Kotak Securities has recently come up with the Trade Free Brokerage plan, but how to calculate brokerage in Kotak Securities?
Are you looking for a quick and easy way to evaluate the total charges charged by the broker for different segments?
Before that let’s have a look at the brokerage charges in Kotak Securities.
KOTAK SECURITIES BROKERAGE
Just like there are various segments in which an individual can trade, the broker also levies different charges on different segments. Kotak Securities lets a trader trade in various segments and the brokerage charges for the same are given in the table below.
Now that you have had a look at the brokerage charges of Kotak Securities, let us see how to calculate the brokerage charges.
HOW TO CALCULATE KOTAK SECURITIES BROKERAGE
Thinking about how brokerage is calculated?
Earlier, calculating the brokerage fees for their trades was complex. Let’s have a look at formula-based calculation;
Brokerage Fees = Number of shares Purchased/Sold * Executed Price * Brokerage percentage.
Let’s understand this brokerage calculation with the help of an example.
Suppose Mohan purchased 100 shares for Rs 10 each. At the end of the market day, he sold out all 100 shares at Rs 15. Now he wanted to keep it for the long term therefore, he selected the equity delivery segment. Since the charges for delivery trading is 0.25% of the turnover, the brokerage will be
Brokerage fees= (100*10+100*15) * 0.25%
= ₹ 6.25
But what if Mohan chose the intraday segment? Herewith the Kotak Trade Free Plan, there are no charges on intraday trades, thus no brokerage charges are imposed.
But apart from the brokerage charges, stockbrokers also debit taxes charges such as GST, STT, and Stamp duty charges.
So, investors have to pay total brokerage charges with tax applicable on that particular transaction. Calculating everything manually can be a little complicated. So, a brokerage calculator was introduced to ease this process.
Let us understand the Kotak Securities Brokerage Calculator.
Kotak Securities Brokerage Calculator
A brokerage calculator is a software tool that enables investors to calculate the brokerage charges easily before they place a trade. This gives them a better idea of the money that they have to spend and also easier to understand their ledger reports.
Moreover, this brokerage calculator is not limited to only calculating the brokerage charges. It also helps in delivering the information related to other charges levied by the stockbroker.
- Securities Transaction charges.
- Stamp duty charges.
- SEBI turnover fee.
- GST, and Securities Transaction Tax.
Now, you have understood what a brokerage calculator is. So let us move ahead to know how to use the Kotak securities brokerage calculator.
To use an online brokerage calculator, you just need to input a few details.
- Sell price.
- Buy price.
- Quantity of Shares.
- Order type – Intraday or Delivery.
- Trading segment
Once you have filled in all the details, the Kotak securities brokerage calculator will begin calculating brokerage fees and other charges for your trade investment.
To conclude, the Kotak securities brokerage calculator makes it easier for traders to buy and sell financial securities by giving accurate cost information as per their stockbroker preferences.
As stated above, Kotak securities offer free brokerage services for Intraday investors. And for other trading segments, they imposed nominal brokerage fees only.
So, we hope you won’t miss out on any profitable option at Kotak securities now!
But still, if you have doubts regarding Kotak securities brokerage charges, contact us!