Zerodha - Number One Discount Broker in India

[Zerodha]

i used to get mail on addition or deletion or change in lot size of any scrip from my traditional broker.

We are launching a very interesting tool for this issue on Friday.. Instant notification by anyone of importance be it exchanges or regulators..

Will share the link on traderji on thursday..

 

[Zerodha]

If I remember correct, for intraday (equity) sum of your daily loss/profit is your turnover.

For equity intraday, profits +losses

In case of delivery, purchases + sales...

 

[poortrader]

For equity intraday, profits +losses

In case of delivery, purchases + sales...

@zerodha

1) u r giving net profit per scrip traded (i traded only intraday equity), will the net profit / loss per scrip add up to turnover, or we have to dig out each trade's profit + loss? eg i may have traded sbin 10 times on different dates, but in back office only the net profit/loss for the scrip sbin is given. so as per backoffice how do we calculate the turnover in equity intraday?

2) will this turnover from equity intraday added to turnover from f&o and currency+commodity to arrive at total turnover?

 

[hupadhya]

Govt likely to move towards uniform stamp duty.....
source Business Standard.....

http://www.business-standard.com/article/economy-policy/govt-likely-to-move-towards-uniform-stamp-duty-for-states-113101500827_1.html

 

[mprakash1972]

Hi Zerodha,
http://www.zerodha.com/z-connect/blog/view/margins-2-exit-orders-for-1-position
can you explain how this works in case of cover orders?
regards
M Prakash

 

[xsis]

according to the article, currently the min stamp duty is levied by maharashtra i.e. 0.0001% and 0.005% by other states! this is going to be changed to uniform one i.e. 0.003% if passed in winter session of parliament!

now my question is v simple:

• what can't zerodha customise their calculator and incorporate these charges to be more specific, clear and transparent? though some kind of customisation is required, it won't be 35 (28 states and 7 UTs) combinations. even if that is not possible then WHY -
• they mention "Stamp Duty is charged at 0.01% or Rs. 50 per contract note - whichever is lower and
  *Stamp duty is charged according to the Karnataka Stamp Duty Act and is not included in the brokerage calculator."
  but the article says that Southern states like Andhra Pradesh and Karnataka (where zerodha is based out), which do not levy stamp duty, might gain in the new system. SO IT LOOKS A BIG CONFUSION as according to zerodha calculator stamp duty is 0.01% what is this whole mystery of stamp duty and x% charged by zerodha?:annoyed:

and the most imp point is even if everything is correct at zerodha's end, then consider this example where you BUY 1 Nifty contract @6000. the stamp duty for this would be Rs. 30. OMG! This is 1.5 times more than the brokerage of Rs.20 which i am paying to zerodha! Simply this means that Zerodha's claim of cheap brokerage house is wrong. infact the retail guys are the biggest losers if they trade with zerodha as they are paying more stamp duty than brokerage!

Same applies to option contracts too where the Stamp Duty is calculated on turnover of option contract which in this case would be again more than Rs. 30 (if i consider ATM option trade of Nifty). ur giving more than the brokerage as stamp duty. it kills a retail trader on the contrary who joins these brokerages to minimise cost!

Govt likely to move towards uniform stamp duty.....
source Business Standard.....

http://www.business-standard.com/article/economy-policy/govt-likely-to-move-towards-uniform-stamp-duty-for-states-113101500827_1.html

 

[sudhakar1980]

Hi Zerodha,

Sir i want to know how much margin needed for sell a nifty call option in MIS component?
say call premium is 50rs? if it is 150rs how much margin?

 

[tradetolearn]

For NSE, backoffice will still show 15% more than what is shown on terminal, as I said on terminal we reduce a bit to make sure clients who are on border line get to trade and their orders not rejected.

For MCX, I guess it will be from Wed when it will show same on both BO and Platform

hello zerodha,
kindly see the pics attached and check.If i calculated anything wrongly pls point out.
The pictures are of span calculator of NEST TRADER and of margin files of back office

 

[cnatarajanv]

Hello Zerodha
We would highly appreciate if you include an option to save the changes made to market watch without exiting Zerodha trader

 

[Zerodha]

@zerodha

1) u r giving net profit per scrip traded (i traded only intraday equity), will the net profit / loss per scrip add up to turnover, or we have to dig out each trade's profit + loss? eg i may have traded sbin 10 times on different dates, but in back office only the net profit/loss for the scrip sbin is given. so as per backoffice how do we calculate the turnover in equity intraday?

2) will this turnover from equity intraday added to turnover from f&o and currency+commodity to arrive at total turnover?

1. Yes, net profit/loss per scrip can be considered as turnover for equity intraday

2. Yes needs to be added to all other turnovers..

Calculation of turnover is a very tricky thing because there is no guideline given by IT department. The best thing to do if you are an active trader it to get your books audited by a CA every year, because the calculation of turnover is just to determine if your books need to be audited or not.