FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Published on Sunday, June 21, 2020 by Chittorgarh.com Team
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Equity SIP/SWP Plan allows you to buy or sell in stock at a regular interval in a set quantity or amount. It is similar to Mutual Fund SIP but instead of investing in MF, e-SIP invests in a stock selected by the investor.
Equity SIP (e-SIP) is short for Equity Systematic Investment Plan. It is a disciplined investing approach that allows the investor to buy the shares of a selected company at a regular interval in an automated way.
Equity SWP (e-SWP) is short for Equity Systematic Withdrawal Plan. It allows an investor to sell holdings from his demat account in a pre-specified quantity and time interval.
The e-SIP and e-SWP is an automated investment. You just have to place one order and the system will keep buying or selling the set quantity of a stock at the pre-decided frequency i.e. monthly.
Note: For e-SIP, you should have funds available in your Trading Account for these orders to get executed. You cannot link your bank account to withdraw funds every time an eSIP order gets executed.
If you would like to buy SBI shares of Rs 10,000 every month for the next 12 months. You could place an Equity SIP request for this and your broker will keep buying this stock every month on set day next the 1 year. You don't have to place 12 different orders one for each month.
The brokerage for e-SIP is same as the brokerage of Equity Delivery (Cash & Carry) segment. Each trade of Equity SIP is one buy order.
Edelweiss Broking offers e-SIP and e-SWP to all its customers through its online trading platforms for free.
If you have chosen the Edelweiss Lite Plan, you will be charged brokerage at flat Rs 10 per executed order. This means every-time shares are bought, you will pay flat Rs 10 brokerage.
If you are using Edelweiss Elite Plan, you will pay 0.30% brokerage on the transaction value. This means if you have an e-SIP of Rs 10,000 per month, you will pay Rs 300 brokerage for every SIP transaction.
A similar brokerage is applicable for sell orders in the case of the e-SWP.
Add a public comment...
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|