How to Use Alice Blue Brokerage Calculator?

India's appetite for Futures and Options is on the rise! The average daily trading volume for the F&O segment saw record heights this September, reaching a whopping ₹537 trillion! 🚀  

Many retail investors are participating in F&O trades. However, the market is not risk-free or without its costs. For every investment and trade you make, you need to pay a fee: brokerage. And it is inclusive of multiple charges. 

Understanding brokerage charges is a must to make the most of your investments. Don't worry; there are many tools, like the Alice Blue Brokerage Calculator, for your convenience. By using the which, you can find out how much each trade costs you before executing it and make informed investment decisions.   

Coverings:

• Alice Blue Charges
• Alice Blue Brokerage Charges
• Alice Blue Brokerage Calculator
  • For Intraday
  • For Futures 
• Alice Blue vs FYERS: Brokerage Comparison

Alice Blue is a discount broker, and it was established in 2006. Since then, it has been providing various trading services across multiple asset classes, including:

• Equities
• Commodities
• Currencies 
• Futures
• Options

However, this information is not enough. Before picking Alice Blue as your broker, you need to know what its brokerage charges are and how they are calculated. Let's go!

Alice Blue Charges

Category	Charges
Account Opening	₹0
Account Maintenance Charges (AMC)*	₹0

*AMC charges of ₹400 will apply until 11 September 2024.
From 12 September 2024, free AMC—₹0!

Alice Blue Brokerage Charges

Here is a breakdown of what Alice Blue charges for all trades:

Category	Equity Delivery	Equity Intraday	Futures	Options
Brokerage	2.5% or ₹20 (whichever is lower)	0.05% or ₹20 (whichever is lower)	0.05% or ₹20 (whichever is lower)	₹20
Exchange Charges	NSE: 0.00297%  BSE: 0.00375%	NSE: 0.00297%  BSE: 0.00375%	NSE: 0.00173% BSE: 0.00%	NSE: 0.0350%  BSE: 0.0325%
Security Transaction Tax (STT)	Buy: 0.1% Sell: 0.1%	0.025% (Sell)	0.02% (Sell)	0.1% (Sell)
SEBI Charges	0.0001% of turnover	0.0001% of turnover	0.0001% of turnover	0.0001% (on options premium)
GST	18% on Brokerage, SEBI and Exchange Charges	18% on Brokerage, SEBI and Exchange Charges	18% on Brokerage, SEBI and Exchange Charges	18% on Brokerage, SEBI and Exchange Charges
Stamp Duty	0.015% (Buy)	0.003% (Buy)	0.002% (Buy)	0.003% (Buy)
Contribution to IPFT	0.0001% of turnover	0.0001% of turnover	0.0001% of turnover	0.0005% (on options premium)
Clearing Charges	₹0	₹0	0.0005%	0.009%

Now that you know the different applicable charges, let's move on to understanding how these are calculated.

Alice Blue Brokerage Calculator

Here are some examples to help you figure out how the calculator works:

1. For Intraday

Suppose you are buying 30 shares worth ₹1,500 each on the NSE. Now, here is how much brokerage you will end up paying: 

Category	Equity Intraday
Turnover	₹45,000
Brokerage	₹20
Exchange Charges	₹1.34
Security Transaction Tax (STT)	NA, since it's a buy transaction
SEBI Charges	₹0.045
GST	₹3.85
Contribution to IPFT	₹0.045
Stamp Duty	₹1.35
Clearing Charges	₹0
Total Charges	₹26.63
Net Debit	₹45,026.63

Let's break down how these charges are calculated:

Category	Calculation	Equity Intraday
Turnover	30 x ₹1,500	₹45,000
Brokerage*	0.05% x ₹45,000 or ₹20	₹20
Exchange Charges	0.00297% x Turnover	0.00297% x ₹45,000 = ₹1.34
SEBI Charges	0.0001% of Turnover	0.0001% of ₹45,000 = ₹0.045
GST	18% on Brokerage, SEBI and Exchange Charges	18% ( ₹20 + ₹1.34 + ₹0.045) = ₹3.85
Contribution to IPFT	0.0001% x Turnover	0.0001% x ₹45,000 = ₹0.045
Stamp Duty	0.003% x Turnover	0.003% x ₹45,000 = ₹1.35
Clearing Charges	NA	₹0
Total Charges	Brokerage + Exchange Charges + STT + SEBI Charges + GST + Contribution to IPFT + Stamp Duty	(₹20 + ₹1.34 + ₹0 + ₹0.045 + ₹3.85 + ₹0.045 + ₹1.35) = ₹26.63
Net Debit	Turnover + Total Charges	₹45,000 + ₹26.63 = ₹45,026.63

Note: Applicable brokerage is ₹20 since it is lower than 0.05% of turnover

So, this is how Alice Blue's brokerage charges are calculated for intraday trades.

