How to manage trading expenses with brokerage firms?

Trading costs start with understanding brokerage fees across segments. m.Stock charges ₹5 per order for intraday, F&O and MTF . Delivery trades, mutual funds and IPOs are free of charge. To minimise extra fees, users ought to monitor platform charges, pledging charges, and interest on margin. m.Stock does not charge platform or maintenance fees. In the case of margin trading, the interest rates begin at 6.99 per cent per year. No charges are imposed on pledging shares and the brokerage is limited on a per order basis as opposed to a per trade basis. This structure helps frequent traders control costs. It also ensures that long-term investors can hold positions without extra burden.

How to switch brokerage firms?

You can switch brokerage firms by following a simple and straightforward process. Once you have finalised a broker, visit their platform and fill out the application to open a new demat account . Complete the KYC process. Add funds to the new account with a minimal amount so that it becomes active. Decide whether you want to keep your old account for future use or want to close it permanently. Get a Client Master List from the new broker. It is an important document that contains your demat account details. Submit an online transfer request or a Delivery Instruction Slip (DIS) to the old broker. Track your transfer request with the help of daily account statements or via Central Depository tracking tools. Once your holdings are visible in the new demat, verify the quantity, prices, etc. Finally, notify the old broker if you want to close the old account.

What is zero brokerage trading?

Zero brokerage trading refers to the process of making trades without paying any broker commissionon eligible segments. Delivery trades, mutual fund orders, and IPO applications are free of brokerage on platforms like m.Stock. Zero brokerage is helpful for long-term investors who do not trade daily. There are still statutory charges such as STT or exchange fees, GST , stamp duty, and SEBI fees that still apply. The contract note allows users to monitor charges daily.

What to consider when choosing an online broker?

When choosing an online broker, start with the reputation of the platform and the regulation. Make sure the broker is SEBI-registered and follows all applicable rules and investor protection norms. Next, look at the platform itself; it should be easy to use, stable during market hours, and show real-time data without delays. Check the costs clearly. Apart from brokerage, see if there are any account, platform, or data charges that might add up. Look at customer support too, so you can get help when you need it. Finally, consider what you want to trade ( stocks , intraday, F&O , mutual funds ) and make sure the broker supports those options in a way that feels right for you.

What are DP charges in the stock market?

When you receive your contract note, you must have noticed various charges like brokerage, STT and others being debited from your sale proceeds. But there is one charge that isn't visible on the contract note, but is nonetheless charged. We are referring to DP charge or depository participant charge. Wondering who a depository participant is and what is a DP charge? Well, you’ve come to the right place. In this article, we will understand everything about DP charges in the stock market.

What is a depository and who are depository participants?

Depository is an institution where your shares are safely stored. In India, the two main depositories are - National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL). While your securities are held for safekeeping with the depository, as an investor you cannot directly deal with NSDL and CDSL. Your broker acts as the intermediary or depository participant and connects you to the depository.

What are DP charges?

Depositories, in collaboration with the depository participant (broker) provide a wide range of services, including processing of corporate actions, pledging and unpledging of shares etc. In exchange for performing these functions, they charge a small fee known as DP charges. DP charges are applicable on only sell transactions and are directly posted on your ledger. DP charges are deducted once per scrip per day and are not dependent on the quantity of shares sold.

How much DP charges are levied in the stock market?

At m.Stock, ₹18 per debit transaction + GST will be charged as DP charges for sell transactions. Let us consider the following examples to understand this better:

Suppose you sell 100 shares of Tata Consultancy Services Ltd. when the market opens and another 75 in the afternoon. In this case, the total DP charges for TCS Ltd. will be ₹18 + ₹18 + 18% GST.
Suppose you sell 100 shares of Tata Consultancy Services Ltd. in the morning and 100 shares of Infosys Ltd. in the evening. Then, the total DP charges for the day will be ₹18 + 18% GST for TCS Ltd. and ₹18 + 18% GST for Infosys Ltd. This is because multiple different scrips are being sold.

DP charge is an unavoidable expenditure when you sell shares. But you do have a say in paying brokerage. Yes, open m.Stock’s Demat account and trade free (at zero brokerage) across equity delivery, mutual funds and IPOs (except Intraday, F&O and MTF trades).

What are Futures and Options & It's Benefits?

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With advancements and innovations in technology, particularly in the area of Fintech, investors have myriad ways to trade and grow their financial portfolios. With derivative trading and algo-trading on the rise, not to mention the popular cryptocurrency channels, investors can choose their trading mechanisms to potentially make profits. As trading instruments go, futures and options have been there for a while now. But you may still ask, especially if you are a novice, “What is futures and options trading?”. You could say that futures and options (called F&O) are a means to make your trading more profitable, but have risks too. If you want to get a head start on futures and options, start by reading this article.

How Does Brokerage Work?

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Brokerage is a fee charged by a brokerage firm for acting as an intermediary and facilitating buying and selling of stocks. Payable every time an investor transacts in the market, brokerage is one of the biggest costs that an investor has to bear. Hence, understanding how brokerage works is crucial before investing your hard-earned money.

What is Pledge in the Stock Market?

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New investors need to understand several financial concepts related to investing. Even if you are an experienced player, you may need to spruce up your knowledge about different aspects of investment. Gaining insight into key elements can help you make the most of your investments and potentially enhance your returns. One of the ways to aid investors in investing in the stock market is to go through the process of a Share Pledging. Investors and promoters employ pledging to create funding for investment in the share market. You can read this article to get clued in on how pledging works and the way it can benefit investors today!

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FAQ

When evaluating a ₹5 brokerage broker, you must check whether the cost applies across segments. Also, check if any hidden charges exist. m.Stock charges ₹5 per executed order across intraday, F&O, commodity, currency & MTF (Pay Later).

Delivery trades, mutual funds, and IPO orders carry zero brokerage and there areno monthly fees, no hidden conditions, no platform charges. That is why m.Stock is a viable option for both active and passive investors. Order execution speed, availability of order type and product coverage are also to be reviewed before selecting any low-cost broker to be used on a regular basis.