For intraday, I heard that ICICI DIRECT has a product called "margin plus" which gives your 20 times exposure. I am not sure what the brokerage structure is like.
The lowest brokerage for intraday I have heard on this forum is Rs. 800 per crore of turnover.
Bunny , here is the brokerage structure(I-secure) for ICICIDirect
To select from the offered brokerage plans login to customer service page and click on "Select Brokerage Plan".
Brokerage In Cash
Total Eligible Turnover (Per calendar Quarter) Brokerage (%)
Second Leg Of Trades
Effective Brokerage on Intraday Squareoff
Irrespective of turnover
0.55%
Nil
0.275%
Service Tax (ST), Securities Transaction Tax (STT), SEBI turnover charges ,Transaction Charges (inclusive of Service tax) and Stamp duty will be charged in addition to brokerage as follows:
Service Tax (ST) will be charged at 10.30% on total value of brokerage
Securities Transaction Tax (STT) at 0.125% on turnover
SEBI turnover charges at 0.0001% on turnover
Transaction Charges will be charged @ 0.0031% for NSE and 0.0035% for BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges
Applicable State wise Stamp Duty charges as per delivery and non-delivery would be levied on turnover
The minimum trade value accepted is Rs. 500
The minimum brokerage for transactions upto Rs. 4,545 is Rs. 25 or 2.5% whichever is lower. All statuary charges would be levied over and above minimum brokerage
Brokerage rate mentioned above would be levied for trade value exceeding Rs. 4,545
Second leg of intra day square off transaction in cash will not be charged any brokerage.
Brokerage in Margin & Margin Plus
Total Eligible Turnover per month Brokerage (%)
Above Rs. 20 Crores 0.030
Rs.10 Crores to 20 Crores 0.035
Rs. 5 Crores to Rs. 10 Crores 0.040
Less Than Rs. 5 Crores 0.050
Service Tax (ST), Securities Transaction Tax (STT), SEBI turnover charges, Transaction Charges (inclusive of Service tax) and Stamp duty will be charged in addition to brokerage as follows:
Service Tax (ST)will be charges at 10.30% on total value of brokerage
Securities Transaction Tax (STT) at 0.025% on turnover (Sell transactions only)
SEBI turnover charges at 0.0001% on turnover
Transaction Charges will be charged @ 0.0031% for NSE and 0.0035% for BSE on turnover. Applicable Service Tax would be charged over & above Transaction charges
Applicable State wise Stamp Duty would be levied on turnover
All Margin positions pending for delivery would be levied brokerage equivalent to Cash segment
Any Margin position converted to delivery would attract brokerage equivalent to Cash segment
The minimum trade value accepted is Rs. 500
The minimum brokerage for transactions upto Rs. 30,000 is Rs. 15 or 1.5% whichever is lower. All statuary charges would be levied over and above minimum brokerage
Brokerage rate mentioned above would be levied for trade value exceeding Rs. 30,000
Brokerage in Future & Future Plus
For Equity/Currency Futures
Equity Future and Future Plus Currency Futures
Total Eligible Turnover per month Brokerage (%) *Brokerage on Second leg of Intraday square off (per lot) *Brokerage on Second leg of Intraday square off (per lot)
Above Rs. 20 Crores 0.030 Rs.15/- Rs.10/-
Rs.10 Crores to Rs. 20 Crores 0.035 Rs.15/- Rs.10/-
Rs. 5 Crores to Rs. 10 Crores 0.040 Rs.15/- Rs.10/-
Less Than Rs. 5 Crores 0.050 Rs.15/- Rs.10/-
Service Tax (ST), Securities Transaction Tax (STT), SEBI turnover charges ,Transaction Charges (inclusive of Service tax) and Stamp duty will be charged in addition to brokerage as follows:
For Equity Futures:
Service Tax (ST) will be charges at 10.30% on total value of brokerage
Securities Transaction Tax (STT) at 0.017% on turnover (Sell trades only)
SEBI turnover charges at 0.0001% on turnover
Transaction Charges will be charged @ 0.00185%on turnover. Applicable Service Tax would be charged over & above Transaction charges
Applicable State wise Stamp Duty would be levied on turnover
For Currency Futures:
Service Tax (ST) will be charges at 10.30% on total value of brokerage
Securities Transaction Tax (STT) and Transaction charges are NIL
SEBI turnover charges at 0.0001% on Notional value for Exercise/Assignment
Applicable State wise Stamp Duty would be levied, Stamp Duty will be charged at the rate of Rs. 200 per crore or 0.002% (turnover including expiry)
0.05% Brokerage for contracts squared-off due to Expiry/Closed out in Currency Futures
* If you buy and sell the same contracts on the same trading day, the second leg brokerage will be charged on either buy side or sell side of the trading leg based on the aggregate value of the buy or sell transaction whichever is lower
Brokerage in Options
Total Eligible Premium Value per month Flat brokerage per contract lot (Rs.) Brokerage on Second leg of Intraday square off (per lot)
Above Rs. 20 lacs 65 Rs.15/-
Rs. 10 Lacs - Rs. 20 lacs 70 Rs.15/-
Rs. 5 lacs - Rs. 10 lacs 75 Rs.15/-
Rs. 2 lacs to Rs. 5 lacs 85 Rs.15/-
Less than Rs. 2 Lac 95 Rs.15/-
Service Tax (ST), Securities Transaction Tax (STT), SEBI turnover charges ,Transaction Charges (inclusive of Service tax) and Stamp duty will be charged in addition to brokerage as follows
Service Tax (ST)will be charges at 10.30% on total value of brokerage
Securities Transaction Tax (STT) at 0.017% on Option premium in case of Sell Trades and 0.125% on settlement value where Option contracts are exercised
SEBI turnover charges at 0.0001% on Premium and Notional value for Exercise/Assignment
Transaction Charges will be charged @ 0.05% on Premium. Applicable Service Tax would be charged over & above Transaction charges. Effective Transaction Charges would be 0.0551%.The transaction charge is calculated on per share basis and rounded off to four decimal
Applicable State wise Stamp Duty would be levied on Premium and Notional value for Exercise/Assignment