Initially it was like – I need to pay 50k to angel broking to take AP & then according to Exchange & their segment I need to pay fees. Like I took nse F&O & NSE currency – for both I paid 2k each. BSE was almost non-existence at that time so i didn’t took BSE.
I am not aware abt total APs but yes Angel have around 21k AP.
Yes as per latest circular APs need to pay NSE & BSE separately 4k AMC charge though it will be implemented from next FY. I will be surrending my AP in angel bcoz i took AP just to trade in my family accounts. Now due to this AMC, i don’t think it is viable for me.
For shareholder’s perspective – Suppose I don’t take BSE AP, i & my client can still take trades in BSE F&O (Provided Angel allows it), it is just that If i take AP, I will get sharing of brokerage & if i don’t take AP, entire brokerage amount remains with Broker.
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