Before opening an account with any broker, it is a nice decision to see what brokers charge on making transactions in stock market. Delivery Charges could differ from broker to broker. Therefore, use this Brokerage Calculator that will help you to find what brokers charge you for Delivery Transaction.
Try with Different values (Buy, Sell, Quantity) to see difference in charges of Top brokers at different levels. It is likely to help you pick best broker for you.
Delivery Charge Calculator
How to Use Delivery Charge Calculator?
It is quite easy to use that. To find charge across Top brokers, you have to enter Quantity (that you will trade like 100 shares or 5000 shares), Buy Price (Your Buying Price for shares), Sell Price (Your selling Price of shares).
Thereafter, just hit Calculate Brokerage button and that’s it. You can see Delivery charges of Top Brokers.
In delivery trades, many investors may keep the shares for very long period of time. But to get an idea of overall money that brokers will charge you while buying some delivery shares and selling them after some point of time, sell price has also been added.
To use Calculator with different values again, you can click Reset button and calculator will turn into new one again.
What is TURNOVER?
Turnover is the total value of transaction you made in Delivery Transaction. It is the number based on which Delivery charge is calculated and imposed on us.
Suppose, you bought 10 shares of ABC company at ₹60 and sold the same quantity at ₹65 after some days. While you are buying, your Transaction value will be Rs 600 (10 shares × ₹60 share price). And when you are selling those shares on some day, your transaction value will be Rs 650 (10 shares × ₹65 share price).
To calculate Turnover, we will add Buy Transaction value and Sell Transaction value to get an one amount. In our case, it will be Rs 600 (Buy Value) + Rs 650 (Sell Value) = Rs 1,250.
So, if we Buy 10 shares at ₹60 and sell that shares at ₹65, our Turnover will be Rs 1,250.
Charges included in Delivery Charge Calculator
Displayed charge amount includes all fees and charges that will be imposed on you for Delivery based Transactions.
Beside of Brokerage (that is charged by broker like Zerodha, Upstox for their services), you are also charged for STT, Exchange Transaction charge, GST, SEBI Turnover charge, Stamp Duty, DP Charges. All these charges have been included in Calculator while calculating Delivery Transaction cost across Top Brokers.
You can refer this link Which Broker is Best for Stock Trading in India to know about the charges in detail.
How Reliable is Delivery Charge Calculator?
There could be slight differences between actual charges charged by Brokers and figures showed in the calculator. But, numbers will be almost same as compared Orginal fees of brokers.
How Delivery charges will be Paid?
Whether it is Intraday or Delivery charges, they will be automatically deducted from your Ledger/Fund balance visible in your Trading Account. You wouldn’t be required to pay them through any special type of payment.
Why is there Big difference in Delivery Charges in some brokers?
Brokers have different models of charging fees. Zerodha charges no brokerage on Delivery Transactions and DP charges are also low. Whereas, Upstox charges ₹20 or 2.5% (whichever is lower) brokerage on Delivery Transactions and DP charges are also high of them. This causes Big difference in Delivery fees of brokers if you do small amount of transaction. When you will do Big Amount Transactions, this difference will start declining. However, in case of ICICI, Delivery Charge will only go up as ICICI Direct charges brokerage only in percentage terms (like 0.27%) of Transactions value. Try with Calculator to see that.