by admin | September 19, 2024
Last updated on September 19, 2024,
Welcome to the Groww Brokerage Calculator is a helpful tool for traders and investors.
This easy-to-use tool looks at factors like trading segment, quantity, price, and other charges to clearly show the brokerage fees and expenses.
With its simple interface, users can enter their trade details and get instant calculations.
Using the Groww Calculator, traders can understand the potential costs involved and make informed decisions about their trades.
Groww Brokerage Calculator 2024
| Groww Brokerage Calculation 2024 | Value |
|---|---|
| Turnover | 0 |
| Brokerage | 0 |
| DP Charges / Clearing Charges | 0 |
| STT | 0 |
| SEBI Turnover Fees | 0 |
| Stamp Duty | 0 |
| Exchange Transaction Charges | 0 |
| GST | 0 |
| Total Brokerage & Tax | 0 |
| Breakeven (Per Share) | 0 |
| Net Profit or Loss | 0 |
Groww Brokerage Charges
| Segments | Standard Plan |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order |
| Currency Futures | NA |
| Currency Options | NA |
| Commodity Futures | NA |
| Commodity Options | NA |
Brokerage calculator is an online tool that brokers provide to traders. Brokerage calculator helps you find out other fees. It allows you to see all the hidden fees of the transaction.
Grow brokerage is calculated using the following formula:
Brokerage = Number of shares sold/bought x Price of one unit of stock x Brokerage percentage/flat rate.
Brokerage Charges List
- Securities Transaction Tax (STT): This charge is levied only on the sell side for intraday and F&O trades. It is levied on both sides for delivery transactions in shares. There is no STT on bonds, forex and mutual funds.
- Transaction Fee (Exchange Turnover Fee): This charge is levied by stock exchanges for using their trading platform. The transaction fee is an addition to the two charges. Transaction Fee = Exchange Turnover Fee + Clearing Fee.
- Goods and Services Tax (GST): GST is a tax levied by the Government of India on services provided in India. GST on securities transactions is 18% of the total brokerage plus transaction fee.
- SEBI Fee: SEBI charges a fee for all sale and purchase transactions in securities other than debt securities.
- Stamp Duty: This is a government tax on trading in securities in India. It is collected by stockbrokers, clearing companies or custodians. Thereafter, the stamp duty collected is paid to the respective states.
- Break-Even (Per Share): Break-even point in share trading is the price at which the net profit or net loss is zero after paying brokerage and taxes for both buying and selling transactions and adding other expenses.
How to Use the Groww Brokerage Calculator
The Groww brokerage calculator is a powerful tool that helps investors estimate their trading costs. Here’s a step-by-step guide on how to use it:
- Select Exchange:- Choose the exchange (NSE or BSE) from the dropdown menu.
- Select Segment:- Choose the trading segment from the dropdown menu, such as Equity Intraday, Equity Delivery, Equity Futures, or Equity Options.
- Enter Trade Details:
- Buy Price: Input the price at which you plan to buy the stock.
- Sell Price: Input the price at which you plan to sell the stock.
- Quantity: Enter the number of shares you wish to trade.
- Calculate Charges:- Click the green “Calculate” button.
- Review Results:- The calculator will display the total brokerage charges and other related fees.
This tool helps you understand the total cost of your trade and potential profits before you execute it.
Benefits of Using Groww for Trading
Choosing the right platform is crucial for your trading success. Here are some benefits of using Groww:
- Transparency: Groww provides clear information about all charges, ensuring there are no hidden fees.
- User-Friendly Interface: The platform is designed to be intuitive and easy to use, even for beginners.
- Comprehensive Tools: Groww offers a range of tools, including the brokerage calculator, to help investors make informed decisions.
- Educational Resources: Groww provides educational content to help users understand the market and improve their trading skills.