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The number of retail traders has gone from 51 lakh in FY22 to 96 lakh in FY24. However, a SEBI analysis shows that about 93% of people trading in equity derivatives are losing money. The analysis states that each trader has lost an average ₹2 lakh during the last 3 financial years.
One reason for such high losses is that traders don't know how much a trade costs. So, before you jump into Futures and Options trading, make sure to understand the associated costs. You can use the 5paisa Brokerage Calculator to find the true profit or loss, make informed investment decisions, and make the most of your trades.
Table of Contents
- 5paisa Charges
- 5paisa Brokerage Charges
- 5paisa Brokerage Calculator
- 5paisa vs Zerodha: Brokerage Charges
5paisa is a discount broker serving over 45 lakh customers. It is known for its cost-effectiveness, user-friendliness and competitive pricing structure. It offers a flat brokerage rate and various financial instruments, including:
- Equity
- Intraday
- Futures
- Options
- Commodities
- Currencies
Now, before you pick 5paisa as your broker, you need to know:
- It offers 3 different brokerage plans:
- Basic
- Power Investor Pack
- UltraTrader Pack
- What its brokerage charges are
- How they are calculated
So, let's begin!
5paisa Charges
|
Basic |
Power Investor Pack |
UltraTrader Pack |
|
|
Plan Charge |
₹0 per month |
₹599 per month |
₹1,199 per month |
|
Account Opening |
Free |
Free |
Free |
|
Account Maintenance Charges (AMC)* |
₹300 per annum |
₹300 per annum |
₹300 per annum |
- ₹0 monthly if your holdings are less than ₹50,000
- ₹8 monthly if your holdings range from ₹50,000 to ₹2,00,000
- ₹25 monthly if your holdings are more than ₹2,00,000
5paisa Brokerage Charges
Here is a breakdown of what 5paisa charges for F&O trades:
|
Charges |
Futures |
Options |
|
Brokerage Fees |
|
|
|
Transaction Charges |
0.0020% (Buy and Sell) |
0.053% |
|
Securities Transaction Tax (STT) |
0.01% |
0.05% (Sell) |
|
Stamp Duty |
0.002% or ₹200 per crore (Buy) |
0.003% or ₹300 per crore (Buy) |
|
SEBI Fees |
0.0001% |
0.0001% |
|
GST |
18% (Brokerage + Transaction Charges + SEBI Fees) |
18% (Brokerage + Transaction Charges + SEBI Fees) |
Now, let's get a better sense of how these values are calculated.
5paisa Brokerage Calculator
Here are some examples to help you understand the calculator better:
1. For Equity Futures
Suppose you are selling a futures contract of 20 shares worth ₹1,000 each. Now, here is how much brokerage you will end up paying:
|
Category |
Charge |
|
Brokerage Fees |
|
|
Transaction Charges |
₹0.4 |
|
STT |
₹2 |
|
SEBI Fees |
₹0.02 |
|
GST |
|
|
Total Charges |
|
|
Turnover |
₹20,000 |
|
Net P&L |
|
Let’s break down how these charges are calculated:
|
Turnover |
Quantity × Sell Price |
20 × ₹1,000 = ₹20,000 |
|
Brokerage (Flat Fee) |
|
|
|
Transaction Charges |
0.0020% x Turnover |
0.0020% x ₹20,000 = ₹0.4 |
|
STT |
0.01% x Turnover |
₹20,000 x 0.01% = ₹2 |
|
SEBI Charges |
0.0001% x Turnover |
₹20,000 x 0.0001% = ₹0.02 |
|
GST |
18% on brokerage + SEBI charges + Transaction charges |
|
|
Total Taxes and Charges |
Brokerage + Transaction Charges+ STT + SEBI Charges + GST |
|
|
Net P&L |
Turnover - Total taxes and charges |
|
So, that is how 5paisa brokerage charges are calculated for futures contracts.
2. For Equity Options
Suppose you are selling an options contract of 30 shares worth ₹1,500 each. Now, here is how much brokerage you will end up paying:
|
Category |
Charge |
|
Brokerage Fees |
|
|
Transaction Charges |
₹23.85 |
|
STT |
₹22.5 |
|
SEBI Fees |
₹0.045 |
|
GST |
|
|
Total Charges |
|
|
Turnover |
₹45,000 |
|
Net P&L |
|
Let’s break down how these charges are calculated:
|
Turnover |
Quantity × Sell Price |
30 × ₹15,000 = ₹45,000 |
|
Brokerage (Flat Fee) |
|
|
|
Transaction Charges |
0.053% x Turnover |
₹45,000 x 0.053% = ₹23.85 |
|
STT |
0.05% x Turnover |
₹45,000 x 0.05% = ₹22.5 |
|
SEBI Charges |
0.0001% x Turnover |
₹45,000 x 0.0001% = ₹0.045 |
|
GST |
18% on brokerage + Transaction Charges + SEBI charges |
|
|
Total Taxes and Charges |
Brokerage + Transaction Charges + STT + SEBI Charges + GST |
|
|
Net P&L |
Turnover - Total taxes and charges |
|
So, that is how 5paisa brokerage charges are calculated for options contracts.
5paisa vs Zerodha: Brokerage Charges
Brokerage charges vary from broker to broker. Therefore, it is important to compare what different brokers are charging before you select one. Let's see where 5paisa stands compared to Zerodha in terms of cost. Here is an example to help simplify the calculation:
Suppose you are:
- Buying a Futures contract of 10 shares worth ₹1,000 each
- Selling a futures contract of 20 shares worth ₹1,500 each
Now, here is how much brokerage you will end up paying:
- Total Turnover = Total Buy Value + Total Sell Value
- = (10 x ₹1,000) + (20 x ₹1,500)
- = ₹10,000 + ₹30,000 = ₹40,000
- Exchange = NSE
|
Category |
5paisa |
Zerodha |
|
Brokerage Charges (A) |
|
|
|
Transaction Charges (B) |
|
|
|
STT (C) |
|
|
|
Stamp Duty (E) |
|
|
|
SEBI Turnover Fees (F) |
|
|
|
GST |
18% (A+B+F) = 18% (₹40 + ₹0.8 + ₹0.04) Total = ₹7.35 |
18% (A+B+F) = 18% (₹12 + ₹0.75 + ₹20) Total = ₹5.89 |
|
Total Charges |
₹51.39 |
₹42.59 |
|
Net P&L |
Total turnover - Total charges |
Total turnover - Total charges |
Note: This example is for 5paisa's basic plan.
Zerodha's brokerage charges are less than those of 5paisa's basic plan. However, brokerage is not the only criterion to consider before choosing a broker. Compare all the features and services offered by 5paisa and Zerodha here!
Conclusion
5paisa has been serving investors since 2016. It offers a variety of financial instruments and 3 different brokerage plans. So, you can choose the plan that suits you best. It also offers zero account opening charges and a flat fee of ₹20, ₹10 or ₹10 per trade, depending on which plan you choose.
Head to the 5paisa Brokerage Calculator on Finology Select if you want to know the exact fees charged by 5paisa. Know and understand all the charges for every trade before you make it!
In this article, we have only compared 5paisa with Zerodha. However, you can compare it with 24 other top brokers on Select. Find everything from brokerage charges to features, benefits, and even the pros and cons.
Choose the broker that fits you best; after all, having the right broker makes all the difference in your investment journey!
