10.1 – Overview
While the topic on clearing and settlement is quite theoretical it is important to understand the mechanics behind it. As a trader or an investor, you need not actually worry about how the trades are cleared and settled as there are professional intermediaries to carry out this function seamlessly for you.
However, the lack of understanding of the clearing and settlement process could leave a void, and would not give a sense of completeness to the learning process. Hence, for this reason, we will explore what happens behind the scene from the time you buy a stock to the time it hits your DEMAT account.
We will keep this very practical with a clear emphasis on what you as a market participant should really know.
10.2 – What happens when you buy a stock?
Day 1 – The trade (T Day), Monday
Assume on 23rd June 2014 (Monday) you buy 100 shares of Reliance Industries at Rs.1,000/- per share. The total buy value is Rs.100,000/- (100 * 1000). The day you make the transaction is referred to as the trade date, represented as ‘T Day’.
By the end of trade day your broker will debit Rs.100,000/- and the applicable charges towards your purchase. Assuming the trade is executed through Zerodha, the applicable charges would be as follows:
| Sl No | Chargeable Item | Applicable Charges | Amount |
|---|---|---|---|
| 01 | Brokerage | Zero charges on Equity Delivery or 0.01% or Rs.20/- whichever is lower for intraday trades | Zero |
| 02 | Security Transaction Charges | 0.1% of the turnover | 100/- |
| 03 | Transaction Charges | 0.00325% of the turnover | 3.25/- |
| 04 | GST | 18% of Brokerage + Transaction charges | 0.585/- |
| 07 | SEBI Charges | Rs.10 per crore of transaction | 0.1/ |
| Total | 103.93/- | ||
So an amount of Rs.100,000/- plus Rs.103.93/- (which includes all the applicable charges) totaling Rs.100,103.93/- will be debited from your trading account the day you make the transaction. Do remember, the money goes out of your account but the stock has not come into your DEMAT account yet.
Also, on the same day, the broker generates a ‘contract note’ and sends you a copy of the same. A contract note is like a bill generated detailing every transaction you made. This is an important document which is worth saving for future reference. A contract note typically shows a break up of all transactions done during the day along with the trade reference number. It also shows the breakup of charges charged by the broker.
Day 2 – Trade Day + 1 (T+ day, Tuesday)
The day after you made the transaction is called the T+1 day. On T+1 day you can sell the stock that you purchased the previous day. If you do so, you are basically doing a quick trade called “Buy Today, Sell Tomorrow” (BTST) or “Acquire Today, Sell Tomorrow” (ATST). Remember the stock is not in your DEMAT account yet. Hence, there is a risk involved, and you could be in trouble for selling a stock that you don’t really own. This doesn’t mean, every time you do a BTST trade you end up in trouble, but it does once in a way especially when you trade B group and illiquid stocks. The reason why this happens is a little convoluted, and we deliberately will not touch this topic now.
If you are starting fresh in the markets, I would suggest you do not do BTST trades unless you understand the risk involved.
From your perspective, nothing happens on T+1 day. However, in the background, the money required to purchase the shares is collected by the exchange along with the exchange transaction charges and Security transaction tax.
Day 3 – Trade Day + 2 (T+2 day, Wednesday)
On day 3 or the T+2 day, around 11 AM shares are debited from the person who sold you the shares and credited to the brokerage with whom you are trading, who will in turn credit it to your DEMAT account by end of the day. Similarly, money which was debited from you is credited to the person who sold the shares.
The shares will now start reflecting in the DEMAT account indicating that you own 100 shares of Reliance.
So for all practical purposes, if you buy a share on day T Day, you can expect to receive the shares in your DEMAT account only by end of T+2 day. The shares are available for transaction on T+3day.
10.3 – What happens when you sell a stock?
The day you sell the stocks is again called the trade day, represented as ‘T Day’. The moment you sell the stock from your DEMAT account, the stock gets blocked. Before the T+2 day the blocked shares are given to the exchange. On T+2 day you would receive the funds from the sale which will be credited to your trading account after deduction of all applicable charges.
Key takeaways from this chapter
- The day you make a transaction, it is called the trade date, represented as ‘T Day’
- The broker is required to issue you a contract note for all the transactions carried out by end of T day
- When you buy a share, the same will be reflected in your DEMAT account by end of T+2 day
- All equity/stock settlements in India happen on a T+2 basis
- When you sell shares, the shares are blocked immediately and the sale proceeds credited again on T +2 day
In case of there is a bank/DP holiday on T+2 day, will the shares still shown under T1 holdings?
Yes. If there is a bank/DP holiday on T+2 day, the shares will still show up in the T1 holdings in day 1 and 2.
For example : If shares are bought on 8th November and 10th November is a settlement holiday, the shares will reflect in the T1 holdings on 9th and 10th November and the client can sell after the 13th November.
I have question if I sell one share after it got credited in Demat account. What are the charges I need to pay for it. Thanks.
Hi Vijay, there is no brokerage for the sell transaction. However you will have to have to pay DP charges of Rs.13.5/- irrespective of the quantity sold. I’d suggest you take a look at this – https://zerodha.com/charges.
When the DP charges are debited from the trading account?
When you sell shares from DP.
Hi Karthik,
I am confused about selling an instrument and settlement. Following is my understanding:
1. If we buy an equity today we can sell on the same day and it will be called intraday trade. In this trade the equity never actually hits the demat account but we only trade the price difference.
2. If we sell an equity on T+1 day, since buy orders are already sent to the exchange on T day-end, it is out of broker’s control and cannot be treated as intraday. Also, equities don’t hit demat on T+1 day and we sell equity that we don’t yet own resulting in shorting.
3. This will lead to two different trades in portfolio viz., T day long trade and T+1 day short trade.
4. If we sell equity on T+2 or beyond, we essentially sell the equity that we own in our demat.
5. Regarding our profits, all profits are available only on the next day of settlement except for intraday which is made available on the same day end. And our T+1 trade was not a settlement at all.
Kindly correct if I am wrong in above understanding. Now following are my questions:
A. Are these same rules applicable on futures/options also?
B. Are futures/options being just contracts can be bought and sold anytime i.e., intraday, T+1 and T+2 and beyond?
C. If they have different rules, please explain.
Thanks,
Sumit Kumar Pandit
1) Yes, this is correct
2) Yes, this is correct as well
3) This will be a BTST trade, suggest you read this – https://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
4) Yes, sell would be from DEMAT
5) Yes
A) The settlement is slightly different. I’d suggest you read the Futures module – https://zerodha.com/varsity/module/futures-trading/
B) Yes, these can be bought and sold anytime. Your holding period can be as small as 30 Seconds.
C) Please go through the module on derivatives.
Hi Karthik, thanks for curating such great and educative content @varsity. Could you please refer me to the Derivatives section where I could read all about CO and BO. I couldn’t find the derivatives module.
Glad you liked it, Prateek. We have divided the derivative across 3 modules –
1) Futures – https://zerodha.com/varsity/module/futures-trading/
2) Options Theory – https://zerodha.com/varsity/module/option-theory/
3) Option Stratergies – https://zerodha.com/varsity/module/option-strategies/
BO/CO is a part of the Futures module.
hello sir i am karan . i am not able to sell my stocks…i am trying to sell my stocks from over 1month but some other user ADMINSQF1 is buying it …whats that …..what should i do????
I’m a little confused. Can you please call our support and speak to our executive once? Thanks.
There is some problem with Zerodha.
Some person is handling my portfolio.
Even I faced similar problem ADMINSQF1 sold my shares.
I have not authorized him to do so.
Looks like you’ve used our intraday product MIS to take the position. All MIS positions are squared off after 3.20 PM.
Read more here
If i sell my shares on Thursday when i will able to transfer money in my bank account from Trading account?
Yes, you will be able to do that on Friday.
Why am i being charge BSE Charges every day 500.99
There is no such charge, Mohit. Which broker are you trading with? If its Zerodha, then all charges are mentioned here – https://zerodha.com/charges
You mentioned:- When you sell shares, the shares are blocked immediately and the sale proceeds credited again on T +2 day.
So how will it be credited on thursday.
Sorry, on friday.
Monday you sell the shares, the funds against this sale will be credited by Wednesday evening, you can place the withdrawal on Thursday.
The funds will be credited on T+2.
I want to ask one question I am using Zerodha So what happen in the case where I sold X company shares and amount is reflected immediately as free cash with same figure as -minus in margins and if I used this same amount shown in -margins for purchasing Y company shares do it deduct some charges for it apart from normal brokerage charges…???
All applicable charges will be deducted, Avinash. You should buffer for this before buying Y to avoid any -ve balance in your trading account. Check this to know about all the charges – https://zerodha.com/charges
I have the same question.
1) If I sell “Stock/Bond/InvIT/FMP X” for Rs 1000 today, and want to buy “Company Y” shares the same day for Rs 950, is it possible, or do I have to wait for T+2 after the sale before I can buy with the Rs 1000?
2) What if I have units worth Rs 1000 of Liquid Bees/ETF of Reliance/DSP? Do I have to sell the units before or after I buy “Company Y” stock? (I assume at least in this case I don’t need to wait for T+2 before buying)
Thanks in advance!
1) We provide you credit to the extent of the shares sold on the same day. So you can buy Y shares the same day. But do account for the applicable charges
2) Its the same, you get credit to the extent of sale. So you can buy shares of Y the same day.
I sold shares at 5000/- profit still my free cash and margin used are same
When will it get changed
The settlement is on a T+2 basis, but you will have the margins available on your dashboard. I’d suggest you call the support desk to check this once. Thanks.
Sir main 20/12/2018(Thursday) ko intraday me 185/- profit earned kiya but abhi tk profit hmare Demat account me nhi credit kiya gya hai.
Please check your ledger details on Console. Thanks.
If i am buying one share on MIS option and after buying rate is going down and wish to take delivery then how to retain that share and stop selling on market rate at the end of the day?
Ankit, you can do a simple position conversion here. Doing so the MIS position will be converted to a CNC buy and you can carry forward the position overnight.
How does the intraday buy and sell work in this case? Does it mean in case of intraday trading we are essentially selling the shares that are not with us?
Yes, that is the way it would work. But do remember intra day trades are squared off by 3:20PM.
Thank you Karthik
Still not getting the perfect answer.I have the same question in mind as asked.So, Can you please elaborate your answer?
Intraday trades are settled on the same day Manash.
if i buy share om friday ,what will be t+1 day and t+2 day??
T+1 is Monday and T+2 would be Tuesday.
On the same lines, I would like to know, what exactly is T1 and T2 in relation to any newly bought shares?
The day you buy the shares, that day is referred to as ‘T’ day. Next day is T1, next to next is T2. So shares bought on T gets delivered to your DEMAT on T2.
Okay, just to clear up. so the sign disappears from beside the scrip, when it actually sits in my DEMAT, right?
Thanks Karthik Sir.
Yup, you will no longer see T1.
मेरा सवाल है की…..क्या सोमवार को share खरीद ने के बाद तुरंत अगले दिन उसको sell कर सकते है क्या ? क्या हर share के बारे मे हम ऐसा कर सकते है ?
Amrut – my bad, I’m not good at reading Hindi. Request you to kindly translate that to English.
Can buy now and pay latter (t+2) ,if i have many stocks already in dmat ,available in zerodha or we have to transfer money first to account than buy .
As of now, you will have to transfer money and buy only to the extent of what you have. Thanks.
Kartik the english translation for the same is “can i buy the shares on monday and sell it on the next day and can I do this for all the shares”
Yes, you can. This is called Buy Today, Sell Tomorrow or BTST. More on this here – https://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
if i by share in CNC and sell on same day ,which brokerage i have to pay intraday or delivery ?
Intraday.
Can I buy and sell stock on NSE and BSE respectively. Purchased under CNC and want to sell on the same day
Yup, you can.
Hello Sir,
I do intraday and CNC same day trading for GMR, i see profit credited and shown only for intraday and not for CNC, how CAC settlement is done and duration required for the same?
CNC is cash and carry, the profits that you see are paper profits, which is not realised. Hence there is no credit. However, the profits for intraday is realized hence credited at the end of day.
Hi Karthik,
I bought 80 SBI shares yesterday for 252 and sold all the 80 today for 254. Again I bought 80 shares for 252 today. But my open position is showing my Qty as 0 and in my holdings it is showing yesterday’s price for all the 80 shares. Anything wrong ?
Nothing really wrong. You sold 80 from yesterday which will say -80 and you bought 80 today which kind of offsets the position and therefore you see Qty as 0.
You will get it the next day.
If i buy cnc and sell the same day as cnc can i become a victim of short selling. Is there any risk in that
No, this is a simple intraday trade. Nothing to worry about.
Hi
If i buy cnc today and sell next day. Is there any risk in that after sell still it’s showing in holding’s.
Do check this, Chandan – https://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
Are DP charges applicable to intraday
No, its not.
How to transfer money from bank to trading account and vice versa?
You can do this by clicking on the ‘Fund Transfer’ option. Through this you can bring money into your trading account or take money out of your trading account (back to your bank account).
Sir, if i buy reliance for 10000/- at 10 am as MIS and sell at 10:30 AM when my money credit to my trading a/c. Immediately or on t+2 day.
BeCause i want to invest 10k immediately on other stock.
You will get the credit by EOD.
Hello, I wen thru several comments on this page and am really confused about this question. Yours answer on this question here seems to contradict with several other questions on this page.
This is what i understand. Let me know if I am correct for intraday trading.
If i buy some 10 shares for price 100 each, then 10*100 is debited in my trading account. Then after 2 hours, I sell the 5 shares for price 110.
1. How much money be credited to my acc instantly?
2. How much money be credited to my acc EOD?
If you have done this trade using MIS as the product code then even the other 5 shares that you didn’t sell will be squared off. If you have bought the 10 share as CNC, then 5 shares will goto delivery and the other 5 will be squared off when you sold them @ 105.
1) You get a credit of 525 against the sale of 5 shares @ 105
2) You will be debited 5*100 from the purchase so 500
EOD you will have 505 minus all the applicable charges.
And the payment from selling the 5 shares at 110 will come by EOD of T+ 2?
Am i correct?
You will get the credit for the sale right away, which you can use for other transactions.
thanks for elaborating trading process. please clarify whether one can sale a stock today in the market and purchase the same in other day? if yes, what will be the process?
Shorting in cash market has to be done intraday – the reasons for this is explained here – http://zerodha.com/varsity/chapter/shorting/
Also, if you want to short the stock over multiple days in cash market you will have to opt for the Securities lending and Borrowing scheme, more on that here – http://zerodha.com/varsity/chapter/shorting/
What if i sell & stock reached its upper limit where square off didn’t take place ?
Under such a circumstance, you will have to face the short delivery auction.
Hi sir
I want to know.. For how many days I can keep the shares in my account which I buy on CNc. Trading
You can keep them for however long you can.
what will happen if i buy the stock as MIS at 10:AM and after that i can not sell this stock because there is no buyer for that in market . how will this trade will be squared off?.
