Comment on The race to Zero – Can the Indian brokerage industry survive?

Nithin Kamath commented on 18 Oct 2019, 03:10 PM

About covered calls, to consider the stock holding as margin, the stock should be lying with the broker. Like I have mentioned above, in India unlike the US, the stocks sit in the client beneficiary account. Btw, you can pledge these stocks and take margin for writing covered calls. This is possible with us.
Margin benefit for hedged position is determined by the exchange/SEBI and not us. There is hope that soon it will get reduced from what is currently asked for. But not in our control again.

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