Statutory Audit Engine v4.2 NSE Cir. Ref: 2024/09-STT-REV SEBI Master Cir. 2024
info Editorial Note: Independent primary-source analysis. No stock tips. May contain partner links.

Institutional Brokerage & Transaction Cost Audit

Compare real out-of-pocket transaction drag across Zerodha, Angel One, Groww, and Upstox with mathematical exactitude. Zero affiliate kickbacks, calibrated directly to official NSE, BSE, and SEBI circulars.

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ZERO-AFFILIATE LEDGER
Deterministic Fee Formulas
PARAMETERS DECK CALC-ENGINE: ACTIVE
₹1,450.00
₹
₹1,580.00
₹
500 Units
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TOTAL TURNOVER ₹15,15,000.00
GROSS SPREAD / P&L +₹65,000.00
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Forensic Transaction Drag Audit

Zerodha Coin/Kite holds statutory zero delivery brokerage drag for clean buy-and-hold equity execution. On large delivery volumes, flat-fee structures save up to ₹1,490 per cycle over legacy percentage houses.

check_circle LOWEST TOTAL CHARGES DISCOUNT
ZERODHA

Zerodha

Kite / Coin

₹0 Delivery · Flat ₹20 / 0.03% Intraday

NET PROFIT AFTER ALL TAXES ▲ PROFIT
+₹63,316.63
Brokerage:₹0.00
STT (0.1% B&S):₹1,515.00
Exchange Txn:₹49.24
GST (18%):₹8.86
SEBI & Stamp Duty:₹110.26
▼ TOTAL DRAG: ₹1,683.37
Breakeven Per Share: +₹3.37
HYBRID BROKER SPEED PRO
ANGEL ONE

Angel One

SuperApp

Flat ₹20 or 0.1% lower

NET PROFIT AFTER ALL TAXES ▲ PROFIT
+₹63,316.63
Brokerage:₹0.00
STT (0.1% B&S):₹1,515.00
Exchange Txn:₹49.24
GST (18%):₹8.86
SEBI & Stamp Duty:₹110.26
▼ TOTAL DRAG: ₹1,683.37
Breakeven Per Share: +₹3.37
ACTIVE PLATFORM RETAIL
GROWW

Groww

Simple

Flat ₹20 or 0.05% whichever lower

NET PROFIT AFTER ALL TAXES ▲ PROFIT
+₹63,269.43
Brokerage:₹40.00
STT (0.1% B&S):₹1,515.00
Exchange Txn:₹49.24
GST (18%):₹16.06
SEBI & Stamp Duty:₹110.26
▼ TOTAL DRAG: ₹1,730.57
Breakeven Per Share: +₹3.46
TERMINAL PRO API FLOW
UPSTOX

Upstox Pro

Upstox Web

Flat ₹20 / Executed Order

NET PROFIT AFTER ALL TAXES ▲ PROFIT
+₹63,269.43
Brokerage:₹40.00
STT (0.1% B&S):₹1,515.00
Exchange Txn:₹49.24
GST (18%):₹16.06
SEBI & Stamp Duty:₹110.26
▼ TOTAL DRAG: ₹1,730.57
Breakeven Per Share: +₹3.46
REGULATORY VS BROKER FRICTION RATIO 98.8% Statutory / 1.2% Broker Fee
STT (76.5%) Stamp Duty (15.5%) Exchange / SEBI (4.2%) Broker Cut (3.8%)
MANDATORY STATUTORY TARIFF STRUCTURE

Official Indian Exchanges & Ministry of Finance Slabs

SEBI/HO/MRD/2024 CBDT CIRCULAR 14/2024
Fee Head Delivery Equity Intraday Equity Futures (F&O) Options (F&O) Levied By
Securities Transaction Tax (STT) 0.1% on Buy & Sell 0.025% on Sell Only 0.02% on Sell Turnover 0.1% on Premium (Sell) Central Govt. (MoF)
Exchange Transaction Fee NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325% NSE: 0.0019% NSE: 0.05% on Premium NSE / BSE Ltd.
Goods & Services Tax (GST) 18% on (Brokerage + Txn Fee) 18% on (Brokerage + Txn) 18% on (Brokerage + Txn) 18% on (Brokerage + Txn) State & Centre (GSTN)
SEBI Regulatory Turnover Fee ₹10 per ₹1 Crore Turnover ₹10 per ₹1 Crore Turnover ₹10 per ₹1 Crore Turnover ₹10 per ₹1 Crore (Premium) SEBI Board
State Stamp Duty 0.015% (₹1,500/Cr) on Buy 0.003% (₹300/Cr) on Buy 0.002% on Buy 0.003% on Buy Premium Indian Stamp Act 1899
Depository Participant (DP) Charge ₹13.5 to ₹15.5 + GST / scrip (on Sell) ₹0 (No Demat movement) ₹0 (Cash settled) ₹0 (Cash settled) CDSL / NSDL
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STATUTORY REGULATORY NOTICE & DISCLAIMER

This tool performs non-discretionary computational audits based on current published tariffs of SEBI, NSE, BSE, and respective brokerage schedule agreements. Calculations omit stamp duty variances for non-standard states unless explicitly audited. StockUnboxed operates without affiliate commercial incentive agreements. Investments in securities markets are subject to market risks; read all related scheme and broker disclosures prior to executing capital transactions.

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