Equity delivery will continue to be free, according to Zerodha, and there won’t be any changes to broking at this time. The fees associated with trading options and futures will change as of October 1, 2024. The transaction charge for options will drop from 0.0495% to 0.035%, but the Securities Transaction Tax (STT) would increase from 0.0625% to 0.1%.
“We are not making any changes to our broking at this time.” The CEO of Zerodha, Nithin Kamath, stated, “On October 1, the stock market updated. For options, the STT increased to 0.1% from 0.0625%, while the transaction charge decreased to 0.035% from 0.0495%.
In the case of futures, STT will increase from 0.0125% to 0.02%, with the transaction charge marginally dropping from 0.00183% to 0.00173%. This results in a net gain in futures turnover of ₹735 per crore, or 0.00735%, according to Kamath.
He also said that for futures traders, the impact will be far greater than for options traders because STT covers the entire contract value.
Also Read:
The ‘Jamie Premium’ at JPMorgan will be Put to the Test when the CEO Succession Becomes Imminent
Factors to Watch Next Week: FIIs, Rate Cut, and Economic Data