In such a situation MIS square off cant happen, hence the stock will come to your DEMAT account.
What if i hold 100 shares of xyz co @ 100 rs. from over a month. Then i sell it all one day at 110 and buy the same quantity again at 105 the same day.
1) Will i get profit of 5 rs. here?
2) what will be my price of purchase. 100 or 105?
1) Yes
2) 105
Karthik,
In this case will 105*100=10500 Rs be deducted from his account as if he is doing a fresh purchase or only a margin will be used and the actual amount will not be deducted.
I’m assuming he is doing a delivery trade, if yes, 105*100 will be deducted.
Can you explain BTST in more detail?
Here is a link from Z-Connect which discusses this topic – http://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
I want sell shares which I bought as CNC but I want to sell then before delivery i.e. T1 or T2 day then while selling should I select MIS? And when will the money will be available for further trading by such selling?
If you have bought it as CNC you have to sell it as CNC. In fact for all delivery trades the product type is CNC. The money will be credited to your trading account by end of day.
Does this mean if I sell the shares as T1 or T2 holding, then the amount of sale doesn’t available immediately in trading account for further trades ?
The funds would be available. However, selling on T1 could be tricky.
Can you explain why selling on T1 could be tricky?
Check this – https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse
If i have 10k and i am trading intrday, so is it like i can execute only one trade? because the proceeds from my first transaction will be credited only by the end of the day.
You can choose to split your 10K across few trades…and based on the net P&L the money will either be debited or credited to your trading account by EOD.
So the brokerage and taxes are to be subtracted from net p&l or the net p&l is given after subtracting the charges.. Also how does realised profit differ from net p&l
No, brokerage and taxes are deducted first, what is left after that makes up your P&L. Advantage of trading with Zerodha is that our brokerage is the lowest in the industry – 0 for equity, 20 for intraday. So your P&L tends to be higher while trading with us.
hi Karthik,
I am beginner to trading and for past 2 days I have been doing intra day trading. I had funds of 5k in my account.
1. on day 1. I had profit of 218. so under ‘position’ tab, I could see P&L as 218. and on dashboard I could see used margin as “-218”
next day when I logged in to check my balance I could see my balance reduced to 4939 (margin available) instead of (5k + 218 profit).
can you please explain me how can I check where my money profit went? which are all the factors I should check?
2. Also I received a contract by mail in which I could see (Amount receivable by client/payable by client : 49.64).
What does this mean ? It will be paid to me or it will be deducted from my account and why?
Amey, Login to Q-Backoffice and check your P&L statement under Reports. This should help you understand the brokerage and taxes that would have been charged for your trades.
You can go through the List of Charges.
Contact the support team for more account specific information
Also i have read somewhere that ZERODHA provides same day settlement on NSE. Can you put some light on the same day settlement process and Its Funds Debit and Credit Timings?
Yes, like I said the settlement for all your intraday trades will happen EOD.
This Means Whenever i buy intraday the funds will not be debited Instantly Right?
Also, If i choose to buy CNC will the same happen? if yes then can i buy shares worth more than the amount in my trading A/c?
The funds will be blocked against your trade…in fact without sufficient amount the order will not go through at all. This also means you can never buy shares for more amount than what is there on CNC…however this is possible with intraday margins.
1.does brokerage charges vary for cnc,mis,NRML?
2.is it mandatory to sell next day in BTST?
3.what’s EOD which you’ve been mentioning?
1) I can speak on behalf of other brokers, but at least with Zerodha the brokerage is flat across all product types.
2) It is not mandatory to sell it next day as the trade will result in a regular delivery trade.
3) EOD is End of Day.
Trader: Intraday Trader
Selected type : MIS / BO / CO
Stock Price :XYZ @ 70
Amount in Trading ac: Rs. 50,000
If I want to buy the 100 share of xyz @70 at 11 am, then amount debited from my trading ac will be Rs.7000 instantly (Bal on trading ac will show Rs.43000).
At 11.30 am on the same day, if I sell 100 shares of xyz @ 71, then the amount Rs 7100 will be credited to my trading ac on EOD?. If so, would I be left with balance Rs. 43000 to commence my next trade?.
I hope this will not be the case. Please clarify.
The moment you place a trade the applicable amount will be blocked by RMS and the balance amount will be free. You can choose what to do with it. Also once you square off the order, the amount will be credited to you account end of day.
Yes I understand the profit I make will be credited to my trading account end of day to make pay out to my bank account. But I want to know whether the amount blocked by RMS ( I’m not sure what is RMS, glad if you explain this!!) will be released instantly once I got out of that intraday position within few minutes, so that I can trade with full amount again??
No, the profit you make will be released to you moment you close the trade completely…and not end of day. However the amount blocked by RMS will be released almost instantly and you are free to take the next trade.
RMS = Risk Management Software which takes care of margins and other risk management activities. You may read this for better clarity – http://zerodha.com/varsity/chapter/margin-m2m/…however if you are new to markets I would suggest you go finish the basic module first and move sequentially.
Thank you Karthik.
I really appreciate your effort to make it easy for everyone to understand about capital market. Its not easier for anyone to create such an education module and your way of interacting through comments section is where we could see your dedication on this 🙂
Hope Zerodha will bring many initiatives like this in future as well…
Thanks for the kind words and encouragement, means a lot to us at Zerodha 🙂
However. this contradicts with your reply made to Vamsi on 7th march. 15. Over there you said the the amt is credited EOD.
Please check the response.
Hi, I am new to stock market, I have following doubts
If I want to short sell on intraday basis,
1. do share borrowing fees apply? (My understading is we dont borrow shares for intraday trading)
2. What are the leverages applicable? Are they same as when we buy?
Thanks
For shorting intraday there is no borrowing fees applicable. For long and short trades the leverage is similar.
Appears to be a case of missing brackets – In the table in section 10.2, across Sl.No:04 , the applicable charges should read as: 12% of (brokerage + transaction charges).
Security Transaction charges are they applicable to intra-day transactions ??
Yup. Check this – https://zerodha.com/brokerage-calculator
I am a new client of Zerodha and totally new to Intra Day Trading. Using your Zerodha Varsitiy materials, I am trying to learn Intra Day trading. How will I know whether I have understood the concept and traded correctly, at the end of the day.
If you are confident about your trades, then you know enough 🙂
Hi All,
If i have done the Buy and Sell of a Stock on Equity Segment, then can i withdraw the funds on same day of evening irrespective of “CNC” or “MIS” ?
Yes, as long as your trade is intraday your funds can be withdrawn by eod.
Hey,
I think this has been answered but I’m not sure if I understood it right, so my question is:
If I had 10k, would I be able to simultaneously place a buy and sell intra day limit order having only 10k?
I.e, as long as I have the net amount in my account at the end of the day, is that enough?
You can buy for 10K and once you bought this you can certainly sell whatever you own. To place the order simultaneously you need to choose a BO order.
if I buy a stock of ₹20 for intra day, how much brokerage I have to pay?
20*0.0001=0.002rs
does I have to pay 1p?
Rs.20/- or 0.01% whichever is lower. You could also use our brokerage calculator – https://zerodha.com/brokerage-calculator
In the above example, 100*1000 = 100000, so the brokerage(100000*0.0001 = 10Rs) should be Rs10 only then why its charged as 20.
If you are talking about Zerodha then all delivery based brokerages are now free! Check this – http://zerodha.com/z-connect/zerodha/bulletin-latest-at-zerodha/zerodha-going-zero-brokerage
still yet to understand the Zero brokerage concept on Delivery trades as i believe brokerage is deducting while buying.
No, not true. We do not charge any brokerage for delivery based trades. If you think there is a brokerage charge, I’d request you to write to [email protected] along with the contract note attached.
It is given as 100126.32 for buying shares worth 100000 ,ie Rs 126.32 additional.What about the extra charges when you sell that?Is it same as on buying?
Sreechand – you should check this for all charges applicable when you trade https://zerodha.com/brokerage-calculator
Hi Kartik,
Suppose I am starting intraday trading with 10k.
1) I bought shares for 100k using margin and sold the same after half an hour for 105k (I got very lucky :P)
Now, I have already used up the 10x leverage on my capital. Will I be able to do more trades on the same day? Or do I need to wait for the settlement EOD and can only trade next day?
Thanks,
Vishnu
Once you square off your trade your margins are unblocked and you can do another trade!
Great! I started trading with Zerodha today 🙂
I executed 2 short trades on 2 different scripts. Both the orders were executed. But, later when I tried to square off my order got rejected with a message that I don’t have enough margin. Both the orders got squared off automatically at 3.20 and I made losses 🙁
Why was my order got rejected then? I have been trading with another full time broker and never faced such an issue.
You should not have got this message especially since you are squaring off the trade. I would suggest you speak to someone from support – +91 80 40402020.
This scenario can arise when unequal margins are used for shorting and buyback. For example shorting with cover order and buyback with limit order may cause this problem since the leverage for both case is different.
Since BO/CO are intraday orders, margins are different.
Just for the knowledge and information of other people. Sometimes this may happen due to machine error. It so happens that order may seem stuck and trader places another trade which shows confirmed. In this case opposite trade gets placed.
For example a short trade is placed and when trader tries to square off, two orders gets placed. First one is square off and second is a buy order and thus margins gets blocked and it may effect the whole trading process.
Although above may not be exact thing that happened above but if an order seems stuck one should check with admin position window for open positions and order window for confirmation of placed and executed orders. one should also place square-off orders from admin-position window and confirm with order window before trying to square off again. As this will create a fresh buy position as discussed above.
Hope it helps.
Also, check your contract notes and you will see what exactly happened.
Very true Bhaskar. I could not imagine this scenario 🙂
what is meant by settlement value for 2015216 or 1516154, how could we know for which share settlement is this no represents ? here we could not make out the exact meaning of pending or holding shares , please make us easier to know this
Settlement Value = This is the Rupee value. For example if the settlement value is 2015216, it is Rs.2,015,216.0
Pending shares = If you have placed an order to buy 100 shares out of which you have both 30, the 70 will be pending shares
Holding shares = These are the shares present in you DEMAT account.
Please Explain this charges in detail
06/11/2017 EQ Settlement Value for 2017210 ₹174.76 0.0 ₹-174.76
Suggest you call the support for this, Vikas.
Shares bought on T day will not be reflected in T1 holdings or in DP holdings on T+2 day. And these shares will not be available for sale on that day…….. hope you will be able to fix that sometime.. 😀
Are you specifically referring to the settlement holiday?
HI,
I am equity trader.
Suppose 1-1-2015 monday i bought one share at 100 rupee, after buying in few minute shares goes up 200 now what amount i have to pay ??
whether it is 100 rs or 200 rs if i am playing equity
Rs.200/-
I dont understand. Why 200 and not 100 ?
didn’t get this .
Share price is 200, you pay 200!
hi if i buy 100 shares from xyz [email protected] rs on delivery basis. my shares increase then sell my shares 12:00 clock. will i get whole money in my account same day?
If its on delivery basis then you will not get it. However if its on a intraday basis then you do get the profits on the same day.
If I own a demat account, should I must do intraday? is it cumpolsary to sell the shares I bought on the very same day before 3pm, if it is intraday?
No, there is no compulsion for you to sell the shares the same day. You can choose to hold it for as long as you wish in your DEMAT account.
When is the 14 rs for DP charges incurred for Equity delivery (only during the sell trade?) .
Does this go from the trading account or from the profit ? If sold at a loss what happens then ?
Why is it not reflected in Brokerage calculator as it should be standard charge (or does it vary time to time ?)
Yes, you’re right about this. Rs. 14 is charged only when you sell from your DP. The Rs. 14 is broken down as (Rs. 8 Zerodha, Rs. 5.5 CDSL and the rest as tax). All charges are debited directly from your trading account after T+2 settlement.
The reason it’s not included in the brokerage calculator is because it is charged per scrip, not per trade. We have this information displayed on our detailed charge list available here: http://www.zerodha.com/charge-list
Thanks HANAN
But since I m new to trading , i would like to clarify the charges incurred for the following
I buy 100 shares of X company (CNC) at ten different transactions/days(i.e each day i buy 10 shares for 10 days)
Later say after 6 months, I sell 100 shares in single transaction .
How much would i pay as DP charges?
I put 5000 in zerodha to trade.used 3177.25 for trading (profit,loss, holding, brokerages everything included)but remaining account value and margin available shows only 1741.34.where is the remaining 81.41 RS.can anybody give an explanation for this? Do Zerodha charge for providing leverage.even then I have done small trades only,not used leverage.the only other thing I have done is converted position from intraday to CNC. And I think DP charges is applicable only when a I sell from demat account.explain please..
Request you to please get in touch with our support for this, thanks.
You’d pay only Rs. 14 as your DP charges because you’re selling them on one day. If you sold these on two different days, you’d be paying DP charges for two different days.
If you sold two different scrips on the same day, you’d pay Rs. 14 x 2 (scrips) as your DP charges.
If I sell 50 shares in the morning and 50 shares in the afternoon of the same company, what wud be the DP charges deducted. Is it 14 or 28?
Since it’s charged on per scrip basis, it would be 14.
Why does it take two days to complete the whole transaction?
The transaction is completely electronical and hence it can happen in a few seconds. So, there must be a reason why our exchanges follow the T+2 format. What are the benefits of the system that we follow?
All trades are cleared at a broker level by end of day, and the broker assigns this to the end client. Besides there is another process of debiting/crediting the DP account at CDSL or NSDL..also its not just the exchanges involved – exchanges, DP, clearing houses, brokers etc. Hence some delay!
I think it would be a very useful feature if we like and dislike comments. This would help good questions to be visible at the top and would also give people good questions to think about. This would also prevent users to ask the same questions. An option to sort the comments would also be great.
Correct. people now a days hate reading , at least the same repetitive as its boring so make something new or categorize the importance at star/top and the rest at bottom so people wont waste their time reading the same thing again and again and you can also direct them to correct page or give the answer in one shot to the all repetitive questions.
What is I sell share on T+1 and T+2 day, does DP Charges (Rs. 15 per script) is applicable?
Whenever shares are sold from your DP, the charges are applicable.
But on T1 and T2 day,will those shares be reflected in the DP account?
It will be credited to your account by EOD T2.
if suppose i buy one xyz company share in intraday can i cell it on nest day?
You can do a BTST trade if the scrip is permitted for BTST, otherwise you cannot.
Is there any message support from Zerodha, for intraday traders while market is open? And another question is I am an engineer working at one company so in day I will not able to trade in intraday with fully concentration , so is there any market is open in night so I can trade in that ?
If you are referring to intraday tips etc, no we do not have one. Although this is something that you maybe interested in – http://opentrade.in/
For trading during the nights, you should check out the Commodities market.
