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Upstox(RKSV) Brokerage, Other Charges, Leverage & Margin

This article covers brokerage and account opening charges with Upstox. Upstox is known in the industry for its low cost brokerage and account opening charges. Upstox has very a simple pricing structure. They offer free equity delivery trades and charge0.01% or Rs.20/trade whichever is lower a for intraday equity, F&O, and commodity trades. .

Upstox(RKSV) Equity Trading Charges

Charges Equity Delivery Equity Intraday
Brokerage NIL 0.01% or Rs.20/Trade whichever is lower
STT 0.1% ON BOTH Buy & Sell 0.025% On the Sell side
Transaction / Turnover charges NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Depends on state to State 0.01% subject to a maximum of Rs 50 - Depends on state to State

Upstox(RKSV) F&O Trading Charges

Charges Equity Delivery Equity Intraday
Brokerage 0.01% or Rs.20/Trade whichever is lower Flat Rs. 20 per executed order
STT 0.01% On the Sell side 0.017% On the Sell side (ON PREMIUM)
Transaction / Turnover charges NSE : 0.0021% NSE : 0.055%
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Depends on state to State 0.01% subject to a maximum of Rs 50 - Depends on state to State

Upstox(RKSV) Currency Trading Charges

Charges Equity Delivery Equity Intraday
Brokerage 0.01% or Rs.20/Trade whichever is lower 0.01% or Rs.20/Trade whichever is lower
STT NA NA
Transaction / Turnover charges NSE: 0.0015%, BSE: 0.00062% NSE: 0.065% , BSE: 0.0260%
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Depends on state to State 0.01% subject to a maximum of Rs 50 - Depends on state to State

Upstox(RKSV) Commodity Trading Charges

Charges Commodity
Brokerage 0.01% or Rs.20/Trade whichever is lower
STT/CTT 0.01% on Sell
Transaction / Turnover charges Non-Agri: 0.0031% | Agri: 0.00175
SEBI Charges 20 Rs/Crore
GST 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% subject to a maximum of Rs 50 - Depends on state to State
Upstox(RKSV) Mutual Fund Fee Structure

At The Time of Buying

For SIPs Nil Nil
For Lump sum Investment Nil Nil

At The Time of Selling /Switching

For SIPs Nil Nil
For Lump sum Investment Nil Nil
* There are no charges to purchase a mutual fund on Upstox MF Platform. However, at the time of redemption or selling of mutual funds, the CDSL charges are Rs.13.50/- that is to be paid by the investor.

Charges Explained

  • Securities / Commodities Transaction Tax : Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O.When trading at Zerodha STT/CTT can be a lot more than the brokerage we charge.

  • Transaction/Turnover Charges: Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE,MCX) and clearing member.

  • Call & trade: Additional charges of ₹25 per executed order:

    • For orders placed through our support/dealing desk.

    • Intraday (MIS/BO/CO) positions squared off before market closing by our RMS team.

  • Stamp charges: Charged as per the state of the client's correspondence address.

  • GST:Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)

  • SEBI Charges:Charged at ₹15 per crore by Securities and Exchange Board of India for regulating the markets.

  • DP (Depository participant) charges :₹13.0 per scrip (irrespective of quantity) debited from demat account when stocks are sold. ₹5.5 per MF (irrespective of quantity) debited from demat on redemption. Charged by depository (CDSL) and depository participant (Upstox)

  • AMC (Annual maintenance charges) :₹150/Year

Exposure or Leverage provided by Upstox(RKSV)

Equity.Intraday MIS Orders CO Orders CNC or Normal Order
Equity Intraday Up to 20x for stocks listed in F&O, up to 2x for stocks with 20% circuit breaker, no additional margins for all else Up to 20x for stocks listed in F&O, up to 2x for stocks with 20% circuit breaker, no additional margins for all else Don't offer any margin for CNC(Cashn Carry) orders.
Equity Future Up to 6x for all securities Up to 6x for all securities Margin for F&O overnight position - as per exchange stipulated margins
Equity Options Up to 4x for selling options, 1x on buying options Up to 4x for selling options, 1x on buying options Margin for F&O overnight position - as per exchange stipulated margins
Currency Future Upstox offer upto 4X leverage Upstox offer upto 4X leverage  
Currency Options Upstox offer upto 4X leverage    
Commodities Up to 3x for all commodities Up to 3x for all commodities    

*MIS : Margin intraday square

*CNC : Cash n Carry

To get an additional margin you can opt a paid service - Upstox Priority Pack. Rs 999 PM for Equity, F&O and Currency and Rs 499 PM for Currency. NSE/BSE cash margin 25x and MCX Futures – 4x for CO/OCO orders. Upstox provides intraday leverage for equities, futures, options, commodities and currency futures. These only apply for trades executed on the same day and not on prior days' executions. Leverage begins at market open only for fresh positions. Positions bought or sold on leverage will be automatically squared off at 3:15 PM for equities and F&O it will be chargeable at Rs.20 per order by Upstox. For Currency Futures, positions will be squared off at 4:45 PM. For MCX, the positions will be squared off 30 minutes prior to market close (so it is either 11:25 PM or 10:30 PM depending on MCX market timings). Our margin files are available on dropbox.

Equities: Upstox provide up to 25x exposure for all NSE and BSE securities that have products on the NSE-FO market. For other stocks that are not on this list but have a 20% circuit limit breaker, we provide up to 2x exposure. For all others, there is no exposure provided.

NSE Futures and Currency Futures Futures are allowed to trade on 20% of applicable (span plus exposure). To carry forward the positions, the customer would need 100% of the applicable margin. So if you want to purchase 1 lot of NIFTY futures valued at Rs. 2,07,500 (8300 for 1 lot of 25 shares), you would need Rs. 8,380 (50% of margin) for intra-day applicable margin or Rs. 16,750 (100% of margin) if you want to carry-forward the position.

Options For buying options, Upstox requires the full premium amount. For selling options, Upstox provides upto 5x leverage on the span and exposure margin for intraday. Delivery requires the full amount. However, you do get the premium benefit credited to your account when selling options in delivery. Buying options requires the full value of the premium while selling options requires the full value of the applicable margin. Our margin files are available on dropbox.

MCX Commodity For MCX Futures, Upstox provides up to 3x margin for both buying and selling. Leverage begins at market open only for fresh positions. Positions bought or sold on leverage will be automatically squared off, 30 minutes prior to market close (so it is either 11:25 PM or 10:30 PM depending on MCX market timings). Our margin files are available on dropbox.