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Edelweiss Charges
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Edelweiss is a full-service broker that is registered with SEBI (Securities Board of India). Learning about the Edelweiss charges is a must before you subscribe to its services by opening a Demat account with them.
But before jumping to the discussion of charges, we must know about the stockbroker.
Edelweiss was incorporated in 1995 to focus on long term growth and returns. The broker is registered with NSDL (National Securities Depository Limited) as a depository participant.
Currently, it is a member of BSE (Bombay Stock Exchange), NSE (National Stock Exchange), MCX (Multi Commodity Exchange), MSEI (Metropolitan Stock Exchange of India),Ā and NCDEX (National Commodity and Derivatives Exchange).
It also facilitates Mutual fund investments as it is authorized by the AMFI (Association of Mutual Funds in India).
Now that the base is set letās talk about Edelweiss charges in detail.
Edelweiss Charges List
The Edelweiss charges list is a long one. Most of these charges are fixed for all the brokers alike. So, below is a list of all these charges:
- Edelweiss Brokerage Charges
- Edelweiss Lite Plan Charges
- Edelweiss Elite Plan Charges
- Edelweiss Demat Account Charges
- Edelweiss Trading Account Charges
- Edelweiss AMC Charges
- Edelweiss Margin Trading Charges
- Edelweiss Intraday Charges
- Edelweiss Delivery Charges
- Edelweiss Option Charges
- Edelweiss Pledged Charges
Letās discuss them in detail, one by one.
Edelweiss Brokerage Charges
Edelweiss charges brokerage via two plans – Lite and Elite. The charges for various segments have been listed below:
| Edelweiss Brokerage Charges | ||
| Trading Segment | Edelweiss Lite Brokerage Plan | Edelweiss Elite Brokerage Plan |
| Equity Delivery | ā¹10 per order | 0.300% |
| Equity Intraday | ā¹10 per order | 0.300% |
| Equity Futures | ā¹10 per order | 0.300% |
| Equity Options | ā¹10 per order | ā¹75 per lot |
| Currency Futures | ā¹10 per order | 0.020% |
| Currency Options | ā¹10 per order | ā¹20 per lot |
Irrespective of the trading segment and style, the Lite plan charges ā¹10 per order. On the other hand, the Elite plan charges varied amounts or percentages.
In the Equity segment, delivery, intraday, futures, and options are levied with a brokerage charge of 0.300%, 0.030%, 0.030%, and ā¹75 per lot.
Letās discuss the Edelweiss brokerage plans in detail.
Edelweiss Lite Plan Charges
The specifics of the Edelweiss Lite Plan Charges are as follows:
| Edelweiss Lite Plan Charges | ||
| Brokerage Charges | Equity Delivery | ā¹10 per order |
| Equity Intraday | ā¹10 per order | |
| Equity Futures | ā¹10 per order | |
| Equity Options | ā¹10 per order | |
| Currency Futures | ā¹10 per order | |
| Currency Options | ā¹10 per order | |
| Other Charges | Margin or Funding (Leverage) | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.05% / day in case 50% cash not maintained |
| Delayed Payment Interest (Normal) | 18% | |
| Delayed Payment Interest (MTF) | 18% | |
| Switching Charges (Only two switches allowed) | ā¹0 (when switching to Elite) | |
| Manual Support Details | Call and Trade (Advisory, Trading) | ā¹20 / Call |
| RM / Advisor | Not available | |
| Special Situation Trades Assistance | Not available | |
| Tools and Features | Auto Collateral | Free |
| Standard Tools (Watchlist, Screeners, Alerts, etc.) | Free | |
| Advanced Charting | Free | |
| Market Info | Free | |
| Research | ā¹50 / month | |
| News (Live, Details) | Free | |
| Content | Free | |
| Notifications (Whatsapp) | ā¹50 / month | |
| Portfolio Organizer | Free | |
| Guided Portfolios | Free | |
| Investology | ā¹100 / course | |
| Trade Point | Chargeable | |
| Smallcase | ā¹100 / order | |
| Ancillary Charges | DP AMC | 1st Year Free / post ā¹300 per annum |
| DP Fees (Trf Out / Sell) / Inter-settlement Fees | ā¹20 per ISIN | |
| Payin | ā¹10 / transfer | |
| Payout | Free | |
| Physical CML Request | 1st Free / Additional ā¹120 | |
| Physical Contract Notes | ā¹50 / note | |
| Cheque payment | ā¹500 / cheque | |
| Pledge Charges | ā¹60 / pledge | |
| Physical Statement Charges (Ledger, PNL, Tax, etc.) | ā¹50 / note |
Edelweiss Elite Plan Charges
The details of this brokerage plan have been tabulated below:
| Edelweiss Elite Plan Charges | ||
| Brokerage Charges | Equity Delivery | 0.300% |
| Equity Intraday | 0.300% | |
| Equity Futures | 0.300% | |
| Equity Options | ā¹75 per lot | |
| Currency Futures | 0.020% | |
| Currency Options | ā¹20 per lot | |
| Other Charges | Margin or Funding (Leverage) | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.03% to 0.05%/ day in case of margins not maintained |
| Delayed Payment Interest (Normal) | 12%-18% | |
| Delayed Payment Interest (MTF) | ā¹2500 (when switching to Lite) | |
| Switching Charges (Only two switches allowed) | Free | |
| Manual Support Details | Call and Trade (Advisory, Trading) | Free |
| RM / Advisor | Free | |
| Special Situation Trades Assistance | Free | |
| Tools and Features | Auto Collateral | Free |
| Standard Tools (Watchlist, Screeners, Alerts, etc.) | Free | |
| Advanced Charting | Free | |
| Market Info | Free | |
| Research | Free | |
| News (Live, Details) | Free | |
| Content | Free | |
| Notifications (Whatsapp) | Free | |
| Portfolio Organizer | Free | |
| Guided Portfolios | Free | |
| Investology | Free | |
| Trade Point | Chargeable | |
| Smallcase | As per brokerage | |
| Ancillary Charges | DP AMC | 1st Year Free / post ā¹500 per annum |
| DP Fees (Trf Out / Sell) / Inter-settlement Fees | 0.02% of Value or ā¹20 whichever is higher within Edelweiss OR 0.03% of Value or ā¹20 outside Edelweiss | |
| Payin | Free | |
| Payout | Free | |
| Physical CML Request | Free | |
| Physical Contract Notes | Free | |
| Cheque payment | Free | |
| Pledge Charges | Free | |
| Physical Statement Charges (Ledger, PNL, Tax, etc.) | Free |
Edelweiss Demat Account Charges
There are two Demat Account ChargesĀ involved. They are – Account Opening Charge and Annual Maintenance Charge (AMC).
