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Fundsindia Brokerage Review, Fees and Transaction Charges

 
 
 
 
 

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FundsIndia Brokerage Charges, Fees and Other Transaction Charges

FundsIndia is a Chennai-based online discount broker that was incorporated in the year 2009 by founder C.R. Chandrasekar and Srikanth Meenakshi, completed their education from University of Hyderabad. FundsIndia is India’s friendliest online-only investment platform with 13+ years of excellence in enhancing the investment experience for its users. FundsIndia gives users access to mutual funds from leading fund houses in India, stocks from the BSE & NSE, corporate fixed deposits, and various other investment products with some FundsIndia brokerage rates charges.

FundsIndia India is a SEBI registered stock broker with the Bombay Stock Exchange (BSE). Our SEBI registration number is INB011468932. Brokerage in FundsIndia aims to offer trading and investment services in Equity, Derivatives, IPOs and mutual funds. FundsIndia product also have focus on providing education to the customers on various trading and investment related topics through an online learning center. FundsIndia provide every Indian a world-class investment platform and sophisticated investment guidance. FundsIndia is spread all over 2,000 cities across India and 66+ countries have invested over ₹9,700+ crores on its platform in Mutual Funds, Stocks and other investment products.

FundsIndia brokerage plan

FundsIndia charges a brokerage rate of Rs. 30 paise on every Rs. 100 charged, whichever is higher. There are two cases for FundsIndia brokerage plan, a scenario where the minimum brokerage is charged, and a scenario where 30 bps is charged both are mentioned below in detail:

Scenario 1

Transaction < 8,000

Particulars

Amount (Rs.)

Total turnover

5,000

Flat brokerage

25

Stamped duty/charges on delivery: 0.01%

0.50

Securities transaction tax on delivery: 0.1% on turnover

5

Turnover tax/transaction charges: 0.0035% on turnover

0.18

Service tax: 14% on brokerage

3.5

Service tax: 14% on turn over/transaction charges

0.02

Swachh Bharat Cess: 0.50 % on brokerage and turn over/transaction charges

0.14

Krishi Kalyan Cess: 0.50 % on brokerage and turn over/transaction charges

0.14

Total charges (including brokerage)

34.48

Total payable (in case of purchases)

5,034.48

Total receivable (in case of sale)

4,965.52


Scenario 2

Transaction > 8,000

Particulars

Amount (Rs.)

Total turnover

50,000

Brokerage of 30 bps points (30 paise for every Rs. 100)

150

Stamped duty/charges on delivery: 0.01%

5

Securities transaction tax on delivery: 0.1% on turnover

50

Turnover tax/transaction charges: 0.0035% on turnover

1.75

Service tax: 14% on brokerage

21

Service tax: 14% on turn over/transaction charges

0.25

Swachh Bharat Cess: 0.50 % on brokerage and turn over/transaction charges

0.86

Krishi Kalyan Cess: 0.50 % on brokerage and turn over/transaction charges

0.86

Total charges (including brokerage)

229.71

Total payable (in case of purchases)

50,229.71

Total receivable (in case of sale)

49,770.30

Please note that there are some additional charges that all brokers are legally required to charge on equity transactions as required by the Securities and Exchange Board of India (SEBI). The charges are as follows:
• Stamped duty/charges on delivery are 0.01% of the transaction amount.
• Securities transaction tax on delivery are 0.1% on the transaction amount.
• Turn over tax/transaction charges: 0.0035% on the turnover.
• Service Tax: 15% (inclusive of 0.5% Swachh Bharat Cess + 0.5% Krishi Kalyan Cess) on the brokerage + sum of the above three charges.
• A minimum brokerage charge of Rs. 20 will apply to all transactions below the value of Rs. 8,000.

FundsIndia brokerage charges review

Investing in mutual funds through FundsIndia is absolutely free means no FundsIndia brokerage charges for mutual funds. There are no account opening charges, brokerage charges of FundsIndia or maintenance fees. FundsIndia free account offers a fantastic range of online FundsIndia trading software. Dedicated FundsIndia trading platforms provide facility to invest in Corporate Fixed Deposits and NPS (National Pension System), stocks, super saving, insurance plans and FundsIndia NRIfacility is also available.
FundsIndia account opening provides the facility of opening a trading and a demat account to its customers in order to invest and trade in the Indian Stock Market. FundsIndia review delicate and delightful instant account opening facility to its customers online and offline with nominal FundsIndia share brokerage charges.

FundsIndia brokerage calculator

FundsIndia brokerage charges calculator will calculate not just brokerage but also other charges levied by the FundsIndia such as transaction charges and FundsIndia brokerage charges for stocks and ST charges by different states of India, STT (Securities Transaction Tax) and GST also. index funds brokerage account opening is free in FundsIndia.

FundsIndia Advantages

• Minimize Trading Risk.
• Provide Investment from Mutual fund to corporate Deposits.
• Fulfill the needs of every investor.
• User friendly trading platforms.
• Nominal brokerage charges.

 

 


Frequently Asked Questions


FundsIndia is one of the tops first value-added investment platform across the India. It offers free investment account opening, customers can get access to a wide array of investment products like mutual funds from all Asset Management Companies (AMCs), stocks from the Bombay Stock Exchange (BSE), Fixed Deposits from companies, and more.
Yes, investing in mutual funds through FundsIndia is absolutely free with free account opening facility.
FundsIndia charges less brokerage as compare to Zerodha for intraday trading in Equities and Commodities.
Yes, mutual fund investment through FundsIndia is absolutely free.
By placing request to transfer funds in the 'Withdrawal Request' page after logging in to your account. Payout requests placed before 2 pm will be executed on same day, while payout requests made after 2 pm will be executed by next working day.
You need to go tab My Accounts > Downloads and choose from list of the downloadable.
FundsIndia (est. 2009) is an online investment platform, owned and promoted by Wealth India Financial Services Pvt Ltd, established in 2008 by C.R. Chandrasekar and Srikanth Meenakshi.
Yes, you can apply for an IPO through FundsIndia account by using some simple steps.
FundsIndia offers unparalleled value-added services in a power-packed online platform that had never been presented in India before.
FundsIndia is one of the tops first value-added investment platform across the India. It offers free investment account opening, customers can get access to a wide array of investment products like mutual funds from all Asset Management Companies (AMCs), stocks from the Bombay Stock Exchange (BSE), Fixed Deposits from companies, and more.
No. You need to provide single one mandate for all your SIPs. As long as your SIP amount in any single day is less than your specified limit in the mandate, just single mandate will be sufficient for all your SIPs.
Yes, FundsIndia account has been equipped with the best online safety and protection tools to ensure your investment transactions always take place in a secure environment.
You need to send a signed letter with both your signature as well as the nominee's signature – to activate the new nominee at FundsIndia.
You need to go on left side menu go to your current sips. Go to right most column and select option to cancel your sip amount.
Yes, shifting from the direct plan of investing to FundsIndia is a quick and easy process. It involves just some simple steps.
Yes, Non-Resident Indians (NRIs) all over the world can invest in all the mutual fund schemes offered by all Asset Management Companies (AMCs) at FundsIndia.
You can redeem your money by selecting the redemption option available in your FundsIndia dashboard. Standard redemption process takes a few working days to credit amount in your account, but the instant redemption option allows you to process your request instantly.

FundsIndia Reviews