@nithin
Zero brokerage on equity delivery, incentivises, the right kind of risk taking moving traders towards long-term investment and away from shorter term speculation. I don’t think you should charge for equity delivery because it incentivises the right risk. It would be better to charge higher on F&O if needed, but spare equity delivery please.
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They are not similar. BSDA account now means up to 10 lakh rupees, but no AMC exists. AMC, anyway, is between 1 to 2% of our revenue. If we charged for equity delivery, it would be far higher (~10%).
We are still unsure what we’ll do. But will keep you posted.
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The charges, if any, would be Rs 20 or 0.3%, whichever is lower per order. Does it really matter? With all the regulatory attention on F&O, it is important for us as a business to pivot the business model.
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To add to your point, within our client base, the odds of getting right in the future are 1/2, and in options, it is 1/10. This is pre-charges.
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As I said, if any, it would be like how we charge for F&O or intraday trade. Rs 20 or 0.3% whichever is lower. Shouldn’t make a difference.
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Is this as a ground preparation for a some other KHAAS player entry into brokerage business? Has a similar scenario occurred in sectors like banking and telecommunications?
- FNO restrictions
- Possible brokerage business hit with True to the label
- The above both can contribute to some players to drop revenue and force to close shop or merge.
- Budget in the horizon with possible new fno taxation
Etc etc…
@nithin are we slowly moving towards this? (The Crude episode & the risk of running a brokerage business - #73 by jagira) 
That was 4 years back.
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That’s very convenient of you sir 
F&O charges are very high already, with many traders having to shell out 15-50% of profits (due to all kinds of charges). Yes it is a segment where multiple trades/legs are often required. There is no doubt in my mind, that Equity is the segment that must be charged (if at all), btw I invest in Equity and also trade F&O.
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Hi Nithin, how about for equity delivery of stocks and etf ? Will the same above charges apply? Currently delivery is 0 and seems that you charge only on sell side.
Currently sell side on equity delivery is also 0. DP charges (~15 + GST) are different from brokerage.
I see. What does it mean by DP charges ? I was always thinking that it’s the brokerage ? 
confused haha
DP charges goes for CDSL
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Not entirely. There’s a cut for both depository and broker.
You are wrong. Icici direct has plans of 20 rs per order called ivalue. And if you trade using their api, it is 0 brokerage for f&o. P.S : Haven’t traded in their api
@nithin don’t you think the sebi regulation will slowly destroy small brokers and the bigger ones with banking/finance arm will survive like jio did for telecom.
Lets say if these guys cut their competition with fixed brokerage, don’t you think in future all brokerage firms will be just a finance company like MTF? or a AMC/MF company?
Is it a plan of JIO to increase the cost of all other plans and then only they will be providing a TRULY FREE DEMAT account?
They will be the SAVIOUR of the Traders…
Obviously for few years only until they kill most of the competition, and then the real price increase will come. 
This is the JIO model (Built to support the average INDIANs 
)
THE MASTERSTROKE !! 
Note: As we recently saw from hindenberg report, SEBI works to benefit CORPORATES more than the retail…
For your information…
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Is there a ratings metrics for Market regulators on a global scale? ie. SEBI via FCA etc
see this is Ambani plan - ambani need to enter the capital market - SEBI will work will favour to adani and ambani not for us
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SEBI is playing like Gully danda,