To open a new demat account with Karvy, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Karvy Demat Account Opening Charges and Karvy AMC as below:
India Infoline, the parent company, was incorporated in 1995. IIFL group offers wide range of financial products through over 1000 branches. IIFL (a traditional brick-and-mortar broker) used 5paisa brand for its online retail broking business for many years.
Services offered by 5paisa
5paisa is India’s fast growing discount broker offering investing and trading services in segments including stocks, derivatives (F&O) and currency. 5paisa is member of BSE and NSE. 5paisa trading account is backed by the experience and technology developed by its parent company IIFL for over 20 years in retail broking industry.
5paisa offer trading services under a simple brokerage plan. Customers can trade across the segments for a flat rate of ₹10 per executed order, irrespective of the size of the order. This brings saving up to 90% in comparison to traditional brokers who charge brokerage fee in % of the total turnover.
5paisa trading account is well integrated with other products they offer including mutual funds, etf, bonds and insurance.
Online Mutual Funds Investment Account is a key offering from 5paisa. You can open just a Mutual Funds Investment Account with 5paisa for free of charges.
5paisa also offers Systematic Investment Plans (SIP), an automatic periodic investment option in stock market though mutual funds.
The ‘Auto Investor’ tool is available free of charge to its customer which helps with online MF advisory. This tool help in choosing the right funds based on their risk profile and return expectations.
|1||Annual Maintenance Charges (AMC)||400|
|2||Debit Charges||0.025% (minimum ₹25 per transaction)|
|6||DEMAT – Per certificate||₹15|
|7||REMAT – Per certificate Per 100 Units/shares (Whichever is higher)||₹15|
|8||Conversion of MF units/Destatmentisation Per SOA||₹15|
|9||Reconversion of MF units in to SOA or Redemption/Restatmentisation Per SOA||₹15|
|10||Postal Charges per request shall be charged separately||₹40|
|9||Demat Rejection Charges||₹30 per rejection|
|10||Rematerialisation/Repurchase/Redemption of Mutual Fund/Reconversion of Mutual Fund units into SOA Charges||₹20 per request + NSDL Charges|
To open a new demat account with 5paisa, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the 5paisa Demat Account Opening Charges and 5paisa AMC as below:
|Monthly Fee (Fixed)||-|
|Equity Delivery||₹10 per executed order|
|Equity Intraday||₹10 per executed order|
|Equity Futures||₹10 per executed order|
|Equity Options||₹10 per executed order|
|Currency Futures||₹10 per executed order|
|Currency Options||₹10 per executed order|
|Commodity Futures||₹10 per executed order|
|Commodity Options||₹10 per executed order|
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