Please see the Link http://www.kotaksecurities.com/landingpage/Minimum-Brokerage-FAQs.htm that i received from kotak. Brokerage costs would grow exponentially if this is implemented. It would kill small traders and investor population with Kotak. This kind of brokerage structure was the very reason why I had shifted few years ago from Angel Broking to Kotak. This brokerage structure would hurt sentiments of Small Investors and traders like me. See the increase in brokerage in terms of %.. This is bad news. Every trade has to be equal or more than Rs 7000 for a person whose brokerage is 30 Paise in Delivery to be able to skip this bad scheme.
Brokerage costs would grow exponentially if this is implemented.
It would kill small traders and investor population with Kotak.
This kind of brokerage structure was the very reason why I had shifted few years ago from Angel Broking to Kotak.
This brokerage structure would hurt sentiments of Small Investors and traders like me. See the increase in brokerage in terms of %.. This is bad news. Every trade has to be equal or more than Rs 7000 for a person whose brokerage is 30 Paise in Delivery to be able to skip this bad scheme.
Amount Current Revised %Increase
100 0.3 2.5 733
250 0.75 6.25 733
350 1.05 8.75 733
400 1.2 10 733
500 1.5 12.5 733
750 2.25 18.75 733
1000 3 21 600
1250 3.75 21 460
2000 6 21 250
3000 9 21 133
4000 12 21 75
5500 16.5 21 27
6500 19.5 21 8
7000 21 21 0
This is not good..I am not happy and I certainly don''t want this structure of brokerage. Please do something about it.