Calculate breakeven price including all charges for any trade
When you buy a stock at ₹500, your actual cost is not ₹500. Every trade in India attracts multiple charges that stack up before you even factor in any profit. To actually make money, the stock price must rise above your breakeven — which is your purchase price plus all charges on the buy side, plus all charges on the sell side.
For delivery equity trades, charges include: STT (Securities Transaction Tax), SEBI turnover fees, NSE/BSE transaction charges, GST on brokerage and transaction charges, and stamp duty. For intraday, the charge structure differs slightly — STT is lower (0.025% vs 0.1% for delivery), but the impact adds up on high-frequency trades.
| Charge | Delivery | Intraday | F&O (Futures) | F&O (Options) |
|---|---|---|---|---|
| STT (buy side) | 0.1% | Nil | Nil | Nil |
| STT (sell side) | 0.1% | 0.025% | 0.0125% (on turnover) | 0.0625% (on premium) |
| Exchange Transaction Charge | 0.00345% | 0.00345% | 0.00188% | 0.0503% |
| SEBI Turnover Fee | 0.0001% | 0.0001% | 0.0001% | 0.0001% |
| Stamp Duty (buy) | 0.015% | 0.003% | 0.002% | 0.003% |
| GST (on brokerage) | 18% of brokerage | 18% of brokerage | 18% of brokerage | 18% of brokerage |
| Zerodha Brokerage | Zero | ₹20 or 0.03% | ₹20/order | ₹20/order |
Here is the actual breakeven for a delivery purchase on Zerodha. You buy 100 shares of Reliance at ₹3,000.
The stock needs to rise 0.24% just to break even. That sounds small, but for an intraday trade with 10 round trips in a day, the cumulative charge drag is significant — this is why high-frequency intraday trading rarely works for retail traders.
Different trade types have very different breakeven thresholds. Delivery trades have the highest charge impact in percentage terms for large positions. F&O has a fixed brokerage structure (₹20/order at most discount brokers) which makes it relatively cheaper for large contract values.
The takeaway: for small capital trades, charges eat a disproportionate share of profits. A ₹2,000 intraday trade on a ₹50 stock (40 shares) has ₹20 brokerage on buy + ₹20 on sell = ₹40 in brokerage alone on a ₹2,000 trade — that's 2% before adding STT and other charges. The stock needs to move 3%+ just to break even. Minimum position sizes matter.
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rupiya.io is for research and education only. Calculations are estimates based on publicly available data. Not investment advice.