Zerodha....

[Zerodha]

Can you provide details of functionality of your backoffice functionality.

a) List of back office features/functionality

b) Taxation Perspective: From taxation perspective, we as traders need to provide data to accountant. What specific format data is avaliable for trades done ? Scrip wise summary, day wise summary, or any other format ? Is it downloadable in
excel format ?

Back office features have everything that you need, from trade book to net positions, ledger details to fund withdrawals, I don't think there is any report that is missing...

Yes it is all downlodable in excel format and both scrip wise and day wise available...

 

[Zerodha]

Ranger,

In my opinion Zerodha is correct because they are being charged extra by the exchange...by virtue of being a new member.....and they are transparent about it.....

Even though I feel your comparison is unfair taking 10, 15 & 20 lots of Options @ 100

Find the illustration below only of the brokerage charged by others while I take into account your unfair calculation of 40 per order with Zerodha... and see if it makes sense

RKG 10x9 = 90 + TC
Bezel 10x10 = 100 + TC
Zerodha 10 Lots (Single Order) = 40 (Your Calculation including TC)

RKG 15x9 = 135 + TC
Bezel 15x10 = 150 +TC
Zerodha 15 Lots (Single Order) = 40 (Your calculation Including TC)

RKG 20x9 = 180 + TC
Bezel 20x10 = 200 + TC
Zerodha 20 Lots (Single Order) = 40 (Your calculation Including TC)

Can you see how ridiculous the argument is....

SavantGarde

Thanks Savantgarde,

Ranger, I am looking at RKG's transaction charge for options, it is 0.071%... Indiabulls is 0.065%...I will take it on me to list down the total transaction charge by all the brokers in the next 2 days for options... What you are not understanding is, clearing charge for every broker is variable.. as our volume keeps going up it will keep coming down... 20-20 is our marketing strategy, we can't keep increasing and decreasing it and keep making change on our website when there is a change... Hope this clarifies...

Cheers...

 

[arsh_makker]

Thanks Savantgarde,

Ranger, I am looking at RKG's transaction charge for options, it is 0.071%... Indiabulls is 0.065%...I will take it on me to list down the total transaction charge by all the brokers in the next 2 days for options... What you are not understanding is, clearing charge for every broker is variable.. as our volume keeps going up it will keep coming down... 20-20 is our marketing strategy, we can't keep increasing and decreasing it and keep making change on our website when there is a change... Hope this clarifies...

Cheers...

Hi Sachin,

That would be a great idea, perhaps it would be a good idea that we posted an example of simple brokerage + taxes calculation at Zerodha.

I have attached here an excel file 'Taxes on Options.xls' which are charged at Zerodha. (not sure if the formulas work in this excel after attaching, but it can help you calculate the total taxes+brokerage and perhaps your profit also.)

@Sachin, please check the excel and if I posted something incorrect, please correct me.

Also, Saching i would like to know what is 20-20 marketing strategy of your?

Regards
Arshdeep

 

[SavantGarde]

Hi Giri,

It would not be correct to take both legs into account for comparison as illustrated by you

a) 20 Bucks as charged by Zerodha is per order
b) 'Order' doesn't mean both legs
c) Single Terms that would mean both legs of the trade would be 'Round Trip' 'Round Trade' & 'Complete Trade'

SavantGarde

Good to see moderator's participation in this thread:thumb:

Just to clarify....RKG charges 9/- per leg, i.e 9/- for buying and 9/- for selling.

So in above example, it should be calculated like this...

RKG 10x18 = 180 + TC

Thanks,
Giri

 

[aniket_tyagi]

Question for Zerodha
NOW is free till March only. What after that? FT ain't getting an Equity exchange any sooner, if. What are the side effects?

Please reply.

 

[Zerodha]

Hi Sachin,

That would be a great idea, perhaps it would be a good idea that we posted an example of simple brokerage + taxes calculation at Zerodha.

I have attached here an excel file 'Taxes on Options.xls' which are charged at Zerodha. (not sure if the formulas work in this excel after attaching, but it can help you calculate the total taxes+brokerage and perhaps your profit also.)

@Sachin, please check the excel and if I posted something incorrect, please correct me.

Also, Saching i would like to know what is 20-20 marketing strategy of your?

Regards
Arshdeep

Hi Arsh,

By 20-20, I meant the pricing plan of ours.. .. 20 buy and 20 sell , What you have mentioned on excel looks perfect...

 

[Zerodha]

Please reply.

Hi Aniket,

What we have been told is, cost for NSE NOW if introduced would be on our dealer terminals(terminals that run at broker offices) atleast till 2012... If they introduce in 2012, we will find ways to absorb them...

Cheers..

 

[gunavadhi]

how to refer my friend to you?

unanswered...why?

 

[aniket_tyagi]

Hi Sachin,

I have attached here an excel file 'Taxes on Options.xls' which are charged at Zerodha. (not sure if the formulas work in this excel after attaching, but it can help you calculate the total taxes+brokerage and perhaps your profit also.)

Regards
Arshdeep

Hi Arshdeep,

I turned it into a calculator of sorts. Didn't know the "how to calculate" part. Knew "how to write the formulae" for that.

 

[sumosanammain]

Some people will never stop cribbing. Thank God, the calculations were for 20 lots only and not for 500 lots.

Sometimes I feel that what people are looking for is free brokerage, with tips that work 100 % of the time, and even on sundays. And even a concierge service to go and collect the money from the branches of their banks.

Zerodha, when will you offer free brokerage with the above services? any timeline?
I am also expecting tips for trading on the NSE in the evenings so that I can splurge on my dinner parties that of course YOU will have to organise and pay for.

When RK global server goes down and traders are screwed, that time they are ready to pay anything for a stable option. And when they do get it, they want it to be perfect to the dot, and forget how they are screwed by their previous brokers.

Of course, we cant rule out mischief from your so called competition also

Disclaimer. I am NOT a client of Zerodha, nor do I plan on becoming one in the near future, as NOW does not allow running multiple versions on the same machine. Other that that, I would shift to them even if it meant walking all the way from Mumbai to Bangalore to open the accounts.