Enrich Money Brokerage Charges Review 2024
Enrich Money is a reputable financial stock brokerage organization founded by Mr. Ponmudi Radhakrishnan in 2013. Previously known as "Enrich Financial Services," Enrich Financial Solutions Pvt. Ltd. has emerged as a leading broker in the industry. The company is registered with major stock exchanges, including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX), allowing clients to access a wide range of investment and trading options. Enrich Money goes beyond traditional services and acts as a depository participant for the Central Depository Services Limited (CDSL). This partnership enables seamless and secure handling of clients' assets. With Enrich Money, individuals can invest and trade in various financial instruments, such as equity, commodities, currencies, mutual funds, initial public offerings (IPOs), and derivatives. The company's goal is to become the leading stock brokerage firm globally, leveraging its expertise and commitment to client success.
Enrich Money determines itself from competitors by offering innovative trading platforms and charging lower brokerage fees. Their user-friendly platforms empower clients to make informed investment decisions and execute trades efficiently.
Enrich Broking Charges for Account Opening
Account Type | Charges |
Demat Account Opening Charges | ₹0 |
Demat Account AMC Charges | First-year free (From 2nd Year ₹300 + GST per Year ) |
Trading Account Opening charges | ₹99 (Online) |
₹199 (Offline) |
Trading Account AMC Charges | ₹0 |
Enrich Money Brokerage Charges
| Charges Type | Equity | Currency | Commodity |
| Brokerage | ₹0 Zero Brokerage (Equity Delivery)
₹ 20 or 0.03% per completed order (Equity Intraday)
₹ 20 or 0.03% per completed order, (Equity Futures)
₹ 20 per completed order (Equity Options) | ₹ 20 or 0.03% per completed order (Currency Futures)
₹ 20 per completed order (Currency Options) | ₹ 20 or 0.03% per completed order (Commodity Futures)
₹ 20 per completed order (Commodity Options) |
| Transaction | BSE: 0.00345% (Equity Delivery)
NSE: 0.00345% (Equity Delivery)
BSE: 0.00345% (Equity Intraday)
NSE: 0.00345% (Equity Intraday)
NSE: 0.002% (Equity Futures)
NSE: 0.053% (Equity Options) | NSE: 0.0009% (Currency Futures)
BSE: 0.00022% (Currency Futures)
BSE: 0.001% (Currency Options)
NSE: 0.035% (Currency Options) | 0.0026% (Commodity Futures)
0.05% (Commodity Options) |
| Clearing Charges | 0.0025 % on Buy & Sell Value (Equity Delivery)
0.0025 % on Buy & Sell Value (Equity Intraday)
0.0015% on Buy & Sell Value (Equity Futures)
0.03% on Buy & Sell Value (Equity Options) | 0.0015% on Buy & Sell Value (Currency Options)
0.03% on Buy & Sell Value (Currency Options)
| 0.0011% on Buy & Sell Value (Commodity Futures)
0.03% on Buy & Sell Value (Commodity Options) |
| GST | 18% on brokerage + transaction charges + SEBI Turnover fees + Clearing Charge | 18% on brokerage + transaction charges + SEBI Turnover fees + Clearing Charge | 18% on brokerage + transaction charges + SEBI Turnover fees + Clearing Charge |
| Securities Transaction Charges (STT) / CTT Charges | 0.1% on buy & sell (Equity Delivery)
0.025% on the sell side (Equity Intraday)
0.002% on the sell side (Equity Futures)
0.003% on the sell side (on premium Equity Options) | NIL (Currency Futures)
NIL (Currency Options) | 0.01% on the sell side (Commodity Futures)
0.05% on the sell side (Commodity Options) |
| SEBI Charges | 0.0001%
of the turnover | 0.0001% of the turnover (Currency Futures)
0.0001% of the turnover (Currency Options) | 0.0001% of the turnover |
| Stamp Charges | 0.015% on the buy-side (Equity Delivery)
0.003% on the buy-side (Equity Intraday)
0.002% only on buy orders(Equity Futures)
0.003% only on buy orders (Equity Options) | 0.0001% on the buy side (Currency Futures)
0.0001% on the buy side (Currency Options) | 0.002% on the buy side (Commodity Futures)
0.003% on the buy side (Commodity Options) |
Other Brokerage Charges in Enrich Money
Charges Type | Rates |
Platform Charges | ₹ 0 Platform Charges for Lifetime |
Auto-Square Off Charges | ₹ 0 / Order for Lifetime |
Call & Trade | ₹ 0/ order for Lifetime |
DP Charges | Rs.15 + Rs.5.50 (CDSL) per debit |
Payment Gateway | ₹ 0 charges on UPI / ₹10.00 / transaction + GST for net banking. |
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