The opentarde is stopped now from 25th April 18. please suggest some other options, if any.
Hi Karthik,
1. How to do I execute the order of short deliver trading (“CNC”?!!!) based on SLBS (Securities Lending and Borrowing Scheme) and what is the charges levies for this?
2. I know that, we can convert the product type “MIS” to CNC. Then, could I convert to “CNC” to “MIS” also?
3. If the opportunity arise after my execution of the stock in “CNC” product type. Then, I keen to sell and book the profit. In this case, I put sell order as “CNC” otherwise convert my buy order to “MIS” and then put sell order as “MIS”.
4. If I’ve Rs.22,560 in my trading account balance. I’ve buy the xyz stock @Rs.96 quantity of 120
(96*120 = (Margin Used) Rs.11,520 [Free Cash Balance = Rs.11,040]) in “CNC” product type at Monday (29/02/2016 10:50 AM). Then, I’ve sell the xyz stock @120 quantity of 120 (120*120 = (Margin Used) Rs.14,400 [Free Cash Balance = Rs.11,040]) at Thursday after deliver (03/03/2016 12:25 PM). Then, Could I use the actual capital of buying stock amount Rs.11,520 (except profit Rs.2,880) for another trade on the same day after sell the stock in few minutes/seconds.
[I think, the profit amount Rs.2,880 use only after credit my trade account (T+2 Days). Am i right?]
And Because, I read on z-connect in margin policy article. The below statement is shown on there.
“This credit is available for you to trade intraday, but there might be a short margin penalty applicable if you carry forward positions using this non-realized profit.”
Short margin penalty applicable on carry forward positions means. I use the Rs.11,520 for intraday only or another “CNC” trade also I use the amount on before the amount credit to my trading account.
5. I understand below thing. When, I notice the point on the Q-Back office. The first one is Available Balance & Withdrawal Balance.
(i) Available Balance is shown as instantly if I sell or square off the Stock/F&O contract.
(ii) Withdrawal Balance is only updated based on T+1 (MIS/NRML) or T+2 (CNC). it’s depend upon the product type.
The above statement is correct. Please clarify my doubts.
Thanks in advance karthik.
1) All about SLBS – http://www.nseindia.com/products/content/equities/slbs/slbs.htm
2) Yes you can
3) If you have bought as CNC, sell it as CNC – as long as its done intraday, no need to worry about it
4) Yes, as soon as you sell, the entire sell value (including your profits) can be used to trading immediately. You will get this margin benefit right away. However I would suggest you cross check with our support executives once.
5) For queries related to Q – you need to contact ours support executive.
Hi karthick,
I’ve one query about the highlighted red box on the pi chart in below shown image. What is the means of the followings?
(i) Normal Market Close End
(ii) Spot Market Close
(iii) Call Auction 1 Market Close
(iv) Auction Market Close
(v) Call Auction 2 Market Close
(vi) OddLot Market Close
And in MCX also the followings:
(i) Normal Market Close
(ii) Special Market Close
(iii) Auction Buy In Market Close
(iv) Acution Sell Out Market Close
(v) Trading Buy In Market Close
(vi) Trading Sell Out Market Close
Then, CDS,NFO, BFO, BSE also contain the slightly different names.
What’s the actual use and means? Please clarify my doubts.
Saravana – can you please call our support executives for queries related to Pi?
Hi Karthik,
One more small doubt. The dividend amount is credited at which account? Trading account or Bank Account?
Thanks in advance.
Bank account.
If suppose xyz companies share price gets down and I purchased it and want to sell it T-2 day, but on T-1 day it’s rates are gets high can I sell it ?
If the stock is allowed for BTST you can sell it the next day otherwise you cannot.I would suggest you read this before attempting BTST – http://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
I purchased 100 share on Monday, on Wednesday(T+2) morning i saw shares in my T1 holding. i sold them. But zerodha charged me DP charges. I need clarification on this, why they charges me.
Thats because the shares will hit your Demat on T+2 and further it gets debited from your DEMAT account. Hence DP charges are applicable.
Why is the brokerage not rs.0 shown in the figure when you buy a lot or iis the intraday brokerage?
We made the brokerage zero much after writing this chapter. I’d suggest you refer to this for the latest information – https://zerodha.com/charge-list
What is retention of funds and securities statement. Assume I subscribe to an OFS while having no funds in my trading account, the shares are allotted to me, however I haven’t brought the funds yet in my account? What will happen in this scenario?
Rention statement is explained here – http://tradingqna.com/1760/what-is-retention-statement
You need to have funds beforehand, else you wont be able to participate in OFS.
I am purchasing X shares of a company today morning say for short term but thought of selling all X today only before market closes. How will be the money transaction. If i am earning a profit of say Y, will it be credited to my account on same day or it will require T +2 Days. Like this can i do multiple trades in a day? While purchasing share i am not choosing intraday option for which i have to square of before market closure.
Yes, you can do this as long as the stock is allowed for intraday trading. Yes you can do as many trades as you wish. I’d suggest you keep ‘MIS’ as your default option while trading intraday.
I have bought a share on 24/05 after 3 days I see its sold out. But I didn’t sell it. Why is this happened?
Did you sell using ‘CNC’ as your product type?
I didn’t sell.
Suggest you speak to the support for this.
I don’t understand why there is T+2 time for settlement. It’s just a electronic transfer no real work is required.
What’s the risk in case of BTST, I would like to carry out these trades, previously I thought it’s not possible.
Some of the process happen on the EOD basis, which takes time. Hence T+2.
What about BTST trades what’s the risk factor in them as you mentioned?
There is always risk of auction in BTST, check this – http://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
Just one small doubt, since shares are added to my account on T + 2 day, why have you mentioned that I can sell only on T + 3 day?
What if I wish to square off on T + 2 day?
you didnt mention how settlement is cleared in intraday. while trading i earned Rs.75. But EOD, Rs. 133 is deducted from my account. please explain
Intra day settlement is quite straightforward. Suppose you buy 200 shares at 50 and sell the same at 52, then you make 2*200 = 400. Out of this you deduct brokerage and other charges and the balance is what you take home. You can use Zerodha’s brokerage calculator to get the exact breakdown of charges – https://zerodha.com/brokerage-calculator
By the way, Which broker are you trading with ?
I buy 100 shares on CNC at one transactions, the same day sell 100 shares (square off) executed different transactions , how much brokerage charge will come?
You can use this if you are trading with Zerodha – https://zerodha.com/brokerage-calculator
what if i have 10000 rupees and have purchased 110 shares of reliance using the leverage option and have not sold the shares though i was in profit at EOD
Then it will be automatically squared off by your broker.
sir I am beggginer I had transferred 1500 in my account it showed 1500 total and cash value….after that I purchased and sold shares i didn’t sell any share in loss….now it showing margin value 1400 free cash 1473 , total value 42 and margin used – 1435 sir i want to know why did it happen and why fund didn’t transfer in my total value…..plz help
Suggest you call/write to our support for this query.
HI,
My question is , If I buy share as CNC, my ideal point to sell it is –
– On same day (then it will be considered intraday? MIS?)
-or, if didnt sell on same day, then only after T+2. i.e T+3 ??
Am i right ? Ideally, a share holded till end of day should be carried forward for two more days until u can sell.?
Yes, you are. Its best you use CNC when you intend to buy shares and hold the same for delivery. For inraday you should be looking at MIS.
You said it usually takes T+3 days to get stocks reflected into the demat account. Do we get any notification or email when we get stocks into the demat account. Or is there any way to check stocks in the demat account?
You get a notification on the day of the trade, but not when the shares hit your demat account. Best way is to check your account on T+3.
Hi Karthik
I had transferred Rs 10,000 from my bank to Trading account. However the funds in pi show Rs 9989/-. What is Rs 11 charged for?
I havent placed any trade yet.
Fund transfer charges. Check our charge list – https://zerodha.com/charges
Sir, Please let me know whether fund transfer from bank account to trading account or from trading account to bank account are chargeable by all the brokers or by Zerodha only.
The charges are applicable by banks/payment gateways and not really by brokers.
Hi Kartik
I’m confused about the EOD payment
Suppose I have 5000rs in my account. I buy shares worth 1000rs (MIS) at 10.00, and sell them at 1100rs at 10.30
so after selling, for the remaining of the day, will I have 4000rs remaining to trade with, or 5100?
5100.
Thank you.
I made intraday profits. But that profit amount is excluded from withdrawable balance. Why is it so?
Can you try this at EOD?
In the case suppose i short the stocks in intra day and no one buy in the end of the day . ,what would be happen then??
Your stocks would be auctioned, check this – http://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse
is it rule that u will only get share after t+2 day suppose if shares are available (like in intra day ) cant i get share in trading day ? or t+1 day??
Gautam, that is the settlement timeline for delivery trades 🙂
hi sir,
i bought 15 share of comapny x in CNC at 100rs and sold at 106rs after 1 hour.Again the price of x came to 98 after 1hour and again i bought 15 shares at 98 on the same day in CNC .But in my holdings it shown as i bought them at 100rs.can you please explain sir?
Not sure, it should be 98. Will get back to you on this. Thanks.
If I am holding 10 stocks of Infy on T+1 day and if I decide to buy and sell the stocks 3-4 times on that day(due to lack of margin to buy a fresh lot to trade) to profit from price volatility(ensuring that I buy back all 10 shares before end of day), do I run a risk of BTST auction?
No, cause you would have bought the 10 stocks the previous day on CNC basis and on T+1 you would most probably doing MIS/BO/CO.
I bought Mandhana industries shares.After that demerge hsppened.I got message from zerodha that shares are credit.where can i see those shares?
Check your holdings statement in your back office, please.
In the backoffice i cannot able to see those shares.But i got sms only.
Suggest you speak/email our support team. Thanks.
Hi Karthik,
I have a clarification, which i require from your end. I recently sold some shares of a company which had announced a bonus issue on the ex-date. Does zerodha debit my DP account on the same day, and transfer to a pool account, before giving settlement. If so this would deprive me from credit of bonus shares shares.
I have come to this conclusion after a detailed discussion with the Registrar and Company Secretary at the said company. And the CS has suggested that some brokers do follow this procedure.
Below is an excerpt of my conversation
“Some brokers have the tendency to debit the account on same day (Ex -date) and kept the share in their poll account and transfer later on to the buyer.”
Your inputs in this regard would be highly appreciated.
Thanks and Regards
Prasanna
sir, taking this situation i had a holding of 100 shares of x which i feel will be going down so i short it at let price 50 and again brought on same day at 45, so in this case brokerage will be based on intraday or delivery ? and at eod will the shares again comes in my holding or it will show T:100?
Really depends on which product type you have traded in. If you doing intraday, its best you stick to MIS, especially in cases where you have the same share in DEMAT.
Sir, I have 50 shares of unitech ltd.. I try to sell the shares.. But still it not reduced from my holdings.. Its been more than 20 days…. My holdings still have 50 shares and my fund is also not credited.. I m new to share market.. I don’t know what to do.. Pls help me..
Are you sure you are selling from CNC? I’d suggest you speak to the support executive soon.
Where can i see the db charges in statement? i’m using kite and q.zerodha.com
Check the ledger entries in Q.
can i sell share on t+2 day?
Yes, you can.
Hi Sir,
If I have purchased share on ex -bonus date like 30th Dec 2016 and record date is 02nd January 2017. Then, am I eligible for get bonus share??
Please explain….
No, you would not. To be eligible for bonus shares, you need to be shareholder before the record date.Check this chapter for more clarity – http://zerodha.com/varsity/chapter/five-corporate-actions-and-its-impact-on-stock-prices/
If I buy shares under CNC mode & sell on the same day then for calculating profit which brokerage calculator applies
Intraday margin!
What happens when no body is willing to sell shares and company has already issued max. shares….Then how can we get shares
I want to know the details of day bill
If we make an intraday trade how long will it take for the money to hit our trading account. Or does it have the same procedure as T+2 or does the money gets credited on the same day as the intraday trade
P&L for your intraday trades are credited/debited by end of day.
Hi, is there any limits on how many trades i can do per day for both intraday & delivery.
No, there is no such limit.
HII please explain about stt charges..i had a delivery trade in city united bank for buy 14500 and sell 14800 total turnover is 29300 and they charged stt 60 it was a btst trade.the charges should be 29.3 bbut it got charged rupees 660..i am new to the trade and this much charge please explain
Check the description here – https://zerodha.com/charges
I have just one doubt,if I buy shares on CNC and on the same day I sell them,will I have to pay for the DP charges?
No, DP charges are applicable when the shares are debited from your DEMAT account. Since its an intraday order, the shares will never hit your demat, hence no DP charges.
If I sell equity stocks today, when can I transfer the funds to my bank?
The very next day…i.e T+2 ….sometime during noon on T+2, it will show up as clear balance and you can place a withdrawal request.We will process the request the same day and the funds will hit your account the next day..i.e on T+3 morning.
HI, I’m new to Zerodha. I did few intraday trades(MIS) today. Now end of the day profit earned is shown in ‘margin used’ as negative value. My total account value is not reflected with my profit. Why??
The right value will be updated by EOD.
please answer my query
Naveen, I think you are placing your query in the wrong field. Anyway, if you sell the shares today, you can use the funds the same day for further purchases.
I was having 53 shares in my Zerodha account for around 20 days,
I sold all 53 shares & then bought same 57 shares on same day
Yesterday it was showing 57 shares holdings but today m able to see only 4 shares in my Zerodha account.
Why this is so??
can you please refresh your browser and check again? If you notice less shares, please get in touch with our support executives for clarification.
Suppose I bought shares today. You have already charged as shown in table. If sell the shares a month after will there be any charge then?
Yes, the charges are as shown here – https://zerodha.com/charges
dear sir
1. what will happen if i did not do square off on the same .
2. Does i have to pay more money to get re diff from this situation
3. Does zerodha have auto square off option .
4. Does next day stock comes into my demat account , if i did not square off the stock same day .
1) Depends on the context – if you are talking about F&O, then it will be sq off by exchange on expiry day
2) No
3) Intraday MIS orders are squared off by us
4) It will proceed to hit your DEMAT account
what about the day traders who buy and sell the shares in a single day, according to u they wont be able to sell shares before T+2 day.
Intraday trades are settled in cash at the end of day. If you intend to take delivery of shares, then one has to wait for T+2 days.
thanks karthik
Welcome!
What is the advantage of demat account over trading account.
Also let me know if I hold shares without demat account , is there any additional charges.
Please explain DP Charges
A DEMAT account is like a bank account. Just like how a bank account holds your cash, the DEMAT account holds your shares (in digital format). In order to buy the shares in your DEMAT account, you will need a trading account.
