A fortnight ago, we first broke the news of Reliance Capital Ltd entering brokerage services through their arm Reliance Money and not RTrade or Reliance Trade as reported by section of the press.
Reliance Capital Limited promoted Reliance Money’s brokerage structures are available with us. Reliance Money is offering a brokerage charge of 7.4 paise on every Rs 100 worth of delivery based trades, and 2 paise on non-delivery trades (a.k.a Intra Day) which rival brokers admit is the lowest in the industry so far.
Reliance Money will offer a common platform for investors to invest in all equity products, commodities, forex, IPOs, insurance and other financial products.
Retail brokerage houses fear that Reliance Money may rewrite the rules of the broking business, distorting business dynamics in the short term. This move will have a direct impact on the bottomline of speculative company like Indiabulls Financial Services Limited and India Infoline Limited.
Reliance Money is offering prepaid cards of value Rs 500, Rs 1,350 and Rs 2,500. An insider has tipped that a Kolkatta based brokerage house is coming with flat fee unlimited trades package. I will get you the details soon. Reliance has also launched a Credit Card in association with CitiBank.
For Details Contact: Jaya @ 98675- 70030. Tell her you were referred by DalalStreet.Biz WEBSITE to get an attractive offer.
Tags: Dalal Street, Invest India, IPO India, Reliance Capital