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What is a Commodity?

Commodities are a crucial group of assets. They are used by people every day such as food, metals, energy etc. They are naturally produced and are affected by environmental factors on earth. Commodities are every kind of movable property other than actionable claims, money and securities.


Commodity trading is a way for investors to buy and sell commodities related to metals, agriculture, energy and livestock. In India, commodities exchanges such as National Commodity & Derivatives Exchange Limited (NCDEX), Multi Commodity Exchange of India Limited (MCX) permit and monitor trade in commodities such as gold, silver, pulses, sugar, copper, aluminium etc.


CHARGESCOMMODITY FUTURESCOMMODITY OPTIONS
iPrime Brokerage0.01%₹ 80 Per lot
iInvest Brokerage0.015%₹ 125 Per lot
iValue Brokerage0.025%₹ 150 Per lot
CTT0.01% Only On Sell Side Non-Agri0.05% Only On Sell Side
Transaction ChargesNon-Agri:
0.00210% On Turnover For A Category (Near & Next Month To)

0.0013% On Turnover For A Category (Far Month TO)

0.00175% On Turnover For B Category

Agri:
0.006% On Turnover For A Category
0.002% On Turnover For B Category
0.0001% On Turnover For C Category

Special Charges For Followers Scrip:
0.0005% On Turnover For CASTORSEED
0.0005% On Turnover For KAPAS
0.00005% On Turnover For PEPPER
0.001% On Turnover For RBDPMOLEIN
NIL
Risk Management FeeAgri:
0.005% of on Fresh Overnight Open Interest Position
NA
GST18% (On Brokerage, Transaction Charges, Risk Management Fee, SEBI Charges)18% (On Brokerage, SEBI Charges)
SEBI Charges10/Crore10/Crore
Stamp Duty Charges0.002% On Turnover Value (Buyer)0.003% On Turnover value (Buyer)

Charges Explained

    SECURITIES/COMMODITIES TRANSACTION TAX
  • The government levies this tax on investors and traders when making transactions on the stock exchanges. Levied on both buy and sell orders in case of equity delivery and only on sell orders if the trade is Intraday or F&O.
    TRANSACTION TURNOVER CHARGES:

    These charges are levied by the government on the value of your transactions on the exchanges.

  • Transaction Charges as per BSE (w.e.f 01.01.2016) in XC, XD, XT, Z and ZP groups has been revised to Rs 10,000 per crores.
  • XD and XC groups have been merged into a new group called X w.e.f 01.12.2017
  • Transaction Charges as per BSE in SS and ST groups has been revised to Rs 1,00,000 per crore of gross turnover.
    CALL & TRADE

    An additional charge of Rs 50 will be levied, if:

  • Orders are placed through our support or dealing desk.
  • Squaring off of Intraday orders (MIS/BO/CO) through our RMS team before the closing of the market.
  • In case the entry order is executed by investors in multiple trades, Stop Loss/Target Orders will be placed separately for Bracket Orders. All brokerage charges, including Call & Trade, will be billed per executed order for auto square off.
    NRI BROKERAGE CHARGES:
  • Rs 100 per executed order for F&O
  • Rs 200 or 0.1% brokerage per executed order for equity.
  • Rs 100 or 0.5% brokerage for a non-PIS account per executed order for equity.
    GST
  • The Goods and Services Tax is levied by the government on the services provided. For brokerage and transaction charges, the GST is levied at 18%.
    SEBI CHARGES
  • SEBI charges a flat Rs 10 per crore as a charge for regulating and managing the financial markets.
    DEPOSITORY PARTICIPANT (DP) CHARGES
  • These charges are levied by IIFL (Participant) and CDSL, NSDL (Depositories) together. The charges are Rs 13.5 + GST per scrip (irrespective of the order quantity) on the day of selling the stocks.
    PLEDGING CHARGES
  • The Pledging Charges are Rs 30 + GST per pledge request.
    ACCOUNT MAINTENANCE CHARGES (AMC)
  • 0 (zero) for the first year. Rs 250 + GST from the next year onwards.
    CORPORATE ACTION ORDER CHARGES
  • For OFS/buyback/takeover/delisting orders placed through IIFL’s Console, a 0.03% brokerage or Rs 25 will be levied.
    PHYSICAL CMR REQUEST
  • Rs 0 (zero) for the first request. Rs 20 + Rs 100 (courier charge) + 18% GST for following requests.
    PAYMENT GATEWAY CHARGES
  • Rs 10 + GST per transaction on Net Banking and UPI. Rs 30 + GST on Debit Cards.

Transaction Charges

₹0

Per Order for ETF & Mutual Funds Brokerage

₹20

Per Order for Delivery, Intraday, F&O, Currency & Commodity

₹0

Zero AMC Charges
For First Year