How to Use Alice Blue Brokerage Calculator?

Created on 07 Oct 2024

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

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:

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!

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