Upstox - RKSV - Trade in Rs 20 Max

[RKSV]

100 % Agree on below points

"What makes me comfortable with RKSV is that after getting Rs. 2187 deducted from my trading account on the first day of the month I would not have to worry about the number of trades at all for the whole of the month . No matter, whether I trade as a scalper/jobber taking my trades to 10-12 per day [aggressive] or keeping it simple to 2-4 [conservative] trades per day I have no worries about brokerage. "

I want to add something

I am only trading in Nifty Options only & what is my observation is earlier RKSV trading is costly after Prem reach above 60 if u compare all other charges with ZERODHA, but now RKSV is taking clear lead in Breakeven race of unbeatable Points with 0.10 Paise difference with RKSV as Nifty Premium is

There call & trade facility is so fast that u will connect it within less than 10 second to a Dealer after u reach there IVR

And one thing i dont know RKSV is so much i love with me they didn't deduct my call & trade facility on same day

P.S. RKSV last week or may be last to last week in single day i did 3 call & trade but u debit me for only one can u pls debit the same pls

Raju do u know any other broker then RKSV where u have to ask u r broker to debit u r account :rofl::rofl::rofl::rofl:

Heh well if we overcharged you, do let us know and will rectify the same.. if we forgot to charge you..

 

[santaji4]

Dear RKSV


No not at all u are overcharging us even there are some other charges u are charging lower then ZERODHA below is one comparison with ZERODHA

If i buy Nifty 10 lots at 50 Rs & sell it at 51

At Zerodha


Turnover 50500
Brokerage 40
Stt Total 4
Total Tran Charge 40.4
Service Tax 9.65
Education Cess 0.19
Higher Edu Cess 0.1
SEBI Charges 0.05

--------------------------------------
Total Tax and charges 94.39
Points to Breakeven 0.19
Net Profit 405.61


At RKSV

Charge Cost
STT 4.34
Transaction Charges 36.11
Service Tax 4.33
Edu. Cess 0.09
Higher Edu. Cess 0.04
Stamp Duty 1.01
SEBI Turnover 0.05

-------------------------------------
Total Statutory Charges 45.97
Points to Breakeven 0.10
Net Profit 454.03

Regards
Santaji

 

[Jeareh]

Hi Santaji,

You have not mentioned the proportionate brokerage what RKSV is charging for this trade, to arrive the net profit.

 

[DataRam]

@ RKSV ,

I feel this may be interesting for you . If its interesting for you then it will certainly be for the clients too.

MCX-SX membership to cost 15-80% less

Link hereunder :

http://www.dnaindia.com/money/report_mcx-sx-membership-to-cost-15-80pct-less_1737271

 

[santaji4]

Hi Santaji,

You have not mentioned the proportionate brokerage what RKSV is charging for this trade, to arrive the net profit.

Hi Jeareh

ok we take example to make it more simple

suppose u buy 1 lot of nifty option at 50 & sell it at 50.10 with profit at 10 paisa u earn 5 Rs now we do bifurcation of that 5 Rs

1 Lot Nifty
Buy 50*50 = 2500
Sell 50*50.1 = 2505

Gross Profit 5 Rs
STT = 0.43 Rs
Transaction Charges = 3.58 Rs
Service Tax = 0.43 Rs
Edu. Cess = 0.01 Rs
Higher Edu. Cess = 0.0 Rs
Stamp Duty = 0.10 Rs
SEBI Turnover = 0.01 Rs
====================================

Total Charges = 4.56 Rs

Gross Profit 5
- Total charges 4.56
==========================
Total Profit 0.45 Rs

Ok here u are closing u r position with 0.10 Paise profit if u r Buy Prise is lower then u will get lower Breakeven price,

Now u Buy 50 sell 50.1 u get 0.45 Rs profit
if u Buy 10 sell 10.1 u get 4.09 Rs profit


Movement is only 10 Paise only but u r Buy & sell price is changed u get more profit i hope this answer clear everything if u want to know anything more pls let me know

 

[NinjaTrader]

Hi Jeareh

ok we take example to make it more simple

suppose u buy 1 lot of nifty option at 50 & sell it at 50.10 with profit at 10 paisa u earn 5 Rs now we do bifurcation of that 5 Rs

