General
What would be the brokerage charged if I buy and sell shares same day in Equity Delivery?
For stocks purchased under delivery and sold on the same day on the same exchange, where the net position(s) are zero for the same stock, the trade will be charged at the Intraday brokerage rate.
For transactions that are partially squared off where the net position at end of day is not zero, brokerage will be applicable as per the existing brokerage plan.
Let us understand brokerage charges applicable under various scenario under Prime Plans and iVALUE plan:
Scenario 1: Prime customers: Same day Square-Off (Full Quantity): Delivery
Mr. A buys 1000 shares of XYZ Ltd in delivery on NSE and sells all 1000 shares on the same day on NSE.
Brokerage: Intraday brokerage rates will be applicable.
Below is a comparative analysis of brokerage applicable currently and going forward:
A. Buy and Sell in same stock - same exchange
Current Brokerage*
0.07%
Revised Brokerage*
0.007%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
B. Buy and Sell in same stock - different exchange
Current Brokerage*
0.07%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 %)
Please note that, if you buy shares on NSE, you must also sell them on NSE. Similarly, if you buy on BSE, you must sell on BSE (resulting in zero net position) to avail the brokerage benefit.
Scenario 2 : Prime customers: Same-Day Square-Off (Full Quantity) in Multiple Orders
Current Brokerage*
0.07%
Revised Brokerage*
0.007%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
If shares are bought in a single order and sold through multiple sell orders, brokerage is applicable on each sell order placed.
Scenario 3: Prime customers: Same-Day Square-Off (Partial Quantity)
Mr. A buys 1000 shares in delivery of XYZ Ltd and sells 500 shares on the same day on the same exchange.
Brokerage: Delivery brokerage rate applicable on first leg as per existing process.
Current Brokerage*
0.07%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
As the net quantity at end of day is not zero for the traded underlying, brokerage is charged as per the existing framework.
Scenario 4: iVALUE customers: Same-Day Square-Off (Full Quantity): Delivery
Mr. A buys 1000 shares in delivery of XYZ Ltd and sells all 1000 shares on the same day on the same exchange and has subscribed to iVALUE plan.
Brokerage: Intraday brokerage rates apply on all legs.
A. Buy and Sell in same stock - same exchange
Current Brokerage*
0.07%
Revised Brokerage*
₹20 per order
*Brokerage considered as per Prime 9999 and iVALUE plan (Delivery @ 0.07 % and Intraday at ₹20/order)
B. Buy and Sell in same stock - different exchange
Current Brokerage*
0.07%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 %)
Please note that, if you buy shares on NSE, you must also sell them on NSE. Similarly, if you buy on BSE, you must sell on BSE (resulting in zero net position) to avail the brokerage benefit.
Scenario 5: iVALUE customers: Same-Day Square-Off (Full Quantity) in multiple orders
If share bought in a single order and sold through multiple sell orders on same day on the same exchange, brokerage is charged separately on each sell order
Current Brokerage*
0.07%
Revised Brokerage*
₹20 per order
*Brokerage considered as per Prime 9999 and iVALUE plan (Delivery @ 0.07 % and Intraday at ₹20/order)
Scenario 6: iVALUE customer: Same-Day Square-Off (Partial Quantity)
Mr. A buys 1000 shares in delivery of XYZ Ltd on NSE and sells 500 shares on the same day on NSE.
Brokerage: Delivery brokerage rate applicable on first leg as per existing process.
Current Brokerage*
0.07%
*Brokerage considered as per iVALUE enabled and Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
As the net quantity is not zero on the same day under the same underlying, brokerage is charged as per the existing framework.
If I sold shares in BTST segment and bought back entire quantity same day and on the same exchange, what would be Brokerage charges?
For transactions which are undertaken under BTST and squared off before end of the day resulting in zero net position, you will be charged brokerage as per Intraday rates instead of Delivery
For transactions that are partially squared off where the net position at end of day is not zero, brokerage will be applicable as per the existing brokerage plan.
Let us understand brokerage charges if you have subscribed to Prime Plan and iVALUE plan
Example: Full quantity squared-off on the same day
Prime customer: Same day Square-Off (Full Quantity) in Single order
Mr. A sells 1000 shares under BTST (bought on the previous day) and buys back all 1000 shares on the same day.
Brokerage: Intraday brokerage rates will apply, resulting in approximate 80% cost savings.
Trade
(BTST)
Current Brokerage*
0.07%
Revised Brokerage*
0.007%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
Prime customers: Same day Square-Off (Full Quantity) in multiple orders
If shares are sold under BTST in a single order and bought through multiple buy orders, brokerage is charged separately on each buy order.
Current Brokerage*
0.07%
Revised Brokerage*
0.007%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
Prime Customer: Same-Day Square-Off (partial Quantity) on Same Exchange
Mr. A sells 1000 shares under BTST on a trading day (bought on the previous day) and buy back partial quantity 500 shares on the same day.
Brokerage: Existing brokerage charges will apply.
Trade
(BTST)
Current Brokerage*
0.07%
*Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
As the net quantity is not zero for the traded underlying on the same day, brokerage is charged as per the current policy.
iVALUE customer: Same day Square-Off (Full Quantity) in Single order Quantity
Mr. A sells 1000 shares under BTST (for shares bought on previous day) and buys back all 1000 shares the same day and on same exchange.
Trade
(BTST)
Current Brokerage*
0.07%
iVALUE Brokerage*
₹20 per order
*Brokerage considered as per Prime 9999 plan + iVALUE (Delivery @ 0.07 % and Intraday @ Rs20/order)
iVALUE customers: Same day Square-Off (Full Quantity) in multiple orders on same exchange:
If shares are sold in a single order and bought through multiple buy orders, brokerage is charged separately on each buy order
Current Brokerage*
0.07%
iVALUE Brokerage*
₹20 per order
*Brokerage considered as per Prime 9999 plan + iVALUE (Delivery @ 0.07 % and Intraday @ Rs20/per order)
iVALUE customer: Same-Day Square-Off (partial Quantity)
Mr. A sells 1000 shares under BTST (bought on the previous day) and buys back partial quantity 500 shares on the same day and on same exchange.
Trade
(BTST)
Current Brokerage*
0.07%
*Brokerage considered as per Prime 9999 plan + iVALUE (Delivery @ 0.07 % and Intraday @ Rs20/per order)
As the net quantity is not zero for the traded underlying on the same day, brokerage is charged as per the current policy.