DP charges are similar to bank charges. The rates are as below –
Rs 8 (Zerodha) plus Rs. 5.5 (CDSL) (applicable only when you are selling your Delivery position after having held for more than two days). (Market rates are usually between Rs 12 to Rs 25) STT, Service Tax, NSE Turnover and Transaction Charges, SEBI charges are all as applicable market-wide.
demat account balance =10k
can i buy the shares worth 10k , sell them for 11k and again buy other shares worth 11k on the same day ? is it possible ? it should not be possible as it takes t+2 for delivery .so we will be needing an account balance of 21k for doing the total mentioned trade…..please correct me if i am wrong
It is possible. You need not have 21k.
Also consider brokerage and taxes.
thanks for the reply…for calculation sake i ignored brokerage and taxes…can you please explain in detail how is it possible??
Yes, it is possible. You can sell your shares and at the same day use the proceeds of the trade to transact something else.
Does stock settle in our demat account in intraday trade?
No, it happens on T+2 basis.
Does it mean there will be no record of intraday trade in our demat account?
Yup, intraday trades are settled during the day, does not effect anything else.
What will happen if i do BTSL Trade?
Check this – http://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
Sir,
I do only CASH buy and SELL….for the time being
NOW…assuming that I have no money in by BALANCE….
I sell shares worth Rs 1,00,000 ( Rs one lakh ) from my holdings.( after T3 )
I can see that INSTANTLY on completion of SALE….Rs one lakh.. starts showing in my ACCOUNT BALANCE.
My question is.. .if I Immediately buy SOME OTHER SHARES….worth about Rs one lakh including statutary charges.
Then…is there any CHARGES.. which will be applicable by zerodha ..to use this Rs one lakh
Sinxe I understand that. YOU as a broker will get this SALE PROCEEDS.. ..only after T2 days.
please explain the charges if applicable.
Also, please share any link where this point is discussed
I do not have ANY PLEDGED SHARES.
thanking you
tushar mody
Ideally if you have 1lakh in your account, you should buy shares for an amount slightly lesser than for 1L. For example for say 99,875 and buffer some money for other STT and other charges. These charges wont be more than 110 if you are trading with us. Remember, Zerodha does not charge you a brokerage for EQ deliver trades. You can use our brokerage calculator to know the exact charges- https://zerodha.com/brokerage-calculator
THANK YOU KARTHIK SIR, for your PROMPT REPLY
BUT….MY QUESTION still remains unanswered
sir,
I was asking that on SALE OF Rs ONE LAKH WORTH SHARES from my HOLDINGS ( T 3 ).
I SEE that INSTANTLY Rs ONE LAKH STARTS SHOWING IN MY ACCOUNT BALANCE.
So…if I START USING THESE FUNDS TO BUY SOME OTHER SHARES WORTH ONE LAKH RUPEES .
THEN………”” BESIDES YOUR BROKERAGE “”………is there……”” ANY OTHER CHARGES “” to use these FUNDS instantly.
BECAUSE…I UNDERSTAND THAT ZERODHA will get THESE FUNDS FROM EXCHANGE…..only on…..T 2.day.
please clarify …so that I can go ahead FULL STEAM doing the TRADING
thanking you,
TUSHAR MODY
Yes Tushar, you can purchase for the amount you sold. My previous reply still holds good.
Sir,I want to know that if I buy any share in cnc and sell same day after increase in price then when will profit reflect in my account?
Yes, it will. Use this calculator to get an estimate of how much you will profit – https://zerodha.com/brokerage-calculator
KARTHIK SIR,
BROKERAGE means ALL…..( STT /CTT + TTC + SEBI + STAMP DUTY + SERVICE TAX + SWACHCH BHARAT CESS + DP charges ).
So…….besides all these charges…..Is there ….ANY OTHER CHARGES to USE THAT Rs ONE LAKH for…..till T 2 days
thanks
These brokerage details are clear to us as explained very clearly.
The charges are as mentioned on the brokerage calculator, I’ve shared the link for the same in my previous comment.
Sir what happens if i fail to sell the intraday shares on the same day
If you have shorted the shares and forget to buy back, then you will be in trouble. Check this – http://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse
Hi Karthik,
Greetings!!
It will be great if you can provide some detailed explanation on the back office related activities that undergoes during a trade. Will be glad if you could share your mail ID so that I can directly let you know what I am seeking.
Regards,
Mohit, the backoffice operation should not really matter much to a regular trader. For this reason, we stayed away from discussing this. If you have any specific question, please do feel free to post it here.
Karthik, reason i am asking is because I work in an area wherein we build custody solutions for banks. If you don’t mind, I would like to understand the complete trade cycle better. It will be great if it could be explained through a practical example. Will be able to relate the scenario better.
Regards,
Sure, I’ll try and do a documentation on this. But unfortunately, I wont be able to commit a timeline 🙂
No problem Karthik. Please take your time and just let me know whenever you are done. You can mail me at [email protected].
Regards,
Cheers!
If I purchased the stock using CNC, can I sold the stock on same day?
Yup.
Qty is showing in minus(-), what that mean for intraday trading
Shares are debited from DEMAT.
I purchased some shares valued 11770 Rs on 6th April..So that shares should be reflect in my account by 10 April…But today is 11th April and that share not display in my positions…What I have to do???
I’m assuming you are trading with Zerodha. Please do check your holdings once, otherwise please do contact our customer service.
How do I sell a share in BSE which is bought in NSE (for price gain)?
When you are selling please select BSE as your exchange.
“If traders are looking to convert intraday positions to delivery, you need to keep in mind that STT (Securities Transaction Tax) will go up almost 10 times if you decide to keep your intraday positions overnight.”
can u explain this. Is this the same charge as buying cnc on monday and selling the same on tuesday. If i convert intraday position to cnc will there be any hidden charge. or is it the same as a normal cnc trade done after that day.
Well, it delivery STT is certainly much higher, but this should not prevent you from entering into a trade that you think is going to be profitable. Do check out our brokerage calculator to get clarity on all applicable charges – https://zerodha.com/brokerage-calculator
When do we need to make payment for the equity that is bought? Is it T+1 / T+2 or any other date?
Or is it that we need to maintain balances and we can purchase the stock only to the extent of balances available?
You need cash at the time of purchase, which means to say your trading account should have the money.
When i sold shares which i am already having in my DEMAT account the same will show with negative number in positions. I know that there is provision for exit this order if i wish.
My question is that, after exit of above said position, am I subjected to possible Loss or Profit ??
I’m not able to understand your question completely. However, your P&L really depends on your entry and exit price.
Hi
Recently my HINDZINC dividend was credites to trading account instead of my bank account.
All dividends are credited to the bank account linked to your DEMAT.
But mine was credited to trading account.
When i mailed to support team they said if shares are sold on ex-dividend date dividend will be credited to trading account only.
When i asked for document supporting their claim no reply yet.
Yes, if you sell stocks on ex-date, then stock is debited for payin and kept in the pool. Company pays us the dividend, which in turn is credited to your trading account.
Is this process common to all brokers or specific to zerodha only?
Also how the tax obligations be calculated?
Yes, it is. Taxation is really dependent on your overall tax status. You may want to check this module on taxation – http://zerodha.com/varsity/module/markets-and-taxation/
I bought spicejet share around 74/share on March.i am trying sell this at 104/sh on 20 Apr 17.when I choose exit in holdings rab.then stock moved to position tab.by mistake again i click sell then again click buy in positions tab.sell(holdings)-sell(positions)-buy(osition).i wants to know whether spicejet shares are credited/debited from my account?all transactions are made through cnc
Can you please call our support and ask them to take a quick look?
I bought sahres on the day divident was declared , but i have not recived the divident in my back account. can you help me
You will need to wait till the dividend is paid out, which can be few days after the announcement.
If I have bought share via cnc, and selling on same day….Will that sell oder execute.? I mean I don’t have any share in my demat account. Will there be any problem.? You have said one should avoid to sell on T +1 day.
Yes, you can. Not a problem. However, make sure you are not doing this on stocks in ‘BE/BZ’segment (NSE) ‘T, XT, Z’on BSE…also referred to as ‘Trade to Trade’ segment. Stocks which fall under this category has to be taken in for delivery. You cannot do intraday trade on them.
Hi Karthik,
If the price of a share is rs 100 on T day (when I place the buy order) and rs 102 on t+2 day (when stock comes into my DEMAT account),
what is the buying price for this transaction.
It will be the price at which you bought the share, 100 in this case.
I applied for some shares. but failed to transfer funds on the same day. i added funds on T+2 day. Will my purchase go through?
You will need to check with your broker for this. At Zerodha, you will need the full amount before you can punch a delivery order.
Dear mr kartik
pl help me resolve this
P/l for individual stocks vary according to the trade ie intraday , short term etc
now that i was able to calculate with the help of the balance sheet of that year
till a few days back office was giving us this years balance sheet also , but it has stopped now ,
pl let me know now without that balance sheet how do i calculate the exact profits
regards
anil bhasein
Balance Sheet? Which balance sheet are you referring to here?
tax p/l for 17/18.
this gave me exacly how much profit i made on intraday and short term
dear mr kartik ,
on daily basis its easy to calculate your profits using the zerodha calculator , but overa period of time its not possible
is there a way to calculate
As in? Can you please elaborate this a bit ?
Sir today I bought shares of Sintex Ind. will I be eligible for getting Sintex plast shares?
No, I dont think so Uday. I need to check this myself. The demerger scheme is already through I guess.
you are saying if i buy a stock today i can sell it on T+2 day or T+n day where n>3 , but then what is intra day trading , this really confuses everything
You can basically do 3 types of trade –
1) Intraday – where you buy and sell during the day and do not take any positions overnight. For such trades, T+2 is not applicable.
2) Delivery trades – You buy positions with an expectation of holding the position for few days. In such a situation, you need to wait for T+2 for the stocks to hit your DEMAT
3) F&O – These are in futures and options, no need to worry about T+2
dear sir !
1. DOES THE BROKERAGE CALCULATOR CALCULATE THE BROKERAGE INCLUDING MARGINAL TRADING CHARGES FOR MIS?
2. WHAT IS PAY IN / PAYOUT IN CONTRACT NOTE . IT WILL BE A GREAT HELP IF U CAN ELABORATE HOW TO KNOW WHETHER MONEY IS BEING CREDITED TO ME OR DEBITED FROM ME?
REGARDS
The shares which I purchased 4 days back are still not reflecting into my account… What could be the reason???
Was it 4 working days? There were no settlement holiday in the recent past. I’m guessing, there was some issue with short delivery or something. Suggest you give a call and confirm the same.
Hi, I have a doubt regarding intraday trading. You said the stocks comes in the demat account on T+3 day. But if I do a NRML or MIS trade will there still be risk bcz of not having the stocks in demat. I read the previous comments and you said MIS and NRML trades are settled same day is it mean that there is no T+1 and T+2 day involved in NRML and MIS orders and hence the risk is associated only when my buy order is CNC and still I sell the stocks before they have reached to my account?
If you buy stocks today, then the stocks will hit your DEMAT on T+2 basis, not T+3. If I’ve stated T+3, then please do ignore that. MIS orders are intraday trades and will be squared off by EOD. However, the risk of shorting in MIS is getting a bad delivery. Please do read more about it here – https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse
Thank you for replying, but i was not asking about shorting the stocks. Actually I was talking about this,
“The day after you made the transaction is called the T+1 day. On T+1 day you can sell the stock that you purchased the previous day. If you do so, you are basically doing a quick trade called “Buy Today, Sell Tomorrow” (BTST) or “Acquire Today, Sell Tomorrow” (ATST). Remember the stock is not in your DEMAT account yet. Hence, there is a risk involved, and you could be in trouble for selling a stock that you don’t really own. This doesn’t mean, every time you do a BTST trade you end up in trouble, but it does once in a way especially when you trade B group and illiquid stocks. The reason why this happens is a little convoluted, and we deliberately will not touch this topic now.”
Is this thing applicable to Intraday. What does squaring off position really means, is it like when we do MIS order the whole process of transferring the shares from another persons demat account to my demat does not because at last the position is going to be squared off by EOD?
If I am still not clear I can elaborate.
Squaring off a position means that you are closing or netting off an existent position. For example I have bought 100 shares of Infosys, squaring off this position means I sell the existing 100 shares of Infy. So, when you do intraday (by means of MIS orders), you are squaring off all your positions and getting out of market, so there is no risk as such.
Thanks a lot, doubt is clear now. The content is wonderful!
Happy learning!
HI karthik,
I am facing a problem regarding selling a share, last week i bought two shares of NMDC in CNC format and today I tried to square off my position by selling it. but, after selling the share I see that in my ‘position’ tab NMDC is in short position(it was showing that, I have short sell NMDC).
After that I buy the shares again to stop my losses but they again appears in my holding.
I called in your support center for this problem and they assured me that there are no problem happening, my stock has been sold successfully. Even I was told that share would be automatically transferred from my demat account.
but till now I have those stocks in my holding.
please help me.
When you sell shares from your DEMAT, the positions tab will reflect this as a short position. This is because the position tab is meant to show your positions for the day. So ideally, you should have left it at that and the shares would have been flushed out. However, since you bought it back, original sell and the eventual buy back resulted in an intraday trade, and your original shares in DEMAT stayed intact, hence you see the same in your holdings.
Do you recollect whom you spoke to?
Hi , I have a question. What happens in the scenario below. I bought a stock X @ 50, sold @55 and again bought @56 . All in intraday, and holding the last buy. In this case what will be the charges.
In this case you will be charged 20 + 20 for the buy at 50 and sell at 55. I’m assuming you would be doing these trades under CNC. For the buy @ 56, which I’m assuming would be under CNC, there would be no brokerage.
Hi,
If I have 20k in mya trading account. While doing intraday, I use all the money (leverage i.e 20k * 20) in buy only then while exiting from that trade do I need to have balance in my trading account? Or I can exit directly ?
Please consider long or short both scenarios.
You can exit them directly. You dont need leverage to close the trades.
i have done a equity withdrawl on friday morning and it was processed on the same day evening.
but money was not credited to my bank account and it was debited from my zerodha account.
could you please explain me in how much time it will take to credit.i haveaccount in ICICI bank.
Guess yesterday was 2nd Saturday and banks were off. Request you to check your account Monday morning.
dear sir, basically iam a blind person, iam new to stock markete. so i want to learn tradings in kannada if there is any articals or books available online? or i have many of questions, can i ask here?
Sir, unfortunately I do not know of any trading books in Kannada. Please do post your questions here, and I’ll be more than happy to respond.
sir iam weak in english. so can’t understand some words and short forms. so i asking this, if i buy 10 shares from tata motars. and the share valu is rs 450per share. then next day when i want to sell those 10 shares in that time the share value is 455 per share. so how much will i get with diducting the all charges from zeroda?
