What are the charges and taxes for smallcases?
There's a flat fee of Rs. 20/stock applicable when you transact in smallcases - this includes, buy, invest more, manage, rebalance, SIP, partial exit and whole exit orders. There are no charges for simply viewing or watchlisting smallcases; you are only charged when you transact.
Smallcases are nothing but baskets of stocks bought & managed together. The same taxation guidelines that apply for stocks apply for smallcases as you're eventually holding them in single stocks format.
- If you sell your smallcase stock investments after 12 months of buying, your investments would qualify for long-term capital gains tax which is applicable at 10% of the gains, if the gains exceed Rs. 1,00,000.
- If you sell your smallcase stocks before 12 months of holding, you will have to pay a short-term capital gains tax at the rate of 15% on the profits made (not applicable on losses).
- Dividends on stocks are tax-free in the investors' hands upto 10 Lakhs per annum. If the dividend income exceeds 10 lakhs per annum, it will be taxed at 10%.
Note: Average purchase cost which reflects under the Portfolio section does not include the brokerage. Hence the total as well as individual smallcase returns will be exclusive of the brokerage and other statutory charges borne by you.
Charges for MF pledge & Unpledge
The above charges are exclusive of GST and shall be debited from your ledger account as and when you pledge or unpledge shares in your account.
What are turnover charges?
Turnover charges are amount blocked during payout which accounts for 2% of total valuation based on client's position .
Can I get recommendations for smallcases?
Yes, we do provide recommendations for smallcases. To know more, you can visit the following link http://smallcases.5paisa.com/discover However, you would be notified when a particular smallcase theme or model has played out. Finding a smallcase ...
List of Charges
18% GST applicable on all the above charges Note: With effect from 01st January 2021, Demat Maintenance Charge structure will be based on value holdings in the accounts or as per the number of accounts he holds in multiple depositories as per the ...
Are the returns guaranteed for smallcases and Is there a lock-in period for smallcases?
No, with smallcases - you're essentially buying stocks which are exposed to market risks. Investing in market instruments involves risks and investments may lose value. Also, the returns shown for smallcases are the historical returns. Smallcases ...