2. For Futures 

Suppose you are selling a futures contract of 30 shares worth ₹1,200 each on NSE. Now, here is how much brokerage you will end up paying: 

Category	Futures
Turnover	₹36,000
Brokerage	₹18
Exchange Charges	₹6.23
Security Transaction Tax (STT)	₹9
SEBI Charges	₹0.036
GST	₹4.37
Contribution to IPFT	₹0.036
Stamp Duty	₹0.72
Clearing Charges	₹0.18
Total Charges	₹34.94
Total P&L	₹35,965.06

Let's break down how these charges are calculated:

Category	Calculation	Futures
Turnover	30 x ₹1,200	₹36,000
Brokerage*	0.05% x Turnover or ₹20	0.05% x ₹36,000 = ₹18 or ₹20
Exchange Charges	0.00173% x Turnover	0.00173% x ₹36,000 = ₹6.23
STT	0.025% x Turnover	0.025% x ₹36,000 = ₹9
SEBI Charges	0.0001% x Turnover	0.0001% x ₹36,000 = ₹0.036
GST	18% on Brokerage, SEBI and Exchange Charges	18% ( ₹18 + ₹6.23 + ₹0.036) = ₹4.37
Contribution to IPFT	0.0001% x Turnover	0.0001% x ₹36,000 = ₹0.036
Stamp Duty	0.002% x Turnover	0.002% x ₹36,000 = ₹0.72
Clearing Charges	0.0005% x Turnover	0.0005% x ₹36,000 = ₹0.18
Total Charges	Brokerage + Exchange Charges + STT + SEBI Charges + GST + Contribution to IPFT +Stamp Duty + Clearing Charges	(₹18 + ₹2.63 + ₹9 + ₹0.036 + ₹4.37 + ₹0.036 + ₹0.72 + ₹0.18) = ₹34.94
Total P&L	Turnover - Total Charges	₹36,000 - ₹34.94 = ₹35,965.06

Note: Applicable brokerage is ₹18 since it is lower than ₹20.

Alice Blue vs FYERS: Brokerage Comparison

Brokerage charges vary across brokers. That's why it is so important to choose the right one. If you are an active participant in the market, brokerage charges can pile up and affect your profits. Don't believe us? Here is an example comparing Alice Blue and FYERS to make things clear for you.

Imagine you are buying a futures contract of 20 shares worth ₹1,000 each on NSE. 

Now, here is how much brokerage you will end up paying:

• Total Turnover = No. of shares x Price per share = ₹20,000
• Exchange = NSE

Category	Alice Blue	FYERS
Account Opening	₹0	₹0
AMC	₹0	₹0
Brokerage	0.05% or ₹20 = ₹10	0.03% or ₹20 = ₹6
Exchange Charges	0.00173% = ₹0.35	0.00173% = ₹0.35
STT	NA	NA
SEBI Charges	0.0001% =  ₹0.02	0.0001% =  ₹0.02
GST	18% (₹10 + ₹0.35 + ₹0.02) = ₹1.87	18% (₹6 + ₹0.35 + ₹0.02) = ₹1.45
Contribution to IPFT	0.0001% = ₹0.02	0.0001% = ₹0.02
Stamp Duty	0.002% = ₹0.4	0.002% = ₹0.4
Clearing Charges	0.0005% = ₹0.1	0.0005% = ₹0.1
Total Charges	₹12.76	₹8.34
Net Debit	=Total Turnover + Total Charges = ₹20,000 + ₹12.76 = ₹20,012.76	=Total Turnover + Total Charges = ₹20,000 + ₹8.34 = ₹20,008.34

Alice Blue charges ₹12.76 for the same trade FYERS charges ₹8.34 for. Now imagine this difference over 20 trades a day. You could end up paying ₹88.4 extra a day and almost ₹22,000* a year. 

*Assuming 20 trades a day of the same value over 248 days a year. 

Are you ready to lose such a huge chunk of your profits just because you didn't make the right choice? Luckily, you can avoid such situations with Finology Select. Compare all the features, services and charges associated with Alice Blue and FYERS here! 

Conclusion

Alice Blue has been serving investors for 18 long years now. It allows them to trade across various asset classes at competitive brokerage rates. It even offers free account opening and maintenance and a ₹20 brokerage fee for intraday and F&O orders. 

Head to the Alice Blue Brokerage Calculator on Finology Select if you want to know the exact fees charged by Alice Blue. Know and understand all the charges for every trade before you make it. Use this information to choose the broker that fits you best!

Also Read:

• Alice Blue Stock Broker Complete Review
• How to use FYERS' Brokerage Calculator?
• Zero Brokerage on F&O