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Will Zerodha, Grow Brokerage Charges Increase After NSE, BSE Hiked Transaction Fees?

Zerodha brokerage charges, Groww brokerage charges, etc may increase after the stock market exchanges NSE and BSE hiked transaction fees on trade of futures and options contract and also on stocks in the cash segment.

New Delhi: Zerodha brokerage charges, Groww brokerage charges, etc may  increase after the stock market exchanges NSE and BSE hiked transaction fees on trade of futures and options contract and also in cash segment from October 01, 2024. These exchanges will collect relatively higher fees from brokers (from the specified date) which may in turn recover those (increased fees) through hike in brokerage fees levied on retail investors. Stock market brokerage firms with higher trading volumes are more likely to hike brokerage fees , according to ICICI Direct. While, those with low volume may not increase at all.

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This analysis stems from revision in transaction fees of trade of options and futures contracts from October 01. The revisions are in line with capital market regulator Securities and Exchange Board of India’s (Sebi) July order which required the Market Infrastructure Institutions (MIIs) like the NSE, BSE, etc to levy uniform fees from trading members (brokerage firms) on trading of F&O contracts and also in the cash segment.

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According to ICICI Direct, the earlier mechanism  of collection of the fees gave advantage to brokers to pay lower transaction fees on higher trading volumes on their platform.  But now, the new mechanism requires these brokers to pay uniform charges regardless of trade volume.

To maintain their profitability, brokers may be forced to increase their fees to compensate for the lost revenue from SEBI’s new rule. Consequently, Zerodha brokerage charges, Groww brokerage charges, etc may  increase as trading volume is higher on their platforms.

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NSEs Transaction Charges in F&O And Cash Segment (Revised):

Cash Market: Rs 2.97 per lakh of traded value for both buyer and seller of securities

Equity Futures: Rs 1.73 per lakh of traded value for both the parties

Equity Options: Rs 35.03 each side per lakh of premium value

Currency Futures: Rs 0.35 per lakh of traded value for both sides

BSE’s Transaction Charges in F&O And Cash Segment (Revised):

Sensex and Bankex options contracts: Rs 3,250 per crore of premium turnover for both the parties

Sensex 50 options and stock options: Rs 500 per crore of premium turnover for both buyer and seller

Also Read: IPO Listings Next Week To See 12 Cos Raising More Than Rs 1,000 Crore On Dalal Street

ABOUT THE AUTHOR

Kanishka Birat

Kanishka Birat

Senior Sub Editor

Kanishka Birat is a news author with four years of experience in journalism. He covers Business news across a wide range of beats, including markets, commodities and personal finance ensuring his readers stay informed about the latest trends and current events. Birat holds a degree in Journalism from Asian College of Journalism, Chennai. Before News24, he has worked with South India based reputable media outlet, TV9 Digital. In addition to his articles, Birat runs a live blog that provides real-time updates on breaking news and trending stories. This interactive platform allows his audience to engage with the news as it happens, enhancing their understanding of important issues. Every piece of news he writes is verified by the team of News Desk before publishing. He is committed to delivering accurate and trustworthy information, making him a reliable source for readers seeking quality content. When he is not writing, she enjoys playing Cricket. You can connect with him on his Twitter handle (@KanishkBirat) for more insights and updates

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First published on: Sep 29, 2024 11:46 AM IST


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