Edelweiss Intraday Charges

Generally, brokers levy varying charges on different financial segments. It is one of the reasons why learning about Edelweiss intraday charges is necessary.

Edelweiss charges are based on the brokerage plan selected by the trader or investor.

But before we jump to the discussion of Edelweiss intraday charges, we need to learn about the broker a bit.

Edelweiss was founded in 1995 to help its customers grow and earn huge profits. Transparency is at the center of the companies’ core values.

Edelweiss is a full-service stockbroker and is SEBI (Securities and Exchange Board of India) registered.

It is a registered depository participant with NSDL (National Securities Depository Limited) and extends the mutual fund investment service with authorization from AMFI (Association of Mutual Funds of India).

It is a member of various exchanges like NSE (National Stock Exchange), BSE (Bombay Stock Exchange), MCX (Multi Commodity Exchange), NCDEX (National Commodities and Derivatives Exchange), and MSEI (Metropolitan Stock Exchange of India).

You must be sure of these aspects before you sign up with Edelweiss to open a demat account. Let’s discuss the Edelweiss intraday charges in detail.

Edelweiss Intraday Brokerage

Edelweiss intraday brokerage is charged according to the plan you choose while signing up for the Edelweiss demat account.

There are two brokerage plans – Lite and Elite. In either of these, the Edelweiss intraday charges are lower as compared to its competitors.

If a trader or investor selects the Lite brokerage plan for intraday trading, they are charged ₹10 per order as Edelweiss intraday charges. On the other hand, in the Elite brokerage plan, they charge 0.03% as brokerage.

This information has been tabulated below for easier understanding:

 

For example, if you buy 1000 shares of Infosys each priced at INR 400, then your total transaction turnover would be INR 400,000.

In the case of the Lite brokerage plan, you will be charged a brokerage of flat ₹10 while if you had opted for the Elite brokerage plan, in that case, the brokerage would have been much higher.

Mathematically speaking, ₹400,000 X 0.03 i.e. ₹120.

This implies you would have saved ₹110 if you had chosen the Lite brokerage plan with Edelweiss Trading.

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Conclusion

Edelweiss is a full-service broker that follows its core value with utmost sincerity. It prioritizes the benefits of its customers and helps them earn huge profits.

It has two brokerage plans with distinctive charges for a variety of financial segments. The details of brokerage charges have been explained above.

The Edelweiss intraday charges in the two plans are minimal and among the lowest in the category.

Wish to open a Demat Account? Please refer to the below form

 

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