Hello VNS,
Maybe now it is time to do away with the 2 different plans and combine them into one - 0.007% or Rs. 15/-, whichever lower (i.e. max Rs. 15)
You see, the problem is that the power plan is cheaper for futures, and the value plan (my current plan) is cheaper for equities. Of course, the Power plan would be cheaper for equities if sufficient quantities were traded in one order.
e.g. If I buy 500 shares of Unionbank @94.7 and sell at 95, then the brokerage as per the power plan is Rs. 30 for the round trade, whereas for value plan it is Rs. 6.64; a huge gap. Of course, there would be no gap if I trade 2300 quantity.
Since I use the bracket order for intraday, there is a goodly chance that my buy order may be executed in more than one trade, thus generating multiple sell (target) orders, each costing Rs. 15 in power plan; whereas for value plan there would be no difference in brokerage whether it was executed in one part or 20.
Coming to futures, the power plan is certainly cheaper. If I trade 1 lot banknifty, then the brokerage for one round trade using the power plan is Rs. 30, whereas for value plan it is about Rs. 140. The gap is huge and a deterrent.
So, I revert to my original request - combine both the plans and offer 0.007% or Rs. 15/- per trade, whichever is lower. This is just a suggestion.