After an awesome campaign upstox added around 1 to 5 lakh clients in 2022. However, many of them don’t know about Upstox Amc Charges. Today in this article, let’s discuss different charges in Upstox with the upstox charges list.
Table of Contents
Introduction
Upstox is a low-cost brokerage company based in India that offers unmatched trading possibilities. On its Upstox Pro Web and Upstox Pro Mobile trading platforms, the company offers trading in several categories including stocks, commodities, currencies, futures, and options.
Kalaari Capital, Ratan Tata, and GVK Davix are among the investors that have funded Upstox. Trading, analysing, charting, and many other trading capabilities are available on the Upstox trading platform. Orders may be placed using a mobile phone or an internet browser on this system.
The Upstox trading network is based on the Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).
Upstox Amc Charges 2023 (upstox account opening charges)
Upstox provides a completely free trading account as well as free equity delivery trading. Upstox Pro allows you to trade Equity F&O, Equity Indra-day, Commodities, and Currency Derivatives. UpStox Pro is UpStox’s premium solution for traders.
Upstox provides stock trading accounts as well as Demat accounts. When trading with Upstox, the client is responsible for all fees, commissions, and taxes. The following is an explanation of Upstox’s charge strategy and trading commission levels:
| Types of Upstox Amc Charges | Fee |
| Trading Account Opening Fee | INR 249 |
| Trading Yearly Maintenance Charges | Free |
| Demat Account Opening Fee (upstox demat account charges) | Free |
| Demat Account Yearly Maintenance Charges | INR 300 |
Charges on Buying & selling
After Upstox Amc Charges, Let discuss charges of buying & Selling. When a client buys or sells shares through Upstox, they pay a fee (brokerage). Upstox’s brokerage fees for stock, commodity, and currency derivative trading are detailed below.
| Section | Brokerage Charges |
| Monthly Charges | N/A |
| Delivery Trading | Free |
| Intraday Trading | INR 20 per trade or 0.05% whichever is less |
| Futures Trading Equities | INR 20 per trade or 0.05% whichever is less |
| Options Trading Equities | INR 20 per trade |
| Futures Trading Currency | INR 20 per trade or 0.05% whichever is less |
| Options Trading Currency | INR 20 per trade |
| Futures Trading Commodity | INR 20 per trade or 0.05% whichever is less |
| Options Trading Commodity | Rs 20 per executed order |
Upstox Demat Account fees 2023
The trading fee is levied apart from the Demat account transactions. Upstox Demat account fees for 2023 can be found below.
| Fee Types | Demat Fees |
|---|---|
| Annual Maintenance charges (AMC) | INR 150 |
| Transaction Fee (Market/Off Market/Inter-depository) | INR 15 per debit instruction + depository Fees at actual |
| Pledge Fee Creation / Closure and Confirmation of both | 0.02% of trade fee subject to a minimum of INR 50 + NSDL/CDSL fees at actual |
| Pledge Fees for Invocation | 0.05% of trade fees subject to a minimum of INR 50 |
| Dematerialization Fee | INR 2 per certificate + courier fees of INR 35 per demat request per 500 grams. |
| Rematerialization fee | INR 25 per certificate or 0.05% of the value whichever is greater |
| SLB Fee | For Securities Borrowings: INR 25 + NSDL/CDSL fees at actual For Securities Lending: INR 25 + NSDL/CDSL Fees at actual |
| Repurchase / Redemption fee | INR 25 per transaction + Depository fees at actual |
| Failed or Rejected Trade | INR 50 per trade |
| Demat Rejection fee | INR 35 per rejection for per 500 grams |
| Adhoc / Non periodic statement requests | Adhoc statement requests – INR 25 (INR 500 for foreign address) per request upto 10 pages. Each additional 5 pages or a portion thereof will be charged at INR 10 + courier / postage fees. |
| E-Mail Statement | Free periodic bills, trade statements & other communication through email. |
| Cheque Bounce fees | fees applied based on fees as determined by our bankers |
Upstox Transaction Fee (Exchange Turnover Fee)
Exchange Turnover Charge and Trade Clearing Charge together. Get more information regarding Transaction Fees below:
| Segment | Transaction Fee |
| Delivery Trade | NSE INR 345 per Cr (0.00345%) | BSE INR 300 per Cr (0.003%) (Both side) |
| Intraday Trade | NSE INR 345 per Cr (0.00345%) | BSE INR 300 per Cr (0.003%) (Both side) |
| Futures Trade Equity | NSE INR 200 per Cr (0.002%) |
| Options Trade Equity | NSE INR 5300 per Cr (0.053%) (on premium) |
| Futures Trade Currency | NSE INR 130 per Cr (0.0013%) | BSE INR 26 per Cr (0.00026%) |
| Options Trade Currency | NSE INR 2900 per Cr (0.029%) | BSE INR 2600 per Cr (0.026%) |
| Commodity Trades | Group A – INR 290 per Cr (0.0029%) |
Trading Taxes in Upstox
In addition to the brokerage, Upstox levies regulatory taxes and fees. These Upstox trading taxes are included in the contract note that is emailed to the consumer at the end of the day. The Upstox tax may be calculated using the table below.
| Taxes in Upstox | Cost |
| STT (Securities Transaction Tax) |
|
| Exchange Transaction Fees | Refer List Above |
| GST Tax | 18% on (Brokerage & Transaction Fee + SEBI Fee) |
| SEBI Fees | 0.00005% (INR 5/Crore) |
| Stamp Duty | (Just on buy side) Delivery Trade: 0.015%, Intraday Trade: 0.003%, Futures trade Equity: 0.002%, Options Trade Equity: 0.003%, and Currency F&O: 0.0001%.