1 Lot Nifty
Buy 50*50 = 2500
Sell 50*50.1 = 2505

Gross Profit 5 Rs
STT = 0.43 Rs
Transaction Charges = 3.58 Rs
Service Tax = 0.43 Rs
Edu. Cess = 0.01 Rs
Higher Edu. Cess = 0.0 Rs
Stamp Duty = 0.10 Rs
SEBI Turnover = 0.01 Rs
====================================

Total Charges = 4.56 Rs

Gross Profit 5
- Total charges 4.56
==========================
Total Profit 0.45 Rs

Ok here u are closing u r position with 0.10 Paise profit if u r Buy Prise is lower then u will get lower Breakeven price,

Now u Buy 50 sell 50.1 u get 0.45 Rs profit
if u Buy 10 sell 10.1 u get 4.09 Rs profit


Movement is only 10 Paise only but u r Buy & sell price is changed u get more profit i hope this answer clear everything if u want to know anything more pls let me know

Either I am an idiot or my brain can't process such long posts. I wonder what is it?

As as far as I could understand Jeareh's question he was clearly asking you to add appropriate amount of brokerage to this trade, If it was taken through RKSV. Like you have added 40 rs as brokerage to a similar trade in Zerodha, whereas you have added 'Zero' rs as brokerage in RKSV. It is not exactly fair.

 

[santaji4]

Ok

If u want to compare brokerage u must have done 3 trades minimum per day for break even, it depends on how much trade u done per day or per month in September there is 21 trading days so it brokerage come to u 104 per day.
Now I am not mention brokerage in my trade calculation with RKSV becoz i am not sure how many trade u plan per day as u mention u are doing 2 trades it comes to u 52 Rs but its depend
Raju if u are doing 1 or 2 trades per day then ZERODHA is good if it is more then 3 a day then it is RKSV which i think its best but its totally my OPENION only u can take u r own call

in september u need to trade around around 55 trade to Breakeven if u compare u are paying 40 Rs Brokerage per day

I hope this is the answer u are expecting if anything more pls revert

 

[NinjaTrader]

Ok

If u want to compare brokerage u must have done 3 trades minimum per day for break even, it depends on how much trade u done per day or per month in September there is 21 trading days so it brokerage come to u 104 per day.
Now I am not mention brokerage in my trade calculation with RKSV becoz i am not sure how many trade u plan per day as u mention u are doing 2 trades it comes to u 52 Rs but its depend
Raju if u are doing 1 or 2 trades per day then ZERODHA is good if it is more then 3 a day then it is RKSV which i think its best but its totally my OPENION only u can take u r own call

in september u need to trade around around 55 trade to Breakeven if u compare u are paying 40 Rs Brokerage per day

I hope this is the answer u are expecting if anything more pls revert

The comparative example trade you posted was giving wrong impression to a newbie that rksv is cheaper to trade than zerodha for this trade. You added, 40 rs as, brokerage for zerodha but not rksv to arrive at a lower breakeven price. Your breakeven point is not 0.01 at rksv for this trade if you add 1947 rupees (+ service tax on this 1947) as brokerage.

I can also post a hypothetical trade with different assumptions about a trader, which will show zerodha is the cheapest of all brokerages, and has the lowest real breakeven point than even rksv. Which may be true for a average retail trader/investor but which may not apply to a scalper, jobber, arbitrageur's trading plan.

Now coming to deciding when to shift to rksv from zerodha then I would say this is simple to calculate as rksv and zerodha both have only one plan of scheme each, to offer to their customers. If you trade less than 100 orders (50 buy + 50 sell orders) per month zerodha is cheaper than rksv. If you trader more than 100 orders (50 buy + 50 sell) per month rksv will be cheaper for a trader.

Don't get me wrong. I love rksv's freedom plan. I will shift to rksv when it adds commodities and currency derivatives (mcx + mcx-sx + nse cds) in the freedom plan. It will be a dream come true for most traders who are paying more than 2000 rs as brokerage per month now.

 

[santaji4]

No i am not getting u wrong, but i am not giving wrong impression also will revert u in more detail after 3.30

 

[Raju]

santaji4,

I am trying to figure out difference for both the brokers.

Stamp duty for Zerodha(50) > Rksv (approx 20..not sure...need to check) ......?????

for following case.

Daily I would do the following

• Trade 1 , BankNifty Futures , Single Lot buy and Sell ....
• Trade 2 , BankNifty Futures , Single Lot buy and Sell.....

Thanks,
Raju