Share Khan Brokerage charges

Discussion in 'General Trading & Investing Chat' started by alian1980, Nov 12, 2008.

  1. alian1980

    alian1980 New Member

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    Hi,

    I am a newbie, and have opened a demat account with sharekhan. please let me know how is the brokerage charge calculated?
     
  2. fast_rizwaan

    fast_rizwaan Active Member

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    i don't know the exact brokerage of sharekhan, but i assume it to be 0.50 for delivery based and 0.05 for intraday trading.

    delivery brokerage (which you buy and keep for a few days or years): 0.50%

    1. say you buy 10 shares of Reliance 10@1200 = 12000 is the total amount
    2. the brokerage is 12000 * 0.50 /100 = 60rs + taxes.
    3. and when you sell reliance @ 1500; 10@1500= 15000
    4. the brokerage is 15,000*0.50/100 = 75rs + ndsl/cdsl charges = 6to8rs + taxes = 85

    profit = 1500-1200 = 300*10 = 3000rs - 75+60 (brokerage) = 3000-81 = 2919 profit. in delivery based trade.

    intraday brokerage: 0.05%

    1. say we buy 10 shares @ 1200 = 12000
    2. and sell the same 10 @ 1250 = 12500 (in a few minutes or hour, before 3pm)

    brokerage is calculated on Sell side only for intraday:

    12500*0.05/100=6.25+stt say 7rs.

    Profit:we gain 12500-12000=500 - 7to10rs = profit 490rs intraday.
     
    Last edited: Nov 13, 2008
  3. saurabh159

    saurabh159 New Member

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    For Options : the amount of brokerage charged will not exceed 2.5% of the premium amount or Rs 100, whichever is higher.
     
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  4. columbus

    columbus Well-Known Member

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    There is a typo in your post at point no.3, please correct it.It should be 1500 instead of 2000.
     
  5. alian1980

    alian1980 New Member

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    Thanks Rizwaan for explaining it with example
     
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  6. Gor Kapil

    Gor Kapil New Member

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    Hi,
    I want to open a Demat account , I want to know apart from Annual charge and transaction charges, Are there any other type of charges (hidden) i need to pay?

    It would be great if someone give me the charges applicable for ICICI, HDFC and reliance Money.

    Thanks for your help.
     

  7. rameshinfra

    rameshinfra New Member

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    Thank you alian1980.........

    You have provided the information in a simpler way......3 cheers...:):):)
     
  8. Abhishek87

    Abhishek87 New Member

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    Hi all,

    Here are the brokerage details for various plans of Sharekhan :

    1. CLASSIC NORMAL:-

    A/C. OPENING CHARGE 750/- (TOTAL ADJ. IN BROK.WITHIN SIX MONTH)
    MIN. MARGIN REQ. 5000/- (TOTAL INVESTABLE, REFUNDABLE)
    BROK. (INTRADAY) 0.10% (BUY ONLY)
    BROK. (DELIVERY) 0.50% (BOTH SIDE)

    2. TRADE TIGER:-

    A/C. OPENING CHARGE 1000/- (TOTAL ADJ. IN BROK.WITHIN SIX MONTH)
    MIN. MARGIN REQ. 5000/- (TOTAL INVESTABLE, REFUNABLE)
    BROK. (INTRADAY) 0.09% (BUY ONLY)
    BROK. (DELIVERY) 0.45% (BOTH SIDE)

    3. PREPAID 2000/-

    A/C. OPENING CHARGE 0/-
    ADV. BROK. REQ. 2000/- (VALID 1 YEAR)
    BROK. (INTRADAY) 0.07% (BUY ONLY)
    BROK. (DELIVERY) 0.40% (BOTH SIDE)

    4. PREPAID 6000/-

    A/C. OPENING CHARGE 0/-
    ADV. BROK. REQ. 6000/- (VALID 1 YEAR)
    BROK. (INTRADAY) 0.05% (BUY ONLY)
    BROK. (DELIVERY) 0.25% (BOTH SIDE)

    COMODITIES A/C.

    A/C. OPENING CHARGE 200/-
    BROK. 0.10% INTRADAY BUY
    0.02% INTRADAY SELL
    0.10% DELIVERY

    NOTE:- AMC 300/- WOULD BE CHARGED PER ANNUM AFTER ONE YEAR
    GOVT. TAXES ARE APPLICABLE. CONDITIONS APLY.

    OFFLINE A/C:-
    A/C. OPENING CHARGE 180/-
    DEMATS CHARGE. 300/-
    BROK. (INTRADAY) 0.10% (BOTH SIDE)
    BROK. (DELIVERY) 0.50% (BOTH SIDE)

    REQUIRED DOCUMENTS:-

    1. ONE COPY OF PAN CARD

    2. ONE COPY OF ADD. PROOF (DL, PASSPORT, VOTER ID CARD, LANDLINE BILL LATEST, ELEC. BILL LATEST, BANK PASSBOOK, ORIGINAL QUATERLY BANK STATEMENT LATEST, RENT/LEASE AGREEMENT NOTERISED ETC.

    3. TWO PASSPORT SIZE PHOTOGRAPH

    4. ONE CANCELLED CHEQUE (SHOULD BE NAME PRINTED OR STATEMENT REQUIRED.)
     
  9. arnabmitra

    arnabmitra New Member

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    There are many types of a/c
    1.750/- where the amount is refundable(as per brokerage usage)vaid for 6 months.
    brokerage .05%(intraday)and.5%(delivary).
    At the time of selling from the DP no extra charges are taken but only 16/- taken inclusive of brokerage...
     
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  10. raju2009

    raju2009 New Member

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    Never trade with sharekhan.

    These people have charged 700rs brokerage fro 3000rs purchase!!!!!! Unbelievable. I had asked my friend to buy in my name. Share is calsrefienries. If you are trading more and do not check your account then you had it.


    Please please avoid sharekhan. Biggest cheators

    raj
     
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