Zerodha - Number One Discount Broker in India

Zerodha,

What transaction tax do you charge for trading in BSE-100 F&O... same like Nifty? (BSE-100 is the derivative equivalent of Nifty-50, which was launched in this July and has started giving a good competition to it!)

Per this BS report, "the NSE charges Rs 5,000 for every Rs 1 crore of options turnover while BSE will charge a measly Rs 50 for the same. The exchange is already doing it for Sensex options and by now extending it to the BSE 100, closely correlated to the Nifty, it would make it difficult for traders to refuse to trade the former broader index, said a Mumbai-based broker. Moreover, the BSE 100 index would be put under the market making scheme for the first six months, ensuring that traders also cut on high statutory costs initially."

Link: http://www.business-standard.com/ar...tives-to-take-on-nifty-50-112072500051_1.html
 

Zerodha

Well-Known Member
Zerodha,

What transaction tax do you charge for trading in BSE-100 F&O... same like Nifty? (BSE-100 is the derivative equivalent of Nifty-50, which was launched in this July and has started giving a good competition to it!)

Per this BS report, "the NSE charges Rs 5,000 for every Rs 1 crore of options turnover while BSE will charge a measly Rs 50 for the same. The exchange is already doing it for Sensex options and by now extending it to the BSE 100, closely correlated to the Nifty, it would make it difficult for traders to refuse to trade the former broader index, said a Mumbai-based broker. Moreover, the BSE 100 index would be put under the market making scheme for the first six months, ensuring that traders also cut on high statutory costs initially."

Link: http://www.business-standard.com/ar...tives-to-take-on-nifty-50-112072500051_1.html
Transaction charges including clearing for options on BSE is much lesser 2500/crore of premium. The liquidity on BSE is still not much, so might take a while before retail interest start picking up.
 
@Zerodha

My Demat account is still not open. Verification was done on last Tuesday and I was promised that it'll be active by Thursday,then Friday Evening and it is Tuesday today. I am tired of telling you guys to activate it. 10 days was expected but above 25 days are too much. I thought of starting trading today. If it's activated by tomorrow then it's OK. Otherwise I am thinking of leaving Zerodha as a broker and I won't even hesitate registering a complaint at www.nse-investorhelpline.com/EIS/‎ . No complaining after that. And believe me I follow my rules.

contact:9882325694
 
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