Brokerage Calculator
Investments come with certain transaction costs, which go on to reduceyour overall returns significantly. Therefore, it is important to know theestimates of such costs to optimise your investment returns. Being awareof the charges involved in trading-related transactions is particularlyimportant. These include brokerage fees and other charges levied byparties like regulators. A brokerage calculator can help you estimate thecharges associated with your trades. Once you know how these costs impactyour returns, you can effectively manage them and maximise them.
What Is the Angel One Brokerage Calculator?
A brokerage calculator helps calculate the brokerage charges on tradesacross equity, futures and options, commodity, currency, intraday, andcarry forward transactions. You can use this calculator across differentstocks and exchanges.
The Angel One brokerage calculator is a comprehensive tool that not onlyconsiders the brokerage but also other important parameters like GST,transaction charges, state-wise stamp duty, Securities Transaction Tax(STT), Commodities Transaction Tax (CTT), SEBI turnover fees, and DP(Depository Participant) charges while calculating the net profit/loss.
How Does Angel One Online Brokerage Calculator Work?
The online brokerage calculator considers basic trade details, such as thebuy and sell prices, quantity and the exchange house. It uses a simplebrokerage formula and calculates the charges for equity delivery andintraday, futures and options (for stocks, indices, commodity, andcurrency).
What is the Brokerage Calculator Formula?
The formula to calculate brokerage charges is as follows:
Brokerage charges = Buy/Sell quantity X Price of one unit of stock XBrokerage percentage
How To Use the Angel One Brokerage Calculator?
Using the Angel One brokerage calculator is simple and straightforward.It reduces your efforts and avoids the errors of manual calculations,thus giving instant results. Here are the steps you need to take to usethe Angel One brokerage calculator online:
- Choose your investment option - Equity, F&O (Futures and Options),Commodity or Currency.
- Accordingly, select if it is 'Delivery' or 'Intraday' trading inEquity and 'Futures' and 'Options' in the case of Equity - FO or othertrades.
- Enter the buy price.
- Enter the sell price.
- Enter the buy/sell quantity.
- Select the exchange from the dropdown.
- Click on the 'Calculate Brokerage' button.
The online brokerage calculator calculates the applicable charges anddelivers the results instantly. The results include - Brokerage, OtherCharges, Breakeven and Net Profit/Loss amount on the transaction. Youwill also get a breakdown of other charges levied and how they impactyour profit or loss.
Here’s an example to better understand the usage and working of theonline brokerage calculator.
Suppose you want to buy 50 shares of a company in intraday trading. OnNSE, the buy price is Rs. 1,000 a piece, and the sell price is Rs. 2,000per share. When you enter these values in the online brokeragecalculator, the following items are displayed:
- Brokerage = Rs. 40
- Other Charges = Rs. 41.92
- Breakeven = Rs. 1.67
- Net P&L = Rs. 49,016.08
Along with this, you will also get a breakdown of the following:
- Brokerage: Rs. 40.00
- STT/CTT: Rs. 24.50
- Transaction Charges: Rs. 4.77
- DP Charges: Rs. 0
- State Stamp Duty: Rs. 4.41
- SEBI Turnover Fees: Rs. 0.15
- GST: Rs. 8.09
- Total Taxes and Charges: Rs. 81.92
- Net Buy Value: Rs. 48,902.00
- Net Sell Value: Rs. 98,000.00
- Points to Breakeven: Rs. 1.67
Angel One Brokerage Charges
At Angel One, there is Rs. 0 brokerage charge on equity delivery. Onother trades like intraday, futures, options, currency and commodity,the brokerage charge is Rs. 20 per executed order or 0.25% of thetransaction value, whichever is lower.
Other Charges on Trading
- Goods and Services Tax (GST): It is levied by theGovernment of India on the services rendered by brokers. The rate is18% on the brokerage incurred.
- Transaction Charges: These are charges imposed bythe stock exchanges and clearing corporations for executing trades.They are applicable on a per-trade basis and vary depending on thetype and value of the transaction.
- State-wise Stamp Duty: This is a tax levied by thegovernment on the transfer of securities and is calculated based onthe value of the transaction.
- Securities Transaction Tax (STT): This is payable onevery purchase and/or sale of listed securities depending on the tradesegment. STT is applicable to shares, derivatives and equity-orientedmutual funds but not to commodities and currency. The tax is also notapplicable to off-market transactions. The Central Governmentprescribes STT rates through its Budget.
- Commodity Transaction Tax (CTT): It is levied ontrades of commodity futures contracts in India and is applicable tobuyers and sellers and is calculated based on the transaction value.
- SEBI Turnover Fees: The Securities and ExchangeBoard of India levies this fee for regulating the market. The feesacross all segments are Rs. 10 per crore on buy and sell transactions.
- DP (Depository Participant) Charges: These arecharged by Depository Participants such as NSDL and CDSL to providedematerialisation and other related services for securities held inelectronic form. This fee is levied on the sale of securities. AngelOne charges a DP charge of Rs. 20 plus GST.
Factors Influencing Brokerage Charges
- Nature of the trade: There are two major types oftrades in the stock market - intraday and delivery trades. Generally,each type of trade attracts different brokerage charges.
- Trade segment:The market consists of differentsegments like the spot/cash and derivatives markets. The brokeragecharges also depend on the specific segment where you place an order.
- Asset price: Certain brokerage calculations are alsobased on a percentage of the total turnover of a trade. As such, theasset price is factored into the calculator to ascertain theapplicable brokerage charges.
- Quantity: The asset quantity in trade also influencesthe brokerage charges.
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Brokerage Calculator FAQs
What is a brokerage calculator?
The brokerage calculator is an online financial calculator thathelps calculate the brokerage fees and other charges associated withyour investments.
Is Angel One brokerage calculator free to use?
Yes. Angel One brokerage calculator is available free of cost and canbe used any number of times as per your convenience.
What are the other charges levied apart from the brokerage?
In addition to the brokerage, trading transactions attract other feeslike GST, transaction charges, state-wise stamp duty, SecuritiesTransaction Tax (STT), Commodities Transaction Tax (CTT), SEBIturnover fees, and DP (Depository Participant) charges.
How is breakeven calculated?
Breakeven is the value at which the investment is equal to the costinvolved, resulting in no net gain or loss. The breakeven iscalculated by considering the purchase and sell value, brokerage andother charges.
What are the factors that impact the brokerage?
The type of trade, buy value, sell value, and quantity of the asset tobe traded determines the brokerage.
What are Depository Participant (DP) charges on Angel One?
DP charges are fees the CDSL (depository) imposes when you sell a share from your Demat account. Angel One charges a DP charge of Rs. 20 plus GST.