@Zerodha,
Please give INCENTIVES to 60-Day challenge winners.You can think of reducing
brokerage by 2Rs for for each WIN till Rs.10 per trade .That is 20-18-16-14-12-10
for each 60day win.Any how the chances of winning
even at reduced brokerage is rather good.More and More people will join
the contest.
Still you can advertise like others "TRADE WITH US ,@10/trade *"
(*conditions apply)
For the challenge winners brokerage is refunded, means brokerage is Zero. I am not sure why you want the brokerage to be 18 Rs for the challenge winners.
You did not catch my point.Even every winner will pay Rs.20 per trade initially and
after winning the contest ,entire brokerage will be returned.By paying 18 rs per
trade ,it makes a bit easier to win the contest.I hope you are clear now.
Please bear in mind that everyone pays 20 Rs/per trade initially.
This way Zerodha will have to refund less
Shekhar,
Perhaps an example ,put this in a better ,perspective.
Consider a person made a profit of 5000Rs in 60-days.
In the process generated a brokerage of 5200 (@ 20 per trade).
Clearly ,lost the competition (5000-5200=-200).
If the brokerage were 18 per trade ,that person would have generated
a brokerage of 4680.
Clearly ,wins the competition (5000-4680=320).
This is what I mean low brokerage.
Now-a-days ,REVERSAL of brokerage is adopted by many.
Anyhow ,ZERODHA remains a torch bearer.