Futures Trade Commodity: 0.002%, Options trade Commodity: 0.003% (MCX) |
Upstox maintenance charges
Regardless of the size of the transaction, Upstox fees a set brokerage fee. It has two plans: Basic and Priority, in which delivery trades are free but intraday fees are charged.
On intraday, futures, and options, the priority plan offers you more power. In NSE/BSE Cash, for instance, the leverage is 15x in the basic plan and 20x in the priority program.
| Regular Brokerage | Priority Brokerage | |
| Section | Fee | Fee |
| Delivery Trade | Free | Free |
| Intraday Trade | INR 20 per trade or 0.05% (whichever is less) | INR 30 per trade or 0.10% (whichever is less) |
| Equity, Currency, Commodity Trade Futures | INR 20 per trade or 0.05% (whichever is less) | INR 30 per trade or 0.10% (whichever is less) |
| Equity, Currency & Commodity Trade Options | Flat INR 20 per trade | Flat INR 30 per trade |
It also levies a Rs 150 account opening cost for equities and FnO trading and a Rs 150 account opening fee for commodity trading. The annual maintenance charge for a demat account is Rs 150.
How Fees & Charges are calculated in Upstox?
Upstox is a cheap stock broker that offers flat-rate brokerage for BSE, NSE, and MCX trading. Upstox provides a brokerage-free (Cash & Carry) stock delivery service. In all other categories, it charges a fixed Rs 20 per completed order for intraday and F&O.
| Section | Trading | Brokerage cost | Fee |
| Delivery Trade | Purchased 1000 Stocks of Infosys | Free | INR 0 |
| Delivery Trade | Selling 100 stocks of Infosys | Free | INR 0 |
| Intraday Trade | 100 Infosys Stocks Purchased at 2000 and Sell at 2100 | INR 20 per trade or 0.05% (whichever is less) | INR 40 |
| Futures (F&O) | HDFC Future 1 Lot 3000 Buy (328) | INR 20 per trade or 0.05% (whichever is less) | INR 20 |
| Futures (F&O) | HDFC Future 1 Lot 3000 Sell( 340) | INR 20 per trade or 0.05% (whichever is less) | INR 20 |
| Options (F&O) | HDFc Options 1 Lot 3000 Buy (6.75) | Flat INR 20 Per trade | INR 20 |
| Options (F&O) | SBIN Options 1 Lot 3000 Sell at 18 | Flat INR 20 Per trade | INR 20 |
Note:
In addition to the brokerage fee, taxes, exchange turnover fees, demat debit transaction fees, and other fees are levied.
Customers that want more leverage can choose the Priority Brokerage Plan. This plan has a fixed brokerage of Rs 30 per transaction.
How do they operate?
Upstox is a competitive brokerage that operates online. It provides the majority of its services online and has a little physical footprint. The firm exclusively provides trading and mutual fund services, with no additional services such as research, wealth management, or relationship management.
To use the firm ‘s digital trading and investing services, clients must first create an account with them. Upstox operates on a fixed brokerage framework, charging a flat service charge of Rs 20 per executed order, regardless of trade value.
Upstox Pro, an indigenous trading platform, and Fox Trader, a third-party trading programme, may both be used to place Purchase and Sell trades.
Is Upstox Safe?
After kowning Upstox Amc Charges 2023, Let’s talk about safety. Upstox is a genuine stock broker. It is a trademark of RKSV Securities India Pvt Ltd, a Mumbai-based firm that has been in operation since 2012. RKSV Securities is member of NSE, BSE, MCX, CDSL, and NSDL.
As of January 2020, Upstox is India’s second largest discount stock broker, with over 5 lakh active consumers. It is one among India’s fastest-growing financial firms. Mr. Ratan Tata is among the firm ‘s stakeholders.
Upstox (RKSV) Membership Information:
- RKSV Securities CIN No.: U74900DL2009PTC189166
- SEBI Registration Number : INZ000185137
- NSE Member Code Number: 13942
- MCX Member Code Number: 46510
Is Upstox Sebi Registered?
Yes, RKSV Securities, a subsidiary of Upstox, is a SEBI-registered entity. INZ000185137 is the firm’s SEBI registration number. It is also a participant of the BSE, NSE, MCX, CDSL, and NSDL exchanges.
Conclusion
Now you know all the upstox charges. Upstox is among the best discount brokerage firms. You need not to worry about them regarding safety & security of your assets.
This is all from our side regarding upstox annual charges. However, if you have any doubts about upstox annual maintenance charges you can just comment below.
Other Interesting blogs related to upstox annual charges.
How to Close Upstox Account Online
FAQ About Upstox Maintenance Charges
Upstox Charges calculator?
You can find the Charges calculator on Upstox Website & in this blog as well.
Upstox customer care number?
Upstox customer care number is +91-22-6130-9999.
Upstox charges vs Zerodha
The fee to open a trading account with Zerodha is INR 200, while the fee to open an account with Upstox is INR 249. The annual maintenance fee for a Zerodha demat account is INR 300, and the annual maintenance fee for an Upstox demat account is INR 300. Upstox brokerage costs are INR 0 (Free) for equities and INR 20 per completed order or.03 percent whichever is lower, while Zerodha brokerage fees are INR 0 (Free) for equity and INR 20 per completed order or 0.05 percent whichever is lesser.
Upstox DP charges?
NSE: 0.00345 percent on buy and sell trades. Only on sale, Rs. 18.5 per share per day. 20 rupees every completed order, or 0.05 percent (whichever is less).
Upstox charges list
You can find the lists of Upstox charges.
