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...
| Scenario | Solution |
|---|
| Daily MTM shows profit, but Verified P&L shows a loss | MTM is day-specific. Verified P&L tracks the position versus entry across days. |
| Need brokerage and taxes included | Verified P&L is gross only. Add charges separately for a net view. |
| Reviewing equities instead of futures | MTM is primarily a daily measure for futures. For equities, rely on Verified P&L. |
| No historical trades on FYERS | Verified P&L requires trading activity. Generate it after you have FYERS trades. |
Last updated: 28 Nov 2025
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