What are the Brokerage and Taxes applicable for equity and ETFs transactions?
Brokerage and Taxes FundsIndia’s brokerage for equity and ETF transactions is very attractive when compared to the industry average of 50 basis points (i.e. 50 paise brokerage on every Rs 100 invested) At FundsIndia the brokerage is Rs. 15 or 30 basis points (i.e. 30 paisa on every Rs 100 charged), whichever is higher. Please note that there are additional charges that all brokers are legally required to charge on equity transactions as per SEBI. The charges are as follows: • Stamped duty/charges on delivery: 0.01% of transaction amount • Securities transaction Tax on delivery: 0.125% on transaction amount • Turn over tax/transaction charges: 0.0035% on transaction amount • Service Tax: 10.36% on (brokerage + sum of above three charge). These additional charges are mandated by the regulatory authority and are common across all brokers. A detailed illustration with two cases • A use case scenario where the minimum brokerage is charged and • A use case scenario where 30 bps is charged.
