Purchase of Birla Cotsyn through India Infoline

S

stocksplacement

Active Member
#1
#1
Hi,

One of my friend has purchased Birla Cotsyn at 1.35 x 1000 quantity. India Infoline has charged him Rs.50.00 as brokerage on the basis that the rate for Trade to Trade Stock is Rs.0.05 per share.

Please advise if the broker is right to charged Rs.50.00 on 1000 Quantity.
 
bunny

bunny

Well-Known Member
#2
#2
Yes, the broker is correct in charging in such manner. Their rightness comes from the fine print in which they mention that the minimum brokerage rate and how it would be calculated - per share, total transaction value, etc.
 
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