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5Paisa AMC Charges
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Do you have a demat account with 5paisa and want to know about the AMC? If yes, then go through this piece of information on 5paisa AMC charges.
5paisa is a discount broker in India whose headquarters are located in Thane, Maharashtra. But, before becoming an independent firm, 5paisa was an arm of IIFL, which offers the services into the main three domains. Those domains were as follows:
- Online tradingĀ
- Insurance
- Mutual Funds
5paisa is controlled and monitored by SEBI and is also registered with both the depositories i.e. CDSL & NSDL and allows an investor to trade with various stock exchanges, including NSE, BSE, and MCX.
Review 5paisa Demat Account login process in detail and reap the benefits.
Basically, the Account Maintenance Charge (AMC) refers to the fee that is being charged by the stockbroker to manage or maintain the demat account of the customer.Ā
It is only relevant for the demat account, which means the trading and the commodity accounts donāt need to have a maintenance charge.
To know about the 5paisa AMC charges details, read the entire piece of information.
AMC Charges in 5Paisa
From January 1st, 2021, the revised and latest 5paisa charges that will be pertinent to the demat account holders are mentioned below.
The following table will brief you about the AMC of 5paisa. Letās get started!
| AMC Charges in 5 Paisa | |||
| Value of the securities held on monthās last day | Basic Pack | Power Investor Pack | Ultra Trader Pack |
| Up to Rs. 50,000 | ā¹ 0 | ā¹ 0 | ā¹ 0 |
| Rs. 50,000- Rs. 2,00,000 | ā¹ 8 | ā¹ 8 | ā¹ 8 |
| Above Rs. 2,00,000 | ā¹ 25 | ā¹ 25 | ā¹ 25 |
To understand the table in brief, here is a gist of the above table:
- If the value of the securities that are being held by the investor on the last day of the month is up to Rs. 50,000, then the AMC will be zero in each pack. So, in this case, the investor doesnāt need to pay a single penny for the AMC.
- In the second case, if the value of the securities that are being held by the investor on the last day of the month is from Rs. 50,000- Rs. 2,00,000, then the AMC will be Rs.8 in each pack. So, in this case, the investor needs to pay Rs. 8 for the AMC to maintain his demat account.
- Now, if the value of the securities that are being held by the investor on the last day of the month is above Rs. 2,00,000, then the AMC will be Rs.25 in each pack. So, in this case, the investor needs to pay Rs. 25 for the AMC to the broker for maintaining his demat account.
- In the last option, if the value of the securities that are being held by the investor on the last day of the month is less than Rs. 2,00,000, then the AMC will be Rs.25. So, in this case, also, the investor needs to pay Rs. 25 for the AMC to the broker for maintaining his demat account.
If you have a demat account with 5paisa and want to manage it, then you can check the above table and can pay accordingly.
Also Read: 5paisa Back Office
Just like opening the demat account online, you can pay 5paisa AMC charges online too.
And after checking the AMC of the firm, if you want to open the demat account with 5paisa, fill in the form below and the executive will revert you back with a phone call.
ConclusionĀ
5paisa is indeed a discount broker that offers the reliable AMC to maintain the demat account of the clients.
In contrast to specific other fees that may be waived, a Demat account holder must pay the customer for the services provided as an annual maintenance charge or AMC.
The 5paisa AMC charges services are meant to maintain the demat account of the customers so that they can trade efficiently. If you are facing difficulty while operating 5paisa app, know how to trade in 5paisa and reap its perks.
However, since the pressure between DPs is still strong, for the first year, some companies can decide to suspend the AMC charges to attract clients.
The account maintenance charge (AMC) refers, in general, to the fee the stockbroker charges for handling or retaining the customer’s demat account.
It only applies to the demat account, which does not require a maintenance charge for trading and commodity accounts.
The above information was for the traders who have a demat account with the firm and for those who are deciding to get connected and avail of the 5paisa benefits.
Enjoy trading with 5paisa!
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