M Stock Demat Account Charges

Have you recently heard much about the M Stock demat account and thought of opening an account of yourself? Well, then it would be beneficial for you to know the M Stock Demat Account Charges.

M Stock stockbroker is one of the newest brokers in the Indian stock broking industry, gaining popularity due to its complete zero brokerage plan.  

But apart from brokerage, there are a couple of other charges as well that an individual has to pay to the broker with regards to the demat account.

Let us quickly acquaint you with the M Stock demat account charges without wasting another minute.

Following are the charges and fees of the M Stock Demat Account-

• Demat Account Opening Charges
• AMC for Demat Account 

M Stock Demat Account Opening Charges

The demat account opening process with M Stock is pretty simple and quick. To open an account with M Stock, an individual is required to pay ₹999 as an upfront fee.

This might seem like a big turn-off to you as there are many stockbrokers in the market who charge comparatively less or no account opening fee at all. But, hold on. This is where it gets interesting.

M Stock is providing free brokerage on all the trades for a lifetime for ₹999 as a one-time fee.

It’s true. If you’ll open a demat account with M Stock for ₹999 as account opening charges, you wouldn’t have to pay brokerage for the rest of your life. Isn’t it interesting?

Please note that only brokerage is lifted up in this plan, other charges such as STT, SEBI charges, GST, etc will be levied.

However, if you don’t feel comfortable paying ₹999 upfront, it’s alright. M Stock presents another option, in which you will have to pay ₹149 as account opening charges.

In this plan, brokerage charges will be applicable as per the M Stock Brokerage Charges.

 

18% GST and 2.36% partner fee will be levied on the above charges while opening the account. 

Now let’s throw some light on other charges of M Stock Demat Account as well.

 

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M Stock Demat Account Maintenance Charges

Apart from opening charges, brokers charge their customers with account maintenance charges in exchange for the services like record keeping, securing your account and holdings and documentation, etc.

The account maintenance charges vary from one stock broker to another. These charges can be levied monthly, quarterly, or annually, depending upon your broker.

Some of the stockbrokers have lifted up the AMC for the first year as a benefit to the customer for opening an account with them.

With an M Stock demat account, the account maintenance charges are ₹999 as a one-time fee that makes the AMC free for a lifetime. 

However, for those who are not comfortable with paying ₹999 upfront, M Stock provides another option. In this option, an individual will have to pay ₹120 as AMC for every quarter, which makes it ₹480 per year.

 

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Conclusion  

M Stock demat account charges with ₹999 as the one-time fee will cost an individual over ₹2000, which is fairly a big amount merely for a demat account. However, this same amount seems too less if we put it together with the benefits that it provides. 

Investors and traders remain annoyed by the brokerage as well as account management charges (AMC) most of the time. As sometimes these demat account charges impact the better part of their profits.

Therefore, investors and traders always look for avenues to minimize or eliminate these charges to protect their profits. M Stock is providing this generous offer of free brokerage and AMC for a lifetime, which could be substantially beneficial for you.

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You can begin your investment journey with the renowned stockbroker now. Get in touch with us and we will assist you in opening a demat account online for FREE!