What is Min Dlv Charge?

#1
Hi guys,
I am trading with sharekhan right now and they charge something called Min Dlv Charge.
On a total trade of 1478.38 I was charged a Min Dlv of 56.58 :(
Do all brokering firms charge this? Plus I Pay a yearly dp charge of 400+taxes

I was thinking of changing from sharekhan to maybe angel broking. is that a good idea? Hows angel broking software is it as good as sharekhans tigertrade?


thanks
 

nac

Well-Known Member
#3
^^ Most of the brokers charge something as minimum. It can be per share or per contract note or per scrip whatever.

For eg:
In sharekhan your brokerage is .03% subject to minimum of 5 paise per share. When you buy 1000 shares @ Rs. 10/-, and cover the same @ Rs. 11/- Therefore total turnover is Rs. 21000/- (10000+11000). They will charge you 2000(no. of shares)*.05 = Rs. 100/- not Rs. 21000*.03% = Rs. 6.30/-

Minimum brokerage differs from broker to broker and client to client. So if this is the reason you are looking at angel hoping they won't charge anything as minimum, you'll be disappointed by them saying that there is minimum charge in angel. (I guess, angel do charge minimum brokerage)
 
#4
^^ Most of the brokers charge something as minimum. It can be per share or per contract note or per scrip whatever.

For eg:
In sharekhan your brokerage is .03% subject to minimum of 5 paise per share. When you buy 1000 shares @ Rs. 10/-, and cover the same @ Rs. 11/- Therefore total turnover is Rs. 21000/- (10000+11000). They will charge you 2000(no. of shares)*.05 = Rs. 100/- not Rs. 21000*.03% = Rs. 6.30/-

Minimum brokerage differs from broker to broker and client to client. So if this is the reason you are looking at angel hoping they won't charge anything as minimum, you'll be disappointed by them saying that there is minimum charge in angel. (I guess, angel do charge minimum brokerage)
that makes sense. but they charged me both brokerage and this dlv thing.
 
#6
Hi everyone,

Min. delivery charges are similar to that of DP charges recently started by Angel too. DP charges are against cost of transfer of shares to settlement. Clients will have to incur this cost even if they transfers share from their own account. Moreover, I am trading with Share khan/Motilal Oswal & Angel Broking & can certainly share with you that software offered by Angel Angel Diet is the best among three of them.. Hence would advice Angel. Good Luck!


Hi guys,
I am trading with sharekhan right now and they charge something called Min Dlv Charge.
On a total trade of 1478.38 I was charged a Min Dlv of 56.58 :(
Do all brokering firms charge this? Plus I Pay a yearly dp charge of 400+taxes

I was thinking of changing from sharekhan to maybe angel broking. is that a good idea? Hows angel broking software is it as good as sharekhans tigertrade?


thanks
 
#7
Hi everyone,

Min. delivery charges are similar to that of DP charges recently started by Angel too. DP charges are against cost of transfer of shares to settlement. Clients will have to incur this cost even if they transfers share from their own account. Moreover, I am trading with Share khan/Motilal Oswal & Angel Broking & can certainly share with you that software offered by Angel Angel Diet is the best among three of them.. Hence would advice Angel. Good Luck!
Hi Poulomi,
u r saying Angel Diet is better than Motilal Oswal's MyBroker and Sharekhan's TradeTiger. But can u elaborate a little about what will I get more in Angel Diet than TradeTiger ? Thanks in advance.
 
#8
Hey they didnt offer me those you mentioned. I have been given classic software by Share khan & Easy trade by Motilal Oswal. Angel Odin Diet is certainly better than these two in terms of speed, accuracy &convenient. Please guide me how to get the same? And please share your experience. Thanks in advance!

Hi Poulomi,
u r saying Angel Diet is better than Motilal Oswal's MyBroker and Sharekhan's TradeTiger. But can u elaborate a little about what will I get more in Angel Diet than TradeTiger ? Thanks in advance.
 
#9
^^ Most of the brokers charge something as minimum. It can be per share or per contract note or per scrip whatever.

For eg:
In sharekhan your brokerage is .03% subject to minimum of 5 paise per share. When you buy 1000 shares @ Rs. 10/-, and cover the same @ Rs. 11/- Therefore total turnover is Rs. 21000/- (10000+11000). They will charge you 2000(no. of shares)*.05 = Rs. 100/- not Rs. 21000*.03% = Rs. 6.30/-

Minimum brokerage differs from broker to broker and client to client. So if this is the reason you are looking at angel hoping they won't charge anything as minimum, you'll be disappointed by them saying that there is minimum charge in angel. (I guess, angel do charge minimum brokerage)
In IIFL also there is minimum 5 paisa per share condition, what about RKGlobal, any such condition, RKG users please reply ..:confused:.
 
#10
Hey they didnt offer me those you mentioned. I have been given classic software by Share khan & Easy trade by Motilal Oswal. Angel Odin Diet is certainly better than these two in terms of speed, accuracy &convenient. Please guide me how to get the same? And please share your experience. Thanks in advance!
Sharekhan's Classic and Motilal's Easy Trade are web browser based versions. U r going to internet explorer (or firefox, etc), logging in and trading.
Sharekhan's TradeTiger and Motilal's MyBroker are installable applications in your computer. Sharekhan offered it free to me. U can ask them to provide u TradeTiger software. Use it and then let me know how u compare between it and Angel Diet.
I'm also using ODIN from RK Global. ODIN is good in all aspects except charting.

Actually some brokers subscribe to ODIN (developed by Financial Technologies) and some brokers have their own software or get it developed from any software company.
 

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