 to ₹ 2,00,000) |
| For Non-BSDA Clients | ₹ 400 (AMC free for the First Year) |
| Charges for Client Master Report changes (applicable for Email ID/ Address/ Mobile/ Bank) | Nil |
| Delivery Instruction Slip (DIS) Reissuance | Nil |
| Pledge Charges (for Margin purposes) | |
| Request | Margin Pledge: ₹ 20 per transaction / Pledge under margin funding: ₹ 30 per transaction |
| Invocation | Nil |
| Release (Un-Pledge) | Nil |
| CUSPA Pledge | ₹ 25 (plus GST per instruction) |
| Pledge Charges (for Non-Margin purposes) | |
| Request | 0.03% of the value of the transaction (minimum ₹ 100 per transaction) |
| Invocation | Nil |
* Terms & Conditions for brokerage charges
- Brokerage & other charges shown above in the table will apply to all new accounts opened from 27th May 2023 onwards, via all channels (DIY, FOS, Branch channels), except those new accounts opened via business partners as well as NRI and NRO accounts.
- Brokerage will not exceed the SEBI and Exchange prescribed limits.
- STT, CTT, GST, stamp duty and all other applicable exchange/ regulatory/ statutory charges/ taxes will be levied as per applicable rates. Brokerage is also charged on expired, exercised and assigned options contracts.
- This offer is applicable only to Indian residents
- Above Tariff Is Subject to Change. Changes If Any Will Be Intimated 15 Days in Advance.
- Interest could be charged on the running ledger balance after considering the collateral against the margin.
- Brokerage for option contracts is on the premium amount at which the option contract was bought or sold and not on the strike price of the option contract.
- For more details on the brokerage plan, please contact the Mirae Asset Sharekhan representative.
- I / We are aware that as required by the law any communication sent by the Stock Broker in the electronic form to my/our registered E-mail id and/or mobile number or through physical form to my/our registered mailing address(s) shall be binding on me/us.”
- I/We hereby confirm that I/We have understood and am/are willing to opt for the above at my own discretion. If any of the segments is activated post account opening, the brokerage will be charged at a different rate as displayed on the website during the activation process. The above rates are applicable only at the time of account opening
- I / We hereby understand and agree with all other general terms and conditions and policies and procedures of Sharekhan Ltd. (available on www.sharekhan.com) which shall be applicable for trading and Demat account opened/maintained with Mirae Asset Sharekhan and I / We agree to be abided by them at all times.
| Description | Interest Rates |
|---|---|
| Outstanding Debit Balance on Margin Trading Facility (MTF) | 18% p.a. (default for EMF as well as overdue payments) |
| Stock used as Margin for Derivative Trades | Stock collateral credit is restricted to 50% of the margin or value of collateral, whichever is lower |
| Other Debit Balance | 18% p.a. |
* Terms & Conditions for brokerage charges
- Brokerage & other charges shown above in the table will apply to all new accounts opened from 27th May 2023 onwards, via all channels (DIY, FOS, Branch channels), except those new accounts opened via business partners as well as NRI and NRO accounts.
- Brokerage will not exceed the SEBI and Exchange prescribed limits.
- STT, CTT, GST, stamp duty and all other applicable exchange/ regulatory/ statutory charges/ taxes will be levied as per applicable rates. Brokerage is also charged on expired, exercised and assigned options contracts.
- This offer is applicable only to Indian residents
- Above Tariff Is Subject to Change. Changes If Any Will Be Intimated 15 Days in Advance.
- Interest could be charged on the running ledger balance after considering the collateral against the margin.
- Brokerage for option contracts is on the premium amount at which the option contract was bought or sold and not on the strike price of the option contract.
- For more details on the brokerage plan, please contact the Mirae Asset Sharekhan representative.
- I / We are aware that as required by the law any communication sent by the Stock Broker in the electronic form to my/our registered E-mail id and/or mobile number or through physical form to my/our registered mailing address(s) shall be binding on me/us.”
- I/We hereby confirm that I/We have understood and am/are willing to opt for the above at my own discretion. If any of the segments is activated post account opening, the brokerage will be charged at a different rate as displayed on the website during the activation process. The above rates are applicable only at the time of account opening
- I / We hereby understand and agree with all other general terms and conditions and policies and procedures of Sharekhan Ltd. (available on www.sharekhan.com) which shall be applicable for trading and Demat account opened/maintained with Mirae Asset Sharekhan and I / We agree to be abided by them at all times.
FAQs
Margin Trading Facility (MTF) allows you to buy shares by paying only margin while the remaining amount will be provided for by Mirae Asset Sharekhan. This SEBI-regulated leverage product increases your stock buying power in the Equity Cash segment.
Yes, MTF is a SEBI-regulated, and exchange-approved facility offered by Mirae Asset Sharekhan, thus ensuring a safe and compliant trading experience.
The following are some unique benefits of Margin Trading Facility:
- Boosts your buying power for delivery trades
- Enables greater participation in the market with minimal upfront investment
- Helps capitalize on short-to-medium term price movements
- Involves a seamless and secure borrowing experience
- Provides a dedicated MTF Holding Report for better portfolio tracking
With MTF, you can leverage your investments by paying only a fraction of the trade value upfront. For example, if you buy shares worth ₹ 1,00,000, you only need to pay ₹ 25,000 (25% of the total value) while Mirae Asset Sharekhan will pay the remaining ₹ 75,000.
You can activate the Margin Trading Facility through all our digital platforms by following the steps given below:
- Mirae Asset Sharekhan Website – Click on the Apply button on your profile page to activate MTF instantly or click on the Accept button on the consent page at the time of placing an order from the Order Form. MTF will be enabled for your account instantly.
- Mirae Asset Sharekhan App – You can activate MTF online instantly by clicking on the Accept button on the consent page at the time of placing a trade order.
- TradeTiger – You can activate MTF online instantly by clicking on the Accept button on the consent page at the time of placing an order.
- Branch / RM – Send an email to cmr@sharekhan.com and this facility will be activated within 24 hours.
Online activation of Margin Trading Facility is instant, while requests made via email to your RM or branch or processed within 24 hours.
No, there is no need to open a separate DP account or provide a Power of Attorney (POA) to avail the Margin Trading Facility. You can activate it seamlessly through our digital platform.
