Can you consider to reduce brokerage cost, about high IGST payable by client?
Well, Zerodha does not charge a brokerage for delivery-based trading and the brokerage for all other trades is Rs.20 or 0.01%, whichever is lower. I don’t think reducing brokerage charges from these levels is economically viable for the business.
Also, the GST charged on your trades in your contract notes consists of a 9% SGST payable to the state government and a 9% CGST payable to the central government.
Which high IGST are you referring to?
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Zerodha is providing a better service and at nominal rate. I am comfortable with their current charges compared to other brokers.
True, to add it will be good if ZERODHA provide margin money for delivery positions. For mutual benefit!
I am not arguing whether Zerodha should reduce brokerage/charges or not. I believe every business should make money because its not a charity or non profit. Also I respect hard-work and intelligence. But at the same time if you are claiming it is not economically viable for Zerodha if brokerage reduced?
On internet I found that Zerodha made 350 Crores net profit during 2019 financial year and it is increasing because of additional revenues from additional clients (due to corona) , add on products like Sensibull, streak and more. And for most people this trading is still like going to casino so its a good business to be in.
So if you are saying if you reduce brokerage - Zerodha will not sustain?
Do you think everyone else (but Zerodha and its employees ) is dumb?
Like I said I am not jealous or critical about someone making money but if you are claiming that business will not sustain ? Stop misguiding innocent people.