TRYING For a New Strategy


#1

I am Trying a new Strategy for intra day and it works fine. Just for trial i bought some low qty ie 33 shares… Finally end of the trade ended with Gain Rs.44.24. But The contract is saying Just 9 rupees to the client.

NSE-EQ NSE-F&O NSE-CFX BSE-EQ BSE-F&O NET TOTAL
PAY IN/ PAY OUT OBLIGATION 44.25 44.25
Taxable value of Supply (Brokerage)3 (10.17) (10.17)
Exchange Transaction Charges (3.31) (3.31)
Clearing Charges
CGST (@9% of Brok, Trans & Clearing Charges)4 (0.00)
SGST (@9% of Brok, Trans & Clearing Charges)4 (0.00)
IGST (@18% of Brok, Trans & Clearing Charges)4 (2.43) (2.43)
UTT4
Securities Transaction Tax (13.00) (13.0)
SEBI Turnover Fees (0.10) (0.10)
Stamp Duty (6.10) (6.10)
Net amount receivable by Client / (payable by Client) 9.14 .

If i buy some huge qty and taking risk with this current market that time also the brokerage and taxes eats the whole profit and will pay me some penny…
Really its too bad…


#2

By the brokerage charge of 10.17 rupee it seems you bought stock worth 50 k . And while closing position it translated into transaction of around 100 k rupee. So plz don’t get carried away by the mere quantity of 33 shares it is irrelevant. You will be charged as per the transaction size you initiated. As far as stt stamp duty exchange charges etc are concerned.


#3

Oh i.c, Thanks Ji


#4

You can also use Brokerage Calculator on your Strategy, https://zerodha.com/brokerage-calculator


#5

Thanks For your Info sir.