JM Financial Brokerage Charges, Fees, AMC, Transaction Charges 2020


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JM Financial Services Ltd (JM Financial), a dedicated financial arm of JM Financial Group, was incorporated in 1999. It operates in the cash market, derivatives and currency futures segments. JM Financial is a member of cash and derivative segment of NSE and BSE. It is also a DP with CDSL and NSDL. It operates in Currency Futures & Optionss segment... Know more about JM Financial Services Limited

JM Financial Account Charges

JM Financial offers stock trading account and demat account services. Customer pays the fees, commission and taxes while trading with JM Financial. JM Financial fee structure and trading commission rates are explained as below.

To open JM Financial account you have to pay account opening charges and annual maintenance charges (AMC).

JM Financial Account Open Charges | JM Financial AMC 2020

TransactionFee
Trading Account Opening Charges (One Time)
Trading Annual Maintenance Charges AMC (Yearly Fee)
Demat Account Opening Charges (One Time)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)

JM Financial Brokerage Charges 2020

Customer pays commission (brokerage) when buying or selling stocks through JM Financial. The brokerage charges for equity, commodities and currency derivative trading for JM Financial are explain as below.

JM Financial

SegmentBrokerage Fee
Monthly Fee (Fixed)
Equity Delivery
Equity Intraday
Equity Futures
Equity Options
Currency Futures
Currency Options
Commodity Futures
Commodity Options

JM Financial Trading Taxes

JM Financial charges several government taxes and fees in addition to the brokerage. These JM Financial trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the JM Financial tax calculation.

JM Financial Tax on Trading

Tax JM FinancialRates

Securities Transaction Tax (STT)

  • Equity Delivery: 0.1% on both Buy and Sell
  • Equity Intraday: 0.025% on the Sell Side
  • Equity Futures: 0.01% on Sell Side
  • Equity Options: 0.05% on Sell Side(on Premium)
  • Commodity Futures: 0.01% on sell side (Non-Agri)
  • Commodity Options: 0.05% on sell side
  • Currency F&O: No STT

Exchange Transaction Charges

Refer table above

GST

18% on (Brokerage + Transaction Charge)

SEBI Charges

0.00005% (₹5/Crore)

Stamp Duty

(On buy side only) Delivery: 0.015%, Intraday: 0.03%, Equity F&O: 0.002%, Commodity F&O: 0.002% and Currency F&O: 0.0001%.

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JM Financial Competitors Review

Information on this page was last updated on Thursday, August 4, 2016


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