Comment on The race to Zero – Can the Indian brokerage industry survive?
commented on
14 Jun 2020, 01:43 PM
Don’t banks still doing Broking business(HDFC, ICICI, etc)… So if u compare with Zerodha model & ur point of view, im not sure how its goindg to reduce cost… in fact the charges from govt(STT, DP Charges, Stamp Duty, Reg Charges, Sebi Turnover Charge, GST, Capital Gain) are eating most of Retail trader money if he is making any… So ur model will not solve the costing issue… Govt need to restructure their charges system as well as transparency with no ambiguity on Audit related clause & in turn it will increase liquidity & this might force brokerage firms to reduce their charges as well… Nitin sir can guide more on this…