STT
Regulation & taxSecurities Transaction Tax — a government levy collected on exchange trades.
In plain terms
Often larger than your brokerage. Unavoidable, and charged on both sides for delivery.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Transaction costs
Trading & ordersThe total of brokerage, STT, stamp duty, GST, spread and impact.
In plain terms
Charged per trade, so frequency is the largest controllable drag on returns.
Brokerage
Trading & ordersThe fee a broker charges for executing a trade.
In plain terms
Only one line of the bill. STT, stamp duty and exchange fees are charged on turnover regardless of profit.