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Custody Charges

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4 replies to this topic

#1
Mudassir

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    Today after many months i was looking for my portfolio and reports and was surprised that every month broker was deducting custody fees from my online account...

    Anyone have information that when broker start deducting custody fee??

    Mudassir Javed Khan



    #2
    Research Doctor

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    Mudassir bhai mere khayal se tu custody charges buht puranay hain. CDC wale shares per custody charges kaafi kam hain laikin physical shares ke custody charges zara zayada hain. Ab tu saaray shares hi CDC convert ho gay hain, is liye mere khayal se overall yeh charges kam howe hain.

    And dont worry these charges are as low as 7 rupees per month for 1-lac shares!

    #3
    Mudassir

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    i have CDC shares in many companies but quantity is not more than 50K and all are in my trading account with I-trade.....

    every month custody charges are vary from 13 - 40 rs... either i trade in this account or not...

    Mudassir Javed Khan


    #4
    Research Doctor

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    I have account with kasb. Generally my holdings vary between 50k-100k shares. And 5-10 rupees as custody charges are deducted every month. Two years ago when i had a lot of 70K physical shares, then custody charges ranged 40-60.

    I dont know if these charges are paid to CDC or these are broker charges. If these are broker's, then they may vary. But if these are for CDC, then they must be the same for all brokers.

    In any case ur I-trade is currently quite expensive compared to KASB.

    #5
    nafisaa

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    yeh charges brokers k hongay as my Akd dont charge any custody charges where as kasb har mahinay kat deta hay. no extra charges in akd and platform is also beautiful thats why i love akd






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