Dear Zerodha,
I have traded 20 lots of MININIFTY (20 times buy and 20 times sell) from 26-09-2011 to 07-10-2011. For this I was charged brokerage of 2687.42 . Which works out to 134.37 for each lot, which is more than ICICI which is charging 106.91.
0.01 % brokerage or 20 Rs brokerage aside , Are you people not supposed to be atleast lower than the highest paid brokerage in the industry
Regards
I have traded 20 lots of MININIFTY (20 times buy and 20 times sell) from 26-09-2011 to 07-10-2011. For this I was charged brokerage of 2687.42 . Which works out to 134.37 for each lot, which is more than ICICI which is charging 106.91.
0.01 % brokerage or 20 Rs brokerage aside , Are you people not supposed to be atleast lower than the highest paid brokerage in the industry
Regards
Assuming nifty at 5000, 20 buys and 20 sells equals to generating a turnover of 40lks...
Previously for these 20 buys and 20 sells, you would have paid a brokerage of 400 + 400 that is Rs 800... From now onwards with the new plan, you would pay 200 + 200= Rs 400 ....
With icici assuming 0.05% brokerage, you would have paid for 40lks of turnover : Rs 2000...
STT would be same with both of us, for 40lks around Rs 350 for STT...Transaction charge would be around 125 with them and around 220 with us...
Because you trade mininifty and because you probably do only 1 lot a day, stmp duty component with us would have been the difference...For 40lks because you have done the turnover on different days, you would have paid 400 as stamp duty(0.01% with max of Rs 50 per day) and you would have probably paid 80 as stamp duty with them(Rs 200 per crore)... But the stamp duty difference will be fixed very soon as we have been informed by the exchange......Karnataka stampduty is a boon for higher volume traders, but can be a pain if you are doing only 1 lot a day of turnover...
But you definitely would be paying much lesser with us...
