Product updates over the last year at Zerodha

[abcd5662]

@Meher_Smaran

fixed brokerage isn’t really a viable option from a business point of view

I think this is an honest and good enough reason to say NO, and you have my respect for that. But you should probably stop there. We don’t expect you to run a charity and leave money on the table. However at some level, both you and @nithin know that it’s not a good enough reason given the perception zerodha has created for itself (deservingly so), hence the urge to come up with another reason to compensate by saying this

@Meher_Smaran

And this might also lead to complacency for traders as well in both the short and long run.

And I think bs like this coming from someone I admire so much (Nithin) is irritating. Another bs is Nithin saying:

@About Brokerage

The whole idea of charging flat fees per executed order is that the cost of executed order doesn’t go up with the size of the trade. So if someone buys 1 lot or 100 lots, the effort that we put is the same and hence charge the same.

While the effort can be the same, I assume that the exposure that zerodha takes with fno trades will be directly proportional to the volumes (blackswan events for brokers that Nithin keeps talking about while defending the brokerage fee).

And finally, this line:

@Meher_Smaran

I know this might sound a bit weird

or the other variation, “I know this sounds counterintuitive but…”. I feel it’s nice to use it once (I liked it when I first heard Nithin speaking it in some interview), but with everything you do if you start pretending it to be originating from the most altruistic motives, people just see through that.

PS - still a fan of everything you guys do like many others, so no need to be a hypocrite while answering difficult questions; is all I wanted to say.