Illustration:
Let’s assume, a trader has an average daily trading frequency of 3 trades in an option segment. The annual brokerage charged at BFSL will be Rs.20 per order. Whereas, if he does same trade with other stockbrokers as per standard brokerage charges, it will be on a much higher side. Below is the calculation explaining the same:
|
Broker A
(Brokerage @Rs.20/order)
|
BFSL
(Brokerage Rs.5/order)
|
No. of Option trades in a day |
3 |
3 |
Brokerage per trade (Rs.) |
20 |
5 |
Daily Brokerage (Rs.) |
60 |
15 |
Annual Brokerage** (Rs.) |
15900 |
3975 |
**Assuming that the number of trades is constant for 265 days on which share market was open |
- Broker A: Charged Rs. 15900/-
- Bajaj Financial Securities Limited: charged Rs. 3975/-
From the above illustration, we can observe with the help of various subscription plans at Bajaj Financial Securities Limited investor may save the brokerage up to 75%.