Brokerage on Intraday Trading

Trading
1

Hey there, I’m new in stock market, just want to gather some information before moving forward for trading.

Question: (Intraday related)

Suppose any broker is taking brokerage rs. 20 per order (I know it’s not relevant but please assume it for convenience), and

SUPPOSE I brought the shares of ABC Ltd. 2 shares of Rs.1000 each with limit order and order is executed.

On the same day
Case 1:
I thought of buying more shares of company ABC Ltd. And I brought 4 more shares with Limit order Rs. 1000 and order is successfully executed.

Case 2:
I thought of buying same company shares ABC Ltd. And I bought 4 shares at Rs. 1010 (Share value increased by Rs. 10 here) and my order is successfully executed.

At end of the day What brokerage will be taken from me in both the cases. Rs. 40 or Rs. 20.

I regret for long question!

Any help will be appreciated! Thank you!:grinning:

1 Like
2

You haven’t sold your shares so this won’t be considered as Intraday trade it’ll be considered as Delivery trade and at Zerodha there is no brokerage on delivery trades, however other charges apply. You can use Brokerage Calculator to know more.

3

@ShubhS9 thanks for responding!

Let’s assume that I sold the shares on same day.

4

Zerodha’s brokerage charges are 0.03% or Rs. 20 per order whichever is lower.

For your given example:

Case 1: You bought 4 shares at 1000 your turnover on Buy side is 4000 (Brokerage at 0.03% will be 1.2) you sold this 4 1020, turnover 4080 (Brokerage at 0.03% 1.2).

Case 2: You bought 4 at 1010, turnover 4040 (Brokerage at 0.03% 1.2) You sold at 1050, turnover 4200 (Brokerage at 0.03% 1.25).

So total Intraday brokerage will be 4.85 plus other charges like STT, GST, Stamp Duty and Exchange transaction charges.

1 Like
5

@ShubhS9 thank you so much for responding.

I think you haven’t got what I mean to say.

For your convenience I will elaborate it so you can compare with standard zerodha brokerage charges also:

Let’s suppose Market value of ABC LTD is at 67 rs.

I bought 1000 stocks first. Order executed

Then I thought of buying more 1000 stocks of SAME COMPANY NOT ANY OTHER. (ABC LTD) and order executed
And sold them

Now if I bought 2000 shares at once the brokerage would be 40 rs. (At the end of the day)

But in this case the total brokerage would be rs. 60 or 40?

I appreciate you for taking time and responding! Thanks a lot!:grinning:

6

3 Orders, 2 on Buy side and 1 on Sell side so brokerage will be 60.

2 Likes
7

@ShubhS9 yeah that’s exactly I wanted to know you mean the order will be counted irrespective of which company share I buy (same or different). So it will be worth for me to buy 2000 shares at once not separately.

I appreciate you for answering to my query!
Thank you so much.:grinning:

1 Like
9

I would like @Inventions_Creations himself to clear. When you sold, did you sell 2000 quantities or just 1000 quantities?

10

Sorry to say @Gautam and @ShubhS9 I was posted here to solve my this complicated doubt not to add more complication to it. :unamused:
Because I got 2 different answers here.

I’m recapping in short:
ABC LTD. MKT PRICE: 67 RS.

1st order 1000 shares order executed,
Then again
1 order of 1000 shares of same company, order executed.
Note: Here 2 orders executed at different time not same (as I’ve systematically wrote in question)

At time of selling I sold 2000 shares at once, because it was of Same company.

Now at time of buying as I’ve ordered with bunches not whole order at once.

Will it be counted as 2 buy + 1 sell I.e. 60 Rs. Total brokerage
OR
1 buy (because I ordered from same company) + 1 sell order I.e. brokerage charges will be 40 RS.

I tried my best to explain this complicated question.

PS: As I said in question "just want to gather some information before moving forward for trading."
I haven’t traded yet in intraday. So that’s why I’m gathering all information before trading in intraday.

THANK YOU!

11

Sorry for dragging it, just wanted to clear whether I misunderstood your query and gave wrong answer. Now it is clear.

It will be counted as 2 Buy and 1 Sell and brokerage will be 60 as I mentioned earlier.

12

Might be I can add one related question:

If I sold my holdings but buy back on same day then whether intraday brokerages applied or delivery based brokerage applied? Also, whether in this case, CDSL charges will be applicable or not?

13

This will be counted as Intraday trade, hence Intraday brokerage will be applied and there will be no CDSL charges.

14

How about the Security and other transaction taxes? Are they applicable from Intraday or from Delivery segment. In both type of trading, delivery based transactions have higher taxes?

15

As mentioned above, if you Sell stocks from your Holdings and Buy back later, it’ll be counted as Intraday trade and will be charged accordingly.

Zerodha doesn’t charge Brokerage for Delivery trades, STT is 0.1% on Buy and Sell side plus there are DP charges of Rs. 15. You can check list of charges here.