The JM Financial is found very reliable broking company which levy very minimal amount for brokerage. JM Financials brokerage charges are very well classified. It will surely help you finding the best segment for making investment as per your budget. Each of JM Financials charges levied by the company is mentioned in this article.
Investors are very much concerned about the brokerage charges when they plan to initiate for making investment in stocks. Usually, there are lots of broking companies in the stock market who levy brokerage charges differently on every investment segment.
Every investor should be very clear to his thoughts when he begins to make investment in stocks. To make the trading process easy all of JM Financials charges levied are been mentioned in the latter half of the article.
|Equity Delivery Trading||0.15%|
|Equity Intraday Trading||0.02%|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
What are the JM Financial Brokerage Charges?
|What are the Equity Delivery Charges?||0.15%|
|What are the Equity Intraday Charges?||0.02%|
|What is the brokerage on Equity Futures?||0.02%|
|How much brokerage charged for Equity Options?||Rs 25 per lot|
|What is the brokerage on Currency Futures?||0.02%|
|What is the brokerage on Currency Options?||Rs 25 per lot|
|How much brokerage charged for Commodity Trading?||Rs 25 per lot|
|Brokerage Calculator||JM Financial Brokerage Calculator|
JM Financials brokerage charges are given in the above table in detail. The broking house normally charges 0.15% for equity delivery, equity intraday, equity futures and currency futures. And, the charges for equity option and currency options are between the range of Rs.25 per lot.
As the JM Financial charges are quite feasible and reasonable, traders can refer to this company for budget friendly trading. Apart from that, we also provide broking calculator to calculate brokerage levied on each segment very easily.
Open Demat Account with JM Financial Now! – Fill up the Form
What are the JM Financial Account Opening Charges?
|Account Opening Charges|
|Is there any Trading Account Charges [One Time]?||Rs 1180|
|How much is the Trading Account AMC [Yearly]?||NIL|
|Is there any Demat Charges [One Time]?||NIL|
|How much is the Demat AMC [Yearly]?||Rs 650|
|Any minimum Margin Money required?||75% Margin|
JM Financials account opening charges are described in the above- provided table. The broking house is charging minimal for opening accounts. The JM Financial trading and demat charges are quite feasible. It is levying Rs.1180 for opening up trading account that too without any AMC cost.
There are no charges levied for opening up a demat account. The broking company only charges AMC annually for maintaining the demat account. And the margin money of minimum 75% Margin is required by every investor of JM Financials to maintain the portfolio.
Find out Brokerage & Other Charges of Stock Brokers
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|ICICI Direct Charges||Prabhudas Lilladher Charges||Yes Securities Charges|
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|IIFL Charges||Angel Broking Charges||Sharekhan Charges|
What are the JM Financial Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||NSE: 0.00286% | BSE: 0.00284%|
|What are the Transaction Charges for Equity Intraday?||NSE: 0.00286% | BSE: 0.00284%|
|How much is the Transaction Charges for Equity Futures?||NSE: 0.002206% (Rs 221/Crore)|
|How much is the Transaction Charges for Equity Options?||NSE: 0.05515% (Rs 5515/Crore)|
|What are the Transaction Charges for Currency Futures?||0.00%|
|What are the Transaction Charges for Currency Options?||NSE: 0.05515% (Rs 5515/Crore)|
|Any Transaction Charges for Commodity Trading?||MCX Rs 250/Crore|
JM Financials transaction charges are classified in the above given table. As it is clear from the table, the broking company is charging very fair amount from all of its clients to build their trust. The company is charging 0.00286% transaction charges from the total turnover for equity delivery, equity intraday and currency futures.
If you are making transaction for equity futures on NSE then the charges would be 0.002206%.
Apart from that, the JM Financials charges 0.05515% for equity options and currency options. And, the charges for commodity trading are 0.002500% only on the total turnover.
What are the other remaining JM Financial Charges?
|How much is the Transaction Charges levied?||0.00286% 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 are 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 Account Closure?||Rs 20 per instruction|
|What are the Dematerialisation Charges?||Rs 5 per certificate + Rs 25 per request|
JM Financials charges / Govt Charges are actually very affordable which attracts many traders to make investment with the company. Also, the broking company levies some other charges as well like STT charges, transaction charges, GST charges, reactivation charges, dematerialization charges, stamp duty charges etc.
The broking company usually levies only 0.00286% of total turnover for making transactions, 0.0126% of total turnover as STT charge and normally stamp duty charges are levied state-wise but still the company has specified charges between the range of 0.002% to 0.004%.
And, as per the above table government charges are also specified i.e. 18% of (brokerage + transaction charges) and the charges for margin funding are 18% + GST.
Moreover, the JM financial charges for account reactivation are Rs.20 per segment while there are Rs.20 charges for account closure and the dematerialization charges are Rs 5 per certificate + Rs 25 per request only.
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General FAQs on JM Financial Charges
Lets have a look at the FAQs on JM Financial Charges:
Does JM Financial provide fixed brokerage options?
Yes, the stock broking house provides fixed brokerage to its clients.
Does JM Financial have different brokerage charges for penny stocks?
No, the stock broking house levies no such different charges for any penny stocks.
Can I calculate JM Financial brokerage even before I place a Trade?
Yes, the stock broking house has its own customized brokerage calculator which clients can use to calculate brokerage.
Can I calculate JM Financial margin / limit / exposure?
Yes, the broking house offers margin calculator as well to calculate the margin, limit and total exposure.
Is there any account opening fees by JM Financial?
Yes, the broking house levies some amount as account opening fees.
Is there any AMC levied by JM Financial?
No, the broking company does not charge AMC for accounts maintenance.
JM Financial Charges – Conclusion
JM Financials broking firm is considered as the unfailing broking house in the stock market. The company has gained the huge popularity in the market due to its very well classified brokerage charges structure. JM Financials charges are slightly low as compared to other such broking houses.
If you have planned to trade, you must consider JM Financials as they are very good at offering investment services at low and fair brokerage charges.
Also, if you can check in the above table the JM Financials demat charges are also very affordable. So, it will be very easy for you to begin trading with the broking house for better trading experience.
Open Demat Account with JM Financial Now! – Fill up the Form
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