- Are DP Charges applicable for NIFTYBEES and BANKBEES
- Why are DP Charges applicable.
I have read multiple posts on DP charges, but unable to understand why the charges are so high.
Ref: Why do we need dp charges?
Now that everything is maintained electronically ( i presume) are 13+ Rs. per sell of script too high or 4.5 whichever is correct.
- I read multiple places where zerodha has given justification on different DP charges by diff brokers.
Zerodha says other brokers charge higher brokerages, so can afford to lower DP.
How is brokerage charged by Broker, and DP charged by DP different entities, related to each other
Ref: Are DP charges charged irrespective of the quantity?
- I see that 8 Rs is going to Zerodha as DP charges, so shouldn’t zerodha advertise this, that 8 is going to zerodha pocket, and not advertise 0 brokerage
I am working on HFT for NIFTYBEES and BANKBEES, based on recent volatility. I was hoping to take advantage of zero brokerage from zerodha. But looking at 13+ charges per sell side, these trades are not viable.
So request you to please reply on above queries so that I can give up on my plan/strategy.