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VPS Contract Note |
chandan8576
White Belt
Joined: 02 Nov 2010
Posts: 21
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Post: #1  Posted: Wed Jun 05, 2013 12:54 pm Post subject: VPS Contract Note |
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Just download the vps contract note. I want to compare the other broker to select the right and reasonable broker. Like zerodha provide Rs 20/lot where as vps provide Rs 10/lot.
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Download |
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PreMAXCAP.pdf |
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148.77 KB |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #2 Posted: Wed Jun 05, 2013 12:58 pm Post subject: Re: VPS Contract Note |
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| chandan8576 wrote: | | Just download the vps contract note. I want to compare the other broker to select the right and reasonable broker. Like zerodha provide Rs 20/lot where as vps provide Rs 10/lot. |
chandan, I don't like it. As per sebi's rule, contract must show actual buy/sell price and net buy/sell price inclusive of brokerage. If it is 20/lot and actual sell price is say 10 then net price is 9.60.
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chandan8576
White Belt
Joined: 02 Nov 2010
Posts: 21
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| Post: #3 Posted: Wed Jun 05, 2013 1:28 pm Post subject: |
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Sorry Zerodha provide 20/order where as vps provide 10/order.....  
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chandan8576
White Belt
Joined: 02 Nov 2010
Posts: 21
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| Post: #4 Posted: Wed Jun 05, 2013 1:37 pm Post subject: Re: VPS Contract Note |
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I think the contract note shows both values, gross and net. If you see first scrip trades - First order sell value is 3080 and second order sell value is 1507.5+1502.5 = 3010, so total gross value is 6090. In the scrip summary Net value is mentioned as 6070, that is 6090 minus the per order fee of Rs 10 for two orders. Is that the concern?
| vinay28 wrote: | | chandan8576 wrote: | | Just download the vps contract note. I want to compare the other broker to select the right and reasonable broker. Like zerodha provide Rs 20/lot where as vps provide Rs 10/lot. |
chandan, I don't like it. As per sebi's rule, contract must show actual buy/sell price and net buy/sell price inclusive of brokerage. If it is 20/lot and actual sell price is say 10 then net price is 9.60. |
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