Reliance Money, one of the largest distribution and broking brands in India, today launched ‘Trade Unlimited’, a new product for customers that will allow unlimited equity trade for a fixed fee.

Trade Unlimited, priced at Rs 6,000 for three months, offers unlimited delivery trading both online and offline, and is available to new customers.

Speaking on the occasion, Reliance Money executive director Vikrant Gugnani said, ‘The equity market will continue to be volatile, but in the long run equity will provide good return in the capital market.

‘This is a product offered to the customers who can utilise the volatility in the market. We have various brokerage structures, so customers have the option to switch over to another brokerage structure,’ he added.

Reliance Money, which is a retail broking house, currently has Rs 1,600 crore daily trading volume.

The average brokerage fee would be about 0.23 basis points for trading of Rs one crore per month, Mr Gugnani said.

Informing that Reliance Money currently had 45,000 plus touch points and 3,000 outlets over 650 plus cities, he said it had a massive expansion plan for 12 to 18 months.

‘Kolkata is an important market for us and we are keen to ramp up scale,’ he added.

UNI