Sunday , 25 June 2017

Brokerage Charges

Here you will find a table comparing intraday brokerage charges and delivery brokerage charges charged by different online brokers in India : Sharekhan, ICICIdirect, Motilal Oswal, Religare, SBICAP Securities, Angel Broking, 5paisa, Indiabulls, UTI Securities, HDFC Securities, Indiainfoline, Reliance Money

Online Broker

Brokerage for Delivery

Brokerage for Intraday trading

MMC*

SBICAP Securities
brokerage charges

0.50%

0.10%

NIL

Sharekhan
brokerage charges

0.03% – 0.50%

0.03% – 0.10%

NIL

Motilal Oswal
brokerage charges

0.30% – 0.50%

0.03% – 0.15%

5 paisa
brokerage charges

0.25% – 0.85%

0.07%

Angel Broking
brokerage charges

0.50%

0.02% – 0.03%

ICICI direct
brokerage charges

0.75%

0.15%

Indiabulls
brokerage charges

0.25% – 0.50%

0.05% – 0.10%

HDFC Securities
brokerage charges

0.50%

0.15%

UTI Securities
brokerage charges

0.80%

0.15%

Religare
brokerage charges

0.20% – 0.30%

0.02% – 0.03%

Reliance Money
brokerage charges

0.01%

0.01%

card system

Geogit
brokerage charges

0.30%

0.03%

Indiainfoline
brokerage charges

0.50%

0.10%

-

PPFAS
brokerage charges

0.25%

0.05%

MMC=Minimum monthly commitment.

  • Brokerage is usually negotiable: Several of you trying to choose an online broker and open an online trading account must have been frustrated trying to search for the exact brokerage charges charged by various online brokers. But the fact is the brokerage charged by the same broker varies and in several cases is negotiable. For example if you go and tell a brokerage house that you are going to deposit 2 lakh rupees and try to convince them you are going to trade heavily, they might consider reducing your brokerage. That is why in the above table you will find only a range for the brokerage charges in some cases. But that should be enough to get an idea.
  • Effective brokerage with taxes is more: In addition to the above brokerage charges you will have to pay STT (Securities Transaction Tax) at the rate or 0.02% of the total transaction amount. You will also be charged 12.5% Service Tax on the brokerage amount (and not on the transaction amount). For example, if your brokerage is 0.50% for delivery and you do a delivery transaction of Rs.100/- then the total brokerage you pay is0.50 (brokerage) + 0.02 (stt) + 0.063 (service tax) = 0.58 .

    Thus your effective brokerage (including all taxes) will be 0.58%. Similarly for brokerage on intraday transactions.

  • One may also like to compare brokerages charged by the online brokers mentioned above for trading in futures and options. For futures, some online brokers charge different brokerage for different legs of the trade, i.e. different for buy and sell trade.
  •  The information here is gathered from indirect sources. In case there are any inaccuracies please let me know by Contacting Us

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