Brokerage Calculator · WealthJot.ai

⚡ Brokerage Calculator

Compare exact trading costs across Zerodha, Groww, Angel One, Upstox, HDFC, ICICI for any trade

Brokerage: gross p&l is ₹2,000, based on the entered inputs.

₹2,000

₹2,000 gross p&l

Segment

Buy Price (₹)₹500

Sell Price (₹)₹520

Quantity / Lots100

Zerodha cost

₹53

Groww cost

₹64

Angel One cost

₹53

Upstox cost

₹53

HDFC Sec. cost

₹317

ICICI Dir. cost

₹347

Save this calculation — sign up free to keep it and track it against your real plan.

Formula

Net P&L = (Sell Price − Buy Price) × Quantity − (Brokerage + STT + Exchange Charges + GST + Stamp Duty)

Worked example

Input	Value
Segment	Equity Intraday
Buy Price (₹)	₹500
Sell Price (₹)	₹520
Quantity / Lots	100 shares
Gross P&L	₹2,000
Zerodha cost	₹53
Groww cost	₹64
Angel One cost	₹53
Upstox cost	₹53
HDFC Sec. cost	₹317
ICICI Dir. cost	₹347

What a trade actually costs

Brokerage is only the visible slice of trading costs. Every order also pays STT (securities transaction tax), exchange transaction charges, SEBI turnover fees, stamp duty on buys, GST on the brokerage+charges, and — for delivery sells — DP charges. The calculator itemises the full stack across brokers so the comparison is honest.

The structural insight: on *delivery* trades at discount brokers, brokerage is often zero — the government levies (mainly STT at 0.1% each side) dominate, so broker choice barely matters. On *intraday and F&O*, per-order brokerage (₹20 flat at most discount brokers) plus higher-frequency charges compound fast: a trader placing 20 round-trips a week pays ~₹40,000+ a year in brokerage alone before a single rupee of market profit. Costs are certain; edge is not.

ExampleBuy-and-sell ₹1 lakh of delivery equity: total charges ≈ ₹250-300, of which brokerage is ₹0-40 — the STT and stamp duty were always going to be paid anywhere. The same ₹1 lakh churned intraday daily for a year: charges alone approach 15-20% of capital. The fee schedule quietly decides which trading styles can ever be profitable.

Common mistakeChoosing a broker on brokerage alone. For investors, reliability, fund-transfer smoothness and DP charges matter more than a ₹20 difference; for traders, margin policy and platform stability during volatile opens matter most — an outage during one bad exit costs more than a decade of brokerage savings.

✓ You learnedDelivery investing is nearly free at any discount broker (government levies dominate); active trading pays the full stack on every round-trip, and frequency multiplies it. Run your actual trade pattern through the calculator yearly — the total is the hurdle your returns must clear first.

FAQs

Why did I pay charges when my broker advertises zero brokerage?

“Zero brokerage” refers only to the broker’s own fee (usually on delivery). STT, exchange charges, SEBI fees, stamp duty and GST are statutory and apply at every broker — typically ₹200-300 per ₹1 lakh delivery round-trip. No broker can waive them; the calculator shows the full breakdown.