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  #1  
Old 8th February 2017, 10:39 AM
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Default RKSV - Upstock Brokerage Calculations



I started trading with Upstox (RKSV) yesterday.

I have created an MS excel file for easy brokerage calculations.

List of basic charges:

Buy side:

Brokerage: 0.01% (Max 20)
Brokerage + Service Tax: (0.0115%) (Max Rs 23)

STT: 0
Transaction charges: 0.00325%
SEBI charges: 0.0002%
Stamp Duty: 0.002% (Maharashtra; may vary for other states).


Sell side:

Brokerage: 0.01% (Max 20)
Brokerage + Service Tax: (0.0115%) (Max Rs 23)

STT: 0.025%
Transaction charges: 0.00325%
SEBI charges: 0.0002%
Stamp Duty: 0.002% (Maharashtra; may vary for other states).

---------------------------------------------------

If TB is the buy side turnover, total charges will be:

Min (23, 0.0115% of TB) + (0.00545% of TB)

If TS is the sell side turnover, total charges will be:

Min (23, 0.0115% of TB) + (0.03045% of TB)

---------------------------------------------------

One can use the following formula in MS Excel for the calculations:

Sell side expenses (SSE)

=0.03045%*A1+MIN(23,0.0115%*A1)

Buy side expenses (BSE)

=0.00545%*A2+MIN(23,0.0115%*A2)

A1 is the selling turnover cell.
A2 is the buying turnover cell.

Final profit figure = A1-A2-SSE-BSE

The broker's final figures will be slightly different as brokers round off charges.
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  #2  
Old 8th February 2017, 04:31 PM
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sachinjee have you stopped using Zerodha?
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  #3  
Old 8th February 2017, 07:32 PM
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Quote:
Originally Posted by ramkasi View Post
sachinjee have you stopped using Zerodha?
Yes, I have stopped using Zerodha.

I am not comfortable using a broker who is also an active trader.
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  #4  
Old 10th February 2017, 02:47 PM
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Quote:
Originally Posted by Alchemist View Post
Yes, I have stopped using Zerodha.

I am not comfortable using a broker who is also an active trader.
If there is a referral benefit, share your referral id.
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  #5  
Old 11th February 2017, 12:06 AM
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Default

I think these charges are for intraday. For Delivery the brokerage is 0.1% or Rs 20 whichever is less. Other charges are same. I think sell side some demat charges are applicable, but dont know exact charges. For me first five trades in the month are free. I have an option to switch to unlimited delivery free but I have not opted so far as I am not using this account. I did only 3 trades so far in RKSV(1 delivery, and a Intraday(counted as 2 trades, 1 for buy and 1 for sell)
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  #6  
Old 22nd February 2017, 10:32 AM
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Quote:
Originally Posted by Atiker View Post
If there is a referral benefit, share your referral id.
I am not sure, but I think the customer ID is the referral ID too.

Mine is 286941

Quote:
Originally Posted by rajivka View Post
I think these charges are for intraday. For Delivery the brokerage is 0.1% or Rs 20 whichever is less. Other charges are same. I think sell side some demat charges are applicable, but don't know exact charges. For me first five trades in the month are free. I have an option to switch to unlimited delivery free but I have not opted so far as I am not using this account. I did only 3 trades so far in RKSV (1 delivery, and a Intraday (counted as 2 trades, 1 for buy and 1 for sell)
Aren't all delivery trades free at RKSV?

The advertise "Free stock trading for life. Stop paying for your trades".
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  #7  
Old 22nd February 2017, 11:38 PM
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Default

Quote:
Originally Posted by Alchemist View Post
Aren't all delivery trades free at RKSV?

The advertise "Free stock trading for life. Stop paying for your trades".
Yes it is unlimited free delivery trades now. But earlier it was first 5 trade free. I can anyway switch to unlimited free delivery trades, but as my trades are less than 5 per month, my existing option is more beneficial as intraday is also free.
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