Kolkata: Reliance Money launched a platform on 2 February which would allow investors and traders unlimited trading facility at a fixed rate.
Executive director of Reliance Securities Vikrant Gugnani said the new product ‘Trade Unlimited’ priced at Rs6,000 would allow customers to trade at a competitive brokerage fee.
He said such accounts would be activated within 10-15 days of subscription and would remain valid for 90 days.
Gugnani said the present daily average trade on Reliance Money platform was Rs1,600 crore.
With a subscription base of 9.5 lakh, the company was in the process of expanding the branch network, he said.
At present, the company has around 45,000 touchpoints and 3,000 outlets.