Swastika Investment Charges

Before making an account in Swastika Investment Company, an investor should have a detailed review of the company and brokerage charges. Here, we start with a brief introduction to this online trading company.

Swastika Investment Company:

The online trading company named swastika Investment Company was launched in 1992 by Sunil Nyati. It is a public limited company and its head office is based in Mumbai, India. The company provides services by associating with NSE, BSE, MCX, NCDEX, and MSEI that are named in the list of biggest stock exchanges in India. Company has the wide network with 102 branches in different cities of the country that shows that access is easy in small cities of country as well.

Let's have a detailed look at Swastika Investment Charges :

Investment charges:

1. Account opening and dematerialization account charges:

Swastika Company charge Rs. 0 for opening account at first whereas Rs. 150 with GST (goods and service tax) is paid yearly. It makes margin money up to minimum Rs 15,000.

2. Brokerage charges:

a. Equity delivery charges:

Investor buy shares through broker and sell at the right time and Gain equity delivery. Broker gain commission through this buy and sell process which is called as equity delivery charges. Swastika broker demands 0.15%-0.35% as equity delivery charges.

b. Equity intraday charges:

Trading at the same trading day is said to be Equity intraday. Swastika Company deduct 0.020% to 0.050% as charges for equity intraday.

c. Equity futures:

Equity futures is meant by selling or buying stocks at already fixed price and date. These charges are same as equity intraday charges (0.020% to 0.050%).

d. Equity options:

A contract that gives the investor Option to trade at a fixed price before the the expiration date is called equity options. It charges up to 72 to 75 per lot.

3. Currency charges:

a. Currency future:

It is also known as foreign exchange future. It is a future contract to exchange the currency to the other at fixed price. The currency exchange is definitely done at the purchase date.

These are same as currency future (0.020% to 0.050%)

b. Currency options:

As the name suggests, contract that gives the buyer option to trade a fixed currency at a fixed rate is currency option. Swastika Company charges Rs 50 per lot.

4. Commodity trading:

It is trading of raw material such as copper. This trading can be done through broker as they simplify the process of buying and selling. 0.020% to 0.050% is paid as commodity trading charges to the brokerage company.

5. Security transaction tax(STT):

STT is deducted on each sale of stock by the Broker Company. 0.0126% is charged by Swastika Investment Company as STT.

6. GST charges(Goods and Service tax):

Fixed-rate of 18% is charged on transaction charges.

7. Transaction brokerage charges:

0.00315% is paid by the investor at each transaction as transaction brokerage fees.

Swastika Investment Company is an economical full-service broker with a low brokerage as compared to other major companies in the market. It is most recommended for beginner and long-term investors.