Why charges in Upstox are higher compared to Zerodha

General
1

Hello everone,
Recently I noticed difference in charges by Zerodha and Upstox.
As you can see in two pics,
In Zerodha, for 17440 profit (for 3L trade), charges are only 318. Note that, in zerodha there is no Stamp duty charges and also little exchange transaction charges and very little turnover charges.

Zerodha trade
Zerodha trade1198×738 94.1 KB

In Upstox, for 14926 profit (for 2.5 L trade), charges are 448.23. In upstox, I also noticed that Stamp duty for 19 and Turnover charges are higher than zerodha,

Upstox 2.5 L trade
Upstox 2.5 L trade955×677 69.8 KB

May I know why so much discrepancies on government charges between two brokers.
Or , may be Upxtos taking more fee on the name of Government charges.

At least from charges prospective, it appears that Zerodha is better than Upstox!

Thank you

1 Like
2

you seem to be comparing apples to oranges.

You have to specify exactly both Buy and Sell side transaction and the instrument.

For Eg. STT in Derivates is only SELL side but in Equity Delivery it is not.
Stamp duty is only Buy side.

read here
What are the various statutory charges like stamp duty and taxes etc.? (zerodha.com)

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3

Looking at brokerage charges, looks like equity delivery to me.

4

maybe, but why the guessing game ?
OP has to be clear otherwise just beating around bush.

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5

In both case, it is Equity Delivery.

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6

ETFs has less Govt charges! Does it contains ETFS?

7

Kindly tell what instrument you bought and sold on Zerodha and Upstox. Then only we can go to the root of this.

2 Likes
8

Yes :man_facepalming:

If only all the details are given in 1 post.

1 Like
9

In both cases, VEDL stock was bought for delivery (approximately 20 to 30 days ago) and sold it on 28/11/2022.

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