Your demat account brokerage charge consist of a number of different fees. These are:
It is important that you get an idea of the brokerage charges before starting to invest in stocks. The online calculators on different brokerage platforms make the calculations quite simple. An online brokerage calculator displays the brokerage fee as well as other charges levied on your transaction. Some of them are:
You could use different calculators depending on what you plan to invest in. For instance, there are separate brokerage calculators for commodities, currency futures, currency options, equity delivery, equity futures, intraday equity, and equity options.
To calculate your brokerage charges, you will have to provide some key information, such as:
Once you have inserted these details, hit on the ‘calculate’ button to view the brokerage charges.
Say, you are a stock trader living in West Bengal. You buy two shares worth Rs 20,000 and sell them off at Rs 30,000. You will get the following results:
Therefore, your total brokerage and tax dues amount to Rs.76.44. The transaction in this case leads to a total profit of Rs 19,923.57.
On some days, you might buy a set of shares and sell them off within a few hours that very day. This is known as intraday trading. To optimise your intraday trades, you may need to lower your overall costs. The Trade Free Plan facility by Kotak Securities can come in handy here. You can find out for yourself by opening a trading account with Kotak Securities. To subscribe for Trade Free Plan, simply pay a nominal amount of Rs 999 per year. This works out to less than Rs 4 per day.
Kotak Securities’ FIT option ensures a cost-effective trading experience. Take a closer look at what is on offer:
Or test out the Trade Smart Terminal for a similar trading experience.
Just keep in mind the terms and conditions:
Open a Trade Free Plan account here
A broker who provides the lowest brokerage charges brings multiple benefits to the table. Some prominent ones include:
As a trader, you can save on brokerage charges by opting for the services of such a broker. It allows you to trade more and augments your gains.
Mutual funds are highly liquid. You can redeem units anytime you need. The money is credited into your account within 2-3 business days.
Brokerage calculation gets simplified when you opt for a broker offering the lowest brokerage charges. You can calculate the brokerage by multiplying the number of trades with the fixed rate.
You can expect superior customer support from brokerage firms charging lowest rates as they can focus more on this essential aspect. Additionally, they provide excellent investment advice and have your back covered when needed.
Costs play a vital role in the world of intraday trading. Even small savings can make a difference in your overall turnover. That is why choosing the right brokerage platform is essential.
Broker fee differs across brokerage firms. Compare different offerings and choose a broker who charges the lowest rates. Generally, the brokerage fee of a discount broker is less than a full-service broker. Kotak Securities charges one of the lowest brokerage rates in India. Click here (URL) to know about our charges.
Yes. Generally, you need to pay brokerage on both buy and sell. However, there can be some exceptions.
Kotak Securities is one of the cheapest brokerages in India. All our brokerage plans are competitively priced.
The charges differ across brokers. We, at Kotak Securities, charge Rs. XXXX to sell shares .
No, you cannot do so. You need the services of a registered broker to sell shares.
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