| Revenue source | Payout to Partner | Note |
|---|---|---|
| Account opening fee | 100% above ₹500 | Mirae Asset will debit a flat fee of ₹500 for every new client onboarded, regardless of the account opening fee chosen |
| Brokerage | 100% across all segments | Select from our standard plans or create a customised plan for your clients |
| MTF (eMargin) interest | 80% interest sharing beyond 9.99% | Customise MTF interest up to 24% |
| Margin Pledge interest | 80% interest sharing beyond 11.99% | Customise Margin Pledge interest up to 24% |
| Account Maintenance Charges (DP AMC) | 100% revenue beyond ₹480 | Select from our standard DP plans or create a customised DP plan for your clients |
| Pledge/Unpledge charges | Customise and earn 100% | |
| DP sell transaction charges | Customise and earn 100% | |
| Delayed Payment Charges (DPC) | Flat 20% sharing | No customisation possible |
| Operating charges | Flat 20% sharing | No customisation possible |
Select from a range of account opening fee for your client and get 100% payout on anything beyond ₹500.
| Type of Account | What Partner can charge clients? | Payout to Partner | Additional Income Partner service fee* (annual recurring) |
|---|---|---|---|
| Standard Plan 1: Zero Brokerage account |
₹999 to ₹9,999 | 100% above ₹500 |
100% payout (₹999 to ₹9,999) |
| Standard Plan 2: Free Delivery Account |
₹0 to ₹9,999 | 100% above ₹500 | NA |
| Customised Brokerage Plan |
₹0 to ₹9,999 | 100% above ₹500 | NA |
*It’s an annual recurring fee (applicable from second year onwards), which you can charge to those clients whom you are offering the
‘Zero brokerage account’, since you won’t earn any brokerage income from them. The partner service fee will be equal to the account
opening fee that you charge your client and 100% of that will be yours.
Note: Mirae Asset will debit a flat fee of ₹500 for every new client onboarded, regardless of the account opening fee chosen
You can either select from our standard plans or create a customised plan for your clients based on their differentiated needs and trading behaviour.
| Type of Account | Applicable Brokerage | Payout to Partner |
|---|---|---|
| Standard Plan 1: Zero Brokerage Account |
₹0 brokerage for life across all segments | NA |
| Standard Plan 2: Free Delivery Account |
₹0 brokerage only on delivery ₹20 brokerage per order on all other segments |
100% |
| Customised Plan | Choose from the below models
|
100% |
You can either select our standard interest rates, i.e. base interest rates or choose to customise the interest rates applicable to the client.
| Base Interest Rate | Payout to Partner
(up to base rate) |
Customised interest
rate (maximum limit) |
Payout to Partner
(above base rate) |
|---|---|---|---|
| 9.99% | 5% | 24% | 80% |
Note: You can earn 5% in interest revenue by charging our standard MTF interest rates to your clients. If you wish, you will be able to reduce the interest rate to 6.99% for clients using funding above Rs 5 cr, however your sharing will not be possible below 9.99% interest rate.
You can either select our standard interest rates, i.e. base interest rates or choose to customise the interest rates applicable to the client.
| Margin Pledge Funding Value | Base Interest Rate | Payout to Partner
(up to base rate) |
Customised interest
rate (maximum limit) |
Payout to Partner
(above base rate) |
|---|---|---|---|---|
| Up to 80% of pledged stocks value | 11.99% | 5% | 24% | 80% |
You can either select from our standard DP AMC plans or customise client’s DP AMC charges.
| Standard AMC Plans | Customised AMC Plans | ||||
|---|---|---|---|---|---|
| Standard Plan 1 (one-time AMC) |
Standard Plan 2 (Quarterly AMC) |
Payout to Partner | One-time AMC | Quarterly AMC | Payout to Partner |
| ₹999 (Lifetime free AMC with a one-time fee) | ₹480 (Annual fee, charged every quarter @₹120) | 20% | ₹1,299 to ₹4,999 | ₹600 to ₹1,000 |
100% payout above
|
You can either select from our standard pledge/unpledge rates of ₹25 or ₹32 or customise client’s pledge/unpledge charges from a range of rates, i.e., ₹25 to ₹35
| Standard AMC Plan | Customised AMC Plan | ||
|---|---|---|---|
| Pledge / Unpledge Charges | Payout to Partner | Pledge / Unpledge Charges | Payout to Partner |
| ₹25 / ₹32 | 20% | ₹25 to ₹35 | 100% payout above
|
You can either select from our standard DP sell transaction charge of ₹12 per ISIN or customise client’s DP Sell transaction charges from ₹12 to ₹25 and earn 100% payout.
