Question:
Can you tell me How Brokerage Is Calculated?
Answers:
Here I am providing you formulas for calculate Brokerage.
Total Buy Settlement (RM) = Value of Shares + Brokerage Fees + Clearing Fees + Stamp Duty
Total Sell Settlement (RM) = Value of Shares – Brokerage Fees – Clearing Fees – Stamp Duty
For example the brokerage of 0.10% on a Rs. 5000.00 strike price option of ACC would be:
Rs. 5000 * 600 (contract size) * 0.10% (brokerage) = Rs. 3000.00
This is just the basic brokerage. All other taxes will be extra.