Investment is the key of prosperous life but investing is not easy as it depends on experience and perception. Investing in the stock market can be right or wrong, it doesn’t matter but the only thing matters how much you earned when you were right and how much you lost when you were wrong. A broker is a mediator between the exchanges and investors and it plays a key role in the investing part of any trader so it is quite important to choose a diverse and technical-driven platform. Geojit Financial Services Limited is one of the oldest stockbrokers of India, incorporated on 1987 as financial services firm and further known as full-service broker of India. Geojit Financial Services Limited provides the facility to invest in NSE, BSE, MCX and NCDEX. Geojit is the depositary member of CDSL and NSDL and it provides the flexibility to choose between both the exchanges. Geojit provides online facility to open demat and trading account from any corner of the world. Any person can also visit nearby branch to open an offline account. Geojit Financial Services Limited offers many types of financial services to invest in such as equity, derivative, mutual funds, currency, commodity, IPO, insurance and portfolio management services. Any new or old investor can view geojit financial services limited annual report on its official website. Geojit Financial Services Limited Linkedin provides latest updates related stock market and latest features of its trading software.
Customer-centric philosophy of the company proves as a game changer for the company. Geojit Financial Services Ltd reviews has its presence in more than 500+ Indian places and overseas such as Dubai, Bahrain, Muscat, Abu Dhabi, Kuwait, Al Ain and Sharjah. According to the SEBI guidelines, Geojit Financial Services Limited offers a leverage facility in almost all the segments except in equity delivery segment. Geojit Financial Services Ltd Linkedin has a client base of 8.4 lakhs customers and about 30,000 Cr. assets are under management.
Geojit Financial Services Limited Account Opening Charges
Geojit Financial Services Limited review account opening offers online and offline method to open an account and geojit financial services charges are as follows:
Trading Account Opening Charges
Trading Account AMC
Demat Account Opening Charges
Zero AMC untill 31st March 2023
Geojit Financial Services Limited Brokerage Charges
While trading in the stock market on Geojit Financial Services Limited, you need to pay Geojit financial services brokerage charges which is different for all the segment.
Geojit Financial Services Ltd brokerage charges are as follow:
Delivery-based trading – 0.3%
Intraday trading – 0.03%
Futures & Options:
Futures – 0.03%
Options Index – Rs 50 per lot
Options Stock – Rs 75 per lot
Geojit Financial Services Limited Other Charges
Securities Transaction Tax (STT)
- Equity Delivery- 0.1% on both buy & sell
- Equity Intraday- 0.025% on sell side
- Equity Futures- 0.01% on sell side
- Equity Options- 0.05% on sell side (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
18% on (Brokerage + Transaction + SEBI fee)
(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%
Geojit Financial Services Limited Trading Software
Geojit Financial Services Limited offers free trading software to the clients which are as follows:
Selfie Web Version: It is a browser-based website offers you to trade in share market through its platform.
Selfie Mobile: It is a smartphone-based application available for download from Google Play Store and App Store.
FundsGenie: This is a mutual fund application available only for android device in Google Play Store.
Geojit Financial Services Limited Advantages & Disadvantages
Geojit Financial Services Ltd is a very old, diverse and popular broker. We must read advantages and disadvantages before choosing Geojit Financial Services Ltd.
• Full-secure and diversified platform.
• 100% paperless account opening facility.
• Margin facility.
• Online & offline facility to open demat and trading account.
• Offers research and recommendation services.
• Call & trade facility.
• After market order (AMO) facility.
• Daily market reports, change of platform, research reports etc.
• 24/7/365 customer support.
• Presence in more than 500 locations across India and abroad.
• Hassle-free, easy-to-use and ultra-fast trading software.
• Does not offer Geojit 3 in 1 account.