| Standard DP Plan | Customised DP Plan | ||
|---|---|---|---|
| DP Sell Transaction Charges | Payout to Partner | DP Sell Transaction Charges | Payout to Partner |
| ₹12 | 5% | ₹12 to ₹25 | 100% payout above ₹12 |
Earn flat 20% income sharing from DPC interest earned on client’s negative ledger balance and on Operating Charges.
| DPC On | Interest Rate | Payout to Partner |
|---|---|---|
| Any negative ledger balance in client’s account | 18% | Flat 20% |
₹99 + 18% GST per quarter to be charged to clients who have been onboarded under the standard and customised quarterly AMC plan.
No operating charge will be applicable for clients under the standard lifetime free AMC plan and the customised one-time AMC plans.
Transfer in: FREE
Transfer out: ₹20 per transaction or 0.50% whichever is lower
Corporate action order charges will be same as the client’s applicable brokerage for delivery trades.
First CMR request is free. ₹20 + ₹100 (courier charge) + 18% GST for subsequent requests
UPI Transactions are Free and in case of Net banking, charges will vary between ₹7 to ₹11 + GST depending on the bank selected
₹100 per request + ₹100 per courier
A charge of ₹150 per certificate + ₹100 courier charges will be levied
A charge of ₹150 per certificate + ₹100 courier charges + CDSL Charges will be levied
A charge of ₹50 per instruction will be applied
No charge will be applicable for account reactivation
A charge of ₹20 will be applicable per request
No charge will be applicable for account closure
On Brokerage, DP charges, Exchange Transaction charges, SEBI charges and Auto Square-Off charges
Nominal brokerage 0.05% of the contract value will be charged when physical delivery happens.
BSE transaction charges on securities traded in X, XT and Z group is 0.10% per crore & for 'P', 'ZP', 'SS' and 'ST' group, it is 1% per crore on the gross turnover value
RMS square-off charges for open intraday positions by system: ₹60 per position
Auction if unable to deliver a stock (not in demat): As per actual penalty by exchange
There are certain charges applicable to get registered as an Authorised Partner.
You can refer the following table for these charges.
| Partner Onboarding Cost | Amount | Cost type |
|---|---|---|
| Exchange Registration Charges | ₹16,520 | NSE AND BSE registration |
| Documentation Charges (Including GST) | ₹1,500 | Including stamp paper cost |
| Refundable Interest Free Security Deposit (Cash Form) | ₹50,000 | AP Security Deposit |
| Total Onboarding Cost | ₹68,020 | Payable upfront at the time of registration |
| Exchange | Segment | Fee (₹) | GST Rate | GST Amount | Total Charges (₹) |
|---|---|---|---|---|---|
| NSE | Capital Market | ₹5,000 | 18% | ₹900 | ₹5,900 |
| NSE | F&O | ₹5,000 | 18% | ₹900 | ₹5,900 |
| BSE | Capital Market | ₹4,000 | 18% | ₹720 | ₹4,720 |
| Total Registration charges | All Segments | ₹14,000 | 18% | ₹2,520 | ₹16,520 |
| Exchange | Segment | Fee (₹) | GST Rate | GST Amount | Total Charges (₹) |
|---|---|---|---|---|---|
| NSE-AMC | All Segments | ₹5,000 | 18% | ₹900 | ₹5,900 |
| BSE-AMC | All Segments | ₹4,000 | 18% | ₹720 | ₹4,720 |
| Total-AMC | NSE & BSE | ₹9,000 | 18% | ₹1,620 | ₹10,620 |
We will intimate you once the
program is launched. Stay tuned!
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Income from Account Opening Fee
Income from Brokerage
Income from MTF (eMargin) Interests
Income from Margin Pledge Interests
Income from Account Maintenance Charges (DP AMC)
Income from Pledge and Unpledge charges
Income from DP Sell transaction charges
Income from Delayed Payment Charges & Operating Charges
