There are many full-service brokers and discount brokers in the Indian stock market and they levy charges according to the service they provide and plans. One of these charges is AMC for demat account. These charges are imposed yearly and when it comes to JM Financial, let’s find out how much the broker charges. In this article we will be discussing specifically the JM Financial AMC Charges.
One thing you should always remember is that you have to pay account maintenance charges whether there are shares or no shares in the Demat account or whether you trade actively or not.
JM Financial is an emerging stockbroker, that is offering many benefits to its clients with its minimal trading and brokerage charges. So, along with this, let’s figure out the AMC Charges in JM Financial. As discussed, AMC charges are levied on the Demat account.
JM Financial AMC Charges are as follows:
JM Financial AMC Charges
Account Maintenance Charges
₹650 (from second year onwards)
So JM Financial charges ₹650 as AMC annually from the second year onwards. This fee is deducted directly from your trading account.
The account maintenance charge of ₹650 seems costly when some other brokers are providing monthly plans for AMC but as you know JM Financial is a renowned full-service broker and it provides many value-added services like investment advisory, portfolio management services, and much more which makes paying ₹650 as AMC totally worth it.
So, while completing the process of JM Financial demat account opening you should be aware of the charges you have to pay to the broker including Account Maintenance Charges.
In case you want to know about other charges like brokerage on intraday, options, delivery, currency, and commodity trading you can refer to the JM Finacial Brokerage article.
Want to begin your trading and investment journey in the stock market? Get in touch with us now and we will assist you in choosing a right stockbroker and in opening a demat account online for FREE!