Investors are in general always worried about the charges levied by their stock brokers. Data on Profitmart Brokerage Charges is provided to the clients of the company here, in an attempt to make the decision-making process easy for them. Each of the Profitmart Charges mentioned is levied at different points in time.
Make sure you have lined up the charge list if you want to keep your finances in check always. This article contains the list of every charge you will encounter along your trading journey.
|Equity Delivery Trading||0.30%|
|Equity Intraday Trading||0.01%|
|Margin Money||Minimum 10,000|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
What are the Profitmart Brokerage Charges?
|What are the Equity Delivery Charges?||0.30%|
|What are the Equity Intraday Charges?||0.01%|
|What is the brokerage on Equity Futures?||0.01%|
|How much brokerage charged for Equity Options?||Rs.25 per lot|
|What is the brokerage on Currency Futures?||0.01%|
|What is the brokerage on Currency Options?||Rs.25 per lot|
|How much brokerage charged for Commodity Trading?||0.01%|
|Brokerage Calculator||Profitmart Brokerage Calculator|
The Profitmart Brokerage Charges are classified and lined up according to a particular segment of investment. If you have an interest in maintaining your investment in Equity Delivery, you need to pay 0.30% as a charge. This is probably the highest brokerage per segment wise.
The next charge mentioned is 0.01% and it is commonly levied on all 4 segments namely, Equity intraday, Equity Futures, Currency Futures, and Commodity. Furthermore, the last couple of charges is levied on the segments Equity Options and Currency Options, both of which levy a charge of Rs.25 per lot commonly.
Brokerage charged per transaction makes it difficult to stay accounted for, hence we have even deployed a brokerage calculator for your ease. Check it out for ease of investment.
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What are the Profitmart Account Opening Charges?
|Account Opening Charges|
|Are there any Trading Account Charges [One Time]?||Free|
|How much is the Trading Account AMC [Yearly]?||Free|
|Are there any Demat Charges [One Time]?||Zero|
|How much is the Demat AMC [Yearly]?||Free|
|Is any minimum Margin Money required?||Minimum 10,000|
Account opening charges are not mandatory taken by all the stock brokers. The Profitmart Account Opening Charges for instance are free of cost. The company does not levy any charges termed as Profitmart Demat Account Charges.
Moreover, the company does not charge a fee for opening a trading account as well. Speaking of the AMC, you aren’t obligated to pay any such yearly occurring fee to the company for AMC.
Find out Brokerage & Other Charges of Stock Brokers
What are the Profitmart Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||0.00325% of Total Turnover|
|What are the Transaction Charges for Equity Intraday?||0.00325% of Total Turnover|
|How much are the Transaction Charges for Equity Futures?||0.00325% of Total Turnover|
|How much are the Transaction Charges for Equity Options?||0.00325% of Total Turnover|
|What are the Transaction Charges for Currency Futures?||0.00325% of Total Turnover|
|What are the Transaction Charges for Currency Options?||0.00325% of Total Turnover|
|Any Transaction Charges for Commodity Trading?||0.00325% of Total Turnover|
Every time you make a transaction, you have to contribute a small amount from your profit. Such a total charge comprises a lot of charges put together. One such charge, which the traders have to pay consists of the Profitmart Transaction Charges.
As the name itself mentions, it is charged for the transaction therefore undertaken. The charges may differ from company to company, but they generally levy one charge for all the segments they offer. Such a charge is pretty minute and so, you do not need to worry about heavy charge bearings.
The charge as fixed by Profitmart Securities is 0.00325% of the Total Turnover for all the segments, individually.
What are the other remaining Profitmart Charges?
|How much are the Transaction Charges levied?||0.0002% of Total Turnover|
|What are the STT charges?||0.0126% of Total Turnover|
|How much is the Stamp Duty levied?||Depends on State (very minimal)|
|How is the GST charged?||18% of (Brokerage + Transaction Charges)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs.50 per Segment|
|Any charges for Account Closure?||Zero|
|What are the Dematerialisation Charges?||Rs.44|
This section comprises all the Profitmart Securities Charges / Govt Charges. Apart from the company charges, you are obligated to pay a small set of charges to the government. The rest company charges comprise of reactivation charge of Rs.50 per Segment and a dematerialization charge of Rs.44.
The precise government charges are transaction charges of 0.0002% of Total Turnover, an STT charge of 0.0126% of Total Turnover Stamp duty depending upon the state, and a GST charge of 18% of (Brokerage + Transaction Charges).
Check out Charges of other Stock Brokers
General FAQs on Profitmart Securities Charges
let’s have a look at the FAQs on Profitmart Charges
Does Profitmart Securities provide fixed brokerage options?
Yes, the company has a policy of charging fixed brokerage.
Does Profitmart Securities have different brokerage charges for penny stocks?
No, the company charges no different brokerage charges for the penny stocks.
Can I calculate Profitmart Securities brokerage even before I place a Trade?
Yes, the tool brokerage calculator comes in handy here.
Can I calculate Profitmart Securities margin/limit / exposure?
Yes, you can deploy the use of a Margin Calculator.
Is there any account opening fees by Profitmart Securities?
Yes, an amount as an opening charge is levied by the company.
Is there any AMC levied by Profitmart Securities?
No, the accounts come free of charge.
Profitmart Charges – Conclusion
To conclude this article has all the set of Profitmart Brokerage you need to be aware of. Make sure you go through all the charges and sort out your strategies for investment. The more you stay aware and draft your profit-making capacities; the greater will be the profit you can make.
Profitmart Securities Charges are minimal and economically drafted, which reduced your obligations to an extent. They are a great option to go for if you are new to the trading arena.
Open Demat Account with Profitmart Now! – Fill up the Form
Find out Brokerage Charges of other Stock Brokers
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