Actual Brokerage

I keep seeing Ads for Rs 20 brokerage for 1 lot of F &O
But in practice is seems to be much more
Even when I calculate in Zerodha Brokerage it seems much higher

I tried to replicate 1 lot of F & O and an equivalent 250 shares in cash market
I considered selling and buying at the same cost - Say Reliance at Rs 2500.
So I bought and sold at Rs 2500 producing no Profit or Loss. The only cost is the brokerage
This is my finding about total brokerage (including taxes, etc) :

RELIANCE (Buying and selling 250 shares in cash market - INTRADAY) - Rs 274.09

RELIANCE (Buying and selling 250 shares in cash market - DELIVERY) - Rs 1395.89

RELIANCE (Buying and selling 1 lot of Futures - Rs 154.45

RELIANCE (Buying and selling 1 lot of Option - Buying & Selling at Rs 60) - Rs 74.44

RELIANCE (Buying and selling 1 lot of Option - Buying & Selling at Rs 2500) - Rs 1161.95

(IMAGES BELOW)

All are much above Rs 20 (brokerage per lot) as advertised by Zerodha and every other company ?
So can anyone tell me what TOTAL brokerage (Inclusive of taxes, Stamp duty and all other charges I have to pay in the following conditions

NORMAL ORDERS

  1. Buying and selling one lot of Futures

  2. Buying and selling 5 lots of Futures in one single order

  3. Selling (shorting) and Buying back of 1 lot of Option

  4. Selling (shorting) 1 lot of Option and letting it expire worthless

  5. Selling (shorting) and Buying back 5 lots of Option (in 1 order)

  6. Selling (shorting) 5 lots of Option (in 1 order) and letting them expire worthless

  7. Buying (going long) 1 lot of Option and selling it later

  8. Buying (going long) 1 lot of Option and it expires worthless

  9. Buying (going long) 5 lots of Option (in one order) and selling it later (in 1 order)

  10. Buying (going long) 5 lot of Option (in 1 order) and they expires worthless

INTRADAY (MIS) ORDERS & ORDERS ON EXPIRY DAYS

  1. Buying and selling one lot of Futures

  2. Buying and selling 5 lots of Futures in one single order

  3. Selling (shorting) and Buying back of 1 lot of Option

  4. Selling (shorting) 1 lot of Option and letting it expire worthless

  5. Selling (shorting) and Buying back 5 lots of Option (in 1 order)

  6. Selling (shorting) 5 lots of Option (in 1 order) and letting them expire worthless

  7. Buying (going long) 1 lot of Option and selling it later

  8. Buying (going long) 1 lot of Option and it expires worthless

  9. Buying (going long) 5 lots of Option (in one order) and selling it later (in 1 order)

  10. Buying (going long) 5 lot of Option (in 1 order) and they expires worthless


Brokerage is charged by broker and there are other govt tax/charge.
And also 20rs is per executed order only. (Seperate for buy and sell).

so whats the total including taxes /charges ?
The Rs 20 part is known

Is Rs 20 is per lot or per order ?

And if it expires worthless, then it is just a Rs 20 brokerage → Rs 20 + Rs 0 ?
And if we square it off , is it Rs 20 + Rs 20 = Rs 40 ?

The 20rs brokerage is per order regardless of lots.

Then what are the charges in Zerodha Borkerage
have attached screenshots above ?

For buying and selling of 1 lot of future is Rs 20 + Rs 20 = Rs 40
But in the brokerage calculator it shows as Rs 153 - Its Rs 113 more
Rs 113 of taxes and other charges ?

And in the calculator is shows that if you increase the lots bought and sold , the brokerage increases.
it doesnt talk about that if it is 1 lot or 100 lots, if its 1 order, then the charge will be Rs 20

There are lot of other charges which zerodha cannot control/decide.
In that brokerage calculator they have clearly mentioned about other charges. (In the table form like STT, stamp duty etc)

so for the customer the total matters.
And the actual total comes to not just a lit bit more than the brokerage but 3X !
Rs 40 becomes Rs 153 !!
This the customer has to know otherwise he or she will have a misconception

(1)I just want to be clear that the cost of selling & buying 1 lot Futures is Rs 153 not Rs 40.
Am I right with my understanding ?

(2) And the cost of selling & buying 1 lot Options is Rs 75 not Rs 40.
Am I right with my understanding ?

(3) And the brokerage for Options expiring worthless is just Rs 20 (the first leg) . There is no brokerage in the 2nd leg

The actual brokerage is Rs. 20 per order. As buy and sell are two different orders, it will be Rs. 40. Apart from this there are statutory charges, levied as per Govt. rules. You can check out more information on this here:

In fact, this value will change, it’s not a fixed charge. It depends on the price (buy/sell) which is in percentage. Read through the list of charges section to know more.

For me (and maybe for most traders, the break up of the total charges to be paid doesnt matter - whether its brokerage to Zerodha or tax to govt, or stamp duty etc.

I know it Rs 20 for Futures and Options - but if we buy and sell (we cant do only one) , then the actual brokerage by Zerodha is Rs 40. Rs 20 isnt accurate , it should be advertised as Rs 40 brokerage per lot.

And then the total cost incurred is not Rs 20 X2 … the total cost comes to Rs 153 for Futures.
Its like advertising saying the flight ticket is just Rs 1000 , but taxes is Rs 100000 - so the total ticket cost becomes Rs 11,0000. For passenger the total cost matter, not the break up.

So can anyone tell me accurately how much is the TOTAL cost (brokerage + taxes and other charges) for the following

  1. buying and selling 1 Lot of Futures
  2. buying and selling 5 Lot of Futures (but in 1 order)
  3. buying and selling 1 Lot of Options
  4. Selling 1 lot of Options and letting it expire worthless

None of the above being Intraday. i.e. they are not MIS orders.
Atleast let me know approximately, if not exactly

Thank you

Request, just please do not say the brokerage is Rs 20. That is known

For me (and maybe for most traders), the break up of the total charges to be paid doesnt matter - whether its brokerage to Zerodha or tax to govt, or stamp duty etc.

So can anyone tell me accurately how much is the TOTAL cost (brokerage + taxes and other charges) for the following

  1. buying and selling 1 Lot of Futures
  2. buying and selling 5 Lot of Futures (but in 1 order)
  3. buying and selling 1 Lot of Options
  4. Selling 1 lot of Options and letting it expire worthless

None of the above being Intraday. i.e. they are not MIS orders.
Atleast let me know approximately, if not exactly

Request, just please do not say the brokerage is Rs 20. That is known

And please do not refer me to a page in Zerodha
I calculated all that - I just want a confirmation
And just want to get one single number
If not known , then let it be.
Thank you for your help

Unfortunately, No brokers can control the taxes so they don’t advertise it. As there can be nothing new/special done. What they can change is only brokerage which is 20rs per order.

Does anyone know what is the APPROXIMATE TOTAL COST (Brokerage + taxes + other charges) for Buying and Selling 1 lot of Future

And for Buying and Selling 1 lot of Option

And for just Selling 1 lot of Option and letting the other side expire worthless

You can easily calculate all the charges using brokerage calculator.

Brokerage and charges will be applicable when you sell the option. On the second leg there will be no brokerage and other charges as Option will expire worthless. On brokerage calculator, you can keep the buy side column blank to get the estimate.