In this case you make a total profit of Rs.50, out of which roughly 10 will go towards applicable charges. You will retain about 40 Rupees. I’d suggest you use our brokerage calculator to know about this – https://zerodha.com/brokerage-calculator
mr.k i like this very much thanks for that. i opened z acc with you. before openinig enquired for how friendly you guys at zerodha after that i entered. need little bit help for beginners like us. can i expect from you??
my next question can i get hard copy for modules i need as paid how much it cost
You can ask us any questions related to markets and trading, we will always answer provided we know the answer. In fact, we dont even ask you if you are client of ours :)…so yes, you can expect full support from us!
Unfortunately, we do not have a hard copy of this.
I made a trading on 12.06.2017(monday) .I was new at this and till then did not send my POA. I could not see my holdings and my profit or loss. I sent a mail and they told me that I cannot see because I havenot sent my POA.I sent it 2 days later on Thursday by speed post.But till now I cannot see anything. can you tell me where can I see my tradings.? When can I see my holdings on my trading account?Plz instruct me .I am new at this.
Ah, you will have to contact our support for this. I wont be of much help here.
Sir i have added 1000 to my zerodha account and bought Idea shares as CNC AMO yesterday. But today when market started it is showing rejected with error “RMS:Margin Exceeds,Required:930.00, Available:0.00 for entity account-RP1485across exchange across segment across product” also showing 0 balance in kite and 989 balance in q.zerodha.com. Why 11 rps got deducted and what did just happened?
Ankit, guess you bought shares for all 1000. I’d suggest you speak our support to get clarity on this. Thanks.
Hello, I had bought godrej industries at 632rs and sold it at 651 after 5 days, the qty displayed was 1, ie the shares were delivered to me, when i sold it, the positions tab in portfolio shows the qty of godrej ind to be -1, is this how it usually is or did i make any mistake?
Position tab displays the intraday trades. Please do check the holding on the next day.
hi there, i want to know if my sell order does not execute , will i have to pay any charges for that order?
No, charges are applicable for executed orders only.
from the tutorial, I understood that if I buy a share on Monday using CNC, I shouldnt sell on Thursday to avoid penalty.
How to check in this site https://kite.zerodha.com if I had any such BTST penalities.
From now on, I assume that I should sell shares once this (T1: word goes out from quantity of shares list.
2nd question:
If I had 1 lakh and I bought 1 lakh rupee shares on mondy and sold it on thursday. can I buy other shares on thursday itself with deposited money?
Uday, shares bought on Monday will be credited to your DEMAT on Wednesday evening. So you are good to sell them on Thursday morning….all this provided there are no settlement holidays between Monday and Thursday. Yes, you can sell on Thursday and buy shares for the same amount on Thursday itself.
It might be a simple question. Is it possible that a market can send a match status update post trade settlement?
If so, whether the match status will be successfully applied on a settled trade or the message will be thrown to exceptional queue in the system?
Sorry, I’m not too sure about this. What exactly do you mean by match status?
how much minimum balance and how much minimum equity delivery in dement account to buy equity
No minimum as such.
If I place BO/CO of 1000 quantity and it get executed in 5 orders for each 200 quantity..so brokerage will be charged on separate trade(200 quantity) or on whole order(1000 quantity)?
The first leg will be charged 20, but the next 5 legs will be charges 20 each – so 120 in all.
What are the other charges for buying in CNC, let say I am doing a trading in a CNC mode like Buying shares and selling on T+2 days.
as the charges will be like mentioned in https://zerodha.com/brokerage-calculator and 13 rupees for each script every time selling.
1) will their be any other outstanding charges? and where can I SEE outstanding charges?
2. are there any other hidden/govt charges which we need to pay for selling the stocks at end of year/closing the account.
3. lets say If I buy and sell on T+2 for particular stock throughout the year, will there be any other charges BECAUSE I am buying an selling from only ONE particular stock vendor?
4. In short, what I think for not to worry about charges is, if I invest 40,000 rupees and if I continue to sell entire stocks at 2% profit after T+2 day then I will be in profits only.
Please answer this 4 questions
1) No outstanding charges as such.
2) No hidden charges as such
3) N0 – each time you buy and sell, you pay charges as applicable. List of charges are here – https://zerodha.com/charges
4) Yes, you will be profitable. However, please check the charge list exact charges.
Where i can see the current value of my CNC holdings ,in z-conect it is showing more value but in kite it is showing lesser.So if i liquidate now what is the current value i can seek.
You can refer to the values in either Kite or our back office – Q. By the way, Z-Connect is our blog and not really a place to check the value of CNC holdings.
In intraday are charges similar for both short selling and first buy then sell
Yup.
when does the profits that I make by selling my holdings get credited to my trading account ? immidiately or at T+2 day ?
T+1, however, you can use the funds to buy other shares the same day.
Hello,
If we do not get the shares till 2 days after buying them how andpeople do intra day trading. Buying and selling the shares on a same day?
Intrday shares are settled cash wise within the day, they are not taken in for delivery at all.
Hello Sir,
If I buy a share in intraday but forgot to sell it on a same day then what will happen. Will it be sold automatically on the closing price of the particular day or do I need to pay any penalty or what.
Yes, if you have opted MIS as your order type, then yes, the position will be squared off.
I bought some shares on Wednesday. Technically it should show t+2 in my holdings sections but it is still showing t1 is it normal or is it something to worry about?
Can you please check your holdings on Monday once please? The shares should reflect in your holdings.
hello,
how the dp charges will be charged is it constant or varies based on share price and number of shares
what if i sell some shares of value 10rs will i be charged be charged 14rs dp charges for each share or only 14rs for all shares
DP charges is Rs.13.5/- irrespective of the quantity.
Hi Sir,
How to put Bracket order in equity marke.
Check this – https://www.youtube.com/watch?v=2TrYyOHA7P4&list=PLkxTRam6E2V-okv6gwQlt6dLTsn0v6CD1&t=106s&index=8
MOTIVE : WITHDRAWAL
I WANT TO ASK HOW MUCH TIME DOES IT TAKE FOR OPTIONS TO GET SETTLED , SUPPOSE IF I SQUARE OFF ON SAME OR OTHER DAY CONSIDERING DATE OF SQUARE OFF – 20TH JAN, SO WILL I BE ABLE TO WITHDRAW MY MONEY ON 20TH ONLY OR HOW DOES IT GO
AND WHICH DAYS ARE EXCEPTIONS FOR WITHDRAWALS AND TIMINGS AS WELL PLEASE. THANK YOU!
It gets settled the same day.
sir,
please explain…the definition of turnover in case of BTST.
what happens if we buy shares on monday and sell on tuesday.
if we sell on wednesday…
selling on thursday is obviously…the FULL SALE…value of sold shares.
thanking you
If there is liquidity, then the shares bought on Monday can easily be sold on Tuesday, else you could be in trouble. Check this – https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse
My friend bought some BPCL shares through Zerodha on 12 July and the next day bonus share was issued The ex bonus date is 13 and record date is 15, will he get the bonus shares?
Yes, because of he bought on 12th he would be considered as share holder on 14th, which is a day before the record date…so he will get the bonus shares.
how long will it take for the bonus to reflect in the account?
I have had 30 shares of CDSL @403.32/share , now shares have been blocked, brokers said it will take 2 days to reflect in your account.
the price is going down and down, i wanted to sell those share today, what will be the result. Will i have to sell at current rate(which results loss)
It takes 2 days from the day of purchase for the shares to reflect in your demat account. You will have to just wait, no other way around.
ok, but what will be the result, will i do get minimum investment or as per current rate (as share is going down)??
Really depends on the share price at the point at which you decide to square off.
N i had bought it on Tuesday, i had kept it for delivery (hold price Rs.403/share) but unfortunately it is not showing in my account since it hit lower circuit.
now the question is, can i get minimum investment once it is visible in my account b’coz share is going down continuously ?
It should show up in under holdings, stock hitting circuit has nothing to do with this. Can you please recheck again under holdings?
Hi, If I buy a share of particular company using CNC mode today i.e. on 17th July 2017 and Sell it on same day i.e today i.e. on 17th July 2017, then it will become Intraday. then again if I buy shares of tht same company today i.e. on 17th July 2017 using CNC option and if I dont sell it today.
will my second-time purchase of same company today considered as Intraday or CNC?
It will be considered CNC and you will get delivery of the shares. The same will reflect in your DEMAT on a T+2 basis.
Hello Karthik, If I have TECHM in my demat account from last one month and I sold the share on Monday.Again,I bought TECHM (same quantity) on tuesday.My question is still I have to pay DP charges???
Yes, DP charge is applicable as and when you sell shares from your DEMAT.
Hi,
I’ve a doubt in buy back, I’ll explain my scenario. I’ve 50 shares of xyz company in my holding which was bought long ago. Now I see that they are in profit and sold out 20 shares among them. so in my holding there are 30 shares and in my positions it will display as -20.
Now, I want to buy back those 20 shares again from my POSITION, so my holding should reflect 50 shares isn’t it?
but, it is reflecting 20 in my HOLDING. Could you please help me on understanding whether I’m wrong or there could be a discrepancy in the no. of shares it’s displaying.
When you sell the shares from holdings, the shares are marked out from your demat account and hence it will show as -20 in your positions page. If you buy these shares again, then 20 will show as T1 quantity the next day and will eventually show up in your holdings on T+2 day basis.
Correction to what Karthik’s said: When you’ve sold 20 of the 50 shares, your position would show -20. If you buy it back during the day, it would become an Intraday trade and your holding of 50 would remain intact.
suppose i buy illiquid shares say visesh infotechs @0.15 paisa in bulk qty..what charges are applicable if i hold it in my demat account permanently..am i FORCED to sell such a shares by exchange or i can hold it number of years as per my wish..do i am suppose to pay mothly or yearly charges for holding such a stock in demat..? please solve my doubts and give additional suggestion as per your experience..
If you are buying this via Zerodha – then brokerage is 0. If you buy it via other brokers, then it really depends on the brokerage they are charging. You can hold the shares for as long as you wish.
If I buy reliance shares 100 quantity at 1000 rs, ie total 100* 1000 RS deducted for can transaction. Now on the very next day the share is trading at 980 RS so I sell 100 quantity at 980 and on the same day I again buy at 960 all transactions in can. So basically here I have made a profit of 20 * 100, but this profit is not added to my funds not the average purchase price of my reliance share which was 1000 is corrected to new average, so where this profit goes. I have done such transaction and my scrip shows old purchase price in back-office and the profit was not even added to my funds on the same day.
Your transaction on the 2nd day is considered intraday. This will not have any impact on your purchase of the previous day.
I bought some shares as CNC on monday but i sold the shares on the same day. So, is there any risk involved like you mentioned in BTST above?
No, not really as the transactions will be considered intraday.
When will the bonus issued by BPCL be shown in my account?
Not sure, you will have to check with the company’s registrar for this.
I am the new in trading pls help me for one question.
If I Bought one Script in delivery trade but after few hour the price is high and i want to book my profit so i can do it…..
And after some hour the price of that script also lower and hence i want to buy that scripts in delivery base so i can do….
For Example:-
On 9:30 XYZ Ltd Share Price 200/-INR I Bought It In Delivery But On 10:30 the Price Of This Share is 204/-INR So I Want To Sell It I Can Do…..
And After 12:00 The Price Also Down Around 200/- And I Buy it in Delivery so i can do it……
Yes, you can do this. They will be considered as intraday trade.
I would like to know if I have bought some shares of xyz some time ago (lets say 10000 rs) and now I m selling those shares and I am supposed to get 11000 rs. So my query is , can I buy shares of abc with the money I am supposed to get, on same day I sold the shares.
Yes, you can.
Hi,
I bought few shares on 10 Aug 2017(Thursday) and i got the contract notes by the end of the day i.e 10 Aug 2017 .
Can I sell the shares on 14 th Aug (Tuesday) , in the UI Dashboard it is still showing T:1 , where as it should T:2
Thanks in advance
It should be in holdings on Aug 14th. The settlement, as you know, is on T+2 basis. Please do check tomorrow again before selling.
Suppose I have a realised profit of around 1 lakh in F&O trades in Intraday on August 16, 2017. Can I transfer my profit to my bank account on the same day i.e by 7:00 pm of August 16, 2017?
Yes, you can place a withdrawal request on the same day.
Hi karthik
still i confused about intraday.if i buy the shares at 10:00 am and sell it after one hour. is that my whole amount is credict to my trading account?.can i use that amount for buying another share in same day. please explain. and i want to trade like buy and sell,buy and sell,buy and sell in same day with same amount. is it possible?.
Yes Suresh, you can take up multiple trades in a day.
i have brought CNC AND NOW they are T1 holdings on zerodha.how can i sell???every time when i sell it got rejected…i can sell it as MIS OR CNC……???????HELP ME
Settlement time is T+2, plus 17th was a settlement holiday – https://zerodha.com/marketintel/Bulletin/433
I bought some stocks in BSE and NSE using CNC on 22nd August. I wanted to check the price of the stocks (buy price) on 23rd August. I do not see anywhere.
Can you please tell me where can I find the price at which I bought the stocks?
I read that I can’t sell the stock on T1 and its advisable to sell it at the end of T2. Do I get the intimation that I can sell the stocks irrespective of the short delivery and other issues?
I’d suggest you load the stock in your market watch again. Further, check the holdings, you will find the stock under T1 quantity. No intimation is provided, you need to be aware of the position.
I bought shares on 16 Aug 2017 and then 17 the was settlement holiday,, what date should I expect to sell my shares?
Also I was able to see my shares on zerodha back office till 21 Aug but not shares are not visible… Is this normal
Kindly reply
You should be able to see the shares in your DEMAT now.
For Module 5 and Module 9 download PDF option not available .Please do that also .Thanks
I’m aware. Module 5 will be available next week…and 9 once the module is complete.
Dear sir,
I would like to know, i bought a share of 500 in CNC which is costing around 45rupees. Later i saw the price moved up and decided to sell it after 2weeks. I gave a sell order for 500 quantity for 49rupees. But what it did is only 1 share was sold. Same happened next day.
So is zerodha going to get dp charges for every day?
From the above situation i got a profit of say 4 rupees. So first day 4 rupees second day 4 rupees.
DP charges will be 15+15 30 rupees. So i lost around 26 rupees.
May i know how to stop this above issue. Which really happened to me in BSE stock company name is prithvi and stock price was 34. please suggest me what to do?
Yes, DP charge is the same irrespective of the quantity. You cannot really avoid these charges.
Can I buy penny stocks in zerodha on delivery basis for example lanco (0.75 p), SPYL (0.25p)
Yes, you can.
Thank you for responding.
I need to ask you one more thing,
Plz tell me how far my strategy works in real time trading.
If I buy shares of KSS Limited whose current price is 10paise on delivery basis for 10,000/- INR (i.e 1,00,000 shares). Knowing the stock price varies continually at 0.05 ps for every 10 to 15 minutes throughout the day and every day.
Now is it possible to sell my shares at 0.15 p and make a profit of 5000/-.
I think this belongs to T2T, which means you need to take compulsory delivery of the stock. The biggest risk in such trades is getting caught with zero liquidity, which means no buyers and sellers for your transaction.
