- Revenue Sharing
Pricing and payout structure
| Revenue source | Payout to Partner | Note |
|---|---|---|
| Account opening fee | Flat 100% | You can charge ₹0 to ₹9,999 |
| Brokerage | Regular orders: 100% sharing above ₹4/order API-based orders: 100% sharing above ₹10/order | 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% |
| Pledge/Unpledge charges | Flat 20% sharing | No customisation possible |
| DP sell transaction charges | Earn 5% | No customisation possible |
| Delayed Payment Charges (DPC) | Flat 20% sharing | No customisation possible |
| Mutual Fund | Flat 90% | Equity, debt, hybrid & more |
| Smart Advisory Portfolio (SAP) | Earn up to 80% brokerage sharing | Revenue share is calculated on the brokerage generated, as per your applicable SAP AUM slab. |
Income from Account Opening Fee
Select from a range of account opening fee for your client and get 100% payout.
| Type of Account | What Partner can charge clients? | Payout to Partner |
|---|---|---|
| m.Stock Standard Brokerage Plan | ₹0 to ₹9,999 | 100% |
| Customised Brokerage Plan | ₹0 to ₹9,999 | 100% |
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 |
|---|---|---|
| m.Stock Standard Brokerage Plan | ₹10 brokerage per order (including API) | Regular orders: 100% beyond ₹4/order API-based orders: 20% sharing on ₹10/order |
| Customised Brokerage Plan | Choose from the below models
| Regular orders: 100% beyond ₹4/order API-based orders: 100% beyond ₹10/order |
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. | 11.99% p.a. | 5% | 100% |
| Above ₹5 crore | 8.99% p.a. | 8.99% 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 11.99% p.a. and earn a flat 5% payout.
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) |
|---|---|---|
| 9.99% to 11.99% p.a. | 5% sharing | 100% above 11.99% p.a. |
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 will earn flat 5% sharing on our standard DP sell transaction charge of ₹18 per ISIN
| DP Sell Transaction Charges | Payout to Partner |
|---|---|
| ₹18 | 5% |
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 | 18% | Flat 20% |
Income from Smart Advisory Portfolio (SAP)
Earn up to 80% brokerage sharing on the applicable SAP AUM slab, as mentioned in the following table:
| SAP AUM slab (Monthly average) | Brokerage revenue sharing |
|---|---|
| Up to ₹1 crore | 50% |
| Above ₹1 crore, up to ₹5 crore | 60% |
| Above ₹5 crore, up to ₹10 crore | 70% |
| ₹10 crore+ | 80% |
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 and Upgrade
- 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 executed order plus GST
Auction if unable to deliver a stock (not in demat): As applicable
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