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Zerodha not increasing brokerage charges yet: Nithin Kamath

Economic Times · 2m

- Zerodha, a Bengaluru-based brokerage firm, will not increase its brokerage charges, including equity delivery which will remain free. - Stock exchanges BSE and NSE have started implementing a uniform fee structure based on transaction fees per trade, replacing the previous turnover-based fee structure. - NSE has introduced new transaction fees of Rs 2.97 per lakh of traded value in the cash market, Rs 1.73 per lakh of traded value in equity futures, and Rs 35.03 per lakh of premium value in equity options. - Zerodha expects a 10% decline in revenue due to the new fee structure, along with the increased securities transaction tax (STT) announced in the July Budget. - The STT for options has been increased to 0.1% from 0.0625%, while transaction charges have decreased to 0.035% from 0.0495%. In the futures segment, the STT has been raised to 0.02% from 0.0125%, with transaction charges decreased to 0.00173% from 0.00183%. - The impact of the changes in STT and transaction charges will be more significant for futures traders, as STT is charged on the entire contract value.