Compositedge Demat Account Charges, Review, Opening


-5.79% 1,368 Clients

Compositedge is a Bangalore based discount stockbroker offering broking and depository services to investors in India. The broker has started providing financial services in 1995.

The broker provides demat account opening services with Central Depository Services Limited (CDSL).

Compositedge offers truly discounted brokerage service and technologically advanced trading platforms. Demat account services are also one of the primary services offered by Compositedge as a part of its 2-in-1 account. You can open both trading and Demat account with the broker for seamless transactions between the two.

Benefits of Demat Account Opening:

  • Transfer securities from the Demat account immediately
  • Hold securities in the dematerialized format
  • Can hold debt and equity both types of instruments
  • Doesn't charge stamp duty on securities transfer
  • Use shares in Demat account against margin for future and option segment
  • Bonus, dividend, public issue, and credit of rights are auto credited
  • Receive bills and account statement through email and hard copy
  • Get SMS alerts for debits and credits
  • Checklist of holdings using back-office software

Types of Demat Account Offered by Compositedge:

  • Individual Account
  • Corporate Account
  • NRI Account

Account Opening Documents

Here are the documents you will need to open an account with Compositedge broker:

Demat Account Opening application form-

  • Proof of Identity- PAN card/UID (Aadhaar)/ Passport/ Voter ID/ Driving License
  • Passport size Photograph
  • Identity card or photo authentication issued by Professional Bodies/ Colleges affiliated to Universities commercial banks, public sector undertakings/ credit or debit card issued by the banks
  • Address Proof- Passport/ Driving Licence/ Original Utility Bills/ Bank Statement (not older than 6-months)/ Ration Card/ Aadhaar Card/ Voter's ID
  • Bank account details
  • Proof of income- Recent IT Returns/ Salary Slip/ D-mat account statement/ bank statement (recent 6-months) attested by bank official/ Net worth certificate/ recent D-mat account statement

Compositedge Demat Account Opening Charges

Compositedge charges zero AMC or annual maintenance charges. The broker allows depository account with CDSL. You have to pay ₹400 for opening an account with the broker. This is the only fee you have to pay for a lifetime. The best thing about Compositedge is that it doesn't charge anything as an annual maintenance charge.

Open Account with Compositedge

Compositedge offers a mix of online and offline account opening. Here is the process of Demat account opening with Compositedge:

  • Download the application form from the website or request the broker to send the pdf form through the mail. 
  • Fill the form with the required information
  • Attach the documents required for account opening
  • Submit the form and documents to the broker
  • As they receive the application, they ask for In-person verification to complete at the broker's office
  • After completing the application successfully, you will receive the account details.

Compositedge Demat Account Opening Charges

To open a new demat account with Compositedge, the customer may have to pay demat account opening charges. The broker may also charge Annual Maintenance Charges (AMC), a yearly fee to maintain the demat account.

ServiceCharges
Demat Account Opening Fee₹100
Demat Account Annual Charges (AMC)₹300

Compositedge Demat Account Charges

Composite Investments Depository Service Charges for Resident Retail Customers

Sr Services Charges
1 Account Opening Charges ₹100
2 Annual Maintenance Charges (AMC) ₹25 + service tax per month
3 Transaction Charges per ISIN:  
  Buy (Receive) Nil
  Sell(Debit) ₹15 + ₹5.50 (CDSL Charges)
4 Inter Depository Transfer:  
  Buy (Receive) Nil
  Sell(Debit) 0.02% or Rs.8 whichever is higher + Rs.5.50 (CDSL) Charges)
5 Demat (Per certificate) ₹2 + ₹30 as courier charges
6 Remat (Per ISIN) ₹15 + ₹10 for every 100 shares or part thereof or a flat fee of ₹10 per certificate whichever is higher
7 Courier charges per Demat/Remat request ₹30
8 Pledge per ISIN ₹20 + ₹12 per request
9 Unpledge per ISIN ₹20 + ₹12 per request
10 Pledge Invocation per ISIN ₹20 per request
7 Pledge closure confirmation ₹50 per request or 0.02% of the value of securities, whichever is higher
8 Pledge Invocation ₹50 per request or 0.02% of the value of securities, whichever is higher
9 Periodic Statement:  
  By Email Nil
  Physical ₹30(Courier Charges)
10 Adhoc/Non Periodic Statement Requests:  
  By Email ₹50per request
  Physical ₹50 per request upto 10 pages. Every additional page at ₹5 + ₹30 (Courier Charges)
11 Delivery Instructions:  
  First Delivery Instruction Book(10 leaves) Free
  Every Additional Booklet ₹30 (Courier Charges)
12 Late Transaction Fee Nil
13 Cheque Bounce/ Per cheque ₹100
14 Failed Transactions ₹50 per ISIN
15 Account Closure Nil

Frequently Asked Questions

  1. 1. How much fee Compositedge charge for Demat account opening?

    Compositedge charges zero account opening charges. You only have to pay a one-time fee of ₹400 while opening the account. Annual maintenance charges of Compositedge is also zero. Although, you have to pay transaction charges for debit and credit of securities from and to the Demat account.

     

  2. 2. How does Compositedge complete in-person verification while being outstation?

    In-person verification for NRIs is completed through a web-cam. Additionally, the clients can also submit either self-attested utility bills and photocopies of address proof.

     

  3. 3. Is IPV a mandatory process by Compositedge?

    The resident investors can complete the in-person verification either through web-cam or visiting the Compositedge branch. If you are out-station, you can submit self-attested utility bills or self-attested copy of address proof.

     

  4. 4. How can clients use shares in Demat account for margin in the F&O segment?

    IIFL is the clearing member of Compositedge for clearing the trades. The clients can utilize margin against shares in the Demat account by taking the pledge with the clearing partner IIFL.

    But, for moving shares from the Demat account whether in or out, you have to pay charges. The broker charges Rs 20/ and -+12 per order request as a CDSL charge for pledging and unpledging of shares.

    You have to send a request mail for pledging of shares. Unpledging of shares must be one day prior to placing orders to sell stocks.

     

  5. 5. How to Close Demat Account with Compositedge?

    Here is the process to close the account with the broker:

    • Download the Account Closure form from the 'Download Center' in the Compositedge Website
    • Take a printout of the Demat Account Closure PDF form
    • Fill the details and attach a self-attested copy of PAN card
    • Send the form to the broker, along with unused DIS booklet, to the address provided in the form

     

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Read more about Compositedge

  1. Contact Compositedge for trading & demat account.
  2. Compositedge Website: http://www.compositedge.com
  3. Registered Office: Composite Investments Pvt Ltd, No. 30/1, 3rd Floor,
    S J Towers, Mission Road, Bangalore - 560027
  4. Phone: 9844700001, 080 4114 5828, 080 4114 5829
  5. Email: help@compositeinvestments.com

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Information on this page was last updated on Sunday, April 19, 2020


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