Tuesday, October 15, 2013

Brokerage on Zerodha

Yesterday Oct 15, I traded on Zerodha for the first time. My first impression was of a total surprise. I was overwhelmed by the speed of execution of order and the ease of execution. I got carried away and ended up putting on 20 trades. most of them profitable but not worth the effort. All these trades were done in 36 minutes. One thing that I did learn was what the brokerage is charged on Zerodha.

The brokerage is split into 6 parts

  • Turnover charges
  • Stamp charges
  • Service tax
  • STT
  • Sebi charges
  • Total brokerage
To to give numbers to the variables as per yesterdays trades
  • Number of trades - 20
  • Quantity bought - 800
  • Quantity sold - 800
  • Gross total - 189317.5
  • Turnover charges - 149.56
  • Stamp charges - 11.36
  • Service tax - 67.93
  • STT - 16
  • Sebi charges - 0.19
  • Total brokerage - 400
The total brokerage is simple Number of trades multiplied by 20.

The rest seem to be function of Gross total. The sum of rest of the charges as a percentage of gross total is 0.129%

Hope these numbers are useful for estimating the profitability. Any comment on how to exactly get the values are welcome.

No comments:

Post a Comment