Brokerages revise charges as Sebi's true-to-label norms take effect

Quick Summary:

Until now, the MIIs were collecting charges slab-wise, dependent on the volume or turnover of the stock broker.

Angel One has revised upwards its charges, while Zerodha has maintained the status quo on rates for now.

Zerodha said the hike in STT “results in the cost of trades seeing a net increase of 0.02303 per cent or Rs 2,303 per crore of premium on the selling side on NSE and of 0.0205 per cent or Rs 2,050 per crore on BSE.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Angel one Zerodha Stock market Sebi

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 19:17:25 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 583 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22838759

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