Skip to content
stockcalculator.in

m.Stock Brokerage Calculator

Half of a famous twenty — that is m.Stock's pitch: ten rupees per executed order across delivery and everything else. Selling shares adds an eighteen-rupee depository charge plus GST, and the account carries no annual maintenance under its lifetime-free plan. Enter your buy and sell turnover to see what that halved flat fee means in rupees for your actual position sizes, statutory levies itemised beside it.

Loading the calculator…

How to use this calculator

  1. Enter buy-side turnover for the delivery order you are pricing.
  2. Add sell-side turnover at exit; each leg pays its own ₹10.
  3. Note the DP line of ₹18 plus GST applying once per scrip per day on sells.
  4. Remember the first thirty days run at zero brokerage — figures here model the standard schedule after.
  5. Compare the ₹10 structure against zero-delivery rivals at your real turnover before concluding.

The formula behind it

Brokerage is a flat ten rupees per executed order regardless of value, applied to both buying and selling legs. The statutory stack around it matches every other page here: STT rounding up from 0.1% per leg, NSE transaction charges of ₹2.97 per lakh per side, IPFT's paisa-per-lakh, SEBI fees at ten-per-crore, stamp duty at 0.015% on purchases only, and eighteen percent GST computed on the brokerage-plus-exchange-plus-SEBI combination. Exits additionally carry an eighteen-rupee depository debit plus GST, once per scrip per day.

Worked example

A salaried investor builds a position slowly — four buys of ₹25,000 spread over two months — then exits the full ₹1,10,000 holding in one order when a target arrives. She wants the true all-in cost of this patient pattern under m.Stock's schedule.

Inputs used in this worked example
Buys4 orders × ₹25,000 = ₹1,00,000
Sell1 order × ₹1,10,000

Step by step

  1. Brokerage: ₹10 × 4 buys + ₹10 × 1 sell = ₹50
  2. Statutory floor: STT ₹210 combined + txn ≈ ₹6.24 + IPFT ≈ ₹0.21 + SEBI ≈ ₹0.21 + stamp ₹15
  3. GST ≈ 18% × (₹50 + ₹6.24 + ₹0.21) ≈ ₹10.19
  4. DP: ₹18 + GST ≈ ₹21.24 on the single exit scrip

All-in ≈ ₹313 across eleven lakh of turnover — roughly 0.028% — with the patient stagger costing just thirty rupees extra brokerage over a lump-sum entry thanks to the low flat rate.

Frequently asked questions

Is the ₹10 rate really uniform across all segments?

Yes for equity delivery, intraday, futures and options per current published pricing — unusual among brokers who price segments differently. Confirm your account plan reflects it, since introductory windows differ.

What does the lifetime-free AMC plan involve?

A one-time fee converts the demat account to permanent zero annual maintenance; otherwise standard AMC applies. For long holders the one-time amount typically repays itself within a couple of quiet years.

How does ₹10 compare against zero-delivery platforms?

Per round trip you pay ₹20 more than a zero-brokerage rival, offset partially if its DP charge runs heavier than m.Stock's ₹18-plus-GST. Below roughly ₹20,000 order values the percentage burden of even ₹10 becomes noticeable relative to zero.

Are there call-and-trade or platform surcharges?

Published pricing lists zero call-and-trade and zero platform charges, which removes two surprise lines common elsewhere. Statutory levies still apply exactly as itemised by this calculator.

The economics of half-a-flat

Pricing at ten rather than twenty rupees looks cosmetic until frequency enters. An investor executing fifty delivery orders yearly saves five hundred rupees outright against a flat-twenty rival — modest, but it compounds with every strategy that favours many small deliberate entries: pyramid building, sector rotation in tranches, dividend-timed top-ups. Low flats effectively subsidise discipline, letting position management happen on schedule rather than being rationed by toll anxiety.

Against zero-delivery platforms the comparison flips on size. Ten rupees is proportionally heavy below about fifteen thousand rupees per order yet trivially light above fifty thousand, so portfolio weight should guide platform choice more than trade count. Households running parallel accounts — one zero-delivery engine for core holdings, one low-flat venue for tactical trades — often settle on precisely this split after running both schedules through calculators like these with honest numbers.

Promotional zeros and the steady-state habit

New accounts enjoy zero brokerage for an initial window, which is genuinely useful for migrating existing holdings cheaply. The planning risk lies in extrapolating that welcome rate into future assumptions. This page deliberately models the standing schedule because cost comparisons deserve steady-state truth: the fee you will pay in month seven matters more than the one waived in month one.

Adopt a simple ritual whenever opening any new broking account: record the promotion end date next to your first trades, then rerun this calculator with standard settings for a representative quarter of activity. If the steady-state total still beats your incumbent, migration logic holds; if not, you have bought cheap optionality without committing your future flow to a mismatched schedule.

Related calculators

Data sources & verification dates

stockcalculator.in Research Desk — Editorial team; verifies every figure against official sources before publishing

Reviewed by stockcalculator.in Research Desk — Schedule cross-checked against mstock.com/pricing

Last updated . Figures are re-verified against official sources on every revision — see our methodology.

Disclaimer

Brokerage schedules, statutory levies, and DP charges are set by each broker and the exchanges, and they are revised without notice. Figures shown are estimates for education and planning only. We are not SEBI-registered investment advisers and nothing on this site is investment advice. Always cross-check the broker's latest pricing page before relying on a cost estimate here.