m.Stock Brokerage Calculator: How to Save Big on Every Trade

The world of investing is expanding. People are not as afraid of investing their money in the stock market as they were a few years ago. In June 2024, the number of Demat accounts reached 16 crore, a massive rise from 3.6 crore in March 2020.🚀This is proof that people are gaining confidence in investing.

As people turn towards the stock markets to grow their money, they should be aware of the costs associated with investing or brokerage costs. You may think that calculating how much extra money you have to pay for every trade is a hassle, but there are tools to help you out. Here is one such tool: m.Stock brokerage calculator!

Table of Contents

1. What is m.Stock?
2. m.Stock's Product Offerings
3. m.Stock's Demat & Trading Account Opening Charges
4. How to use m.Stock Brokerage Calculator?

What is m.Stock?

m.Stock by Mirae Asset is a comprehensive trading platform. It is a discount broker that offers a zero brokerage model with a one-time fee of ₹999. Zero brokerage means cost savings for investors. m. Stock's account opening process is easy, and within 5 minutes, you can access the platform's advanced technical and fundamental tools and data to help you make informed investment decisions.

The platform offers:

• Low-margin trading rates (one of the lowest)
• A seamless trading experience
• Varied investment options
• User-friendly interface
• Educational Support

Its many offerings make it an attractive choice for new investors, active traders and investors who prefer their trading experiences to be low-cost and efficient. 

m. Stock's Product Offerings

Apart from its many features, m. Stock's product offerings are also quite varied:

1. IPO Investments: Investors can use the platform to participate directly in Initial Public Offers.
2. Stock Trading: m.Stock allows users to trade stocks across the NSE and BSE. This makes it an attractive option, especially for people who trade on a regular basis.
3. Currency Trading: m.Stock allows users to trade futures and options, diversifying their product portfolio. 
4. Futures & Options (F&O) Trading: It offers zero brokerage charges on the trade of equity futures and options. The derivative market is known for high trade volumes and zero charges make it an attractive option. 
5. Margin Trading Facility (MTF or eMargins): It allows you to buy more shares with less money by borrowing funds from your broker. m.Stock charges a daily interest rate of just 0.0192%. 
6. Pledge for Margin: Users can pledge their existing stocks to gain additional margin. This allows them to invest more than the cash they have, allowing greater flexibility and investment capacity.

m.Stock's Demat & Trading Account Opening Charges

m.Stock offers two plans: Lifetime Zero Brokerage Plan, for which you have to pay a one-time fee of ₹999 and a free plan. Let us help you compare them both: 

m.Stock Charges	Lifetime ₹0 brokerage plan	Free Delivery Plan
Account Opening Fee	₹999	₹0
Annual Maintenance Charge	₹0	₹480
Equity Delivery	₹0	₹0
Equity Intraday	₹0	₹20
Futures	₹0	₹20
Options	₹0	₹20
Currency Futures	₹0	₹20
Currency Options	₹0	₹20
Call and Trade	₹0	₹20

Don't know the Difference Between a Trading Account and a Demat Account? Click on the link to read about it.

How to use m.Stock Brokerage Calculator?

Here are some examples to help you understand the calculator better-

1. Lifetime ₹0 Brokerage Plan

The very first step is to pay the one-time fee of ₹999.

Transaction Details: Fill in the details of your transaction.

1. Choose the Lifetime Zero Brokerage Plan
2. Quantity: 100 shares
3. Price per Share: ₹600
4. Order Type: Buy
5. Exchange: NSE
6. Turnover: ₹60,000

1. Calculate the Brokerage: The next step is finding out how much m.Stock will charge you for the transaction. With the Lifetime Zero Brokerage Plan, you will not have to pay any brokerage charges, so for our example, the applicable brokerage will be ₹0.00.

2. Calculate Other Charges:

1. STT: ₹0.00 
2. Exchange Charges: ₹1.20
3. GST: ₹0.22
4. SEBI Charges: ₹0.03
5. Stamp Duty Charges: ₹1.20

3. Calculate Total Tax and Charges: Now we know all the fees and charges that are applicable for our example trade:

So the total amount of tax and charges that you have to pay is = ₹0.00+ ₹1.20 + ₹0.22 + ₹0.03 + ₹1.20 = ₹2.65

4. Calculate the Net Debit:

1. Turnover: ₹60,000
2. Total Tax and Charges: ₹2.65
3. Net Debit Calculation: This is the total amount you have to pay, including the trade value.
4. Net Debit = Turnover + Total Tax and Charges
5. Net Debit = ₹60,000 + ₹2.65 = ₹60,002.65

So, if you choose m. Stock's Lifetime Zero Brokerage Plan, then your brokerage is reduced to ₹2.65 from ₹215.05 in its free plan. See how⤵️

2. Free Delivery Plan

Here’s an example of how you can use the m.Stock brokerage calculator in its free plan. Let's assume:

1. Choose the brokerage plan as Plan 2
2. Quantity: 100 shares
3. Price Per Share: ₹600
4. Order Type: Buy
5. Exchange: NSE
6. Turnover: ₹60,000

1. Calculate the Brokerage: The next step is finding out how much your broker will charge you for the transaction. 

1. Brokerage Plan: m.Stock charges a fee of 0.30% or ₹20 per lot (whichever is lower) on the transaction value. For our example, the brokerage will be calculated as:
2. Transaction Value: ₹60,000 (Turnover)
3. Brokerage at 0.30%: 60,000×0.003=₹18060,000 \times 0.003 = ₹18060,000×0.003=₹180 or
4. Brokerage at ₹20 per lot: 100 shares × ₹20 = ₹200
5. Since ₹180 is lower than ₹200, our applicable brokerage for this transaction will be ₹180.

2. Calculate Other Charges: Apart from the brokerage fee, there are certain other charges that apply, such as:

1. STT (Securities Transaction Tax): ₹0.00 (it is either not applicable or negligible. It is generally calculated on the transaction value.)
2. Exchange Charges: ₹1.20
3. GST: ₹32.62
4. SEBI Charges: ₹0.03
5. Stamp Duty Charges: ₹1.20

3. Calculate Total Tax and Charges: Now we know all the fees and charges that are applicable for our example trade:

1. Brokerage Applicable: ₹180
2. Exchange Charges: ₹1.20
3. GST: ₹32.62
4. SEBI Charges: ₹0.03
5. Stamp Duty Charges: ₹1.20

So the total amount of tax and charges that you have to pay is: ₹180 + ₹1.20 + ₹32.62 + ₹0.03 + ₹1.20 = ₹215.05

4. Calculate the Net Debit: This is the total amount you have to pay, including the trade value.

Net Debit = Turnover + Total Tax and Charges
Net Debit = ₹60,000 + ₹215.05 = ₹60,215.05

So, now you know how brokerage is calculated if you choose m.Stock's free plan.

Conclusion

m.Stock has many pros, and its zero brokerage model definitely works in its favour. The platform also provides many investment opportunities, including stocks, IPOs, futures and options. It has one of the lowest margin trading rates in the market and provides a seamless trading experience with advanced tools all wrapped up in a user-friendly interface.
It offers two brokerage plans, and now, you know the difference between its free and Lifetime Zero Brokerage Plan. If you trade frequently, then it might be worth it to pay a one time fee of ₹999 and get zero brokerage fee for a lifetime. In the long run, it will prove to be more cost-effective. 

However, if you think that you don’t want to commit, to m.Stock or just one broker, then here is a hack for you; head to Select's brokerage calculators list. You can try 25 calculators from 25 popular brokers and decide which one suits your trading needs the best.