The BSE To Increase Transaction Charges(Image: Timeline mediafiles)

The Bombay Stock Exchange (BSE) would be increasing transaction charges. The BSE announced that transaction charges on the equity derivative segments, particularly on S&P BSE Sensex are to be increased, reported the moneycontrol. This move by the BSE would fall upon the traders as well as the retailers. The raised transaction fees could become effective from November 1, 2023.

The charges will be upon imposed on the S&P BSE Sensex options, especially on the immediate expiry contracts. The fee is structured on the incremental billable monthly turnover or the premium value, said the investing.com.

This revised structure will have charges of INR 500 per crore for transactions with turnovers worth INR 3 crore. The fee would be INR 3,750 per crore for turnovers worth INR 3 crore but not more than 100 crore. The fees charged for turnovers in the range of INR 100 crore to INR 750 crore will be INR 3,500 per crore. Transaction which ensures turnover of INR 750 to INR 1,500 crore would have a fee of INR 3,000 per crore. For transactions worth above INR 1,500 to INR 2,000 crore will be charged by a fee of INR 2,500 per crore and for transactions which brings in a turnover above INR 2,000 crore, a fee of INR 2,000 per crore will be charged.

These changes are applicable only to S&P BSE Sensex Options, with no modifications to the charges on transaction in the other equity derivatives contracts. The changes have been initiated in order to simplify the structure of the fees and to bring in more transparency in the derivatives segment as BSE is continuingly gaining a grip in this market.