Published On: 05th September, 2019 | By: Sachin G. Kamte
Don’t worry I will not be giving you some complicated way to save money. Read to know one simple way to save and make money in the Stock market.
Any investor in the stock market make money and lose money regularly. But there is one thing which you lose regularly, and you don’t even calculate this in your loss.
This has become your integral part of trading without you not showing any concern for it.
You want to know what it is? Its BROKERAGE!
Yes, you end up losing a lot of money under your nose and you don’t do anything about it.
Let me illustrate this to you using an example:
You have ₹3,00,000 and you invest in 6 stock worth ₹50,000 each. And trade for delivery for 3 days.
Brokerage given by you even if the brokerage is 0.1% is ₹130 for buy and sell with STT and Other SEBI Charges per stock. So, in a month, there are 20 -22 trading days and you will end up paying ₹5400+ just as brokerage. No matter whether you make a profit or loss, this amount will be debited from your account in a month.
If the delivery charges were to be removed, then you would not lose so much but somewhere around ₹1,000 - ₹1,500 as STT charges.
So how to save this?
The answer is a simple one. Opening De-mat account which offers the least brokerage with the best service possible.
And as per many in India its none other than ZERODHA.
The delivery charges are zero. Yes really, its ₹0 for stocks which you buy for delivery.
Intraday charges are 0.01% or ₹20 per transaction. This means no matter the total amount of transaction the brokerage charges per transaction are only ₹20. Now that’s a brokerage which you can pay. Every other broker takes brokerage based on the total amount transacted.
For Future and Option, it's flat ₹20 per order. Be it 1 lot, 10 lots or 100 lots. For one order it is ₹20. This is the best in the business.
There might be other brokerage companies like 5paisa.com which might take less brokerage (for F&O and not Delivery of Stocks) but overall when you consider other aspects like uptime, software available for trading, Mobile trading, etc ZERODHA is the best.
Don’t wait any longer even if you have an account elsewhere, believe me, open an account in ZERODHA immediately. No other brokerage company even comes close.
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