6 Reasons Why Budget And SEBI Changes Hit Zerodha And Groww Hard

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Budget Impact

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SEBI's New Rules

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Impact on Brokers

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Revenue Challenges

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Long-term Effects

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Future Competition

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Zerodha, Groww In Revenue Storm

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6 Reasons Why Budget And SEBI Changes Hit Zerodha And Groww Hard

Budget Impact

The finance minister increased STT rates to 0.1% on options and 0.02% on futures. Short-term gains now taxed at 20%, and long-term gains at 12.5%.

SEBI's New Rules

SEBI mandates uniform exchange fees, ending volume-based rebates and increasing brokerage costs, especially for F&O trades.

Impact on Brokers

Platforms like Zerodha and Groww, which rely on zero-brokerage models, face significant revenue impacts due to the new SEBI rules.

Revenue Challenges

Zero brokerage, a key USP, is now gone. Zerodha anticipates a 10% revenue hit, and overall brokerage fees are expected to rise.

Long-term Effects

The new regulations reduce brokers' margins, impacting market-making activities and overall profitability in the long run.

Future Competition

Jio Financial Services' market entry and other competitors like Paytm and PhonePe intensify the pressure on existing players amidst these changes.

Zerodha, Groww In Revenue Storm