Brokerage charge forms a small but still a considerable chunk of returns in the stock market trading and investing. So, if your stockbroker is Upstox you should know how much brokerage does Upstox Charges?
In this blog, we will discuss various brokerage charges of Upstox
Upstox Brokerage Charges
Brokerage charges are levied by brokers for using their platform for trading and investing in the stock market. They are charged on different trading segments like intraday, currency, commodity, etc.
Upstox is a discount broker and its brokerage charges are on the lower side in comparison to many full-service brokers.
But when compared to other discount brokers, these charges are comparatively high. Let’s check the list of fees charged by Upstox as a brokerage.
| Upstox Brokerage Charges | |
| Equity Delivery | ₹20 or 2.5% whichever is lower |
| Equity Intraday | ₹20 per executed order or 0.05% (whichever is lower) |
| Equity Futures | ₹20 per executed order or 0.05% (whichever is lower) |
| Equity Options | Flat Rs. 20 per executed order |
| Currency Futures | ₹20 per executed order or 0.05% (whichever is lower) |
| Currency Options | 0.03% or Rs. 20/executed order whichever is lower |
| Commodity Futures | ₹20 per executed order or 0.05% (whichever is lower) |
| Commodity Options | 0.03% or Rs. 20/executed order whichever is lower |
How Brokerage is Calculated in Upstox?
Now the above table gives all the information on the brokerage fees charged by the broker. But how is brokerage calculated?
For this, let’s take an example.
Suppose Mr. Sharma is the investor and buys 100 shares of Infosys at ₹1000 each. The total turnover value here is ₹100000.
Now as per the data above, Upstox charges 2.5% of the turnover value of ₹20. So, let’s find out how much Mr. Sharma has to pay.
2.5%*100000= ₹2500
Here Mr. Sharma has to pay only ₹20 to execute the trade. In simple terms, the maximum brokerage one has to pay to do delivery trade with Upstox is ₹20 per trade.
Similarly, by checking Upstox intraday charges you can find the trading brokerage.
So you have seen the complete list of Upstox brokerage charges above. You must keep updated yourself with brokerage charges which are tweaked by the broker after some intervals. That is why it is advised to keep checking the updated list of brokerage charges.
