Does the Verified P&L include brokerage and charges, and how is it different from MTM?

Does the Verified P&L Include Brokerage and Charges, and How Is It Different From MTM?

Verified P&L shows gross profit or loss from trades. It does not include brokerage, statutory levies, taxes, or other charges. Use it to view performance before costs.

MTM vs Verified P&L

  • MTM (Mark To Market): The unrealised daily profit or loss on open futures positions for that trading day. It captures day-by-day movement and not the full journey of a position across multiple days.
  • Verified P&L: The overall profit or loss of open positions, regardless of when they were initiated. Use it for a holistic view across days.

Example

A FYERS client buys 1 lot of Nifty Jan Futures at 18,000. On day 3, the close is 17,950.

  • Positional P&L: (18,000 − 17,950) × 50 = ₹2,500 loss

A particular day’s MTM may show a profit if that day’s close rose versus the previous day, yet the Verified P&L across the holding period shows a ₹2,500 loss.

What If...

ScenarioSolution
Daily MTM shows profit, but Verified P&L shows a lossMTM is day-specific. Verified P&L tracks the position versus entry across days.
Need brokerage and taxes includedVerified P&L is gross only. Add charges separately for a net view.
Reviewing equities instead of futuresMTM is primarily a daily measure for futures. For equities, rely on Verified P&L.
No historical trades on FYERSVerified P&L requires trading activity. Generate it after you have FYERS trades.

Last updated: 28 Nov 2025