Do you know angel broking isone 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.
Angel broking offers an absolute deal where there is some relaxation for you while paying Demat Account annual charges (AMC) for a lifetime.
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. 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.
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.
GST – this is the goods and services tax imposed by the government.
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.
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 don’t have to pay AMC charges by paying a one-time fee.
Wish to open a Demat Account? Please refer to the form below