Free Account Opening + AMC Free Demat
Loading...

mStock Brokerage Charges, Fees, AMC, Transaction Charges 2024


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.

m.Stock offers two type of brokerage plans:

  • Option I - Rs 999 one-time account opening fee, Lifetime Zero Brokerage Plan, free brokerage across Delivery, Intraday, F&O, Mutual Funds & IPO; or
  • Option II: Rs 0 account opening fee, Free Delivery Plan, brokerage of Rs 20 applicable on Equity Intraday, Futures, Options, and Brokerage on Buy Back/OFS/Tender Offer/Delisting segments as per executed orders.

With the m.Stock mobile app and web platform, users can trade various securities. 1-click orders, real-time market data, portfolio creation and investment tracking are all possible on a single page with the user-friendly m.Stock share trading app. Option chain analysis and advanced charts are also offered.

m.Stock brokerage Plans offer:

  • Open a demat account for Rs 999, and no brokerage on delivery, intraday, F&O, Mutual Funds & IPO.
  • No account maintenance charges (AMC) No Fees on Mutual Funds Direct Plans.
  • If you opt for an account with free delivery when you open your account and later upgrade to a zero-brokerage account, you will have to pay Rs 1,299.
  • No Modification Charges.
  • No Closure charges.

mStock Account Charges

mStock offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with mStock. mStock fee structure and trading commission rates are explained as below.

To open mStock account you have to pay account opening charges and annual maintenance charges (AMC).

mStock Account Open Charges | mStock AMC 2024

TransactionFee
Trading Account Opening Charges (One Time)Rs 999 (One TIme Cost)
Trading Annual Maintenance Charges AMC (Yearly Fee)Annual Rs. 480 + GST (To be recovered on a Quarter
Demat Account Opening Charges (One Time)Rs 999 (One TIme Cost)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Annual Rs. 480 + GST (To be recovered on a Quarterly basis)

mStock Brokerage Charges 2024

Customer pays a commission (brokerage) when buying or selling stocks through mStock. The brokerage charges for equity, commodities and currency derivative trading for mStock are explained as below.

mStock Lifetime Zero Brokerage Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)Rs 999 (One Time Payment)
Equity DeliveryRs 0 (Free)
Equity IntradayRs 0 (Free)
Equity FuturesRs 0 (Free)
Equity OptionsRs 0 (Free)
Currency FuturesRs 0 (Free)
Currency OptionsRs 0 (Free)
Commodity FuturesNA
Commodity OptionsNA

mStock Rs 0 Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity DeliveryRs 0 (Free)
Equity IntradayRs.20 per Executed Order/0.3%of the turnover value
Equity FuturesRs 20 as per executer order
Equity OptionsRs 20 as per executer order
Currency FuturesRs 20 as per executer order
Currency OptionsRs 20 as per executer order
Commodity FuturesNA
Commodity OptionsNA

mStock Demat Account Charges 2024

The Demat account transactions are charged separately from the trading commission. Find mStock Demat account charges 2024.

mStock Demat Charges

mStock trading and demat account opening fees are Rs 999 (One TIme Cost). mStock charges Annual Rs. 480 + GST (To be recovered on a Quarterly basis) per year demat account AMC. mStock demat debit transaction fee of

Rs.12 per ISIN + GST

per debit transaction.

ID Transaction Charges
1 Demat Account Opening Charges Rs 999 (One TIme Cost)
2 Transaction Charges (Buy) null
3 Transaction Charges (Sell)

Rs.12 per ISIN + GST

4 Annual Maintenance Charges (AMC)

Rs 0 (Rs 999 Lifetime Zero Brokerage Plan) or Annual Rs. 480 + GST (To be recovered every quarter)

5 Demat + Courier charges

Rs 0

6 Remat

Rs 0

7 Pledge Creation

Pledge creation & closure charges will be ₹32 per PSN (Pledge Sequence Number) per day (+GST) for Pay Later (MTF) orders. Pledge creation and closure charges will be ₹0 and ₹ 32 per PSN (Pledge Sequence Number) per day (+GST) for the Pledge Shares facility.

8 Pledge Creation Confirmation null
9 Pledge Invocation

Upto Rs.32 + GST per PSN (Pledge Sequence Number)

10 Failed Transactions

No charge will be applicable for failed instruction

11 Other Charges

Periodic/Adhoc Statement-Rs 100 per request + Rs 100 per courier


mStock Transaction Charges (Exchange Turnover Charge)

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .

mStock Transaction Charges 2024

SegmentTransaction Fee
Equity DeliveryNSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity IntradayNSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity FuturesNSE Rs 188 per Cr (0.00188%) | BSE Rs 0
Equity OptionsNSE Rs 4950 per Cr (0.0495%) (on premium)
Currency FuturesNSE Rs 9 per Cr (0.00009%)
Currency OptionsNSE Rs 35 per Cr (0.00035%) (on premium)
Commodity

mStock Trading Taxes

mStock charges government taxes and fees in addition to the brokerage. These mStock trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the mStock tax calculation.

mStock Tax on Trading

Tax mStockRates

Securities Transaction Tax (STT)

  • Equity Delivery: 0.1% on both Buy and Sell
  • Equity Intraday: 0.025% on the Sell Side
  • Equity Futures: 0.01% on Sell Side
  • Equity Options: 0.05% on Sell Side(on Premium)
  • Commodity Futures: 0.01% on sell side (Non-Agri)
  • Commodity Options: 0.05% on sell side
  • Currency F&O: No STT
  • On Exercise transaction: 0.125%
  • Right to entitlement: 0.05% on sell side

Exchange Transaction Charges

Refer table above

GST

18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.0001% (₹10/Crore) of the turnover (except for Agri futures where it is Rs 1 per crore)

Stamp Duty

(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.

Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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.

Related articles

mStock brokerage, mStock brokerage charges, mStock brokerage charges 2024, mStock brokerage review, mStock brokerage plans, mStock intraday brokerage, mStock prepaid brokerage plans, mStock charges, mStock fees, mStock pricing, mStock charge list, mStock charges calculator, mStock brokerage calculater, mStock yearly charges, mStock yearly maintenance charge, mStock option brokerage, mStock plans, mStock trading charges and mStock fund transfer

Information on this page was last updated on Tuesday, November 19, 2024

Zerodha (Flat Rs 20 Per Trade)

Special Offer - 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.


Comments

Add a public comment...