From basic Demat and trading services to personalized advisory services, you will get everything under one roof in IIFL. The IIFL Brokerage Charges are also very competitive and they keep their IIFL Charges reasonable and affordable to have all kinds of investors in their network.
India Infoline popularly known as IIFL is one of the premier brokerage houses in the country with a presence across the globe. It has been facilitating investors and traders for years in its trading and investment business. The firm is prudent in its services and also has an abundance of products to invest in.
In this article, you will read about the brokerage charges that the firm levies on the trades which the investors and traders do on the IIFL platform. We will also talk about the various transaction charges and other statutory charges here.
| Summary | |
| Equity Delivery Trading | Rs 0 (Free) |
| Equity Intraday Trading | Rs 20 per order |
| Margin Money | 75% Margin |
| Margin Funding Charges | 18% + GST |
| Reactivation Charges | Rs 20 per instruction |
What are the IIFL Brokerage Charges?
| Brokerage Charges | |
| What are the Equity Delivery Charges? | Rs 0 (Free) |
| What are the Equity Intraday Charges? | Rs 20 per order |
| What is the brokerage on Equity Futures? | Rs 20 per order |
| How much brokerage charged for Equity Options? | Rs 20 per order |
| What is the brokerage on Currency Futures? | Rs 20 per order |
| What is the brokerage on Currency Options? | Rs 20 per order |
| How much brokerage charged for Commodity Trading? | Rs 20 per order |
| Brokerage Calculator | IIFL Brokerage Calculator |
As mentioned in the above table for IIFL Brokerage Charges, the delivery trades are charged at Rs 0 (Free), which means if you take delivery of the stocks you purchased, you have to pay brokerage charges of Rs 20 per order on the total amount of transaction for the number of shares you have taken the delivery.
This brokerage rate is on par with the market. For the segments like intraday, futures, and commodities, you need to pay a hefty Rs 20 per order for each transaction – on its amount. It is hefty because it is above the average rate prevailing in the market for these segments.
While the brokerage for the equity options segments can be said to be at par with the market but the currency options are quite expensive. This firm charges the same for both options which are little rare in the market as most of the firms charge lower for the currency options segment.
For understanding the cost of your trading orders, you must use the IIFL Brokerage calculator. We suggest you use it every time you place an order.
Open Demat Account with IIFL Now! – Fill up the Form
What are the IIFL Account Opening Charges?
| Account Opening Charges | |
| Are there any Trading Account Charges [One Time]? | Rs 0 (Free) |
| How much is the Trading Account AMC [Yearly]? | Rs. 0 |
| Are there any Demat Charges [One Time]? | Rs 295 |
| How much is the Demat AMC [Yearly]? | Rs 0 (Free for 1st year) |
| Is any minimum Margin Money required? | 75% Margin |
IIFL Demat Charges include the Demat account opening charges and also the annual maintenance charges which are known as AMC. So, the first component here is the IIFL Account Opening Charges which are Rs.295. This is a one-time fee that you need to pay only once for opening the account.
The other component is AMC which is Rs 0 (Free for 1st year). This, you need to pay every year for maintaining and running the Demat account. The IIFL Trading Charges include both again but here the annual maintenance charge is nil and to open the trading account, you need to pay Rs.0.
For trading purposes, you need to keep a 75% Margin always in the account. This is the minimum margin requirement by IIFL, you can anytime keep any amount above this but the minimum amount needs to be there to keep trading.
Find out Brokerage & Other Charges of Stock Brokers
What are the IIFL Transaction Charges?
| Transaction Charges for each segment | |
| What are the Transaction Charges for Equity Delivery? | Rs 225 per Cr (0.00225%) |
| What are the Transaction Charges for Equity Intraday? | Rs 225 per Cr (0.00225%) |
| How much are the Transaction Charges for Equity Futures? | Rs 210 per Cr (0.0021%) |
| How much are the Transaction Charges for Equity Options? |
Rs 5100 per Cr (0.051%) (on premium)
|
| What are the Transaction Charges for Currency Futures? | Rs 210 per Cr (0.0021%) |
| What are the Transaction Charges for Currency Options? |
Rs 5100 per Cr (0.051%) (on premium)
|
| Any Transaction Charges for Commodity Trading? | Group A – Rs 280 per Cr (0.0028%) |
These IIFL Charges are towards the transactions you would do on the NSE and BSE and other exchanges. The financial instruments you trade are available on these exchanges, and thus for trading and investing in them, you need to pay a charge which is the IIFL Transaction Charge.
While many firms charge different transaction costs for different exchanges, IIFL has single transaction charges but, varies across the segments as you can notice in the table above. While for the delivery and the intraday segment, it keeps the transaction cost at par with the market average.
But, the futures segment, is on the lower side of the scale. However, for the options segment, it is minutely higher than the average charges levied by other firms. For the commodity segment, comparatively, it is nominal only.
What are the other remaining IIFL Charges?
| Other Charges | |
| How much are the Transaction Charges levied? | 0.00225% of Total Turnover |
| What are the STT charges? | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
| How much is the Stamp Duty levied? | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
| How is the GST charged? | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Any Margin Funding Charges? | 18% + GST |
| How much is the Reactivation Charge? | Rs 20 per instruction |
| Any charges for Account Closure? | Rs 20 per instruction |
| What are the Dematerialisation Charges? | Rs 17.7 per certificate |
IIFL Charges / Govt Charges 0.0002% of the total turnover as the transaction cost which is affordable and also close to the market average and a bit lower than that. The STT is similar for most of the stock brokerage houses at 0.0126% as it is decided by the government.
Similarly, GST on stock trading and investing is 18% which is levied on any trade you do. IIFL charges a nominal amount for reactivating your account and for closing it doesn’t charge a penny.
Check out the Charges of other Stock Brokers
General FAQs on India Infoline Charges
Let us have a look at the FAQs on IIFL Charges:
Does IIFL Securities provide fixed brokerage options?
No, IIFL doesn’t have any fixed brokerage options for the customers.
Does India Infoline have different brokerage charges for penny stocks?
No, the firm does not have any different or multiple brokerage charges for the penny stocks.
Can I calculate IIFL Securities brokerage even before I place a Trade?
Yes, with the IIFL Brokerage calculator, you can easily calculate the brokerage amount which you will have to pay once you place the trade and it gets executed.
Can I calculate IIFL Securities margin/limit/exposure?
Yes, there is a provision for calculating the limit, margin balance, and exposure for every trade that too before placing the order on the system.
Are there any account opening fees by IIFL Securities?
Yes, the firm charges account opening fees for both the Demat and trading accounts.
Is there any AMC levied by IIFL Securities?
Yes, there are annual maintenance fees on the Demat account. You need to pay Rs.300 every year to run the account which is very nominal.
IIFL Charges – Conclusion
After going through all the IIFL Charges, we can conclude that IIFL Demat Charges are pretty affordable and nominal. Its brokerage charges are also quite average and are not like too much pressure on the pockets of the investors.
It has simple transaction charges which help the investors calculate them easily without getting confused. Overall, the firm provides room for all kinds of investors whether with a huge budget and capital or a small one.
Open Demat Account with IIFL Now! – Fill up the Form
Find out the Brokerage Charges of other Stock Brokers
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