TRANSACTION COSTS

Transaction cost applicable for equity & debt securities given below:

Equity - with effect from 27th June 2017
Transactions up to Rs. 100 Million - 1.12%

Divided as follows:

Brokerage Fees
0.640%
CSE Fees
0.084%
CDS Fees
0.024%
SEC Cess
0.072%
Share Transaction Levy
0.300%

Transactions over Rs. 100 Million

Minimum brokerage(floor)
0.200%
CSE Fees
0.0525%
CDS Fees
0.0150%
SEC Cess
0.0450%
Share Transaction Levy
0.300%

Transaction Cost will be applied on a step up basis for transactions over Rs. 100 Million.

Eg : Consider a transaction of Rs.102Mn. The transaction cost of 1.12% will be applicable for the first Rs. 100 Million and 0.6125%* will be applicable for the balance amount, as in the example below:

Transaction Value Consolidated Fees
Rs. 100 Million 1.1200 %Rs. 1,120,000
Rs. 2 Million 0.6125* %Rs. 12,250
Rs. 102 Million-Rs. 1,132,250

*0.6125% includes the negotiated brokerage assumed as 0.2% for the purpose of this calculation.

TRANSACTION OF RS. 1 BILLION AND ABOVE (per trade value)

As per the SEC directive issued on 18th March 2024, the brokerage fees for transactions of Rs.1 Billion and above will be negotiable with effect from 31st March 2024. For this purpose, per transaction value will be considered.

The calculation of CSE, SEC, CDS fees and share transaction levy will remain unchanged.

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. 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).Share Transaction Levy will be charged from both sides of the transaction.

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

Eg:

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

Bought
1,000
Sold
1,000
Bought
4,000
Sold
2,000
Sold<
1,000

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

Bought
500
Sold
1,000
Bought
300
Sold
500
Bought
100

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.

Note: In instances where fixed brokerage applies, a Stockbroker Firm may receive not less than 50% of the applicable brokerage from a foreign client, only 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

Brokerage Negotiable with a Cap of 1 %
CSE Fee 0.02%
CDS Fee 0.01%
SEC Cess 0.02%

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