Become a Partner
Pricing and payout structure
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 |
Pay Later (MTF) interest | 80% interest sharing beyond 9.99% | Customise MTF interest up to 24% |
Pledge Shares interest | 80% interest sharing beyond 9.99% | Customise Pledge Shares interest up to 24% |
Account Operating Charges | 100% revenue beyond ₹219 | - |
Pledge/Unpledge charges | Flat 20% sharing | Select from our standard DP plans or create a customised DP plan for your clients |
DP sell transaction charges | Customise and earn 100% | |
Delayed Payment Charges (DPC) | Flat 20% sharing | No customisation possible |
Income from Account Opening Fee
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
Income from Brokerage
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% |
Income from Pay Later (MTF) Interests
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.
Income from Pledge Shares Interests
You can either select our standard interest rates, i.e. base interest rates or choose to customise the interest rates applicable to the client.
Pledge Shares 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 | 9.99% | 5% | 24% | 80% |
Income from Operating Charges
You can either select from our standard operating charges plans or customise client’s operating charges.
Standard Operating Charges | Customised Operating Charges | ||||
---|---|---|---|---|---|
Standard Plan 1 (one-time operating charges) | Standard Plan 2 (Quarterly operating charges) | Payout to Partner | One-time | Quarterly | Payout to Partner |
₹999 (Lifetime free operating charges with a one-time fee) | ₹219 per quarter | 20% | ₹999 to ₹4,999 | ₹219 to ₹375 | 100% payout above
|
Income from Pledge and Unpledge charges
Our standard pledge/unpledge rates are ₹32
Pledge/ Unpledge Charges | Payout to partner |
---|---|
₹32 | 100% payout above ₹25 |
Income from DP Sell transaction charges
You can either select from our standard DP sell transaction charge of ₹18 per ISIN or customise client’s DP Sell transaction charges from ₹18 to ₹28 and earn 100% payout.
Standard DP Plan | Customised DP Plan | ||
---|---|---|---|
DP Sell Transaction Charges | Payout to Partner | DP Sell Transaction Charges | Payout to Partner |
₹18 | 5% | ₹18 to ₹28 | 100% payout above ₹18 |
Income from Delayed Payment Charges
Earn flat 20% income sharing from DPC interest earned on client’s negative ledger balance.
DPC On | Interest Rate | Payout to Partner |
---|---|---|
Any negative ledger balance in client’s account | 24% | Flat 20% |
View detailed pricing and payout details
- Off-Market transfer charges
Transfer in: FREE
Transfer out: ₹20 per transaction or 0.50% whichever is lower
- Corporate action order charges
Corporate action order charges will be same as the client’s applicable brokerage for delivery trades.
- Physical CMR request
No charge will be applicable for physical CMR request
- Payment gateway charges - Margin Fund Transfer
UPI & Smart Pay Transactions are Free and in case of Net banking, charges will vary between ₹7 - ₹11 + GST depending on the bank selection
- Physical statement courier charges
₹100 per request + ₹100 per courier
- Demat per certificate
No charge will be applicable for demat per certificate
- Remat charges
No charge will be applicable for remat
- Failed instruction charges
No charge will be applicable for failed instruction
- Reactivation Charges
No charge will be applicable for account reactivation
- Modification charges
No charge will be applicable for modification
- Account closure charges
No charge will be applicable for account closure
- 18% GST
On Brokerage, DP charges, Exchange Transaction charges, SEBI charges and Auto Square-Off charges
- Physical delivery of derivatives
No charge will be applicable for physical delivery of derivatives
- Transaction/turnover charges
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
- Other Charges
RMS square-off charges for open intraday positions by system: ₹100 per position
Auction if unable to deliver a stock (not in demat): As per actual penalty by exchange
Authorised Partner registration and onboarding 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 |
- No stocks or collateral will be accepted
- It is refundable and interest-free