RKSV,
What is the logic of charging an upper cap of brokerage (prepaid plans)?
1. Basically, if a client is generating say over Rs.4000/- per month then he will obviously choose prepaid unlimited plan and save brokerage..
2. If a client is generating brokerage of say Rs.1000 per month, he will obviously not choose prepaid monthly plan.
So either way its a lose lose situation.. A high brokerage client will find his escape route by buying prepaid monthly plan and that's a big loss to you.. If a client is taking 1000 trades a month, he will save about 16,000 brokerage.. How do u benefit in the long run??