Zerodha cofounder and CEO Nithin Kamath said that with SEBI’s new circular, the platform will have to let go of the zero brokerage structure and /or increase brokerage for F&O trades
Kamath said that the rebate – the difference between the amount charged by brokers to the customer and that charged by the exchange to the broker – accounts for 10% of Zerodha’s revenue
In its circular, SEBI asked market infrastructure institutions that their charge structure should be uniform and equal for all its members instead of slab-wise
Following the Securities and Exchange Board of India’s (SEBI) circular on Monday barring market infrastructure institutions (MIIs) from offering discounts based on trading volumes or members’ activities, Zerodha
In a post on X, Kamath said, “With the new circular, we will, in all likelihood, have to let go of the zero brokerage…