Thank you Karthik
Cheers!
what is the charges of auto intraday square off ? and on what basis it is charged ?
is auto square off charge and ‘Call and Trade Charges ‘ same on the ledger ?
if it flat 20 the why it is showing ₹23.60 on the legder ? please help
Yup, that would be call and trade charge along with GST on brokerage and transaction charges. Check this – https://zerodha.com/charges
what are the hidden charges of zerodha ?
None, all our charges are mentioned here – https://zerodha.com/charges
How will zerodha settle the bonus share.
If for eg I am holding a x Company share and the comapny declare the bonus, will the bonus share be credited on the ex date or not.
The bonus will be credited to your DEMAt account as soon the company issuing the bonus shares credits them.
If during the ex bonus date, the shares were in holdings but in T+1, will exchange consider the same for bonus.
Yup.
Dear Kartik,
When can we expect the Reliance bonus share to be credited in our demand ac in kite.
ज़ेरोधा का CONTRCT नोट्स चोर हाय का्य ? प्रॉफिट लोस पहिले डे का बालंस नहीं बताता हाय ओंर प्रॉफिट लोस रोंग करता हाय
Sorry, my Hindi is quite bad 🙂
Hii,
I have a confusion regarding Intraday. As i know if i want to buy shares on Intraday we only have to pay 10% of the total amount.
So if I buy 1000 shares (per share costing 100rs) which equals to Rs 100000, so then I have to only pay 10000rs at the begining.
So I want to know do I need to have Rs 100000 in my account for this trading to process?
Thanks.
No, you only need the amount which goes into the trade.
hi,
What if Stock buy under CNC and sell same day. What will be the charges/penalty
what if stock buy under CNC and want to sell very next day/T+1 day. What is the procedure. (stock not shown in holdings) how to sell. what will be the charges
Thanks
It will be considered as an intraday trade. If you sell it the next day, it will be considered a BTST trade….for this simply select the stock and sell the same number of qty under CNC. Charges would be 20 per executed order.
I am a zerodha client & i have purchased(CNC) 2 different companies shares on 29.8.17 and same was reflecting in positions (T day) and next day in holdings as T1 after third day onwards my holdings got disappeared, issue raised to [email protected] ,ticket still open, no response, call to customer care daily basis, nobody is telling what is the issue, as I’m a new bee, lost mental Peace, zerodha sucks!
Apologies for the inconvenience caused, Shivappa. I guess this has been escalated and your ticket will be closed with a proper explanation today.
Hi,
I have a query regarding multiple trades in a day that include both delivery and intraday trading.
Example: Day 1 – I already have 500 units of Stock A in my demat account. Lets give it a name Trade1.
Day 2 – First I sold 500 units and then I bought 500 units of Stock A. Lets give them name as Trade2 (S) and Trade3 (B) respectively.
Question: How trade will get settled. I got two answers upon calling zerodha support number.
Ans1 – Trade2 abd Trade3 will get settled (part of Intraday trades, P&L will be calculated), and nothing will happen to Trade1 (means 500 units will remain in account at same price as it was).
Ans2 – Trade1 and Trade2 get settled (according to FIFO). Means existing 500 units gets sold (P&L is calculated). Trade 3 (B) will get credited in demat account (as part of delivery). After that 500 units of Trade3 will reflect in account with new Avg price on which they were bought.
I am confused. Please help.
1 is correct. Trades made on day 2 – trade2 & trade3 will get knocked off and trade1 will result in delivery.
I have 3100 rs in my account . Can i do thi shares of Bs limited
CASH N CARRY
Buy 1.50 rs * 2000= 3000
Sell. 1.60 rs* 2000=3200
WITH THE SAME MONEY INVESTED CAN I DO SAME TRADES MANY TIMES IN A SINGLE SAME DAY.
SUPPOSE I DO THE SAME FOR 5 TIMES from 9:30 to 12:30
I GOT PROFIT 1000 – CHARGES= ‘X’ WILL BE MY NET PROFIT
WHEN I GET MY INVESTED 3000 RS AND NET PROFIT ‘X’ for trading after 12:30 in same day
Or is it possible to trade with the
( 3000+ ‘X’) money after 12:30 on same day
AND WHEN MY MONEY RETURN TO ME FOR FURTHER TRADING
Yes, you can do multiples trades (although I would not advise you to do that considering your capital size). You can trade with the profits generated.
Above query is only for CASH N CARRY trade. Same 3000 rs can i use for multiple trading in different stock on the same day.
Thank you
Yup.
Hi, I have some gaps in my understanding , when i short the same stock multiple times in a single day why is there a discrepancy in profit/loss calculation . for example i sold and brought the same stock three times in a day and P&L in Kite seems to have taken the average price . Regards,Arjun
Its the same stock that you are trading, so it makes sense to show you the consolidated average view right?
Thanks, These are independent transactions. averaging out will reduce my profit isn’t it .. hope i am not missing out the logic 🙂
Yup, holds true.
Thank you very much sir.
Welcome!
I have 3 shares of reliance industries in my dmat account.9.9 2017 was the record date for bonus share.i have dmat a/c in icici direct.But the share not included yet in my dmat a/c .where to complain.
The bonus shares will be credited to your trading account the moment RIL issues them. I’d suggest you speak to your broker about this.
By they, did you know we do not charge brokerage for delivery based trades? Maybe you should consider opening an account with us 🙂 – Follow this link to open your account https://zerodha.com/?ref=varsity
Can I do BTST in NSE EQ segment shares and where can I get the list of BTST stocks to do BTST trades.
Yes, you can. However, you cannot do BTST if the stock is marked under T2T segment.
hi i have just opened an account on zerodha. i am a lehman to trading and its terms, so i am putting my question in simple terms.
suppose i have 1,00,000 in zerodha trading account.
1) how can i buy shares worth 5,00,000 using zerodha online trading?
2) until when can i hold those shares?
1) You will have to log on to Kite and place a buy order
2) As long as you wish
I’d suggest you attend one of our online demos. The demo happens twice a day. Please do subscribe to our Youtube channel and you will be notified when the demo starts – https://www.youtube.com/user/zerodhaonline
as here i have used rs. 4,00,000 extra then present in my account for trading..will i have to pay some interest for it?
No, nothing of that sort.
Divis lab’s gives dividend of rs 10/share so how i check in my zerodha account about dividend amount.
It will be credited directly to your bank account.
What if i hold 100 shares of xyz co @ 100 rs. from over a month. Then i sell it all one day at 110 and buy the same quantity again at 105 the same day.
1) Will i get profit of 5 rs. here?
2) what will be my price of purchase. 100 or 105?
What happens to my shares if the company is delisted from NSE.
Suggest you check with the company once. If the company is bankrupt, then I’m afraid it would be worthless.
I want to learn about stocks complete about angel investment private equity portfolio management venture capitalists IPO ofs fpo dilution of share unallocated share dematerialised shares and total shares etc please guide me what the book should I read to learn completely about this
We did a webinar on this topic recently. Check this – https://www.youtube.com/watch?v=32waPupaXGg&list=PLkxTRam6E2V_Kq5l-H4Xihh-nWgO6Z4d9&index=23
What is face value. Is it necessary to consider it. If so what should be the minimum face value of the share to invest in long-term and intraday trading.
Face value is the nominal value of a share. FV has nothing to do with trading.
If I’ve 10 shares of HDFC in my DEMAT and I sell them at 12:30 pm. If I sell them for 1700 at 12:30 pm. Can I buy other stocks worth Rs. 17000 (1700*10) on the same day before 3:30 pm.
Yes, you can.
hi,
how do you calculate the fund ? it is quite confusing to understand the fund i used, margin i used & available fund to trade . i usually buy CNC stocks(equity delivery) , i tried to calculate on my own using brokerage calculator but the total stocks value + brokerage are coming different as per my calculation from my trading account.
can you please provide a link or videos or anything i can understand the details.
thank you
Check this – https://www.youtube.com/watch?v=uAAwy5aQxBs&list=PLkxTRam6E2V-okv6gwQlt6dLTsn0v6CD1&index=3
i sell IPO and my settlement date is 20.09.17, then which date my fund received
T+1 day.
Suppose I want to buy 5-10stocks on a monthly basis of a company..like an investment of 5000 monthly for a term of 1year..and I can use dips to buy more in a month..something like an SIP but I wanna manage on my own and wanna buy only a few companies..how much brokerage and other charges will I have to pay in the end of 1year?? And also if I hold for long after like 5years, will the charges eat away majority of my profits?
If you are buying these shares from Zerodha, then you do not pay any brokerage. Zerodha was the first broker in India to not charge brokerage on Equity investment. Check our charges here – https://zerodha.com/charges
Hello,
I have free cash of 9006 and total value of 8597 at the end of the market closure so will the funds which are reflecting in the free cash segment be credited in my account tomorrow (within 1 day) as stated in most of the comments above and will it be 9006 or will there be any deductions in it .
Thank You
Yes, the margin would be available for you to trade.
Karthik sir,
When can we expect the Reliance bonus share to be credited in our demand ac in kite.
Can you please check with the Support team? My guess is either today or next week.
Please let me know clearly about Complete brokerage charges in below 2 situations in Zerodha
1. I bought shares today and i sell tommorow ?
How much they charge Brokerage!!
2. I bought shares today and sell after creditng the shares in my account ?
1) Nothing
2) Nothing
In both the cases, you only pay statutory charges levied by Govt and exchanges. No brokerage from Zerodha.
More on charges here – https://zerodha.com/charges
Hello,
Yesterday i purchased some x shares. Today i again purchased the same company shares using CNC. On the same day i sold some shares using CNC option. Which shares will be sold first , the shares which i brought yesterday or today.
The 2nd day’s transaction will be considered intraday. You will get delivery of the previous day’s purchase.
no sir my question is which shares will be sold first, whether today’s share or yesterday’s shares will be sold first.
Today’s shares.
Hi Sir,
I purchased x company share for 5 lakhs on last week friday and unfortunately i am not able to take delivery till this friday.How much i have to pay penalty for my debit?
No there won’t be any penalty for you. I get a feeling that the seller has defaulted. Can you call our support once? Thanks.
I sold some shares last week. It was debited to my DEMAT account on 20.09.2017. By when should I ideally receive the money in my a/c.
What am I suppose to do if the payment is not received / received late.
If your intention is to use that money towards buying another stock, then you can do that the moment you sell the stock. You can also place a withdrawal request for the funds the same day. You will get the cash in your bank account the next working day.
I doesn’t trade for 10 days but my funds are decreasing how can this happen
Which broker? If its Zerodha, then this is not possible. Please give support a call to clarify.
1) Can I have trading account with zerodha and demat account with my bank.
2) what will be the charges if I only make delivery trades in zerodha
1) Yes, but its best if you roll this with 1 entity
2) Brokerage would be 0. You will have to pay some statutory charges – Check this – https://zerodha.com/brokerage-calculator
How to choose best penny stocks for long-term investiment.
Fundamental Analysis is the only way to go about long-term investments! – https://zerodha.com/varsity/module/fundamental-analysis/
Dear sir iam a blind person and I want to open demat and trading account with you it is possible or not.
Yes, sir. It is possible. In fact, if you have AADHAAR, you can do this online and the account gets opened instantly. Check this – https://zerodha.com/open-account
1. How much DP charges should I pay for selling 100 shares of same stock?
2. How much DP charges for selling 100 shares of two different stocks (50 + 50)?
3. Is DP charges applicable for Intraday trading?
4. If I buy a share in CNC on T day and sell it on T+1 or T+2 day before crediting to my Demat account, will DP charges be applicable?
1) DP charges are Rs.13.5 per script, irrespective of the quantity
2) 13.5 + 13.5
3) No
4) On T+1, the shares are still not in your DP, hence no DP charges. The charges are applicable only if the shares are debited from your Demat account.
Hi, can please explain the following
Quantity Traded 29,97,790
Deliverable Quantity (gross across client level) 6,12,046
% of Deliverable Quantity to Traded Quantity 20.42 %
Quantity traded indicates the total number of shares traded. Del quantity represents the number of shares taken in for delivery.
After selling the stocks on T day they get blocked and enter into positions, i have doubt in positions if i sell a stock for Rs100 in p&l sections sometimes it will be showing -2 and +10 what are these,if we exit in positions stocks will come to holdings but @what price they will enter into holdings??
I’m assuming that you’ve sold the shares from the holdings. Positions just reflect the intraday position. So when you sell the stock from holdings, the system understands this as an intraday position and therefore starts tracking the P&L (this is -2 and +10 you are talking about). However, end of the day this gets cleared and your stocks are flushed out of the the DP to meet the exchange obligation.
sir what about when we exit from positions again it comes into holdings @ what price it enters into holdings?
No, that does not happen. When you exit a position, there is no flow to the holdings.
I bought ashiana shares on 09/10 and received the contract for the same. However, yesterday night I received a notification from zerodha confirming that my shares have been short delivered. the holdings from portfolio have suddenly vanished and I cannot see either the funds being credited which should happen in short delivered status as per the email.
Kindly help.
This is the case where the seller has defaulted on his obligation. The email sent will have necessary details. You will either get the delivery of stocks or the funds will be credited. Cut off date will be mentioned in the email. In most cases, you will get the credit of stocks. In case stock credit does not happen, then you will get cash + 20% (at the most) credited to your account.
Suppose I sell shares worth Rs 50,000 (Delivery Trade already there in Demat) on 16th October.
Can I place request for fund withdrawal Rs 49,850 ( Approx after all charges) on same day i.e 16th October and expect the funds to be credited early morning i.e 17th October.
Is it possible?
Or I have to wait till 18th October(T+2) and expect the funds to be credited by 19th October.
You can use the funds to purchase another stock the same day as you’d be given margins, however, you can place the fund request on 18th i.e T+2. For F&O, it would be T+1.
sir i am a beginer. suppose if i am buying 100 shares of cdsl in CNC, it shows three options CDSL, CDSL BL, CDSL EQ. what is the difference.
thanks
Hi,
I am extremely thankful to you for clarifying my queries within no time.
I got a surprising knowledge today.
I never read it anywhere in your manual or saw in your youtube videos. Got this from this youtube video (Link: https://www.youtube.com/watch?v=VazR-zifYEE Time 5.40)
It is said that after buying a stock in CNC it can be sold on the same day in CNC. I read in your manual that delivery based purchase can be sold only once the stock gets credited to your account. Otherwise, it will be treated as BTST with its own risks.
Could you please throw some light on buying and selling on the same day in CNC segment? Also please tell me what would be the charges for doing so?
Nancy, if you buy and sell the stock on the same day (although bought under CNC), it will be considered as an intraday trade and charged accordingly. However, to do BTST, you need to buy under CNC.
Please clarify whether my understanding is right.
