Comments on: Calculating Brokerage on the Fly

By: Shabbir Bhimani

Shabbir Bhimani — Fri, 28 Oct 2011 05:35:53 +0000

Can you ask what is your brokerage rate. Is it 50 paise.

By: Sayeeda

Sayeeda — Thu, 27 Oct 2011 15:10:45 +0000

Dear sir,

Intraday, if applicable brokerage is 0.50%.ie say we buy 1000 shares at the rate of Rs 70/ he says formula is applicable brokerage*market rate ie 70*0.50% ie 0.35 and minimum is 0.05 ps per share. later he says whichever is more so to say for 1000 shares is quantity*brokerage per share ie 1000*0.35 Hence brokerage will be Rs 350. This is my doubt please clarify. I am actually calculating according to what you have said but incurring heavy loss.

By: Shabbir Bhimani

Shabbir Bhimani — Thu, 27 Oct 2011 14:48:20 +0000

Sayeeda, Yes ideally the price of each share would be 70.05. That is how normally it is calculated.

By: Sayeeda

Sayeeda — Thu, 27 Oct 2011 13:48:48 +0000

Dear sir,
Please let me know the calculation of brokerage for 1000 shares at Rs 70/. As per my agent it is rate*applicable brokerage ie 70*.05 is 0.35.Later he says quantity*brokerage ie he says 1000*0.35 I am unable to understand please help me and also tell me there are any slabs

It will be a great help for me

Thanks

By: Miya Bhai

Miya Bhai — Sat, 22 Oct 2011 22:08:15 +0000

Assalamulaykum..

I calculate it roughly….

For example I buy 1000 shares worth 100 each, its 1000X Rs100 = 1,00,000

1ps brockerage => Rs 1,00,000 / 10,000 = 10Rs + Extra

For example, the share touches 103,

1ps Brockerage => Rs103 X 1000 = 103000 / 10,000 = 10.3Rs

this above example is for intraday @ 0.01%.

The figure looks 20.3, but may go to 30-40 because of service taxes and STT.

By: Shabbir Bhimani

Shabbir Bhimani — Fri, 19 Aug 2011 08:14:25 +0000

Call them and ask

By: prakash

prakash — Fri, 19 Aug 2011 07:23:47 +0000

intraday brockrage they said @0.005% but after my calculation it is near about o.oo9%what to do?

By: Shabbir Bhimani

Shabbir Bhimani — Wed, 13 Jul 2011 02:43:16 +0000

Soumya, yes you can use the same demat account but the problem would be the sales person who will visit your place will not allow you to do so because normally trading account is free and demat account is charges few hundreds annually.

By: Soumya

Soumya — Tue, 12 Jul 2011 20:34:17 +0000

Thanks Shabbir.
I had opened a demat account and trading account with my bank which was RBS, in 2008. There are a few shares in there and the account has been mostly unused after the market crash. Can I use the same demat account with another online broker.Or will I have to check if that demat account is still valid or not. How do I check.What if I abandon that demat account and try to open a new one.

By: Shabbir Bhimani

Shabbir Bhimani — Tue, 12 Jul 2011 01:03:46 +0000

Soumya, Trading and demat account are different. Trading account as the name suggest is where you trade your shares and demat account is where the repository of shares in digital format. You can have multiple trading account with multiple brokers but use the single demat account.

Yes shorting of shares is possible but in Indian markets you cannot short shares which are not in Nifty for an overnight position.

By: Soumya

Soumya — Mon, 11 Jul 2011 19:27:29 +0000

Hello,
I have seen online brokers providing a trading account as well as a demat account. Aren’t these two accounts the same. If not what is the difference between trading acc and demat acc.

One more question for you Shabbir. I am new to online trading. Is it possible to sell off shares before even they are deposited in our demat account.Like you mentioned as squaring off.

By: Shabbir Bhimani

Shabbir Bhimani — Fri, 17 Jun 2011 01:19:21 +0000

Amit, many brokerage house has brokerage which is negotiable.

By: Amit

Amit — Thu, 16 Jun 2011 19:33:18 +0000

Can you please tell me the details of all brokrages by different trading/brokrage companies ?

By: Shabbir Bhimani

Shabbir Bhimani — Thu, 16 Jun 2011 09:23:41 +0000

Probably you need to be using calculator then because this is not any exam where you cannot use a calculator.

By: Deb

Deb — Thu, 16 Jun 2011 08:52:05 +0000

I am week in math so tell me the faster way to calculate brokarage with an example.