Received mail from Zerodha that from 1st April, 50% Cash component is mandatory even in Intraday, otherwise Brokerage of Rs 40 per order will be charged in place of Rs 20.
Effectively, this is a backdoor increase in brokerage. This will make intraday trading harder than it is currently.
Hi Anil, this isn’t a change in brokerage for intraday trades. As mentioned, this applies only when there is a shortfall in the required cash component, and we fund that gap.
If the required cash component is maintained, there’s no change to charges.
What having option to charge interest or extra brokerage?
We’ve gone with the flat per order charge instead of interest.
This will have huge implications even when cash fall by small amount, please rethink about it and find some other way to achieve the same.
When Equity market at low point this will have negative impact as traders will be forced to move from Equity to Liquid funds.
Can we say, “there is a change in brokerage for intraday trades for the case when adequate overall margin exists but 50% cash component does not exist” ?