In a move that underscores its commitment to making financial tools more accessible and affordable, Shoonya, a leading brokerage platform, has made significant updates to its pricing model, effective December 2, 2024. The company, known for its customer-first approach, listened to user feedback and re-evaluated proposed changes to ensure its services remain both competitive and affordable for investors at all levels.
Key Pricing Updates: AMC and API Charges Removed
Shoonya had previously announced the introduction of an Annual Maintenance Charge (AMC) of ₹499 per year and a monthly API Trading Fee of ₹1999, effective December 2, 2024. However, following extensive feedback from its users, Shoonya has decided to make some crucial adjustments:
- AMC Waiver: The proposed AMC of ₹499 (plus GST) will no longer be applied. Initially introduced to cover the operational costs associated with inactive or duplicate accounts, the decision to eliminate the charge reflects Shoonya’s dedication to ensuring all investors, regardless of account activity, can benefit from its services.
- API Trading Fee Put on Hold: The ₹1999 monthly API Trading Fee (plus GST) will also be put on hold. This fee was originally planned to address the strain on infrastructure caused by inactive API users, but Shoonya recognizes the importance of supporting active traders who rely on API services for their trading strategies. For now, no charges will be applied to these services.
Simplifying Trading Costs: A Closer Look at the ₹5 Fee
Shoonya has also clarified its fee structure for intraday, futures, options, and commodity derivatives trades. Effective December 2, 2024, a fee of ₹5 (plus GST) will be charged per executed order, not per executed trade. This means that even if a single order executes across multiple trades, the fee remains fixed at ₹5 + GST for the entire order, ensuring greater transparency and simplicity for traders.
Despite this nominal charge, Shoonya emphasizes that its overall pricing remains highly competitive within the brokerage industry, continuing to provide customers with one of the most affordable trading experiences available.
Shoonya’s Zero-Brokerage Commitment: What’s Staying the Same?
Perhaps the most notable aspect of Shoonya’s pricing model is its unwavering commitment to zero brokerage across a wide range of services. The following services will remain free of charge:
| Sr. No. | Service | Charges |
|---|---|---|
| 1 | Annual Maintenance Charges | Zero |
| 2 | Commissions on Delivery Trades | Zero |
| 3 | Clearing Charges (NSE & BSE) | Zero |
| 4 | Commissions on ETFs | Zero |
| 5 | Commissions on Mutual Funds | Zero |
| 6 | Commissions on Bonds | Zero |
| 7 | Commissions on IPOs | Zero |
| 8 | API Charges | Zero |
| 9 | Call & Trade Charges | Zero |
| 10 | Account Opening Charges | Zero |
| 11 | Trading Platform Charges | Zero |
| 12 | Auto Square-Off Charges | Zero |
| 13 | Commissions on NRI (PIS or non-PIS) Equity Delivery Trades | Zero |
| 14 | Corporate Action Charges | Zero |
| 15 | Upfront Charges | Zero |
| 16 | Volume Commitments | Zero |
| 17 | Hidden Charges | Zero |
This table clearly displays the services provided by Shoonya with their corresponding charges (all of which are zero).
Shoonya continues to prioritize transparency and cost-effectiveness, ensuring that customers can focus on growing their investments without worrying about excessive fees or hidden costs.
A Strong Focus on Financial Well-being
At the heart of these pricing updates is Shoonya’s commitment to putting customers first. The company’s philosophy has always been to make investing easy and affordable, regardless of account size or experience level. By responding to customer feedback and adapting its pricing model, Shoonya aims to create an environment where all investors can thrive, whether they are beginners or experienced traders.
Shoonya’s promise to provide transparent, cost-effective services remains unchanged. The platform continues to offer zero brokerage on a wide range of services, ensuring that customers get the best value for their investments.