Stoxkart DP Charges

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DP Charges

Trading with Stoxkart, then it is essential to learn about Stoxkart DP Charges. Wondering what charges it is and when and why to pay it? If yes, then here we are with the complete information.

Beginning with the details of Stoxkart, it is Delhi based, discount broker that opens gateway for potential traders to trade in different segments including equity, commodity, currency and derivatives.

But to get into trade, the foremost step is to have a Stoxkart Demat account and Trading account.

On one hand where trading account holds cash, the demat account secures your holdings in an electronic form.

Since Stoxkart is a depository participant registered with the depositories like CDSL for every shares sold from your demat account, you have to pay certain charges called DP charges.

In this article we will discuss in detail the Stoxkart DP charges levied by the broker.

How Much DP Charges in Stoxkart?

As already discussed, DP charges are the charges levied on your Demat Account everytime you sell shares. These charges are not included in the brokerage and are therefore not reflected in the contract note.

Also, here it is important to know that these charges is charged per scrip and not on the volume of stocks being sold. Thus, whether you sell 1 share or 100 shares, the DP charges remain the same.

These charges are levied by the depositories and depository participant. If the stock is part of Nifty then the charges are imposed by the NSDL and for the BSE stocks, the fees is being levied by the CDSL.

So here, when trading with Stoxkart, these charges are imposed by the CDSL.

Stoxkart DP charges is ₹15.5+18% GST per scrip when the demat account is sold. Apart from this the DP charges for Mutual fund is ₹5.5.

To understand its concept let’s take an example.

Since Stoxkart charges ₹15.5 per scrip. Now let’s suppose, you buy 10 shares of Infosys and 10 shares of TCS. Now once you buy, the shares get transferred to your Demat account in T+2 days.

Now you make your mind to sell shares after 10 days. You sell 2 shares of Infosys and 2 shares of TCS.

Here since you are selling shares of two different companies total DP charges are 15.5 x 2= 31+18%GST i.e ₹31.58

Now again after 15 days of buying stocks, you sell 1 share of TCS is equal to ₹15.5 plus 18% GST i.e. 18.29

Again in the month you sold the remaining shares of Infosys i.e. 8 shares, then again the Stoxkart DP charges would be ₹18.29 irrespective of the number of shares.

In all the charges being imposed by the broker, the depository participant able to make their earnings.

Since Stoxkart is registered with CDSL, that charges ₹5.5 DP charges, then here the broker is able to earn ₹10 (₹15.5-₹5.5) after paying the fees to the depository.

When DP Charges Applicable in Stoxkart?

As already known, there are two depositories in India, NSDL and CDSL. When you start trading, you actually open a demat account with depository participants who are the member of depositories. These DP’s charges for the service when you sell shares from the Demat Account.

Thus, DP charges are the flat transaction fees levied on the selling any delivery shares irrespective of the quantity of shares sold.

So when you open a Demat account with Stoxkart, here the depository participant (Stoxkart) imposed fees when you sell any share from your Stoxkart Demat Account.

In short, these charges are the main source of revenue to the depositories and its participant.

Stoxkart DP Charges for Intraday

Since intraday trading deals with the buying and selling of stocks within a day i.e. within a same trading session.

In this trading, the stocks are squared-off in a day, there is no transfer of shares to the demat account.

Thus, the intraday trading does not involve any depository participant charges.

So, if you are into the day trading that is squaring-off your position in a same trading session, you can prevent you from paying depository participant charges thus there are no Stoxkart DP charges.

Conclusion

Stoxkart has very actual charges for the trading services. By Stoxkart Demat Account, an investor can secure their shares or securities by safekeeping them in a dematerialized way through depositories.

No doubt, Stoxkart is very well known for its outstanding quality and excellent services.

But if you are trading with Stoxkart or want to open an account with the broker then it is good to grab all such information regarding DP and other transaction fees involved.

Wish to open the demat account, fill the details below and the callback is arranged for you in no time.