I noticed this that when you put a CNC limit/market order and if you split this in smaller amounts, you probably have to pay lesser charges (tax & others) compared to if you were buying in bulk
Here is a small example.
GOLDBEES with 100 quantity charges 7.28
GOLDBEES with 50 quantity charges 3.14
So if you put 2 split orders of quantity 50 each, you will cumulatively be charged 6.28 rupees on this order compared to 7.28 in bulk order
Is this a known phenomenon? What causes this?
When I put these numbers through Brokerage calculator – Zerodha, results are same.
Is there an optimum split that I should do, rather than placing a bulk order?