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Transaction Cost & Settlement Cycle

Transaction Cost

	Transaction up to Rs. 1 Million	Transaction More than Rs. 1 Million
Net Brokerage (Min. of Rs. 10/=)	1.000%	0.800%
SEC	0.090%	0.090%
CSE Fees	0.105%	0.105%
CDS Fees (Min. of Rs. 5/=)	0.030%	0.030%
Government Cess Tax	0.200%	0.200%
TOTAL FEES	1.425%	1.225%

Brokerage for Transactions over Rs. 100 Million will be Negotiable.

Intra Day Trading

An intra day trading is where a client buys and sells or sells and buys the same security on the same day through the same broker.

In the event the number of shares purchased does not equal the number of shares sold, the transaction fees will not be levied on the lower quantity of shares either purchased or sold.

In the event the quantity purchased is equal to the quantity sold transaction fees will not be levied from the second transaction whether it be the purchased or sold.

Taxation

No withholding tax or stamp duties are charged on transaction. How ever, a 10% tax is charged on Dividends, deducted at source.

Settlement

The buyer must make payment for shares bought by the 3rd trading day after the purchase (T + 3).

The seller will receive payment for share sold by the 3rd trading day after the sales (T +3).