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could you please tell me the commodity brokerage in Angel broking

Thanks in advance

It depends.It goes lower downto 300/-per crore in Commodities.

 

[vikrammg]

what are turnover charges? if we do less turn over they wouldn't charge that or what?

 

[madhavpv]

Hello Poulomi,

Thanks a lot for the info...
Can you please ellaborate this one "Shares pay-in obligation is on T+3 as against T+4 for shares pay-out to concerned clearing houses." as I am a newbee and I do only know that for STBT in equity you must have shares in delivery..

Regards,
Madhav

Hi! Madhav, Angel does provides BTST & STBT facilities & trust me there are no additional charges for the same. However, for STBT, you need to have shares in delivery. I trust you are aware that for STBT(excluding F&O), Shares pay-in obligation is on T+3 as against T+4 for shares pay-out to concerned clearing houses. Chances of Auction couldnt be ruled out in absence of shares in delivery. Because of such criticalities, I believe no broking house provides STBT in equities. Good Luck!:thumb:

 

[Poulomi]

Hi Raj,

Average brokerage charged by Angel to its normal retail clients in Commodity segment is Rs 1000/- per crore. However, for an HNI trader or investor, Angel may negotiate till Rs 300 per crore as mentioned by bhartendu in the blog below provided the daily volumes of client is above 10-15 crores. Good Luck! Cheers!:thumb:

It depends.It goes lower downto 300/-per crore in Commodities.

 

[manishatklm]

Angel changes all charges wef 01 Jun 2010. Minimum brockrage will charges rs. 30 per day / contract note. Further, charges of Rs. 11 for transfer per script either from pool or from demat.

 

[Poulomi]

Hi! Madhav,

Exchanges in India currently follow T+2 rolling settlement which means If you sell 100 shares of Reliance today(TUESDAY) at Rs. 1000, then you have an obligation to submit/pay (Pay-In) 100 Reliance shares & receive(Pay-out) Rs. 100,000 on T+2 day i.e. THURSDAY. Now, Lets consider STBT case, wherein you bought 100 shares of Reliance tomorrow at Rs. 990 i.e. on WEDNESDAY, then you have an obligation to receive(Pay-Out) 100 Reliance shares & pay(Pay-In) of Rs. 99000 on FRIDAY. Since you are unable to fulfill your obligation of 100 shares of Reliance on THURSDAY, Clearing houses at NSE/BSE would initiate Auction on FRIDAY(T+3) to buy 100 Reliance shares from market participants for the original buyer. STBT is very much possible in Futures & Options. Hope to have clarified your query. Do let me know in case you have any further queries. Cheers!

Hello Poulomi,

Thanks a lot for the info...
Can you please ellaborate this one "Shares pay-in obligation is on T+3 as against T+4 for shares pay-out to concerned clearing houses." as I am a newbee and I do only know that for STBT in equity you must have shares in delivery..

Regards,
Madhav

 

[kaushikbanerjee]

Hi Raj,

Average brokerage charged by Angel to its normal retail clients in Commodity segment is Rs 1000/- per crore. However, for an HNI trader or investor, Angel may negotiate till Rs 300 per crore as mentioned by bhartendu in the blog below provided the daily volumes of client is above 10-15 crores. Good Luck! Cheers!:thumb:

Please write in % terms like 0.01% instead of Rs.1000 per crore.
Although crore crore sunne mein maja aata hai...

 

[Poulomi]

Hi! Kaushik,

I actually meant 0.01% or 1 Paisa for Retail clients & 0.003% or 0.3 Ps for HNI Clients. Cheers!

Please write in % terms like 0.01% instead of Rs.1000 per crore.
Although crore crore sunne mein maja aata hai...

 

[kaushikbanerjee]

Hi! Kaushik,

I actually meant 0.01% or 1 Paisa for Retail clients & 0.003% or 0.3 Ps for HNI Clients. Cheers!

Ya, I understood it and can do the maths :lol:
But it is better to read in % terms or in paisa.

Anyway, r u doing commodity trading ? with angel?

 

[Poulomi]

Hi! Manish,

Just wanted to update you that Angel broking or for instance No broking house can actually charge more than 2.5% brokerage to its clients, on any given day for trading, as the same has been prescribed by SEBI/Exchanges. Please recheck fundamentals. Besides, pool to pool transfer charges are not something new and are being levied by many broking houses viz., MOSL, India Infoline, Share khan etc. .. I am 100% sure on this. So chill!

Angel changes all charges wef 01 Jun 2010. Minimum brockrage will charges rs. 30 per day / contract note. Further, charges of Rs. 11 for transfer per script either from pool or from demat.