Finally full service broker have also started to provide unlimited trading plans to their customer. The first such plan is launched by Kotak in which after paying Rs 999 per year, you can trade unlimited in intraday for any equity segment including intra-day and F&O. That translate into Rs 4 per day of trading which is very low and can give even discount broker a run for their money. There would be Zero brokerage for any intraday trades you will do. This will bring their brokerage at par or even better than those provided by discount broker.
For delivery based trade, they will still charge a brokerage as per the plan you will take. This is a very competitive rate for intraday trading and customer who are getting little concerned with the reliability of discount broker, can start looking at this plan. [Read more…] about Free intra-day trading(FIT) with Kotak Securities