Upstox - RKSV - Trade in Rs 20 Max

[RKSV]

One newbie question.

If I trade 1 lot bank nifty intraday what will the total cost be per transaction
Lets say I buy at 11400 and sell at 11410. What will be the total transaction cost and what will my net profit be?

Hi jairam,

Use our calculator http://rksv.in/calculator.php to get more details. For one lot (qty 25), you would make a net profit of Rs. 174.80 after statutory charges of Rs. 75.21.

 

[jairam]

can single lot be traded without availing 1947 package for Rs 75.21 per trade?

 

[Trader J]

Hey guys!

We just launched our next unlimited plan and it's for the NSE Currency segment! Introducing the RKSV Currency 999 Plan where you pay Rs. 999 a month for unlimited trading, zero brokerage on NSE CDS Futures and Options.

This is a separate plan from the existing Freedom Plan. So you can choose to subscribe to one or both of the plans. Also, the same refund principle applies -- if you don't trade on CDS you get your 999 back. If you trade on the Freedom Plan but don't trade on CDS on a particular month, then you still get your 999 back. We will also pro-rate the first month's bill just like the Freedom Plan.

Website has been updated with all the full details. For existing clients, all you have to do is fill out the segment addition form here: http://rksv.in/files/AdditionSegments.pdf.

Of course, let's not forget the transaction costs since we know many of you guys here are keen on knowing that. It's Rs. 160 per crore on CDS futures and Rs. 7,500 per crore on CDS options. Our calculator has been updated for CDS at http://rksv.in/calculator.php.

On a side note, we are going to start sending all of our clients a daily SMS at the end of the day summarizing your trades. There is no cost to this -- it's more of a security mechanism so you know that trading activity was or was not done on your account every day.

Additionally our back office has been updated to give you taxation reports. More info here: http://help.rksv.in/solution/categories/30188/folders/48517/articles/22289-generating-reports-for-taxation

One thing to note: There are a few changes on our BSE CM plan. NSE has begun charging brokers an additional Rs. 150 per client per foreign segment as a software fee starting November. If you are a subscriber of the BSE CM plan, this will be an additional fee However, a very small percentage of our clients are enabled for the BSE CM segment (<5%) so I doubt it will affect most of you. Additionally, BSE wants us to charge a minimum brokerage per day as per their rules so if you trade on BSE CM on a particular day, we are adding a fixed amount of 1 paisa on the contract note for that (not 1 paisa brokerage, just 1 paisa).

All in all, it's been a hectic day with the NSE Cash segment going down for several minutes but our team is happy to announce the new segment addition and ready to answer your questions

Dear RKSV,

Thanks and congrats for new business, If NOW is not suitable for some reason, you can go for NEST , there is lot of facility like charting, Amibroker Plugs, Cover Order Etc, and you can start MCX in future

 

[RKSV]

can single lot be traded without availing 1947 package for Rs 75.21 per trade?

Hi jairam,

The Rs. 75.21 is not brokerage -- it is all statutory charges paid to the exchange, clearing firm, SEBI, and governments. Most brokers charge you brokerage on top of the Rs. 75.21 charge. What we do is bill a monthly subscription fee so that there is no brokerage on top of the statutory charges.

Hope that clears it up.

 

[jairam]

For a person who takes only few trades (say in banknifty futures) per month, this will be a costly option. Hence I asked if there is any other package for traders who take few trades a month. Then what would the brokerage be?

 

[RKSV]

For a person who takes only few trades (say in banknifty futures) per month, this will be a costly option. Hence I asked if there is any other package for traders who take few trades a month. Then what would the brokerage be?

Hi jairam,

Ah I see. So we don't have any other package for now on F&O. What I recommend is see how much you pay with your current provider and see if your brokerage bill goes beyond 1947. That way you can decide whether you will save money or not.

 

[DataRam]

@ RKSV

Really great News that you have started CDS segment !!

CONGRATZZZZ.. :thumb: :clapping: :clap:

New segment .....New Query !!

How will the process of deducting the brokerage will go ahead ?

What I seem to understand is that at the 1st of the month :

Brokerage for Freedom Plan + Brokerage for CDS will be deducted. If a client trades in both segments then its simple. If the client trades for a month in one particular segment and does not trade in another segment then the brokerage for the segment which is not traded will be refunded back for the month.

If a client does not trade in both segments for a particular month then will the brokerage be refunded for both the segments ?

Have I understood this right ? If not then please add your inputs .

Thanks .

 

[RKSV]

@ RKSV

Really great News that you have started CDS segment !!

CONGRATZZZZ.. :thumb: :clapping: :clap:

New segment .....New Query !!

How will the process of deducting the brokerage will go ahead ?

What I seem to understand is that at the 1st of the month :

Brokerage for Freedom Plan + Brokerage for CDS will be deducted. If a client trades in both segments then its simple. If the client trades for a month in one particular segment and does not trade in another segment then the brokerage for the segment which is not traded will be refunded back for the month.

If a client does not trade in both segments for a particular month then is the brokerage refunded for both the segments ?

Have I understood this right ? If not then please add your inputs .

Thanks .

Hi rockyrobust,

Yep, if a client does not trade in both segments for that month, both will be refunded.

Think of it like just another Freedom Plan extended to Currency.

 

[DataRam]

Hi rockyrobust,

Yep, if a client does not trade in both segments for that month, both will be refunded.

Think of it like just another Freedom Plan extended to Currency.

To see your reply so fast..... its just so amazing . Really great initiative from you to add CDS in a very convenient way.

Also would like to appreciate your backoffice addition for simplifying Taxation matters . Indeed a very helpful tool .

Wishing you success !!

 

[Trader J]

Dear RKSV,

Thanks and congrats for new business, If NOW is not suitable for some reason, you can go for NEST , there is lot of facility like charting, Amibroker Plugs, Cover Order Etc, and you can start MCX in future

Daer RKSV,

Congrats once again for New freedom Plan.....May I know about any cost needed for NEST Trader Terminal for all segment, you can also use both, NOW and NEST, I mean two option for Trader. Please reply, Thanks