Saturday, February 6, 2010
Brokerage charges, STT, stamp duty, etc
For a BUY trade, I will be deducting 1 point for 1 lot (of 50 nifty shares) towards brokerage and other charges like stamp duty, etc.
Actually, for a BUY trade I pay around Rs 35 for brokerage (using my Reliance Money account). Even with other miscellaneous charges it should still be only less than Rs 50 - hence the 1 point deduction for BUY trades.
For a SELL trade, I will be deducting 2 point for 1 lot (of 50 nifty shares) towards brokerage, STT and other charges like stamp duty, etc.
Actually, for a SELL trade I pay around Rs 35 for brokerage (using my Reliance Money account). In addition, STT should work out to be around Rs 45. So even with other miscellaneous charges it should still be only less than Rs 100 - hence the 2 point deduction for SELL trades.
Actually, for a BUY trade I pay around Rs 35 for brokerage (using my Reliance Money account). Even with other miscellaneous charges it should still be only less than Rs 50 - hence the 1 point deduction for BUY trades.
For a SELL trade, I will be deducting 2 point for 1 lot (of 50 nifty shares) towards brokerage, STT and other charges like stamp duty, etc.
Actually, for a SELL trade I pay around Rs 35 for brokerage (using my Reliance Money account). In addition, STT should work out to be around Rs 45. So even with other miscellaneous charges it should still be only less than Rs 100 - hence the 2 point deduction for SELL trades.
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