Is there any plan in the pipeline to charge a penalty for the 50-50 cash collateral margin for intraday, which Zerodha introduced in December and then rolled back within a day?
My request would be not to do it, as it hampers the overall portfolio return and increases tax outgo a lot.plz reply so we can pivot acordingly.
I understand business is all about money, but this money was never theirs
I’m pretty sure while designing their fee structure they didn’t consider the rebate structure. Ideally it came just extra without effort. So now when thats removed they shouldn’t try squeezing customer base to cover.
but that being said, business is all about making money, today if i draw salary 2L per month and tmrw im getting 1.8L ill for sure try to make back that 20k somehow
The issue isn’t what you are saying. Generally, SEBI and the government seem likely to take action regarding F&O trading, making it tougher for retail to trade F&O. Given this, we need to anticipate that and pivot our business model accordingly. The entire business today is based on earnings from F&O.
@nithin sir
I am afraid of this, hmm:sweat_smile:
Already, there are so many challenges we as traders face, so at least we expect this much support from a platform that was started to ease traders’ lives with the intention of zero obstacles for trading.
This speaks volumes!! . When you say fno , is it index fno or stock fno sir ? Because they are openly debating only about stocks fno.
Also what you will suggest to people , who are full time traders and withdrawn from their job , and is successful in trading?
Just because they are in the retail class , does that mean they won’t be having no rights to trade in fno ?
you know how much we suffer - i have gsec more then 50 lakhs in my account - i pledge and trade , when they put rules need to maintain 50:50 cash equity rule by SEBI - after i purchase different date of maturity of bond - i pledge it - after one month some bonds are not eligible the CCL remove from the pledge list - now i sold every thing i buy sbi gilt fund ,
SEBI is how much they are giving trouble you know - now i know they will do some thing - so only i open in charles shaw account in USA i am investing in covered call ETF - every week they are paying i am reinvesting - apart from that , they approved to me to option trading all covered option - now i am consentrating in USA market - they have high liquid option market - the rules will not change periodically - in india SEBI wake up they change rules
i belive more money will move to USA market - and crypto option thats sure
@nithin Perhaps your opinion will be taken into account during the decision-making process? If so you might have expressed your opinion? Could you share a bit with us what’s the probability of tax increase for fno in your opinion?
BSNL is not rnning for profit purpose, its just a alive… and i am user of bsnl since 20 years, nothing changed in BSNL since i am using it… expect chargess increased due to other operator,
If SEBI wants to rationalize charges then shouldn’t they go after exchange transaction charges as well? If a non-government entity (NSE) has monopolistic (almost) pricing power then shouldn’t they regulate that too?
There is precedent for this with CERC introducing market coupling to break IEX’s monopoly of electricity contracts.
Any increase in brokerage can easily be offset by rationalizing these other charges.
If money moves towards outside of india then RBI comes to help SEBI by initiating LRS scheme to limit 250000 USD to somewhere 100000 USD may even less. And may increase tax slab its now 30% may even go higher
Other side not everbody can open US accounts bcz there are no flexibility like indian accounts need to pay live market data here its free, Most of the accounts required minimum even Charles schwab requires 25k USD and accounts for resident of india trade only in cash segments ,margins and options not possible.
So much of restriction for indians to trade even in and outside of india.