CASE 1:
I buy a stock in CNC with the intent of taking delivery. Suddenly I see a tremendous upward movement in the stock on the same day and would like to take advantage of it. So I sell it in the CNC segment. Then this will be considered as an intraday transaction. Intra day brokerage charges would apply.
1. What would be the STT percentage? 0.1% on buy & sell (CNC charges) or 0.025% on the sell side only (Intraday charges)
CASE 2:
I buy a stock in CNC with the intent of taking delivery. I see a sudden increase in the stock price on the next day. So I need to sell it in BTST right. BTST has certain risks.
CASE 3:
I buy a stock in CNC with the intent of taking delivery. I see a sudden increase in the stock price on the second day. If I want to sell the shares what should I do?
Check this – https://zerodha.com/charges
1) It would be on the sell side
2) Yes, that would be BTST and BTST comes with its set of risks. Check this – https://zerodha.com/z-connect/queries/stock-and-fo-queries/btstatst-buyacquire-today-sell-tomorrow
3) Same as above.
Thanks a lot
Cheers!
If a contract note has several buy/sell trades in a scrip, resulting in both square-off and delivery, then how can I determine which trade has incurred delivery brokerage and which has incurred intraday brokerage? Zerodha’s contract note does not separately mention brokerage per trade nor does it identify a trade as delivery or jobbing.
We are soon introducing a new contract note format which contains the break-up of the brokerage charged for each trade.
Previously, you had to manually calculate the same.
In all cases, the brokerage is charged only if there is a net buy and sell in a day. Otherwise it is treated as Delivery(Zero brokerage).
For taxation purposes, the Tax P&L statement makes the differentiation of your trades under Speculation, Short term and Long term
I noticed, as with other brokerages, in Zerodha it is FIFO employed for distinguishing jobbing and delivery trades. My confusion was because trades downloaded in Excel format consolidate as per Trade No.. However, contract note divides a Trade No. as necessary for square-off and delivery.
It will be helpful if there is option to get contract note in HTML or spreadsheet format. As such, a client can easily copy-paste data in Excel and do calculations, instead of first downloading trades in xls and then calculating and checking with figures in pdf contract note.
Hi Team,
I bought shares in XT category – Jagdamba Polymers (http://www.bseindia.com/stock-share-price/shri-jagdamba-polymers-ltd/shrjagp/512453/). Can you please tell me when I can sell these shares? I bought it from Zerodha.
On T+2, more on XT here – http://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?Noticeid=D07E9FE9-3D0D-4C5D-8F67-53200B215001¬iceno=20170630-40&dt=06/30/2017&icount=40&totcount=40&flag=0
Dear sir,
I have Demat Account with Zerodha since 16 Oct 2017. When i started intraday trading on 16 Oct 2017 with Rs.5000/- investment and I got Rs.395.60 as Realised profit. When i checked my account in next day… it showed only Rs.5,212.56/-. Why? In one of your answers to clients you said the profit will be credited to your account after deducting everything. In my case i dont understand what happened…? In a day i.e. from 9.15AM to 3.15PM during the period how many times i can do intraday trading… is there any restrictions for that….for each trading you will charge your Rs.20 brokerage charges…? please explain as I am new to this field. Thanks and Regards. M S Giri Babu
You will have to check the ledger and see the applicable charges. I’d suggest you call the support to understand this better.
No, there is no restriction on the number of times you can do intraday trading. However, overtrading is not a great thing for the longevity of a trader. The brokerage will be Rs.20 for each executed order.
Hi,
I went to my ledger to check my account. I found that my settlement cost is more than my stock buying cost. I understood that brokerage is not calculated in my stock buying cost. So, went to zerodha brokerage calculator and checked brokerage and added to my stock buying cost. Its not equal. I got more money deducted. Can I know why my settlement cost is more????
Appreciate help.
Thanks in advance
Nadeem…I’d suggest you call our support desk, they will run you through your ledger and help you understand charges.
I have brought Munjal Auto shares 1 week back, these are not showing in holdings. If I place sell order it is rejecting saying that no holdings. In Q portfolio holdings are showing in T1 category. Pls suggest how to sell
There were few settlement holidays last week Bharathi. Settlement holidays impacts the delivery of shares. I’d suggest you give a call to our support desk for this.
Hi,
I am new to Zerodha and trading and would like to understand why the following is happening in Kite :
1) I bought Bhushan Steel on Monday and when i try to sell it on Tuesday , it is going as a sell order (short) and also my quantity in holdings is being shown as zero. Why is this happening.
2) Quite a few Sell orders (short orders) are getting rejected.
Please advise.
Shashi, whenever you sell from the holdings, a short position will be shown in positions which will get reconciled at the end of the day. You don’t have to worry about it.
Short sell orders are available for stocks in this list and are required to be placed under MIS type. Please contact Support for any other rejection issues
1) The short in positions just reflects your intraday position. When you sell it the next day, your T1 quantity will reduce to 0
2) You must be trying to sell from CNC – please double check.
If I Buy a stock in MIS in bracket order at 10 am and it executed at 10.10 am …what will be my account position..
Shall I take another position with the same amount at 10.12 am ..
Actually…I want to do scalping….can I trade multiple time in intraday for very small profit for the same amount..what will be account position…????plz clarify…
Yes, you can trade multiple times during the day. No restriction on that. However, if you intend to scalp, I’d suggest you stick to liquid stocks and market orders.
What do you meant by liquid stocks and market order??…as I am new in this field I don’t know the meaning of liquid stock??
Liquidity is a measure of how easily you can buy or see a stock. Basically the availability of the stock in the market.
Hi
I have purchased PNB shared today ( 25th October 2017) , End of the day on NSE PNB’s price was 205. But in my zerodha account the current price of PNB stock is showing 202.05.
Can you please confirm on this.
Thanks in advance.
205 is your buy price and 202.05 is the closing price I guess.
Can i buy and sell a stock on same day in which i placed the order as CNC?
Yup, you can do that.
I need information on the settlement on futures and options.
Suppose i Buy Maruti 8200 ce @ 208 rs NRML on 27thOct with value 31200 at the end of the day ltp price was at 159 rs showing loss of approx -8000.
how this settlement process works for NRML orders.
Please explain in brief or share link with explanation on the same.
Avi, Futures(long and short) and Options(shorting) have a Mark to Market Settlement wherein Day’s change margin is added/removed from your trading balance. You can read about the same in this chapter.
However, for Option buying, the amount is debited once you buy the Option contract(Rs 31,200 in this case) and the funds will be released only if you choose to sell them. There is no Daily MtoM settlement when you buy Option contracts.
This is the case of buying a call option, which requires you to pay 100% premium upfront. Just like how you’d buy a stock. So end of the day, the value of the option that you are holding goes down. Apart from this, there is no settlement here…unless you decide to sell the option.
Hi,
On 25th Oct I had 5095 Share of MBL infra(MBL-BSE). On 26th Oct, I sold and buy 2492 shares in (MBL-BSE). Amount not gets credited to my account nor shares credited to my account. IT’s showing me only 2603 in the account. But In contract notes, I had both the details of sold and buy. Until what date remaining quantity will be credited to my account.
Was the trade on 26th and intraday trade? If if they will not reflect in your holdings.
I am Rahul I sold 50 shares of Mcd on Friday.. I forgot to cover it now I go to buy in my account means it shows its in have moved to action now what price will they buy it Monday opening rate or… Please guide me… 9043035196
Rahul, was this in MIS? If yes, then the order would be squared off by our team. If not, the position would be auctioned. I’d suggest you speak to our customer care unit for this. Thanks.
sir in my holding when i sell on next day the new shares of same qty(sell) will show in my account also show,holding zero and no pending show in my account but on next morning the holding share bought at different prize why this because all pending order cancell tell me sir
I think you should call support and get this checked.
sir one more question i can’t sell my holding next day also when talking to executive person say’s zip no what is this
ZPIN is a security feature required when placing orders via call and trade. If you’ve forgotten then the same will be sent to your registered mobile number.
Sir,
Today i buy 700 shares @ Rs. 112/- and sell them at @117.65, i get profit of Rs.3955/- but that amount when to margin used. Is this amount will be credited to my account or not ?
It gets added to your account and you can use it as margins.
Can we place any order on Saturdays or Sundays, or for that matter, any holidays? If yes, when would the shares be credited? (In case of CNC orders)
You can place an AMO on all after market hours(Weekends, Market holidays), but the orders will only go through the next trading days when the market opens. You can read more on this topic here
I purchased 20 shares of xyz company @ 280 on Thursday ,again next day I did intraday trading (cnc type) of same company and took delivery of more 10 shares ,now how come it’s showing avg price of 30 shares
The trade done on Thursday should not alter the average of your holdings, considering they were intraday.
Question continue s now it’s showing avg price of of 30 shares is 309 ,so it’s not showing profit total profit of 20 shares which I had purchased yesterday..
Can you please call the support desk and get this checked? Thanks.
What is meant by Face Value mentioned when we buy a stock and it gets credited to our Account? How does it affect if we keep that stock for an year? Can you give by example if a stock is having FV of Rs 2?
The face value of a stock is just a notional value assigned to the stock. Usually, its kept to 10,5,2 or 1. It does not matter in the day to day trading of the stock.
How does the P&L gets calculated for MIS. Even i make profit it’s still showing loss I.e
I bought 10 shares of [email protected] and sold them @61.10 do the basic math here i’m getting 1r loss, but P&L shows 4rs loss.
I don’t have any idea how does this even comes near to 4rs.
Its your loss plus the applicable charges. However, the P&L should reflect only the P&L and not really charges. I’d suggest you call the support.
Question – If i have 10 shares bought at INR 100 each and a week later, i first sell these shares at 80 each, and buy the same co. shares (larger qty, say 12) at roughly same price i sold, INR 82, will the sale and purchase be treated as intraday even though I’ve asked for delivery in each case?
Depends on the product code you used for selling the 10 shares. The 10 sell gets offset by 10 buy, the balance 2 will get to your demat if you have placed the order on CNC.
Dear sir Thanks for such a lucid explanation
Can you please clarify my understanding on intraday trading?
Right now I am not sure which one of these is happening for intraday trading
1) Whenever X is buying a share in intraday trade, there should be always someone who is Y shorting in intraday trade for the transaction or trade to complete. If that is the case, Y need to buy the share by end of day 03:20pm which means some Z has to short it which seems never ending process.
or
2) It works like zero-sum game like in future trading with underlying asset as equity. So when X is buying a share in intraday trade it is like buying contract/agreement which should be sold by end of the day and at same time someone Y is selling contract which should be bought by end of the day. So by end of the day they will be squared – off or they can transfer risk during day with another person.
How does intraday trading works?
1) Y can be a regular seller – selling shares from him DEMAT
2) Not really – like I said the seller or buyer could be operating in delivery mode as well.
Thanks for reply. kindly bear with me.
1) Can you please elaborate on intraday trading settlement process from both buyer and seller sides.
From your answer it is still not clear what happens during intraday trading. please give insights.
The settlement is very straightforward, Mahesh. Lets say I buy 10 shares @ 200 and sell 10 shares @ 205, my profit is Rs.5 per share or Rs.50. Out of the Rs.50 profits, I will have to pay my charges, and after which, whatever is left will be my profit for the day.
i had sell SBI (intraday) during square off time but when want to buy there is no buyer available i have not so much amount to convert into delivery . What will i do ?
Did you try placing a market order? SBI is quite liquid.
What if i buy and sell different stocks on the same day .. which is multiple trading .. how will you deduct the money from my bank account .
Minaz, you are free to trade as many times as you want during the say. The money is utilized from your trading account, which means before you place your trade, you need to ensure that the money is transferred from your bank account to trading account.
Good luck.
HI CAN I KNOW THAT I PURCHASE 10000 SHARE AND AFTER 2 MONTH MY SHARE SELL BY BROKER WITHOUT MY CONSENT.MY QUESTION IS THIS THAT HOW BROKER KEEP MY SHARE IN TRADING ACCOUNT FOR TWO MONTHS AGAINST T-2 DAYS
Check with your broker, Atif. He cannot sell without your consent.
How to check long term holding or short term
If the stock is held for more than 365 days, then that would be considered long-term, everything else is short term.
Sir,
What is value area high and value area low
No idea, can you please give a context?
Hello Kartik,
You said that the stock will be credited to my Account on T+2 day. But, if I sell it on T+1 day, I’ll be able to sell it. Right?
Then how am I eligible to sell a Stock which I am not owning.
Thanks.
Yes, you can sell on T+1, but you carry the risk of the auction. Check this – https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse
Hi,
I sell some shares on T day. The same day Zerodha shows margin utilized as the value of sell proceeds. On T+1 day, Funds screen shows Free cash which includes the above-mentioned sell proceeds.
I am supposed to get the sell proceeds only by the evening of T+2 day, right? So can I use the sell proceeds value shown on my funds screen on T day or T+1 day to buy shares? Is there any cost involved?
Yes, Margin added can be utilized to take fresh positions for the stocks you have sold.
lets say i have shares for a month in my demat…..and next day i sell them (lets say total value 100)…now if selling is complete then kite will show all the money means 100 as free cash within few minutes same day…now lets say i then do a mis trade and lose 50 …then what will happen ..see i sold share but it will take 2 days for money to come…but i still have to pay for intraday on the same day….how exchange or zerodha will handle this…i can pay my loses but only when i have the money (which i will have after a day) ..but i have to pay now…what is the procedure in this case
You will get an instant margin when you sell shares from your DEMAT. You can utilize this towards other transactions.
what’s the margin cost/penalty involved in that? I couldn’t find that information in the brokerage calculator page.
Penalty for?
I had purchased x number of shares yesterday utilizing the entire amount available in my account and sold all the shares the next morning. Now I want to take another position but unable to place order reason being RMS Margin exceeds, required margin 7072.50, available margin 1377.71, however I have sold all the shares and have Rs. 9800 as free cash in my account after the sale transaction.
Can you check with the support desk? Margins should have been released immediately.
when will we get contract note.
Same day.
Can I sell CNC share on the same day or next day of buying.
You can. Selling it next day incurs the risk of the auction. More on that here – https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse
Dear Sir
My client id zy6837 I traded in crudeoil future with 1 Lot on friday 17th nov , earned profit of Rs 190/- squaring off my trade on the same day but next day when I checked my balance, is now showing 0(zero) in my commodity fund section , why….?????
please give your feeback
Can you please check with our support desk on this? Thanks.
Hi sir
My watchlist in kite app shows not a single value ( number) only shows script name
What i do?
Markets are closed, Ajay. Guess the tech team is testing something out. Check this on Monday.
No previous day ohlc data .
Please suggest me what to do?
Like I said, check this on Monday morning.
Hi- DP charges are now @INR16 /scrip during sell time. Is this fixed for any number of trades OR does it have a range- For Eg 1-10 sells -16rs ; 11-30 -some x amount; 31-100 – y amount ; > 100 – z amount etc. Does DP charge vary in relation to no of sells performed?
