Hi MSA,
There must be some confusion here, can you send your client id to
[email protected] !!!Will get in touch with you regarding this!!! Rs 20 is only the brokerage, there are other taxes like STT, turnover, stampduty and etc!!!
If you bought and sold only 1 mininifty at a time, you would have spent, 48 X 20 = Rs 960 as brokerage.... Taxes and other charges would probably be another 1000 etc...hmmmm!!!! Or if it is 48 lots buying and 48 lots selling and you bought and sold only 1 mininifty at a time , then brokerage would have been 960 buyin and 960 selling, so around 2200 including service tax... in this case you would have generated 1.1crores turnover(assuming nifty at 5600)... STT is Rs 1700/cr(selling), turnover-sebi-nse etc (Rs 540/cr) ... You would have paid around 1700 as these charges.... So this way you would have paid around 4000 in all!!!!! We Should all Pray for reduction in STT!!! Only way business will pick up on futures or otherwise similar to US we will all be trading only options in the coming years!!!