Master Trust Brokerage Charges and Transaction Charges
Master Trust is a discount brokerage firm that is a part of Master Trust Capital Services Ltd. This brokerage firm was incorporated in the year 1985. The Capital Services Limited is one of the leading financial firm company in India.
This Master Trust Group has entered to the discount brokerage business since August 2014. The Master group has initiated to offer both the flat fees each trade and the standard trading plans. The company has successfully earned and developed the PAN India presence holding the client base of 2,50,000 that covers more than 300 locations across the 22 states in India.
Here, are some of the unique features of this discount broker.
1. It has a single trading and back-office software for all the segments that includes Equity, Currency, and Commodity. It has a single login for the trading and back-office software that makes it convenient.
2. It offers various flexible feature where in the balance across the various segments i.e. equity, commodity, derivatives and currency can be used as one single balance.
Master Trust Stock Broker Charges
The Master Trust stock broker provides various trading and demat account services to its customers. The customer has to pay the fees, commission and taxes at the time of trading with Master Trust.
A customer is required to pay a commission at the time of buying or selling the stocks through Master Trust. The brokerage charges for the equity, commodity and the currency derivative trading for the Master Trust are charged in three ways i.e. Master Trust 20-20 plan, Master Trust Standard Plan and Master Trust My plan.
Master Trust Brokerage Plan
20:20
Standard
My Plan
Equity/Commodity delivery
Free
0.30%
25% off
Equity intraday, equity derivatives, currency derivatives and commodity
Rs. 20 per executed order
0.03%
25% off
Equity/Commodity options (Others)
Rs. 20 per executed order
Rs. 75 per lot
25% off
Commodity Options (Silver and Copper)
Rs. 20 per executed order
Rs. 130 per lot
25% off
Commodity Options (Gold)
Rs. 20 per executed order
Rs. 195 per lot
25% off
Currency options
Rs. 20 per executed order
Rs. 25 per lot
25% off
Transaction Charges
Transaction Charges are the charges that is a combination of the Exchange turnover charge and the trade clearing charge.
Segment
Transaction Charges
Equity Delivery
NSE ₹325| BSE ₹325
Equity Intraday
NSE ₹325| BSE ₹325
Equity Futures
NSE ₹300 | BSE ₹150
Equity Options
NSE ₹6000 | BSE ₹3500
Currency Futures
NSE ₹120 | BSE ₹100
Currency Options
NSE ₹4200 | BSE ₹1000
Commodity
MCX ₹250
Master Trust Trading Taxes
This stock broker charges various government taxes and fees in addition to the brokerage. These Master trust trading taxes shows the contract note sent to the customer at the end of each day.
STT (Securities Transaction Tax)
Segment
Charges
Equity Delivery
0.1% on both buy and sell
Equity Intraday
0.025% on the sell side
Equity Futures
0.01% on sell side
Equity Options
0.05% on sell side (on premium)
Commodity Futures
0.01% on sell side (Non-Agri)
Commodity Options
0.05% on sell side
Currency F&O
No STT
On Exercise Transaction
0.125%
Right to Entitlement
0.05% on sell side
Stamp Duty Charges
Segment
Charges
Equity Delivery
0.015% (On buy side)
Equity Intraday
0.003% (On buy side)
Equity Futures
0.002% (On buy side)
Equity Options
0.003% (On buy side)
Currency Futures
0.0001% (On buy side)
Currency Options
0.0001% (On buy side)
Commodity Futures
0.002%
Commodity Options
0.003%
Other Charges
Segment
Charges
GST
18% on (Brokerage + Transaction Charge + SEBI Fee)
Yes, It is good for the beginners. Even the customer has a little or no experience in trading, an individual will find that company armed with its exhaustive daily, weekly and monthly reports helps the customers to get a complete understanding of the overall behavior of industry.
Master Trust capital was developed with two companies Master Capital Services Ltd and Arora financial consultants ltd in the year 1994 in Mumbai, Maharashtra.
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