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So, in that above example -

Traditional Broker:
ICICI Direct Brokerage = 390000 * 0.05% = Rs 195
ICICI Direct Transaction Charge = 390000 * 0.00185% = Rs 7.20

Discount Broker:
Zerodha or RKSV Brokerage = Rs 20
Zerodha or RKSV Transaction Charge = 390000*0.0021%= Rs 8.20

If I go with Sharekhan, their transaction charges are flat? Rs. 325? That's huge (Rs. 325) as compared to ICICI direct's Rs. 7.20

Is my understanding correct? What am I missing?