“Brokerage” is the fee that stock broking houses charge to enable you to carry out a trade in the stock markets. Brokerage rates are charged as a percentage of the total traded volumes, subject to a nominal fixed brokerage amount of Rs.50 with every executed order in the cash segment.
Since we at Kotak Securities believe that trading in the stock market should be a profitable venture, we keep our brokerage charges at the bare minimum. With one of the most competitive NRI brokerage plan in the country, nothing stops you from creating wealth for yourself in your homeland!
Other benefits include:
A host of fees and taxes are a part of your life when you trade in the stock markets. Your aim as an investor should be to minimize your fees and maximize your returns.
Non Resident Indians (NRIs) can take advantage of not just great currency exchange rates by investing in India, but also enjoy the benefit of competitive brokerage rates with their Kotak Securities trading account.
Here’s a breakdown of the costs of trading with the basic NRI Account:
|Account Opening Charges||Rs.3750|
|Brokerage||1% of the turnover OR
25 Paise per share, whichever is higher
|Securities Transaction Tax (STT)||0.1%|
|Average Quarterly Balance in Savings||Rs.10,000|
Short term Capital Gain Tax of 15.45% on profit is applicable if stocks are sold within a year of purchase.
|Account maintenance fee|
|PIS||Rs.1000 per year|
|Demat||Rs.75 + tax per month|
Average Quarterly Balance of Rs.10000 to be maintained in Savings Account.
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