Recently I won the 60 day challenge which I started in 29th April 2018. Was waiting for brokerage refund, however when that didn’t come, I contacted support team who mentioned that starting 25th April 2018 they’re not refunding brokerage, just providing winner’s certificate.
I request Zerodha team to provide some monetary benefits upon winning of 60-day challenge which provides more motivation compared to only winner’s certificate.
For managing profits, may be can reduce the max refund or some other way, but some monetary benefits should be provided on winning which boosts the sense of achievement (atleast for me).
The reason for stopping the brokerage refund wasn’t the revenue, but compliance. The exchanges don’t encourage any schemes/offers like this.
The Challenge(without the brokerage refund) will resume after we go live with the new Backoffice completely.