Angel One shares jump 7% as firm revises brokerage charges

Shares of Angel One rose as much as 7.38 per cent on Tuesday, October 1 to hit an intraday high of Rs 2,751 after the domestic brokerage firm announced changes to its brokerage charges, effective November 1, 2024. The changes, which include updates to the Securities Transaction Tax (STT) and other key fees, have sparked investor interest in the stock, analyst said.

As per the new structure, the STT on futures sales will increase from 0.0125 per cent to 0.02 per cent, while the tax on options sales will rise from 0.0625 per cent to 0.1 per cent of the premium. Additionally, IPFT charges are now set at Rs 10 per crore of traded value for NSE equity and futures, with 18 per cent GST applicable. For NSE equity options, the charge will be Rs 50 per crore of premium value, plus 18 per cent GST.

In the NSE currency segment, the fees are revised to Rs 2 per lakh of premium value for options and Rs 0.05 per lakh of traded value for futures, with GST added. For NCDEX, a Risk Management Fee of 0.10 per cent (Rs 100 per lakh) will apply to the premium value of fresh overnight open interest positions.

Other changes include revised exchange transaction charges for MCX futures at 0.00210 per cent, and for options, the rate has been adjusted to 0.0418 per cent from the previous 0.05 per cent. NSE ’s charges stand at 0.00297 per cent for cash, 0.00173 per cent for equity futures, and 0.03503 per cent for equity options, among others. DP charges are fixed at Rs 20 plus GST, with male clients being charged Rs 3.5 for the depository and Rs 16.5 for Angel One’s fee, and female clients facing a slightly lower depository charge of Rs 3.25.

As of 2:10 pm, Angel One shares traded 2.5 per cent higher at Rs 2,625, outperforming the Sensex which was trading on a flat note.