fbpx

What are charges for using trading software?

What is MTM Square off percentage?

The MTM square off % is determined by the Risk Management team at HENSEX.

If MTM level breaches 60% to 80% of the available cash margins. The risk team would square off the complete position of the client with/without intimating the clients. It is applicable to both Basic & Premium Clients.

What is Exposure on the derivatives segment?

Exposure limits in the derivatives segment depend upon the amount of margin money deposited by each client.

To use margin on derivatives segment you have to place an order using the MIS product code. Under these types of orders, you are required to pay the margins as specified and mandated by HENSEX. To hold your Future & option position overnight you must place order under The NRML product code.

The Margin for Intraday orders: Basic/ Premium

The Margin for Carryover positions: Basic/ Premium

Please note that HENSEX provides only 2 times exposure for short selling equity Derivatives/ Index/ Currency/MCX/NCDEX Futures intraday. For carrying a Futures position overnight (carry forward) full margin is required.

What is Exposure on cash segment?

The Exposure limit is multiple of the amount that is held by client in their ledger. The value of multiple is decided by the Risk Management term at HENSEX. Please refer table (click to redirect the pricing page) for multiple available in normal market conditions. RMS team will square off all open positions under the MIS order anytime during last 30 minutes of normal market closure timing. Place an order using CNC code if you wish to hold stock overnight. The full amount of margin is applicable at the time of the order and HENSEX will not square-off the position.

What is Exposure on derivatives segment?

When you open an account with HENSEX, initial margin required for Basic Plan is ₹5000 and for Premium plan is ₹10000. It is advisable that you keep adequate funds in your account for trading. This will enable you to trade on go and not miss any opportunity in market.

Equity Delivery :
• STT is 0.10% only on Turnover.
• Transaction charges are .00325 % on Turnover under NSE.
• Stamp duty is 0.01% on Turnover.
• SEBI fees of ₹15 per crore on Turnover.

Options :
• STT is 0.05% only on Sell Side Turnover.
• Transaction charges are .05% on Turnover.
• Stamp duty is 0.0024% on Turnover.
• SEBI fees of ₹15 per crore on Turnover.

OPTIONS :
• NSE-Currency transaction & clearing charges are .060% on Turnover.
• SEBI fees of ₹15 per crore on turnover.

NCDEX Commodity Future :
• CTT is .05% only on sell side Turnover.
• Transaction charges are .0026 % on turnover.
• Stamp duty is .006 % on turnover.
• SEBI fees of `15 per crore on Turnover.

Futures :
• STT is 0.01% only on Sell Side Turnover.
• Transaction charges are .0019% on Turnover.
• Stamp duty is 0.012% on Turnover.
• SEBI fees of ₹15 per crore on Turnover.

Currency Future :
• NSE-Currency transaction & clearing charges are .0009% on Turnover.
• Stamp duty is .0012% on turnover.

MCX Commodity Future :
• CTT is .01% only on sell side Turnover.
• Transaction charges are .0026 % on turnover.
• Stamp duty is .0012 % on turnover.
• SEBI fees of ₹15 per crore on Turnover.

What are charges for using trading software?

• HENSEX Web & HENSEX Wave trading software is completely free.
• HENSEX Diet(Desktop) Charges are mentioned below:

Equity Intraday :

• STT is 0.025% only on Turnover.
• Transaction charges are .00325 % on Turnover for NSE.
• Stamp duty is 0.02% on Turnover.
• SEBI fees of  ₹15 per crore on Turnovers.

DIET charges — (Rs. 250/- + GST) per segment per month.

OPEN AN ACCOUNT