Key Points from Nithin Kamath's Announcement on Zerodha's Brokerage Structure
• Potential Change: Zerodha may reconsider its zero brokerage model for equity delivery trades.
• SEBI Circular: SEBI mandates standardized fee practices for market infrastructure institutions.
• Current Model: Zerodha subsidizes zero brokerage on equity delivery with revenue from F&O trades.
• Possible Adjustments: Introducing brokerage fees for equity delivery or increasing F&O brokerage fees.
• Impact on Revenue: New regulation could eliminate rebates from exchanges, affecting Zerodha's revenue.
• Industry-Wide Effects: Other brokers may also need to adjust pricing models.
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