More on Demat Account
Do you know angel broking is one of the biggest full-service retail brokers with a very minimum brokerage charge in India, founded in 1987? So, if you are looking ahead to trade in stocks, then it is good to learn about the Angel Broking AMC Charges.
Along with that, it offers margin facilities that give traders a chance to trade more even with the limited fund.
But before getting into a trade, it is important to learn about the Angel Broking account opening documents, charges, and other plans. Here we are going to discuss the AMC charges imposed by the broker to maintain your trading and demat account.
What Are AMC Charges In Angel Broking?
Angel Broking gives you the seamless method to open a demat account and trading account, but when operating an account, you have to pay certain Angel Broking demat account chargesÂ in order to maintain the account.
The demat charges are of different kinds including the Angel Broking account opening charges, which is a one-time cost. There are also annual maintenance charges, which are recurring in nature.Â These charges are called AMC charges.
If you want to open an account, you need to pay for Angel Broking account opening and annual maintenance charges (AMC).
|Angel Broking AMC Charges 2020|
|Demat Account AMC Charges||â‚¹20 per month (from second year onwards)|
When you subscribe to this offer, you need to pay a one-time fee of Rs.2500.
And the charges per year as AMC fees are Rs.699 which comes with different services like online transfer of funds through net banking or UPI, AI-based advisory for technical and trading ideas.
SEBI has done the revision in the Basic services demat account, where there are no annual maintenance charges for debt securities up to RS.Â 1 lakh. But Rs.100 would be charged if the holding amount is Rs.1 lakh to Rs. 2 lakh.
This is the extra information that needs to be explained for the readers to get a clear picture of important terms related to AMC charges in angel broking :
- Transaction charges – this includes two main points – exchange turnover and clearing charges. In exchange turnover charges, charges are imposed by the stock exchange to trade whereas, in clearing charges, charges are paid by the stockbroker to get the trade.Â
- STT (securities transaction tax) – this is a revenue imposed by the Government. This is mandatory in all cases where the profits from the traders were not announced by the investors.Â
- GST – this is the goods and services tax imposed by the government.Â
- SEBI Turnover fee: this came into the picture by SEBI in 2007, January. In this, SEBI asked to pay a small amount or percent of their turnover from the brokerage houses.Â
Some traders generally get confused and wonder that are the AMC Charges for the Angel iTrade Prime plan. Well, it’s exactly the same as what you would pay for a normal demat account with Angel Broking.
The broker has not segregated this separately.
We can conclude in the end that the angel broking AMC charges provide a very good chance for Angel Broking trading. The important terminologies related to the angel broking AMC charges help you to understand the concept more clearly.
You need to pay annual maintenance charges no matter what every year, though you can choose the offer in which you donâ€™t have to pay AMC charges by paying a one-time fee.Â
Wish to open a Demat Account? Please refer to the form below
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