Zerodha’s Founder and Chief Executive Officer Nithin Kamath believes that the suggested changes in the new F&O consultation paper released by the Securities and Exchange Board of India (SEBI) are unlikely to affect options volumes despite the government’s increase in the Securities Transaction Tax (STT) in the Union Budget 2024. […]
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Leading brokerage firm Zerodha on Friday, July 12, posted on the social media platform ‘X’, formerly Twitter, that its clients faced issues with Futures and Options (F&O) orders on the Bombay Stock Exchange (BSE) website during market hours. The brokerage firm’s clients noticed irregularities in order executions on the F&O […]
In a significant uptrend, the total number of Demat accounts surged to 16.2 crore in June 2024, according to a report by Motilal Oswal Financial Services. As per the report, new additions spiked by 42 lakh in June, marking the highest account opening rate since February 2024. This indicates a […]
The latest circular by the capital market regulator Securities and Exchange Board of India (SEBI) on charges levied by market infrastructure institutions (MIIs) may significantly impact the revenue of brokerage firms and overall trading volume as well, according to experts. SEBI, in its circular on Monday, July 1, communicated that […]
Following the latest SEBI circular mandating uniform charges among market infrastructure institutions such as stock exchanges, brokerages are facing pressure. Nithin Kamath of Zerodha said on Tuesday that the brokerage may need to reconsider its zero brokerage model or potentially raise brokerage fees for F&O (futures and options) trades. “Since […]
Zerodha founder-CEO Nithin Kamath, on June 7, praised the Securities and Exchange Board of India (SEBI) for making the Indian markets safer and more investor-friendly. In a post on the social media site X (formerly known as Twitter), Kamath referred to the market regulator’s circular on June 5, which mandates […]
Zerodha co-founder Nithin Kamath in a X post said, on May 30, that the brokerage firm has rolled out instant withdrawal feature on its app, which will allow the users to withdraw instant money up to ₹1,00,000 per day. Kamath further informed the users that the withdrawal window will open […]
Nithin Kamath’s Zerodha has introduced a new hands-on ‘notes’ feature for traders on its Kites mobile app in order to enhance the user-friendly experience and make the trading process seamless on the platform. The ‘notes’ feature on Kite app allows users to add the specific reason for adding an instrument […]
Mumbai: Top brokers have reopened the currency derivatives door for clients willing to declare that they comply with rules, after trading volumes plunged following the implementation of recent central bank directions. Zerodha, Motilal Oswal and Kotak Securities have begun seeking self-declarations from clients stating that such positions are taken only […]
Capital markets regulatory Securities and Exchange Board of India (SEBI) has proposed making the process of direct payout of such securities to the client’s account mandatory, in order to enhance the operational efficiency and reduce the risk to clients’ securities. Nithin Kamath, co-founder and chief executive officer (CEO) of online […]