Count both sides
Buy turnover = buy orders × buy order value. Sell turnover = sell orders × sell order value. Brokerage is calculated per executed order, including the relevant percentage, cap and minimum. For tiny equity orders, a 2.5% maximum brokerage cap is applied to m.Stock and Angel One; contractual penny-stock rules can differ. Splitting ₹1 lakh into many small orders can cost more than one large order.