Summary of key results · M00 On-ramp

Result	Statement
T+1	Trade on T; funds and securities settle on the next trading day; since 11 Nov 2024 the CC pays out shares directly to the client's demat account.
Market order on a book	Average price = $\sum_\ell q_\ell p_\ell / Q$ over the levels consumed; impact = average minus mid.
Monthly rate (0.1)	$i_{\text{eff}} = (1+r)^{1/12} - 1$ , $i_{\text{nom}} = r/12$ .
SIP future value (0.2)	$FV = P(1+i)\big((1+i)^n - 1\big)/i$ (start-of-month instalments).
XIRR (0.3)	Root of $\sum_k c_k (1+x)^{-t_k} = 0$ , $t_k$ = days/365; unique when outflows precede inflows (Prop. 0.2).
Retail allotment (0.4)–(0.6)	$p = K/N$ ; $p \approx \bar a / x$ ; $P_m = 1 - \prod_{j<m}(N-K-j)/(N-j)$ .
Round-trip costs (6 Nov 2026)	Intraday ₹1 lakh: ₹82.68; delivery ₹1 lakh: ₹237.82 incl. DP; Nifty option example: ₹65.11.
Equity tax (TY 2026-27)	STCG 20%; LTCG 12.5% above ₹1.25 lakh; intraday speculative (slab, 4-year carry-forward); F&O non-speculative (slab, 8 years, not against salary).
Turnover (0.7)	$\sum
Advance tax	15% / 45% / 75% / 100% by 15 Jun / 15 Sep / 15 Dec / 15 Mar if tax ≥ ₹10,000.