Thanks!
ALSO: Does it depend on ‘Sell Amount’ range?
Not really.
Its fixed. Does not matter how many shares you sell.
I am a new to share market, just opened Demat and trading account a week ago with SBI and i am trading since last 3 days.
I just want to share one situation that has happened with me today 23.11.2017. Please answer the following points.
1) I wanted to buy ARROW Greentech on intraday basis but RMS did not allow me.
2) The brokerage on Delivery in SBICAP is 0.5% and the Brokerage on ZERODHA is 0.1% or Rs 20 whichever is lower on delivery then my question is if i would have bought the 8K Miles @ Rs 810 and sold it on the same day as delivery basis share @Rs 865 what would be my profit using ZERODHA Vs SBICAP.
3) If the delivery brokerage is at such a low level in ZERODHA then instead of doing Intrday why is it not advisable to use delivery trade to book maximum profit?
1) You need to ensure the stock is allowed for intraday trading or not. Check with the support for this
2) I’d suggest you check this brokerage calculator – https://zerodha.com/brokerage-calculator
3) You certainly can!
I have buy 400 shares of grauweil of BSE @ 70.75 and sell out at 71.8 in intraday on 24 Novemeber 2017. According to calculator total deductions including brokerage charges are Rs 18 approx but in real zerodha have deducted around Rs 83 for brokerage. Trade is done in 3 parts in buying and 1 part in selling so exchange transaction charges would be Rs 6 instead of Rs 3 which is shown in calculator. Stamp duty is Rs 1.14 which is not shown in calculator. This problem is only facing by me in BSE scrips. Nothing wrong with NSE brokerage from calculator. Kindly tell me the reason that why Zerodha is deducting more charges for BSE scrips than shown in your calculator for Intraday. This is the second time in this week when i have face this problem. Kindly give me the reason. It might be possibility that there might be some additional charge for BSE scrips which i do not know. In this case, kindly tell me about additional charge if any and tell me how the deduction for this order can become 83
Nikunj, Grauer & Weil Ltd stock is trading in XC(T2 category, read more here) group of stocks and the exchange transaction charge is charged at Rs 10,000 per Crore. For your trades, this adds up to ~ Rs 57. This is also mentioned in the list of charges.
You can add stamp duty in the brokerage calculator by selecting your State(as per address proof)
What is meant by “Taxable value of Supply(brokerage)”? Is it like the brokerage can only be partially taxed, if yes, why?
Not sure, Apurva. Can you share the context, please?
Okay,
So in my contract note, there is a head under which the charge is deducted from my account.
This is called “Taxable value of supply(brokerage)” and there is an amount listed against it, which is 0.01 or so sometimes.
What is this amount? Is it brokerage or is it the tax, as is mentioned?
If it is a tax on the brokerage, is the brokerage taxable?
Taxable value of supply(brokerage) is basically the brokerage charged for the trades done. For Equity Delivery trades, we charge zero brokerage, hence, a token 1 paise charge is billed in the Contract Note.
Securities Transaction Tax is charged by the government when transacting on the exchanges. Please refer to List of Charges for more information on STT and other charges.
That link was really useful, Faisal. Thanks.
im new to zerodha hence can you explain this thing=
i thought stock is debited from demat-account on T2-day and then demat-charge is taken from client.
i have cnc 15 shares of xyz in my account [7days old purchase],
now i sold cnc 5 on28nov [T], on 29nov i buy cnc 5shares [T1-so no debit from demat-account should be done?
but on 29nov evening sms from cdsl says= ” 5qty of xyx debited from you account”
why this is so,why debit done on T1day? and does it means demat-chrge of 15rs will also be levied?
thx for you time
The shares are debited the same day. Yes, whenever you sell shares, DP charges are applicable. This is on a per scrip basis, irrespective of the quantity you sell.
yeh but confusion is read somewhere in zerodha forum =that if you buy back same stock before share-debit [beforeT2day] ,then share-debit is not applicable, can you through light on that
thx
in this thread=
https://tradingqna.com/t/sell-today-and-buy-tomorrow/1106
Mr Nitin said “Yes if you already have shares in the demat, you can sell today and buy back by T+1 evening without effecting your shares in the demat”
then can you explain reason of debit,thx
Right, you can sell today, and buy it back tomorrow and the share in your DEMAT will stay intact.
That I’m afraid, can’t happen. When you sell stock that you’re holding, shares get debited from your demat. They don’t get adjusted against the T+1 day purchase transaction. Thanks for pointing it out, I’ll make the update there.
Can you please provide the link to this? Thanks.
thx for reply, but i found selling on TDAY and buying back on T1day ,dedudcted shares from demat and charge of 16/- is also levied
hence it seems ,what Mr. Nitin said is not implement
your view on it
today i buy 550 shares in bhel, it is not intraday trade, but in my purchase list it is showing as sell… i checked the trade details it is showing the seller user is ADMINSQF1.. why this is happened?
I guess you must have opted for an MIS trade by mistake. Can you check with support once?
What happens in case of intraday?
MIS is an intraday order, Rajesh.
If i buy shares by CNC and Sell it same day. Is DP charges cut for my trading ??
No, DP charges will not be charges. DP charge is applicable only if you manage to sell shares from DEMAT.
Thank you , please tell mi what happened if i buy stocks today and sell tomorrow (T+1) as stocks not added to demat account before T+2 day is that trade is free from DP charges ??
And if i buy today and sell day after tomorrow i.e. (T+2) day is DP charges applicable to this trade ??
Yes, if you buy today and sell tomorrow, then there is no DP charges. If you sell after T+2, then DP charges are applicable at Rs.15.3/- per scrip, including GST. This is not depended on the quantity you are trying to sell.
Thank you very much
Hi,
Before opening my account with zerodha, I purchased a P group share through my previous broker. After i transferred these shares to zerodha, i was surprised to know from your support team that i cant trade in these shares!! If other broker can, why cant zerodha? Please help me in finding a solution.
Hi,
Also, my previous broker allowed me to use my holding as margin to trade in shares but zerodha doesnt ( i am not talking about pledge!.
We allow pledging of shares, which all release additional margins for you to trade. You can opt for this. This is essentially what your previous broker does.
Hi,
I have found multiple discrepancies in my account PA2411 in the past two months (October 2017 and November 2017). I have previously informed the zerodha support team about this but to no avail. Please look into the matter and take corrective action.
I’d suggest you please email [email protected] about this. Thanks.
Hello sir,
I downloaded my Profit & Loss Statement from Q Zerodha which shows that I have gained profit but in actual my initial funds are less than what i transferred. Is it due to DP charges as your P&L does not show any DP charges.
Please provide me details – how much DP charges are charged on how much quantity and amount of transaction.
Is there any tip for DP charges while doing intra day that you would like to suggest me.
Hi,
I have purchased some share from nse under CNC around 10 days back . Now I want to sell the shares in BSE. How Can I do it through Kite. I don’t see option to select exchange while selling the share. Please advise.
When loading the stock on the MarketWatch, select the stock from BSE.
When you choose to sell from your Holdings, it will sell in NSE.
To sell in BSE, add the BSE scrip into your marketwatch(Eg. “Infy BSE”). Place a CNC sell order from the Marketwatch(not from holdings). The order will route through BSE
Can I use for-loop in my trade-script?
Is there any function to get Open position of scrips?
Its best you post this question here – https://kite.trade/forum/
Hello,
I need to transfer shares from my mother’s demat account to my demat account (both accounts with zerodha). How could I do that?
Regards,
Aniruddha
You need to request for DIS slip for this. Request you to contact our support desk. Thanks
My absolute profit is Rs 507 till now but when i add holdings+positions+free cash in zerodha kite it shows a profit of Rs327. Why??
Can you check your Profit & Loss statement in Q- Backoffice>> Reports? This will help you understand your actual profits.
Do keep a note on brokerage and charges in the List of Charges
if I buy stocks in Cash and Carry basis but sale it in same day , should I have to pay any fine ? and what charges will apply in this transaction.
No, not really. This will be considered as as intraday trade and brokerage will be applicable accordingly.
Hi Team,
I have one case hope you will answer me , on 7.12.2017 I have brought Dixon 29 shares , and yesterday 11.12.2017 I have sold my 29 stock in delivery and cleared my position later I have got a message that there is a payout shortage for 20 shares and auction will be made when I received the contract copy I see that my shares are sold two times once when I sold and once the auction for 20 shares .
I see that my account has been credited and in P & L account there it is showing one open sell position for 20 shares can you please explain me why this has happened and what will be the next steps ? do I need to really worry I see the share is going down now .
Looks like a case of Short Delivery.
However, can you contact our Support for a more specific resolution?
I opened a new account on Friday I.e 8 December and on the same day I sent the POA form .today is 12 December and still iam unable to sell the shares and speed post tracking shows delivered to zerodha on 11 December.
Suggest you please contact your sales manager for this or you could send an email to [email protected] for this.
How to know about my sales manager as I opened account through website only with ekyc.
Suggest you drop an email to [email protected] for this.
Hi,
I did a buy and sale of share on the same day both in CNC mode.Lets say the net profit(all brokerage+levies etc. deducted) here as P1.
Later in the day I bought the same share again on CNC and is holding the stock.
Now:
1. When will profit P1 will be shown as realized profit?means when will I have that profit added to the account value?
2.The paper profit for the second CNC is being shown based on average price of both the buy trades on the “position page” on Kite.Should it not be showing the paper profit based on the buying price of the second trade only as I have already sold the first stock brought earlier?
These are all today’s trades.
Kindly calrify.
1) Yes, you will get the credit for P1, you can withdraw this on the 2nd day
2) Kite cannot differentiate this as both the trades are on CNC.
Hi,
I purchased laxmi vilas share on 05.12.2017 and record date for right issue entitlement is 06.12.2017. whether i am eligible ot not for right issue.
No, I dont think you are eligible.
Sir I bought 4500 shares of niftydec10000pe at cost of 34.21 rs at time of 3:20 .what will be brokerage for me. ..plz reply
The brokerage charged will be Rs.20. You can check the same in the contract note which will be mailed across to you. I’d also suggest you check the brokerage calculator here – https://zerodha.com/brokerage-calculator
This chapter needs to be updated to include GST
Thanks for pointing this out, will do the needful.
Hi Zerodha Team,
I buy 100 shares by using CNC option. Per share value is 320 rupees and after one hour it moved to 330 rupees so I decided to sell it on same day will is there any risk involved? to do Intraday we need to use always MIS option.
No risk involved, you make a profit of Rs.10 share. Yes, MIS product offers higher leverage.
Hi Karthik,
To summarize Venkat’s point, CNC can be used for both Intraday and Delivery. If we choose CNC and sell it on
T day – it is Intraday (Brokerage:Yes)
T+1 – It is BTST(Brokerage:Yes)
>T+2 – It is delivery.(Brokerage:No)
If we choose MIS, trade is valid only for Intraday. Is my understanding correct?
In Zerodha ZConnect, I have read a point that we cannot sell CNC until it is available as holdings.
Link: https://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/orders-place-modify-cancel-view
Yes, that is right.
Can I buy first and sell later shares on the same day? What is the process in this case? How the realization and money flow will be?
Yes, this is a straightforward intraday trade. Your P&L will the difference between the buy and sell price, multiplied by the number of shares. The money will be credited to your trading account by end of the day.
Hi,
If I hold 100 shares in my demat account and one day I sold same quantity and again purchased on same day. My initial buy price 100. My sell Price 150. My second buy price on same day 160. So here should I have to pay capital gain tax 15% for my profit of 100 * 50 ? As i sold and purchase on same day my avg price is still will be shown as 100. I am aware that settlement will be happen between my sell and purchase of same and I will incur a loss of 100 * (160-150) which will be debited from my account (I think so). So I am not very clear on tax part. Can you please explain ? All transactions are within a year.
When you buy & sell stocks the same day, they have no bearing on the stocks held in your demat account. The trade is considered an intraday trade and as per section 43(5) of the Income Tax Act, 1961, profits earned by trading equity or stocks for intraday or non-delivery is categorized under speculative business income.
There is no fixed rate like capital gains tax rate when you have a business income. If you have a business income, it has to be added to the rest of your other income and tax has to be paid as per the tax slab you fall in.
Hi Venu Madhav, Thanks for your quick response.
I do not have any business income so can you please tell me from above example fro my profit of Rs.5000/- how much tax I supposed to pay apart from normal transaction charges which I can see in my contract notes anyway. I was doing this buy and sell of same day since few days by maintaining my initial buy price as same but getting advantage of price variations. But now I am worried that my every time when I sell I may end up with paying taxes on profits (which is more than 50K in my case).
I do intraday and CNC same day trading for TV18BRDCST, but i am not able to clear or exit from CNC holdings stocks. pls suggest
If you are doing intrday, then use MIS as product type.
Hello sir,
I sell a share today which I bought yesterday using CNC. free cash came into my account so I used that to buy other company share .
I want to know that can we buy share and sell and again buy on same day using CNC if free cash come into our account after selling shares .Is there any penalty involved in it ?
Can we buy other company shares just using free cash that is showing just after selling some shares of a company on same day using CNC ?
When you sell shares from CNC, you get credit towards the sale. You can use these credits towards other market activity.
Few more queries.
I have gone through the charges list for zerodha, still there are few queries
1. What are the order cancellation charges (if any).
2. Are there any charges on modifying the orders ?
3. Can transaction charges + other charges be more than profit earned ? (everyday I am having profit of around Rs 200 but amount is getting debited from my trading account at the end of every day. Why ?)
In addition to this,
Everyday I can see stamp duty of Rs 50 in my every contract note. Why it is so high?
So overall everyday even earning Rs 200 profit I have a loss of 250+ (only deductions happens. No credit)
even I have observed that for this amount of profit brokerage charges are also ~80 Rs. !!!! which is quite high.
Are there any internal clauses which are not disclosed to us ? because of which we are facing so much losses day by day ?
Stamp duty charges are set by the government, we cannot really do anything about this. All charges are explained here – https://zerodha.com/charges
1) No charges for this
2) No
3) Yes, in fact, this should be your trading objective – to make money over and above all the applicable charges. I’d suggest you use this calculator here to understand how many points per trade you need to be profitable. https://zerodha.com/brokerage-calculator
Thank you karthik for the response,
1. And yes I am using the brokerage calculator. Till now I haven’t been in loss in any of the orders placed. But still the next day I login to see my balance, it is always reduced by approximately 50-60 Rs. At the end of every day I have seen in the positions that I am in profit
Is anything going wrong ?
2. in the contract notes I can see that “Amount receivable by client/(payable by client) to be positive.
does this field indicates amount to be credited/ debited In my account? It should be positive or negative ?
No, Amey, you are not factoring in the charges properly. Check the contract notes for clarity and please contact the support for a detailed explanation. Thanks.