Jab aap stock market me invest karne ka nirnay lete hain, itne saare technical words dekh kar hataash hone ke bajaye aap broker ke paas jaana pasand karenge. Broker ek middleman ki tarah act karta hai between the seller and the buyer. Broker aapko stock market se jodta hai- lekin ye sirf transactions ke liye aapka connecting link hi nahi balki resource bhi hota hai. A good broker may also offer you market insights, research, investment plans, advisory services, margin funding, among other value-additions.
In return for the services that a broker gives you, vo ek brokerage commission ya fee charge karte hain. Ye brokerage fee total transaction amount ke ek percentage ke form me calculate ki jaati hai. In the olden times, jab physically trade karna padta tha, tab brokers ka kaam and fees were both higher. Only the creamy layer of investors used to hire brokers. Ab, with the online boom, discount brokers have become a norm. Ab ek reasonable service fee par aapko brokerage services aaram se mil sakti hain. Ab brokers sirf securities buy or sell karne ka apna primary function hi nahi execute karte, balki personalised benefits bhi offer karte hain - it is up to you if you want to avail those. It is a good service- because jaise jaise market aur complicated hoti hai, the broker’s professional insight becomes useful because at the end of the day, market se direct interaction toh unka hi hai!
So let’s see what their brokerage fee for this service constitutes!
Brokerage ya to ek flat fee hoti hai ya phir it is a percentage of the amount for the transaction that the broker executes on your behalf. Zyadatar brokers percentage method use karke charge karte hain. Lekin kuch additional expenses ki wajah se brokerage fee change ho jaati hai, which is why sabhi brokers ek brokerage calculator provide karte hain.
Let us round up - ke brokerage compute karne ke liye kon-konsi calculations involved hoti hain. Ek example lete hai. Suppose aapne 1000 shares khareede at the rate of Rs 200 each. Ab aap un shares ko Rs 250 par sell kar rahe hain, through your broker.
Brokerage charges 0.4% hain. Then, your brokerage charges will be calculated on the total trade value. Iss case me total trade value hogi (1,000 x 200) + (1,000 x 250) which is 2,00,000 + 2,50,000 = Rs 5,50,000 Is value par brokerage charges at 0.4% will be Rs 2200. Ye Rs 2200 aap - as an investor broker ko pay karenge. Lekin, there’s a catch. Brokerage ke under aur bhi kuch expenses charge hote hain.
Jaise ki
Security Transaction Tax,
State-wise Stamp Duty,
Exchange Transaction Charges, etc.
So, in effect, jo brokerage fee pay karni hoti hai, it has a percentage of the transaction as commission and other taxes, fees, duties. To make it simpler, brokerage calculators are provided- ye usually brokers ki websites pe available hote hain!
Brokerage calculator use karne ke liye aapke paas ye information honi chahiye Buy price Sell price Number of shares Lot Size - agar aap Options trading ke liye fee check kar rahe hain Your State - to calculate Stamp Duty Aapko ye saara data calculator me feed karna hoga, calculations ka baaki kaam calculator khud karega. Iss calculator ko use karke aap apni puri transaction ki cost pata kar sakte hain, even before actually making a decision. Phir agar aapko lage ke transaction se jo profit hoga vo brokerage fees se zyada hai, toh you can decide to go ahead.
Ye toh zaahir si baat hai ke brokerage calculator aapko conveniently aapki transaction ke asal expenses batata hai. There are other benefits too.
First of all, aapko accurate results and costs pata chalte hain. Koi approximations ya estimations lagane ki zarurat nahi padti! Brokerage calculators tried and tested hote hain, woh sabhi charges ke liye account karte hain, aur to aur vo SEBI aur NSE ki regulatory guidelines and fees ko bhi consider karte hain, so there is no room for error. Secondly, and ye bahut obvious hai, but it saves you so much time! All this time you can utilise in researching the market better or making decisions!
And last but not the least, aap brokerage calculators use karke alag alag stock brokers ki fees compare kar sakte hain!
Brokerage calculator is a great resource. Be an informed investor and calculator use karke transactions ke decisions lijiye!
Make sure you tune to our other podcasts and learn more hacks and tips to be a better investor!