Sharekhan Brokerage Calculator Excel 2016

Sharekhan Brokerage Calculator (Excel 2016 Format)

Total Turnover: ₹0.00
Brokerage: ₹0.00
STT/CTT: ₹0.00
Transaction Charges: ₹0.00
GST: ₹0.00
SEBI Charges: ₹0.00
Stamp Duty: ₹0.00
Total Charges: ₹0.00
Net Profit/Loss: ₹0.00

Comprehensive Guide to Sharekhan Brokerage Calculator (Excel 2016)

Understanding brokerage charges is crucial for traders and investors to optimize their returns. Sharekhan, one of India’s leading brokerage firms, offers various trading plans with different fee structures. This guide explains how to use the Sharekhan brokerage calculator in Excel 2016 format, helping you calculate precise trading costs before executing orders.

Why Use a Brokerage Calculator?

  • Cost Transparency: Know exact charges before trading
  • Profit Optimization: Compare different trade scenarios
  • Plan Selection: Choose the most cost-effective brokerage plan
  • Tax Planning: Understand STT/CTT implications
  • Risk Management: Factor in costs when setting stop-loss levels

Key Components of Sharekhan’s Fee Structure

  1. Brokerage: Varies by plan (fixed ₹20/order or percentage-based)
  2. STT/CTT: Securities Transaction Tax/Commodities Transaction Tax
  3. Transaction Charges: Exchange fees (NSE/BSE levy)
  4. GST: 18% on brokerage + transaction charges
  5. SEBI Charges: ₹10 per crore turnover (₹1 for <₹10 lakhs)
  6. Stamp Duty: State-specific (0.003% to 0.015%)

Sharekhan Brokerage Plans Comparison (2024)

Plan Name Brokerage (Equity Delivery) Brokerage (Intraday) Brokerage (F&O) Minimum Brokerage Account Opening
Prepaid Plan ₹20 per order ₹20 per order ₹20 per order ₹20 ₹750
Percentage Plan 0.50% 0.10% 0.10% ₹25 Free
Classic Plan 0.30% 0.03% 0.03% ₹25 ₹750

How to Create a Sharekhan Brokerage Calculator in Excel 2016

Follow these steps to build your own calculator:

  1. Set Up Input Cells:
    • Buy Price (Cell B2)
    • Sell Price (Cell B3)
    • Quantity (Cell B4)
    • Trade Type (Data Validation: Delivery/Intraday/F&O)
    • Brokerage Plan (Data Validation: Prepaid/Percentage/Classic)
  2. Create Calculation Formulas: 
    =IF(B5="Delivery",
    IF(B6="Prepaid", 20,
        IF(B6="Percentage", 0.005*B2*B4,
            IF(B6="Classic", 0.003*B2*B4, 0))),
    IF(B5="Intraday",
        IF(B6="Prepaid", 20,
            IF(B6="Percentage", 0.001*B2*B4,
                IF(B6="Classic", 0.0003*B2*B4, 0))),
        IF(B6="Prepaid", 20,
            IF(B6="Percentage", 0.001*B2*B4,
                IF(B6="Classic", 0.0003*B2*B4, 0)))))
  3. Add Tax Calculations:
    • STT: =IF(B5=”Delivery”, 0.001*B2*B4, IF(B5=”Intraday”, 0.00025*B2*B4, IF(B5=”F&O”, 0.0001*(B2*B4+B3*B4), 0)))
    • Transaction Charges: =0.0000325*(B2*B4+B3*B4)
    • GST: =18%*(Brokerage+Transaction Charges)
    • SEBI Charges: =MAX(1, 0.000001*(B2*B4+B3*B4))
    • Stamp Duty: =0.00003*(B2*B4)
  4. Final Profit/Loss Calculation: 
    =(B3-B2)*B4-(Brokerage+STT+Transaction Charges+GST+SEBI Charges+Stamp Duty)

Government Regulations Affecting Brokerage

The Securities and Exchange Board of India (SEBI) regularly updates regulations that impact trading costs. Key regulations include:

  • SEBI Circular on Brokerage (2020): Capped maximum brokerage at 2.5% of trade value. Most brokers now charge between 0.01% to 0.5%. (SEBI Official Website)
  • STT Rates (2023): Different rates for delivery (0.1%), intraday (0.025%), and F&O (0.01% on premium). (Income Tax Department)
  • GST on Financial Services: 18% GST applies to brokerage and transaction charges since July 2017. (GST Portal)

Advanced Excel Features for Brokerage Calculation

Enhance your Excel calculator with these advanced techniques:

  1. Data Validation:
    • Create dropdowns for trade types and plans
    • Set minimum/maximum values for price/quantity
  2. Conditional Formatting:
    • Highlight profitable trades in green
    • Show loss-making trades in red
    • Use color scales for brokerage percentages
  3. Pivot Tables:
    • Analyze brokerage patterns across different stocks
    • Compare costs between delivery and intraday trades
    • Summarize monthly/quarterly trading expenses
  4. Macros for Automation: 
    Sub CalculateBrokerage()
    ' Update all calculations
    Calculate

