Note: Above charges are subject to minimum brokerage charges in line with SEBI directives and exclusive of DP charges. - Transaction Charges for BSE vary as per stock group
Use the Brokerage calculator above to know the details of brokerages paid for your investments
For every trade that you make in the stock market through a stock broker, you incur a charge known as the brokerage. It is essential to be aware of the brokerage before trading in the stock market, since it can give you a good idea of the additional costs applicable on each transaction. Here’s where a brokerage calculator comes into the picture.
A brokerage calculator is an online tool that allows you to quickly determine the brokerage for a particular trade. Such a calculator is simple and easy to use, and it is available online completely free of charge as well. All that you need to do is enter a few details of the trade, such as the following particulars —
Once you enter these details, the brokerage calculator will instantly display the brokerage that you’re likely to incur on the trade. In addition to this, the brokerage calculator will also display a host of other charges that are applicable on a trade as well, such as the turnover charges, GST, STT, and stamp duty, among others.
With a brokerage calculator, you can get to know the various costs associated with a trade before you actually place an order. This allows you to plan your trades more efficiently.
There are several factors that are taken into consideration when calculating the brokerage for a trade. A few of the most important ones are elaborated upon below.• The type of trade
There are two types of trade that you can make in the stock market, namely intraday trades and delivery trades. Usually, stock brokers levy different brokerage charges for intraday trades and delivery trades.• The trade segment
This is another important factor that is taken into consideration for brokerage calculations. There are different market segments in which you can trade in, namely, the spot/cash market and the derivatives market. The brokerage that’s applicable on a trade depends on the segment that you wish to place an order in.• The price of the asset
Some stock brokers tend to charge brokerage as a percentage of the total turnover of a trade. In such cases, the price of the asset is a crucial factor that’s taken into consideration by a brokerage calculator to determine the brokerage applicable on a trade.• Quantity
In addition to the above factors, the quantity of the asset that you wish to trade in also plays a key role in determining the amount of brokerage applicable on a trade.
A brokerage calculator comes with a host of features and offers benefits. Some of the most important advantages of using this online tool are outlined below.• You get a better idea of the costs involved in a trade
A brokerage calculator allows you to determine the various costs associated with a trade, thus helping you make a more informed trading decision.• It helps you calculate the break-even target of a trade
The break-even target of a trade is essentially the sum of the purchase price of the asset and the various costs associated with the trade. A brokerage calculator helps you determine the various costs associated with a trade and quickly calculates the target price at which you can break even.• You can compare the brokerage charges of different stock brokers
Using a brokerage calculator, you can quickly ascertain the charges levied by different stock brokers and use that information to choose a suitable broker for your trades.• You get accurate and instant results
An online brokerage calculator only takes a few seconds to determine the brokerage applicable for a trade. Also, since the calculation is automated, you can rest assured that it will be free from computational errors.
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There are two ways through which stock brokers tend to charge brokerage. It can be levied as a percentage of your trade value or as a flat-rate fee. The brokerage for a trade is calculated depending on the type of brokerage plan that you have subscribed to.• Brokerage as a percentage
In this case, the brokerage on a trade is levied as a percentage of the total value of the trade. The percentage of brokerage applicable on a trade primarily depends on the stock broker you’re associated with. It can range anywhere between 0.01% and 0.25% of the trade value.
The formula used to calculate brokerage that is levied as a percentage of the trade value is as follows -
Brokerage = Number of units bought or sold x Price per unit x Percentage of brokerage• Brokerage as a flat-rate fee
Of late, many stock brokers have moved on to a flat-rate fee structure instead of charging brokerage as a percentage of the total value of the trade. According to this method, the brokerage is levied as a flat fee on each trade. The fee per trade tends to vary depending on the stock broker you’re associated with, and can range from around Rs. 10 per trade to Rs. 25 per trade.
The formula that’s used to calculate brokerage is shown below -
Brokerage = Number of trades made during a day x Brokerage per trade
An intraday trade is one where an asset is bought and sold within the same day. The brokerage that is levied on an intraday trade is termed as intraday brokerage.
Intraday brokerage can be calculated by applying the following formula -
Intraday brokerage = Number of shares being bought or sold x Price per share x Intraday brokerage percentage
No. Stamp duty is a state subject. This effectively means that the stamp duty charged on a trade will vary depending on the state you’re located in.
Securities Transaction Tax, also known as STT, is a tax levied on all trades in the equity segment. For equity delivery trades, STT is levied on both buy and sell trades at the rate of 0.1% on the total trade value. For equity intraday trades, STT is levied only on sell trades at the rate of 0.025% on the total trade value.
Most stock brokers charge brokerage on trades occurring in the futures segment as a flat fee. Motilal Oswal charges brokerage for a future trade at Rs. 20 per lot.
For the commodities segment, the brokerage is charged as a flat fee per lot. The current brokerage levied by Motilal Oswal on commodity options is Rs. 200 per lot.
Commodities Transaction Tax, also known as CTT, is very similar to STT. This tax is applicable on all trades occurring in the commodity segment, except on agricultural commodities.
Also known as the SEBI turnover charges, this fee is applicable on all buy and sell trades. SEBI charges are levied at 0.000005% of the total trade value.
All states in India levy stamp duty charges on intraday trades, delivery trades, and derivative trades. The rate of stamp duty applicable on a trade tends to vary depending on the state you’re located in. Also, this charge is applicable only on buy trades and not on sell trades.
The exchange that you trade on (whether NSE or BSE) charges a fee for every buy and sell trade that you place on it. This fee is known as the exchange transaction charge fee. The rate at which this fee is applicable on a trade depends on the exchange and the segment that that you trade in.
The delivery charges on a trade can be calculated by using the formula mentioned below.
Delivery charges = Total value of the trade x Percentage of delivery brokerage
The broker commission is basically the brokerage that’s charged on a trade. It can be calculated by applying the formulas listed below.
Brokerage as a percentage = Number of units bought or sold x Price per unit x Percentage of brokerage
Brokerage as a flat-rate fee = Number of trades made during a day x Brokerage per trade
The brokerage charges levied by Motilal Oswal as as follows :
|Options (Equity Trading)||Rs 20 Per Lot|
|Options (Commodity Trading)||Rs 200 Per Lot|
|Futures & Options – Currency||Rs 20 Per Lot|