I would like to know how Zerodha calculates brokerage for options. It says Rs 20/- or 0.03% whichever is lower, but which value they take for calculating brokerage? premium value or notional value? If anyone know how it is, please let me know.
Nifty call strike 10000 @ 100, 1 lot (75 units) short
Premium Value - 100 x 75 = 7500
Notional Value - (10000+100) x 75 = 757500
7500 x .03% = Rs. 2.25/- or Rs. 20/- whichever is lower - in this case it's 2.25/-
757500 x .03% = Rs. 227.25/- or Rs. 20/- whichever is lower in this case it's 20/-
Nifty call strike 10000 @ 100, 1 lot (75 units) short
Premium Value - 100 x 75 = 7500
Notional Value - (10000+100) x 75 = 757500
7500 x .03% = Rs. 2.25/- or Rs. 20/- whichever is lower - in this case it's 2.25/-
757500 x .03% = Rs. 227.25/- or Rs. 20/- whichever is lower in this case it's 20/-
bcos here on their official page https://zerodha.com/charges#tab-equities
it clearly says flat inr. 20 per order for EQ since you are using NIFTY Options eg.
The whichever is lower is only for Commodities and Currency as of today.