    ' Format profit/loss cell
    If Range("B15").Value > 0 Then
        Range("B15").Interior.Color = RGB(200, 230, 200)
    Else
        Range("B15").Interior.Color = RGB(255, 200, 200)
    End If
End Sub

Common Mistakes to Avoid

Mistake Impact Solution
Ignoring STT in calculations Underestimates total costs by 0.025%-0.1% Always include STT based on trade type
Using wrong brokerage plan May show incorrect cost comparisons Verify plan details with Sharekhan
Forgetting GST on charges 18% additional cost not accounted for Add GST to brokerage + transaction charges
Incorrect turnover calculation SEBI charges and stamp duty miscalculated Turnover = Buy Value + Sell Value
Not updating for regulatory changes Outdated tax rates or charges Check SEBI circulars quarterly

Alternative Tools to Excel Calculators

While Excel provides flexibility, consider these alternatives:

  • Sharekhan’s Online Calculator: Official tool with real-time rates
  • TradingView Pine Script: For automated calculations in charts
  • Google Sheets: Cloud-based with collaboration features
  • Mobile Apps: Brokerage calculators for iOS/Android
  • API Integrations: Connect to trading platforms for live data

Case Study: Cost Comparison for Different Trade Types

Let’s compare costs for a ₹1,00,000 trade across different scenarios:

Parameter Delivery (Prepaid) Intraday (Percentage) F&O (Classic)
Trade Value ₹1,00,000 ₹1,00,000 ₹1,00,000
Brokerage ₹20 ₹100 (0.1%) ₹30 (0.03%)
STT ₹100 (0.1%) ₹25 (0.025%) ₹20 (0.01% on premium)
Transaction Charges ₹6.50 ₹6.50 ₹6.50
GST (18%) ₹4.67 ₹21.57 ₹6.47
SEBI Charges ₹1 ₹1 ₹1
Stamp Duty ₹3 ₹3 ₹3
Total Cost ₹135.17 ₹157.07 ₹66.97
Effective Rate 0.135% 0.157% 0.067%

Exporting to Excel 2016 Format

To use this calculator in Excel 2016:

  1. Copy the input values from our web calculator
  2. Open Excel 2016 and create a new workbook
  3. Paste values into cells (use “Paste Special” > “Values” for numbers)
  4. Set up the formulas as shown in the earlier section
  5. Format cells for currency (₹) with 2 decimal places
  6. Add conditional formatting for profit/loss visualization
  7. Save as .xlsx file for compatibility

Future Trends in Brokerage Calculations

The brokerage landscape is evolving with:

  • AI-Powered Calculators: Predictive cost analysis based on trading patterns
  • Blockchain Settlement: Potential reduction in transaction costs
  • Regulatory Changes: Possible STT rate adjustments in Budget 2025
  • Zero-Brokerage Models: Increasing competition may reduce costs further
  • Integration with Trading Bots: Automated cost optimization

Frequently Asked Questions

Q1: How accurate is this brokerage calculator?

The calculator uses Sharekhan’s published rates as of 2024. For complete accuracy:

  • Verify your specific plan details with Sharekhan
  • Check for any promotional offers or discounts
  • Confirm state-specific stamp duty rates

Q2: Can I use this for options trading?

Yes, select “Futures & Options” as the trade type. Note that:

  • Options brokerage is typically charged on premium value
  • STT for options is 0.05% on premium for selling
  • Exercise transaction attracts additional charges

Q3: How does GST affect my trading costs?

GST at 18% applies to:

  • Brokerage charges
  • Transaction charges
  • Does NOT apply to STT, SEBI charges, or stamp duty

Example: If brokerage is ₹100 and transaction charges are ₹5, GST = 18% of ₹105 = ₹18.90

Q4: What’s the difference between turnover and trade value?

Trade Value: Buy value OR sell value (whichever is higher for delivery)

Turnover: Buy value + Sell value (used for most charge calculations)

For intraday/F&O: Both buy and sell contribute to turnover

Q5: How often do brokerage rates change?

Sharekhan typically reviews rates:

  • Annually in April (financial year change)
  • After major SEBI regulatory updates
  • When introducing new trading plans

Always check the official Sharekhan website for current rates.

Q6: Can I negotiate brokerage rates with Sharekhan?

Possibilities include:

  • Volume-based discounts (for high-value traders)
  • Corporate/employee schemes
  • Promotional offers for new accounts
  • Bundled services (demat + trading + research)

Contact Sharekhan’s customer service with your trading volume details for potential discounts.

Q7: How do I account for brokerage in my income tax return?

Brokerage and other trading expenses are:

  • Deductible from capital gains (both short-term and long-term)
  • Should be reported in Schedule CG of ITR-2/ITR-3
  • Requires proper documentation (contract notes)

Consult a tax professional for specific advice based on your trading volume and income sources.

Q8: What’s the minimum brokerage charged by Sharekhan?

Minimum brokerage depends on the plan:

  • Prepaid Plan: ₹20 per order (regardless of trade value)
  • Percentage/Classic Plans: ₹25 per order (or calculated percentage, whichever is higher)

For very small trades, the minimum brokerage can significantly impact costs.

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