Comment on Mandatory TOTP for illiquid risky contracts

SD commented on 17 Jul 2020, 01:51 AM

Hello Nithin & team,
It is very sad to see that our favourite broker Zerodha has stopped listening/solving some genuine problems of its customers while enforcing this compulsory TOTP features. A few examples:
1. If you don’t have smartphone you can not invest in most of companies having Mcap less than 500 Cr.
2. So what even if you pay a few thousand per month as brokerage your view does not matter now.
3. If you want to invest in small cap companies than you have to let go your personal security and choice to protect your trading account and have to enable TOTP with a third party app.
4. Zerodha will decide wich company need TOTP and put in restrictions not only NSE/BSE. There is no rationale on decision making and no publicly stated rule. How you decide which company deserve to be there or not. I can give you hundreds of example and counter example.
5. Many more.

Requesting you again for the fourth time Pls. dont make these feature compulsory for all. I myself had to let go a few opportunities to average some of my previous holdings. 90 percent of big companies start from a vary small. Most importantly we should not forget to listen those who hold your hand much before others did. Time may be good or bad. It will pass through.

For many like me, must be thinking number of time because of this silly step… should we move on?… Or should I need to change the broker? in a big dillema!

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