Transaction Costs

Transaction cost applicable for equity & debt securities given below:

Equity - with effect from 1st January 2011

Transactions up to Rs. 50 Million - 1.12%

Divided as follows:

The CSE trading records will indicate the brokerage as zero for transactions over Rs. 50 Mn. The Broker Firms are expected to insert 0.2000% or a higher percentage which is negotiated with the client as the brokerage before printing the Bought/Sold Notes.

Intra day Trading

With effect from 15th February 2006, the transaction fee due to the broker, CSE, CDS and SEC on intra day trades, where a client buys and sells or sells and buys the same security on the same day through the same broker will not be charged on one side of the transaction.

(Please note that Share Transaction Levy will be charged on both sides of the Transaction)

• In the event the total number of shares purchased does not equal the total number of shares sold, the transaction fees as detailed above will not be levied on the lower quantity of shares either purchased or sold.
• In the event the total quantity purchased is equal to the total quantity sold the transaction fees will not be levied from the sales transaction.

Please note that the total purchases and sales of a client in the same security will be considered for purpose of determining the exemption of the Brokerage, CSE, CDS and SEC fees (transaction fee).

Eg:

1. Client X's trades in ABC shares on particular day

Total Purchases = 5,000 shares
Total Sales = 4,000 shares

No transaction fee will be levied on the 4,000 shares sold, apart from the Share Transaction Levy.

II. Client V's trades in ABC shares on a particular day

Total Purchases = 900 shares
Total Sales = 1,500 shares

No transaction fee will be levied on the 900 shares purchased, apart from the Share Transaction Levy.

Crossings (Block Trades) will not be considered for the exemption of Brokerage, CSE, CDS and SEC fees.

Note:

A Member Firm may share 50% of the brokerage with a foreign broker if a foreign broker is involved in a transaction.

Corporate Debt

Brokerage - Negotiable

Fees (SEC, CSE & CDS) - 2 Basis Points (Divided equally amongst the three institutions)

Government Debt

Brokerage - Negotiable

Closed End Funds

Fees based on a Percentage (%) of the Transaction value

Share Transaction Levy will not be applicable for units of Closed-end Funds.