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IIFL Premia. Equity

IIFL Premia. Equity

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Published by Prajot Morajkar

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Published by: Prajot Morajkar on May 28, 2012
Copyright:Attribution Non-commercial

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06/11/2014

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Equity:
Chart represents the SLF/ Advance Brokerage:
Calculation of Brokerage for Intraday incase of Advance brokerage of Rs. 25000/-Example:
 
 
Company:
ITC
 
 
Principle:
Rs.1,00,000
 
Share price: Rs.
200
 
 
Brokerage Intraday:
0.025%If we invest Rs. 1,00,000 in ITC ltd. @ Price 200 at 9.30 and we sell this share in a same day before 3.30pm then the brokerage will be:
 
Buy @ Rs.200
 
Quantity 500 UnitsAmount: Rs. 200 X 500 Units = Rs. 1,00,000Brokerage: Rs. 100,000 X 0.025% = Rs.25
 
Sell @ Rs. 210
 
Quantity 500 UnitsAmount: Rs. 210 X 500 units = Rs. 1,05,000AB
 
Brand Name VASPRM2VASPRM3Scheme SLF15SLF16Prepaid amount
 
2500050000Service Tax at 10.3%
2575
5150Total Prepaid amount including Service tax
27575
55150Initial Margin
 150000
500000Account opening fee
 
00Reversal
27575
55150Validity
 
3 month3 month
 
Delivery
 
0.250%, m
 
in4p 0.150%, min3pSquare off 
 
0.025%, min4p0.020%, min3pFutures
 
0.025%,
 
min4p
0.020%,
min3pOptions
 
Rs. 80/- or 0.8% whichever ishigherRs. 40/- or 0.4% whichever ishigherDP Charges additional
 
Flat 25RsFlat 25 RsSTT and other statutory charges additional
 
As ApplicableAs Applicable
 
 
Brokerage: Rs.1,05,000 X 0.025% = Rs. 26.25Thus the total Brokerage Charged to You will be
Rs 25 on Buying + Rs. 26.25 on selling = Rs. 51.25
forintraday trading.
Calculation of Brokerage on Delivery with Advance Brokerage of Rs. 25000/-Example:
 
Company:
ITC ltd.
 
 
Principle: Rs.
1,00,000
 
Share price: Rs.
200
 
Brokerage on Holding:
0.25%
 
If we invest Rs.1,00,000 to purchase the share of ITC ltd @ Rs. 200 today but for the purpose of holdingthe share then the brokerage will be calculated as:
 
Buy @ Rs. 200
 
Quantity 500 UnitsAmount: Rs.200 X 500 Units = Rs. 1,00,000Brokerage: Rs. 1,00,000 X 0.25% = Rs. 250If you want to sell the Share of ITC ltd. after a period of 1 year at a price of Rs. 250 then the calculationwill be:
 
Sell @ Rs. 250
 
Quantity 500 UnitsAmount: Rs. 250 X 500 Units = 175000Brokerage: Rs. 1,75,000 X 0.25% = Rs. 437.50Brokerage will be calculated on the Buying and selling of shares and not on the holding period thus thebrokerage paid on this trading will be
Rs. 250 on Buying + Rs. 437.50 on Selling = Rs. 687.50
onDelivery/ holding of stock.
 
 
F&O:
Calculation of Brokerage in case of Future contracts with SLF of 25000/-. will be 0.025 on Buyingand 0.025 on Selling.Example:
 
 
Nifty Future:
Nifty 50
 
 
Lot Size:
50
 
Margin %:
10%
 
Contract Value:
2,30,000
 
CMP: Rs.
4600
 
 
Brokerage Future:
0.025%
Margin Amount:Contract Value:
Rs. 4600 X 50 units = 2,30,000
 Margin Amount:
10% of Contract Value
 
Rs. 230000 X 10% = Rs. 23,000
Buying of Future Contract:
If we buy 1 lot of Nifty future contract today the brokerage will be calculated as:
 
Buy @ Rs. 4600
 
Lot of 50 UnitsContract Value: Rs. 4600 X 50 units = Rs. 2,30,000Brokerage: Rs. 230000 X 0.025% = Rs. 57.50
 
When we Sell 1 lot of Nifty future contract the brokerage will be calculated as:
 
Sell @ Rs. 4650
 
Lot of 50 units
Contract Value: Rs. 4650 X 50 units = Rs. 2,32,500Brokerage: Rs. 2,32,500 X 0.025% = Rs. 58.125
Brokerage will be calculated on the Buying and selling of Nifty hence brokerage paid on this trading willbe
Rs. 570.50 on Buying + Rs. 58.125 on Selling = Rs. 115.625
.

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