Minimum brokerage Charge Scrapping/Capping to a very low value for retail investors
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This is with reference to minimum brokerage fees that get applied by all the brokers on per order execution
We would like to appeal you to bring some regulation around this charges as they usually start around 20 Rs and above per executed order that amounts to a big sum considering size of orders we do as retail investors. Also this is for a single order so for overall orders executed across month(s) and year sum will go quite higher.
We are happy with fixed agreed and brokerage charges and not looking to hurt profitability of business but really would be greater help if charges are kept reasonable inline with % brokerage systems that is applied for transactions that exceed minimum brokerage charges.
It will really help small retail investors and improve participation in markets if this price structure is well regulated and kept inline with fixed % brokerage and minimum brokerage system is scrapped or very small amount cap on minimum brokerage is applied. In this age where orders are executed electronically with very less intervention from human side on order execution flow we fill that such cost structure should not hurt on profitability. With more participants due to above change any small dent in profitability should get compensated.
Kindly give due consideration to above and do the needful for such cases so that situation turns to win win for brokerage and investor community all in all
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