The Demat account annual maintenance charges (AMC) are zero for the first year and are ā¹300 or ā¹500 from the second year as per the brokerage plan chosen by the client.
A hidden charge levied by the broker is – Depository Participant Fee (DP Charges/ Fees). Generally, it is not publicly announced. Edelweiss DP charge for Edelweiss Trading varies with the brokerage plan.
They have been mentioned in the table below:
| Edelweiss Demat Charges | |
| Edelweiss Lite | Edelweiss Elite |
| ā¹20 per ISIN | 0.02% of Value or ā¹20 whichever is higher within Edelweiss OR 0.03% of Value or ā¹20 outside Edelweiss |
Edelweiss Demat Account Opening Charges
Generally, brokers charge a fixed amount for opening a demat account. But, for Edelweiss Demat Account opening, you do not have to pay any charges. Yes, you read that right.
You are supposed to pay nothing as demat account opening charges. The facility of the demat account is extended for free.
Edelweiss Trading Account Charges
Like every other broker in the stockbroking industry, Edelweiss also offers two in one account, i.e., trading account and demat account are opened together. This practice fastens the process and enhances the customer experience.
Thus, the DP charges and Annual Maintenance Charges (AMC) are the same for a trading account.
On a similar line, Edelweiss trading account opening charges are nil.
Edelweiss AMC Charges
Annual Maintenance Charges, also known as AMC, are deducted on a yearly basis. It is debited for maintaining your demat account and trading account.
The Edelweiss AMC Charges are levied based on the brokerage plan selected by the trader or investor.
As weāve mentioned above, the Edelweiss demat AMC charges are free for the first year, and post that; youāll be charged ā¹300 per annum in the Lite plan and ā¹500 per annum in the Elite plan.
| Edelweiss AMC Charges | |
| Edelweiss Lite Brokerage Plan | Free for the first year, ā¹300 per annum post that. |
| Edelweiss Elite Brokerage Plan | Free for the first year, ā¹500 per annum post that. |
Edelweiss Margin Trading Charges
Brokers extend the margin facility to attract more customers and also to facilitate traders in trading with ease.
The Edelweiss charges for margin are also based on the brokerage plan one subscribes to. Its details are tabulated in the following table.
| Edelweiss Brokerage Margin | ||
| Lite Plan | Elite Plan | |
| Margin or Funding (Leverage) | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.05%/ day in case 50% cash is not maintained. | For FNO 50% Cash + 50% Stock Margin required. Shortfall charged at 0.03% to 0.05%/ day in case of margins not maintained. |
| Delayed Payment Interest (MTF) | 18% | 12%-18% |
Edelweiss Intraday Charges
The brokerage charges for Intraday traders are segregated based on the brokerage plan subscribed by the trader or investor. The Edelweiss charges for intraday are as follows:
| Edelweiss Intraday Brokerage | |
| Edelweiss Lite Plan | ā¹10 per order |
| Edelweiss Elite Plan | 0.03% |
Edelweiss Delivery Charges
Edelweiss charges ā¹10 per order for equity delivery in the Lite plan and 0.300% in the Elite plan. The information has been tabulated below:
| Edelweiss Delivery Brokerage | Edelweiss Delivery Brokerage |
| Edelweiss Lite Plan | ā¹10 per order |
| Edelweiss Elite Plan | 0.300% |
Edelweiss Option Charges
The Edelweiss charges in the options segment are as follows:
| Edelweiss Options Brokerage | |
| Edelweiss Lite Plan | Equity - ā¹10 per order |
| Currency - ā¹10 per order | |
| Edelweiss Elite Plan | Equity - ā¹75 per lot |
| Currency - ā¹20 per lot |
Edelweiss Pledged Charges
When you pledge your shares with a lender, you have to pay a charge. This charge is known as Pledged Charge. The details of Edelweiss charges in the same are below:
| Edelweiss Pledged Charges | |
| Lite Plan | ā¹60 / pledge |
| Elite Plan | Free |
Conclusion
Edelweiss is a full-service broker that was incorporated in the year 1995. It has grown exponentially over the years and is dedicated to serving its customers with utmost sincerity and transparency.
Edelweiss charges vary according to the brokerage plan the investor or trader subscribes. The two brokerage plans offered by the depository participant are – Lite and Elite. They have been discussed in detail above.
The broker has a zero opening charge policy for both Demat and trading accounts. But it charges an AMC from the second year. Moreover, it also extends the facility of margin trading.
We hope this article cleared all your queries related to Edelweiss charges. If you still have any doubts, feel free to comment below, and weāll get back to you.
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