Big savings with zero brokerage

General
1

We’ve been running without equity delivery brokerage for 10 years now. Despite the drop in turnover, volumes, etc., we’re still sticking to zero. :smiley:

Quoting @nithin 's tweet:

It’s been around 10 years since we waived off brokerage for equity delivery. Even though there is extreme pressure to change the stance, given option trading volumes are down significantly, we’ve stuck with this so far.

Over the 10 years of being free, our clients have saved between Rs 2000 and 20,000 crores as equity delivery brokerage.

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GmjUNJUaEAAr5Aq1920×1346 137 KB

For more, here’s what Nithin has shared:

12 Likes
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with this figure @nithin_kumrr can i assume that 35% less people are trading aka less revenue this year ? comparing to last year average

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Brokerage is free but we still pay CDSL charges on every sell transaction

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43% down from ATH, equity turnover. Figures here: https://x.com/Nithin0dha/status/1895399305646575701

we are seeing degrowth in the business for the first time since we started 15 years ago.

:grimacing:

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