All charges for Liquidbees are the same as that of delivery trades, except that there is no STT charge as liquidbees is not considered a security, no brokerage as its a delivery trade, and no entry/exit load as this fund is traded on the secondary market.
Charges for liquidbees are transaction charges of 0.00325% on turnover, 18% GST on transaction charge, SEBI charge of Rs.15/crore and stamp duty as per state of correspondence address.
While exiting the liquidbees from Demat, a DP charge of Rs.8+GST is charged.
Hmm, I assume if you sell liquidbees and buy it back on the same day, then intraday charges will apply because it was an intraday trade. Need to confirm this one.
Also, I would like to add to the reply that the DPs has waived charged when debiting liquidbees… I have found that this is in fact the case when selling liquid bees.
Can anyone from the team reply on this? @nithin@BharatW
There shouldn’t be any STT levied on LIQUIDBEES.
Also would like to get confirmation on other charges applicable on a LIQUIDBEES transaction as mentioned by @Srinivas above.
All charges for Liquidbees are the same as that of delivery trades, except that there is no STT charge as liquidbees is not considered a security, no brokerage as its a delivery trade, and no entry/exit load as this fund is traded on the secondary market.
Charges for liquidbees are transaction charges of 0.00325% on turnover, 18% GST on transaction charge, SEBI charge of Rs.15/crore and stamp duty as per state of correspondence address.
While exiting the liquidbees from Demat, a DP charge of Rs.8+GST is charged.
Hi @siva can you please tell me what is the brokerage and other charges applied if LiquidBees is traded intraday. i.e. suppose I already have 100 units in my Demat account. I sell 10 units in the morning and buyback all 10 before market close. Will brokerage of 40 Rs be applied to the transaction since it was a intraday trade.