ICICI Brokerage Calculator: Know Everything About it

Since childhood, we have been taught that we get profit when we sell something for a price higher than what we paid to acquire it. But the question is, do you bag all the amount of the proceeds or a significant part of it? Now when you think back and try to recall some of the deals that you made no matter how big or small, they were, in most cases you had to pay the price to the middleman, and this price is known as brokerage.

The capital and the money market are no different than the laymen world regulations and norms. Just like you must pay brokerage while dealing with property or goods, in the same manner, you must pay brokerage for settlement of your equity/commodity trade. This brokerage is generally calculated by using a Brokerage Calculator which is an online tool that many investment platforms provide for the convenience of traders to help them assess calculation of their brokerage in advance of carrying out a trade.

This is where ICICI brokerage calculator comes in play. It helps you calculate the brokerage you need to pay on the deal that you make through ICICI direct, a retail and investment service platform of ICICI Securities. It also calculates several taxes and charges apart from the GST that you must pay on your trade such as SEBI turnover fees, Securities Transaction Tax and Transaction charges that you pay to the exchange, which are BSE and NSE. ICICI Direct lets you trade in different asset classes ranging from Equity to derivatives with different time horizons which generally are intraday and long-term investments.

Now the question arises how does ICICI brokerage calculator calculate brokerage? These calculations are based on several factors such as Lot size, overall turnover, type of trade and type of services an individual avail by ICICI Direct (whether a premium or basic service pack).

For equity delivery, the brokerage is charged at a fixed rate of 0.55% on the trade's overall turnover. In contrast, for equity intraday delivery, the brokerage charge has been kept low in a range of .035%-.05% to let the investor maximize his returns. For intraday equity square-off the charge is .275%, and there are no charges for the settlement in the second leg of intraday trade. Equity futures cost a brokerage of 0.05% on the higher leg turnover and a flat brokerage of 50 rupees on lower leg turnover.

Currency futures, currency futures stop loss, currency options and commodity futures cost the same brokerage of 20 rupees per order.

Flat brokerage for options and options plus is 95 rupees per lot and 50 rupees for the first and second leg of intraday square-off. There is also a unique plan by the name Options 195 plan in which brokerage for 100 lots is 1545 rupees which is 15.45 rupees per lot which is very low than the 95 rupees per lot that you would need to pay usually. So, if you are an active options trader do give it a try.

Now we will look at the brokerage structure of non-convertible debentures and bonds which are as follows:

• If the amount is less than or equal to 1 Crore, the brokerage is 0.75% and 1.00% for less than five years and more than five years.
• If the amount is more than one crore but less than five crores, the brokerage is 0.50% and 0.75% for a period of fewer than five years and more than five years, respectively.

• If the amount is more than 5 crores, the brokerage is fixed at 0.50% irrespective of the instrument's maturity.

The rates charged by ICICI Direct are very competitive and are amongst the best rates you can find in the market for a brokerage platform. But the above information consists only the basic brokerage that you need to pay as per your trade, and it is exclusive of other charges which were mentioned above such as SEBI turnover fees, Securities Transaction tax and Transaction charges which is different for every asset class based on the guidelines set by the government and exchange. For these details, you can look up the page of ICICI directly or can use the link provided below.