Revised Charges Schedule for VAP

Dear Valued Customer

Angel One Limited would like to bring to your attention that the pricing levied by Angel One for trades undertaken on the Angel One platform have been revised as follows:

1. Securities Transaction Tax and other regulatory pricing revisions (“Revised Regulatory Charges”) effective on and from 1 October 2024.

a) Securities Transactions Tax:

• Sale of futures in securities: STT shall be revised to 0.02% from 0.0125%
• Sale of options in securities: STT shall be revised to 0.1% of premium from 0.0625%

b) Investor Protection Fund Trust (IPFT) Charges:

• NSE Equity and NSE futures – INR 10 per crore of traded value + 18% GST
• NSE Equity options – INR 50 per crore of premium value for NSE Equity options + 18% GST
• NSE Currency – INR 2 per lakh of premium value for options and 0.05 per lakh of the traded value for futures + 18% GST

c) NCDEX Risk Management Fee @ 0.10% (INR 100 per lakh) on the Premium value of every fresh overnight open interest position

d) Exchange Transaction Charges:

• MCX – Futures – 0.00210%, Options stands revised to 0.0418% from 0.05%
• NSE – Cash 0.00297%, Equity futures 0.00173%, Equity options 0.03503%, Currency futures 0.00035%, Currency and interest rate options 0.0311%
• BSE – Index/stock futures 0, Sensex 50/Stock options 0.0050%, Sensex/Bankex options 0.0325%
• NCDEX – Futures 0.0058%, Options 0.03%, Guar seeds options 0.015%

e) Depository Participant Charges:

Equity ISINs: INR 20 + GST, split as below:

(Male – INR 3.5 (CDSL) + INR 16.5 (Angel One Charge)

(Female – INR 3.25 (CDSL) + INR 16.75 (Angel One Charge)

Mutual Fund and Bond ISINs: INR 20 + GST, split as below:

(Male – INR 3.25 (CDSL) + INR 16.75 (Angel One Charge)

(Female – INR 3.00 (CDSL) + INR 17.00 (Angel One Charge)

f) Pledge / Unpledge Charges:

• • • Margin pledge/unpledge/invoke: INR 20 + GST, split as below:
      INR 5 (Depository) + INR 15 (Angel One Charge) + GST
    • MTF pledge/unpledge/invoke: INR 20 + GST, split as below:
      INR 12 (Depository) + INR 8 (Angel One Charge) + GST
    • CUSPA pledge/unpledge/invoke: INR 20 + GST, split as below:
      INR 5 (Depository) + INR 15 (Angel One Charge) + GST

 

2. Brokerage and other commercial pricing revisions (collectively, “Revised Commercial Charges”) effective on and from 1 November 2024

a) Annual Maintenance Charges of INR60/quarter for Non-BSDA accounts from 2nd year onwards

b) Cash Collateral Margin Shortfall in excess of INR 50,000: Interest charge of 0.0342% per/day

50-50 Split

With a view to ensure better risk management and financial stability in the market, SEBI has notified SEBI Margin Rules as per which the stockbrokers are required to ensure that a minimum of 50% of the total margin required from a client is in the form of cash or cash equivalents. The remaining 50% of the margin can be in the form of pledged securities or cash equivalents or cash. Accordingly, you are required to provide 50% of the total margin in the form of cash or cash equivalent and you may provide the remaining 50% margin in the form of pledged securities or cash equivalent or cash, as you may deem fit.

Interest Charges to be levied by Angel One

For cash or cash equivalent margin shortfall exceeding INR 50,000, interest of 12.5% annual (or 0.0342% per day) shall be charged on the excess amount.

Peak Margin Shortfall

Interest shall be charged on the peak margin shortfall i.e. even if a margin shortfall occurs only for some time during the trading day and the position is squared off at the end of the day.

Example:

If total margin requirement is INR 2,00,000 on your trade, you need a minimum of INR 1,00,000 in cash or cash equivalents (Ledger cash, Liquid Bees, Certain Debt Mutual Funds etc). You can contribute the remaining INR 1,00,000 in pledged securities and/or cash equivalents. If the cash or cash equivalent available in your account is less than INR 1,00,000, you shall be charged interest on the remaining amount in excess of INR 50,000 of cash shortfall that is provided by Angel One.

c) Interest on outstanding dues under Margin Trading Facility (MTF) shall be revised to 14.99% per annum chargeable fortnightly.

By continuing the use of our platform, it shall be deemed that you have consented to the levy of the Revised Regulatory Charges for trades undertaken on and from 1 October 2024 and the levy of the Revised Commercial Charges for trades undertaken on and from 1 November 2024.

In case of any queries, please write to support@angelbroking.com on or before 30 October 2024. In the event: (i) no communication is received from you by the 30 October 2024, or (ii) you continue using our platform despite having raised any query, it shall be deemed that you have consented to the levy of the aforesaid pricing changes for trades undertaken on and from 1 October 2024, and 1 November 2024, respectively, as stipulated above.

We are determined to provide you our services with utmost transparency and efficiency.

Thank You,

Angel One Limited