Thanks for taking time to reply to my question PGDIMES, :thumb:
I guess some clarifications are in order,
I don't trade in FNO Yet!!!, cannot!!!, even if I wanted to as I have yet to subscribe to FNO trading in ODIN. But have plans to day trade in nifty options once I learn the ropes.
I only do equity intraday trading currently and have been for the past 1.5 yrs, as I am trying to learn trading, and the current choppy side-ways and highly volatile market are best to learn.
I am trading because I wish to make it my full-time job, not to earn pocket money. Having said that don't mistake me for a guy who wishes to sit from 9:00 to 3:15 to trade, I have become quite adept at finding trends in a chart, and once I reach a daily target, I get out with my money.
The only thing that I have to learn is obeying Stop loss that I set. Which I don't do, but will in time as I get burned by my greed or foolery. LOL!!! :lol:
I do however set Profitable stop losses. so once I am in profit I like to keep it that way.
The reason, I posted the thread was to know for sure whether "SEBI CHARGES" are applicable on Equity Turnover. As, I have mentioned earlier I am learning and therefore don't invest much in the market. Hence, my turnover is hardly over a lakh currently, and I am barely charged "SEBI CHARGES" to be of any significance.
But still, when I found out that SEBI CHARGES are not supposed to be taken from Equity turnover, I emailed R.K.GLOBAL to stop taking them or explain to me why they are applicable to me. They didn't reply and I came here to get some explanation on those charges. As far as I know those charges are only applicable to turnover in FNO, and its very strange indeed that they don't charge you for it.
Are there any other R.K.Global clients here that are charged sebi charges on equity turnover.
Also, Just an hour ago I emailed SEBI asking them where those 0.0002% charges are applicable, to whom and under what conditions. Knowing the current bureaucratic conditions, I am fully aware that I may probably not receive a satisfactory answer. But I will continue to pursue to find an answer until I find a official SEBI circular that states the viability of those charges on EQ turnover or make R.K.GLOBAL stop taking those charges.
I guess some clarifications are in order,
I don't trade in FNO Yet!!!, cannot!!!, even if I wanted to as I have yet to subscribe to FNO trading in ODIN. But have plans to day trade in nifty options once I learn the ropes.
I only do equity intraday trading currently and have been for the past 1.5 yrs, as I am trying to learn trading, and the current choppy side-ways and highly volatile market are best to learn.
I am trading because I wish to make it my full-time job, not to earn pocket money. Having said that don't mistake me for a guy who wishes to sit from 9:00 to 3:15 to trade, I have become quite adept at finding trends in a chart, and once I reach a daily target, I get out with my money.
The only thing that I have to learn is obeying Stop loss that I set. Which I don't do, but will in time as I get burned by my greed or foolery. LOL!!! :lol:
I do however set Profitable stop losses. so once I am in profit I like to keep it that way.
The reason, I posted the thread was to know for sure whether "SEBI CHARGES" are applicable on Equity Turnover. As, I have mentioned earlier I am learning and therefore don't invest much in the market. Hence, my turnover is hardly over a lakh currently, and I am barely charged "SEBI CHARGES" to be of any significance.
But still, when I found out that SEBI CHARGES are not supposed to be taken from Equity turnover, I emailed R.K.GLOBAL to stop taking them or explain to me why they are applicable to me. They didn't reply and I came here to get some explanation on those charges. As far as I know those charges are only applicable to turnover in FNO, and its very strange indeed that they don't charge you for it.
Are there any other R.K.Global clients here that are charged sebi charges on equity turnover.
Also, Just an hour ago I emailed SEBI asking them where those 0.0002% charges are applicable, to whom and under what conditions. Knowing the current bureaucratic conditions, I am fully aware that I may probably not receive a satisfactory answer. But I will continue to pursue to find an answer until I find a official SEBI circular that states the viability of those charges on EQ turnover or make R.K.GLOBAL stop taking those charges.