how is intraday brokerage calculated ???

hi ... i m a newbie ... can some1 plz help me out ...
i am not able to figure out how the broker is calculating intraday brokerage...

i m posting an example plz answer by solving this example ....

the intraday brokerage rates are:

INTRA-DAY
Monthly Turnover Brokerage Rate
Upto Rs. 25 lacs 0.15% (Both leg) + Statutory levies
More than Rs. 25lacs and upto Rs. 50 lacs 0.12% (Both leg) + Statutory levies
More than Rs. 50 lacs and upto Rs. 1.5 crore 0.10% (Both leg) + Statutory levies
More than Rs. 1.5 crs and upto Rs. 3 crs 0.08% (Both leg) + Statutory levies
More than Rs. 3 crs and upto Rs. 6 crs 0.07% (Both leg) + Statutory levies
More than Rs. 6 crs and upto Rs. 10 crs 0.06% (Both leg) + Statutory levies
Above 10 crores 0.05% (Both leg) + Statutory levies
Minimum Brokerage .10 paisa (Both leg) + Statutory levies


SUPPOSE I BUY 1 SHARE FOR RS. 100 AND SELL IT FOR RS. 110 IN INTRADAY .... PLEASE TELL ME THE EXACT BROKERAGE THAT I WILL HAVE TO PAY.. AS PER THE RATES MENTIONED ABOVE....

thnx in advance ....

and one more thing .. wat does both leg mean ?

^ First whoever the broker, this brokerage structure is high. Even for newbie like you.

Turnover means Total buy value plus Total sell value.
Both leg means both sides i.e. they will charge you both buy side and sell side.
(It should be like this, but you brokerage seems too much, may be its one leg, i.e., you will be charged only on sell side. Some of our TJ will help you with this term "BOTH LEG")
Statutory levies includes STT, Stamp duty and regulatory charges. This will be Rs. 1860/- per 1 crore turnover. (Intra-day, CASH)

Assume your turnover is 25L, your brokerage will be Rs.3750/-(2500000*.15%)+service tax on brokerage i.e. 10.3% of your brokerage. i.e, Rs.386.25/-(3750*10.3%)+statutory levies Rs.465/-. Total Rs.4061.25/-

You can do your math for the rest.

Note: They have mentioned minimum brokerage is 10 paise. That means brokerage will be charged minimum of 10 paisa per share even if you fall above 10 crore turnover slab.

And again I am saying, whatever the case. Whether its both leg or one leg, brokerage is too much. Better negotiate and bring down the brokerage or look for some other broker. (if you haven't opened account with this broker well and good)

Security Quantity Bought for you Quantity Sold for you Gross Rate per Security (Rs) Total (Rs) Brokerage Amount (Rs) Net Rate Per Security (Rs) Service Tax Amount (Rs) STT Amount (Rs) Amount (Rs.)

RANBAXY LABORAT 3 472.0000 1416.00 1.05 472.3500 0.11 0.00 1417.05
RANBAXY LABORAT 3 474.2500 1422.75 1.08 473.8900 0.11 0.00 1421.67

---------------------------------------------------------

Here is an example of an intraday trade i did ... and unfortunately i have opened the account.... and i think he is charging .075% for every trade (buy and sell) .. but the thing is that he isn't charging exact .075% ... sometimes it is .074 and sometimes it is .076 or .077 ... i am not able to figure out wtf he is doing .... delivery trades have been ok ... uptill now ... (.5% for del-buy and sell)

^ So, Its one leg. I guess you are with ICICI Direct. I don't think its good for day trader having account with ICICI and getting charged heavily for his trading.

oh .. i forgot 2 mention .. my acc is at sbicapsec
btw which broker is cheapest .. for both intraday & del .. plz recommend a gud one ... that entertains even the small customers ...bcoz i hv heard that some of them only entertain HNI's ....

^ Don't just look at the brokerage but service, reliability as well.

Up to my knowledge RKG and Bajaj offers cheaper brokerage than any other brokers in India. But I have heard much of bad comments about them.

I can say this, other than customer service India infoline and Religare are good. I have never faced anything bad in trading with them. Just the customer service, its so pathetic.

Hi man,

have u ever haerd of ventura it is the cheapest of all the brokers .

It is giving less brokerage charges like 0.01 and 0.02% on eqities and 35 rupees per lot on options.

Rite now iam using this and i feel it is the besst for day trading

I got this from internet and the executive number is : 09160110143
Hyderabad branch