Share Khan Brokerage charges

bunny

Well-Known Member
#11
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
Dude, calsrefineries is a penny stock. If the price of the scrip is less than a particular amount, say Rs. 50 for instance, brokerage is charged at a higher rate. Call your RM or read the literature given at the time of opening the account.

This is a standard practice with majority of the brokers.
 
#12
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 [email protected] = 12000 is the total amount
2. the brokerage is 12000 * 0.50 /100 = 60rs + taxes.
3. and when you sell reliance @ 1500; [email protected]= 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.

I have an a/c with Indiabulls. They are charging me 0.10% in both leg for intraday.
For delivery its 0.50% for me.
Also it will be very helpful if u can show us how to calculate the STT.
Thanks.
 

lasty66

Active Member
#13
I have an a/c with Indiabulls. They are charging me 0.10% in both leg for intraday.
For delivery its 0.50% for me.
Also it will be very helpful if u can show us how to calculate the STT.
Thanks.
techani ji.... just add the following charges to ur brokerage
STT 0.025%
Stamp duty 0.002%
Turnover tax 0.0035%
Service tax 10.3% charged on brkg + turnover
 
#14
Sir,

Biggest cheaters ae India Infoline, not Sharekhan. You may cross check your case with Sharekhan. I hv been dealing with them for over 10 years and find that they are better than many and are most transperant. In case, they have excess charged you, please write to them and get it rectified. Ofcourse, their brokerage is higher but can not be Rs.700/- on your said t/o.
 
#15
Hey, how do you say India Infoline is cheat???
They are giving brokerage of .2 and 0.02... Whereas Sharekhan is giving Brekerage of 0.5 and 0.05 na....
 
#16
Hey, how do you say India Infoline is cheat???
They are giving brokerage of .2 and 0.02... Whereas Sharekhan is giving Brekerage of 0.5 and 0.05 na....
 

mastermind007

Well-Known Member
#19
Hey, how do you say India Infoline is cheat???
They are giving brokerage of .2 and 0.02... Whereas Sharekhan is giving Brekerage of 0.5 and 0.05 na....
sakthirmk

Definition of Cheat in this case would be : Quoting brokerage of 0.2 and charging 0.5; not quoting 0.5 and charging 0.5.

My experience with fraudulent companies is Ventura and CD Equisearch. Employees at both will fleece customers. SK does charge higher brokerage which is spelt out in black and white ... While I wish they'd reduce it, at least I like the fact that they did not mislead for getting a sale.
 
#20
You are right friend..there target is new people..by the time one get to know about the brokarage..they aleady take handfull of it....very shrud company...
Sharekhan or whatever just get to know about brokerage before you start...
 

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