Angel One Updates Transaction Charges, Share Price Jumps
Shares of the Angel One Ltd. surged as much as 7.5% on Tuesday after it levied transaction charges on delivery based equity trades, which had earlier been free.
Brokerage charges of Rs 20 or 0.1%+GST, whichever is lower, will be levied per executed order. Minimum brokerage of Rs 2 shall be levied.
Set to be in effect from Oct. 1, the brokerage raised the securities transaction tax in accordance with the updated guidelines provided by the Union Budget 2025.
Angel One Share Price
Angle One shares rose as much as 7.5% before paring gains to trade 1.92% higher at Rs 2,611.00 per share as of 2:47 p.m., compared to a 0.17% decline in the NSE Nifty 50.
The scrip gained 41.88% in 12 months, but declined 25.17% year-to-date. Total traded volume so far in the day stood at 3.7 times its 30-day average. The relative strength index was at 57.41.
Out of nine analysts tracking the company, six maintain a 'buy' rating, two recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 2.0%.
The sale of futures in securities will now attract an STT of 0.02% against 0.0125% earlier, while STT on sale of options contracts will be 0.1% of the premium value, from 0.0625% earlier.
Investor Protection Fund Trust Charges
A charge of Rs 10 per crore of NSE equity and futures traded, along with an additional 18% goods and services tax, will be levied.
For equity options, the charge will be Rs 50 per crore of premium value of equity option traded on the NSE, with an addition of 18% GST.
Currency derivatives will also attract a charge of Rs 2 per lakh of premium value of options, and Rs 0.05 per lakh of traded value of futures, with an additional 18% GST.
NCDEX Risk Management Fee
A fee of Rs 100 per lakh will be levied, calculated on the premium value of every new overnight open interest position created.
Exchange Transaction Charges
MCX derivates will face charges of 0.0021% on futures and 0.0418% for options, revised from 0.05% earlier.
On NSE, cash transactions will face charges of 0.00297%, while equity futures and options will face 0.00173% and 0.03505%, respectively. Currency futures will face charges of 0.00035%. Currency and interest rate options will face a charge of 0.0311% for each.
On BSE, index/stocks futures will not attract any additional charge in this category. Sensex 50 options and stock options, however, will face 0.005% in charges, while Sensex and Bankex options will carry a charge of 0.0325%.
Depository Charges
The brokerage will also levy depository charges of Rs 20 per transaction, along with a GST of 18%.
Annual Maintenance Charges
A charge of Rs 60 per quarter will also be made for Non-Basic Service Demat Accounts, from the second year onwards.
Cash Collateral Margin
In case of a shortfall in excess of Rs 50,000, an interest charge of Rs 0.0342% will be made each day, which comes out to be an annualised charge of 12.5%, according to the company.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
