For every smallcase, a transaction fee of ₹100 (capped at 1.5% of the investment amount) will be applied when you invest a lumpsum amount(first buy and invest more orders) to your new or existing smallcase investment.
For example, if you are putting in ₹1,00,000 in a new or an existing smallcase, you will pay only ₹100+GST (as 1.5% of ₹1,00,000 is ₹1,500) which is greater than ₹100. However, if the investment amount is ₹1000, you will end up paying ₹15 (as 1.5% of ₹1,000 is ₹15, which is lesser than ₹100)
Further, to this, a charge of only Rs.10 will be applicable when you invest through SIP in your existing smallcases. Similar to investing in a new or an existing smallcase, the fees on your investments via SIP will also be capped at 1.5%.
You won't be charged while rebalancing, managing, or exiting your smallcases.
Other statutory charges such as GST, STT, brokerage, etc will be applicable as usual.
Please note: This change in the charges will be effective from 21st November 2022.
Please read through this blog for more details.
💡 Good to know: Funds are deducted from your trading account and stocks are credited to your Demat account.