- Revenue Sharing
Become a Partner
Pricing and payout structure
| Revenue source | Payout to Partner | Note |
|---|---|---|
| Account opening fee | Flat 100% | 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 plan or create a customised plan for your clients |
| Pay Later (MTF) interest | Get up to 10% sharing on base rate & 100% above base rate. | Customise MTF interest up to 24% and earn higher revenue with Flexi Base rates |
| Pledge Shares interest | 100% interest sharing beyond 12% | Customise Pledge Shares interest up to 24% |
| Quarterly Operating Charges | 100% revenue beyond ₹219 | Customise operating charges till ₹375 |
| Pledge/Unpledge charges | Flat 20% sharing | No customisation possible |
| DP sell transaction charges | Customise and earn 100% | Select from our standard DP sell transaction charges or customise it for your clients |
| 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 |
|---|---|---|
| Standard Plan: Free Delivery Account | ₹0 to ₹9,999 | 100% above ₹500 |
| Customised Brokerage Plan | ₹0 to ₹9,999 | 100% above ₹500 |
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 our standard brokerage plan or create a customised brokerage plan for your clients based on their differentiated needs and trading behaviour.
| Type of Account | Applicable Brokerage | Payout to Partner |
|---|---|---|
| Standard Plan: Free Delivery Account | ₹0 brokerage only on delivery ₹5 brokerage per order on all other segments | 100% |
| Customised Plan | Choose from the below models
| 100% |
Income from Pay Later (MTF) Interest
You can earn either by selecting our standard interest rates, i.e. base interest rates or choose to customise slab-wise interest rates (up to 24% p.a.) as per your client’s funding book.
| Funding Slab | Base interest rate available for customer | Minimum base interest rate for AP’s revenue sharing terms | Interest revenue sharing to AP (up to base rate) | Payout to Partner (above minimum base rate) |
|---|---|---|---|---|
| Up to ₹25 lakh | 14.99% p.a. | 14.99% p.a. | 10% | 100% |
| Over ₹25 lakh to ₹5 crore | 9.99% p.a. | 12% p.a. | 5% | 100% |
| above 5 crore | 6.99% p.a. | 9.99% p.a. | 5% | 100% |
Note: For funding slab above ₹ 25 lakh to ₹5 crore, you can charge your clients between 9.99% p.a. to 12% p.a. and earn a flat 5% payout.
For Funding slab above ₹5 crore, you can charge your clients as low as 6.99% p.a. however, your sharing will start only from 9.99% p.a.
Income from Pledge Shares Interest
You can earn by either selecting 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 AP (up to base rate) | Payout to partner (above base rate) |
|---|---|---|
| 12% p.a. | 5% sharing on 9.99% to 12% p.a. | 100% above 12% p.a. |
Income from Operating Charges
You can either select from standard plan or customise it.
| 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 | Flat 20% on ₹32 |
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
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 | ₹21,240 | 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 | ₹72,740 | 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 |
| BSE | F&O | ₹4,000 | 18% | ₹720 | ₹4,720 |
| Total Registration charges | All Segments | ₹18,000 | 18% | ₹3,240 | ₹21,240 |
| 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