Why might the actual charges differ from estimated charges on order execution?

Price break up is the estimated pricing chart which contains break up of brokerage and other charges to be levied if you place a specific order. The charges levied in the contract note might vary from the price break up table due to any of the following reasons:

 

1. The price breakup shown is based on the LTP and not the execution. So, the numbers displayed are to give you an idea about the charges and break-up. 

For instance, Mr. Mahin, a client of FYERS, wished to buy 100 Qty of SBIN at the Market (LTP ₹535.80). He entered the required details and clicked on Price break-up.

The estimated charges displayed were ₹22.80. Mr. Mahin was okay with it and placed the order. 

 

The order gets executed at, say, ₹536.5. The total charges now amount to ₹22.82.

As the order was executed at ₹536.5, there is a difference of ₹0.02 between projected charges and the actual charges. 

2. The price break up displayed is on the assumption that the order you place will be executed in one go. However, there are times when the order splits based on the Bid/Ask availability. In such scenarios, the actual charges might be on the higher side compared to the projected number.

For instance, Mr. Mahin placed a market order in Bank Nifty 41400PE 4 lots (LTP ₹100). The price break up displayed the brokerage charges as ₹20. But this assumption is based on the order getting executed in one go. What if the quantities are split into two trades?

The actual charges will show an increment of ₹20+GST as the order is split and the brokerage is levied at ₹20 per executed order.

Hence, you may find difference in the estimated and the actual charges.

Note:

1. Orders are executed at the exchange based on the available Bid/Ask and FYERS do not have any control over it.
   
2. The price break-up will only include one side of the transaction. For example, if you place a Buy order, it shows only the charges for that Buy order. The same goes for a Sell order—only the Sell-side charges is shown.

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